Kraton (KRA) 10-Q 25 Oct 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 23, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	Kraton Corp
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, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	KRA
Amendment Flag	false
Entity Common Stock, Shares Outstanding		31,296,121

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 89,118	$ 121,749	$ 143,548	$ 70,049
Receivables, net of allowances of $1,406 and $814	253,437	200,860
Inventories of products, net	362,831	327,996
Inventories of materials and supplies, net	24,832	22,392
Prepaid expenses	36,348	35,851
Other current assets	45,993	37,658
Total current assets	812,559	746,506
Property, plant, and equipment, less accumulated depreciation of $505,660 and $411,418	942,834	906,722
Goodwill	773,635	770,012
Intangible assets, less accumulated amortization of $184,614 and $144,946	416,747	439,198
Investment in unconsolidated joint venture	12,098	11,195
Debt issuance costs	2,633	3,511
Deferred income taxes	8,766	6,907
Other long-term assets	23,334	22,594
Total assets	2,992,606	2,906,645
Current liabilities:
Current portion of long-term debt	33,553	41,825
Accounts payable-trade	156,426	150,081
Other payables and accruals	151,856	130,398
Due to related party	16,045	14,669
Total current liabilities	357,880	336,973
Long-term debt, net of current portion	1,667,074	1,697,700
Deferred income taxes	215,145	211,396
Other long-term liabilities	168,139	170,339
Total liabilities	2,408,238	2,416,408
Commitments and contingencies (note 10)
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; 31,261 shares issued and outstanding at September 30, 2017; 30,960 shares issued and outstanding at December 31, 2016	313	310
Additional paid in capital	369,702	361,682
Retained earnings	282,380	254,439
Accumulated other comprehensive loss	(97,105)	(158,530)
Total Kraton stockholders' equity	555,290	457,901
Noncontrolling interest	29,078	32,336
Total equity	584,368	490,237	$ 534,728	$ 392,992
Total liabilities and equity	$ 2,992,606	$ 2,906,645

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Receivables, allowances	$ 1,406	$ 814
Accumulated depreciation	505,660	411,418
Total accumulated amortization	$ 184,614	$ 144,946
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	31,261,000	30,960,000
Common stock, shares outstanding (in shares)	31,261,000	30,960,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenue	$ 510,947	$ 454,143	$ 1,494,392	$ 1,328,715
Cost of goods sold	382,228	318,887	1,075,051	967,744
Gross profit	128,719	135,256	419,341	360,971
Operating expenses:
Research and development	10,325	9,693	30,429	30,383
Selling, general, and administrative	42,579	42,769	124,436	135,845
Depreciation and amortization	34,307	31,977	102,040	93,913
Operating income	41,508	50,817	162,436	100,830
Disposition and exit of business activities	0	0	0	40,001
Loss on extinguishment of debt	(15,632)	0	(35,370)	(13,423)
Earnings of unconsolidated joint venture	125	94	370	274
Interest expense, net	(33,017)	(33,870)	(101,766)	(101,450)
Income (loss) before income taxes	(7,016)	17,041	25,670	26,232
Income tax benefit (expense)	2,165	(2,198)	(2,907)	83,024
Consolidated net income (loss)	(4,851)	14,843	22,763	109,256
Net loss attributable to noncontrolling interest	818	717	5,178	1,792
Net income (loss) attributable to Kraton	$ (4,033)	$ 15,560	$ 27,941	$ 111,048
Earnings (loss) per common share:
Basic (in dollars per share)	$ (0.13)	$ 0.50	$ 0.90	$ 3.60
Diluted (in dollars per share)	$ (0.13)	$ 0.49	$ 0.88	$ 3.56
Weighted average common shares outstanding:
Basic (in shares)	30,625	30,221	30,548	30,137
Diluted (in share)	30,625	30,783	31,006	30,557

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income (loss) attributable to Kraton	$ (4,033)	$ 15,560	$ 27,941	$ 111,048
Other comprehensive income:
Foreign currency translation adjustments, net of tax of $0	18,910	3,994	60,691	27,311
Unrealized loss on cash flow hedges, net of tax benefit of $382 and $412 for 2017, respectively	(239)	(48)	(145)	(5,354)
Reclassification of loss on cash flow hedge	920	0	879	0
Other comprehensive income, net of tax	19,591	3,946	61,425	21,957
Comprehensive income attributable to Kraton	15,558	19,506	89,366	133,005
Comprehensive income (loss) attributable to noncontrolling interest	(787)	339	(3,258)	(199)
Consolidated comprehensive income	$ 14,771	$ 19,845	$ 86,108	$ 132,806

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax effect	$ 0	$ 0	$ 0	$ 0
Unrealized gain (loss) on cash flow hedges, tax effect	$ (382)	$ 0	$ (412)	$ 0

