2020 Q1 Form 10-Q Financial Statement

#000008136220000005 Filed on May 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $378.6M $211.2M
YoY Change 79.23% -0.4%
Cost Of Revenue $244.7M $135.4M
YoY Change 80.67% -0.85%
Gross Profit $133.9M $75.77M
YoY Change 76.66% 0.42%
Gross Profit Margin 35.36% 35.87%
Selling, General & Admin $98.70M $51.46M
YoY Change 91.82% 2.9%
% of Gross Profit 73.74% 67.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.20M $4.859M
YoY Change 336.24% 52.13%
% of Gross Profit 15.84% 6.41%
Operating Expenses $98.70M $51.46M
YoY Change 91.82% 2.9%
Operating Profit -$12.44M $19.83M
YoY Change -162.76% -1.99%
Interest Expense $8.899M $1.214M
YoY Change 633.03% -28.25%
% of Operating Profit 6.12%
Other Income/Expense, Net -$21.18M -$635.0K
YoY Change 3234.65% 72.09%
Pretax Income -$42.08M $18.42M
YoY Change -328.47% -1.29%
Income Tax -$13.07M $4.929M
% Of Pretax Income 26.76%
Net Earnings -$28.38M $13.84M
YoY Change -305.01% 8.73%
Net Earnings / Revenue -7.5% 6.55%
Basic Earnings Per Share -$1.60 $1.04
Diluted Earnings Per Share -$1.60 $1.03
COMMON SHARES
Basic Shares Outstanding 17.67M shares 13.29M shares
Diluted Shares Outstanding 17.67M shares 13.34M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $316.4M $72.00M
YoY Change 339.44% -22.25%
Cash & Equivalents $316.4M $71.96M
Short-Term Investments
Other Short-Term Assets $43.00M $18.40M
YoY Change 133.7% -17.86%
Inventory $177.9M $92.90M
Prepaid Expenses
Receivables $357.9M $208.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $895.2M $391.3M
YoY Change 128.78% -8.85%
LONG-TERM ASSETS
Property, Plant & Equipment $202.1M $82.32M
YoY Change 145.51% -6.28%
Goodwill $592.4M $83.20M
YoY Change 611.97%
Intangibles $1.050B $62.52M
YoY Change 1579.76% -13.13%
Long-Term Investments $84.10M $22.73M
YoY Change 270.06% -9.22%
Other Assets $41.35M $32.14M
YoY Change 28.66% -28.1%
Total Long-Term Assets $2.025B $317.2M
YoY Change 538.48% 0.64%
TOTAL ASSETS
Total Short-Term Assets $895.2M $391.3M
Total Long-Term Assets $2.025B $317.2M
Total Assets $2.921B $708.5M
YoY Change 312.2% -4.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $178.0M $91.15M
YoY Change 95.27% -11.96%
Accrued Expenses $50.10M $21.20M
YoY Change 136.32% 42.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $38.10M $700.0K
YoY Change 5342.86% -87.72%
Total Short-Term Liabilities $340.6M $147.5M
YoY Change 130.89% -6.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.076B $11.72M
YoY Change 9083.38% -83.17%
Other Long-Term Liabilities $150.3M $73.51M
YoY Change 104.47% -14.11%
Total Long-Term Liabilities $1.076B $85.23M
YoY Change 1162.85% -45.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $340.6M $147.5M
Total Long-Term Liabilities $1.076B $85.23M
Total Liabilities $1.417B $262.2M
YoY Change 440.46% -18.51%
SHAREHOLDERS EQUITY
Retained Earnings $377.4M $414.0M
YoY Change -8.85% 10.93%
Common Stock $906.3M $110.2M
YoY Change 722.65% 2.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.162B $445.0M
YoY Change
Total Liabilities & Shareholders Equity $2.921B $708.5M
YoY Change 312.2% -4.83%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$28.38M $13.84M
YoY Change -305.01% 8.73%
Depreciation, Depletion And Amortization $21.20M $4.859M
YoY Change 336.24% 52.13%
Cash From Operating Activities $20.22M $20.00K
YoY Change 100995.0% -99.27%
INVESTING ACTIVITIES
Capital Expenditures $4.892M $2.537M
YoY Change 92.83% -26.44%
Acquisitions $3.160M $500.0K
YoY Change 532.0% 0.0%
Other Investing Activities -$3.100M -$400.0K
YoY Change 675.0% -20.0%
Cash From Investing Activities -$8.021M -$2.964M
YoY Change 170.61% -24.02%
FINANCING ACTIVITIES
Cash Dividend Paid $4.935M
YoY Change 4.47%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $9.371M
YoY Change
Cash From Financing Activities $186.6M -$30.37M
YoY Change -714.45% -2065.83%
NET CHANGE
Cash From Operating Activities $20.22M $20.00K
Cash From Investing Activities -$8.021M -$2.964M
Cash From Financing Activities $186.6M -$30.37M
Net Change In Cash $192.4M -$32.31M
YoY Change -695.43% -1325.8%
FREE CASH FLOW
Cash From Operating Activities $20.22M $20.00K
Capital Expenditures $4.892M $2.537M
Free Cash Flow $15.33M -$2.517M
YoY Change -708.94% 258.04%

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1004000 USD
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192396000 USD
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335951000 USD
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92113000 USD
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1 pure
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170829000 USD
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1662465000 USD
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5300000 USD
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500000 USD
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900000 USD
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6100000 USD
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6600000 USD
CY2020Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<p style="margin-top: 0; line-height: 115.00%; margin-bottom: 5.00pt; 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: 5.00pt; margin-bottom: 5.00pt; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-style: italic; font-size: 10.00pt">Recently Issued Accounting Standards Adopted</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 Financial Accounting Standards Board (“FASB”) issued ASU 2018-15</span><span style="font-family: 'Times New Roman', 'serif'; font-style: italic; font-size: 10.00pt">, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> 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 should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. Early adoption was permitted. The Company adopted this standard on a prospective basis, effective January 1, 2020. There was no cumulative effect of adoption recorded within retained earnings on January 1, 2020. </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 ASU 2018-14, </span><span style="font-family: 'Times New Roman', 'serif'; font-style: italic; font-size: 10.00pt">Disclosure Framework — Changes to the Disclosure Requirements for Defined Benefit Plans</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> 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 should be applied prospectively in the initial year of adoption or prospectively to all periods presented, depending on the amended disclosure requirement. Early adoption was permitted. The Company adopted this standard on a prospective basis, effective January 1, 2020. ASU 2018-14 addresses disclosures only and will not have an impact on the Company’s consolidated financial statements.