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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 495,444 $ 492,388 $ 995,592 $ 966,559
Cost of goods sold (excluding amortization expense - See Note 13) 317,753 342,824 644,451 670,924
Gross profit 177,691 149,564 351,141 295,635
Selling, general and administrative expenses 119,853 115,830 239,402 227,625
Restructuring and related charges (credits), net 1,043 (1) 5,015 819
Combination, integration and other acquisition-related expenses 0 1,832 0 5,885
Operating income 56,795 31,903 106,724 61,306
Other expense, net (3,606) (8,399) (5,845) (10,605)
Interest expense, net (12,721) (6,494) (25,963) (11,839)
Income before taxes and equity in net income of associated companies 40,468 17,010 74,916 38,862
Taxes on income before equity in net income of associated companies 13,830 1,374 23,363 4,240
Income before equity in net income of associated companies 26,638 15,636 51,553 34,622
Equity in net income (loss) of associated companies 2,755 (1,265) 7,381 (430)
Net income 29,393 14,371 58,934 34,192
Less: Net income attributable to noncontrolling interest 47 28 54 33
Net income attributable to Quaker Chemical Corporation $ 29,346 $ 14,343 $ 58,880 $ 34,159
Per share data:        
Net income attributable to Quaker Chemical Corporation common shareholders – basic (in dollars per share) $ 1.63 $ 0.80 $ 3.28 $ 1.91
Net income attributable to Quaker Chemical Corporation common shareholders – diluted (in dollars per share) 1.63 0.80 3.27 1.91
Dividends declared (in dollars per share) $ 0.435 $ 0.415 $ 0.870 $ 0.830