2017 Q1 Form 10-Q Financial Statement
#000008136217000009 Filed on May 01, 2017
Income Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
Revenue | $194.9M | $178.1M |
YoY Change | 9.45% | -1.79% |
Cost Of Revenue | $124.0M | $110.1M |
YoY Change | 12.65% | -4.27% |
Gross Profit | $70.89M | $67.98M |
YoY Change | 4.27% | 2.49% |
Gross Profit Margin | 36.37% | 38.18% |
Selling, General & Admin | $48.05M | $48.14M |
YoY Change | -0.18% | -0.66% |
% of Gross Profit | 67.79% | 70.82% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $3.157M | $3.157M |
YoY Change | 0.0% | 2.8% |
% of Gross Profit | 4.45% | 4.64% |
Operating Expenses | $48.05M | $48.14M |
YoY Change | -0.18% | -0.66% |
Operating Profit | $13.76M | $19.84M |
YoY Change | -30.65% | 11.05% |
Interest Expense | $656.0K | $741.0K |
YoY Change | -11.47% | 26.24% |
% of Operating Profit | 4.77% | 3.74% |
Other Income/Expense, Net | -$105.0K | $102.0K |
YoY Change | -202.94% | -152.58% |
Pretax Income | $13.52M | $19.55M |
YoY Change | -30.83% | 12.32% |
Income Tax | $6.865M | $6.305M |
% Of Pretax Income | 50.78% | 32.26% |
Net Earnings | $6.992M | $12.95M |
YoY Change | -45.99% | 24.74% |
Net Earnings / Revenue | 3.59% | 7.27% |
Basic Earnings Per Share | $0.53 | $0.98 |
Diluted Earnings Per Share | $0.52 | $0.98 |
COMMON SHARES | ||
Basic Shares Outstanding | 13.18M shares | 13.12M shares |
Diluted Shares Outstanding | 13.22M shares | 13.13M shares |
Balance Sheet
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $90.60M | $94.40M |
YoY Change | -4.03% | 46.81% |
Cash & Equivalents | $90.59M | $94.37M |
Short-Term Investments | ||
Other Short-Term Assets | $15.20M | $20.50M |
YoY Change | -25.85% | 12.02% |
Inventory | $87.10M | $78.20M |
Prepaid Expenses | ||
Receivables | $201.9M | $188.2M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $394.9M | $381.3M |
YoY Change | 3.55% | 12.1% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $85.23M | $87.24M |
YoY Change | -2.29% | 6.56% |
Goodwill | $81.68M | $80.00M |
YoY Change | 2.1% | 6.43% |
Intangibles | $72.95M | $73.56M |
YoY Change | -0.83% | 7.78% |
Long-Term Investments | $24.06M | $21.19M |
YoY Change | 13.54% | 3.39% |
Other Assets | $28.84M | $32.41M |
YoY Change | -11.0% | -3.52% |
Total Long-Term Assets | $314.1M | $313.2M |
YoY Change | 0.29% | 4.38% |
TOTAL ASSETS | ||
Total Short-Term Assets | $394.9M | $381.3M |
Total Long-Term Assets | $314.1M | $313.2M |
Total Assets | $709.0M | $694.6M |
YoY Change | 2.08% | 8.48% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $90.22M | $69.75M |
YoY Change | 29.34% | -2.75% |
Accrued Expenses | $14.30M | $19.60M |
YoY Change | -27.04% | 63.33% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $700.0K | $600.0K |
YoY Change | 16.67% | 50.0% |
Total Short-Term Liabilities | $139.2M | $115.4M |
YoY Change | 20.63% | 6.07% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $65.65M | $97.62M |
YoY Change | -32.75% | 34.28% |
Other Long-Term Liabilities | $70.09M | $78.96M |
YoY Change | -11.23% | -8.3% |
Total Long-Term Liabilities | $135.7M | $176.6M |
YoY Change | -23.13% | 11.19% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $139.2M | $115.4M |
Total Long-Term Liabilities | $135.7M | $176.6M |
Total Liabilities | $287.0M | $303.0M |
YoY Change | -5.28% | 10.14% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $366.8M | $329.7M |
YoY Change | 11.26% | 7.77% |
Common Stock | $126.1M | $121.2M |
YoY Change | 4.08% | 6.04% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $411.0M | $382.9M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $709.0M | $694.6M |
YoY Change | 2.08% | 8.48% |
Cashflow Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $6.992M | $12.95M |
YoY Change | -45.99% | 24.74% |
Depreciation, Depletion And Amortization | $3.157M | $3.157M |
YoY Change | 0.0% | 2.8% |
Cash From Operating Activities | $8.300M | $10.90M |
YoY Change | -23.85% | 34.8% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $2.531M | $2.172M |
YoY Change | 16.53% | -10.02% |
Acquisitions | $0.00 | $1.384M |
YoY Change | -100.0% | -362.12% |
Other Investing Activities | $0.00 | -$1.100M |
YoY Change | -100.0% | -257.14% |
Cash From Investing Activities | -$2.500M | -$3.300M |
YoY Change | -24.24% | 95.15% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $4.583M | $4.243M |
YoY Change | 8.01% | 6.34% |
Common Stock Issuance & Retirement, Net | $0.00 | $5.859M |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -5.800M | 4.300M |
YoY Change | -234.88% | -184.65% |
NET CHANGE | ||
Cash From Operating Activities | 8.300M | 10.90M |
Cash From Investing Activities | -2.500M | -3.300M |
Cash From Financing Activities | -5.800M | 4.300M |
Net Change In Cash | $1.544M | 11.90M |
YoY Change | -87.03% | 804.94% |
FREE CASH FLOW | ||
Cash From Operating Activities | $8.300M | $10.90M |
Capital Expenditures | $2.531M | $2.172M |
Free Cash Flow | $5.769M | $8.728M |
YoY Change | -33.9% | 53.88% |
Facts In Submission
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Sales Revenue Net
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Interest Expense
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Income Tax Expense Benefit
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Allocated Share Based Compensation Expense
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Undistributed Earnings Loss Allocated To Participating Securities Basic
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|
113000 | USD |
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Net Income Loss Available To Common Stockholders Basic
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|
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Weighted Average Number Of Shares Outstanding Basic
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Investment Income Interest
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348000 | USD |
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Property Plant And Equipment Gross
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|
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Property Plant And Equipment Net
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IntangibleAssetsNetExcludingGoodwill
|
71850000 | USD |
CY2017Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
24063000 | USD |
CY2017Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
22460000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
236006000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6992000 | USD |
CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.53 | |
CY2016Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
150272000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
85734000 | USD |
CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
73071000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
24382000 | USD |
CY2017Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
28841000 | USD |
CY2017Q1 | us-gaap |
Assets
Assets
|
709006000 | USD |
CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
28752000 | USD |
CY2016Q4 | us-gaap |
Assets
Assets
|
692028000 | USD |
CY2017Q1 | us-gaap |
Debt Current
DebtCurrent
|
726000 | USD |
CY2017Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
90215000 | USD |
CY2017Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
13754000 | USD |
CY2017Q1 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
530000 | USD |
CY2017Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
33963000 | USD |
CY2017Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
139188000 | USD |
CY2016Q4 | us-gaap |
Debt Current
DebtCurrent
|
707000 | USD |
CY2016Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
82164000 | USD |
CY2016Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
19356000 | USD |
CY2016Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
24514000 | USD |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
127411000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
65649000 | USD |
CY2017Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
12101000 | USD |
CY2017Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
70093000 | USD |
CY2017Q1 | us-gaap |
Liabilities
Liabilities
|
287031000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
65769000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
12008000 | USD |
CY2016Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
74234000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
279422000 | USD |
CY2017Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
13291000 | USD |
CY2017Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
112838000 | USD |
CY2017Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
366819000 | USD |
CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
13278000 | USD |
CY2016Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
112475000 | USD |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
364414000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
410987000 | USD |
CY2017Q1 | us-gaap |
Minority Interest
MinorityInterest
|
10988000 | USD |
CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
709006000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
402760000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
692028000 | USD |
CY2017Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2017Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | shares |
CY2017Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
13290807 | shares |
CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | shares |
CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
13277832 | shares |
CY2017Q1 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;color:#000000;' >Note 2</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > – </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Recently Issued Accounting Standards</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Financial Accounting Standards Board ("FASB") </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >issued an accounting standard update in </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >March</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 2017, </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >to improve the presentation of net periodic pension and postretirement benefit cost. Defined benefit </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >pension and postretirement benefit costs “(net benefit cost”) comprise several components that reflect different aspects of an employer’s financial arrangements as well as the cost of benefits provided to employees. This accounting standard update </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >requir</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >e</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >s</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > that an employer disaggregate the service</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >cost component from the other </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >components of net benefit cost, </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >provide</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >s</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > explicit guidance on how to present the service cost component and</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >the other components of net benefit cost in the income statement and allo</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >w</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >s</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > only</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >the service cost component of net benefit cost to be eligible for capitalization.</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >The guidance within this accounting standa</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >rd update should be applied</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >retrospectively</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > for the</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >presentation of the service cost component and the other components of </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >net</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >periodic benefit cost in the income</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > statement and prospectively</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > for the capitalization</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >of the service cost component of net periodic </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >benefit in assets. This accounting standard update is </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >effective for annual</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >periods</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >beginning after December 15, 2017, </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >including interim periods within those</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >annual periods. </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Early adoption is permitted as</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >of the beginning of an annual period for which financial statements (interim or</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >annual) have not been issued or made available for issuance.