</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 </span><span style="font-family: 'Times New Roman', 'serif'; font-style: italic; font-size: 10.00pt">ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">in June 2016 related to the accounting for and disclosure of credit losses. The FASB subsequently issued several additional accounting standard updates which amended and clarified the guidance, but did not materially change the guidance or its applicability to the Company. This accounting 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. Early adoption was permitted. The Company did not early adopt, but did adopt the guidance in this accounting standard update, including all applicable subsequent updates to this accounting guidance, as required, on a modified retrospective basis, effective January 1, 2020. </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Adoption did not have a material impact to the Company’s financial statements as expected. However, as a result of this adoption, the Company recorded a cumulative effect of accounting change that resulted in an increase to its allowance for doubtful accounts of $<span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">0.5 million, a decrease to deferred tax liabilities of $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">0.1 million and a decrease to retained earnings of $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">0.4 million.</span> </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">In accordance with this guidance, the Company recognizes an allowance for credit losses reflecting the net amount expected to be collected from its financial assets, primarily trade accounts receivable. This allowance represents the portion of the receivable that the Company does not expect to collect over its contractual life, considering past events and reasonable and supportable forecasts of future economic conditions. The Company’s allowance for credit losses on its trade accounts receivable is based on specific collectability facts and circumstances for each outstanding receivable and customer, the aging of outstanding receivables and the associated collection risk the Company estimates for certain past due aging categories, and also, the general risk to all outstanding accounts receivable based on historical amounts determined to be uncollectible.</span></p><p style="margin-top: 0; line-height: 115.00%; margin-bottom: 5.00pt; text-align: left"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-style: italic; font-size: 10.00pt">Recently Issued Accounting Standards Not Yet Adopted</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 </span><span style="font-family: 'Times New Roman', 'serif'; font-style: italic; font-size: 10.00pt">Account Standards Update (“ASU”) 2020-01 Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) –Clarifying the Interactions between Topic 321, Topic 323, and Topic 815</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> in January 2020 clarifying the interaction among the accounting standards related to equity securities, equity method investments, and certain derivatives. The new guidance, among other things, states that a company should consider observable transactions that require a company to either apply or discontinue the equity method of accounting, for the purposes of applying the fair value measurement alternative immediately before applying or upon discontinuing the equity method. The new guidance also addresses the measurement of certain purchased options and forward contracts used to acquire investments. The guidance within this accounting standard update is effective for annual and interim periods beginning after December 15, 2020 and is to be applied prospectively. 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 </span><span style="font-family: 'Times New Roman', 'serif'; font-style: italic; font-size: 10.00pt">ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> in December 2019 to simplify the accounting for income taxes. The guidance within this accounting standard update removes certain exceptions, including the exception to the incremental approach for certain intra-period tax allocations, to the requirement to recognize or not recognize certain deferred tax liabilities for equity method investments and foreign subsidiaries, and to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. Further, the guidance simplifies the accounting related to franchise taxes, the step up in tax basis for goodwill, current and deferred tax expense, and codification improvements for income taxes related to employee stock ownership plans. The guidance is effective for annual and interim periods beginning after December 15, 2020. 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 ASU 2018-13</span><span style="font-family: 'Times New Roman', 'serif'; font-style: italic; font-size: 10.00pt">, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> 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>
CY2020Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Description Of Financial Statement Line Items Prospective Transition
NewAccountingPronouncementOrChangeInAccountingPrincipleDescriptionOfFinancialStatementLineItemsProspectiveTransition
