Kraton (KRA) 10-Q 29 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 26, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	KRATON PERFORMANCE POLYMERS, INC.
Entity Central Index Key	1,321,646
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	KRA
Amendment Flag	false
Entity Common Stock, Shares Outstanding		30,523,598

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 63,799	$ 53,818	$ 62,287	$ 175,872
Receivables, net of allowances of $263 and $245	110,803	107,432
Inventories of products	264,105	326,992
Inventories of materials and supplies	11,345	10,968
Deferred income taxes	6,976	7,247
Other current assets	27,275	24,521
Total current assets	484,303	530,978
Property, plant and equipment, less accumulated depreciation of $376,294 and $387,463	493,711	451,765
Intangible assets, less accumulated amortization of $97,295 and $88,939	43,360	49,610
Investment in unconsolidated joint venture	11,725	12,648
Debt issuance costs	6,992	7,153
Deferred income taxes	2,973	2,176
Other long-term assets	21,335	28,122
Total assets	1,064,399	1,082,452
Current liabilities:
Current portion of long-term debt	139	87
Accounts payable-trade	64,169	72,786
Other payables and accruals	66,604	50,888
Deferred income taxes	1,549	1,633
Due to related party	15,396	18,121
Total current liabilities	147,857	143,515
Long-term debt, net of current portion	404,799	351,785
Deferred income taxes	12,693	15,262
Other long-term liabilities	103,107	103,739
Total liabilities	$ 668,456	$ 614,301
Commitments and contingencies (note 11)
Kraton stockholders' equity:
Preferred stock, $0.01 par value; 100,000 shares authorized; none issued	$ 0	$ 0
Common stock, $0.01 par value; 500,000 shares authorized; 30,524 shares issued and outstanding at September 30, 2015; 31,831 shares issued and outstanding at December 31, 2014	305	318
Additional paid in capital	347,462	361,342
Retained earnings	151,092	168,041
Accumulated other comprehensive loss	(138,005)	(99,218)
Total Kraton stockholders' equity	360,854	430,483
Noncontrolling interest	35,089	37,668
Total equity	395,943	468,151	$ 556,310	$ 554,398
Total liabilities and equity	$ 1,064,399	$ 1,082,452

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Receivables, allowances	$ 263	$ 245
Property, plant and equipment, accumulated depreciation	376,294	387,463
Intangible assets, accumulated amortization	$ 97,295	$ 88,939
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	30,524,000	31,831,000
Common stock, shares outstanding	30,524,000	31,831,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue	$ 269,012	$ 318,971	$ 786,349	$ 954,394
Cost of goods sold	201,202	255,147	624,542	761,417
Gross profit	67,810	63,824	161,807	192,977
Operating expenses:
Research and development	7,597	7,440	23,345	23,736
Selling, general and administrative	26,917	16,374	77,488	78,872
Depreciation and amortization	16,145	16,552	46,852	49,630
Total operating expenses	50,659	40,366	147,685	152,238
Earnings of unconsolidated joint venture	95	80	273	324
Interest expense, net	6,151	6,099	17,975	18,667
Income (loss) before income taxes	11,095	17,439	(3,580)	22,396
Income tax expense	3,076	1,122	4,135	3,405
Consolidated net income (loss)	8,019	16,317	(7,715)	18,991
Net loss attributable to noncontrolling interest	(427)	(298)	(1,141)	(858)
Net income (loss) attributable to Kraton	$ 8,446	$ 16,615	$ (6,574)	$ 19,849
Earnings (loss) per common share:
Basic (in dollars per share)	$ 0.27	$ 0.51	$ (0.21)	$ 0.61
Diluted (in dollars per share)	$ 0.27	$ 0.50	$ (0.21)	$ 0.60
Weighted Average Shares Outstanding
Basic (in share)	30,503	32,315	30,779	32,249
Diluted (in share)	30,849	32,600	30,779	32,590

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss) attributable to Kraton	$ 8,446	$ 16,615	$ (6,574)	$ 19,849
Other comprehensive loss:
Foreign currency translation adjustments, net of tax of $0	(14,972)	(28,587)	(38,787)	(25,651)
Other comprehensive loss, net of tax	(14,972)	(28,587)	(38,787)	(25,651)
Comprehensive loss attributable to Kraton	(6,526)	(11,972)	(45,361)	(5,802)
Comprehensive loss attributable to noncontrolling interest	(2,717)	(1,092)	(2,579)	(1,479)
Consolidated comprehensive loss	$ (9,243)	$ (13,064)	$ (47,940)	$ (7,281)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax effect	$ 0	$ 0	$ 0	$ 0

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Total Kraton Stockholders' Equity	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Beginning balance at Dec. 31, 2013	$ 554,398	$ 513,490	$ 325	$ 363,590	$ 170,827	$ (21,252)	$ 40,908
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	18,991	19,849			19,849		(858)
Other comprehensive loss	(26,272)	(25,651)				(25,651)	(621)
Retired treasury stock from employee tax withholdings	(704)	(704)		(704)
Exercise of stock options	1,429	1,429	1	1,428
Non-cash compensation related to equity awards	8,468	8,468	2	8,466
Ending balance at Sep. 30, 2014	556,310	516,881	328	372,780	190,676	(46,903)	39,429
Beginning balance at Dec. 31, 2014	468,151	430,483	318	361,342	168,041	(99,218)	37,668
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(7,715)	(6,574)			(6,574)		(1,141)
Other comprehensive loss	(40,225)	(38,787)				(38,787)	(1,438)
Retired treasury stock from employee tax withholdings	(570)	(570)		(570)
Retired treasury stock from share repurchases	(31,321)	(31,321)	(16)	(20,930)	(10,375)
Exercise of stock options	1,022	1,022	1	1,021
Non-cash compensation related to equity awards	6,601	6,601	2	6,599
Ending balance at Sep. 30, 2015	$ 395,943	$ 360,854	$ 305	$ 347,462	$ 151,092	$ (138,005)	$ 35,089

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated net income (loss)	$ (7,715)	$ 18,991
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	46,852	49,630
Amortization of debt premium	(130)	(121)
Amortization of debt issuance costs	1,668	1,665
Gain on disposal of property, plant and equipment	(60)	(33)
Earnings from unconsolidated joint venture, net of dividends received	90	163
Deferred income tax benefit	(2,270)	(3,222)
Share-based compensation	6,601	8,468
Decrease (increase) in:
Accounts receivable	(9,693)	(11,179)
Inventories of products, materials and supplies	50,462	(28,796)
Other assets	(2,022)	(4,606)
Increase (decrease) in:
Accounts payable-trade	(2,988)	(30,007)
Other payables and accruals	1,548	(5,915)
Other long-term liabilities	1,536	(4,937)
Due to related party	(2,306)	(8,878)
Net cash provided by (used in) operating activities	81,573	(18,777)
CASH FLOWS FROM INVESTING ACTIVITIES
Kraton purchase of property, plant and equipment	(42,384)	(47,539)
KFPC purchase of property, plant and equipment	(46,097)	(33,807)
Purchase of software and other intangibles	(1,763)	(2,724)
Net cash used in investing activities	(90,244)	(84,070)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt	30,000	29,000
Repayments of debt	(30,000)	(29,000)
KFPC proceeds from debt	55,622	0
Capital lease payments	(99)	(6,007)
Purchase of treasury stock	(31,891)	(704)
Proceeds from the exercise of stock options	1,022	1,429
Debt issuance costs	0	(485)
Net cash provided by (used in) financing activities	24,654	(5,767)
Effect of exchange rate differences on cash	(6,002)	(4,971)
Net increase (decrease) in cash and cash equivalents	9,981	(113,585)
Cash and cash equivalents, beginning of period	53,818	175,872
Cash and cash equivalents, end of period	63,799	62,287
Supplemental disclosures:
Cash paid during the period for income taxes, net of refunds received	5,435	9,267
Cash paid during the period for interest, net of capitalized interest	21,690	23,053
Capitalized interest	3,342	2,214
Supplemental non-cash disclosures:
Property, plant and equipment accruals	16,023	6,057
Asset acquired through capital lease	$ 681	$ 7,033

General

General	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
General	General Description of our Business. We are a leading global producer of styrenic block copolymers (“SBCs”) and other engineered polymers. SBCs are highly-engineered synthetic elastomers, which we invented and commercialized over 50 years ago, that enhance the performance of numerous products by imparting greater flexibility, resilience, strength, durability and processability. Our polymers are typically formulated or compounded with other products to achieve improved, customer-specific performance characteristics in a variety of applications. We seek to maximize the value of our product portfolio by emphasizing complex or specialized polymers and innovations that yield higher margins than more commoditized products. We refer to these complex or specialized polymers or innovations as being more “differentiated.” Our products are found in many everyday applications, including personal care products such as disposable diapers and the rubberized grips of toothbrushes, razor blades and power tools. Our products are also used to impart tack and shear properties in a wide variety of adhesive products and to impart characteristics such as flexibility and durability in sealants and corrosion resistance in coatings. Our paving and roofing applications provide durability, extending road and roof life. We also produce Cariflex TM isoprene rubber and isoprene rubber latex. Our Cariflex products are based on synthetic polyisoprene polymer and do not contain natural rubber latex or other natural rubber products making them an ideal substitute for natural rubber latex, particularly in applications with high purity requirements such as medical, healthcare, personal care and food contact. We believe the versatility of Cariflex products provides opportunities for new, differentiated applications. We manufacture our polymers at five manufacturing facilities globally, including our flagship facility in Belpre, Ohio, as well as facilities in Germany, France, Brazil and Japan. The facility in Japan is operated by an unconsolidated manufacturing joint venture. The terms “Kraton,” “our company,” “we,” “our,” “ours” and “us” as used in this report refer collectively to Kraton Performance Polymers, Inc. and its consolidated subsidiaries. Basis of Presentation. The accompanying unaudited condensed consolidated financial statements presented herein are for us and our consolidated subsidiaries, each of which is a wholly-owned subsidiary, except our 50% investment in our joint venture, Kraton Formosa Polymers Corporation (“KFPC”), located in Mailiao, Taiwan. KFPC is a variable interest entity for which we have determined that we are the primary beneficiary and, therefore, have consolidated into our financial statements. Our 50% investment in our joint venture located in Kashima, Japan is accounted for under the equity method of accounting. All significant intercompany transactions have been eliminated. These interim financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2014 and reflect all normal recurring adjustments that are, in the opinion of management, necessary to present fairly our results of operations and financial position. Amounts reported in our Condensed Consolidated Statements of Operations are not necessarily indicative of amounts expected for the respective annual periods or any other interim period, in particular due to the effect of seasonal changes and weather conditions that typically affect our sales into paving and roofing applications. Significant Accounting Policies. Our significant accounting policies have been disclosed in Note 1 Description of Business, Basis of Presentation and Significant Accounting Policies in our most recent Annual Report on Form 10-K. There have been no changes to the policies disclosed therein. The accompanying unaudited condensed consolidated financial statements we present in this report have been prepared in accordance with those policies. Use of Estimates. The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include • the useful lives of fixed assets; • allowances for doubtful accounts and sales returns; • the valuation of derivatives, deferred tax assets, property, plant and equipment, inventory, investments and share-based compensation; and • liabilities for employee benefit obligations, environmental matters, asset retirement obligations (“ARO”), income tax uncertainties and other contingencies. Income Tax in Interim Periods. We conduct operations in separate legal entities in different jurisdictions. As a result, income tax amounts are reflected in these condensed consolidated financial statements for each of those jurisdictions. Tax laws and tax rates vary substantially in these jurisdictions and are subject to change based on the political and economic climate in those countries. We file our tax returns in accordance with our interpretations of each jurisdiction’s tax laws. We record our tax provision or benefit on an interim basis using the estimated annual effective tax rate. This rate is applied to the current period ordinary income or loss to determine the income tax provision or benefit allocated to the interim period. Losses from jurisdictions for which no benefit can be realized and the income tax effects of unusual and infrequent items are excluded from the estimated annual effective tax rate. Valuation allowances are provided against the future tax benefits that arise from the losses in jurisdictions for which no benefit can be realized. The effects of unusual and infrequent items are recognized in the impacted interim period as discrete items. The estimated annual effective tax rate may be significantly affected by nondeductible expenses and by our projected earnings mix by tax jurisdiction. Adjustments to the estimated annual effective income tax rate are recognized in the period during which such estimates are revised. We have established valuation allowances against a variety of deferred tax assets, including net operating loss carryforwards, foreign tax credits and other income tax credits. Valuation allowances take into consideration our expected ability to realize these deferred tax assets and reduce the value of such assets to the amount that is deemed more likely than not to be recoverable. Our ability to realize these deferred tax assets is dependent on achieving our forecast of future taxable operating income over an extended period of time. We review our forecast in relation to actual results and expected trends on a quarterly basis. If we fail to achieve our operating income targets, we may change our assessment regarding the recoverability of our net deferred tax assets and such change could result in a valuation allowance being recorded against some or all of our net deferred tax assets. A change in our valuation allowance would impact our income tax expense/benefit and our stockholders’ equity and could have a significant impact on our results of operations or financial condition in future periods.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Adoption of Accounting Standards We have implemented all new accounting pronouncements that are in effect and that management believes would materially affect our financial statements. New Accounting Standards In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers , which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. Recently, the effective date for the standard was deferred by one year and the standard is now effective for public entities for annual and interim periods beginning after December 15, 2017. Early adoption is permitted based on the original effective date. Our evaluation of this standard is currently ongoing and therefore, the effects of this standard on our financial position, results of operations and cash flows are not yet known. In April 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest . This standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of such debt liability. In adopting ASU 2015-03, companies must apply the guidance on a retrospective basis. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and early adoption is permitted. We plan to adopt ASU 2015-03 in accordance with these requirements. We have assessed the impact of this new standard on our Condensed Consolidated Financial Statements and concluded that it would result in reductions of approximately $1.3 million , $5.3 million , and $6.6 million of other current assets, debt issuance costs, and long-term debt, respectively, as of September 30, 2015 . In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory . This standard changes the measurement principle for inventory from the lower of cost or market to the lower of cost or net realizable value. ASU 2015-11 defines net realizable value as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The guidance must be applied on a prospective basis and is effective for periods beginning after December 15, 2016, with early adoption permitted. Our evaluation of this standard is currently ongoing and therefore, the effects of this standard on our consolidated financial statements are not yet known. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . This standard requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This includes recording in the reporting period the effect on earnings of changes in depreciation, amortization or other income effects as a result of the change to the provisional amounts as if the accounting had been completed at the acquisition date. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and early adoption is permitted. We plan to adopt this new standard in association with the pending Arizona Chemical Acquisition.

Pending Acquisition of Arizona

Pending Acquisition of Arizona Chemical	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Pending Acquisition of Arizona Chemical	Pending Acquisition of Arizona Chemical On September 27, 2015, Kraton Polymers LLC, one of our wholly owned subsidiaries, entered into a stock purchase agreement with Arizona Chemical, a leading global producer of high-value performance products and specialty chemicals derived from renewable raw materials, and AZC Holding Company LLC, the sole stockholder of Arizona Chemical Holdings Corporation (“Arizona Chemical”). Pursuant to the stock purchase agreement, we agreed to acquire all of the outstanding capital stock of Arizona Chemical for a cash purchase price of $1,370.0 million , subject to adjustment for cash and indebtedness at closing, as well as an adjustment for working capital and other items. The Arizona Chemical Acquisition is expected to close in late 2015 or early 2016, subject to certain customary closing conditions and the clearances and approvals under the rules of antitrust and competition law authorities in the United States, Germany, Russia and the Ukraine.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation We account for share-based awards under the provisions of ASC 718, “ Compensation—Stock Compensation .” Accordingly, share-based compensation cost is measured at the grant date based on the fair value of the award and we expense these costs using the straight-line method over the requisite service period. Share-based compensation expense was $2.0 million and $2.3 million for the three months ended September 30, 2015 and 2014 , respectively, and $6.6 million and $8.5 million for the nine months ended September 30, 2015 and 2014 , respectively.

Detail of Certain Balance Sheet

Detail of Certain Balance Sheet Accounts	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Detail of Certain Balance Sheet Accounts	Detail of Certain Balance Sheet Accounts September 30, 2015 December 31, 2014 (In thousands) Inventories of products: Finished products $ 210,796 $ 253,834 Work in progress 4,201 5,552 Raw materials 49,108 67,606 Total inventories of products $ 264,105 $ 326,992 Other payables and accruals: Employee related $ 22,832 $ 16,156 Interest payable 2,171 7,959 Property, plant and equipment accruals 15,650 3,864 Other 25,951 22,909 Total other payables and accruals $ 66,604 $ 50,888 Other long-term liabilities: Pension and other postretirement benefits $ 91,418 $ 86,605 Other 11,689 17,134 Total other long-term liabilities $ 103,107 $ 103,739 Accumulated other comprehensive loss: Foreign currency translation adjustments $ (60,657 ) $ (21,870 ) Net unrealized loss on net investment hedge (1,926 ) (1,926 ) Benefit plans liability (75,422 ) (75,422 ) Total accumulated other comprehensive loss $ (138,005 ) $ (99,218 )

