2018 Q3 Form 10-Q Financial Statement
#000008136218000012 Filed on November 01, 2018
Income Statement
Concept | 2018 Q3 | 2017 Q3 |
---|---|---|
Revenue | $222.0M | $212.9M |
YoY Change | 4.28% | 11.81% |
Cost Of Revenue | $140.9M | $138.1M |
YoY Change | 2.02% | 15.57% |
Gross Profit | $81.09M | $74.78M |
YoY Change | 8.45% | 5.47% |
Gross Profit Margin | 36.52% | 35.12% |
Selling, General & Admin | $53.27M | $51.09M |
YoY Change | 4.26% | 6.72% |
% of Gross Profit | 65.69% | 68.33% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $4.900M | $5.100M |
YoY Change | -3.92% | 4.08% |
% of Gross Profit | 6.04% | 6.82% |
Operating Expenses | $53.27M | $51.09M |
YoY Change | 4.26% | 6.72% |
Operating Profit | $24.92M | $14.01M |
YoY Change | 77.88% | -35.92% |
Interest Expense | $1.510M | $793.0K |
YoY Change | 90.42% | 4.62% |
% of Operating Profit | 6.06% | 5.66% |
Other Income/Expense, Net | -$523.0K | $249.0K |
YoY Change | -310.04% | -2590.0% |
Pretax Income | $23.41M | $14.23M |
YoY Change | 64.53% | -34.27% |
Income Tax | $4.330M | $3.140M |
% Of Pretax Income | 18.5% | 22.07% |
Net Earnings | $19.69M | $11.14M |
YoY Change | 76.72% | -30.4% |
Net Earnings / Revenue | 8.87% | 5.23% |
Basic Earnings Per Share | $1.48 | $0.84 |
Diluted Earnings Per Share | $1.47 | $0.83 |
COMMON SHARES | ||
Basic Shares Outstanding | 13.28M shares | 13.22M shares |
Diluted Shares Outstanding | 13.32M shares | 13.25M shares |
Balance Sheet
Concept | 2018 Q3 | 2017 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $99.80M | $109.1M |
YoY Change | -8.52% | 10.2% |
Cash & Equivalents | $99.81M | $109.1M |
Short-Term Investments | ||
Other Short-Term Assets | $17.40M | $24.30M |
YoY Change | -28.4% | 12.5% |
Inventory | $96.60M | $90.30M |
Prepaid Expenses | ||
Receivables | $214.1M | $218.2M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $427.9M | $441.9M |
YoY Change | -3.15% | 12.11% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $82.16M | $86.28M |
YoY Change | -4.78% | 2.88% |
Goodwill | $83.70M | $85.82M |
YoY Change | -2.47% | 8.18% |
Intangibles | $67.01M | $74.61M |
YoY Change | -10.19% | 5.25% |
Long-Term Investments | $22.47M | $25.19M |
YoY Change | -10.8% | 7.43% |
Other Assets | $32.07M | $29.64M |
YoY Change | 8.17% | 1.14% |
Total Long-Term Assets | $301.4M | $322.7M |
YoY Change | -6.6% | 6.37% |
TOTAL ASSETS | ||
Total Short-Term Assets | $427.9M | $441.9M |
Total Long-Term Assets | $301.4M | $322.7M |
Total Assets | $729.3M | $764.5M |
YoY Change | -4.61% | 9.61% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $96.05M | $95.58M |
YoY Change | 0.49% | 21.64% |
Accrued Expenses | $24.10M | $20.50M |
YoY Change | 17.56% | 3.02% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $5.700M | $700.0K |
YoY Change | 714.29% | 0.0% |
Total Short-Term Liabilities | $157.3M | $156.1M |
YoY Change | 0.76% | 25.14% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $46.88M | $72.37M |
YoY Change | -35.23% | -4.28% |
Other Long-Term Liabilities | $82.93M | $71.36M |
YoY Change | 16.21% | -0.38% |
Total Long-Term Liabilities | $129.8M | $143.7M |
YoY Change | -9.69% | -2.38% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $157.3M | $156.1M |
Total Long-Term Liabilities | $129.8M | $143.7M |
Total Liabilities | $296.7M | $312.5M |
YoY Change | -5.06% | 10.11% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $402.3M | $380.4M |
YoY Change | 5.74% | 8.21% |
Common Stock | $109.5M | $126.4M |
YoY Change | -13.43% | 1.38% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $431.4M | $440.2M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $729.3M | $764.5M |
YoY Change | -4.61% | 9.61% |
Cashflow Statement
Concept | 2018 Q3 | 2017 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $19.69M | $11.14M |
YoY Change | 76.72% | -30.4% |
Depreciation, Depletion And Amortization | $4.900M | $5.100M |
YoY Change | -3.92% | 4.08% |
Cash From Operating Activities | $31.20M | $20.00M |
YoY Change | 56.0% | 17.65% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$3.200M | -$2.800M |
YoY Change | 14.29% | 47.37% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $200.0K | $0.00 |
YoY Change | -100.0% | |
Cash From Investing Activities | -$3.000M | -$2.800M |
YoY Change | 7.14% | 64.71% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -15.90M | -8.800M |
YoY Change | 80.68% | -30.71% |
NET CHANGE | ||
Cash From Operating Activities | 31.20M | 20.00M |
Cash From Investing Activities | -3.000M | -2.800M |
Cash From Financing Activities | -15.90M | -8.800M |
Net Change In Cash | 12.30M | 8.400M |
YoY Change | 46.43% | 223.08% |
FREE CASH FLOW | ||
Cash From Operating Activities | $31.20M | $20.00M |
Capital Expenditures | -$3.200M | -$2.800M |
Free Cash Flow | $34.40M | $22.80M |
YoY Change | 50.88% | 20.63% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
583000 | USD | |
kwr |
Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
|
668000 | USD | |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
374000 | USD | |
us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
216000 | USD | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Quaker Chemical Corporation | ||
dei |
Trading Symbol
TradingSymbol
|
KWR | ||
kwr |
Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
|
140613000 | USD | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.26 | ||
CY2018Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
81000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
5764000 | USD |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
17816000 | USD |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
13709000 | USD |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
13752000 | USD |
CY2018Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-523000 | USD |
dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-09-30 | ||
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
23088000 | USD | |
CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
169286000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
86704000 | USD |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
5525000 | USD | |
CY2018Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
140929000 | USD |
CY2018Q3 | us-gaap |
Gross Profit
GrossProfit
|
81093000 | USD |
CY2017Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
138142000 | USD |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
33928 | shares | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
51442000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
35842 | shares | |
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
34528 | shares |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14229000 | USD | |
kwr |
Income Loss From Continuing Operations Before Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
29610000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2049000 | USD | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1619000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-17111000 | USD | |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-2258000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-493000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
36582000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
36436000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2847000 | USD | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
226000 | USD | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13263417 | shares | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
226000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
51442000 | USD | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13297345 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3480 | shares | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-15346000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
2229000 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1825000 | USD | |
CY2018Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
172724000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
82157000 | USD |
CY2018Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
65912000 | USD |
CY2018Q3 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
15072000 | USD |
CY2018Q3 | us-gaap |
Debt Current
DebtCurrent
|
5673000 | USD |
CY2018Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
96053000 | USD |
CY2018Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