Adoption did not have a material impact to the Company’s financial statements as expected. However, as a result of this adoption, the Company recorded a cumulative effect of accounting change that resulted in an increase to its allowance for doubtful accounts of $0.5 million, a decrease to deferred tax liabilities of $0.1 million and a decrease to retained earnings of $0.4 million.
CY2020Q1 us-gaap Number Of Reportable Segments
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4 pure
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378561000 USD
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211210000 USD
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87648000 USD
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46548000 USD
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7878000 USD
CY2019Q1 us-gaap Business Combination Acquisition Related Costs
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4483000 USD
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1716000 USD
CY2019Q1 us-gaap Restructuring Charges
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0 USD
CY2020Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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38000000 USD
CY2019Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
CY2020Q1 kwr Nonoperating Charges
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38451000 USD
CY2019Q1 kwr Nonoperating Charges
NonoperatingCharges
20348000 USD
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14047000 USD
CY2019Q1 us-gaap Other Depreciation And Amortization
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1888000 USD
CY2020Q1 us-gaap Operating Income Loss
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CY2019Q1 us-gaap Operating Income Loss
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19829000 USD
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-21175000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
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-635000 USD
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-8461000 USD
CY2019Q1 us-gaap Interest Income Expense Net
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-776000 USD
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-42080000 USD
CY2019Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
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-237000 USD
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets
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2000 USD
CY2020Q1 us-gaap Concentration Risk Percentage1
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0 pure
CY2019 us-gaap Concentration Risk Percentage1
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0 pure
CY2020Q1 us-gaap Deferred Revenue
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CY2019Q4 us-gaap Deferred Revenue
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2200000 USD
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378561000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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378561000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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211210000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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211210000 USD
CY2020Q1 us-gaap Operating Lease Cost
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3400000 USD
CY2019Q1 us-gaap Operating Lease Cost
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1800000 USD
CY2020Q1 us-gaap Short Term Lease Cost
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500000 USD
CY2019Q1 us-gaap Short Term Lease Cost
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100000 USD
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3400000 USD
CY2019Q1 us-gaap Operating Lease Payments
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1700000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1700000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
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42905000 USD
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11177000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
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29402000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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31273000 USD
CY2020Q1 us-gaap Operating Lease Liability
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40133000 USD
CY2019Q4 us-gaap Operating Lease Liability
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42450000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y1M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0422 pure
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0421 pure
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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9508000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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10234000 USD
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6817000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4953000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3981000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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10919000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
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46412000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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6279000 USD
CY2020Q1 us-gaap Operating Lease Liability
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40133000 USD
CY2020Q1 us-gaap Restructuring And Related Cost Description
RestructuringAndRelatedCostDescription
As previously disclosed in its 2019 Form 10-K, in the third quarter of 2019, the Company’s management approved a global restructuring plan (the “QH Program”) as part of its plan to realize certain cost synergies associated with the Combination. The QH Program includes restructuring and associated severance costs to reduce total headcount by approximately 325 people globally and plans for the closure of certain manufacturing and non-manufacturing facilities.
