2019 Q4 Form 10-Q Financial Statement

#000008136219000017 Filed on November 12, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $391.3M $325.1M $211.5M
YoY Change 85.03% 46.44% 0.19%
Cost Of Revenue $255.2M $220.1M $136.6M
YoY Change 86.82% 56.16% -0.36%
Gross Profit $136.1M $105.1M $74.84M
YoY Change 81.9% 29.55% 1.14%
Gross Profit Margin 34.79% 32.31% 35.39%
Selling, General & Admin $101.5M $80.81M $50.50M
YoY Change 100.99% 51.7% 0.8%
% of Gross Profit 74.56% 76.92% 67.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.00M $17.80M $4.800M
YoY Change 337.5% 263.27% -4.0%
% of Gross Profit 15.43% 16.94% 6.41%
Operating Expenses $101.5M $80.81M $50.50M
YoY Change 100.99% 51.7% 1.0%
Operating Profit $20.28M -$14.50M $20.07M
YoY Change 1.04% -158.2% 17.54%
Interest Expense -$9.100M $6.553M -$600.0K
YoY Change 1416.67% 333.97% 0.0%
% of Operating Profit -44.88% -2.99%
Other Income/Expense, Net $0.00 $203.0K -$200.0K
YoY Change -100.0% -138.81% -140.0%
Pretax Income $11.00M -$20.40M $19.20M
YoY Change -42.71% -187.16% 14.29%
Income Tax -$2.000M -$5.633M $3.600M
% Of Pretax Income -18.18% 18.75%
Net Earnings $15.24M -$13.05M $7.805M
YoY Change 95.26% -166.29% -179.95%
Net Earnings / Revenue 3.89% -4.01% 3.69%
Basic Earnings Per Share $0.86 -$0.80 $0.59
Diluted Earnings Per Share $0.86 -$0.80 $0.58
COMMON SHARES
Basic Shares Outstanding 17.73M shares 16.19M shares
Diluted Shares Outstanding 16.19M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.5M $128.2M $104.1M
YoY Change 18.64% 28.46% 15.8%
Cash & Equivalents $123.5M $128.2M $104.1M
Short-Term Investments
Other Short-Term Assets $41.50M $51.30M $18.10M
YoY Change 129.28% 194.83% -14.22%
Inventory $175.0M $174.4M $94.09M
Prepaid Expenses
Receivables $376.0M $370.7M $202.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $716.0M $724.6M $418.5M
YoY Change 71.08% 69.32% 2.93%
LONG-TERM ASSETS
Property, Plant & Equipment $213.5M $204.1M $83.92M
YoY Change 154.36% 148.44% -3.21%
Goodwill $607.2M $557.3M $83.33M
YoY Change 628.65% 565.9% -3.14%
Intangibles $1.365B $1.307B $64.68M
YoY Change 2010.12% 1850.62% -11.03%
Long-Term Investments $93.82M $91.94M $21.32M
YoY Change 340.15% 309.14% -17.03%
Other Assets $40.43M $43.31M $32.06M
YoY Change 26.14% 35.08% 6.68%
Total Long-Term Assets $2.134B $2.000B $291.2M
YoY Change 633.06% 563.61% -7.73%
TOTAL ASSETS
Total Short-Term Assets $716.0M $724.6M $418.5M
Total Long-Term Assets $2.134B $2.000B $291.2M
Total Assets $2.850B $2.724B $709.7M
YoY Change 301.64% 273.58% -1.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.1M $173.7M $87.82M
YoY Change 86.86% 80.86% -5.58%
Accrued Expenses $83.61M $70.10M $31.11M
YoY Change 168.76% 190.87% 13.86%
Deferred Revenue $5.554M $2.187M
YoY Change 153.96%
Short-Term Debt $38.33M $0.00 $670.0K
YoY Change 5621.19%
Long-Term Debt Due $38.30M $36.50M $700.0K
YoY Change 5371.43% 540.35% -87.72%
Total Short-Term Liabilities $359.9M $345.8M $151.5M
YoY Change 137.63% 119.8% -2.12%
LONG-TERM LIABILITIES
Long-Term Debt $882.4M $826.5M $35.93M
YoY Change 2355.72% 1663.21% -41.16%
Other Long-Term Liabilities $66.38M $111.9M $43.53M
YoY Change 52.51% 34.88% -15.47%
Total Long-Term Liabilities $948.8M $938.4M $79.46M
YoY Change 1094.04% 622.92% -29.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $359.9M $345.8M $151.5M
Total Long-Term Liabilities $948.8M $938.4M $79.46M
Total Liabilities $1.608B $1.521B $273.3M
YoY Change 488.35% 412.74% -12.55%
SHAREHOLDERS EQUITY
Retained Earnings $413.0M $404.6M $405.1M
YoY Change 1.94% 0.58% 10.71%
Common Stock $906.0M $903.5M $110.6M
YoY Change 718.81% 725.45% 3.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.241B $1.202B $435.1M
YoY Change
Total Liabilities & Shareholders Equity $2.850B $2.724B $709.7M
YoY Change 301.64% 273.58% -1.73%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $15.24M -$13.05M $7.805M
YoY Change 95.26% -166.29% -179.95%
Depreciation, Depletion And Amortization $21.00M $17.80M $4.800M
YoY Change 337.5% 263.27% -4.0%
Cash From Operating Activities $46.90M $13.10M $27.90M
YoY Change 68.1% -58.01% 16.25%
INVESTING ACTIVITIES
Capital Expenditures -$5.400M -$4.600M -$4.100M
YoY Change 31.71% 43.75% 41.38%
Acquisitions
YoY Change
Other Investing Activities -$95.30M -$797.5M $100.0K
YoY Change -95400.0% -398850.0% -93.75%
Cash From Investing Activities -$100.7M -$802.1M -$4.000M
YoY Change 2417.5% 26636.67% 207.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 45.70M 833.7M -19.90M
YoY Change -329.65% -5343.4% -53.4%
NET CHANGE
Cash From Operating Activities 46.90M 13.10M 27.90M
Cash From Investing Activities -100.7M -802.1M -4.000M
Cash From Financing Activities 45.70M 833.7M -19.90M
Net Change In Cash -8.100M 44.70M 4.000M
YoY Change -302.5% 263.41% -120.0%
FREE CASH FLOW
Cash From Operating Activities $46.90M $13.10M $27.90M
Capital Expenditures -$5.400M -$4.600M -$4.100M
Free Cash Flow $52.30M $17.70M $32.00M
YoY Change 63.44% -48.55% 18.96%

Facts In Submission

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us-gaap Payments Of Dividends Minority Interest
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834000 USD
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798364000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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24035000 USD
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9354000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124425000 USD
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111050000 USD
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148460000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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120404000 USD
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1 pure
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10747000 USD
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69683000 USD
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1368000 USD
us-gaap Business Combination Separately Recognized Transactions Description