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share ("EPS")	Earnings Per Share (“EPS”) Basic EPS is computed by dividing net income attributable to Kraton by the weighted-average number of shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to Kraton by the diluted weighted-average number of shares outstanding during the period and, accordingly, reflects the potential dilution that could occur if securities or other agreements to issue common stock, such as stock options, were exercised, settled or converted into common stock and were dilutive. The diluted weighted-average number of shares used in our diluted EPS calculation is determined using the treasury stock method. Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as our restricted stock awards, are considered to be participating securities, and therefore, the two-class method is used for purposes of calculating EPS. Under the two-class method, a portion of net income is allocated to these participating securities and is excluded from the calculation of EPS allocated to common stock. Our restricted stock awards are subject to forfeiture and restrictions on transfer until vested and have identical voting, income and distribution rights to the unrestricted common shares outstanding. Our weighted average restricted stock awards outstanding were 558,431 and 491,926 for the three months ended September 30, 2015 and 2014 , respectively, and 553,400 and 491,684 for the nine months ended September 30, 2015 and 2014 , respectively. We withheld shares of restricted stock upon vesting to satisfy employee payroll tax withholding requirements totaling 0 and 1,793 for the three months ended September 30, 2015 and 2014 , respectively, and 27,947 and 27,173 for the nine months ended September 30, 2015 and 2014 , respectively. We immediately retired all shares withheld and the transactions were reflected in additional paid in capital in the Condensed Consolidated Statements of Changes in Equity and as a purchase of treasury stock in the Condensed Consolidated Statements of Cash Flows. The computation of diluted EPS includes weighted average restricted share units of 143,204 and 87,696 for the three months ended September 30, 2015 and 2014 , respectively, and 0 and 80,335 for the nine months ended September 30, 2015 and 2014 , respectively. The computation of diluted EPS excludes weighted average restricted share units of 133,317 for the nine months ended September 30, 2015 as they are anti-dilutive due to a net loss attributable to Kraton for the period. The computation of diluted EPS includes weighted average performance share units of 32,498 and 34,811 for the three months ended September 30, 2015 and 2014 , respectively, and 0 and 27,032 for the nine months ended September 30, 2015 and 2014 , respectively. The computation of diluted EPS excludes weighted average performance share units of 33,564 for the nine months ended September 30, 2015 as they are anti-dilutive due to a net loss attributable to Kraton for the period. In addition, the computation of diluted earnings per share also excludes the effect of performance share units for which the performance contingencies had not been met as of the reporting date, amounting to 279,328 for the three and nine months ended September 30, 2015 and 102,396 for the three and nine months ended September 30, 2014 . The computation of diluted EPS includes stock options added under the treasury stock method, which amounted to 170,602 and 162,049 for the three months ended September 30, 2015 and 2014 , respectively, and 0 and 233,594 for the nine months ended September 30, 2015 and 2014 , respectively. The computation of diluted EPS excludes the effect of the potential exercise of stock options that are anti-dilutive, amounting to 906,954 and 1,008,497 for the three months ended September 30, 2015 and 2014 , respectively, and 1,472,988 and 987,843 for the nine months ended September 30, 2015 and 2014 , respectively. The calculations of basic and diluted EPS are as follows: Three months ended September 30, 2015 Three months ended September 30, 2014 Net Income Attributable to Kraton Weighted Average Shares Outstanding Earnings Per Share Net Income Attributable to Kraton Weighted Average Shares Outstanding Earnings Per Share (In thousands, except per share data) (In thousands, except per share data) Basic: As reported $ 8,446 31,061 $ 16,615 32,807 Amounts allocated to unvested restricted shares (152 ) (558 ) (249 ) (492 ) Amounts available to common stockholders 8,294 30,503 $ 0.27 16,366 32,315 $ 0.51 Diluted: Amounts allocated to unvested restricted shares 152 558 249 492 Non participating share units — 175 — 123 Stock options added under the treasury stock method — 171 — 162 Amounts reallocated to unvested restricted shares (150 ) (558 ) (247 ) (492 ) Amounts available to stockholders and assumed conversions $ 8,296 30,849 $ 0.27 $ 16,368 32,600 $ 0.50 Nine months ended September 30, 2015 Nine months ended September 30, 2014 Net Loss Attributable to Kraton Weighted Average Shares Outstanding Loss Per Share Net Income Attributable to Kraton Weighted Average Shares Outstanding Earnings Per Share (In thousands, except per share data) (In thousands, except per share data) Basic: As reported $ (6,574 ) 31,332 $ 19,849 32,741 Amounts allocated to unvested restricted shares 116 (553 ) (298 ) (492 ) Amounts available to common stockholders (6,458 ) 30,779 $ (0.21 ) 19,551 32,249 $ 0.61 Diluted: Amounts allocated to unvested restricted shares (116 ) 553 298 492 Non participating share units — — — 107 Stock options added under the treasury stock method — — — 234 Amounts reallocated to unvested restricted shares 116 (553 ) (295 ) (492 ) Amounts available to stockholders and assumed conversions $ (6,458 ) 30,779 $ (0.21 ) $ 19,554 32,590 $ 0.60 Share Repurchase Program. On October 27, 2014, our board of directors approved a share repurchase program which allowed for the repurchase of outstanding shares of our common stock having an aggregate purchase price of up to $50.0 million . We repurchased shares of our common stock in the open market at prevailing market prices and through a trading program under Rule 10b5-1. During the three months ended September 30, 2015 , we repurchased 827,142 shares of our common stock at an average price of $20.77 per share and a total cost of $17.2 million (including trading commissions). From the inception of the program through September 30, 2015 , we repurchased a total of 2,549,683 shares of our common stock at an average price of $19.58 per share and a total cost of $50.0 million (including trading commissions). The share repurchase program was financed with available cash and the program is now complete.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following: September 30, 2015 December 31, 2014 (In thousands) 6.75% unsecured notes $ 350,695 $ 350,825 KFPC loan agreement 52,575 — Capital lease obligation 1,668 1,047 Total debt 404,938 351,872 Less current portion of total debt 139 87 Long-term debt $ 404,799 $ 351,785 Senior Secured Credit Facilities. In March 2013, we entered into an asset-based revolving credit facility consisting of a $150.0 million U.S. senior secured revolving credit facility (the “U.S. Facility”) and a $100.0 million Dutch senior secured revolving credit facility (the “Dutch Facility,” and together with the U.S. Facility, the “Senior Secured Credit Facilities”). Borrowing under the Senior Secured Credit Facilities is subject to borrowing base limitations based on the level of receivables and inventory available for security. We may request up to an aggregate of $100.0 million of additional revolving facility commitments of which up to an aggregate of $40.0 million may be additional Dutch Facility commitments, provided that we satisfy additional conditions described in the Senior Secured Credit Facilities, and provided further that the commitment under the U.S. Facility is at least 60% of the commitments after giving effect to such increase. Kraton Polymers U.S. LLC and Kraton Polymers Nederland B.V. are the borrowers under the Senior Secured Credit Facilities, and Kraton Performance Polymers, Inc., Kraton Polymers LLC, Elastomers Holdings LLC and Kraton Polymers Capital Corporation are the guarantors for both the U.S. Facility and the Dutch Facility. In addition, K.P. Global Holdings C.V. and Kraton Polymers Holdings B.V. are guarantors for the Dutch Facility. The Senior Secured Credit Facilities terminate on March 27, 2018 ; however, we may from time to time request that the lenders extend the maturity of their commitments. Availability under the Senior Secured Credit Facilities is limited to the lesser of the borrowing base and total commitments (less certain reserves). The Senior Secured Credit Facilities are primarily secured by receivables and inventory. The U.S. Facility provides for borrowings in the United States and is secured by assets located in the United States. The Dutch Facility provides for borrowings outside of the United States and is secured by assets located outside of the United States. Borrowings under the U.S. Facility (other than swingline loans) bear interest at a rate equal to, at the applicable borrower’s option, either (a) a base rate determined by reference to the greater of (1) the prime rate of Bank of America, N.A., (2) the federal funds rate plus 0.5% and (3) LIBOR plus 1.0% , or (b) a rate based on LIBOR, in each case plus an applicable margin. U.S. swingline loans shall bear interest at a base rate determined by reference to the greater of (1) the prime rate of Bank of America, N.A., (2) the federal funds rate plus 0.5% or (3) LIBOR plus 1.0% , in each case plus an applicable margin. Borrowings under the Dutch Facility (other than swingline loans) bear interest at a rate equal to, at the applicable borrower’s option, either (a) a fluctuating rate, with respect to Euros, Pounds Sterling and Dollars outside of the U.S. and Canada, equal to the rate announced by the European Central Bank and used as a base rate by the local branch of Bank of America in the jurisdiction in which such currency is funded, or (b) a rate based on LIBOR, in each case plus an applicable margin. Dutch swingline loans shall bear interest at a fluctuating rate, with respect to Euros, Pounds Sterling and Dollars outside of the U.S. and Canada, equal to the rate announced by the European Central Bank and used as a base rate by the local branch of Bank of America in the jurisdiction in which such currency is funded. The applicable margin is subject to a minimum of 0.5% and a maximum of 1.0% with respect to U.S. base rate loans, and a minimum of 1.5% and maximum of 2.0% for foreign base rate borrowings, and a minimum of 1.5% and maximum of 2.0% for both U.S. and foreign LIBOR loans and is subject to adjustment based on the borrowers’ excess availability of the applicable facility for the most recent fiscal quarter. Our effective interest rate for borrowings on the Senior Secured Credit Facilities was 3.75% and 2.04% for the three and nine months ended September 30, 2015 , respectively. In addition to paying interest on outstanding principal amounts under the Senior Secured Credit Facilities, the borrowers will be required to pay a commitment fee in respect of the unutilized commitments at an annual rate of 0.375% . The Senior Secured Credit Facilities contain a financial covenant that if either (a) excess availability is less than the greater of (i) 12.5% of the lesser of the commitments and the borrowing base and (ii) $31,250,000 or (b) U.S. availability is less than the greater of (i) 12.5% of the lesser of the U.S. commitments and U.S. borrowing base and (ii) $18,750,000 , then following such event, Kraton and its restricted subsidiaries must maintain a fixed charge coverage ratio of at least 1.0 to 1.0 for four fiscal quarters (or for a shorter duration if certain financial conditions are met). The Senior Secured Credit Facilities contain certain customary events of default, including, without limitation, a failure to make payments under the facility, cross-default and cross-judgment default, certain bankruptcy events and certain change of control events. As of September 30, 2015 , our total borrowing capacity was $169.6 million of which none was drawn. As of October 26, 2015, our total borrowing capacity was $167.8 million , of which none was drawn. 6.75% Senior Notes due 2019. Kraton Polymers LLC and its wholly-owned financing subsidiary Kraton Polymers Capital Corporation issued $350.0 million aggregate principal amount of 6.75% senior notes that mature on March 1, 2019 pursuant to an indenture dated February 11, 2011 as amended and supplemented by a supplemental indenture thereto dated March 20, 2012 (collectively, the “Indenture”). The Indenture provides that the notes are general unsecured, senior obligations and will be unconditionally guaranteed on a senior unsecured basis. We pay interest on the notes at 6.75% per annum, semi-annually in arrears on March 1 and September 1 of each year. Capital Lease. In January 2014, we entered into a 10 year capital lease with a principal amount of $7.0 million to fund a portion of our capital expenditures. In March 2015, this capital lease increased by $0.7 million based on final project construction costs. KFPC Loan Agreement. On July 17, 2014, KFPC executed a syndicated loan agreement (the “KFPC Loan Agreement”) in the amount of 5.5 billion New Taiwan Dollars (“NTD”), or $166.3 million (converted at the September 30, 2015 exchange rate), to provide additional funding to construct the hydrogenated styrenic block copolymer (“HSBC”) facility in Taiwan and to provide funding for working capital requirements and/or general corporate purposes. The KFPC Loan Agreement is comprised of a NTD 4.29 billion Tranche A, or $129.7 million (converted at the September 30, 2015 exchange rate), to fund KFPC’s capital expenditures, and a NTD 1.21 billion Tranche B, or $36.6 million (converted at the September 30, 2015 exchange rate), to fund working capital requirements and/or general corporate purposes. As of September 30, 2015 , NTD 1.7 billion , or $52.6 million (converted at the September 30, 2015 exchange rate) was drawn on the KFPC Loan Agreement. The facility period of the KFPC Loan Agreement is five years from January 17, 2015 (the first drawdown date). KFPC may continue to draw on the KFPC Loan Agreement for the first 28 months following the first drawdown date. Subject to certain conditions, KFPC can request a two -year extension of the facility period of the KFPC Loan Agreement. The total outstanding principal amount is payable in six semi-annual installments with the first payment due on July 17, 2017 and each subsequent payment due every six months thereafter. The first five installments shall be in an amount equal to 10% of the outstanding principal amount and the final installment shall be in an amount equal to the remaining 50% of the outstanding principal amount. In the event the extension period is granted, the final 50% of the outstanding principal amount shall be repaid in five equal semi-annual installments with the first installment due on the original final maturity date. The KFPC Loan Agreement is subject to a variable interest rate composed of a fixed 0.8% margin plus the three -month or six -month fixing rate of the Taipei Interbank Offered Rate (depending on the interest period as selected by KFPC in the drawdown request or the interest period notice), subject to a floor of 1.7% . Interest is payable on a monthly basis. For the three and nine months ended September 30, 2015 , our effective interest rate for borrowings on the KFPC Loan Agreement was 1.80% . The KFPC Loan Agreement contains certain financial covenants which change during the term of the KFPC Loan Agreement. The financial covenants include a maximum debt to equity ratio of 3.0 to 1.0 commencing in 2014, which will decrease over time to 1.2 to 1.0 in 2018; a minimum tangible net worth requirement of $50.0 million commencing in 2014, which will increase to $100.0 million in 2019; and a minimum interest coverage ratio of 2.5 to 1.0 commencing in 2016, which will increase to 5.0 to 1.0 in 2017. In each case, these covenants are calculated and tested on an annual basis. Formosa Petrochemical Corporation and Kraton Polymers LLC are the guarantors of the KFPC Loan Agreement with each guarantor guaranteeing 50% of the indebtedness. Debt Maturities . The remaining principal payments on our outstanding total debt as of September 30, 2015 , are as follows: Principal Payments (In thousands) September 30: 2016 $ 139 2017 5,405 2018 10,672 2019 360,682 2020 26,464 Thereafter 881 Total debt $ 404,243 See Note 9 Fair Value Measurements, Financial Instruments and Credit Risk for fair value information related to our long-term debt.

Debt Issuance Costs

Debt Issuance Costs	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt Issuance Costs	Debt Issuance Costs We capitalize the debt issuance costs related to issuing long-term debt and amortize these costs using the effective interest method, except for costs related to revolving debt, which are amortized using the straight-line method. Amortization of debt issuance costs and the accelerated write-off of debt issuance costs in connection with refinancing activities are recorded as a component of interest expense. We had net debt issuance costs of $9.4 million and $9.5 million (of which $2.4 million and $2.3 million were included in other current assets) as of September 30, 2015 and December 31, 2014 , respectively. During the year ended December 31, 2014 , our consolidated joint venture, KFPC, capitalized $0.5 million of debt issuance costs related to the KFPC Loan Agreement executed in July 2014. During the three months ended September 30, 2015, we capitalized $1.7 million of debt issuance costs related to the potential debt financing associated with the Arizona Chemical Acquisition which is expected to occur in late 2015 or early 2016. See Note 3 Pending Acquisition , for further discussion of the pending Arizona Chemical Acquisition. We amortized $0.6 million and $0.6 million of debt issuance costs for the three months ended September 30, 2015 and 2014 , respectively, and $1.7 million and $1.7 million of debt issuance costs for the nine months ended September 30, 2015 and 2014 , respectively.