CY2019Q4 us-gaap Restructuring Reserve
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18043000 USD
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1716000 USD
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4841000 USD
CY2020Q1 us-gaap Restructuring Reserve Translation Adjustment
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370000 USD
CY2020Q1 us-gaap Restructuring Reserve
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14548000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
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4682000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
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1012000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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49115 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.0099 pure
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.3157 pure
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0036 pure
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2020Q1 kwr Pensiontabletextblock
Pensiontabletextblock
<table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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: 53%; 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 March 31,</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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: 2%; 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: 10%; 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: 2%; 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: 2%; 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: 10%; 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: 2%; 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: 26%; 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: 4%; 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></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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: 26%; 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: 2%; 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: 26%; 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">Postretirement Benefits</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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: 2%; 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: 10%; 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">2020</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 10%; 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: 2%; 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: 2%; 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: 10%; 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">2020</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 10%; 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: 4%; 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></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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">Service cost</span></p></td><td style="vertical-align: bottom; width: 2%; 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">1,174</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">986</span></p></td><td style="vertical-align: bottom; width: 2%; background: #B7E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</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">2</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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">2</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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: 2%; 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%; 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">1,769</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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%; 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">1,111</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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%; 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">26</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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%; 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">35</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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">Expected return on plan assets</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 10%; padding-left: 0.70pt; padding-right: 0.70pt; 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">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1,959)</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 10%; padding-left: 0.70pt; padding-right: 0.70pt; 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">(</span><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">984)</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 10%; 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">—</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 10%; 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">—</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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">Settlement loss</span></p></td><td style="vertical-align: bottom; width: 2%; 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%; 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">22,667</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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%; 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: 2%; 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: 2%; 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%; 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: 2%; 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: 2%; 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%; 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: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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">Actuarial loss amortization</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 10%; 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">1,047</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 10%; 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">775</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 10%; 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">15</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 10%; 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">—</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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">Prior service (credit) cost amortization</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 0.70pt; 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><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">40)</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 0.70pt; 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><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">42)</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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: 2%; 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: 2%; 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: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 38%; 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 net periodic benefit cost</span></p></td><td style="vertical-align: bottom; width: 2%; 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">24,658</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 3.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1,846</span></p></td><td style="vertical-align: bottom; width: 2%; background: #B7E5FF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 0.70pt; padding-right: 0.70pt; background: #B7E5FF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</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">43</span></p></td><td style="vertical-align: bottom; width: 2%; 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: 2%; 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">37</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr></table>
CY2020Q1 us-gaap Defined Benefit Plan Accumulated Benefit Obligation Increase Decrease For Settlement And Curtailment
DefinedBenefitPlanAccumulatedBenefitObligationIncreaseDecreaseForSettlementAndCurtailment
22700000 USD
CY2020Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
8000000.0 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
304000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
220000 USD
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
821000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
9000 USD
CY2020Q1 kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
1299000 USD
CY2019Q1 kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
152000 USD
CY2020Q1 kwr Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
23525000 USD
CY2019Q1 kwr Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
896000 USD
CY2020Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
180000 USD
CY2019Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
148000 USD
CY2020Q1 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
256000 USD
CY2019Q1 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
31000 USD
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-21175000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-635000 USD
CY2020Q1 us-gaap Defined Benefit Plan Accumulated Benefit Obligation Increase Decrease For Settlement And Curtailment
DefinedBenefitPlanAccumulatedBenefitObligationIncreaseDecreaseForSettlementAndCurtailment
22700000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
13844000 USD
CY2020Q1 us-gaap Other Information Pertaining To Income Taxes
OtherInformationPertainingToIncomeTaxes
On March 27, 2020, in response to COVID-19 and its detrimental impact to the global economy, the CARES Act was enacted into law, providing a stimulus to the U.S. economy in the form of various individual and business assistance programs as well as temporary changes to existing tax law. Among the changes include a postponement of certain tax payments, deferral of the employer’s portion of the social security tax and certain other payroll-related incentives, and an increase in the interest expense limitation under Section 163(j) of the Internal Revenue Code from 30% to 50% for the 2019 and 2020 tax years. ASC 740 requires the tax effects of changes in tax laws or rates to be recorded in the period of enactment. Under the CARES Act, the Company has the option to use its 2019 adjusted taxable income in determining its interest expense limitation under Section 163(j). While the Company is still considering whether to make this election for 2020, the current quarter tax provision takes into account this potential election and associated tax benefit, which offsets an increase to the Company’s foreign tax credit valuation allowance recognized during the current quarter primarily driven by changes in current year projected taxable income due to the negative impacts from COVID-19. In addition, the Company reviewed its existing deferred tax assets in light of COVID-19 and determined that, at this time, no change in valuation allowance is required except with regard to its foreign tax credits as noted above. While the ultimate impact of COVID-19 on the Company’s results of operations is still uncertain, the Company will continue to assess future changes in projected taxable income to determine if they result in additional changes to any of the Company’s valuation allowances.