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On August 1, 2019, the Company completed the Combination with Houghton, whereby the Company acquired all of the issued and outstanding shares of Houghton from Gulf Houghton Lubricants, Ltd. and certain other selling shareholders in exchange for a combination of cash and shares of the Company’s common stock in accordance with the share purchase agreement dated April 4, 2017. Houghton is a leading global provider of specialty chemicals and technical services for metalworking and other industrial applications. Combining Quaker and Houghton’s product and service offerings will allow Quaker Houghton to better serve its customers in its various end markets. The Combination was subject to certain regulatory and shareholder approvals. At a shareholder meeting held during 2017, the Company’s shareholders approved the issuance of new shares of the Company’s common stock at closing of the Combination. Also in 2017, the Company received regulatory approvals for the Combination from China and Australia. The Company received regulatory approvals from the European Commission (“EC”) during the second quarter of 2019 and the U.S. Federal Trade Commission (“FTC”) in July 2019. The approvals from the FTC and the EC required the concurrent divestiture of certain steel and aluminum related product lines of Houghton, which were sold by Houghton on August 1, 2019 for approximately $37 million in cash. The final remedy agreed with the EC and the FTC was consistent with the Company’s previous expectation that the total divested product lines would be approximately 3% of the combined company’s net sales.
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170829000 USD
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789080000 USD
us-gaap Business Combination Consideration Transferred1
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1662465000 USD
us-gaap Business Acquisition Equity Interest Issued Or Issuable Description
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Amount was determined based on 4.3 million shares, comprising 24.5% of the common stock of the Company at closing, and the closing price per share of Quaker Chemical Corporation common stock of $182.27 on August 1, 2019.
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179745000 USD
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95193000 USD
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11373000 USD
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8703000 USD
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125099000 USD
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1022500000 USD
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483921000 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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2084153000 USD
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9297000 USD
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152829000 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities Current
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213779000 USD
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6655000 USD
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39128000 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
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421688000 USD
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1662465000 USD
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75821000 USD
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789080000 USD
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797564000 USD
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1022500000 USD
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483900000 USD
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BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
119500000 USD
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386396000 USD
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417460000 USD
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1170981000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1255242000 USD
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22491000 USD
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28459000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
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70533000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
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41322000 USD
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15100000 USD
us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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25900000 USD
CY2018Q3 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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3800000 USD
us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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14400000 USD
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6800000 USD
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8200000 USD
us-gaap Subsequent Event Description
SubsequentEventDescription
On October 1, 2019, the Company completed its acquisition of the operating divisions of Norman Hay plc, a private U.K. company that provides specialty chemicals, operating equipment, and services to industrial end markets, for a purchase price of 80.0 million GBP or approximately $98 million, subject to certain normal and routine post-closing adjustments. The results of operations of the acquired operating divisions of Norman Hay plc are not included in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2019, because the date of closing was after September 30, 2019. Transaction expenses associated with this acquisition that were incurred during the three and nine months ended September 30, 2019 are included in Combination and other acquisition-related expenses in the Company’s Condensed Consolidated Statements of Operations. A preliminary purchase price allocation of assets acquired and liabilities assumed has not been presented as that information is not available as of the date of these Condensed Consolidated Financial Statements.