</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > The Company’s non-service c</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ost components of net periodic benefit cost during the three months ended March 31, 2016 were $0.6 million. During the first quarter of 2017, the Company elected to early adopt the guidance within this accounting standard update which resulted in a reclas</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >sification to the Company’s Condensed Consolidated Statement of Income for the three months ended March 31, 2016, as previously reported cost of goods sold (“COGS”) were reduced by $0.1 million and selling, general and administrative expenses (“SG&A”) were</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > reduced by $0.5 million, with a corresponding $0.6 million reduction to other income.</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >The Company utilized a practical expedient included in the accounting standard update which allowed the Company to use amounts previously disclosed in its pension and o</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ther postretirement benefits note for the prior period as the estimation basis for applying the required retrospective presentation requirements. </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > In addition, these required retrospective reclassifications resulted in an immaterial adjustment to previousl</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >y reported direct operating earnings within the Company’s reportable operating segment disclosures for the three months ended March 31, 2016. See Note 3, Note 6 and Note 7 of Notes to Condensed Consolidated Financial Statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >FASB</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >issued an account</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ing standard update in January 2017, simplifying the test for goodwill impairment by eliminating the Step 2 computation. The accounting standard update modifies the concept of impairment from the condition that exists when the carrying amount of goodwill </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. The guidance removes the requirement to determine a goodwill impairment by calculating the implied fair value of goodwill by a</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ssigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. The guidance within this accounting standard update should be applied on a prospective basis, and is ef</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >fective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is still </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >evaluating the guidance but currently anticipates early adoption of the accounting standard update for its next annual goodwill impairment test during 2017, and does not expect a material impact to its financial statements. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The FASB issued an account</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ing standard update in January 2017 to clarify the definition of a business with the objective of adding guidance to assist companies with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >amendments in this accounting standard update provide a more robust framework to use in determining when a set of assets and activities is a business. The guidance within this accounting standard update is effective for annual and interim periods beginnin</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >g after December 15, 2017. Early adoption is permitted in limited circumstances, and the amendments in this accounting standard update should be applied prospectively, with no disclosures required at transition. The Company does not currently meet the cr</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >iteria for early application of the amendments and therefore has not early adopted the guidance. The Company will evaluate the potential impact of this guidance on future transactions, as applicable. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The FASB issued an accounting standard update in Nove</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >mber 2016 requiring that the statement of cash flows explain both the change in the total cash and cash equivalents, and, also, the amounts generally described as restricted cash or restricted cash equivalents. This will require amounts generally describe</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >d as restricted cash or restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning and ending amounts shown on the statement of cash flows. The guidance within this accounting standard update is effective for ann</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ual and interim periods beginning after December 15, 2017. Early adoption is permitted and the guidance requires application using a retrospective transition method to each period presented when adopted. While permitted, the Company has not early adopted</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > the guidance and is currently evaluating the appropriate implementation strategy. Adoption of the guidance will not have an impact on the Company’s earnings or balance sheet but will result in changes to certain disclosures within the statement of cash f</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >lows, notably cash flows from investing activities.</font></p><p style='text-align:left;margin-top:6pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The FASB issued an accounting standard update in August 2016 to standardize how certain transactions are classified in the statement of cash flows. Specific transactions covered by the accounting </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >standard update include debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settl</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ement of corporate and bank owned life insurance policies, distributions received from equity method investments and beneficial interest in securitization transactions. The guidance within this accounting standard update is effective for annual and interi</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >m periods beginning after December 15, 2017. Early adoption is permitted, provided that all of the amendments are adopted in the same period. The guidance requires application using a retrospective transition method. While permitted, the Company has not </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >early adopted the guidance and is currently evaluating the appropriate implementation strategy. Adoption of the guidance will not have an impact on the Company’s earnings or balance sheet but may result in certain reclassifications on the statement of cas</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >h flows, including reclassifications between cash flows from </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >operating activities, investing activities and financing activities, respectively.