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - 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, 2015	$ 392,992	$ 358,740	$ 306	$ 349,871	$ 147,131	$ (138,568)	$ 34,252
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	109,256	111,048			111,048		(1,792)
Other comprehensive income	23,550	21,957				21,957	1,593
Retired treasury stock from employee tax withholdings	(967)	(967)	(1)	(966)
Exercise of stock options	2,625	2,625	1	2,624
Non-cash compensation related to equity awards	7,272	7,272	3	7,269
Ending balance at Sep. 30, 2016	534,728	500,675	309	358,798	258,179	(116,611)	34,053
Beginning balance at Dec. 31, 2016	490,237	457,901	310	361,682	254,439	(158,530)	32,336
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	22,763	27,941			27,941		(5,178)
Other comprehensive income	63,345	61,425				61,425	1,920
Retired treasury stock from employee tax withholdings	(2,297)	(2,297)	0	(2,297)
Exercise of stock options	2,954	2,954	1	2,953
Non-cash compensation related to equity awards	7,366	7,366	2	7,364
Ending balance at Sep. 30, 2017	$ 584,368	$ 555,290	$ 313	$ 369,702	$ 282,380	$ (97,105)	$ 29,078

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated net income	$ 22,763	$ 109,256
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	102,040	93,913
Amortization of debt original issue discount	4,926	4,893
Amortization of debt issuance costs	6,309	5,343
(Gain) loss on disposal of property, plant, and equipment	61	452
Disposition and exit of business activities	0	(40,001)
Loss on extinguishment of debt	35,370	13,423
Earnings from unconsolidated joint venture, net of dividends received	67	136
Deferred income tax benefit	(3,526)	(4,343)
Release of valuation allowance	0	(86,631)
Share-based compensation	7,366	7,272
Decrease (increase) in:
Accounts receivable	(38,921)	(18,114)
Inventories of products, materials, and supplies	(19,126)	44,035
Other assets	(6,171)	(3,044)
Increase (decrease) in:
Accounts payable-trade	2,267	(2,981)
Other payables and accruals	26,851	(401)
Other long-term liabilities	(5,433)	4,631
Due to related party	606	(1,710)
Net cash provided by operating activities	135,449	126,129
CASH FLOWS FROM INVESTING ACTIVITIES
Kraton purchase of property, plant, and equipment	(71,595)	(62,885)
KFPC purchase of property, plant, and equipment	(11,790)	(16,995)
Purchase of software and other intangibles	(4,959)	(4,691)
Acquisition, net of cash acquired	0	(1,312,105)
Sale of assets	0	72,803
Net cash used in investing activities	(88,344)	(1,323,873)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt	739,167	1,782,965
Repayments of debt	(837,012)	(480,133)
KFPC proceeds from debt	39,898	24,368
KFPC repayments of debt	(16,244)	0
Capital lease payments	(703)	(105)
Purchase of treasury stock	(2,297)	(967)
Proceeds from the exercise of stock options	2,954	2,625
Settlement of interest rate swap	(879)	(5,155)
Settlement of foreign currency hedges	(716)	0
Debt issuance costs	(13,929)	(57,646)
Net cash provided by (used in) financing activities	(89,761)	1,265,952
Effect of exchange rate differences on cash	10,025	5,291
Net increase (decrease) in cash and cash equivalents	(32,631)	73,499
Cash and cash equivalents, beginning of period	121,749	70,049
Cash and cash equivalents, end of period	89,118	143,548
Supplemental disclosures:
Cash paid during the period for income taxes, net of refunds received	12,030	7,788
Cash paid during the period for interest, net of capitalized interest	72,288	56,972
Capitalized interest	3,334	4,022
Supplemental non-cash disclosures:
Property, plant, and equipment accruals	$ 17,268	$ 30,494

General

General	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
General	General Description of our Business. We are a leading global specialty chemicals company that manufactures styrenic block copolymers (“SBCs”), other engineered polymers, and value-added specialty products primarily derived from pine wood pulping co-products. The operating results of Arizona Chemical have been included in these financial statements since January 6, 2016, the date of the acquisition of Arizona Chemical (the “Arizona Chemical Acquisition”). SBCs are highly-engineered synthetic elastomers, that we originally invented and commercialized. Our SBCs enhance the performance of numerous products by imparting greater flexibility, resilience, strength, durability, and processability, and are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, and paving and roofing products. We also manufacture and sell isoprene rubber and isoprene