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<p style="margin-top: 0; line-height: 115.00%; margin-bottom: 6.00pt; text-align: left"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Note 3 – Recently Issued Accounting Standards</span></p><p style="margin-top: 6.00pt; margin-bottom: 6.00pt; text-indent: 0.13in; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">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 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 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 guidance and is currently evaluating its implementation.</span></p><p style="margin-top: 6.00pt; margin-bottom: 6.00pt; text-indent: 0.13in; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The FASB also 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 generally 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 standard update is effective for annual periods beginning after December 15, 2019 and may be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. Early adoption is permitted. The Company has not early adopted the guidance and is currently evaluating its implementation.</span></p><p style="margin-top: 6.00pt; margin-bottom: 6.00pt; text-indent: 0.13in; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The FASB issued an additional accounting standard update in August 2018 that modifies certain disclosure requirements for fair value measurements. The guidance removes certain disclosure requirements regarding transfers between levels of the fair value hierarchy as well as certain disclosures related to the valuation processes for certain fair value measurements. Further, the guidance added certain disclosure requirements including unrealized gains and losses and significant 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 may be applied prospectively in the initial year of adoption or retrospectively 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.</span></p><p style="margin-top: 5.00pt; margin-bottom: 5.00pt; text-indent: 0.13in; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The FASB issued an accounting standard update in February 2018 that allows a reclassification from accumulated other comprehensive (loss) income (“AOCI”) to retained earnings for stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act (“U.S. Tax Reform”) enacted in December 2017. The guidance within this accounting standard update is effective for annual and interim periods beginning after December 15, 2018, and may be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in U.S. Tax Reform is recognized. Early adoption was permitted. The Company adopted this guidance in the first quarter of 2019, as required, but elected not to reclassify any stranded tax effects resulting from U.S. Tax Reform, therefore adoption of this guidance did not have any impact on its financial statements.</span></p><p style="margin-top: 6.00pt; margin-bottom: 6.00pt; text-indent: 0.13in; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The FASB issued an accounting standard update in June 2016 related to the accounting for and disclosure of credit losses. In May 2019, the FASB issued an accounting standard update to provide targeted transition relief to increase comparability of financial statements. The guidance introduces a new model for recognizing credit losses on financial instruments, including customer accounts receivable, based on an estimate of current expected credit losses. The guidance within this accounting standard update is effective for annual and interim periods beginning after December 15, 2019, and aspects of the guidance which may be applicable to the Company should be applied on a modified retrospective basis. Early adoption is permitted. The Company has not early adopted the guidance and is currently evaluating its implementation.</span></p><p style="margin-top: 6.00pt; margin-bottom: 6.00pt; text-indent: 0.13in; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The FASB issued an accounting standard update in February 2016 regarding the accounting and disclosure for leases. During 2018 and 2019, the FASB issued a series of accounting standard updates to clarify and expand on the original 2016 implementation guidance, including providing an accounting policy election for lessors, certain targeted improvements around comparative reporting requirements and accounting for lease and non-lease components by lessors as well as other technical corrections and improvements. The amendments in these 2018 and 2019 updates did not change the core principles of the guidance previously issued in February 2016. The guidance within all of the leasing accounting standard updates were effective for annual and interim periods beginning after December 15, 2018, and should have been applied on a modified retrospective basis, applying the transition requirements either (a) at the beginning of the earliest period presented in the financial statements in the year of adoption (January 1, 2017) or (b) in the period of adoption (January 1, 2019). Early adoption was permitted. </span></p><p style="margin-top: 6.00pt; margin-bottom: 6.00pt; text-indent: 0.13in; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">As part of the Company’s implementation planning and its impact assessment related to the new lease accounting guidance, the Company developed a detailed project plan, identified and established a cross-functional implementation team and developed pre-adoption internal controls. In addition, the Company gathered an inventory of the Company’s outstanding leases globally, performed certain review procedures to ensure completeness of its lease population and abstracted required information from its lease population for inclusion within the Company’s leasing software. The Company performed similar implementation planning and impact assessment procedures as it relates to Houghton. </span></p><p style="margin-top: 6.00pt; margin-bottom: 6.00pt; text-indent: 0.13in; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">For legacy Quaker, the Company adopted the guidance in the first quarter of 2019, as required, electing to use a modified retrospective transition approach and applied transition requirements as of January 1, 2019, as permitted. Subsequent to the acquisition of Houghton, previously a private company, the Company adopted the guidance and elected to use a modified retrospective transition approach and applied transition requirements as of August 1, 2019. Comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. In addition, the Company elected to apply certain of the permitted transition practical expedients within the new lease accounting related to lease identification, lease classification, and initial direct costs. The Company made certain accounting policy elections as a result of adopting the new lease accounting guidance, which include not separating lease and non-lease components, applying a portfolio approach in the development of the Company’s discount rates, applying the short-term lease exemption and establishing a capitalization threshold policy.</span></p><p style="margin-top: 6.00pt; margin-bottom: 6.00pt; text-indent: 0.13in; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Adoption of the lease accounting guidance did not have a material impact on the Company’s reported earnings or cash flows, however, adoption did result in a material impact to the Company’s balance sheet to establish the right of use lease assets and associated lease liabilities. </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">As of January 1, 2019, legacy Quaker recorded a cumulative effect of an accounting change that resulted in an increase to its right of use lease assets of $27.3 million, an increase of $5.3 million of short-term lease liabilities and $21.4 million of long-term lease liabilities, a decrease in property, plant and equipment, net of $1.1 million, a decrease in other current liabilities of $0.4 million and a decrease to retained earnings of less than $0.1 million. The cumulative effect of an accounting change related to Houghton as of August 1, 2019 resulted in an increase to its right of use lease assets of $10.7 million, and an increase of $4.1 million of short-term lease liabilities and approximately $6.6 million of long-term lease liabilities. See Note 6 of Notes to Condensed Consolidated Financial Statements.</span></p>
us-gaap New Accounting Pronouncement Or Change In Accounting Principle Description Of Financial Statement Line Items Prospective Transition
NewAccountingPronouncementOrChangeInAccountingPrincipleDescriptionOfFinancialStatementLineItemsProspectiveTransition
As of January 1, 2019, legacy Quaker recorded a cumulative effect of an accounting change that resulted in an increase to its right of use lease assets of $27.3 million, an increase of $5.3 million of short-term lease liabilities and $21.4 million of long-term lease liabilities, a decrease in property, plant and equipment, net of $1.1 million, a decrease in other current liabilities of $0.4 million and a decrease to retained earnings of less than $0.1 million. The cumulative effect of an accounting change related to Houghton as of August 1, 2019 resulted in an increase to its right of use lease assets of $10.7 million, and an increase of $4.1 million of short-term lease liabilities and approximately $6.6 million of long-term lease liabilities.
