2013 Q1 Form 10-Q Financial Statement

#000008136213000009 Filed on April 29, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $176.2M $177.6M
YoY Change -0.81% 11.12%
Cost Of Revenue $113.6M $117.8M
YoY Change -3.61% 10.0%
Gross Profit $62.61M $59.80M
YoY Change 4.7% 13.39%
Gross Profit Margin 35.53% 33.66%
Selling, General & Admin $45.20M $43.09M
YoY Change 4.88% 11.54%
% of Gross Profit 72.19% 72.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.056M $3.057M
YoY Change -0.03% 15.1%
% of Gross Profit 4.88% 5.11%
Operating Expenses $45.20M $43.09M
YoY Change 4.88% 11.54%
Operating Profit $17.41M $16.70M
YoY Change 4.25% 18.45%
Interest Expense $744.0K $1.174M
YoY Change -36.63% -3.61%
% of Operating Profit 4.27% 7.03%
Other Income/Expense, Net $346.0K $341.0K
YoY Change 1.47% -36.73%
Pretax Income $17.18M $15.99M
YoY Change 7.44% 16.79%
Income Tax $4.133M $3.445M
% Of Pretax Income 24.05% 21.54%
Net Earnings $14.19M $13.11M
YoY Change 8.23% 16.76%
Net Earnings / Revenue 8.05% 7.38%
Basic Earnings Per Share $1.04 $0.96
Diluted Earnings Per Share $1.04 $0.95
COMMON SHARES
Basic Shares Outstanding 13.00M shares 12.73M shares
Diluted Shares Outstanding 13.03M shares 12.85M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.30M $19.00M
YoY Change 85.79% -19.49%
Cash & Equivalents $35.26M $18.96M
Short-Term Investments
Other Short-Term Assets $17.80M $17.00M
YoY Change 4.71% 22.3%
Inventory $74.00M $75.60M
Prepaid Expenses
Receivables $157.2M $162.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $284.1M $274.0M
YoY Change 3.69% 14.85%
LONG-TERM ASSETS
Property, Plant & Equipment $84.93M $83.99M
YoY Change 1.12% 6.99%
Goodwill $59.25M $59.06M
YoY Change 0.31%
Intangibles $34.07M $31.30M
YoY Change 8.85%
Long-Term Investments $15.61M $7.458M
YoY Change 109.24% -20.66%
Other Assets $34.75M $37.18M
YoY Change -6.53% -48.5%
Total Long-Term Assets $256.4M $248.4M
YoY Change 3.25% 4.62%
TOTAL ASSETS
Total Short-Term Assets $284.1M $274.0M
Total Long-Term Assets $256.4M $248.4M
Total Assets $540.6M $522.4M
YoY Change 3.48% 9.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.81M $76.26M
YoY Change -1.9% -0.45%
Accrued Expenses $11.00M $9.900M
YoY Change 11.11% 2.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.900M $600.0K
YoY Change 216.67% -25.0%
Total Short-Term Liabilities $113.0M $109.7M
YoY Change 3.05% 3.26%
LONG-TERM LIABILITIES
Long-Term Debt $27.68M $47.90M
YoY Change -42.22% -42.84%
Other Long-Term Liabilities $91.68M $86.95M
YoY Change 5.44% 10.34%
Total Long-Term Liabilities $119.4M $134.8M
YoY Change -11.49% -17.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.0M $109.7M
Total Long-Term Liabilities $119.4M $134.8M
Total Liabilities $238.6M $251.7M
YoY Change -5.21% -10.92%
SHAREHOLDERS EQUITY
Retained Earnings $225.8M $184.8M
YoY Change 22.2%
Common Stock $108.9M $103.8M
YoY Change 4.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $293.0M $262.6M
YoY Change
Total Liabilities & Shareholders Equity $540.6M $522.4M
YoY Change 3.48% 9.75%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $14.19M $13.11M
YoY Change 8.23% 16.76%
Depreciation, Depletion And Amortization $3.056M $3.057M
YoY Change -0.03% 15.1%
Cash From Operating Activities $11.31M $6.732M
YoY Change 67.94% -194.83%
INVESTING ACTIVITIES
Capital Expenditures $2.723M $3.178M
YoY Change -14.32% -8.55%
Acquisitions $647.0K $0.00
YoY Change
Other Investing Activities -$600.0K $500.0K
YoY Change -220.0% 0.0%
Cash From Investing Activities -$3.357M -$2.631M
YoY Change 27.59% -10.51%
FINANCING ACTIVITIES
Cash Dividend Paid $3.208M $3.105M
YoY Change 3.32% 14.96%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$4.742M -$2.686M
YoY Change 76.55% -137.85%
NET CHANGE
Cash From Operating Activities $11.31M $6.732M
Cash From Investing Activities -$3.357M -$2.631M
Cash From Financing Activities -$4.742M -$2.686M
Net Change In Cash $3.207M $1.415M
YoY Change 126.64% -148.08%
FREE CASH FLOW
Cash From Operating Activities $11.31M $6.732M
Capital Expenditures $2.723M $3.178M
Free Cash Flow $8.583M $3.554M
YoY Change 141.5% -133.61%

Facts In Submission

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CY2013Q1 us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
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<p style='margin-top:0pt; margin-bottom:6pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As part of the Company's chemical management services, certain third-party product sales to customers are managed by the Company. Where the Company acts as </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">principal, revenue is recognized on a gross reporting basis at the selling price negotiated with customers. Where the Company acts as </font><font style="font-family:Times New Roman;font-size:10pt;">an </font><font style="font-family:Times New Roman;font-size:10pt;">agent, such revenue is recorded using net reporting as service revenues, at the amount of the administrative fee earned by the Company for ordering the goods.</font></p>