Fair Value Measurements, Financ

Fair Value Measurements, Financial Instruments and Credit Risk	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Measurements, Financial Instruments and Credit Risk	Fair Value Measurements, Financial Instruments and Credit Risk ASC 820, “Fair Value Measurements and Disclosures” defines fair value, establishes a consistent framework for measuring fair value and expands disclosure requirements about fair value measurements. ASC 820 requires entities to, among other things, maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. In accordance with ASC 820, these two types of inputs have created the following fair value hierarchy: • Level 1—Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets; • Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including: • Quoted prices for similar assets or liabilities in active markets • Quoted prices for identical or similar assets or liabilities in markets that are not active • Inputs other than quoted prices that are observable for the asset or liability • Inputs that are derived principally from or corroborated by observable market data by correlation or other means; and • Level 3—Inputs that are unobservable and reflect our assumptions used in pricing the asset or liability based on the best information available under the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows). Recurring Fair Value Measurements . The following tables set forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 . These financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment, which judgment may affect the valuation of their fair value and their placement within the fair value hierarchy levels. Fair Value Measurements at Reporting Date Using Balance Sheet Location September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Retirement plan asset – current Other current assets $ 272 $ 272 $ — $ — Retirement plan asset – noncurrent Other long-term assets $ 2,264 $ 2,264 $ — $ — Total $ 2,536 $ 2,536 $ — $ — Fair Value Measurements at Reporting Date Using Balance Sheet Location December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Retirement plan asset – current Other current assets $ 272 $ 272 $ — $ — Retirement plan asset – noncurrent Other long-term assets $ 2,055 $ 2,055 $ — $ — Total $ 2,327 $ 2,327 $ — $ — The following table presents the carrying values and approximate fair values of our long-term debt. September 30, 2015 December 31, 2014 Carrying Value Fair Value Carrying Value Fair Value (In thousands) (In thousands) 6.75% unsecured notes (quoted prices in active market for identical assets – level 1) $ 350,695 $ 350,000 $ 350,825 $ 358,750 Capital lease obligation (significant other observable inputs – level 2) $ 1,668 $ 1,668 $ 1,047 $ 1,047 Financial Instruments Foreign Currency Hedges. Periodically, we enter into foreign currency agreements to hedge or otherwise protect against fluctuations in foreign currency exchange rates. These agreements do not qualify for hedge accounting and gains/losses resulting from both the up-front premiums and/or settlement of the hedges at expiration of the agreements are recognized in the period in which they are incurred. For the three months ended September 30, 2015 and 2014 , we settled these hedges and recorded a loss of $1.9 million and a loss of $3.9 million , respectively, and for the nine months ended September 30, 2015 and 2014 , we recorded a loss of $5.9 million and a loss of $4.3 million , respectively, which are recorded in cost of goods sold. These contracts are structured such that these gains/losses from the mark-to-market impact of the hedging instruments materially offset the underlying foreign currency exchange gains/losses to reduce the overall impact of foreign currency exchange movements throughout the period. Credit Risk The use of derivatives creates exposure to credit risk relating to potential losses that could be recognized in the event that the counterparties to these instruments fail to perform their obligations under the contracts, which we seek to minimize by limiting our counterparties to major financial institutions with acceptable credit ratings and by monitoring the total value of positions with individual counterparties. In the event of a default by one of our counterparties, we may not receive payments provided for under the terms of our derivatives. We analyze our counterparties’ financial condition prior to extending credit and we establish credit limits and monitor the appropriateness of those limits on an ongoing basis. We also obtain cash, letters of credit or other acceptable forms of security from customers to provide credit support, where appropriate, based on our financial analysis of the customer and the contractual terms and conditions applicable to each transaction.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $3.1 million and $1.1 million for the three months ended September 30, 2015 and 2014 , respectively, and $4.1 million and $3.4 million for the nine months ended September 30, 2015 and 2014 , respectively. Our effective tax rate was 27.7% and 6.4% for the three months ended September 30, 2015 and 2014 , respectively, and (115.5)% and 15.2% for the nine months ended September 30, 2015 and 2014 , respectively. Our effective tax rates differed from the U.S. corporate statutory tax rate of 35.0% , primarily due to the reasons set forth below: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Income taxes at the statutory rate 35.0 % 35.0 % 35.0 % 35.0 % Foreign tax rate differential (32.7 )% (13.1 )% 109.5 % (16.8 )% Permanent differences 4.6 % 3.7 % (43.2 )% 8.4 % Uncertain tax positions 1.6 % 1.0 % (13.7 )% 2.9 % Valuation allowance 24.3 % (26.4 )% (226.0 )% (20.6 )% Return to provision adjustments (4.7 )% 5.2 % 13.5 % 5.9 % Other (0.4 )% 1.0 % 9.4 % 0.4 % Effective tax rate 27.7 % 6.4 % (115.5 )% 15.2 % We record a valuation allowance when it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. As of September 30, 2015 and December 31, 2014 , a valuation allowance of $97.4 million and $90.4 million , respectively, has been provided for net operating loss carryforwards and other deferred tax assets. We increased our valuation allowance by $2.7 million for the three months ended September 30, 2015 primarily related to current period net operating losses in the U.S. tax jurisdiction. We decreased our valuation allowance by $4.4 million for the three months ended September 30, 2014 , of which $2.5 million represents utilization of net operating losses in the current period and $1.9 million relates to the assessment of our ability to utilize net operating losses in future periods. We increased our valuation allowance by $7.0 million for the nine months ended September 30, 2015 , which includes $8.1 million related to current period net operating losses, partially offset by a $1.1 million decrease related to changes in other comprehensive income (loss). We decreased our valuation allowance by $4.6 million for the nine months ended September 30, 2014 , of which $2.7 million represents utilization of net operating losses in the current period and $1.9 million relates to the assessment of our ability to utilize net operating losses in future periods. Excluding the change in our valuation allowance, our effective tax rate would have been a 3.4% expense and a 31.7% expense for the three months ended September 30, 2015 and 2014 , respectively, and a 110.5% benefit and a 35.8% expense for the nine months ended September 30, 2015 , and 2014 , respectively. As of September 30, 2015 and December 31, 2014 , we had total unrecognized tax benefits of $4.8 million and $4.7 million , respectively, related to uncertain foreign tax positions, all of which, if recognized, would impact our effective tax rate. During the three months ended September 30, 2015 and 2014 , we had an increase in uncertain tax positions of $0.2 million and a decrease of $0.3 million , respectively, and an increase of $0.2 million and an increase of $0.2 million during the nine months ended September 30, 2015 , and 2014 , respectively, primarily related to uncertain tax positions in Europe. We recorded interest and penalties related to unrecognized tax benefits within the provision for income taxes. We believe that no current tax positions that have resulted in unrecognized tax benefits will significantly increase or decrease within one year. We file income tax returns in the U.S. federal jurisdiction and in various state and foreign jurisdictions. For our U.S. federal income tax returns, the statute of limitations has expired through the tax year ended December 31, 2003. As a result of net operating loss carryforwards from 2004, the statute of limitations remains open for all years subsequent to 2003. In addition, open tax years for state and foreign jurisdictions remain subject to examination.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies (a) Legal Proceedings We received notice from the tax authorities in Brazil assessing R $6.1 million , or $1.5 million (converted at the September 30, 2015 exchange rate), in connection with tax credits that were generated from the purchase of certain goods which were subsequently applied by us against taxes owed. We have appealed the assertion by the tax authorities in Brazil that the goods purchased were not eligible to earn the credits. While the outcome of this proceeding cannot be predicted with certainty, we do not expect this matter to have a material adverse effect upon our financial position, results of operations or cash flows. On January 28, 2014, we executed a definitive agreement (the “Combination Agreement”) to combine with the SBC operations of Taiwan-based LCY Chemical Corp. (“LCY”). The Combination Agreement called for LCY to contribute its SBC business in exchange for newly issued shares in the combined company, such that our existing stockholders and LCY would each own 50% of the outstanding shares of the combined enterprise. On June 30, 2014, we notified LCY that our Board of Directors intended to withdraw its recommendation to our stockholders to approve the Combination Agreement unless the parties could agree upon mutually acceptable revised terms to the Combination Agreement. This notice cited the decline in operating results for LCY’s SBC business in the first quarter of 2014 and a related decline in forecasted results thereafter, together with the decline in our stock price and negative reactions from our stockholders. Following our notification of our Board’s intention to change its recommendation, the parties engaged in discussions to determine whether they could mutually agree to changes to the terms of the Combination Agreement that would enable our Board to continue to recommend that our stockholders approve the Combination Agreement. The parties engaged in numerous discussions subsequent to June 30, 2014 regarding possible revisions to the terms of the Combination Agreement. On July 31, 2014, an explosion occurred in a pipeline owned by LCY in Kaohsiung, Taiwan, causing substantial property damage and loss of life, and numerous governmental and private investigations and claims have been initiated and asserted against LCY. On August 4, 2014, LCY notified us that it would no longer negotiate, and would not agree to, any revisions to the terms of the Combination Agreement. On August 6, 2014, our Board withdrew its recommendation that our stockholders approve the Combination Agreement. On August 8, 2014, we received notice from LCY that LCY had exercised its right to terminate the Combination Agreement. The provisions of the Combination Agreement provide for us to pay LCY a $25 million break-up fee upon a termination of the Combination Agreement following a withdrawal of our Board’s recommendation, unless an LCY material adverse effect has occurred and is continuing at the time of the withdrawal of our Board’s recommendation. In LCY’s notice terminating the Combination Agreement, LCY requested payment of such $25 million termination fee. On October 6, 2014, LCY filed a lawsuit against us in connection with our refusal to pay the $25 million termination fee. We believe that the impact upon LCY of the July 31, 2014 explosion in a gas pipeline in Kaohsiung, Taiwan, constitutes an LCY material adverse effect as defined in the Combination Agreement, and we have notified LCY that accordingly we are not obligated to pay the termination fee. On July 23, 2015, LCY's lawsuit was dismissed from the Delaware federal court on jurisdictional grounds. LCY has the right to re-file its suit in Delaware state court. As of the date of this filing, they had not re-filed their suit. While the ultimate resolution of this matter cannot be predicted with certainty, we do not expect any material adverse effect upon our financial position, results of operations or cash flows from the ultimate outcome of this matter. We and certain of our subsidiaries, from time to time, are parties to various other legal proceedings, claims and disputes that have arisen in the ordinary course of business. These claims may involve significant amounts, some of which would not be covered by insurance. A substantial settlement payment or judgment in excess of our accruals could have a material adverse effect on our financial position, results of operations or cash flows. While the outcome of these proceedings cannot be predicted with certainty, we do not expect any of these existing matters, individually or in the aggregate, to have a material adverse effect upon our financial position, results of operations or cash flows. (b) Asset Retirement Obligations. The changes in the aggregate carrying amount of our ARO liability are as follows: Nine months ended 2015 2014 (In thousands) Beginning balance $ 10,394 $ 10,497 Accretion expense 319 403 Obligations settled (25 ) (73 ) Foreign currency translation, net (306 ) (362 ) Ending Balance $ 10,382 $ 10,465 For a portion of our ARO liability related to the decommissioning of the coal boilers at our Belpre, Ohio, facility, we have recorded a $3.6 million receivable from Shell Chemicals as of September 30, 2015 pursuant to the indemnity included in the February 2001 separation agreement, which serves to offset the related ARO asset which is included in property, plant and equipment. (c) Production downtime In the first quarter of 2014 , we experienced weather-related downtime at our Belpre, Ohio, facility. In addition, our facility in Berre, France, experienced an operating disruption resulting from a small fire that impacted one of the production lines at this facility. We incurred $12.0 million of costs in the nine months ended September 30, 2014 associated with these two events. In the third quarter 2014 , we recorded a $1.0 million reduction of costs due to the confirmation of a partial insurance recovery which is included in receivables as of September 30, 2014 . Through September 30, 2015, we have received insurance recoveries totaling $2.2 million . (d) Contingent Fees Associated with Arizona Chemical Acquisition We have engaged with certain third-parties for services related to the Arizona Chemical Acquisition in exchange for fees that are contingent upon the successful financing and closing of the transaction. These fees have not been accrued as of September 30, 2015 and are expected to be payable at closing. There have been no other material changes to our Commitments and Contingencies disclosed in our most recently filed Annual Report on Form 10-K.

Employee Benefits

Employee Benefits	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefits	Employee Benefits Retirement Plans. The components of net periodic benefit cost related to U.S. pension benefits are as follows: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) (In thousands) Service cost $ 883 $ 700 $ 2,648 $ 2,100 Interest cost 1,620 1,543 4,860 4,628 Expected return on plan assets (2,115 ) (1,918 ) (6,345 ) (5,753 ) Amortization of prior service cost 1,060 460 3,180 1,380 Net periodic benefit cost $ 1,448 $ 785 $ 4,343 $ 2,355 We made contributions of $1.1 million and $7.2 million to our pension plan in the nine months ended September 30, 2015 and 2014 , respectively. The components of net periodic benefit cost related to other post-retirement benefits are as follows: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) (In thousands) Service cost $ 150 $ 140 $ 450 $ 375 Interest cost 318 348 953 953 Amortization of prior service cost 190 155 570 315 Net periodic benefit cost $ 658 $ 643 $ 1,973 $ 1,643

Industry Segment and Foreign Op

Industry Segment and Foreign Operations	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Industry Segment and Foreign Operations	Industry Segment and Foreign Operations We operate in one segment for the manufacturing and marketing of engineered polymers. In accordance with the provisions of ASC 280, “ Segment Reporting ,” our chief operating decision-maker has been identified as the President and Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire company. Since we operate in one segment and in one group of similar products, all financial segment and product line information required by ASC 280 can be found in the condensed consolidated financial statements. Our products are manufactured and our commercial activities are organized in the following product groups based upon polymer chemistry and process technologies: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) (In thousands) Revenue: Performance Products $ 147,987 $ 180,122 $ 420,889 $ 531,948 Specialty Polymers 86,828 98,742 263,082 317,551 Cariflex 34,044 39,959 102,069 104,564 Other 153 148 309 331 $ 269,012 $ 318,971 $ 786,349 $ 954,394 For geographic reporting, revenue is attributed to the geographic location in which the customers’ facilities are located. Long-lived assets consist primarily of property, plant and equipment, which are attributed to the geographic location in which they are located and are presented at historical cost. Following is a summary of revenue by geographic region: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) (In thousands) Revenue: United States $ 87,507 $ 95,816 $ 249,674 $ 298,434 Germany 32,485 45,380 92,188 125,992 China 20,759 19,212 61,475 58,517 Japan 18,096 24,224 52,877 61,706 Thailand 14,513 15,155 38,148 42,339 Brazil 7,079 11,867 25,774 38,375 France 7,932 10,644 24,489 34,654 United Kingdom 8,638 8,893 23,838 27,313 Malaysia 7,705 7,877 23,657 19,944 Italy 5,257 8,299 19,875 25,865 Belgium 6,183 8,544 18,953 33,830 Netherlands 5,881 6,673 17,711 19,959 Canada 4,296 3,652 11,964 12,316 Sweden 3,973 4,248 11,667 15,169 South Korea 2,819 2,786 10,471 10,681 Taiwan 3,107 4,021 10,429 14,690 Mexico 2,374 5,338 9,636 13,548 Turkey 3,193 3,054 8,369 9,606 Argentina 2,783 2,721 7,529 11,317 Denmark 2,245 1,988 6,991 6,280 Austria 2,399 4,058 6,845 10,508 All other countries $ 19,788 $ 24,521 $ 53,789 $ 63,351 $ 269,012 $ 318,971 $ 786,349 $ 954,394 Following is a summary of long-lived assets by geographic region: September 30, 2015 December 31, 2014 (In thousands) Long-lived assets, at cost: United States $ 490,522 $ 495,313 France 112,727 115,987 Taiwan 112,218 56,994 Germany 57,366 60,022 Brazil 55,422 71,970 Netherlands 32,744 29,838 China 7,040 7,273 Japan 1,788 1,637 All other countries 178 194 $ 870,005 $ 839,228

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We own a 50% equity investment in a SBC manufacturing joint venture in Kashima, Japan. Our due to related party liability on the condensed consolidated balance sheet is related to this joint venture and the purchases from the joint venture amounted to $7.6 million and $9.4 million for the three months ended September 30, 2015 and 2014 , respectively, and $22.4 million and $30.0 million for the nine months ended September 30, 2015 and 2014 , respectively. We own a 50% variable interest in KFPC, a HSBC manufacturing joint venture in Mailiao, Taiwan. The KFPC joint venture is fully consolidated in our financial statements, and our joint venture partner, Formosa Petrochemical Corporation (“FPCC”), is a related party affiliate. Under the terms of the joint venture agreement, FPCC is to provide certain site services and raw materials to KFPC. Charges from and amounts due to FPCC are immaterial through the period ended September 30, 2015 . See Note 15 Variable Interest Entity, for further discussion related to the KFPC joint venture.

Variable Interest Entity

Variable Interest Entity	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Variable Interest Entity	Variable Interest Entity We hold a variable interest in a joint venture with FPCC to build, own and operate a 30 kiloton HSBC plant at FPCC’s petrochemical site in Mailiao, Taiwan. Kraton and FPCC are each 50% owners of the joint venture company, KFPC. Under the provisions of an offtake agreement with KFPC, we have exclusive rights to purchase all production from KFPC. Additionally, the agreement requires us to purchase a minimum of eighty percent of the plant production capacity each year at a defined fixed margin. This offtake agreement represents a variable interest which provides us the power to direct the most significant activities of KFPC and exposes us to the economic variability of the joint venture. As such, we have determined that we are the primary beneficiary of this variable interest entity; and therefore, we have consolidated KFPC in our financial statements and reflected FPCC’s 50% percent ownership as a noncontrolling interest. The following table summarizes the carrying amounts of assets and liabilities as of September 30, 2015 and December 31, 2014 for KFPC before intercompany eliminations. See Note 7 Long Term Debt, for further discussion related to the KFPC Loan Agreement executed on July 17, 2014. September 30, 2015 December 31, 2014 (In thousands) Cash and cash equivalents $ 10,986 $ 7,993 Other current assets 5,222 2,533 Property, plant and equipment 112,066 56,904 Intangible assets 9,200 9,579 Other long-term assets 1,404 1,098 Total assets $ 138,878 $ 78,107 Current liabilities 16,126 2,771 Long-term debt 52,575 — Total liabilities $ 68,701 $ 2,771

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have evaluated significant events and transactions that occurred after the balance sheet date and determined that there were no other events or transactions that would require recognition or disclosure in our condensed consolidated financial statements for the period ended September 30, 2015 .