24099000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
31485000 | USD |
CY2018Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
157310000 | USD |
CY2018Q3 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
81000 | USD |
CY2018Q3 | kwr |
Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
|
127000 | USD |
CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-87407000 | USD |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.25 | ||
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
24919000 | USD |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
23407000 | USD |
CY2018Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
694000 | USD |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3140000 | USD |
CY2017Q3 | kwr |
Income Loss From Continuing Operations Before Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
11087000 | USD |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
562000 | USD |
CY2018Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-6859000 | USD |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-678000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-62000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
286000 | USD |
CY2018Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
162000 | USD |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
17407000 | USD |
us-gaap |
Depreciation
Depreciation
|
9386000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-2658000 | USD | |
kwr |
Increase Decrease In Deferred Compensation And Other Net
IncreaseDecreaseInDeferredCompensationAndOtherNet
|
-898000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2847000 | USD | |
us-gaap |
Depreciation
Depreciation
|
9464000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
1919000 | USD | |
kwr |
Increase Decrease In Deferred Compensation And Other Net
IncreaseDecreaseInDeferredCompensationAndOtherNet
|
-1190000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3269000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
680000 | USD | |
us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
680000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
50000 | USD | |
us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
542000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
14029000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
12719000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-2196000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6824000 | USD | |
us-gaap |
Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
|
0 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
12946000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
9272000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
5217000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
11755000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
50896000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
40801000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
8815000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
500000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
803000 | USD | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
102000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-8410000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
8032000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
5363000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
67000 | USD | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
35000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-13293000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD | |
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
11518000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
14385000 | USD | |
us-gaap |
Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
-227000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
4472000 | USD | |
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
488000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
13893000 | USD | |
us-gaap |
Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
-2594000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-26964000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-6168000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-12503000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
4758000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
9354000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
19763000 | USD | |
CY2018Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
214056000 | USD |
CY2017Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
208358000 | USD |
CY2018Q3 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
49913000 | USD |
CY2018Q3 | us-gaap |
Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
|
46692000 | USD |
CY2018Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
17446000 | USD |
CY2017Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
44439000 | USD |
CY2017Q4 | us-gaap |
Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
|
42782000 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
21128000 | USD |
CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
406586000 | USD |
CY2018Q3 | us-gaap |
Assets Current
AssetsCurrent
|
427917000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
254881000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
255990000 | USD |
CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
71603000 | USD |
CY2017Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
15661000 | USD |
CY2018Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
32065000 | USD |
CY2018Q3 | us-gaap |
Assets
Assets
|
729289000 | USD |
CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
30049000 | USD |
CY2017Q4 | us-gaap |
Assets
Assets
|
722327000 | USD |
CY2017Q4 | us-gaap |
Debt Current
DebtCurrent
|
5736000 | USD |
CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
97732000 | USD |
CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
22846000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
29384000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
155698000 | USD |
CY2018Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
46875000 | USD |
CY2018Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
9543000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
82925000 | USD |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
296653000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
61068000 | USD |
CY2017Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
9653000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
87044000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
313463000 | USD |
CY2018Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
13334000 | USD |
CY2018Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
96121000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
402255000 | USD |
CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
13308000 | USD |
CY2017Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
93528000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
365182000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
431378000 | USD |
CY2018Q3 | us-gaap |
Minority Interest
MinorityInterest
|
1258000 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
729289000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
406918000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
722327000 | USD |
CY2018Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2018Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | shares |
CY2018Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
13334364 | shares |
CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
13307976 | shares |
CY2017Q4 | kwr |
Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
|
1594000 | USD |
CY2017Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
1594000 | USD |
CY2017Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
0 | USD |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
675000 | USD | |
us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
-5000 | USD | |
CY2017Q3 | kwr |
Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
|
42678000 | USD |
CY2017Q3 | kwr |
Nonoperating Charges
NonoperatingCharges
|
17108000 | USD |
CY2018Q3 | kwr |
Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
|
49110000 | USD |
CY2018Q3 | kwr |
Nonoperating Charges
NonoperatingCharges