CY2018Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1930000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
12770000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
5673000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
325130000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222022000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
742209000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
656039000 USD
CY2019Q3 kwr Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
72637000 USD
CY2018Q3 kwr Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
51817000 USD
kwr Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
164942000 USD
kwr Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
148834000 USD
CY2019Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
14702000 USD
CY2018Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2904000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
23789000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
12404000 USD
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
24045000 USD
CY2018Q3 us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
24045000 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2019Q3 kwr Fair Value Step Up Of Houghton Inventory Sold
FairValueStepUpOfHoughtonInventorySold
-10214000 USD
CY2018Q3 kwr Fair Value Step Up Of Houghton Inventory Sold
FairValueStepUpOfHoughtonInventorySold
0 USD
kwr Fair Value Step Up Of Houghton Inventory Sold
FairValueStepUpOfHoughtonInventorySold
-10214000 USD
kwr Fair Value Step Up Of Houghton Inventory Sold
FairValueStepUpOfHoughtonInventorySold
0 USD
CY2019Q3 kwr Nonoperating Charges
NonoperatingCharges
29123000 USD
CY2018Q3 kwr Nonoperating Charges
NonoperatingCharges
22064000 USD
kwr Nonoperating Charges
NonoperatingCharges
68266000 USD
kwr Nonoperating Charges
NonoperatingCharges
63044000 USD
CY2019Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
9055000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-14502000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
24919000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
25858000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
67713000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
203000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-523000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-389000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-631000 USD
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6102000 USD
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-989000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7611000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3223000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-20401000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
23407000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
17858000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
63859000 USD
CY2019Q3 kwr Net Reporting Amount
NetReportingAmount
13600000 USD
kwr Net Reporting Amount
NetReportingAmount
34400000 USD
CY2018Q3 kwr Net Reporting Amount
NetReportingAmount
11700000 USD
kwr Net Reporting Amount
NetReportingAmount
35800000 USD
CY2019Q3 us-gaap Deferred Revenue
DeferredRevenue
2400000 USD
CY2018Q4 us-gaap Deferred Revenue
DeferredRevenue
1300000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1300000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
325130000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
325130000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222022000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222022000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
742209000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
742209000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
656039000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
656039000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2500000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
6000000.0 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
500000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
800000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
0 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
0 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
5900000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1400000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33789000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9056000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
24259000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
33315000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0431 pure
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2713000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9845000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7892000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4943000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3358000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8642000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
37393000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4078000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
33315000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
7068000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
5635000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4509000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3523000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2659000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
7779000 USD
us-gaap Restructuring And Related Cost Description
RestructuringAndRelatedCostDescription
The QH Program will include restructuring and associated severance costs to reduce total headcount by approximately 275 people globally and plans for the closure of certain manufacturing and non-manufacturing facilities. The exact timing and total costs associated with the QH Program will depend on a number of factors and is subject to change, however, the Company currently expects reduction in headcount and site closures to occur over the next two years under the QH Program and estimates that total costs related to the QH Program will approximate one-time the anticipated cost synergies realized. Employee separation benefits will vary depending on local regulations within certain foreign countries and will include severance and other benefits.