Supplemental Guarantor Informat

Supplemental Guarantor Information	9 Months Ended
	Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Information	Supplemental Guarantor Information Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, (“the Issuers”), are co-issuers of the 6.75% senior notes due March 1, 2019 . The 6.75% senior notes are fully and unconditionally guaranteed on a joint and several basis by KPPI, the parent company of the Issuers, and Elastomers Holdings LLC, which is a U.S. holding company and a 100% owned subsidiary of Kraton Polymers LLC, collectively, (“the Guarantors”). Our remaining subsidiaries are not guarantors of the 6.75% senior notes. We do not believe that separate financial statements and other disclosures concerning the guarantor subsidiaries would provide any additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2015 (Unaudited) (In thousands, except par value) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ — $ 1,258 $ 62,541 $ — $ 63,799 Receivables, net of allowances — 304 39,376 71,123 — 110,803 Inventories of products — (2,687 ) 154,431 112,361 — 264,105 Inventories of materials and supplies — — 9,734 1,611 — 11,345 Deferred income taxes — 3,566 — 3,410 — 6,976 Other current assets — 4,068 4,377 18,830 — 27,275 Total current assets — 5,251 209,176 269,876 — 484,303 Property, plant and equipment, less accumulated depreciation — 38,263 253,797 201,651 — 493,711 Intangible assets, less accumulated amortization — 40,855 1,908 597 — 43,360 Investment in consolidated subsidiaries 498,859 1,425,052 — — (1,923,911 ) — Investment in unconsolidated joint venture — 813 — 10,912 — 11,725 Debt issuance costs — 5,339 865 788 — 6,992 Deferred income taxes — 390 — 2,583 — 2,973 Other long-term assets — 27,296 653,008 88,643 (747,612 ) 21,335 Total assets $ 498,859 $ 1,543,259 $ 1,118,754 $ 575,050 $ (2,671,523 ) $ 1,064,399 LIABILITIES AND STOCKHOLDERS' AND MEMBER'S EQUITY Current liabilities: Current portion of long-term debt $ — $ — $ 139 $ — $ — $ 139 Accounts payable-trade — 1,097 23,748 39,324 — 64,169 Other payables and accruals — 23,611 16,693 26,300 — 66,604 Deferred income taxes — — — 1,549 — 1,549 Due to related party — — — 15,396 — 15,396 Total current liabilities — 24,708 40,580 82,569 — 147,857 Long-term debt, net of current portion — 350,695 1,529 52,575 — 404,799 Deferred income taxes — 11,255 — 1,438 — 12,693 Other long-term liabilities — 658,704 95,528 96,487 (747,612 ) 103,107 Total liabilities — 1,045,362 137,637 233,069 (747,612 ) 668,456 Commitments and contingencies (note 11) Stockholders' and member's equity: Preferred stock, $0.01 par value; 100,000 shares authorized; none issued — — — — — — Common stock, $0.01 par value; 500,000 shares authorized 305 — — — — 305 Additional paid in capital 347,462 — — — — 347,462 Member's equity — 498,859 1,050,324 374,728 (1,923,911 ) — Retained earnings 151,092 — — — — 151,092 Accumulated other comprehensive loss — (962 ) (69,207 ) (67,836 ) — (138,005 ) Kraton stockholders' and member's equity 498,859 497,897 981,117 306,892 (1,923,911 ) 360,854 Noncontrolling interest — — — 35,089 — 35,089 Total stockholders' and member's equity 498,859 497,897 981,117 341,981 (1,923,911 ) 395,943 Total liabilities and stockholders' and member's equity $ 498,859 $ 1,543,259 $ 1,118,754 $ 575,050 $ (2,671,523 ) $ 1,064,399 ________________________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014 (In thousands, except par value) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 646 $ 5,881 $ 47,291 $ — $ 53,818 Receivables, net of allowances — 553 37,266 69,613 — 107,432 Inventories of products — 35 201,146 125,811 — 326,992 Inventories of materials and supplies — — 9,092 1,876 — 10,968 Deferred income taxes — — 3,566 3,681 — 7,247 Other current assets — 5,317 931 18,273 — 24,521 Total current assets — 6,551 257,882 266,545 — 530,978 Property, plant and equipment, less accumulated depreciation — 46,081 248,220 157,464 — 451,765 Intangible assets, less accumulated amortization — 45,356 4,000 254 — 49,610 Investment in consolidated subsidiaries 529,701 1,382,584 — — (1,912,285 ) — Investment in unconsolidated joint venture — 813 — 11,835 — 12,648 Debt issuance costs — 4,674 1,297 1,182 — 7,153 Deferred income taxes — 428 — 1,748 — 2,176 Other long-term assets — 6,384 591,841 85,520 (655,623 ) 28,122 Total assets $ 529,701 $ 1,492,871 $ 1,103,240 $ 524,548 $ (2,567,908 ) $ 1,082,452 LIABILITIES AND STOCKHOLDERS’ AND MEMBER’S EQUITY Current liabilities: Current portion of long-term debt — — 87 — — 87 Accounts payable-trade — 637 30,332 41,817 — 72,786 Other payables and accruals — 21,913 14,017 14,958 — 50,888 Deferred income taxes — — — 1,633 — 1,633 Due to related party — — — 18,121 — 18,121 Total current liabilities — 22,550 44,436 76,529 — 143,515 Long-term debt, net of current portion — 350,825 960 — — 351,785 Deferred income taxes — 8,443 3,566 3,253 — 15,262 Other long-term liabilities — 582,462 93,191 83,709 (655,623 ) 103,739 Total liabilities — 964,280 142,153 163,491 (655,623 ) 614,301 Commitments and contingencies (note 11) Stockholders’ and member’s equity: Preferred stock, $.01 par value; 100,000 shares authorized; none issued — — — — — — Common stock, $.01 par value; 500,000 shares authorized 318 — — — — 318 Additional paid in capital 361,342 — — — — 361,342 Member’s equity — 529,701 1,030,294 352,290 (1,912,285 ) — Retained earnings 168,041 — — — — 168,041 Accumulated other comprehensive loss — (1,110 ) (69,207 ) (28,901 ) — (99,218 ) Kraton stockholders’ and member’s equity 529,701 528,591 961,087 323,389 (1,912,285 ) 430,483 Noncontrolling interest — — — 37,668 — 37,668 Total stockholders’ and member’s equity 529,701 528,591 961,087 361,057 (1,912,285 ) 468,151 Total liabilities and stockholders’ and member’s equity $ 529,701 $ 1,492,871 $ 1,103,240 $ 524,548 $ (2,567,908 ) $ 1,082,452 _____________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 140,767 $ 167,777 $ (39,532 ) $ 269,012 Cost of goods sold — 2,814 113,186 124,734 (39,532 ) 201,202 Gross profit (loss) — (2,814 ) 27,581 43,043 — 67,810 Operating expenses: Research and development — 1,713 1,128 4,756 — 7,597 Selling, general and administrative — 3,445 7,639 15,833 — 26,917 Depreciation and amortization — 5,652 7,882 2,611 — 16,145 Total operating expenses — 10,810 16,649 23,200 — 50,659 Earnings in consolidated subsidiaries 8,019 27,684 — — (35,703 ) — Earnings of unconsolidated joint venture — — — 95 — 95 Interest expense (income), net — 6,159 101 (109 ) — 6,151 Income before income taxes 8,019 7,901 10,831 20,047 (35,703 ) 11,095 Income tax expense (benefit) — (118 ) — 3,194 — 3,076 Consolidated net income 8,019 8,019 10,831 16,853 (35,703 ) 8,019 Net loss attributable to noncontrolling interest — — — (427 ) — (427 ) Net income attributable to Kraton $ 8,019 $ 8,019 $ 10,831 $ 17,280 $ (35,703 ) $ 8,446 _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 154,297 $ 205,428 $ (40,754 ) $ 318,971 Cost of goods sold — (4,000 ) 127,178 172,723 (40,754 ) 255,147 Gross profit — 4,000 27,119 32,705 — 63,824 Operating expenses: Research and development — 3,566 821 3,053 — 7,440 Selling, general and administrative — 8,741 137 7,496 — 16,374 Depreciation and amortization — 5,746 7,390 3,416 — 16,552 Total operating expenses — 18,053 8,348 13,965 — 40,366 Earnings in consolidated subsidiaries 16,317 35,993 — — (52,310 ) — Earnings of unconsolidated joint venture — — — 80 — 80 Interest expense (income), net — 6,183 (85 ) 1 — 6,099 Income before income taxes 16,317 15,757 18,856 18,819 (52,310 ) 17,439 Income tax expense (benefit) — (560 ) 196 1,486 — 1,122 Consolidated net income 16,317 16,317 18,660 17,333 (52,310 ) 16,317 Net loss attributable to noncontrolling interest — — — (298 ) — (298 ) Net income attributable to Kraton $ 16,317 $ 16,317 $ 18,660 $ 17,631 $ (52,310 ) $ 16,615 _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Nine Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 426,787 $ 489,124 $ (129,562 ) $ 786,349 Cost of goods sold — 13,680 352,599 387,825 (129,562 ) 624,542 Gross profit (loss) — (13,680 ) 74,188 101,299 — 161,807 Operating expenses (income): Research and development — 2,906 2,993 17,446 — 23,345 Selling, general and administrative — (3,090 ) 30,200 50,378 — 77,488 Depreciation and amortization — 16,897 21,863 8,092 — 46,852 Total operating expenses — 16,713 55,056 75,916 — 147,685 Earnings (loss) in consolidated subsidiaries (7,715 ) 41,329 — — (33,614 ) — Earnings of unconsolidated joint venture — — — 273 — 273 Interest expense (income), net — 18,581 (372 ) (234 ) — 17,975 Income (loss) before income taxes (7,715 ) (7,645 ) 19,504 25,890 (33,614 ) (3,580 ) Income tax expense (benefit) — 70 (527 ) 4,592 — 4,135 Consolidated net income (loss) (7,715 ) (7,715 ) 20,031 21,298 (33,614 ) (7,715 ) Net loss attributable to noncontrolling interest — — — (1,141 ) — (1,141 ) Net income (loss) attributable to Kraton $ (7,715 ) $ (7,715 ) $ 20,031 $ 22,439 $ (33,614 ) $ (6,574 ) _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Nine Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 485,368 $ 596,210 $ (127,184 ) $ 954,394 Cost of goods sold — (19,414 ) 391,743 516,272 (127,184 ) 761,417 Gross profit — 19,414 93,625 79,938 — 192,977 Operating expenses: Research and development — 12,115 1,758 9,863 — 23,736 Selling, general and administrative — 55,208 262 23,402 — 78,872 Depreciation and amortization — 16,870 21,912 10,848 — 49,630 Total operating expenses — 84,193 23,932 44,113 — 152,238 Earnings in consolidated subsidiaries 18,991 100,871 — — (119,862 ) — Earnings of unconsolidated joint venture — — — 324 — 324 Interest expense (income), net — 18,661 79 (73 ) — 18,667 Income before income taxes 18,991 17,431 69,614 36,222 (119,862 ) 22,396 Income tax expense (benefit) — (1,560 ) 201 4,764 — 3,405 Consolidated net income 18,991 18,991 69,413 31,458 (119,862 ) 18,991 Net loss attributable to noncontrolling interest — — — (858 ) — (858 ) Net income attributable to Kraton $ 18,991 $ 18,991 $ 69,413 $ 32,316 $ (119,862 ) $ 19,849 _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 8,019 $ 8,019 $ 10,831 $ 17,280 $ (35,703 ) $ 8,446 Other comprehensive loss: Foreign currency translation adjustments, net of tax of $0 — (75 ) — (14,897 ) — (14,972 ) Other comprehensive loss, net of tax — (75 ) — (14,897 ) — (14,972 ) Comprehensive income attributable to Kraton 8,019 7,944 10,831 2,383 (35,703 ) (6,526 ) Comprehensive loss attributable to noncontrolling interest — — — (2,717 ) — (2,717 ) Consolidated comprehensive income (loss) $ 8,019 $ 7,944 $ 10,831 $ (334 ) $ (35,703 ) $ (9,243 ) _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 16,317 $ 16,317 $ 18,660 $ 17,631 $ (52,310 ) $ 16,615 Other comprehensive loss: Foreign currency translation adjustments, net of tax — (264 ) — (28,323 ) — (28,587 ) Other comprehensive loss, net of tax — (264 ) — (28,323 ) — (28,587 ) Comprehensive income (loss) attributable to Kraton 16,317 16,053 18,660 (10,692 ) (52,310 ) (11,972 ) Comprehensive loss attributable to noncontrolling interest — — — (1,092 ) — (1,092 ) Consolidated comprehensive income (loss) $ 16,317 $ 16,053 $ 18,660 $ (11,784 ) $ (52,310 ) $ (13,064 ) __________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Nine Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) attributable to Kraton $ (7,715 ) $ (7,715 ) $ 20,031 $ 22,439 $ (33,614 ) $ (6,574 ) Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of $0 — 148 — (38,935 ) — (38,787 ) Other comprehensive income (loss), net of tax — 148 — (38,935 ) — (38,787 ) Comprehensive income (loss) attributable to Kraton (7,715 ) (7,567 ) 20,031 (16,496 ) (33,614 ) (45,361 ) Comprehensive loss attributable to noncontrolling interest — — — (2,579 ) — (2,579 ) Consolidated comprehensive income (loss) $ (7,715 ) $ (7,567 ) $ 20,031 $ (19,075 ) $ (33,614 ) $ (47,940 ) _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Nine Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 18,991 $ 18,991 $ 69,413 $ 32,316 $ (119,862 ) $ 19,849 Other comprehensive loss: Foreign currency translation adjustments, net of tax — (532 ) — (25,119 ) — (25,651 ) Other comprehensive loss, net of tax — (532 ) — (25,119 ) — (25,651 ) Comprehensive income (loss) attributable to Kraton 18,991 18,459 69,413 7,197 (119,862 ) (5,802 ) Comprehensive loss attributable to noncontrolling interest — — — (1,479 ) — (1,479 ) Consolidated comprehensive income (loss) $ 18,991 $ 18,459 $ 69,413 $ 5,718 $ (119,862 ) $ (7,281 ) __________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows provided by (used in) operating activities $ — $ (16,074 ) $ 73,706 $ 23,941 $ — $ 81,573 Cash flows used in investing activities: Proceeds from intercompany loans — 48,927 — — (48,927 ) — Kraton purchase of property, plant and equipment — (913 ) (29,257 ) (12,214 ) — (42,384 ) KFPC purchase of property, plant and equipment — — — (46,097 ) — (46,097 ) Purchase of software and other intangibles — (1,717 ) (46 ) — — (1,763 ) Net cash used in investing activities — 46,297 (29,303 ) (58,311 ) (48,927 ) (90,244 ) Cash flows provided by (used in) financing activities: Proceeds from debt — — 30,000 — — 30,000 Repayments of debt — — (30,000 ) — — (30,000 ) KFPC proceeds from debt — — — 55,622 — 55,622 Capital lease payments — — (99 ) — — (99 ) Purchase of treasury stock (31,891 ) — — — — (31,891 ) Cash contributions from member — (31,891 ) — — 31,891 — Cash distributions to member 30,869 1,022 — — (31,891 ) — Proceeds from the exercise of stock options 1,022 — — — — 1,022 Payments on intercompany loans — — (48,927 ) — 48,927 — Net cash provided by (used in) financing activities — (30,869 ) (49,026 ) 55,622 48,927 24,654 Effect of exchange rate differences on cash — — — (6,002 ) — (6,002 ) Net increase (decrease) in cash and cash equivalents — (646 ) (4,623 ) 15,250 — 9,981 Cash and cash equivalents, beginning of period — 646 5,881 47,291 — 53,818 Cash and cash equivalents, end of period $ — $ — $ 1,258 $ 62,541 $ — $ 63,799 __________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows provided by (used in) operating activities $ — $ (25,208 ) $ 64,822 $ (58,391 ) $ — $ (18,777 ) Cash flows provided by (used in) investing activities: Proceeds from intercompany loans — 27,679 — — (27,679 ) — Kraton purchase of property, plant and equipment — (725 ) (36,513 ) (10,301 ) — (47,539 ) KFPC purchase of property, plant and equipment — — — (33,807 ) — (33,807 ) Purchase of software and other intangibles — (2,724 ) — — — (2,724 ) Net cash provided by (used in) investing activities — 24,230 (36,513 ) (44,108 ) (27,679 ) (84,070 ) Cash flows provided by (used in) financing activities: Proceeds from debt — — 29,000 — — 29,000 Repayments of debt — — (29,000 ) — — (29,000 ) Capital lease payments — — (6,007 ) — — (6,007 ) Purchase of treasury stock (704 ) — — — — (704 ) Cash contributions from member — — (704 ) — 704 — Cash distributions to member (725 ) 1,429 — — (704 ) — Proceeds from the exercise of stock options 1,429 — — — — 1,429 Debt issuance costs (24 ) (461 ) (485 ) Payments on intercompany loans — — (27,679 ) — 27,679 — Net cash provided by (used in) financing activities — 1,405 (34,390 ) (461 ) 27,679 (5,767 ) Effect of exchange rate differences on cash — — — (4,971 ) — (4,971 ) Net increase (decrease) in cash and cash equivalents — 427 (6,081 ) (107,931 ) — (113,585 ) Cash and cash equivalents, beginning of period — — 11,792 164,080 — 175,872 Cash and cash equivalents, end of period $ — $ 427 $ 5,711 $ 56,149 $ — $ 62,287 ___________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision.

General (Policies)

General (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying unaudited condensed consolidated financial statements presented herein are for us and our consolidated subsidiaries, each of which is a wholly-owned subsidiary, except our 50% investment in our joint venture, Kraton Formosa Polymers Corporation (“KFPC”), located in Mailiao, Taiwan. KFPC is a variable interest entity for which we have determined that we are the primary beneficiary and, therefore, have consolidated into our financial statements. Our 50% investment in our joint venture located in Kashima, Japan is accounted for under the equity method of accounting. All significant intercompany transactions have been eliminated. These interim financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2014 and reflect all normal recurring adjustments that are, in the opinion of management, necessary to present fairly our results of operations and financial position. Amounts reported in our Condensed Consolidated Statements of Operations are not necessarily indicative of amounts expected for the respective annual periods or any other interim period, in particular due to the effect of seasonal changes and weather conditions that typically affect our sales into paving and roofing applications. Significant Accounting Policies. Our significant accounting policies have been disclosed in Note 1 Description of Business, Basis of Presentation and Significant Accounting Policies in our most recent Annual Report on Form 10-K. There have been no changes to the policies disclosed therein. The accompanying unaudited condensed consolidated financial statements we present in this report have been prepared in accordance with those policies.
Use of Estimates	Use of Estimates. The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include • the useful lives of fixed assets; • allowances for doubtful accounts and sales returns; • the valuation of derivatives, deferred tax assets, property, plant and equipment, inventory, investments and share-based compensation; and • liabilities for employee benefit obligations, environmental matters, asset retirement obligations (“ARO”), income tax uncertainties and other contingencies.
Income Tax in Interim Periods	Income Tax in Interim Periods. We conduct operations in separate legal entities in different jurisdictions. As a result, income tax amounts are reflected in these condensed consolidated financial statements for each of those jurisdictions. Tax laws and tax rates vary substantially in these jurisdictions and are subject to change based on the political and economic climate in those countries. We file our tax returns in accordance with our interpretations of each jurisdiction’s tax laws. We record our tax provision or benefit on an interim basis using the estimated annual effective tax rate. This rate is applied to the current period ordinary income or loss to determine the income tax provision or benefit allocated to the interim period. Losses from jurisdictions for which no benefit can be realized and the income tax effects of unusual and infrequent items are excluded from the estimated annual effective tax rate. Valuation allowances are provided against the future tax benefits that arise from the losses in jurisdictions for which no benefit can be realized. The effects of unusual and infrequent items are recognized in the impacted interim period as discrete items. The estimated annual effective tax rate may be significantly affected by nondeductible expenses and by our projected earnings mix by tax jurisdiction. Adjustments to the estimated annual effective income tax rate are recognized in the period during which such estimates are revised. We have established valuation allowances against a variety of deferred tax assets, including net operating loss carryforwards, foreign tax credits and other income tax credits. Valuation allowances take into consideration our expected ability to realize these deferred tax assets and reduce the value of such assets to the amount that is deemed more likely than not to be recoverable. Our ability to realize these deferred tax assets is dependent on achieving our forecast of future taxable operating income over an extended period of time. We review our forecast in relation to actual results and expected trends on a quarterly basis. If we fail to achieve our operating income targets, we may change our assessment regarding the recoverability of our net deferred tax assets and such change could result in a valuation allowance being recorded against some or all of our net deferred tax assets. A change in our valuation allowance would impact our income tax expense/benefit and our stockholders’ equity and could have a significant impact on our results of operations or financial condition in future periods.
New Accounting Pronouncements	Adoption of Accounting Standards We have implemented all new accounting pronouncements that are in effect and that management believes would materially affect our financial statements. New Accounting Standards In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers , which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. Recently, the effective date for the standard was deferred by one year and the standard is now effective for public entities for annual and interim periods beginning after December 15, 2017. Early adoption is permitted based on the original effective date. Our evaluation of this standard is currently ongoing and therefore, the effects of this standard on our financial position, results of operations and cash flows are not yet known. In April 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest . This standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of such debt liability. In adopting ASU 2015-03, companies must apply the guidance on a retrospective basis. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and early adoption is permitted. We plan to adopt ASU 2015-03 in accordance with these requirements. We have assessed the impact of this new standard on our Condensed Consolidated Financial Statements and concluded that it would result in reductions of approximately $1.3 million , $5.3 million , and $6.6 million of other current assets, debt issuance costs, and long-term debt, respectively, as of September 30, 2015 . In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory . This standard changes the measurement principle for inventory from the lower of cost or market to the lower of cost or net realizable value. ASU 2015-11 defines net realizable value as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The guidance must be applied on a prospective basis and is effective for periods beginning after December 15, 2016, with early adoption permitted. Our evaluation of this standard is currently ongoing and therefore, the effects of this standard on our consolidated financial statements are not yet known. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . This standard requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This includes recording in the reporting period the effect on earnings of changes in depreciation, amortization or other income effects as a result of the change to the provisional amounts as if the accounting had been completed at the acquisition date. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and early adoption is permitted. We plan to adopt this new standard in association with the pending Arizona Chemical Acquisition.