</font></p><p style='text-align:left;margin-top:5pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >The FASB issued an accounting standard update in March 2016 involving several aspects of the accounting for sha</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >re-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, use of a forfeiture rate, and classification on the statement of cash flows. The guidance within this accounting standard updat</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >e </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >was</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > effective for annual and interim periods beginning after December 15, 2016. When adopted, application of the guidance will vary based on each aspect of the update</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >,</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > including </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >adoption under </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >retrospective, modified retrospective or prospective </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >approac</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >hes</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >. Early adoption </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >was</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > permitted</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >. During the first quarter of 2017, the Company adopted the guidance within the accounting standard update as required. The impact of adoption for the Company included the elimination of recording the tax effects of dedu</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ctions in excess of compensation cost (“windfalls”) through equity as the guidance in this accounting standard update requires all tax effects related to share-based payments to now be recorded through the income statement. The tax effects of awards are r</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >equired to be treated as discrete items in the interim reporting period in which the windfalls occur. In addition, when applying the treasury stock method for computing diluted earnings per share, there are no longer assumed proceeds from windfall tax ben</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >efits and as a result, there are fewer shares considered to be repurchased in the calculation. This results in an assumption of more incremental shares being issued upon the exercise of share-based payment awards, therefore, equity awards will have a more</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > dilutive effect on earnings per share. As required, the Company has applied these changes in the guidance prospectively, beginning in the first quarter of 2017. </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >The result of these changes was an immaterial tax benefit recorded during the three months e</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >nded March 31, 2017 and an immater</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ial</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > number of dilutive shares </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >added to</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > the Company’s earnings per share calculation for the three months ended March 31, 2017.</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > In addition, all tax-related cash flows resulting from share-based payments are now required t</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >o be reported as operating activities in the statement of cash flows under this new guidance. Either prospective or retrospective transition of this provision was permitted, and the Company has elected to apply the cash flow classification guidance on a p</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >rospective basis, consistent with the prospective transition for the treatment of excess tax benefits in the income statement. Lastly, the accounting standard update permitted Company’s to make an accounting policy election to account for forfeitures as t</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >hey occur for service condition aspects of certain share-based awards, rather than estimating forfeitures each period. While permitted, the Company has not elected to make this accounting policy decision, and instead has elected to continue utilizing a for</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >feiture rate assumption. Based on historical experience, the Company has assumed a forfeiture rate of 13% on certain of its nonvested stock awards. See Note 5, Note 8 and Note 9 of Notes to Condensed Consolidated Financial Statements. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The FASB issu</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ed an accounting standard update in February 2016 regarding the accounting and disclosure for leases. Specifically, the update will require entities that lease assets to recognize the assets and liabilities for the rights and obligations created by those </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >leases on the balance sheet, in most instances. The guidance within this accounting standard update is effective for annual and interim periods beginning after December 15, 2018, and should be applied on a modified retrospective basis for the reporting pe</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >riods presented. Early adoption is permitted. The Company has not early adopted and is currently evaluating the potential impact of this guidance and an appropriate implementation strategy. The Company has begun its impact assessment, including taking a</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >n inventory of its outstanding leases globally. While the Company’s evaluation of this guidance is in the early stages, the Company currently expects adoption of this guidance to have an impact on its balance sheet.