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
216000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
203000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-523000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-389000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-631000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
us-gaap Restructuring Charges
RestructuringCharges
24045000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
-4645000 USD
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-80000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
19320000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1370000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3042000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2847000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
51610 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0112 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2629 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0152 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
kwr Pensiontabletextblock
Pensiontabletextblock
<table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 22%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="11" style="vertical-align: bottom; width: 38%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Three Months Ended September 30,</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="11" style="vertical-align: bottom; width: 38%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Nine Months Ended September 30,</span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 22%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 18%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Other</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 18%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Other</span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 22%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 18%; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Postretirement</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 18%; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Postretirement</span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 22%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 18%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Pension Benefits</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 18%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Benefits</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 18%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Pension Benefits</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 18%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Benefits</span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 22%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2019</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2018</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2019</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2018</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2019</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2018</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2019</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2018</span></p></td></tr><tr style="height: 0.09in"><td colspan="2" style="vertical-align: bottom; width: 24%; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Service cost</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">993</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">938</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">2</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">2,956</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">2,886</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">5</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">5</span></p></td></tr><tr style="height: 0.09in"><td colspan="2" style="vertical-align: bottom; width: 24%; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Interest cost</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1,852</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1,015</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">36</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">31</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">4,068</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">3,096</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">107</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">97</span></p></td></tr><tr style="height: 0.09in"><td colspan="2" style="vertical-align: bottom; width: 24%; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Expected return on plan assets</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">2,140)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1,229)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">4,102)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">3,793)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td></tr><tr style="height: 0.09in"><td colspan="2" style="vertical-align: bottom; width: 24%; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Actuarial loss amortization</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">799</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">782</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">2</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">2,348</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">2,375</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">31</span></p></td></tr><tr style="height: 0.09in"><td colspan="2" style="vertical-align: bottom; width: 24%; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Prior service cost amortization</span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">34)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">28)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">117)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">88)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; background: #B9E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B9E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td></tr><tr style="height: 0.09in"><td colspan="2" style="vertical-align: bottom; width: 24%; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Net periodic benefit cost</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1,470</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1,478</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">38</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">33</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">5,153</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">4,476</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">112</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">133</span></p></td></tr></table>
kwr Definedbenefitplandescriptionofnatureofeventresultingincontractualterminationbenefitstoberecognizedinfutureperiod
Definedbenefitplandescriptionofnatureofeventresultingincontractualterminationbenefitstoberecognizedinfutureperiod
The Company previously disclosed in its Annual Report filed on Form 10-K, as amended by Form 10-K/A, for the year ended December 31, 2018 that the Company began the process of terminating Quaker’s primary non-contributory U.S. pension plan (the “U.S. Pension Plan”) during the fourth quarter of 2018. As part of this process, and considering the fully funded status of the U.S. Pension Plan, the asset allocation of the U.S. Pension Plan was adjusted modeling a glide path that is more heavily allocated to fixed income securities with lengthened durations to match the projected liabilities. As a result, the expected return on plan assets declined during the three and nine months ended September 30, 2019 compared to the three and nine months ended September 30, 2018. In order to terminate the U.S. Pension Plan in accordance with Internal Revenue Service (“I.R.S.”) and Pension Benefit Guaranty Corporation requirements, the Company will be required to fully fund the U.S. Pension Plan on a termination basis and will commit to contribute additional assets if necessary, to do so. The amount necessary to do so is not yet known but is currently estimated to be between $0 and $10 million. In addition, the Company expects to record a non-cash pension settlement charge at plan termination. This settlement charge will include the immediate recognition into expense of the related unrecognized losses within AOCI on the balance sheet as of the plan termination date. The Company does not have a current estimate for this future settlement charge, however, the gross AOCI related to the U.S. Pension Plan was approximately $18.5 million as of September 30, 2019. During the third quarter of 2019, the Company received a favorable termination determination letter from the I.R.S. and has amended the Plan to comply with final regulations of the Internal Revenue Code. The Company currently estimates that the U.S. Pension Plan termination will be completed during 2020.
CY2018Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsCurrentFiscalYear
6000000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
4000000 USD
CY2018Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
137000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
228000 USD
us-gaap Multiemployer Plans Business Combination Or Divestiture Description
MultiemployerPlansBusinessCombinationOrDivestitureDescription
In connection with the Combination, the Company now contributes to a multiemployer defined benefit pension plan under terms of a collective bargaining union contract (the Cleveland Bakers and Teamsters Pension Fund). The expiration date of the collective bargaining contract is May 1, 2022. As of January 1, 2018, the last valuation date available for the multiemployer plan, total plan liabilities were approximately $592 million. As of December 31, 2018, the multiemployer pension plan had total plan assets of approximately $315 million. The Company’s contribution rate to the multiemployer pension plan is specified in the collectivebargaining union contract and contributions are made to the plan based on its union employee payroll. The Company contributed less than $0.1 million during the three and nine months ended September 30, 2019. While the Company may also have additional liabilities imposed by law as a result of its participation in the multiemployer defined benefit pension plan, there is no liability as of September 30, 2019. The Employee Retirement Income Security Act of 1974, as amended by the Multi-Employer Pension Plan Amendments Act of 1980, imposes certain contingent liabilities upon an employer who is a contributor to a multiemployer pension plan if the employer withdraws from the plan or the plan is terminated or experiences a mass withdrawal.
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
242000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
144000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
655000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
583000 USD
CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
376000 USD
CY2018Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-285000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-5000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-1007000 USD
CY2019Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
72000 USD
CY2018Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
81000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
111000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
680000 USD
CY2019Q3 kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
82000 USD
CY2018Q3 kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
127000 USD
kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
1047000 USD
kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
668000 USD
CY2019Q3 kwr Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
513000 USD
CY2018Q3 kwr Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
568000 USD
kwr Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
2304000 USD
kwr Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
1713000 USD
CY2019Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
113000 USD
CY2018Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
115000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
335000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
374000 USD
CY2019Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
169000 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 an available-for-sale asset related to the Combination.
us-gaap Foreign Currency Transactions Description
ForeignCurrencyTransactionsDescription
Foreign exchange gains (losses), net during the three and nine months ended September 30, 2018 include a foreign currency transaction gain of approximately $0.4 million related to the liquidation of an inactive legal entity. In addition, foreign exchange gains (losses), net, in all periods includes losses related to hyper-inflationary accounting with respect to the Company’s Argentine subsidiaries.