|
19460000 | USD |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
144000 | USD |
CY2018Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-285000 | USD |
CY2018Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
115000 | USD |
CY2018Q3 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
137000 | USD |
CY2017Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
141000 | USD |
CY2017Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
545000 | USD |
CY2017Q3 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
22000 | USD |
CY2017Q3 | kwr |
Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
|
130000 | USD |
CY2017Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
47000 | USD |
CY2017Q3 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
99000 | USD |
CY2017Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
6800000 | USD |
CY2017Q4 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
600000 | USD |
CY2017Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
|
1000000 | USD |
CY2018Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
7000000 | USD |
CY2018Q3 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
700000 | USD |
CY2018Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
|
1100000 | USD |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.212 | pure | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.325 | pure | |
CY2018Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
718 | shares |
CY2017Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1024000 | USD |
CY2017Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4300 | shares |
CY2018Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
872000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
6414000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
6193000 | USD |
CY2018Q3 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
1100000 | USD |
CY2018Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
4933000 | USD |
CY2018Q3 | kwr |
Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
|
1140000 | USD |
CY2017Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
4722000 | USD |
CY2018Q3 | kwr |
Finite Lived Intangible Assets Amortization Expense Current Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseCurrentFiscalYear
|
7373000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
7211000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
6928000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
6571000 | USD |
CY2017Q3 | kwr |
Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
|
-629000 | USD |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
14595000 | USD | |
kwr |
Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
|
2619000 | USD | |
CY2017Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-66673000 | USD |
CY2018Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
19613000 | USD |
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
11066000 | USD |
CY2018Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
77000 | USD |
CY2017Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
76000 | USD |
CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
37282 | shares |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13315541 | shares |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13251693 | shares |
CY2018Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
77000 | USD |
CY2018Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
19613000 | USD |
CY2017Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
76000 | USD |
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
11066000 | USD |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13278259 | shares |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13217165 | shares |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-2339000 | USD | |
CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
83695000 | USD |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
86034000 | USD |
CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
1946000 | USD |
CY2017Q3 | kwr |
Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
|
5994000 | USD |
CY2017Q3 | kwr |
Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
|
-530000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
6524000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
259000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
6265000 | USD |
kwr |
Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
|
-17498000 | USD | |
kwr |
Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
|
-2758000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-14740000 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
492000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-15232000 | USD | |
kwr |
Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
|
19004000 | USD | |
kwr |
Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
|
-3395000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
22399000 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
1665000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
20734000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
19690000 | USD |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11142000 | USD |
CY2018Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.47 | |
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.83 | |
CY2018Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.48 | |
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.84 | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-6019000 | USD |
CY2018Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-80332000 | USD |
CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-65100000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
432636000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
408864000 | USD |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
19771000 | USD |
CY2018Q3 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
1827000 | USD |
CY2017Q3 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
1886000 | USD |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
222022000 | USD |
us-gaap |
Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
|
-675000 | USD | |
CY2018Q3 | us-gaap |
Interest Expense
InterestExpense
|
1510000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
6112000 | USD |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
43000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
452059000 | USD |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
14033000 | USD | |
kwr |
Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
|
675000 | USD | |
CY2018Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
13334364 | shares |
CY2018Q3 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
200000 | USD |
CY2018Q3 | kwr |
Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
|
1649000 | USD |
CY2018Q3 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
1649000 | USD |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
391512000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
217498000 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
148740000 | USD | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.055 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
656039000 | USD | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
418562000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
237477000 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
157360000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
67713000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-631000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
4804000 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1581000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
63859000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13554000 | USD | |
kwr |
Income Loss From Continuing Operations Before Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
50305000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1623000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
51928000 | USD | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
260000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
51668000 | USD | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.88 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.87 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.095 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