rubber latex, which are non-SBC products primarily used in applications such as medical products, personal care, adhesives, tackifiers, paints, and coatings. We also refine and further upgrade crude tall oil and crude sulfate turpentine, into value-added specialty chemicals. These pine-based specialty products are sold into adhesive, road and construction, and tire markets, and we produce and sell a broad range of performance chemicals (which we formerly referred to as chemical intermediates) into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, flavors and fragrances, and mining. References to “Kraton,” “our company,” “we,” “our,” “ours” and “us” as used in this report refer collectively to Kraton Corporation and its consolidated subsidiaries. Basis of Presentation. The accompanying unaudited Condensed Consolidated Financial Statements presented in this report 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 fiscal year ended December 31, 2016 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, roadmarking, roofing, and construction applications. In particular, sales volumes into these applications are generally higher in the second and third quarter of the calendar year as warm and dry weather is more conducive to paving and roofing activity. 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 other changes to the accounting policies, which are disclosed in our most recent Annual Report on Form 10-K. The accompanying unaudited Condensed Consolidated Financial Statements we present in this report have been prepared in accordance with our policies. Use of Estimates. The preparation of these Condensed Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles 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 long-lived assets; • estimates of fair value for assets acquired and liabilities assumed in business combinations; • allowances for doubtful accounts and sales returns; • the valuation of derivatives, deferred tax assets, property, plant and equipment, intangible assets, inventory, investments, and share-based compensation; and • liabilities for employee benefit obligations, environmental matters, asset retirement obligations, 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 there is uncertainty that they may 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 benefit (expense) 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, 2017
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Accounting Standards Adopted in the Current Period We have implemented all new accounting pronouncements that are in effect and that management believes would materially affect our financial statements. In July 2015, the Financial Accounting Standards Board (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. We adopted ASU 2015-11 as of January 1, 2017 and there was no material impact to our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 817) . The ASU changes seven aspects of the accounting for share-based payment award transactions, including: (1) accounting for income taxes; (2) classification of excess tax benefits on the statement of cash flows; (3) forfeitures; (4) minimum statutory tax withholding requirements; (5) classification of employee taxes paid on the statement of cash flows when an employer withholds shares for tax-withholding purposes; (6) practical expedient - expected term (nonpublic only); and (7) intrinsic value (nonpublic only). The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption was permitted. We adopted ASU 2016-09 as of January 1, 2017 and there was no material impact to our consolidated financial statements. Prior to January 1, 2017, the employee share-based compensation expense was recorded net of estimated forfeiture rates and subsequently adjusted at the vesting date, as appropriate. On a go forward basis, we elected to recognize actual forfeitures by reducing the employee share-based compensation expense in the same period as the forfeitures occur. New Accounting Standards to be Adopted in Future Periods In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , updated by ASU No. 2015-14 Deferral of the Effective Date , 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. In August 2015, 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. We plan to adopt ASU No. 2014-09 and its amendment on a modified retrospective basis on January 1, 2018. While we are currently assessing the impact of the new standard, our revenue is primarily generated from the sale of finished product to customers. Those