Detail of Certain Balance She27

Detail of Certain Balance Sheet Accounts (Tables)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Detail of certain balance sheet accounts	September 30, 2015 December 31, 2014 (In thousands) Inventories of products: Finished products $ 210,796 $ 253,834 Work in progress 4,201 5,552 Raw materials 49,108 67,606 Total inventories of products $ 264,105 $ 326,992 Other payables and accruals: Employee related $ 22,832 $ 16,156 Interest payable 2,171 7,959 Property, plant and equipment accruals 15,650 3,864 Other 25,951 22,909 Total other payables and accruals $ 66,604 $ 50,888 Other long-term liabilities: Pension and other postretirement benefits $ 91,418 $ 86,605 Other 11,689 17,134 Total other long-term liabilities $ 103,107 $ 103,739 Accumulated other comprehensive loss: Foreign currency translation adjustments $ (60,657 ) $ (21,870 ) Net unrealized loss on net investment hedge (1,926 ) (1,926 ) Benefit plans liability (75,422 ) (75,422 ) Total accumulated other comprehensive loss $ (138,005 ) $ (99,218 )

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Calculations of basic and diluted earnings per share	The calculations of basic and diluted EPS are as follows: Three months ended September 30, 2015 Three months ended September 30, 2014 Net Income Attributable to Kraton Weighted Average Shares Outstanding Earnings Per Share Net Income Attributable to Kraton Weighted Average Shares Outstanding Earnings Per Share (In thousands, except per share data) (In thousands, except per share data) Basic: As reported $ 8,446 31,061 $ 16,615 32,807 Amounts allocated to unvested restricted shares (152 ) (558 ) (249 ) (492 ) Amounts available to common stockholders 8,294 30,503 $ 0.27 16,366 32,315 $ 0.51 Diluted: Amounts allocated to unvested restricted shares 152 558 249 492 Non participating share units — 175 — 123 Stock options added under the treasury stock method — 171 — 162 Amounts reallocated to unvested restricted shares (150 ) (558 ) (247 ) (492 ) Amounts available to stockholders and assumed conversions $ 8,296 30,849 $ 0.27 $ 16,368 32,600 $ 0.50 Nine months ended September 30, 2015 Nine months ended September 30, 2014 Net Loss Attributable to Kraton Weighted Average Shares Outstanding Loss Per Share Net Income Attributable to Kraton Weighted Average Shares Outstanding Earnings Per Share (In thousands, except per share data) (In thousands, except per share data) Basic: As reported $ (6,574 ) 31,332 $ 19,849 32,741 Amounts allocated to unvested restricted shares 116 (553 ) (298 ) (492 ) Amounts available to common stockholders (6,458 ) 30,779 $ (0.21 ) 19,551 32,249 $ 0.61 Diluted: Amounts allocated to unvested restricted shares (116 ) 553 298 492 Non participating share units — — — 107 Stock options added under the treasury stock method — — — 234 Amounts reallocated to unvested restricted shares 116 (553 ) (295 ) (492 ) Amounts available to stockholders and assumed conversions $ (6,458 ) 30,779 $ (0.21 ) $ 19,554 32,590 $ 0.60

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consists of the following: September 30, 2015 December 31, 2014 (In thousands) 6.75% unsecured notes $ 350,695 $ 350,825 KFPC loan agreement 52,575 — Capital lease obligation 1,668 1,047 Total debt 404,938 351,872 Less current portion of total debt 139 87 Long-term debt $ 404,799 $ 351,785
Remaining principal payments on outstanding total debt	The remaining principal payments on our outstanding total debt as of September 30, 2015 , are as follows: Principal Payments (In thousands) September 30: 2016 $ 139 2017 5,405 2018 10,672 2019 360,682 2020 26,464 Thereafter 881 Total debt $ 404,243

Fair Value Measurements, Fina30

Fair Value Measurements, Financial Instruments and Credit Risk (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of financial assets and liabilities accounted for at fair value on a recurring basis	The following tables set forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 . These financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment, which judgment may affect the valuation of their fair value and their placement within the fair value hierarchy levels. Fair Value Measurements at Reporting Date Using Balance Sheet Location September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Retirement plan asset – current Other current assets $ 272 $ 272 $ — $ — Retirement plan asset – noncurrent Other long-term assets $ 2,264 $ 2,264 $ — $ — Total $ 2,536 $ 2,536 $ — $ — Fair Value Measurements at Reporting Date Using Balance Sheet Location December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Retirement plan asset – current Other current assets $ 272 $ 272 $ — $ — Retirement plan asset – noncurrent Other long-term assets $ 2,055 $ 2,055 $ — $ — Total $ 2,327 $ 2,327 $ — $ —
Schedule of carrying values and approximate fair values of long-term debt	The following table presents the carrying values and approximate fair values of our long-term debt. September 30, 2015 December 31, 2014 Carrying Value Fair Value Carrying Value Fair Value (In thousands) (In thousands) 6.75% unsecured notes (quoted prices in active market for identical assets – level 1) $ 350,695 $ 350,000 $ 350,825 $ 358,750 Capital lease obligation (significant other observable inputs – level 2) $ 1,668 $ 1,668 $ 1,047 $ 1,047

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Reconciliation of effective tax rates	Our effective tax rates differed from the U.S. corporate statutory tax rate of 35.0% , primarily due to the reasons set forth below: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Income taxes at the statutory rate 35.0 % 35.0 % 35.0 % 35.0 % Foreign tax rate differential (32.7 )% (13.1 )% 109.5 % (16.8 )% Permanent differences 4.6 % 3.7 % (43.2 )% 8.4 % Uncertain tax positions 1.6 % 1.0 % (13.7 )% 2.9 % Valuation allowance 24.3 % (26.4 )% (226.0 )% (20.6 )% Return to provision adjustments (4.7 )% 5.2 % 13.5 % 5.9 % Other (0.4 )% 1.0 % 9.4 % 0.4 % Effective tax rate 27.7 % 6.4 % (115.5 )% 15.2 % Our effective tax rates differed from the U.S. corporate statutory tax rate of 35.0% , primarily due to the reasons set forth below: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Income taxes at the statutory rate 35.0 % 35.0 % 35.0 % 35.0 % Foreign tax rate differential (32.7 )% (13.1 )% 109.5 % (16.8 )% Permanent differences 4.6 % 3.7 % (43.2 )% 8.4 % Uncertain tax positions 1.6 % 1.0 % (13.7 )% 2.9 % Valuation allowance 24.3 % (26.4 )% (226.0 )% (20.6 )% Return to provision adjustments (4.7 )% 5.2 % 13.5 % 5.9 % Other (0.4 )% 1.0 % 9.4 % 0.4 % Effective tax rate 27.7 % 6.4 % (115.5 )% 15.2 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Changes in the aggregate carrying amount of ARO liability	The changes in the aggregate carrying amount of our ARO liability are as follows: Nine months ended 2015 2014 (In thousands) Beginning balance $ 10,394 $ 10,497 Accretion expense 319 403 Obligations settled (25 ) (73 ) Foreign currency translation, net (306 ) (362 ) Ending Balance $ 10,382 $ 10,465

Employee Benefits (Tables)

Employee Benefits (Tables)	9 Months Ended
	Sep. 30, 2015
U.S. pension benefits
Defined Benefit Plan Disclosure [Line Items]
Components of net periodic benefit cost	The components of net periodic benefit cost related to U.S. pension benefits are as follows: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) (In thousands) Service cost $ 883 $ 700 $ 2,648 $ 2,100 Interest cost 1,620 1,543 4,860 4,628 Expected return on plan assets (2,115 ) (1,918 ) (6,345 ) (5,753 ) Amortization of prior service cost 1,060 460 3,180 1,380 Net periodic benefit cost $ 1,448 $ 785 $ 4,343 $ 2,355
Other post-retirement benefits
Defined Benefit Plan Disclosure [Line Items]
Components of net periodic benefit cost	The components of net periodic benefit cost related to other post-retirement benefits are as follows: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) (In thousands) Service cost $ 150 $ 140 $ 450 $ 375 Interest cost 318 348 953 953 Amortization of prior service cost 190 155 570 315 Net periodic benefit cost $ 658 $ 643 $ 1,973 $ 1,643

Industry Segment and Foreign 34

Industry Segment and Foreign Operations (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Sales revenue for primary product lines	Our products are manufactured and our commercial activities are organized in the following product groups based upon polymer chemistry and process technologies: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) (In thousands) Revenue: Performance Products $ 147,987 $ 180,122 $ 420,889 $ 531,948 Specialty Polymers 86,828 98,742 263,082 317,551 Cariflex 34,044 39,959 102,069 104,564 Other 153 148 309 331 $ 269,012 $ 318,971 $ 786,349 $ 954,394
Summary of revenue by geographic region	Following is a summary of revenue by geographic region: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) (In thousands) Revenue: United States $ 87,507 $ 95,816 $ 249,674 $ 298,434 Germany 32,485 45,380 92,188 125,992 China 20,759 19,212 61,475 58,517 Japan 18,096 24,224 52,877 61,706 Thailand 14,513 15,155 38,148 42,339 Brazil 7,079 11,867 25,774 38,375 France 7,932 10,644 24,489 34,654 United Kingdom 8,638 8,893 23,838 27,313 Malaysia 7,705 7,877 23,657 19,944 Italy 5,257 8,299 19,875 25,865 Belgium 6,183 8,544 18,953 33,830 Netherlands 5,881 6,673 17,711 19,959 Canada 4,296 3,652 11,964 12,316 Sweden 3,973 4,248 11,667 15,169 South Korea 2,819 2,786 10,471 10,681 Taiwan 3,107 4,021 10,429 14,690 Mexico 2,374 5,338 9,636 13,548 Turkey 3,193 3,054 8,369 9,606 Argentina 2,783 2,721 7,529 11,317 Denmark 2,245 1,988 6,991 6,280 Austria 2,399 4,058 6,845 10,508 All other countries $ 19,788 $ 24,521 $ 53,789 $ 63,351 $ 269,012 $ 318,971 $ 786,349 $ 954,394
Summary of long-lived assets by geographic region	Following is a summary of long-lived assets by geographic region: September 30, 2015 December 31, 2014 (In thousands) Long-lived assets, at cost: United States $ 490,522 $ 495,313 France 112,727 115,987 Taiwan 112,218 56,994 Germany 57,366 60,022 Brazil 55,422 71,970 Netherlands 32,744 29,838 China 7,040 7,273 Japan 1,788 1,637 All other countries 178 194 $ 870,005 $ 839,228

Variable Interest Entity (Table

Variable Interest Entity (Tables)	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Summary of carrying amounts of assets and liabilities	The following table summarizes the carrying amounts of assets and liabilities as of September 30, 2015 and December 31, 2014 for KFPC before intercompany eliminations. See Note 7 Long Term Debt, for further discussion related to the KFPC Loan Agreement executed on July 17, 2014. September 30, 2015 December 31, 2014 (In thousands) Cash and cash equivalents $ 10,986 $ 7,993 Other current assets 5,222 2,533 Property, plant and equipment 112,066 56,904 Intangible assets 9,200 9,579 Other long-term assets 1,404 1,098 Total assets $ 138,878 $ 78,107 Current liabilities 16,126 2,771 Long-term debt 52,575 — Total liabilities $ 68,701 $ 2,771

Supplemental Guarantor Inform36

Supplemental Guarantor Information (Tables)	9 Months Ended
	Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2015 (Unaudited) (In thousands, except par value) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ — $ 1,258 $ 62,541 $ — $ 63,799 Receivables, net of allowances — 304 39,376 71,123 — 110,803 Inventories of products — (2,687 ) 154,431 112,361 — 264,105 Inventories of materials and supplies — — 9,734 1,611 — 11,345 Deferred income taxes — 3,566 — 3,410 — 6,976 Other current assets — 4,068 4,377 18,830 — 27,275 Total current assets — 5,251 209,176 269,876 — 484,303 Property, plant and equipment, less accumulated depreciation — 38,263 253,797 201,651 — 493,711 Intangible assets, less accumulated amortization — 40,855 1,908 597 — 43,360 Investment in consolidated subsidiaries 498,859 1,425,052 — — (1,923,911 ) — Investment in unconsolidated joint venture — 813 — 10,912 — 11,725 Debt issuance costs — 5,339 865 788 — 6,992 Deferred income taxes — 390 — 2,583 — 2,973 Other long-term assets — 27,296 653,008 88,643 (747,612 ) 21,335 Total assets $ 498,859 $ 1,543,259 $ 1,118,754 $ 575,050 $ (2,671,523 ) $ 1,064,399 LIABILITIES AND STOCKHOLDERS' AND MEMBER'S EQUITY Current liabilities: Current portion of long-term debt $ — $ — $ 139 $ — $ — $ 139 Accounts payable-trade — 1,097 23,748 39,324 — 64,169 Other payables and accruals — 23,611 16,693 26,300 — 66,604 Deferred income taxes — — — 1,549 — 1,549 Due to related party — — — 15,396 — 15,396 Total current liabilities — 24,708 40,580 82,569 — 147,857 Long-term debt, net of current portion — 350,695 1,529 52,575 — 404,799 Deferred income taxes — 11,255 — 1,438 — 12,693 Other long-term liabilities — 658,704 95,528 96,487 (747,612 ) 103,107 Total liabilities — 1,045,362 137,637 233,069 (747,612 ) 668,456 Commitments and contingencies (note 11) Stockholders' and member's equity: Preferred stock, $0.01 par value; 100,000 shares authorized; none issued — — — — — — Common stock, $0.01 par value; 500,000 shares authorized 305 — — — — 305 Additional paid in capital 347,462 — — — — 347,462 Member's equity — 498,859 1,050,324 374,728 (1,923,911 ) — Retained earnings 151,092 — — — — 151,092 Accumulated other comprehensive loss — (962 ) (69,207 ) (67,836 ) — (138,005 ) Kraton stockholders' and member's equity 498,859 497,897 981,117 306,892 (1,923,911 ) 360,854 Noncontrolling interest — — — 35,089 — 35,089 Total stockholders' and member's equity 498,859 497,897 981,117 341,981 (1,923,911 ) 395,943 Total liabilities and stockholders' and member's equity $ 498,859 $ 1,543,259 $ 1,118,754 $ 575,050 $ (2,671,523 ) $ 1,064,399 ________________________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014 (In thousands, except par value) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 646 $ 5,881 $ 47,291 $ — $ 53,818 Receivables, net of allowances — 553 37,266 69,613 — 107,432 Inventories of products — 35 201,146 125,811 — 326,992 Inventories of materials and supplies — — 9,092 1,876 — 10,968 Deferred income taxes — — 3,566 3,681 — 7,247 Other current assets — 5,317 931 18,273 — 24,521 Total current assets — 6,551 257,882 266,545 — 530,978 Property, plant and equipment, less accumulated depreciation — 46,081 248,220 157,464 — 451,765 Intangible assets, less accumulated amortization — 45,356 4,000 254 — 49,610 Investment in consolidated subsidiaries 529,701 1,382,584 — — (1,912,285 ) — Investment in unconsolidated joint venture — 813 — 11,835 — 12,648 Debt issuance costs — 4,674 1,297 1,182 — 7,153 Deferred income taxes — 428 — 1,748 — 2,176 Other long-term assets — 6,384 591,841 85,520 (655,623 ) 28,122 Total assets $ 529,701 $ 1,492,871 $ 1,103,240 $ 524,548 $ (2,567,908 ) $ 1,082,452 LIABILITIES AND STOCKHOLDERS’ AND MEMBER’S EQUITY Current liabilities: Current portion of long-term debt — — 87 — — 87 Accounts payable-trade — 637 30,332 41,817 — 72,786 Other payables and accruals — 21,913 14,017 14,958 — 50,888 Deferred income taxes — — — 1,633 — 1,633 Due to related party — — — 18,121 — 18,121 Total current liabilities — 22,550 44,436 76,529 — 143,515 Long-term debt, net of current portion — 350,825 960 — — 351,785 Deferred income taxes — 8,443 3,566 3,253 — 15,262 Other long-term liabilities — 582,462 93,191 83,709 (655,623 ) 103,739 Total liabilities — 964,280 142,153 163,491 (655,623 ) 614,301 Commitments and contingencies (note 11) Stockholders’ and member’s equity: Preferred stock, $.01 par value; 100,000 shares authorized; none issued — — — — — — Common stock, $.01 par value; 500,000 shares authorized 318 — — — — 318 Additional paid in capital 361,342 — — — — 361,342 Member’s equity — 529,701 1,030,294 352,290 (1,912,285 ) — Retained earnings 168,041 — — — — 168,041 Accumulated other comprehensive loss — (1,110 ) (69,207 ) (28,901 ) — (99,218 ) Kraton stockholders’ and member’s equity 529,701 528,591 961,087 323,389 (1,912,285 ) 430,483 Noncontrolling interest — — — 37,668 — 37,668 Total stockholders’ and member’s equity 529,701 528,591 961,087 361,057 (1,912,285 ) 468,151 Total liabilities and stockholders’ and member’s equity $ 529,701 $ 1,492,871 $ 1,103,240 $ 524,548 $ (2,567,908 ) $ 1,082,452 _____________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision.
Consolidating Statement of Operations	KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 140,767 $ 167,777 $ (39,532 ) $ 269,012 Cost of goods sold — 2,814 113,186 124,734 (39,532 ) 201,202 Gross profit (loss) — (2,814 ) 27,581 43,043 — 67,810 Operating expenses: Research and development — 1,713 1,128 4,756 — 7,597 Selling, general and administrative — 3,445 7,639 15,833 — 26,917 Depreciation and amortization — 5,652 7,882 2,611 — 16,145 Total operating expenses — 10,810 16,649 23,200 — 50,659 Earnings in consolidated subsidiaries 8,019 27,684 — — (35,703 ) — Earnings of unconsolidated joint venture — — — 95 — 95 Interest expense (income), net — 6,159 101 (109 ) — 6,151 Income before income taxes 8,019 7,901 10,831 20,047 (35,703 ) 11,095 Income tax expense (benefit) — (118 ) — 3,194 — 3,076 Consolidated net income 8,019 8,019 10,831 16,853 (35,703 ) 8,019 Net loss attributable to noncontrolling interest — — — (427 ) — (427 ) Net income attributable to Kraton $ 8,019 $ 8,019 $ 10,831 $ 17,280 $ (35,703 ) $ 8,446 _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 154,297 $ 205,428 $ (40,754 ) $ 318,971 Cost of goods sold — (4,000 ) 127,178 172,723 (40,754 ) 255,147 Gross profit — 4,000 27,119 32,705 — 63,824 Operating expenses: Research and development — 3,566 821 3,053 — 7,440 Selling, general and administrative — 8,741 137 7,496 — 16,374 Depreciation and amortization — 5,746 7,390 3,416 — 16,552 Total operating expenses — 18,053 8,348 13,965 — 40,366 Earnings in consolidated subsidiaries 16,317 35,993 — — (52,310 ) — Earnings of unconsolidated joint venture — — — 80 — 80 Interest expense (income), net — 6,183 (85 ) 1 — 6,099 Income before income taxes 16,317 15,757 18,856 18,819 (52,310 ) 17,439 Income tax expense (benefit) — (560 ) 196 1,486 — 1,122 Consolidated net income 16,317 16,317 18,660 17,333 (52,310 ) 16,317 Net loss attributable to noncontrolling interest — — — (298 ) — (298 ) Net income attributable to Kraton $ 16,317 $ 16,317 $ 18,660 $ 17,631 $ (52,310 ) $ 16,615 _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Nine Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 426,787 $ 489,124 $ (129,562 ) $ 786,349 Cost of goods sold — 13,680 352,599 387,825 (129,562 ) 624,542 Gross profit (loss) — (13,680 ) 74,188 101,299 — 161,807 Operating expenses (income): Research and development — 2,906 2,993 17,446 — 23,345 Selling, general and administrative — (3,090 ) 30,200 50,378 — 77,488 Depreciation and amortization — 16,897 21,863 8,092 — 46,852 Total operating expenses — 16,713 55,056 75,916 — 147,685 Earnings (loss) in consolidated subsidiaries (7,715 ) 41,329 — — (33,614 ) — Earnings of unconsolidated joint venture — — — 273 — 273 Interest expense (income), net — 18,581 (372 ) (234 ) — 17,975 Income (loss) before income taxes (7,715 ) (7,645 ) 19,504 25,890 (33,614 ) (3,580 ) Income tax expense (benefit) — 70 (527 ) 4,592 — 4,135 Consolidated net income (loss) (7,715 ) (7,715 ) 20,031 21,298 (33,614 ) (7,715 ) Net loss attributable to noncontrolling interest — — — (1,141 ) — (1,141 ) Net income (loss) attributable to Kraton $ (7,715 ) $ (7,715 ) $ 20,031 $ 22,439 $ (33,614 ) $ (6,574 ) _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Nine Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 485,368 $ 596,210 $ (127,184 ) $ 954,394 Cost of goods sold — (19,414 ) 391,743 516,272 (127,184 ) 761,417 Gross profit — 19,414 93,625 79,938 — 192,977 Operating expenses: Research and development — 12,115 1,758 9,863 — 23,736 Selling, general and administrative — 55,208 262 23,402 — 78,872 Depreciation and amortization — 16,870 21,912 10,848 — 49,630 Total operating expenses — 84,193 23,932 44,113 — 152,238 Earnings in consolidated subsidiaries 18,991 100,871 — — (119,862 ) — Earnings of unconsolidated joint venture — — — 324 — 324 Interest expense (income), net — 18,661 79 (73 ) — 18,667 Income before income taxes 18,991 17,431 69,614 36,222 (119,862 ) 22,396 Income tax expense (benefit) — (1,560 ) 201 4,764 — 3,405 Consolidated net income 18,991 18,991 69,413 31,458 (119,862 ) 18,991 Net loss attributable to noncontrolling interest — — — (858 ) — (858 ) Net income attributable to Kraton $ 18,991 $ 18,991 $ 69,413 $ 32,316 $ (119,862 ) $ 19,849 _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision.
Consolidating Statement of Comprehensive Income	KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 8,019 $ 8,019 $ 10,831 $ 17,280 $ (35,703 ) $ 8,446 Other comprehensive loss: Foreign currency translation adjustments, net of tax of $0 — (75 ) — (14,897 ) — (14,972 ) Other comprehensive loss, net of tax — (75 ) — (14,897 ) — (14,972 ) Comprehensive income attributable to Kraton 8,019 7,944 10,831 2,383 (35,703 ) (6,526 ) Comprehensive loss attributable to noncontrolling interest — — — (2,717 ) — (2,717 ) Consolidated comprehensive income (loss) $ 8,019 $ 7,944 $ 10,831 $ (334 ) $ (35,703 ) $ (9,243 ) _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 16,317 $ 16,317 $ 18,660 $ 17,631 $ (52,310 ) $ 16,615 Other comprehensive loss: Foreign currency translation adjustments, net of tax — (264 ) — (28,323 ) — (28,587 ) Other comprehensive loss, net of tax — (264 ) — (28,323 ) — (28,587 ) Comprehensive income (loss) attributable to Kraton 16,317 16,053 18,660 (10,692 ) (52,310 ) (11,972 ) Comprehensive loss attributable to noncontrolling interest — — — (1,092 ) — (1,092 ) Consolidated comprehensive income (loss) $ 16,317 $ 16,053 $ 18,660 $ (11,784 ) $ (52,310 ) $ (13,064 ) __________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Nine Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) attributable to Kraton $ (7,715 ) $ (7,715 ) $ 20,031 $ 22,439 $ (33,614 ) $ (6,574 ) Other comprehensive income (loss): Foreign currency translation adjustments, net of tax of $0 — 148 — (38,935 ) — (38,787 ) Other comprehensive income (loss), net of tax — 148 — (38,935 ) — (38,787 ) Comprehensive income (loss) attributable to Kraton (7,715 ) (7,567 ) 20,031 (16,496 ) (33,614 ) (45,361 ) Comprehensive loss attributable to noncontrolling interest — — — (2,579 ) — (2,579 ) Consolidated comprehensive income (loss) $ (7,715 ) $ (7,567 ) $ 20,031 $ (19,075 ) $ (33,614 ) $ (47,940 ) _________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Nine Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 18,991 $ 18,991 $ 69,413 $ 32,316 $ (119,862 ) $ 19,849 Other comprehensive loss: Foreign currency translation adjustments, net of tax — (532 ) — (25,119 ) — (25,651 ) Other comprehensive loss, net of tax — (532 ) — (25,119 ) — (25,651 ) Comprehensive income (loss) attributable to Kraton 18,991 18,459 69,413 7,197 (119,862 ) (5,802 ) Comprehensive loss attributable to noncontrolling interest — — — (1,479 ) — (1,479 ) Consolidated comprehensive income (loss) $ 18,991 $ 18,459 $ 69,413 $ 5,718 $ (119,862 ) $ (7,281 ) __________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision.
Consolidating Statement of Cash Flows	KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2015 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows provided by (used in) operating activities $ — $ (16,074 ) $ 73,706 $ 23,941 $ — $ 81,573 Cash flows used in investing activities: Proceeds from intercompany loans — 48,927 — — (48,927 ) — Kraton purchase of property, plant and equipment — (913 ) (29,257 ) (12,214 ) — (42,384 ) KFPC purchase of property, plant and equipment — — — (46,097 ) — (46,097 ) Purchase of software and other intangibles — (1,717 ) (46 ) — — (1,763 ) Net cash used in investing activities — 46,297 (29,303 ) (58,311 ) (48,927 ) (90,244 ) Cash flows provided by (used in) financing activities: Proceeds from debt — — 30,000 — — 30,000 Repayments of debt — — (30,000 ) — — (30,000 ) KFPC proceeds from debt — — — 55,622 — 55,622 Capital lease payments — — (99 ) — — (99 ) Purchase of treasury stock (31,891 ) — — — — (31,891 ) Cash contributions from member — (31,891 ) — — 31,891 — Cash distributions to member 30,869 1,022 — — (31,891 ) — Proceeds from the exercise of stock options 1,022 — — — — 1,022 Payments on intercompany loans — — (48,927 ) — 48,927 — Net cash provided by (used in) financing activities — (30,869 ) (49,026 ) 55,622 48,927 24,654 Effect of exchange rate differences on cash — — — (6,002 ) — (6,002 ) Net increase (decrease) in cash and cash equivalents — (646 ) (4,623 ) 15,250 — 9,981 Cash and cash equivalents, beginning of period — 646 5,881 47,291 — 53,818 Cash and cash equivalents, end of period $ — $ — $ 1,258 $ 62,541 $ — $ 63,799 __________________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision. KRATON PERFORMANCE POLYMERS, INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2014 (Unaudited) (In thousands) KPPI Kraton Polymers LLC (1) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows provided by (used in) operating activities $ — $ (25,208 ) $ 64,822 $ (58,391 ) $ — $ (18,777 ) Cash flows provided by (used in) investing activities: Proceeds from intercompany loans — 27,679 — — (27,679 ) — Kraton purchase of property, plant and equipment — (725 ) (36,513 ) (10,301 ) — (47,539 ) KFPC purchase of property, plant and equipment — — — (33,807 ) — (33,807 ) Purchase of software and other intangibles — (2,724 ) — — — (2,724 ) Net cash provided by (used in) investing activities — 24,230 (36,513 ) (44,108 ) (27,679 ) (84,070 ) Cash flows provided by (used in) financing activities: Proceeds from debt — — 29,000 — — 29,000 Repayments of debt — — (29,000 ) — — (29,000 ) Capital lease payments — — (6,007 ) — — (6,007 ) Purchase of treasury stock (704 ) — — — — (704 ) Cash contributions from member — — (704 ) — 704 — Cash distributions to member (725 ) 1,429 — — (704 ) — Proceeds from the exercise of stock options 1,429 — — — — 1,429 Debt issuance costs (24 ) (461 ) (485 ) Payments on intercompany loans — — (27,679 ) — 27,679 — Net cash provided by (used in) financing activities — 1,405 (34,390 ) (461 ) 27,679 (5,767 ) Effect of exchange rate differences on cash — — — (4,971 ) — (4,971 ) Net increase (decrease) in cash and cash equivalents — 427 (6,081 ) (107,931 ) — (113,585 ) Cash and cash equivalents, beginning of period — — 11,792 164,080 — 175,872 Cash and cash equivalents, end of period $ — $ 427 $ 5,711 $ 56,149 $ — $ 62,287 ___________________________________ (1) Kraton Polymers LLC and Kraton Polymers Capital Corporation, a financing subsidiary, collectively, the Issuers, are co-issuers of the 6.75% senior notes due March 1, 2019. Kraton Polymers Capital Corporation has minimal assets and income. We do not believe that separate financial information concerning the Issuers would provide additional information that would be material to investors in making an investment decision.