146000 | USD | |
us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
1113000 | USD | |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
12404000 | USD | |
kwr |
Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
|
1713000 | USD | |
CY2017Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-72938000 | USD |
us-gaap |
Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
|
14400000 | USD | |
CY2018Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
2904000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
422677000 | USD |
CY2017Q3 | kwr |
Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
|
537000 | USD |
CY2018Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.185 | pure |
CY2017Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.221 | pure |
us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
100000 | USD | |
us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
200000 | USD | |
CY2018Q3 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
100000 | USD |
kwr |
Unrecognized Tax Benefits Interest Income On Income Taxes
UnrecognizedTaxBenefitsInterestIncomeOnIncomeTaxes
|
100000 | USD | |
CY2017Q3 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
100000 | USD |
us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
100000 | USD | |
CY2018Q3 | us-gaap |
Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
|
3800000 | USD |
CY2018Q3 | kwr |
Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
|
568000 | USD |
CY2018Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
53270000 | USD |
kwr |
Combinationrelatedexpensesnetofpayements
Combinationrelatedexpensesnetofpayements
|
-349000 | USD | |
CY2016Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
670000 | USD |
kwr |
Combinationrelatedexpensesnetofpayements
Combinationrelatedexpensesnetofpayements
|
10367000 | USD | |
CY2018Q3 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
700000 | USD |
CY2017Q3 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
800000 | USD |
us-gaap |
Business Combination Separately Recognized Transactions Description
BusinessCombinationSeparatelyRecognizedTransactionsDescription
|
On April 4, 2017, Quaker entered into a share purchase agreement with Gulf Houghton Lubricants, Ltd. to purchase the entire issued and outstanding share capital of Houghton International, Inc. (“Houghton”) (herein referred to as “the Combination”). The shares will be bought for aggregate purchase consideration consisting of: (i) $172.5 million in cash; (ii) a number of shares of common stock, $1.00 par value per share, of the Company comprising 24.5% of the common stock outstanding upon the closing of the Combination; and (iii) the Company’s assumption of Houghton’s net indebtedness as of the closing of the Combination, which was approximately $690 million at signing. At closing, the total aggregate purchase consideration is dependent on the Company’s stock price and the level of Houghton’s indebtedness. The Company secured $1.15 billion in commitments from Bank of America Merrill Lynch and Deutsche Bank to fund the Combination and to provide additional liquidity, and has since replaced these commitments with a syndicated bank agreement (“the New Credit Facility”) with a group of lenders for $1.15 billion. The New Credit Facility is contingent upon and will not be effective until the closing of the Combination. During the third quarter of 2018 the Company extended the bank commitment for the New Credit Facility through December 15, 2018. The New Credit Facility is comprised of a $400.0 million multicurrency revolver, a $600.0 million USD term loan and a $150.0 million EUR equivalent term loan, each with a five-year term from the date the New Credit Facility becomes effective. The maximum amount available under the New Credit Facility can be increased by $200.0 million at the Company’s option if the lenders agree and the Company satisfies certain conditions. Borrowings under the New Credit Facility will bear interest at a base rate or LIBOR rate plus a margin. The Company currently estimates the annual floating rate cost will be in the 3.50% to 3.75% range based on current market interest rates. The New Credit Facility will be subject to certain financial and other covenants, including covenants that the Company’s consolidated net debt to adjusted EBITDA ratio cannot initially exceed 4.25 to 1 and the Company’s consolidated adjusted EBITDA to interest expense ratio cannot be less than 3.0 to 1. Both the USD and EUR equivalent term loans will have quarterly principal amortization during their respective five-year terms, with 5% amortization of the principal balance due in years 1 and 2, 7.5% in year 3, and 10% in years 4 and 5, with the remaining principal amounts due at maturity. Until closing, the Company will incur certain interest costs paid to maintain the bank commitment (“ticking fees”), which began to accrue on September 29, 2017 and bear an interest rate of 0.30% per annum. | ||
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14009000 | USD |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
793000 | USD |
CY2017Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
762000 | USD |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
14227000 | USD |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
11704000 | USD |
CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
249000 | USD |
CY2017Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
9675000 | USD |
CY2017Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.355 | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
43839000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
30040000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
31659000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
45670000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1427000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3269000 | USD | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
5490000 | USD | |
CY2017Q4 | us-gaap |
Business Combination Separately Recognized Transactions Liabilities Recognized
BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized
|
5500000 | USD |
CY2017Q3 | us-gaap |
Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
|
9700000 | USD |
us-gaap |
Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
|
23100000 | USD | |
kwr |
Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
|
124315000 | USD | |
kwr |
Nonoperating Charges
NonoperatingCharges
|
50067000 | USD | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
612000 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
580000 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
50000 | USD | |
kwr |
Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
|
748000 | USD | |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
288000 | USD | |
us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
166000 | USD | |
kwr |
Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
|
3539000 | USD | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
222000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
29818000 | USD | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13196255 | shares | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
222000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
29818000 | USD | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
41818 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13238073 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4819 | shares | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
21152000 | USD | |
us-gaap |
Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<div><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;' >A contract liability is recognized when the Company receives consideration, or if it has the unconditional right to receive consideration, in advance of </font><font style='font-family:Times New Roman;font-size:10pt;' >performance. A contract liability is the Company’s obligation to transfer goods or services to a customer for which the Company has received consideration, or a specified amount of consideration is due, from the customer. The Company’s contract liabiliti</font><font style='font-family:Times New Roman;font-size:10pt;' >es primarily represent deferred revenue recorded for customer payments received by the Company prior to the Company satisfying the associated performance obligation. Deferred revenues are presented within other current liabilities in the Company’s Condens</font><font style='font-family:Times New Roman;font-size:10pt;' >ed Consolidated Balance Sheets.</font></p></div> | ||
