Customer Claims |
12 Months Ended |
---|---|
Dec. 31, 2021 | |
Commitments And Contingencies Disclosure [Abstract] | |
Customer Claims |
24. Customer Claims In the fourth quarter of 2016, the Company established a reserve for two customer claims, which alleged that product manufactured by the Company may have caused performance problems with the customers’ products. The combined amount of the reserve was $7,367,000, which was recorded as a reduction of net sales in the year ended December 31, 2016. Both claims related to the Company’s Surfactant segment. In the fourth quarter of 2017, the Company paid $2,709,000 for one of the claims and reversed the remainder of the reserve for the claim. The claim reversal was recorded within net sales. The second claim for $703,000 was paid in the second quarter of 2019 and was covered by insurance. |