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.276 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.229 pure
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.212 pure
CY2019Q3 kwr Statutory Tax Rate
StatutoryTaxRate
0.15 pure
CY2018Q3 kwr Statutory Tax Rate
StatutoryTaxRate
0.25 pure
kwr Ustaxreformact
Ustaxreformact
As previously disclosed in its Annual Report filed on Form 10-K, as amended by Form 10-K/A, for the year ended December 31, 2018, the Company recognized a deferred tax liability of $7.9 million in the fourth quarter of 2018 related to the Company’s estimate of non-U.S. taxes it will incur when distributing the unremitted earnings of certain foreign subsidiaries. The Company incurred withholding cash tax payments related to the repatriation of a portion of these foreign earnings during the first nine months of 2019 and reduced this deferred tax liability by approximately $3.6 million. The deferred tax liability on unremitted earnings as of September 30, 2019 is $11.7 million, which reflects an increase as a result of recording a $8.1 million deferred tax liability on certain foreign unremitted earnings assumed in connection with the Combination.
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13400000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7100000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
100000 USD
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
400000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
100000 USD
CY2018Q3 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 kwr Unrecognized Tax Benefits Income Tax Penalties Income
UnrecognizedTaxBenefitsIncomeTaxPenaltiesIncome
200000 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
100000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1900000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
2400000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
600000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
800000 USD
CY2019Q3 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
1500000 USD
CY2018Q3 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
700000 USD
us-gaap Other Information Pertaining To Income Taxes
OtherInformationPertainingToIncomeTaxes
As a result of the closing of the Combination and subsequent purchase accounting, as described in Note 2 of Notes to Condensed Consolidated Financial Statements, the Company has recorded initial estimates for certain acquired tax assets and liabilities. These initial estimates included: (i) deferred tax liabilities of approximately $187 million related to the fair value step-up for certain intangible assets, property, plant and equipment, and inventory; (ii) deferred tax assets of approximately $38 million related to foreign tax credit carry-forwards, net of applicable valuation allowances related to these foreign tax credit carry-forwards to reflect the forecasted expiration of unutilized credits; (iii) deferred tax liabilities of approximately $8 million related to non-U.S. taxes it will incur when distributing unremitted foreign earnings of certain Houghton subsidiaries; (iv) deferred tax liabilities of approximately $8 million related to the Company’s outside basis difference in its Korean joint venture and (v) as it relates to uncertain tax positions, an approximately $12 million reserve primarily related to the deductibility of expenses at certain Houghton subsidiaries.
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-13053000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
19690000 USD
us-gaap Net Income Loss
NetIncomeLoss
16382000 USD
us-gaap Net Income Loss
NetIncomeLoss
51668000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-46000 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
77000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
40000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
226000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13007000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19613000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16342000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51442000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16185724 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13278259 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14271121 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13263417 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.88
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-13053000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
19690000 USD
us-gaap Net Income Loss
NetIncomeLoss
16382000 USD
us-gaap Net Income Loss
NetIncomeLoss
51668000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-46000 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
77000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
40000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
226000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-13007000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19613000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
16342000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
51442000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16185724 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13278259 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14271121 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13263417 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
37282 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
33928 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16185724 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13315541 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14313971 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13297345 shares
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.87
us-gaap Earnings Per Share Reconciliation Disclosure
EarningsPerShareReconciliationDisclosure
The Company’s calculation of (loss) earnings per diluted share attributable to Quaker Chemical Corporation common shareholders for the three and nine months ended September 30, 2019 was impacted by the 4.3 million share issuance in connection with closing the Combination, comprising approximately 24.5% of the common stock of the Company as of September 30, 2019, as well as the variability of its reported earnings. Therefore, the per diluted share result for each of the first three quarters of 2019, as reported on a standalone basis, may not sum to the per diluted share result for the nine months ended September 30, 2019 .