General (Details)

General (Details)	9 Months Ended
	Sep. 30, 2015facility
Schedule of Equity Method Investments [Line Items]
Number of manufacturing facilities	5
Kraton Formosa Polymers Corporation
Schedule of Equity Method Investments [Line Items]
Percentage of investment in joint venture	50.00%
Styrenic Block Copolymer Joint Venture
Schedule of Equity Method Investments [Line Items]
Percentage of investment in joint venture	50.00%

New Accounting Pronouncements (

New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other current assets	$ (27,275)	$ (24,521)
Debt issuance costs	(6,992)	(7,153)
Long-term debt	(404,799)	$ (351,785)
New Accounting Pronouncement, Early Adoption, Effect
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other current assets	1,300
Debt issuance costs	5,300
Long-term debt	$ 6,600

Pending Acquisition of Arizon39

Pending Acquisition of Arizona Chemical (Details) $ in Millions	Sep. 27, 2015USD ($)
Arizona Chemical [Member]
Business Acquisition [Line Items]
Cash purchase price	$ 1,370

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation expense	$ 2	$ 2.3	$ 6.6	$ 8.5

Detail of Certain Balance She41

Detail of Certain Balance Sheet Accounts (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventories of products:
Finished products	$ 210,796	$ 253,834
Work in progress	4,201	5,552
Raw materials	49,108	67,606
Total inventories of products	264,105	326,992
Other payables and accruals:
Employee related	22,832	16,156
Interest payable	2,171	7,959
Property, plant and equipment accruals	15,650	3,864
Other	25,951	22,909
Total other payables and accruals	66,604	50,888
Other long-term liabilities:
Pension and other postretirement benefits	91,418	86,605
Other	11,689	17,134
Total other long-term liabilities	103,107	103,739
Accumulated other comprehensive loss:
Foreign currency translation adjustments	(60,657)	(21,870)
Net unrealized loss on net investment hedge	(1,926)	(1,926)
Benefit plans liability	(75,422)	(75,422)
Total accumulated other comprehensive loss	$ (138,005)	$ (99,218)

Earnings Per Share ("EPS") - Ad

Earnings Per Share ("EPS") - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended		11 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Oct. 27, 2014
Earnings Per Share Basic [Line Items]
Weighted average restricted share units outstanding	558,431	491,926	553,400	491,684
Shares paid for tax withholding for share based compensation	0	1,793	27,947	27,173
Stock options added under the treasury stock method	171,000	162,000	0	234,000
Aggregate purchase price						$ 50,000,000
Number of repurchased common stock	827,142				2,549,683
Average price per common share	$ 20.77				$ 19.58
Total repurchase cost (excluding trading commissions)	$ 17,200,000				$ 50,000,000
Restricted Share Units
Earnings Per Share Basic [Line Items]
Stock options added under the treasury stock method	143,204	87,696	0	80,335
Antidilutive securities due to net loss excluded from computation of diluted earnings per share			133,317
Performance Share Units
Earnings Per Share Basic [Line Items]
Stock options added under the treasury stock method	32,498	34,811	0	27,032
Antidilutive securities due to net loss excluded from computation of diluted earnings per share			33,564
Antidilutive securities excluded from computation of diluted earnings per share	279,328	102,396	279,328	102,396
Stock Options
Earnings Per Share Basic [Line Items]
Stock options added under the treasury stock method	170,602	162,049	0	233,594
Antidilutive securities excluded from computation of diluted earnings per share	906,954	1,008,497	1,472,988	987,843

Earnings Per Share ("EPS") - Ca

Earnings Per Share ("EPS") - Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income (Loss) Attributable to Kraton, Basic:
As reported	$ 8,446	$ 16,615	$ (6,574)	$ 19,849
Amounts allocated to unvested restricted shares	152	249	(116)	298
Amounts available to common stockholders	8,294	16,366	(6,458)	19,551
Amounts allocated to unvested restricted shares	152	249	(116)	298
Net Income (Loss) Attributable to Kraton, Diluted:
Amounts allocated to unvested restricted shares	152	249	(116)	298
Amounts reallocated to unvested restricted shares	(150)	(247)	116	(295)
Amounts available to stockholders and assumed conversions	$ 8,296	$ 16,368	$ (6,458)	$ 19,554
Weighted Average Shares Outstanding, Basic:
As reported	31,061	32,807	31,332	32,741
Amounts allocated to unvested restricted shares	(558)	(492)	(553)	(492)
Amounts available to common stockholders	30,503	32,315	30,779	32,249
Weighted Average Shares Outstanding, Diluted:
Amounts allocated to unvested restricted shares	558	492	553	492
Non participating share units	175	123	0	107
Stock options added under the treasury stock method	171	162	0	234
Amounts allocated to unvested restricted shares	(558)	(492)	(553)	(492)
Amounts available to stockholders and assumed conversions	30,849	32,600	30,779	32,590
Earnings per share, basic (in dollars per share)	$ 0.27	$ 0.51	$ (0.21)	$ 0.61
Earnings per share, diluted (in dollars per share)	$ 0.27	$ 0.50	$ (0.21)	$ 0.60

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) $ in Thousands, TWD in Billions	Sep. 30, 2015USD ($)	Sep. 30, 2015TWD	Dec. 31, 2014USD ($)	Sep. 30, 2014
Debt Instrument [Line Items]
Long-term debt, gross	$ 404,938		$ 351,872
Less current portion of total debt	139		87
Long-term debt	404,799		351,785
Kraton Formosa Polymers Corporation Loan Agreement
Debt Instrument [Line Items]
Long-term debt, gross	52,575	TWD 1.7	0
6.75% Unsecured Notes Due 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 350,695		$ 350,825
Debt instrument interest rate	6.75%	6.75%	6.75%	6.75%
Capital Lease Obligation
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,668		$ 1,047

Long-Term Debt - Senior Secured

Long-Term Debt - Senior Secured Credit Facilities (Details) - USD ($)	Oct. 26, 2015	Jul. 17, 2014	Sep. 30, 2015	Sep. 30, 2015	Mar. 31, 2013
Debt Instrument [Line Items]
Credit facility, additional borrowing capacity			$ 100,000,000	$ 100,000,000
Line of credit facility expiration date				Mar. 27, 2018
Percentage added to basis		1.70%
Credit facility, borrowing capacity			169,600,000	$ 169,600,000
Borrowing base drawn				$ 0
Subsequent Event
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 167,800,000
Borrowing base drawn	$ 0
Minimum
Debt Instrument [Line Items]
Percentage of revolving credit facility commitments				60.00%
Dutch Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, borrowing capacity					$ 100,000,000
Credit facility, additional borrowing capacity			$ 40,000,000	$ 40,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Effective interest rate			3.75%	2.04%
Commitment fee, annual rate				0.375%
US Senior Secured Credit Facility
Debt Instrument [Line Items]
Credit facility, borrowing capacity					$ 150,000,000
Senior Secured Credit Agreement | LIBOR Rate Plus
Debt Instrument [Line Items]
Percentage added to basis				1.00%
Senior Secured Credit Agreement | Federal Funds Rate
Debt Instrument [Line Items]
Percentage added to basis				0.50%
Senior Secured Credit Agreement | Dutch Senior Secured Revolving Credit Facility | Minimum | LIBOR Rate Plus
Debt Instrument [Line Items]
Percentage added to basis				1.50%
Senior Secured Credit Agreement | Dutch Senior Secured Revolving Credit Facility | Minimum | Domestic Base Rate
Debt Instrument [Line Items]
Percentage added to basis				0.50%
Senior Secured Credit Agreement | Dutch Senior Secured Revolving Credit Facility | Minimum | Foreign Base Rate
Debt Instrument [Line Items]
Percentage added to basis				1.50%
Senior Secured Credit Agreement | Dutch Senior Secured Revolving Credit Facility | Maximum | LIBOR Rate Plus
Debt Instrument [Line Items]
Percentage added to basis				2.00%
Senior Secured Credit Agreement | Dutch Senior Secured Revolving Credit Facility | Maximum | Domestic Base Rate
Debt Instrument [Line Items]
Percentage added to basis				1.00%
Senior Secured Credit Agreement | Dutch Senior Secured Revolving Credit Facility | Maximum | Foreign Base Rate
Debt Instrument [Line Items]
Percentage added to basis				2.00%
Senior Secured Credit Agreement | Swingline Loans | LIBOR Rate Plus
Debt Instrument [Line Items]
Percentage added to basis				1.00%
Senior Secured Credit Agreement | Swingline Loans | Federal Funds Rate
Debt Instrument [Line Items]
Percentage added to basis				0.50%
Senior Secured Credit Facilities Financial Covenant | Minimum
Debt Instrument [Line Items]
Percentage of commitment and borrowing base				12.50%
Credit facility, borrowing capacity			$ 31,250,000	$ 31,250,000
Fixed charge coverage ratio			100.00%	100.00%
Senior Secured Credit Facilities Financial Covenant | Minimum | US Commitment and Borrowing Base
Debt Instrument [Line Items]
Percentage of commitment and borrowing base				12.50%
Credit facility, borrowing capacity			$ 18,750,000	$ 18,750,000

Long-Term Debt - 6.75% Senior N

Long-Term Debt - 6.75% Senior Notes due 2019 (Details) - 6.75% Unsecured Notes Due 2019 - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Debt Instrument [Line Items]
Senior note face amount	$ 350,000,000
Debt instrument interest rate	6.75%	6.75%	6.75%
Debt instrument maturity date	Mar. 1, 2019
Debt instrument frequency of periodic payment	semi-annually

Long-Term Debt - Capital Lease

Long-Term Debt - Capital Lease (Details) - USD ($) $ in Thousands	1 Months Ended		9 Months Ended
	Mar. 31, 2015	Jan. 31, 2014	Sep. 30, 2015	Sep. 30, 2014
Debt Disclosure [Abstract]
Capital lease term (in years)		10 years
Capital lease, principal amount	$ 700	$ 7,000	$ 681	$ 7,033

Long-Term Debt - KFPC Loan Agre

Long-Term Debt - KFPC Loan Agreement (Details)	Jul. 17, 2014USD ($)	Sep. 30, 2015USD ($)installment	Sep. 30, 2015USD ($)installment	Dec. 31, 2019USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2015TWDinstallment	Dec. 31, 2014USD ($)	Jul. 17, 2014TWD
Debt Instrument [Line Items]
Long-term debt, gross		$ 404,938,000	$ 404,938,000						$ 351,872,000
Line of credit facility, fixed interest rate	0.80%									0.80%
Percentage added to basis	1.70%
Kraton Formosa Polymers Corporation Loan Agreement
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 166,300,000									TWD 5,500,000,000
Long-term debt, gross		$ 52,575,000	$ 52,575,000					TWD 1,700,000,000	$ 0
Loan agreement term (in years)			5 years
Effective interest rate			1.80%
Debt to equity ratio	3									3
Minimum tangible net worth required	$ 50,000,000
Kraton Formosa Polymers Corporation Loan Agreement | Kraton Polymers LLC
Debt Instrument [Line Items]
Percentage of indebtedness payable	50.00%									50.00%
Kraton Formosa Polymers Corporation Loan Agreement | Scenario, Forecast
Debt Instrument [Line Items]
Debt to equity ratio					1.2
Minimum tangible net worth required				$ 100,000,000
Interest coverage ratio						5	2.5
Kraton Formosa Polymers Corporation Loan Agreement | Tranche A
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 129,700,000									TWD 4,290,000,000
Kraton Formosa Polymers Corporation Loan Agreement | Tranche B
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 36,600,000									TWD 1,210,000,000
Kraton Formosa Polymers Corporation Loan Agreement | First Five Installments
Debt Instrument [Line Items]
Payment of outstanding principal amount (as a percent)	10.00%									10.00%
Kraton Formosa Polymers Corporation Loan Agreement | Final Installment
Debt Instrument [Line Items]
Payment of outstanding principal amount (as a percent)	50.00%									50.00%
Credit Facility
Debt Instrument [Line Items]
Effective interest rate		3.75%	2.04%
Credit Facility | Kraton Formosa Polymers Corporation Loan Agreement
Debt Instrument [Line Items]
Loan agreement drawdown term (in months)			28 months
Loan agreement extension term (in years)			2 years
Number of semi-annual principal installments | installment		6	6					6
Loan agreement subsequent payments, term (in months)			6 months