us-gaap |
Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
|
<div><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;' >As part of the Company’s CMS, certain third-party product sales to customers are managed by the Company. Where the Company acts as a principal, revenues are recognized on a gross reporting basis at the selling price negotiated with</font><font style='font-family:Times New Roman;font-size:10pt;' > its customers. Where the Company acts as an agent, revenue is recognized on a net reporting basis at the amount of the administrative fee earned by the Company for ordering the goods.</font></p></div> | ||
CY2018Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
99810000 | USD |
CY2018Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
20594000 | USD |
CY2018Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
120404000 | USD |
CY2017Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
109088000 | USD |
CY2017Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
21376000 | USD |
CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
130464000 | USD |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
89879000 | USD |
CY2017Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
21171000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
111050000 | USD |
CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
88818000 | USD |
CY2016Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
21883000 | USD |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
110701000 | USD |
kwr |
Net Reporting Amount
NetReportingAmount
|
35800000 | USD | |
kwr |
Net Reporting Amount
NetReportingAmount
|
33000000 | USD | |
CY2018Q3 | kwr |
Net Reporting Amount
NetReportingAmount
|
11700000 | USD |
CY2017Q3 | kwr |
Net Reporting Amount
NetReportingAmount
|
11200000 | USD |
CY2018Q3 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
1600000 | USD |
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
4400000 | USD | |
CY2017Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
1500000 | USD |
kwr |
Statutory Tax Rate
StatutoryTaxRate
|
0.35 | pure | |
kwr |
Statutory Tax Rate
StatutoryTaxRate
|
0.21 | pure | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
834000 | USD | |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
412606000 | USD |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
834000 | USD | |
CY2018Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-74351000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
|
75424000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
|
76581000 | USD |
CY2017Q4 | kwr |
Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
|
33025000 | USD |
CY2018Q3 | kwr |
Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
|
33561000 | USD |
CY2017Q4 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
6114000 | USD |
CY2018Q3 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
5962000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
115720000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
114947000 | USD |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
409000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
2037000 | USD | |
CY2018Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
22471000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
18528000 | USD | |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-2171000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
453000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
52811000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
50774000 | USD | |
CY2018Q3 | us-gaap |
Business Combination Separately Recognized Transactions Liabilities Recognized
BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized
|
5100000 | USD |
CY2018Q3 | us-gaap |
Deferred Revenue
DeferredRevenue
|
1600000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
50135000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
45217000 | USD |
CY2018Q3 | us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
1100000 | USD |
us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
2300000 | USD | |
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 </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >3</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:6pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >The Financial Accounting Standards Board (“FASB”) issued an accounting standard update in August 2018 that modifies certain disclosure requirements for employers that sponsor defined benefit pension or </font><font style='font-family:Times New Roman;font-size:10pt;' >other postretirement plans. The amendments in this accounting standard update remove disclosures that are no longer considered cost beneficial, clarify the specific requirements of certain disclosures, and add new disclosure requirements as relevant. The</font><font style='font-family:Times New Roman;font-size:10pt;' > guidance within this accounting standard update is effective for annual periods beginning after December 15, 2020, and should be applied retrospectively to all periods presented. Early adoption is permitted. The Company has not early adopted the guidanc</font><font style='font-family:Times New Roman;font-size:10pt;' >e and is currently evaluating its implementation.</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;' >The FASB issued an accounting standard update in August 2018 that clarifies the accounting for implementation costs incurred in a cloud computing arrangement under a service contract. This guidance general</font><font style='font-family:Times New Roman;font-size:10pt;' >ly aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement under a service contract with the requirements for capitalizing implementation costs related to internal-use software. The guidance within this accounting s</font><font style='font-family:Times New Roman;font-size:10pt;' >tandard update is effective for annual periods beginning after December 15, 2019, and should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. Early adoption is permitted. The Company has </font><font style='font-family:Times New Roman;font-size:10pt;' >not early adopted the guidance and is currently evaluating its implementation.</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;' >The FASB issued an accounting standard update in August 2018 that modifies certain disclosure requirements for fair value measurements. The guidance removes certain disclosure r</font><font style='font-family:Times New Roman;font-size:10pt;' >equirements regarding transfers between levels of the fair value hierarchy as well as the valuation processes for certain fair value measurements. Further, the guidance added certain disclosure requirements including unrealized gains and losses and signif</font><font style='font-family:Times New Roman;font-size:10pt;' >icant unobservable inputs used to develop certain fair value measurements. The guidance within this accounting standard update is effective for annual and interim periods beginning after December 15, 2019, and should be applied prospectively in the initia</font><font style='font-family:Times New Roman;font-size:10pt;' >l year of adoption or prospectively to all periods presented, depending on the amended disclosure requirement. Early adoption is permitted. The Company has not early adopted the guidance and is currently evaluating its implementation.