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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 490,612 $ 492,218 $ 1,486,204 $ 1,458,777
Cost of goods sold (excluding amortization expense - See Note 13) 307,265 331,469 951,716 1,002,393
Gross profit 183,347 160,749 534,488 456,384
Selling, general and administrative expenses 122,810 115,456 362,212 343,081
Restructuring and related charges (credits), net 1,019 (1,423) 6,034 (604)
Combination, integration and other acquisition-related expenses 0 2,107 0 7,992
Operating income 59,518 44,609 166,242 105,915
Other (expense) income, net (2,713) 85 (8,558) (10,520)
Interest expense, net (12,781) (8,389) (38,744) (20,228)
Income before taxes and equity in net income of associated companies 44,024 36,305 118,940 75,167
Taxes on income before equity in net income of associated companies 13,593 10,185 36,956 14,425
Income before equity in net income of associated companies 30,431 26,120 81,984 60,742
Equity in net income (loss) of associated companies 3,279 (212) 10,660 (642)
Net income 33,710 25,908 92,644 60,100
Less: Net income attributable to noncontrolling interest 40 41 94 74
Net income attributable to Quaker Chemical Corporation $ 33,670 $ 25,867 $ 92,550 $ 60,026
Per share data:        
Net income attributable to Quaker Chemical Corporation common shareholders – basic (in dollars per share) $ 1.87 $ 1.44 $ 5.15 $ 3.35
Net income attributable to Quaker Chemical Corporation common shareholders – diluted (in dollars per share) 1.87 1.44 5.14 3.35
Dividends declared (in dollars per share) $ 0.455 $ 0.435 $ 1.325 $ 1.265