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1905 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
718 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3480 shares
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-9931000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
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. The proceeds of the settlement and release agreements have been deposited into interest bearing accounts that earned $0.2 million in the nine months ended September 30, 2019 compared to $0.1 in the nine months ended September 30, 2018. The interest was offset by $0.6 million of payments during the nine months ended September 30, 2019 compared to $0.7 million in the nine months ended September 30, 2018. Due to the restricted nature of the proceeds, a corresponding deferred credit was established in other non-current liabilities for an equal and offsetting amount, and will remain until the restrictions lapse or the funds are exhausted via payments of claims and costs of defense
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
128161000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
99810000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
104147000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89879000 USD
CY2019Q3 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
460000 USD
CY2018Q3 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
0 USD
CY2018Q4 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
0 USD
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
19839000 USD
CY2018Q3 us-gaap Restricted Cash
RestrictedCash
20594000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
20278000 USD
CY2017Q4 us-gaap Restricted Cash
RestrictedCash
21171000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148460000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120404000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124425000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
111050000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
83333000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
483921000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
826503000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
557323000 USD
CY2018Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
1100000 USD
CY2019Q3 us-gaap Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
735760000 USD
CY2018Q4 us-gaap Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
74989000 USD
CY2019Q3 kwr Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
141908000 USD
CY2018Q4 kwr Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
33275000 USD
CY2019Q3 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
5780000 USD
CY2018Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
5840000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
883448000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
114104000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
62500000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
51622000 USD
CY2019Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
9200000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
12800000 USD
CY2018Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1800000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
5500000 USD
CY2019Q3 kwr Finite Lived Intangible Assets Amortization Expense Current Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseCurrentFiscalYear
18261000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
51141000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
50805000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
50654000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
50441000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
50015000 USD
CY2019Q3 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
243100000 USD
CY2019Q3 us-gaap Line Of Credit
LineOfCredit
110000000 USD
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
24034000 USD
CY2019Q3 kwr Us Term Loan Borrowings
UsTermLoanBorrowings
600000000 USD
CY2018Q4 kwr Us Term Loan Borrowings
UsTermLoanBorrowings
0 USD
CY2019Q3 kwr Euro Term Loan Borrowings
EuroTermLoanBorrowings
147162000 USD
CY2018Q4 kwr Euro Term Loan Borrowings
EuroTermLoanBorrowings
0 USD
CY2019Q3 kwr Debtinstrumentidrb
Debtinstrumentidrb
10000000 USD
CY2018Q4 kwr Debtinstrumentidrb
Debtinstrumentidrb
10000000 USD
CY2019Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
10846000 USD
CY2018Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
2570000 USD
CY2019Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
878008000 USD
CY2018Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
36604000 USD
CY2019Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
14970000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 USD
CY2019Q3 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
36535000 USD
CY2018Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
670000 USD
CY2018Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
35934000 USD
CY2019Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1150000000 USD
kwr Lineofcreditfacilityinitiationdatedescription
Lineofcreditfacilityinitiationdatedescription
Prior to closing the Combination, during July 2019, the Company amended and extended the bank commitment to August 30, 2019. The New Credit Facility was contingent upon and was not effective until the closing of the Combination. Concurrent with the closing of the Combination on August 1, 2019, the New Credit Facility is in full effect and is the Company’s primary borrowing facility, replacing the Company’s previous revolving credit facility (the “Old Credit Facility”).
us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2019-08-01
us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Borrowings under the New Credit Facility bear interest at a base rate or LIBOR plus an applicable margin based upon the Company’s consolidated net leverage ratio. Interest cost incurred on the outstanding borrowings under the New Credit Facility post-closing of the Combination was approximately 3.3%. In addition to paying interest on outstanding principal under the New Credit Facility, the Company is required to pay a 0.25% commitment fee to the lenders under the Revolver in respect of the unutilized commitments thereunder.
kwr Line Of Credit Remaining Borrowing Capacity
LineOfCreditRemainingBorrowingCapacity
The Company has unused capacity under the Revolver of approximately $281 million, net of bank letters of credit of approximately $9 million, as of September 30, 2019.
us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
The New Credit Facility is subject to certain financial and other covenants, including covenants that the Company’s initial consolidated net debt to consolidated adjusted EBITDA ratio cannot exceed 4.25 to 1 and the Company’s consolidated adjusted EBITDA to interest expense ratio cannot be less than 3.0 to 1 (as such covenants are defined therein). At the closing of the Combination and as of September 30, 2019, the Company was in compliance with all of the New Credit Facility covenants. The Term Loans have quarterly principal amortization during their respective five-year maturities, with 5.0% amortization of the principal balance due in years 1 and 2, 7.5% in year 3, and 10.0% in years 4 and 5, with the remaining principal amount due at maturity.
us-gaap Description Of Types Of Fair Value Hedging Instruments Used
DescriptionOfTypesOfFairValueHedgingInstrumentsUsed
The New Credit Facility required the Company fix at least 20% of the variable interest rates on its Term Loans. In November 2019, the Company entered into $170.0 million notional amounts of three-year interest rate swaps at a fixed rate of approximately 3.1% to satisfy this requirement of the New Credit Facility as well as to manage the Company’s exposure to variable interest rate risk associated with the New Credit Facility. The Company anticipates that these interest rate swaps will be designated and will qualify as cash flow hedges.
kwr Debt Issuance Cost Capitalization
DebtIssuanceCostCapitalization
The Company capitalized $23.7 million of certain third-party debt issuance costs in connection with executing the New Credit Facility. Approximately $15.5 million of the capitalized costs was attributed to the Term Loans and was recorded as a direct reduction of long-term debt on the Company’s Condensed Consolidated Balance Sheet. Approximately $8.3 million was attributed to the Revolver and recorded within other assets on the Company’s Condensed Consolidated Balance Sheet. These capitalized costs will be amortized into interest expense over the five-year term of the New Credit Facility.
us-gaap Concentration Risk Credit Risk Financial Instruments Off Balance Sheet Risk
ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRisk
In addition to the bank letters of credit described in the Credit facilities section above, the Company’s only other off-balance sheet arrangements include financial guarantees. The Company’s total bank letters of credit and guarantees outstanding as of September 30, 2019 were approximately $15 million.