</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;' >The FASB issued an </font><font style='font-family:Times New Roman;font-size:10pt;' >accounting standard update in June 2018 to simplify the accounting for share-based payment transactions with non-employees of the Company. The guidance within this accounting standard update generally requires that share-based payment transactions for acq</font><font style='font-family:Times New Roman;font-size:10pt;' >uiring goods or services from non-employees of the Company be accounted for under the same guidance and model as all other share-based payment transactions, including employees of the Company. The guidance within this accounting standard update is effecti</font><font style='font-family:Times New Roman;font-size:10pt;' >ve for annual and interim periods beginning after December 15, 2018. Early adoption is permitted. The Company elected to early adopt the guidance within this accounting standard updated in the second quarter of 2018 with no impact to its financial statem</font><font style='font-family:Times New Roman;font-size:10pt;' >ents. </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;' > </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;' >The FASB issued an accounting standard update in February 2018 that allows a reclassification from accumulated other comprehensive income (“AOCI”) to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act enacted in D</font><font style='font-family:Times New Roman;font-size:10pt;' >ecember 2017. The guidance within this accounting standard update is effective for annual and interim periods beginning after December 15, 2018, and should be applied either in the period of adoption or retrospectively to each period in which the effect o</font><font style='font-family:Times New Roman;font-size:10pt;' >f the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. Early adoption is permitted. The Company has not early adopted the guidance and is currently evaluating its implementation.</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;' >The FASB issued an accounti</font><font style='font-family:Times New Roman;font-size:10pt;' >ng 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 a</font><font style='font-family:Times New Roman;font-size:10pt;' >mendments in this accounting standard update provided 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 was effective for annual and interim periods beginni</font><font style='font-family:Times New Roman;font-size:10pt;' >ng after December 15, 2017. Early adoption was permitted in limited circumstances, and the amendments in this accounting standard update were required to be applied prospectively, with no disclosures required at transition. The Company adopted the guidan</font><font style='font-family:Times New Roman;font-size:10pt;' >ce in the first quarter of 2018, as required, with no impact to its financial statements.</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;' >The FASB issued an accounting standard update in November 2016 requiring that the statement of cash flows explain both the change in the total cash and cash equivalen</font><font style='font-family:Times New Roman;font-size:10pt;' >ts, and also the amounts generally described as restricted cash or restricted cash equivalents. This required amounts generally described as restricted cash or restricted cash equivalents be included with cash and cash equivalents when reconciling the beg</font><font style='font-family:Times New Roman;font-size:10pt;' >inning and ending amounts shown on the statement of cash flows. The guidance within this accounting standard update was effective for annual and interim periods beginning after December 15, 2017. Early adoption was permitted and the guidance required app</font><font style='font-family:Times New Roman;font-size:10pt;' >lication using a retrospective transition method to each period presented when adopted. The Company adopted the guidance in the first quarter of 2018, as required. Adoption of the guidance did not have an impact on the Company’s earnings or balance sheet</font><font style='font-family:Times New Roman;font-size:10pt;' > but did result in changes to certain disclosures within the statement of cash flows, including cash flows from investing activities and total cash, cash equivalents and restricted cash. See Note 12 of Notes to Condensed Consolidated Financial Statements.</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;' >The FASB issued an accounting standard update in October 2016 to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. The provisions in this update allowed an entity to recognize current and def</font><font style='font-family:Times New Roman;font-size:10pt;' >erred income taxes of an intra-entity transfer of an asset other than inventory when the transfer occurs rather than when the asset has been sold to an outside party. The guidance within this accounting standard update was effective for annual and interim</font><font style='font-family:Times New Roman;font-size:10pt;' > periods beginning after December 15, 2017. Early adoption was permitted and the guidance required application on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adop</font><font style='font-family:Times New Roman;font-size:10pt;' >tion. The Company adopted the guidance in the first quarter of 2018, as required, with no impact to its financial statements.</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;' >The FASB issued an accounting standard update in August 2016 to standardize how certain transactions are classified in the statem</font><font style='font-family:Times New Roman;font-size:10pt;' >ent of cash flows. Specific transactions covered by the accounting standard update include debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proce</font><font style='font-family:Times New Roman;font-size:10pt;' >eds from the settlement of insurance claims, proceeds from the settlement of corporate and bank owned life insurance policies, distributions received from equity method investments and beneficial interest in securitization transactions. The guidance withi</font><font style='font-family:Times New Roman;font-size:10pt;' >n this accounting standard update was effective for annual and interim periods beginning after December 15, 2017. Early adoption was permitted, provided that all of the amendments were adopted in the same period. The guidance required application using a</font><font style='font-family:Times New Roman;font-size:10pt;' > retrospective transition method. The Company adopted the guidance in the first quarter of 2018 as required, with no impact to its financial statements.</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;' >The FASB issued an accounting standard update in February 2016 regarding the accounting and disclosure</font><font style='font-family:Times New Roman;font-size:10pt;' > for leases.  During 2018, the FASB issued a series of accounting standard updates to clarify and expand on the original 2016 implementation guidance, including certain targeted improvements around comparative reporting requirements and accounting for leas</font><font style='font-family:Times New Roman;font-size:10pt;' >e and non-lease components by lessors as well as other technical corrections and improvements.  The amendments in these 2018 updates did not change the core principles of the guidance previously issued in February 2016.  The guidance within all of the leas</font><font style='font-family:Times New Roman;font-size:10pt;' >ing accounting standard updates are effective for annual and interim periods beginning after December 15, 2018, and should be applied on a modified retrospective basis, applying the transition requirements either (a) at the beginning of the earliest period</font><font style='font-family:Times New Roman;font-size:10pt;' > presented in the financial statements in the year of adoption (i.e. January 1, 2017) or (b) in the period of adoption (i.e. January 1, 2019).  Early adoption is permitted, but the Company has not early adopted. The Company expects to adopt the guidance i</font><font style='font-family:Times New Roman;font-size:10pt;' >n the first quarter of 2019, as required, using a modified retrospective transition approach  The Company currently anticipates electing to apply the transition requirements in the period of adoption (i.e. as of January 1, 2019), as permitted.  As such the</font><font style='font-family:Times New Roman;font-size:10pt;' > Company will neither restate comparative periods for the effects of this lease accounting guidance or provide the disclosures requirements for c</font><font style='font-family:Times New Roman;font-size:10pt;' >omparative periods.  While</font><font style='font-family:Times New Roman;font-size:10pt;' > the Company</font><font style='font-family:Times New Roman;font-size:10pt;' >’s decisions are not finalized, the Company</font><font style='font-family:Times New Roman;font-size:10pt;' > anticipates electing to apply</font><font style='font-family:Times New Roman;font-size:10pt;' > certain of the permitted practical expedients within the new lease accounting guidance, and, also, the Company anticipates making certain accounting policy elections as a result of adopting the new lease accounting guidance.