sales predominantly contain a single delivery element and revenue is recognized at a single point in time, when ownership and risk of loss transfers. These are largely un-impacted by the new standard. We are still analyzing the quantitative impact of adoption, but we do not currently expect it to have a material impact on our consolidated financial position or results of operations. Although we do expect that our disclosures in our notes to consolidated financial statements related to revenue recognition will be expanded under the new standard. As we complete our overall assessment, we are identifying and preparing to implement changes to our accounting policies and practices, business processes, systems and controls to support the new revenue recognition and disclosure requirements. Our assessment will be completed during fiscal year 2017. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This standard requires that an entity must recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of twelve months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and liabilities. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 and early adoption is permitted. 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 August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) . The ASU addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and early adoption is permitted. 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 January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . This standard is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and early adoption is permitted for annual or interim goodwill impairment tests performed on testing dates after January 1, 2017. Our evaluation of this standard is currently ongoing. In March 2017, the FASB issued ASU 2017-07, Compensation-Retirement Benefits (Topic 715)-Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost . The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and early adoption is permitted as of the beginning of a year for which financial statements (interim and annual) have not been issued. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component. Our service costs were $4.8 million and $4.6 million for the nine months ended September 30, 2017 and 2016 , respectively. Our evaluation of this standard is currently ongoing and we will adopt ASU 2017-07 effective on January 1, 2018. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . This standard is effective for fiscal years beginning after December 15, 2018, and early adoption is permitted for any interim period after issuance of the ASU. Our evaluation of this standard is currently ongoing.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2017
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 $2.2 million and $2.1 million for the three months ended September 30, 2017 and 2016 , respectively, and $7.4 million and $7.3 million for the nine months ended September 30, 2017 and 2016 , respectively.

Detail of Certain Balance Sheet

Detail of Certain Balance Sheet Accounts	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Detail of Certain Balance Sheet Accounts	Detail of Certain Balance Sheet Accounts September 30, 2017 December 31, 2016 (In thousands) Inventories of products: Finished products $ 273,948 $ 248,143 Work in progress 4,893 5,648 Raw materials 93,816 86,864 Inventories of products, gross 372,657 340,655 Inventory reserves (9,826 ) (12,659 ) Total inventories of products, net $ 362,831 $ 327,996 Intangible assets: Contractual agreements $ 263,882 $ 258,646 Technology 146,181 145,320 Customer relationships 60,480 59,977 Tradenames/trademarks 78,828 77,666 Software 51,990 42,535 Intangible assets 601,361 584,144 Less accumulated amortization: Contractual agreements 38,778 20,757 Technology 50,780 44,698 Customer relationships 32,965 31,863 Tradenames/trademarks 33,903 25,363 Software 28,188 22,265 Total accumulated amortization 184,614 144,946 Intangible assets, net of accumulated amortization $ 416,747 $ 439,198 Other payables and accruals: Employee related $ 36,638 $ 33,947 Interest payable 28,179 10,135 Property, plant, and equipment accruals 15,530 26,260 Other 71,509 60,056 Total other payables and accruals $ 151,856 $ 130,398 Other long-term liabilities: Pension and other post-retirement benefits $ 138,597 $ 138,188 Other 29,542 32,151 Total other long-term liabilities $ 168,139 $ 170,339 Changes in accumulated other comprehensive loss by component were as follows: Cumulative Foreign Currency Translation