CY2013Q1 kwr Description Of Foreign Currency Devaluation Effects
DescriptionOfForeignCurrencyDevaluationEffects
On January 8, 2010, the Venezuelan government announced the devaluation of the Bolivar Fuerte and the establishment of a two-tiered exchange structure. In February 2013, the Venezuelan Government announced a further devaluation of the Bolivar Fuerte. Accordingly, the Company recorded a charge of approximately $0.03 per diluted share during the first quarter of 2013.
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0.03
CY2013Q1 kwr Inflationary Percentage
InflationaryPercentage
1.00
CY2013Q1 us-gaap Immaterial Error Correction
ImmaterialErrorCorrection
During the first quarter of 2013, the Company identified errors in Primex&#8217;s estimated 2012 financial statements, which primarily related to a reinsurance contract held by Primex. The identified errors resulted in a cumulative $1,038 understatement of the Company&#8217;s equity in net income from associated companies for the year ended December 31, 2012. The Company corrected the errors related to Primex in the first quarter of 2013, which had the net effect of increasing equity in net income from associated companies by $1,038 for the three months ended March 31, 2013. The Company does not believe this adjustment is material to the consolidated financial statements for the year ended December 31, 2012 or to the Company&#8217;s projected results for the current year and, therefore, has not restated any prior period amounts.
CY2013Q1 us-gaap Quantifying Misstatement In Current Year Financial Statements Amount
QuantifyingMisstatementInCurrentYearFinancialStatementsAmount
1038000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
10924000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1764000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
1677000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-477000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
93000 USD
CY2013Q1 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1687000 USD
CY2013Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
CY2013Q1 kwr Effect Of Uncertain Tax Position Adjustments Earnings Per Share Diluted
EffectOfUncertainTaxPositionAdjustmentsEarningsPerShareDiluted
0.10
CY2012Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2288000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
1630000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12410000 USD
CY2013Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Upper Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeUpperBound
2500000 USD
CY2013Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Lower Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeLowerBound
2400000 USD
CY2012Q1 kwr Effect Of Uncertain Tax Position Adjustments Earnings Per Share Diluted
EffectOfUncertainTaxPositionAdjustmentsEarningsPerShareDiluted
0.12
CY2012Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
CY2012Q1 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1072000 USD
CY2012Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-215000 USD
CY2012Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
95000 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
107455 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.23
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y6M
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
112723 shares
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
58.26
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
29302 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.09
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
28.01
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
48581 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
-3601 shares
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
277784000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.46
CY2013Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-20433 shares
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
37.81
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0249
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5728
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0063
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2013Q1 kwr Sharebased Compensation Arrangement By Sharebased Payment Award Maximum Number Of Shares Percentage Per Employee
SharebasedCompensationArrangementBySharebasedPaymentAwardMaximumNumberOfSharesPercentagePerEmployee
An employee whose stock ownership of the Company exceeds five percent of the outstanding common stock is not eligible to participate in this plan.