CY2019Q1 kwr Effect Of Tax Rate Change
EffectOfTaxRateChange
0.30 pure
CY2020Q1 kwr Effect Of Tax Rate Change
EffectOfTaxRateChange
0.50 pure
CY2020Q1 kwr Ustaxreformact
Ustaxreformact
As previously disclosed in its 2019 Form 10-K, the Company had a deferred tax liability of $8.2 million, which primarily represents the Company’s estimate of non-U.S. taxes it will incur to repatriate certain foreign earnings to the U.S. During the first quarter of 2020, the Company made certain adjustments to the deferred tax liability to take into account a tax law change enacted in the quarter in a certain foreign jurisdiction, the inclusion of other earnings to be repatriated, and the actual repatriation of earnings, resulting in a deferred tax liability of $7.4 million as of March 31, 2020.
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
8200000 USD
CY2020Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
7400000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19000000.0 USD
CY2019Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
100000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
100000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
100000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
100000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
100000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2200000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
3300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2300000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
3100000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
800000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
100000 USD
CY2020Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
2400000 USD
CY2016Q4 us-gaap Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
2016
CY2020Q1 kwr Unrecognizedtaxbenefitsreserve
Unrecognizedtaxbenefitsreserve
5400000 USD
CY2020Q1 kwr Valuationallowanceamountrelatedtobusinesscombination
Valuationallowanceamountrelatedtobusinesscombination
5400000 USD
CY2020Q1 kwr Unrecognizedtaxbenefitsreserve
Unrecognizedtaxbenefitsreserve
5400000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-28381000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-101000 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
46000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-28280000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13798000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17672525 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13291589 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.60
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-28381000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-101000 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
46000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-28280000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13798000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17672525 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13291589 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
46901 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17672525 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13338490 shares
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.60
CY2019Q3 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
4300000 shares
CY2020Q1 us-gaap Earnings Per Share Reconciliation Disclosure
EarningsPerShareReconciliationDisclosure
Certain stock options and restricted stock units are not included in the diluted (loss) earnings per share calculation when the effect would have been anti-dilutive. All of the Company’s potentially dilutive shares for the three months ended March 31, 2020 are anti-dilutive and not included in the dilutive (loss) earnings per share calculations because of the Company’s net loss during the period.
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q1 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 less than $0.1 million in each of the three months ended March 31, 2020 and 2019, respectively, offset by $0.2 million of net payments during each of the three months ended March 31, 2020 and 2019, respectively.
CY2020Q1 kwr Proceeds Of Settlement And Release Agreements
ProceedsOfSettlementAndReleaseAgreements
100000 USD
CY2020Q1 kwr Paymentsofsettlementandreleaseagreements
Paymentsofsettlementandreleaseagreements
200000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
316437000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
71960000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
123524000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
104147000 USD
CY2020Q1 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
34000 USD
CY2019Q1 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
0 USD
CY2019Q4 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
353000 USD
CY2018Q4 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
0 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
19480000 USD
CY2019Q1 us-gaap Restricted Cash
RestrictedCash
20153000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
19678000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
20278000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
335951000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92113000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
143555000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124425000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-43486000 USD
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
171169000 USD
CY2020Q1 kwr Us Term Loan Borrowings
UsTermLoanBorrowings
592500000 USD
CY2019Q4 kwr Us Term Loan Borrowings
UsTermLoanBorrowings
600000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
607205000 USD
CY2020Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-14820000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
592385000 USD
CY2020Q1 us-gaap Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
772747000 USD
CY2019Q4 us-gaap Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
792362000 USD
CY2020Q1 kwr Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
155416000 USD
CY2019Q4 kwr Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
157049000 USD
CY2020Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
6274000 USD
CY2019Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
6261000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
934437000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
955672000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
89334000 USD
CY2019Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1800000 USD
CY2020Q1 kwr Finite Lived Intangible Assets Amortization Expense Current Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseCurrentFiscalYear
54690000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
54301000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
54154000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
53940000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
53526000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
52766000 USD
CY2020Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
38000000.0 USD
CY2020Q1 us-gaap Line Of Credit
LineOfCredit
376550000 USD
CY2020Q1 kwr Euro Term Loan Borrowings
EuroTermLoanBorrowings
146435000 USD
CY2019Q4 kwr Euro Term Loan Borrowings
EuroTermLoanBorrowings
151188000 USD
CY2020Q1 kwr Debtinstrumentidrb
Debtinstrumentidrb
10000000 USD
CY2019Q4 kwr Debtinstrumentidrb
Debtinstrumentidrb
10000000 USD
CY2020Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
2341000 USD
CY2019Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
2608000 USD
CY2020Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1127826000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
934965000 USD
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13422000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
14196000 USD
CY2020Q1 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
38112000 USD
CY2019Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
38332000 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1076292000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
882437000 USD
CY2020Q1 kwr Lineof Creditinceasedbyamount
LineofCreditinceasedbyamount
300000000.0 USD
CY2020Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.030 pure
CY2020Q1 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0025 pure
CY2020Q1 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
The Company’s initial consolidated net debt to consolidated adjusted EBITDA ratio cannot exceed 4.25 to 1, with step downs in the permitted ratio over the course of the New Credit Facility. The Company’s consolidated adjusted EBITDA to interest expense ratio cannot be less than 3.0 to 1. The New Credit Facility also prohibits the payment of cash dividends if the Company is in default or if the amount of the dividend paid annually exceeds the greater of $50.0 million and 20% of consolidated adjusted EBITDA unless the ratio of consolidated net debt to consolidated adjusted EBITDA is less than 2.0 to 1, in which case there is no such limitation on amount.