Net Unrealized Gain (Loss) on Cash Flow Hedges Net Unrealized Loss on Net Investment Hedges Benefit Plans Liability, Net of Tax Total (In thousands) December 31, 2015 $ (65,995 ) $ — $ (1,926 ) $ (70,647 ) $ (138,568 ) Other comprehensive income (loss) before reclassifications 27,311 (5,354 ) — — 21,957 Amounts reclassified from accumulated other comprehensive income (loss) — — — — — Net other comprehensive income (loss) for the year 27,311 (5,354 ) — — 21,957 September 30, 2016 $ (38,684 ) $ (5,354 ) $ (1,926 ) $ (70,647 ) $ (116,611 ) December 31, 2016 $ (72,731 ) $ 515 $ (1,926 ) $ (84,388 ) $ (158,530 ) Other comprehensive income (loss) before reclassifications 60,691 (145 ) — — 60,546 Amounts reclassified from accumulated other comprehensive income — 879 — — 879 Net other comprehensive income for the year 60,691 734 — — 61,425 September 30, 2017 $ (12,040 ) $ 1,249 $ (1,926 ) $ (84,388 ) $ (97,105 )

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	9 Months Ended
	Sep. 30, 2017
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. The calculations of basic and diluted EPS are as follows: Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 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) Basic: As reported $ (4,033 ) 31,223 $ 15,560 30,874 Amounts allocated to unvested restricted shares 77 (598 ) (329 ) (653 ) Amounts available to common stockholders (3,956 ) 30,625 $ (0.13 ) 15,231 30,221 $ 0.50 Diluted: Amounts allocated to unvested restricted shares (77 ) 598 329 653 Non participating share units — — — 205 Stock options added under the treasury stock method — — — 357 Amounts reallocated to unvested restricted shares 77 (598 ) (323 ) (653 ) Amounts available to stockholders and assumed conversions $ (3,956 ) 30,625 $ (0.13 ) $ 15,237 30,783 $ 0.49 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 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) Basic: As reported $ 27,941 31,151 $ 111,048 30,809 Amounts allocated to unvested restricted shares (541 ) (603 ) (2,422 ) (672 ) Amounts available to common stockholders 27,400 30,548 $ 0.90 108,626 30,137 $ 3.60 Diluted: Amounts allocated to unvested restricted shares 541 603 2,422 672 Non participating share units — 175 — 208 Stock options added under the treasury stock method — 283 — 212 Amounts reallocated to unvested restricted shares (533 ) (603 ) (2,390 ) (672 ) Amounts available to stockholders and assumed conversions $ 27,408 31,006 $ 0.88 $ 108,658 30,557 $ 3.56

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following: September 30, 2017 December 31, 2016 Principal Discount Debt Issuance Costs Total Principal Discount Debt Issuance Costs Total (In thousands) USD Tranche $ 500,000 $ (14,173 ) $ (14,793 ) $ 471,034 $ 1,278,000 $ (34,085 ) $ (31,662 ) $ 1,212,253 Euro Tranche 281,005 — (3,795 ) 277,210 — — — — 10.5% Senior Notes 440,000 (13,710 ) (14,889 ) 411,401 440,000 (15,038 ) (16,329 ) 408,633 7.0% Senior Notes 400,000 — (7,593 ) 392,407 — — — — ABL Facility — — — — — — — — KFPC Loan Agreement 146,451 — (215 ) 146,236 115,854 — (257 ) 115,597 Capital lease obligation 2,339 — — 2,339 3,042 — — 3,042 Total debt 1,769,795 (27,883 ) (41,285 ) 1,700,627 1,836,896 (49,123 ) (48,248 ) 1,739,525 Less current portion of total debt 33,553 — — 33,553 41,825 — — 41,825 Long-term debt $ 1,736,242 $ (27,883 ) $ (41,285 ) $ 1,667,074 $ 1,795,071 $ (49,123 ) $ (48,248 ) $ 1,697,700 Senior Secured Term Loan Facility. In January 2016, we entered into a senior secured term loan facility (the “Term Loan Facility”) pursuant to which Kraton Polymers LLC (the “U.S. Term Loan Borrower”) made U.S. dollar denominated term loan borrowings in an aggregate principal amount of $1,350.0 million (the “USD Tranche”). On August 16, 2017, we entered into a Fourth Amendment (the “Fourth Amendment”) to the credit agreement governing the Term Loan Facility (as amended, the “Credit Amendment”) pursuant to which Kraton Polymers Holdings B.V., a wholly-owned Dutch subsidiary of Kraton Corporation (the “Euro Term Loan Borrower” and, together with the U.S. Term Loan Borrower, the “Term Loan Borrowers”), borrowed a new tranche of term loans denominated in Euros in an aggregate principal amount equal to €260.0 million (the “Euro Tranche”), or $305.0 million (converted at the August 16, 2017 exchange rate) . The proceeds from borrowings under the Euro Tranche were used, together with available cash, to pay down $366.0 million of the outstanding borrowings under the USD Tranche. As of September 30, 2017 , we