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.85
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.15
CY2013Q1 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
369000 USD
CY2012Q1 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
1252000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2317000 USD
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1536000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12730682 shares
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12167000 USD
CY2012Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20178 shares
CY2012Q1 kwr Undistributed Earnings Allocated To Participating Securities Diluted
UndistributedEarningsAllocatedToParticipatingSecuritiesDiluted
198000 USD
CY2012Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
121210 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12851892 shares
CY2012Q1 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
200000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12165000 USD
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13001963 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13031900 shares
CY2013Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
29937 shares
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2444 shares
CY2013Q1 kwr Undistributed Earnings Allocated To Participating Securities Diluted
UndistributedEarningsAllocatedToParticipatingSecuritiesDiluted
111000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13508000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13508000 USD
CY2013Q1 kwr Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
34512000 USD
CY2013Q1 kwr Nonoperating Charges
NonoperatingCharges
16222000 USD
CY2012Q1 kwr Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
33630000 USD
CY2012Q1 kwr Nonoperating Charges
NonoperatingCharges
16182000 USD
CY2013Q1 us-gaap Dividends Common Stock
DividendsCommonStock
-3219000 USD
CY2013Q1 kwr Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
981000 USD
CY2012Q1 us-gaap Dividends Common Stock
DividendsCommonStock
-3114000 USD
CY2012Q1 kwr Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
-102000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
261357000 USD
CY2013Q1 kwr Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
280000 USD
CY2013Q1 kwr Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
562000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
842000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-734000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
108000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-28967000 USD
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4988000 USD
CY2012Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
5727000 USD
CY2012Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-739000 USD
CY2012Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-23979000 USD
CY2012Q1 kwr Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
5022000 USD
CY2012Q1 kwr Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
705000 USD
CY2013Q1 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
79000 USD
CY2013Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
5463000 USD
CY2013Q1 kwr Finite Lived Intangible Assets Accumulated Amortization Customer Lists
FiniteLivedIntangibleAssetsAccumulatedAmortizationCustomerLists
8684000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
50890000 USD
CY2013Q1 kwr Finite Lived Intangible Assets Accumulated Amortization Trademarks
FiniteLivedIntangibleAssetsAccumulatedAmortizationTrademarks
2732000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19018000 USD
CY2013Q1 kwr Finite Lived Intangible Assets Accumulated Amortization Other
FiniteLivedIntangibleAssetsAccumulatedAmortizationOther
4101000 USD
CY2013Q1 kwr Formulations And Product Technology
FormulationsAndProductTechnology
5278000 USD
CY2013Q1 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
6778000 USD
CY2013Q1 kwr Finite Lived Intangible Assets Accumulated Amortization Formulations
FiniteLivedIntangibleAssetsAccumulatedAmortizationFormulations
3501000 USD
CY2013Q1 us-gaap Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
33371000 USD
CY2012Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
5467000 USD
CY2012Q4 kwr Finite Lived Intangible Assets Accumulated Amortization Formulations
FiniteLivedIntangibleAssetsAccumulatedAmortizationFormulations
3423000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18152000 USD
CY2012Q4 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
6760000 USD
CY2012Q4 kwr Finite Lived Intangible Assets Accumulated Amortization Customer Lists
FiniteLivedIntangibleAssetsAccumulatedAmortizationCustomerLists
8192000 USD
CY2012Q4 kwr Finite Lived Intangible Assets Accumulated Amortization Trademarks
FiniteLivedIntangibleAssetsAccumulatedAmortizationTrademarks
2548000 USD
CY2012Q4 kwr Formulations And Product Technology
FormulationsAndProductTechnology
5278000 USD
CY2012Q4 us-gaap Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
32356000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
49861000 USD
CY2012Q4 kwr Finite Lived Intangible Assets Accumulated Amortization Other
FiniteLivedIntangibleAssetsAccumulatedAmortizationOther
3989000 USD
CY2013Q1 kwr Finite Lived Intangible Assets Amortization Expense Current Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseCurrentFiscalYear
3395000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3164000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3164000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2684000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2030000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2014000 USD
CY2013Q1 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
1100000 USD
CY2013Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
245000 USD
CY2012Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
230000 USD
CY2013Q1 us-gaap Subsequent Event Description
SubsequentEventDescription
During 2002 and 2003, the Company&#8217;s Netherlands and Italian subsidiaries paid excise taxes on mineral oil sales in Italy for a total amount of approximately $2,000. Alleging that the mineral oil excise tax was contrary to European Union directives, the subsidiaries filed with the Customs&#8217; Authority of Milan (&#8220;Customs Office&#8221; or &#8220;Office&#8221;) requests to obtain a refund of the above-mentioned amount. The parties appealed rulings to various levels of tax courts up through the Supreme Court of Italy. In March 2012, the Supreme Court rejected the appeal of the Customs Office, ruling in favor of the subsidiaries and granting a refund for the amounts requested.

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