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
45876000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
35276000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
49556000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
60590000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
676271000 USD
kwr Debtrelatedexpensesininterestexpensenettabletextblock
Debtrelatedexpensesininterestexpensenettabletextblock
<table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 49%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 25%; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 25%; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Nine Months Ended</span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 49%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">September 30,</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">September 30,</span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 49%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2019</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2018</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2019</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">2018</span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 49%; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Interest expense</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">5,761</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B7E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1,510</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B7E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">8,258</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B7E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">4,804</span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 49%; padding-left: 0.70pt; padding-right: 0.70pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Amortization of debt issuance costs</span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">792</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">792</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Arial', 'sans-serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">—</span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 49%; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Total</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">6,553</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B7E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1,510</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B7E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">9,050</span></p></td><td style="vertical-align: bottom; width: 1%; background: #B7E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">4,804</span></p></td></tr></table>
CY2019Q3 kwr Interest Expense Beforeamortization Of Debt Issuance Costs
InterestExpenseBeforeamortizationOfDebtIssuanceCosts
5761000 USD
CY2018Q3 kwr Interest Expense Beforeamortization Of Debt Issuance Costs
InterestExpenseBeforeamortizationOfDebtIssuanceCosts
1510000 USD
kwr Interest Expense Beforeamortization Of Debt Issuance Costs
InterestExpenseBeforeamortizationOfDebtIssuanceCosts
8258000 USD
kwr Interest Expense Beforeamortization Of Debt Issuance Costs
InterestExpenseBeforeamortizationOfDebtIssuanceCosts
4804000 USD
CY2019Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
792000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
792000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
6553000 USD
us-gaap Interest Expense
InterestExpense
9050000 USD
us-gaap Interest Expense
InterestExpense
4804000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
457961000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-12981000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-27260000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.385
CY2019Q3 us-gaap Dividends Common Stock
DividendsCommonStock
6826000 USD
CY2019Q3 kwr Stockissuedduringperiodvalueandadjustmentstoadditionalpaidincapitalsharebasedcompensationandexerciseofstockoptionsduetocombination
Stockissuedduringperiodvalueandadjustmentstoadditionalpaidincapitalsharebasedcompensationandexerciseofstockoptionsduetocombination
789080000 USD
CY2019Q3 kwr Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
3476000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1203450000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
422677000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
19771000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6019000 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
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
432636000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
436369000 USD
CY2019Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-44000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
436325000 USD
us-gaap Profit Loss
ProfitLoss
16568000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-25403000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.140
us-gaap Dividends Common Stock
DividendsCommonStock
16894000 USD
kwr Stockissuedduringperiodvalueandadjustmentstoadditionalpaidincapitalsharebasedcompensationandexerciseofstockoptionsduetocombination
Stockissuedduringperiodvalueandadjustmentstoadditionalpaidincapitalsharebasedcompensationandexerciseofstockoptionsduetocombination
789080000 USD
kwr Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
3774000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1203450000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
409618000 USD
CY2018Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-754000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
408864000 USD
us-gaap Profit Loss
ProfitLoss
51928000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15346000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.095
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
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
432636000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-78881000 USD
CY2019Q3 kwr Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
-27538000 USD
CY2019Q3 kwr Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
-632000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-26906000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
260000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-27166000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-106047000 USD
CY2018Q3 kwr Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
-6448000 USD
CY2018Q3 kwr Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
-687000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-5761000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
220000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5981000 USD
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-80332000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
834000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-80715000 USD
kwr Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
-26292000 USD
kwr Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
-1957000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-24335000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
997000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-25332000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-106047000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-65100000 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
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-80332000 USD
CY2019Q3 kwr Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
1697000 USD
CY2019Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1697000 USD
CY2018Q4 kwr Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
1491000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1491000 USD
us-gaap Loss Contingency Actions Taken By Defendant
LossContingencyActionsTakenByDefendant
Houghton’s Sao Paulo, Brazil site was required under Brazilian environmental, health and safety regulations to perform an environmental assessment as a part of a permit renewal process. The site has conducted a multi-year soil and groundwater investigation and corresponding risk assessments based on the result of the investigations. Initial investigations identified soil and ground water contamination in select areas of the site. In 2017, the site had to submit a new 5-year permit renewal request and was asked to complete additional investigations to further delineate the site based on review of the technical data by the local regulatory agency, Companhia Ambiental do Estado de São Paulo (“CETESB”). Based on review of the updated investigation data, CETESB issued a Technical Opinion regarding the investigation and remedial action taken to date. The site developed an action plan and submitted to CETESB in 2018 based on CETESB requirements. The site intervention plan primarily requires the site, amongst other actions, to conduct periodic monitoring for methane in soil vapors, source zone delineation, groundwater plume delineation, bedrock aquifer assessment, update the human health risk assessment, develop a current site conceptual model and conduct a remedial feasibility study and provide a revised intervention plan. In December 2019, the site is required to submit a report on the activitiescompleted including the revised site conceptual model and results of the remedial feasibility study and recommended remedial strategy for the site.
CY2019Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
200000 USD
CY2018Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
200000 USD

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