CY2020Q1 us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
As of March 31, 2020 and December 31, 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.
CY2020Q1 kwr Percentageoftermloanprincipalamortizationyearone
Percentageoftermloanprincipalamortizationyearone
0.050 pure
CY2020Q1 kwr Percentageoftermloanprincipalamortizationyeartwo
Percentageoftermloanprincipalamortizationyeartwo
0.050 pure
CY2020Q1 kwr Percentageoftermloanprincipalamortizationyearthree
Percentageoftermloanprincipalamortizationyearthree
0.075 pure
CY2020Q1 kwr Percentageoftermloanprincipalamortizationyearfourandfive
Percentageoftermloanprincipalamortizationyearfourandfive
0.100 pure
CY2020Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
9400000 USD
CY2020Q1 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.20 pure
CY2020Q1 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
170000000.0 USD
CY2020Q1 us-gaap Derivative Basis Spread On Variable Rate
DerivativeBasisSpreadOnVariableRate
0.0164 pure
CY2020Q1 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.031 pure
CY2020Q1 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
23700000 USD
CY2020Q1 us-gaap Longterm Construction Loan Current And Noncurrent
LongtermConstructionLoanCurrentAndNoncurrent
10000000.0 USD
CY2020Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
14000000 USD
CY2020Q1 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: 4%; 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: 66%; 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: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 66%; 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">March 31,</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 66%; 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">2020</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">2019</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 66%; 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: 11%; 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">7,712</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: 11%; 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">1,172</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 66%; 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: 11%; 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">1,187</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: 11%; 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">42</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 4%; 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: 66%; 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: 11%; 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">8,899</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: 11%; 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">1,214</span></p></td><td style="vertical-align: bottom; width: 4%; 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></tr></table>
CY2020Q1 kwr Interest Expense Beforeamortization Of Debt Issuance Costs
InterestExpenseBeforeamortizationOfDebtIssuanceCosts
7712000 USD
CY2019Q1 kwr Interest Expense Beforeamortization Of Debt Issuance Costs
InterestExpenseBeforeamortizationOfDebtIssuanceCosts
1172000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1187000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
42000 USD
CY2020Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
8899000 USD
CY2019Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
1214000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1242366000 USD
CY2020Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-402000 USD
CY2020Q1 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
751000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
1241964000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-28344000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.385
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6834000 USD
CY2020Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1047000 USD
CY2020Q1 kwr Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
1039000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1162541000 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
CY2019Q1 us-gaap Profit Loss
ProfitLoss
13900000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1547000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.370
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
4933000 USD
CY2019Q1 kwr Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
-476000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
446363000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-78170000 USD
CY2020Q1 kwr Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
-61096000 USD
CY2020Q1 kwr Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
-24334000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-36762000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
6592000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-43354000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-121524000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-80715000 USD
CY2019Q1 kwr Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
1436000 USD
CY2019Q1 kwr Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
-637000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
2073000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
525000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1548000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-79167000 USD
CY2020Q1 kwr Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
1509000 USD
CY2020Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1509000 USD
CY2019Q4 kwr Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
1782000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1782000 USD
CY2019Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
100000 USD
CY2020Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
1000000.0 USD
CY2020Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
100000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
200000 USD

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