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >The FASB issued an accounting standard </font><font style='font-family:Times New Roman;font-size:10pt;' >update in May 2014 regarding the accounting for and disclosure of revenue recognition. Specifically, the update outlined a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers, which will be common</font><font style='font-family:Times New Roman;font-size:10pt;' > to both U.S. GAAP and International Financial Reporting Standards (“IFRS”). The guidance was effective for annual and interim periods beginning after December 15, 2016, and allowed for full retrospective adoption of prior period data or a modified retros</font><font style='font-family:Times New Roman;font-size:10pt;' >pective adoption. Early adoption was not permitted. In August 2015, the FASB issued an accounting standard update to delay the effective date of the new revenue standard by one year, or, in other words, to be effective for annual and interim periods begi</font><font style='font-family:Times New Roman;font-size:10pt;' >nning after December 15, 2017. Entities will be permitted to adopt the new revenue standard early but not before the original effective date. During 2016, the FASB issued a series of accounting standard updates to clarify and expand on the implementation</font><font style='font-family:Times New Roman;font-size:10pt;' > guidance, including principal versus agent considerations, identification of performance obligations, licensing, other technical corrections and adding certain practical expedients. The amendments in these 2016 updates do not change the core principle of</font><font style='font-family:Times New Roman;font-size:10pt;' > the previously issued guidance in May 2014. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >During 2016, the Company reviewed its historical accounting policies and practices to identify potential differences with the requirements of the new revenue standard, as it relates to the Company’s contracts a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd sales arrangements. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March</font><font style='font-family:Times New Roman;font-size:10pt;' > 31, 201</font><font style='font-family:Times New Roman;font-size:10pt;' >7</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company has progressed its impact assessment for the implementation of the new revenue recognition guidance, including contract reviews and preliminary considerations for the Company’s future financial repo</font><font style='font-family:Times New Roman;font-size:10pt;' >rting and disclosure requirements. While the impact assessment continues, the Company has not yet selected a method, and, also, has yet to conclude on the impact of the accounting standard update. The Company currently expects its determination will be n</font><font style='font-family:Times New Roman;font-size:10pt;' >ear completion during the first half of 2017. The Company is still assessing the materiality and the potential impact on its earnings, cash flows, and balance sheet, however; the Company does expect its adoption to increase the amount and level of disclos</font><font style='font-family:Times New Roman;font-size:10pt;' >ures concerning the Company’s net sales.</font></p></div> | |
CY2017Q1 | kwr |
Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
|
-490000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
5742000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
296000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
5446000 | USD |
CY2017Q1 | us-gaap |
Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
|
71919000 | USD |
CY2017Q1 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
6059000 | USD |
CY2017Q1 | kwr |
Finite Lived Intangible Assets Amortization Expense Current Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseCurrentFiscalYear
|
7063000 | USD |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
6829000 | USD |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
6728000 | USD |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
6455000 | USD |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
6092000 | USD |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
5971000 | USD |
CY2017Q1 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
1100000 | USD |
CY2017Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
0 | USD |
CY2017Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
4587000 | USD |
CY2017Q1 | kwr |
Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
|
376000 | USD |
CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-73316000 | USD |
CY2017Q1 | us-gaap |
Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
|
<div><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >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 a principal, revenue is recognized on a gross reporting basis at the selling price negotiated </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >with</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > customers. Where the Company acts as an agent, such revenue is</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > recorded using net reporting of service revenue</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >, at the amount of the administrative fee earned by the Company for ordering the goods. </font></p></div> | |
CY2017Q1 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
0 | shares |
CY2016Q1 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
83879 | shares |
CY2017Q1 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
835000 | USD |
CY2017Q1 | kwr |
Net Reporting Amount
NetReportingAmount
|
10400000 | USD |
CY2016Q1 | kwr |
Net Reporting Amount
NetReportingAmount
|
11100000 | USD |
CY2016Q4 | kwr |
Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
|
1410000 | USD |
CY2016Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
1410000 | USD |
CY2017Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
530000 | USD |
CY2017Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
148000 | USD |
CY2017Q1 | us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
-8000 | USD |
CY2016Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
6200000 | USD |
CY2016Q4 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
700000 | USD |
CY2016Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
|
1600000 | USD |
CY2017Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
6500000 | USD |
CY2017Q1 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
600000 | USD |
CY2017Q1 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
|
1700000 | USD |
CY2017Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.508 | pure |
CY2016Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.323 | pure |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
38912000 | USD |
CY2017Q1 | us-gaap |
Goodwill
Goodwill
|
81683000 | USD |
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
80804000 | USD |
CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
9846000 | USD |