had $500.0 million in borrowings under the USD Tranche and €238.0 million , or $281.0 million (converted at the September 30, 2017 exchange rate), in borrowings under the Euro Tranche. The outstanding borrowings under the USD Tranche also reflect prepayments in the amount of $72.0 million during the three months ended March 31, 2016 using proceeds received from the sale of our compounding business, and a prepayment in the amount of $392.0 million during the three months ended March 31, 2017, using the proceeds received in connection with the offering of the 7.0% Senior Notes (see below description of borrowings). The maturity date of the Term Loan Facility is January 6, 2022. Subject to compliance with certain covenants and other conditions, contained within the Credit Agreement, the Term Loan Borrowers have the option to borrow up to $350.0 million of incremental term loans plus an additional amount subject to a senior secured net leverage ratio. Borrowings under the USD Tranche bear interest at a rate per annum equal to an applicable margin, plus, at our option, either (a) an adjusted LIBOR rate (subject to a 1.0% floor) determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing adjusted for statutory reserve requirements or (b) an alternate base rate (subject to a 2.0% floor) determined by reference to the highest of (1) the prime rate of Credit Suisse AG, (2) the federal funds effective rate plus 0.5% and (3) the one month adjusted LIBOR rate plus 1.0% per annum. Pursuant to the Fourth Amendment, the applicable margins for adjusted LIBOR rate and alternate base rate borrowings under the USD Tranche were decreased from 4.0% to 3.0% for adjusted LIBOR rate borrowings and 3.0% to 2.0% for alternate base rate borrowings, respectively. Borrowings under the Euro Tranche bear interest at an adjusted EURIBOR rate (subject to a 0.75% floor) determined by reference to the costs of funds for Euro deposits for the interest period relevant to such borrowing adjusted for statutory reserve requirements plus 2.5% . We are also required to pay customary agency fees in connection with the Term Loan Facility. As of the date of this filing, the effective interest rate for the USD Tranche is LIBOR plus 3.0% and the effective interest rate for the Euro Tranche is 3.25% . Voluntary prepayments on the Term Loan Facility may be made without premium or penalty other than customary “breakage” costs with respect to LIBOR or EURIBOR loans and other than a 1.0% of the Term Loan Facility. Pursuant to the Fourth Amendment, the period during which such prepayment premium may be required under each of the Euro Tranche and the USD Tranche was reset until six months after the effective date of the Fourth Amendment. In the event we have consolidated excess cash flow for any fiscal year, we are required to prepay an amount of borrowings under the Term Loan Facility equal to at least 50.0% of such cash flow by the 90th day after the end of the fiscal year. The prepayment percentage is reduced to 25.0% if our senior secured net leverage ratio is under 2.5 :1.0 or 0% if our senior secured net leverage ratio is below 2.0 :1.0. The USD Tranche is guaranteed by Kraton Corporation and certain of our wholly-owned domestic subsidiaries (the “U.S. Term Loan Guarantors”). The Euro Tranche is guaranteed by each of the U.S. Term Loan Guarantors, the U.S. Term Loan Borrower and certain other Dutch subsidiaries of Kraton Corporation (the “Dutch Term Loan Guarantors”), including those Dutch subsidiaries that are also either a borrower or a guarantor under the Euro tranche facility under the ABL Facility. The obligations under the Term Loan Facility are secured, subject to certain exceptions, by (i) a first-lien pledge of 100% of the equity interests held by Kraton Corporation, the U.S. Term Loan Borrower and the other U.S. Term Loan Guarantors in their respective first-tier domestic subsidiaries and 65% of the equity interests directly held by such entities in their first-tier foreign subsidiaries, (ii) a first-priority security interest in substantially all tangible and intangible assets of Kraton Corporation, the U.S. Term Loan Borrower and the other U.S. Term Loan Guarantors, other than the ABL Priority Collateral (as defined below), and (iii) a perfected second-priority security interest in all of the ABL Priority Collateral. The Euro Tranche is also secured by a first-lien pledge of 100% of the equity interests in the Euro Term Loan Borrower and the Dutch Term Loan Guarantors and a first-lien pledge of any intercompany notes or instruments evidencing intercompany indebtedness owed to the Euro Term Loan Borrower or the guarantors of the Euro Tranche that are not U.S. Term Loan Guarantors. The Term Loan Facility contains a number of customary affirmative and negative covenants. As of the date of this filing, we were in compliance with the covenants under the Term Loan Facility. 