</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;' >As of September 30, 2018, th</font><font style='font-family:Times New Roman;font-size:10pt;' >e Company has substantially completed its implementation planning and has made significant progress towards completing its impact assessment.  Work performed to date includes developing a detailed project plan, identifying and establishing a cross-function</font><font style='font-family:Times New Roman;font-size:10pt;' >al implementation team and developing pre-adoption internal controls.  In addition, the Company has gathered an inventory of the Company’s explicit outstanding leases globally, performed certain review procedures to ensure completeness of its lease populat</font><font style='font-family:Times New Roman;font-size:10pt;' >ion and began abstracting critical lease information from the lease population for inclusion within the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company’s leasing software. Also, the Company has begun preliminary considerations for how the new lease accounting guidance may impact Houghton, as it</font><font style='font-family:Times New Roman;font-size:10pt;' > pertains to the potential Combination.  The Company anticipates using the remainder of 2018 to further develop its considerations for the potential Houghton Combination as well as finalize its impact assessment and implementation including completing the </font><font style='font-family:Times New Roman;font-size:10pt;' >abstraction of critical lease information for inclusion within the Company’s leasing software and calculating a preliminary transition adjustment that will be reflected in the Company’s financial statements starting after the effective date of January 1, 2</font><font style='font-family:Times New Roman;font-size:10pt;' >019.</font><font style='font-family:Times New Roman;font-size:10pt;' >  </font><font style='font-family:Times New Roman;font-size:10pt;' >While the Company’s implementation of this lease accounting guidance is still on-going, the Company anticipates adoption of this guidance will have a material impact on its balance sheet as it expects the majority of its leases will be recorded on it</font><font style='font-family:Times New Roman;font-size:10pt;' >s balance sheet by establishing right of use assets and associated lease liabilities.  T</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >he Company previously disclosed in its Annual Report filed on Form 10-K for the year ended December 31, 2017 that its undiscounted </font><font style='font-family:Times New Roman;font-size:10pt;' >contractual obligations associated </font><font style='font-family:Times New Roman;font-size:10pt;' >with operating leases were $</font><font style='font-family:Times New Roman;font-size:10pt;' >27.6</font><font style='font-family:Times New Roman;font-size:10pt;' > million i</font><font style='font-family:Times New Roman;font-size:10pt;' >n the aggregate, which will be one of the</font><font style='font-family:Times New Roman;font-size:10pt;' > significant input</font><font style='font-family:Times New Roman;font-size:10pt;' >s used in</font><font style='font-family:Times New Roman;font-size:10pt;' > calculating the amount of right of use assets and associated lease liabilities the Company will record on its Condensed Consolidated Balance Shee</font><font style='font-family:Times New Roman;font-size:10pt;' >t as of January 1, 2019 upon adoption of this lease accounting guidance. </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;' >The FASB issued an accounting standard update in May 2014 regarding the accounting for and disclosure of revenue recognition. Specifically, the update outlined a single comprehensi</font><font style='font-family:Times New Roman;font-size:10pt;' >ve model for entities to use in accounting for revenue arising from contracts with customers, which will be common to both U.S. GAAP and International Financial Reporting Standards. The guidance was effective for annual and interim periods beginning after</font><font style='font-family:Times New Roman;font-size:10pt;' > December 15, 2016, and allowed for full retrospective adoption of prior period data or a modified retrospective adoption. Early adoption was not permitted. In August 2015, the FASB issued an accounting standard update to delay the effective date of the </font><font style='font-family:Times New Roman;font-size:10pt;' >new revenue standard by one year, or, in other words, to be effective for annual and interim periods beginning after December 15, 2017. Entities were permitted to adopt the new revenue standard early but not before the original effective date. During 201</font><font style='font-family:Times New Roman;font-size:10pt;' >6 and 2017, the FASB issued a series of accounting standard updates to clarify and expand on the implementation guidance, including principal versus agent considerations, identification of performance obligations, licensing, other technical corrections and</font><font style='font-family:Times New Roman;font-size:10pt;' > adding certain practical expedients. The amendments in these 2016 and 2017 updates did not change the core principles of the guidance previously issued in May 2014.</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;' >As part of the Company’s impact assessment for the implementation of the new revenue reco</font><font style='font-family:Times New Roman;font-size:10pt;' >gnition guidance, the Company reviewed its historical accounting policies and practices to identify potential differences with the requirements of the new revenue recognition standard as it related to the Company’s contracts and sales arrangements. In add</font><font style='font-family:Times New Roman;font-size:10pt;' >ition, the impact assessment and work performed included global and cross functional interviews and questionnaires, sales agreement and other sales document reviews, as well as technical considerations for the Company’s future transactional accounting, fin</font><font style='font-family:Times New Roman;font-size:10pt;' >ancial reporting and disclosure requirements. The Company has also progressed its assessment of how the new revenue recognition guidance may impact Houghton, as it pertains to the pending Combination.</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;' >The Company adopted the guidance in the first quarter </font><font style='font-family:Times New Roman;font-size:10pt;' >of 2018 as required, electing to use a modified retrospective adoption approach applied to those contracts which were not completed as of January 1, 2018. Comparative information has not been restated and continues to be reported under the accounting stan</font><font style='font-family:Times New Roman;font-size:10pt;' >dards in effect for those periods. In addition, the Company elected to apply certain of the permitted practical expedients within the revenue recognition guidance and make certain accounting policy elections including those related to significant financin</font><font style='font-family:Times New Roman;font-size:10pt;' >g components, sales taxes and shipping and handling activities. </font><font style='font-family:Times New Roman;font-size:10pt;' >Adoption of the revenue recognition guidance did not have a material impact on the Company’s reported earnings or cash flows, however, adoption did increase the amount and level of disclosure</font><font style='font-family:Times New Roman;font-size:10pt;' >s concerning the Company’s net sales and did result in one adjustment to the Company’s balance sheet. As a result of the Company’s impact assessment and adoption using the modified retrospective adoption approach, the Company recorded an adjustment to its</font><font style='font-family:Times New Roman;font-size:10pt;' > Condensed Consolidated Balance Sheet as of December 31, 2017 to adjust the Company’s estimate of variable consideration relating to customers’ expected rights to return product. This adjustment resulted in an increase to other current liabilities of $1.0</font><font style='font-family:Times New Roman;font-size:10pt;' > million, an increase to non-current deferred tax assets of $0.2 million and a decrease to retained earnings of $0.8 million. There were no other impacts recorded as a result of adopting the revenue recognition guidance. The impact of adoption of the new</font><font style='font-family:Times New Roman;font-size:10pt;' > revenue recognition guidance was immaterial for the three and nine months ended September 30, 2018 and the Company expects the impact to be immaterial on an ongoing basis.</font><font style='font-family:Times New Roman;font-size:10pt;' > See Note 4 of Notes to Condensed Consolidated Financial Statements.</font></p></div> | ||