CY2016Q4 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
670000 | USD |
CY2016Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
22817000 | USD |
CY2017Q1 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
0 | USD |
CY2017Q1 | kwr |
Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
|
5252000 | USD |
CY2016Q1 | kwr |
Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
|
4386000 | USD |
CY2016Q1 | kwr |
Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
|
-1296000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
5682000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
368000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
5314000 | USD |
CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-87407000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
412606000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
|
-509000 | USD |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2016Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
5859000 | USD |
CY2017Q1 | kwr |
Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
|
1454000 | USD |
CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
94374000 | USD |
CY2016Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
391526000 | USD |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
109662000 | USD |
CY2017Q1 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
100000 | USD |
CY2017Q1 | kwr |
Unrecognized Tax Benefits Interest Income On Income Taxes
UnrecognizedTaxBenefitsInterestIncomeOnIncomeTaxes
|
200000 | USD |
CY2016Q1 | kwr |
Unrecognized Tax Benefits Interest Income On Income Taxes
UnrecognizedTaxBenefitsInterestIncomeOnIncomeTaxes
|
100000 | USD |
CY2016Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
5859000 | USD |
CY2016Q1 | kwr |
Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
|
1545000 | USD |
CY2016Q1 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
104000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
421975000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
381243000 | USD |
CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
90593000 | USD |
CY2016Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-68002000 | USD |
CY2017Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-81961000 | USD |
CY2017Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
13290807 | shares |
CY2016Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
200000 | USD |
CY2017Q1 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
200000 | USD |
CY2017Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
1454000 | USD |
CY2016Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
110096000 | USD |
CY2016Q1 | us-gaap |
Gross Profit
GrossProfit
|
67981000 | USD |
CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
48143000 | USD |
CY2016Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.32 | |
CY2017Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
194909000 | USD |
CY2017Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
124022000 | USD |
CY2017Q1 | us-gaap |
Gross Profit
GrossProfit
|
70887000 | USD |
CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
48054000 | USD |
CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
19838000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
13758000 | USD |
CY2017Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-105000 | USD |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
656000 | USD |
CY2017Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
523000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
13520000 | USD |
CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6865000 | USD |
CY2017Q1 | kwr |
Income Loss From Continuing Operations Before Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
6655000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
959000 | USD |
CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
7614000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
622000 | USD |
CY2016Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
102000 | USD |
CY2017Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.52 | |
CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.345 | |
CY2017Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1142000 | USD |
CY2016Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
460000 | USD |
CY2017Q1 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
2263000 | USD |
CY2016Q1 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
2685000 | USD |
CY2017Q1 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
9075000 | USD |
CY2016Q1 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
0 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-660000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
0 | USD |
CY2017Q1 | kwr |
Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
|
566000 | USD |
CY2016Q4 | kwr |
Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
|
31436000 | USD |
CY2016Q1 | kwr |
Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
|
604000 | USD |
CY2017Q1 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
44000 | USD |
CY2016Q4 | us-gaap |
Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
|
71454000 | USD |
CY2016Q4 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
6023000 | USD |
CY2017Q1 | kwr |
Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
|
31684000 | USD |
CY2017Q1 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
400000 | USD |
CY2016Q1 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
800000 | USD |
CY2016Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
104000 | USD |
CY2017Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
0 | USD |
CY2016Q1 | kwr |
Unrecognized Tax Benefits Income Tax Penalties Income
UnrecognizedTaxBenefitsIncomeTaxPenaltiesIncome
|
100000 | USD |
CY2016Q4 | kwr |
Finitelivedtrademarksformulationsandproducttechnologygross1
Finitelivedtrademarksformulationsandproducttechnologygross1
|
31436000 | USD |
CY2017Q1 | kwr |
Finitelivedtrademarksformulationsandproducttechnologygross1
Finitelivedtrademarksformulationsandproducttechnologygross1
|
31684000 | USD |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
36942000 | USD |
CY2017Q1 | us-gaap |
Business Combination Separately Recognized Transactions Liabilities Recognized
BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized
|
8900000 | USD |
CY2016Q4 | us-gaap |
Business Combination Separately Recognized Transactions Liabilities Recognized
BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized
|
500000 | USD |
CY2017Q1 | us-gaap |
Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
|
9100000 | USD |
CY2017Q1 | kwr |
Effectofcombinationrelatedexpensesperdilutedshare
Effectofcombinationrelatedexpensesperdilutedshare
|
0.69 |