Long-Term Debt - Remaining Prin

Long-Term Debt - Remaining Principal Payments on Outstanding Total Debt (Details) $ in Thousands	Sep. 30, 2015USD ($)
Debt Disclosure [Abstract]
2,016	$ 139
2,017	5,405
2,018	10,672
2,019	360,682
2,020	26,464
Thereafter	881
Total debt	$ 404,243

Debt Issuance Costs (Details)

Debt Issuance Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Debt Instrument [Line Items]
Net debt issuance costs	$ 9.4		$ 9.4		$ 9.5
Amortization of debt issuance costs	0.6	$ 0.6	1.7	$ 1.7
Arizona Chemical [Member]
Debt Instrument [Line Items]
Debt issuance costs	1.7
Kraton Formosa Polymers Corporation Loan Agreement
Debt Instrument [Line Items]
Debt issuance costs					0.5
Other current assets
Debt Instrument [Line Items]
Net debt issuance costs	$ 2.4		$ 2.4		$ 2.3

Fair Value Measurements, Fina51

Fair Value Measurements, Financial Instruments and Credit Risk - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Retirement plan asset – current	$ 272	$ 272
Retirement plan asset – noncurrent	2,264	2,055
Total	2,536	2,327
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Retirement plan asset – current	272	272
Retirement plan asset – noncurrent	2,264	2,055
Total	2,536	2,327
Significant Other Observable Inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Retirement plan asset – current	0	0
Retirement plan asset – noncurrent	0	0
Total	0	0
Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Retirement plan asset – current	0	0
Retirement plan asset – noncurrent	0	0
Total	$ 0	$ 0

Fair Value Measurements, Fina52

Fair Value Measurements, Financial Instruments and Credit Risk - Carrying Values and Approximate Fair Values of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
6.75% Unsecured Notes Due 2019
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 350,695	$ 350,825
6.75% Unsecured Notes Due 2019 | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair Value	350,000	358,750
Capital Lease Obligation
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	1,668	1,047
Capital Lease Obligation | Significant Other Observable Inputs (Level 2)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair Value	$ 1,668	$ 1,047

Fair Value Measurements, Fina53

Fair Value Measurements, Financial Instruments and Credit Risk - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Foreign Currency Hedges
Derivative [Line Items]
Aggregate loss on settlement of hedges	$ 1.9	$ 3.9	$ 5.9	$ 4.3

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Tax Rates (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Income taxes at the statutory rate	35.00%	35.00%	35.00%	35.00%
Foreign tax rate differential	(32.70%)	(13.10%)	109.50%	(16.80%)
Permanent differences	4.60%	3.70%	(43.20%)	8.40%
Uncertain tax positions	1.60%	1.00%	(13.70%)	2.90%
Valuation allowance	24.30%	(26.40%)	(226.00%)	(20.60%)
Return to provision adjustments	(4.70%)	5.20%	13.50%	5.90%
Other	(0.40%)	1.00%	9.40%	0.40%
Effective tax rate	27.70%	6.40%	(115.50%)	15.20%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Operating Loss Carryforwards [Line Items]
Income tax expense	$ 3,076,000	$ 1,122,000	$ 4,135,000	$ 3,405,000
Effective tax rate	27.70%	6.40%	(115.50%)	15.20%
Income taxes at the statutory rate	35.00%	35.00%	35.00%	35.00%
Valuation allowance for deferred tax assets	$ 97,400,000		$ 97,400,000		$ 90,400,000
Increase (decrease) in valuation allowance	$ 2,700,000	$ (4,400,000)	$ 7,000,000	$ (4,600,000)
Effective income tax expense (benefit), excluding change in valuation allowance (as a percent)	(3.40%)	31.70%	(110.50%)	35.80%
Unrecognized tax benefits	$ 4,800,000		$ 4,800,000		$ 4,700,000
Increase in uncertain tax positions primarily related to uncertain tax positions in Europe	200,000	$ (300,000)	200,000	$ 200,000
Current tax positions that have resulted in unrecognized tax benefits	0		0
Current period net operating losses
Operating Loss Carryforwards [Line Items]
Increase (decrease) in valuation allowance			8,100,000
Impacts on tax provision	(2,500,000)		(2,700,000)
Changes in other comprehensive income (loss)
Operating Loss Carryforwards [Line Items]
Increase (decrease) in valuation allowance			(1,100,000)
Assessment of ability to utilize net operating loss carryforwards
Operating Loss Carryforwards [Line Items]
Impacts on tax provision	$ (1,900,000)		$ (1,900,000)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Thousands, BRL in Millions	3 Months Ended	9 Months Ended		21 Months Ended
	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2015BRL	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Loss Contingencies [Line Items]
Tax credits generated from purchase of certain goods		$ 1,500		$ 1,500	BRL 6.1
Receivable pursuant to indemnity	$ 10,465	10,382	$ 10,465	10,382		$ 10,394	$ 10,497
Cost of production downtime	$ 1,000		$ 12,000
Insurance recoveries				$ 2,200
LCY Chemical Corp.
Loss Contingencies [Line Items]
Termination fee		$ 25,000
LCY Chemical Corp.
Loss Contingencies [Line Items]
Percentage of equity investment		50.00%		50.00%	50.00%
Shell Chemicals
Loss Contingencies [Line Items]
Receivable pursuant to indemnity		$ 3,600		$ 3,600

Commitments and Contingencies57

Commitments and Contingencies - Changes in Aggregate Carrying Amount of Asset Retirement Obligation Liability (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Beginning balance	$ 10,394	$ 10,497
Accretion expense	319	403
Obligations settled	(25)	(73)
Foreign currency translation, net	(306)	(362)
Ending Balance	$ 10,382	$ 10,465

Employee Benefits - Components

Employee Benefits - Components of Net Periodic Benefit Cost Related to U.S Pension Benefits (Details) - U.S. pension benefits - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 883	$ 700	$ 2,648	$ 2,100
Interest cost	1,620	1,543	4,860	4,628
Expected return on plan assets	(2,115)	(1,918)	(6,345)	(5,753)
Amortization of prior service cost	1,060	460	3,180	1,380
Net periodic benefit cost	$ 1,448	$ 785	$ 4,343	$ 2,355

Employee Benefits - Additional

Employee Benefits - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
U.S. pension benefits
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 1.1	$ 7.2

Employee Benefits - Component60

Employee Benefits - Components of Net Periodic Cost Related to Other Post-Retirement Benefits (Details) - Other post-retirement benefits - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 150	$ 140	$ 450	$ 375
Interest cost	318	348	953	953
Amortization of prior service cost	190	155	570	315
Net periodic benefit cost	$ 658	$ 643	$ 1,973	$ 1,643

Industry Segment and Foreign 61

Industry Segment and Foreign Operations - Additional Information (Details)	9 Months Ended
	Sep. 30, 2015segment
Segment Reporting [Abstract]
Number of operating segments	1

Industry Segment and Foreign 62

Industry Segment and Foreign Operations - Sales Revenue by Product Groups (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Revenue	$ 269,012	$ 318,971	$ 786,349	$ 954,394
Operating Segments | Performance Products
Segment Reporting Information [Line Items]
Revenue	147,987	180,122	420,889	531,948
Operating Segments | Specialty Polymers
Segment Reporting Information [Line Items]
Revenue	86,828	98,742	263,082	317,551
Operating Segments | Cariflex
Segment Reporting Information [Line Items]
Revenue	34,044	39,959	102,069	104,564
Other
Segment Reporting Information [Line Items]
Revenue	$ 153	$ 148	$ 309	$ 331

Industry Segment and Foreign 63

Industry Segment and Foreign Operations - Sales Revenue by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	$ 269,012	$ 318,971	$ 786,349	$ 954,394
Reportable Geographic Regions | United States
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	87,507	95,816	249,674	298,434
Reportable Geographic Regions | Germany
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	32,485	45,380	92,188	125,992
Reportable Geographic Regions | China
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	20,759	19,212	61,475	58,517
Reportable Geographic Regions | Japan
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	18,096	24,224	52,877	61,706
Reportable Geographic Regions | Thailand
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	14,513	15,155	38,148	42,339
Reportable Geographic Regions | Brazil
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	7,079	11,867	25,774	38,375
Reportable Geographic Regions | France
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	7,932	10,644	24,489	34,654
Reportable Geographic Regions | Malaysia
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	7,705	7,877	23,657	19,944
Reportable Geographic Regions | United Kingdom
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	8,638	8,893	23,838	27,313
Reportable Geographic Regions | Italy
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	5,257	8,299	19,875	25,865
Reportable Geographic Regions | Belgium
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	6,183	8,544	18,953	33,830
Reportable Geographic Regions | Netherlands
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	5,881	6,673	17,711	19,959
Reportable Geographic Regions | Sweden
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	3,973	4,248	11,667	15,169
Reportable Geographic Regions | Canada
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	4,296	3,652	11,964	12,316
Reportable Geographic Regions | South Korea
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	2,819	2,786	10,471	10,681
Reportable Geographic Regions | Taiwan
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	3,107	4,021	10,429	14,690
Reportable Geographic Regions | Mexico
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	2,374	5,338	9,636	13,548
Reportable Geographic Regions | Turkey
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	3,193	3,054	8,369	9,606
Reportable Geographic Regions | Denmark
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	2,245	1,988	6,991	6,280
Reportable Geographic Regions | Argentina
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	2,783	2,721	7,529	11,317
Reportable Geographic Regions | Austria
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	2,399	4,058	6,845	10,508
Reportable Geographic Regions | All other countries
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	$ 19,788	$ 24,521	$ 53,789	$ 63,351

Industry Segment and Foreign 64

Industry Segment and Foreign Operations - Long-Lived Assets by Geographic Region (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	$ 870,005	$ 839,228
Reportable Geographic Regions | United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	490,522	495,313
Reportable Geographic Regions | France
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	112,727	115,987
Reportable Geographic Regions | Taiwan
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	112,218	56,994
Reportable Geographic Regions | Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	57,366	60,022
Reportable Geographic Regions | Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	55,422	71,970
Reportable Geographic Regions | Netherlands
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	32,744	29,838
Reportable Geographic Regions | China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	7,040	7,273
Reportable Geographic Regions | Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	1,788	1,637
Reportable Geographic Regions | All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	$ 178	$ 194

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Variable Interest Entity, Primary Beneficiary | Kraton Formosa Polymers Corporation
Related Party Transaction [Line Items]
Variable interest entity, ownership percentage			50.00%
Styrenic Block Copolymer Joint Venture
Related Party Transaction [Line Items]
Percentage of equity investment	50.00%		50.00%
Related party liability	$ 7.6	$ 9.4	$ 22.4	$ 30

Variable Interest Entity - Addi

Variable Interest Entity - Additional Information (Details)	9 Months Ended
	Sep. 30, 2015kt
Kraton Formosa Polymers Corporation | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Variable interest entity, ownership percentage	50.00%
Taiwan | Kraton Formosa Polymers Corporation | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Minimum purchase commitment of plant production (as a percent)	80.00%
Joint venture | Taiwan | Formosa Petrochemical Corporation
Variable Interest Entity [Line Items]
Capacity of HSBC plant	30

Variable Interest Entity - Summ

Variable Interest Entity - Summary of Carrying Amounts of Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Noncontrolling Interest [Line Items]
Cash and cash equivalents	$ 63,799	$ 53,818	$ 62,287	$ 175,872
Other current assets	27,275	24,521
Property, plant and equipment	493,711	451,765
Intangible assets	43,360	49,610
Other long-term assets	21,335	28,122
Total assets	1,064,399	1,082,452
Total current liabilities	147,857	143,515
Long-term debt	404,799	351,785
Total liabilities	668,456	614,301
Kraton Formosa Polymers Corporation
Noncontrolling Interest [Line Items]
Cash and cash equivalents	10,986	7,993
Other current assets	5,222	2,533
Property, plant and equipment	112,066	56,904
Intangible assets	9,200	9,579
Other long-term assets	1,404	1,098
Total assets	138,878	78,107
Total current liabilities	16,126	2,771
Long-term debt	52,575	0
Total liabilities	$ 68,701	$ 2,771

Supplemental Guarantor Inform68

Supplemental Guarantor Information - Additional Information (Details)	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
6.75% Unsecured Notes Due 2019
Debt Instrument [Line Items]
Debt instrument interest rate	6.75%	6.75%	6.75%

Supplemental Guarantor Inform69

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 63,799	$ 53,818	$ 62,287	$ 175,872
Receivables, net of allowances	110,803	107,432
Inventories of products	264,105	326,992
Inventories of materials and supplies	11,345	10,968
Deferred income taxes	6,976	7,247
Other current assets	27,275	24,521
Total current assets	484,303	530,978
Property, plant and equipment, less accumulated depreciation	493,711	451,765
Intangible assets, less accumulated amortization	43,360	49,610
Investment in consolidated subsidiaries	0	0
Investment in unconsolidated joint venture	11,725	12,648
Debt issuance costs	6,992	7,153
Deferred income taxes	2,973	2,176
Other long-term assets	21,335	28,122
Total assets	1,064,399	1,082,452
Current liabilities:
Current portion of long-term debt	139	87
Accounts payable-trade	64,169	72,786
Other payables and accruals	66,604	50,888
Deferred income taxes	1,549	1,633
Due to related party	15,396	18,121
Total current liabilities	147,857	143,515
Long-term debt, net of current portion	404,799	351,785
Deferred income taxes	12,693	15,262
Other long-term liabilities	103,107	103,739
Total liabilities	$ 668,456	$ 614,301
Commitments and contingencies (note 11)
Stockholders' and member's equity:
Preferred stock, $0.01 par value; 100,000 shares authorized; none issued	$ 0	$ 0
Common stock, $0.01 par value; 500,000 shares authorized	305	318
Additional paid in capital	347,462	361,342
Member's equity	0	0
Retained earnings	151,092	168,041
Accumulated other comprehensive loss	(138,005)	(99,218)
Total Kraton stockholders' equity	360,854	430,483
Noncontrolling interest	35,089	37,668
Total equity	395,943	468,151	556,310	554,398
Total liabilities and equity	1,064,399	1,082,452
Eliminations
Current assets:
Cash and cash equivalents	0	0	0	0
Receivables, net of allowances	0	0
Inventories of products	0	0
Inventories of materials and supplies	0	0
Deferred income taxes	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, less accumulated depreciation	0	0
Intangible assets, less accumulated amortization	0	0
Investment in consolidated subsidiaries	(1,923,911)	(1,912,285)
Investment in unconsolidated joint venture	0	0
Debt issuance costs	0	0
Deferred income taxes	0	0
Other long-term assets	(747,612)	(655,623)
Total assets	(2,671,523)	(2,567,908)
Current liabilities:
Current portion of long-term debt	0	0
Accounts payable-trade	0	0
Other payables and accruals	0	0
Deferred income taxes	0	0
Due to related party	0	0
Total current liabilities	0	0
Long-term debt, net of current portion	0	0
Deferred income taxes	0	0
Other long-term liabilities	(747,612)	(655,623)
Total liabilities	$ (747,612)	$ (655,623)
Commitments and contingencies (note 11)
Stockholders' and member's equity:
Preferred stock, $0.01 par value; 100,000 shares authorized; none issued	$ 0	$ 0
Common stock, $0.01 par value; 500,000 shares authorized	0	0
Additional paid in capital	0	0
Member's equity	(1,923,911)	(1,912,285)
Retained earnings	0	0
Accumulated other comprehensive loss	0	0
Total Kraton stockholders' equity	(1,923,911)	(1,912,285)
Noncontrolling interest	0	0
Total equity	(1,923,911)	(1,912,285)
Total liabilities and equity	(2,671,523)	(2,567,908)
KPPI
Current assets:
Cash and cash equivalents	0	0	0	0
Receivables, net of allowances	0	0
Inventories of products	0	0
Inventories of materials and supplies	0	0
Deferred income taxes	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, less accumulated depreciation	0	0
Intangible assets, less accumulated amortization	0	0
Investment in consolidated subsidiaries	498,859	529,701
Investment in unconsolidated joint venture	0	0
Debt issuance costs	0	0
Deferred income taxes	0	0
Other long-term assets	0	0
Total assets	498,859	529,701
Current liabilities:
Current portion of long-term debt	0	0
Accounts payable-trade	0	0
Other payables and accruals	0	0
Deferred income taxes	0	0
Due to related party	0	0
Total current liabilities	0	0
Long-term debt, net of current portion	0	0
Deferred income taxes	0	0
Other long-term liabilities	0	0
Total liabilities	$ 0	$ 0
Commitments and contingencies (note 11)
Stockholders' and member's equity:
Preferred stock, $0.01 par value; 100,000 shares authorized; none issued	$ 0	$ 0
Common stock, $0.01 par value; 500,000 shares authorized	305	318
Additional paid in capital	347,462	361,342
Member's equity	0	0
Retained earnings	151,092	168,041
Accumulated other comprehensive loss	0	0
Total Kraton stockholders' equity	498,859	529,701
Noncontrolling interest	0	0
Total equity	498,859	529,701
Total liabilities and equity	498,859	529,701
Kraton Polymers LLC
Current assets:
Cash and cash equivalents	0	646	427	0
Receivables, net of allowances	304	553
Inventories of products	(2,687)	35
Inventories of materials and supplies	0	0
Deferred income taxes	3,566	0
Other current assets	4,068	5,317
Total current assets	5,251	6,551
Property, plant and equipment, less accumulated depreciation	38,263	46,081
Intangible assets, less accumulated amortization	40,855	45,356
Investment in consolidated subsidiaries	1,425,052	1,382,584
Investment in unconsolidated joint venture	813	813
Debt issuance costs	5,339	4,674
Deferred income taxes	390	428
Other long-term assets	27,296	6,384
Total assets	1,543,259	1,492,871
Current liabilities:
Current portion of long-term debt	0	0
Accounts payable-trade	1,097	637
Other payables and accruals	23,611	21,913
Deferred income taxes	0	0
Due to related party	0	0
Total current liabilities	24,708	22,550
Long-term debt, net of current portion	350,695	350,825
Deferred income taxes	11,255	8,443
Other long-term liabilities	658,704	582,462
Total liabilities	$ 1,045,362	$ 964,280
Commitments and contingencies (note 11)
Stockholders' and member's equity:
Preferred stock, $0.01 par value; 100,000 shares authorized; none issued	$ 0	$ 0
Common stock, $0.01 par value; 500,000 shares authorized	0	0
Additional paid in capital	0	0
Member's equity	498,859	529,701
Retained earnings	0	0
Accumulated other comprehensive loss	(962)	(1,110)
Total Kraton stockholders' equity	497,897	528,591
Noncontrolling interest	0	0
Total equity	497,897	528,591
Total liabilities and equity	1,543,259	1,492,871
Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	1,258	5,881	5,711	11,792
Receivables, net of allowances	39,376	37,266
Inventories of products	154,431	201,146
Inventories of materials and supplies	9,734	9,092
Deferred income taxes	0	3,566
Other current assets	4,377	931
Total current assets	209,176	257,882
Property, plant and equipment, less accumulated depreciation	253,797	248,220
Intangible assets, less accumulated amortization	1,908	4,000
Investment in consolidated subsidiaries	0	0
Investment in unconsolidated joint venture	0	0
Debt issuance costs	865	1,297
Deferred income taxes	0	0
Other long-term assets	653,008	591,841
Total assets	1,118,754	1,103,240
Current liabilities:
Current portion of long-term debt	139	87
Accounts payable-trade	23,748	30,332
Other payables and accruals	16,693	14,017
Deferred income taxes	0	0
Due to related party	0	0
Total current liabilities	40,580	44,436
Long-term debt, net of current portion	1,529	960
Deferred income taxes	0	3,566
Other long-term liabilities	95,528	93,191
Total liabilities	$ 137,637	$ 142,153
Commitments and contingencies (note 11)
Stockholders' and member's equity:
Preferred stock, $0.01 par value; 100,000 shares authorized; none issued	$ 0	$ 0
Common stock, $0.01 par value; 500,000 shares authorized	0	0
Additional paid in capital	0	0
Member's equity	1,050,324	1,030,294
Retained earnings	0	0
Accumulated other comprehensive loss	(69,207)	(69,207)
Total Kraton stockholders' equity	981,117	961,087
Noncontrolling interest	0	0
Total equity	981,117	961,087
Total liabilities and equity	1,118,754	1,103,240
Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	62,541	47,291	$ 56,149	$ 164,080
Receivables, net of allowances	71,123	69,613
Inventories of products	112,361	125,811
Inventories of materials and supplies	1,611	1,876
Deferred income taxes	3,410	3,681
Other current assets	18,830	18,273
Total current assets	269,876	266,545
Property, plant and equipment, less accumulated depreciation	201,651	157,464
Intangible assets, less accumulated amortization	597	254
Investment in consolidated subsidiaries	0	0
Investment in unconsolidated joint venture	10,912	11,835
Debt issuance costs	788	1,182
Deferred income taxes	2,583	1,748
Other long-term assets	88,643	85,520
Total assets	575,050	524,548
Current liabilities:
Current portion of long-term debt	0	0
Accounts payable-trade	39,324	41,817
Other payables and accruals	26,300	14,958
Deferred income taxes	1,549	1,633
Due to related party	15,396	18,121
Total current liabilities	82,569	76,529
Long-term debt, net of current portion	52,575	0
Deferred income taxes	1,438	3,253
Other long-term liabilities	96,487	83,709
Total liabilities	$ 233,069	$ 163,491
Commitments and contingencies (note 11)
Stockholders' and member's equity:
Preferred stock, $0.01 par value; 100,000 shares authorized; none issued	$ 0	$ 0
Common stock, $0.01 par value; 500,000 shares authorized	0	0
Additional paid in capital	0	0
Member's equity	374,728	352,290
Retained earnings	0	0
Accumulated other comprehensive loss	(67,836)	(28,901)
Total Kraton stockholders' equity	306,892	323,389
Noncontrolling interest	35,089	37,668
Total equity	341,981	361,057
Total liabilities and equity	$ 575,050	$ 524,548