CY2017Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
212918000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
609010000 | USD | |
CY2017Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
25690000 | USD |
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000081362 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | ||
dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | ||
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
608000 | USD | |
CY2017Q2 | us-gaap |
Defined Benefit Plan Explanation Of Significant Change In Benefit Obligation Or Plan Assets Not Apparent From Other Required Disclosures
DefinedBenefitPlanExplanationOfSignificantChangeInBenefitObligationOrPlanAssetsNotApparentFromOtherRequiredDisclosures
|
During the second quarter of 2017, one of the Company’s U.S. pension plans offered a cash settlement to its vested terminated participants which allowed them to receive the value of their pension benefits as a single lump sum payment. As payments from the U.S. pension plan for this cash-out offering exceeded the service and interest cost components of the U.S. pension plan expense for 2017, the Company recorded a settlement charge of approximately $1.9 million. This settlement charge represents the immediate recognition into expense of a portion of the unrecognized loss within AOCI on the balance sheet in proportion to the share of the projected benefit obligation that was settled by these payments. | |
CY2018Q3 | kwr |
Unrecognized Tax Benefits Income Tax Penalties Income
UnrecognizedTaxBenefitsIncomeTaxPenaltiesIncome
|
200000 | USD |
CY2017Q3 | kwr |
Unrecognized Tax Benefits Interest Income On Income Taxes
UnrecognizedTaxBenefitsInterestIncomeOnIncomeTaxes
|
100000 | USD |
us-gaap |
Loss Contingency Settlement Agreement Terms
LossContingencySettlementAgreementTerms
|
The Company has restricted cash recorded in other assets related to proceeds from an inactive subsidiary of the Company which previously executed separate settlement and release agreements with two of its insurance carriers for an original total value of $35.0 million. The proceeds of both settlements are restricted and can only be used to pay claims and costs of defense associated with the subsidiary’s asbestos litigation | ||
CY2017Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
200000 | USD |
us-gaap |
Property Plant And Equipment Additional Disclosures
PropertyPlantAndEquipmentAdditionalDisclosures
|
Gain on fixed asset disposals, net, during the nine months ended September 30, 2018 includes a $0.6 million gain on the sale of a held-for-sale asset. | ||
us-gaap |
Foreign Currency Transactions Description
ForeignCurrencyTransactionsDescription
|
In addition, foreign exchange (losses) gains, net, during the three and nine months ended September 30, 2018 include both a foreign currency transaction loss of approximately $0.5 million related to hyper-inflationary accounting for the Company’s Argentina subsidiary effective July 1, 2018 and a foreign currency transaction gain of approximately $0.4 million related to the liquidation of an inactive legal entity. | ||
CY2017Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
27600000 | USD |
us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Description Of Priorperiod Information Retrospectively Adjusted
NewAccountingPronouncementOrChangeInAccountingPrincipleDescriptionOfPriorperiodInformationRetrospectivelyAdjusted
|
Adoption of the revenue recognition guidance did not have a material impact on the Company’s reported earnings or cash flows, however, adoption did increase the amount and level of disclosures concerning the Company’s net sales and did result in one adjustment to the Company’s balance sheet. As a result of the Company’s impact assessment and adoption using the modified retrospective adoption approach, the Company recorded an adjustment to its Condensed Consolidated Balance Sheet as of December 31, 2017 to adjust the Company’s estimate of variable consideration relating to customers’ expected rights to return product. This adjustment resulted in an increase to other current liabilities of $1.0 million, an increase to non-current deferred tax assets of $0.2 million and a decrease to retained earnings of $0.8 million. There were no other impacts recorded as a result of adopting the revenue recognition guidance. The impact of adoption of the new revenue recognition guidance was immaterial for the three and nine months ended September 30, 2018 and the Company expects the impact to be immaterial on an ongoing basis. | ||
CY2018Q3 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
0 | USD |
CY2017Q3 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
0 | USD |
kwr |
Currency Conversion Impacts Of Hyper Inflationary Accounting
CurrencyConversionImpactsOfHyperInflationaryAccounting
|
During the three and nine months ended September 30, 2018, the Company recorded $0.5 million and $0.8 million of remeasurement losses associated with the applicable currency conversions related to Venezuela and Argentina. | ||
kwr |
Currency Conversion Impacts Of Hyper Inflationary Accounting
CurrencyConversionImpactsOfHyperInflationaryAccounting
|
During the three and nine months ended September 30, 2017, the Company recorded less than $0.1 million and $0.4 million of remeasurement losses related to Venezuela. | ||
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
0 | USD | |
CY2018Q3 | kwr |
Inflationary Percentage
InflationaryPercentage
|
1 | pure |
kwr |
Ustaxreformact
Ustaxreformact
|
The Company’s tax adjustments associated with U.S. Tax Reform during the three and nine months ended September 30, 2018, included adjustments to decrease its initial estimate of the one-time deemed repatriation of undistributed earnings on previously untaxed accumulated and current earnings and profits of certain of the Company’s foreign subsidiaries (“Transition Tax”), specifically related to proposed regulations published by the Internal Revenue Service (“IRS”), the U.S Treasury and various state taxing authorities, as well as an increase to its initial estimate of the impact from internal revenue code changes associated with the deductibility of certain executive compensation. To date, the Company has not made any other significant changes to its initial assessments made during the fourth quarter of 2017. As previously disclosed in its Annual Report filed on Form 10-K for the year ended December 31, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as U.S. Tax Reform on December 22, 2017. U.S. Tax Reform includes multiple changes to the U.S. tax code with varying effects on the Company’s results for the three and nine months ended September 30, 2018. The SEC staff issued guidance on accounting for the tax effects of U.S. Tax Reform and provided a one-year measurement period for companies to complete the accounting. Companies are required to reflect the income tax effects of those aspects of U.S. Tax Reform for which the accounting is complete. To the extent that a company’s accounting for certain income tax effects of U.S. Tax Reform are incomplete but the company is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. The Company has made reasonable interpretations and assumptions with regard to various uncertainties and ambiguities in the application of certain provisions of U.S. Tax Reform. The Company is continuing to evaluate all of the provisions of U.S. Tax Reform and expects to finalize its assessment during the one-year measurement period provided by the SEC to complete the accounting for U.S. Tax Reform. It is possible that the IRS or the U.S. Department of the Treasury could issue subsequent guidance or take positions on audit that differ from the Company’s interpretations and assumptions. |