Supplemental Guarantor Inform70

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Additional Information) (Details) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000

Supplemental Guarantor Inform71

Supplemental Guarantor Information - Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Income Statements, Captions [Line Items]
Revenue	$ 269,012	$ 318,971	$ 786,349	$ 954,394
Cost of goods sold	201,202	255,147	624,542	761,417
Gross profit (loss)	67,810	63,824	161,807	192,977
Operating expenses:
Research and development	7,597	7,440	23,345	23,736
Selling, general and administrative	26,917	16,374	77,488	78,872
Depreciation and amortization	16,145	16,552	46,852	49,630
Total operating expenses	50,659	40,366	147,685	152,238
Earnings in consolidated subsidiaries	0	0	0	0
Earnings of unconsolidated joint venture	95	80	273	324
Interest expense (income), net	6,151	6,099	17,975	18,667
Income (loss) before income taxes	11,095	17,439	(3,580)	22,396
Income tax expense (benefit)	3,076	1,122	4,135	3,405
Consolidated net income	8,019	16,317	(7,715)	18,991
Net loss attributable to noncontrolling interest	(427)	(298)	(1,141)	(858)
Net income attributable to Kraton	8,446	16,615	(6,574)	19,849
Eliminations
Condensed Income Statements, Captions [Line Items]
Revenue	(39,532)	(40,754)	(129,562)	(127,184)
Cost of goods sold	(39,532)	(40,754)	(129,562)	(127,184)
Gross profit (loss)	0	0	0	0
Operating expenses:
Research and development	0	0	0	0
Selling, general and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Total operating expenses	0	0	0	0
Earnings in consolidated subsidiaries	(35,703)	(52,310)	(33,614)	(119,862)
Earnings of unconsolidated joint venture	0	0	0	0
Interest expense (income), net	0	0	0	0
Income (loss) before income taxes	(35,703)	(52,310)	(33,614)	(119,862)
Income tax expense (benefit)	0	0	0	0
Consolidated net income	(35,703)	(52,310)	(33,614)	(119,862)
Net loss attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kraton	(35,703)	(52,310)	(33,614)	(119,862)
KPPI
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Cost of goods sold	0	0	0	0
Gross profit (loss)	0	0	0	0
Operating expenses:
Research and development	0	0	0	0
Selling, general and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Total operating expenses	0	0	0	0
Earnings in consolidated subsidiaries	8,019	16,317	(7,715)	18,991
Earnings of unconsolidated joint venture	0	0	0	0
Interest expense (income), net	0	0	0	0
Income (loss) before income taxes	8,019	16,317	(7,715)	18,991
Income tax expense (benefit)	0	0	0	0
Consolidated net income	8,019	16,317	(7,715)	18,991
Net loss attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kraton	8,019	16,317	(7,715)	18,991
Kraton Polymers LLC
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Cost of goods sold	2,814	(4,000)	13,680	(19,414)
Gross profit (loss)	(2,814)	4,000	(13,680)	19,414
Operating expenses:
Research and development	1,713	3,566	2,906	12,115
Selling, general and administrative	3,445	8,741	(3,090)	55,208
Depreciation and amortization	5,652	5,746	16,897	16,870
Total operating expenses	10,810	18,053	16,713	84,193
Earnings in consolidated subsidiaries	27,684	35,993	41,329	100,871
Earnings of unconsolidated joint venture	0	0	0	0
Interest expense (income), net	6,159	6,183	18,581	18,661
Income (loss) before income taxes	7,901	15,757	(7,645)	17,431
Income tax expense (benefit)	(118)	(560)	70	(1,560)
Consolidated net income	8,019	16,317	(7,715)	18,991
Net loss attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kraton	8,019	16,317	(7,715)	18,991
Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenue	140,767	154,297	426,787	485,368
Cost of goods sold	113,186	127,178	352,599	391,743
Gross profit (loss)	27,581	27,119	74,188	93,625
Operating expenses:
Research and development	1,128	821	2,993	1,758
Selling, general and administrative	7,639	137	30,200	262
Depreciation and amortization	7,882	7,390	21,863	21,912
Total operating expenses	16,649	8,348	55,056	23,932
Earnings in consolidated subsidiaries	0	0	0	0
Earnings of unconsolidated joint venture	0	0	0	0
Interest expense (income), net	101	(85)	(372)	79
Income (loss) before income taxes	10,831	18,856	19,504	69,614
Income tax expense (benefit)	0	196	(527)	201
Consolidated net income	10,831	18,660	20,031	69,413
Net loss attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kraton	10,831	18,660	20,031	69,413
Non-Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenue	167,777	205,428	489,124	596,210
Cost of goods sold	124,734	172,723	387,825	516,272
Gross profit (loss)	43,043	32,705	101,299	79,938
Operating expenses:
Research and development	4,756	3,053	17,446	9,863
Selling, general and administrative	15,833	7,496	50,378	23,402
Depreciation and amortization	2,611	3,416	8,092	10,848
Total operating expenses	23,200	13,965	75,916	44,113
Earnings in consolidated subsidiaries	0	0	0	0
Earnings of unconsolidated joint venture	95	80	273	324
Interest expense (income), net	(109)	1	(234)	(73)
Income (loss) before income taxes	20,047	18,819	25,890	36,222
Income tax expense (benefit)	3,194	1,486	4,592	4,764
Consolidated net income	16,853	17,333	21,298	31,458
Net loss attributable to noncontrolling interest	(427)	(298)	(1,141)	(858)
Net income attributable to Kraton	$ 17,280	$ 17,631	$ 22,439	$ 32,316

Supplemental Guarantor Inform72

Supplemental Guarantor Information - Condensed Consolidating Statement of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Statement of Income Captions [Line Items]
Net income attributable to Kraton	$ 8,446	$ 16,615	$ (6,574)	$ 19,849
Other comprehensive loss:
Foreign currency translation adjustments, net of tax of $0	(14,972)	(28,587)	(38,787)	(25,651)
Other comprehensive loss, net of tax	(14,972)	(28,587)	(38,787)	(25,651)
Comprehensive income (loss) attributable to Kraton	(6,526)	(11,972)	(45,361)	(5,802)
Comprehensive loss attributable to noncontrolling interest	(2,717)	(1,092)	(2,579)	(1,479)
Consolidated comprehensive income (loss)	(9,243)	(13,064)	(47,940)	(7,281)
Eliminations
Condensed Statement of Income Captions [Line Items]
Net income attributable to Kraton	(35,703)	(52,310)	(33,614)	(119,862)
Other comprehensive loss:
Foreign currency translation adjustments, net of tax of $0	0	0	0	0
Other comprehensive loss, net of tax	0	0	0	0
Comprehensive income (loss) attributable to Kraton	(35,703)	(52,310)	(33,614)	(119,862)
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Consolidated comprehensive income (loss)	(35,703)	(52,310)	(33,614)	(119,862)
KPPI
Condensed Statement of Income Captions [Line Items]
Net income attributable to Kraton	8,019	16,317	(7,715)	18,991
Other comprehensive loss:
Foreign currency translation adjustments, net of tax of $0	0	0	0	0
Other comprehensive loss, net of tax	0	0	0	0
Comprehensive income (loss) attributable to Kraton	8,019	16,317	(7,715)	18,991
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Consolidated comprehensive income (loss)	8,019	16,317	(7,715)	18,991
Kraton Polymers LLC
Condensed Statement of Income Captions [Line Items]
Net income attributable to Kraton	8,019	16,317	(7,715)	18,991
Other comprehensive loss:
Foreign currency translation adjustments, net of tax of $0	(75)	(264)	148	(532)
Other comprehensive loss, net of tax	(75)	(264)	148	(532)
Comprehensive income (loss) attributable to Kraton	7,944	16,053	(7,567)	18,459
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Consolidated comprehensive income (loss)	7,944	16,053	(7,567)	18,459
Guarantor Subsidiaries
Condensed Statement of Income Captions [Line Items]
Net income attributable to Kraton	10,831	18,660	20,031	69,413
Other comprehensive loss:
Foreign currency translation adjustments, net of tax of $0	0	0	0	0
Other comprehensive loss, net of tax	0	0	0	0
Comprehensive income (loss) attributable to Kraton	10,831	18,660	20,031	69,413
Comprehensive loss attributable to noncontrolling interest	0	0	0	0
Consolidated comprehensive income (loss)	10,831	18,660	20,031	69,413
Non-Guarantor Subsidiaries
Condensed Statement of Income Captions [Line Items]
Net income attributable to Kraton	17,280	17,631	22,439	32,316
Other comprehensive loss:
Foreign currency translation adjustments, net of tax of $0	(14,897)	(28,323)	(38,935)	(25,119)
Other comprehensive loss, net of tax	(14,897)	(28,323)	(38,935)	(25,119)
Comprehensive income (loss) attributable to Kraton	2,383	(10,692)	(16,496)	7,197
Comprehensive loss attributable to noncontrolling interest	(2,717)	(1,092)	(2,579)	(1,479)
Consolidated comprehensive income (loss)	$ (334)	$ (11,784)	$ (19,075)	$ 5,718

Supplemental Guarantor Inform73

Supplemental Guarantor Information - Condensed Consolidating Statement of Comprehensive Income (Loss) (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Foreign currency translation adjustments, tax effect	$ 0	$ 0	$ 0	$ 0

Supplemental Guarantor Inform74

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by (used in) investing activities:	$ 81,573	$ (18,777)
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	0	0
Kraton purchase of property, plant and equipment	(42,384)	(47,539)
KFPC purchase of property, plant and equipment	(46,097)	(33,807)
Purchase of software and other intangibles	(1,763)	(2,724)
Net cash used in investing activities	(90,244)	(84,070)
Cash flows provided by (used in) financing activities:
Proceeds from debt	30,000	29,000
Repayments of debt	(30,000)	(29,000)
KFPC proceeds from debt	55,622	0
Capital lease payments	(99)	(6,007)
Purchase of treasury stock	(31,891)	(704)
Cash contributions from member	0	0
Cash distributions to member	0	0
Proceeds from the exercise of stock options	1,022	1,429
Debt issuance costs	0	(485)
Payments on intercompany loans	0	0
Net cash provided by (used in) financing activities	24,654	(5,767)
Effect of exchange rate differences on cash	(6,002)	(4,971)
Net increase (decrease) in cash and cash equivalents	9,981	(113,585)
Cash and cash equivalents, beginning of period	53,818	175,872
Cash and cash equivalents, end of period	63,799	62,287
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by (used in) investing activities:	0	0
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	(48,927)	(27,679)
Kraton purchase of property, plant and equipment	0	0
KFPC purchase of property, plant and equipment	0	0
Purchase of software and other intangibles	0	0
Net cash used in investing activities	(48,927)	(27,679)
Cash flows provided by (used in) financing activities:
Proceeds from debt	0	0
Repayments of debt	0	0
KFPC proceeds from debt	0
Capital lease payments	0	0
Purchase of treasury stock	0	0
Cash contributions from member	31,891	704
Cash distributions to member	(31,891)	(704)
Proceeds from the exercise of stock options	0	0
Payments on intercompany loans	48,927	27,679
Net cash provided by (used in) financing activities	48,927	27,679
Effect of exchange rate differences on cash	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
KPPI
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by (used in) investing activities:	0	0
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	0	0
Kraton purchase of property, plant and equipment	0	0
KFPC purchase of property, plant and equipment	0	0
Purchase of software and other intangibles	0	0
Net cash used in investing activities	0	0
Cash flows provided by (used in) financing activities:
Proceeds from debt	0	0
Repayments of debt	0	0
KFPC proceeds from debt	0
Capital lease payments	0	0
Purchase of treasury stock	(31,891)	(704)
Cash contributions from member	0	0
Cash distributions to member	30,869	(725)
Proceeds from the exercise of stock options	1,022	1,429
Payments on intercompany loans	0	0
Net cash provided by (used in) financing activities	0	0
Effect of exchange rate differences on cash	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Kraton Polymers LLC
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by (used in) investing activities:	(16,074)	(25,208)
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	48,927	27,679
Kraton purchase of property, plant and equipment	(913)	(725)
KFPC purchase of property, plant and equipment	0	0
Purchase of software and other intangibles	(1,717)	(2,724)
Net cash used in investing activities	46,297	24,230
Cash flows provided by (used in) financing activities:
Proceeds from debt	0	0
Repayments of debt	0	0
KFPC proceeds from debt	0
Capital lease payments	0	0
Purchase of treasury stock	0	0
Cash contributions from member	(31,891)	0
Cash distributions to member	1,022	1,429
Proceeds from the exercise of stock options	0	0
Debt issuance costs		(24)
Payments on intercompany loans	0	0
Net cash provided by (used in) financing activities	(30,869)	1,405
Effect of exchange rate differences on cash	0	0
Net increase (decrease) in cash and cash equivalents	(646)	427
Cash and cash equivalents, beginning of period	646	0
Cash and cash equivalents, end of period	0	427
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by (used in) investing activities:	73,706	64,822
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	0	0
Kraton purchase of property, plant and equipment	(29,257)	(36,513)
KFPC purchase of property, plant and equipment	0	0
Purchase of software and other intangibles	(46)	0
Net cash used in investing activities	(29,303)	(36,513)
Cash flows provided by (used in) financing activities:
Proceeds from debt	30,000	29,000
Repayments of debt	(30,000)	(29,000)
KFPC proceeds from debt	0
Capital lease payments	(99)	(6,007)
Purchase of treasury stock	0	0
Cash contributions from member	0	(704)
Cash distributions to member	0	0
Proceeds from the exercise of stock options	0	0
Payments on intercompany loans	(48,927)	(27,679)
Net cash provided by (used in) financing activities	(49,026)	(34,390)
Effect of exchange rate differences on cash	0	0
Net increase (decrease) in cash and cash equivalents	(4,623)	(6,081)
Cash and cash equivalents, beginning of period	5,881	11,792
Cash and cash equivalents, end of period	1,258	5,711
Non-Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by (used in) investing activities:	23,941	(58,391)
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	0	0
Kraton purchase of property, plant and equipment	(12,214)	(10,301)
KFPC purchase of property, plant and equipment	(46,097)	(33,807)
Purchase of software and other intangibles	0	0
Net cash used in investing activities	(58,311)	(44,108)
Cash flows provided by (used in) financing activities:
Proceeds from debt	0	0
Repayments of debt	0	0
KFPC proceeds from debt	55,622
Capital lease payments	0	0
Purchase of treasury stock	0	0
Cash contributions from member	0	0
Cash distributions to member	0	0
Proceeds from the exercise of stock options	0	0
Debt issuance costs		(461)
Payments on intercompany loans	0	0
Net cash provided by (used in) financing activities	55,622	(461)
Effect of exchange rate differences on cash	(6,002)	(4,971)
Net increase (decrease) in cash and cash equivalents	15,250	(107,931)
Cash and cash equivalents, beginning of period	47,291	164,080
Cash and cash equivalents, end of period	$ 62,541	$ 56,149