10.5% Senior Notes due 2023. Kraton Polymers LLC and its wholly-owned financing subsidiary Kraton Polymers Capital Corporation issued $440.0 million aggregate principal amount of 10.5% Senior Notes due 2023 (the “ 10.5% Senior Notes”) that mature on April 15, 2023 . The 10.5% Senior Notes are general unsecured, senior obligations and are unconditionally guaranteed on a senior unsecured basis by each of Kraton Corporation and certain of our wholly-owned domestic subsidiaries. We pay interest on the 10.5% Senior Notes at 10.5% per annum, semi-annually in arrears on April 15 and October 15 of each year. Prior to October 15, 2018, we may redeem up to 40.0% of the aggregate principal amount of the 10.5% Senior Notes with the net proceeds of certain equity offerings at a redemption price equal to 110.5% of the principal amount of the 10.5% Senior Notes plus accrued and unpaid interest, if any, to the date of redemption. At any time prior to October 15, 2018, we may redeem some or all of the 10.5% Senior Notes at a redemption price equal to 100.0% of the principal amount of the notes redeemed plus accrued and unpaid interest, if any, to the redemption date and a “make-whole” premium. On and a fter October 15, 2018, 2019, 2020, and 2021 and thereafter, we may redeem all or a part of the 10.5% Senior Notes for 107.875% , 105.250% , 102.625% , and 100.0% of the principal amount, respectively. 7.0% Senior Notes due 2025. Kraton Polymers LLC and its wholly-owned financing subsidiary Kraton Polymers Capital Corporation issued $400.0 million aggregate principal amount of 7.0% Senior Notes due 2025 (the “ 7.0% Senior Notes”) in March 2017, which mature on April 15, 2025. The 7.0% Senior Notes are general unsecured, senior obligations and are unconditionally guaranteed on a senior unsecured basis by each of Kraton Corporation and certain of our wholly-owned domestic subsidiaries. We pay interest on the Senior Notes at 7.0% per annum, semi-annually in arrears on January 15 and July 15 of each year. We made the first interest payment on July 15, 2017. Prior to April 15, 2020, we may redeem up to 40.0% of the aggregate principal amount of the 7.0% Senior Notes with the net proceeds of certain equity offerings at a redemption price equal to 107.0% of the principal amount of the 7.0% Senior Notes plus accrued and unpaid interest, if any, to, but excluding, the date of redemption. At any time prior to April 15, 2020, we may redeem some or all of the 7.0% Senior Notes at a redemption price equal to 100.0% of the principal amount of the notes redeemed plus accrued and unpaid interest, if any, to, but excluding, the redemption date and a “make-whole” premium. On and a fter April 15, 2020, 2021, and 2022 and thereafter, we may redeem all or a part of the 7.0% Senior Notes for 105.250% , 102.625% , and 100.0% of the principal amount, respectively. ABL Facility. In January 2016, we entered into an amended and restated asset-based revolving credit facility that provides financing of up to $250.0 million (the “ABL Facility”). We did not have any borrowings drawn under this facility as of September 30, 2017 . Borrowing availability under the ABL Facility is subject to borrowing base limitations based on the level of receivables and inventory available for security. Revolver commitments under the ABL Facility consist of U.S. and Dutch revolving credit facility commitments, and the terms of the ABL Facility require the U.S. revolver commitment comprises at least 60.0% of the commitments under the ABL Facility. The ABL Facility provides that we have the right at any time to request up to $100.0 million of additional commitments under this facility, provided that we satisfy additional conditions described in the credit agreement and provided further that the U.S. revolver commitment comprises at least 60.0% of the commitments after giving effect to such increase. We cannot guarantee that all of the lending counterparties contractually committed to fund a revolving credit draw request will actually fund future requests, although we currently believe that each of the counterparties would meet their funding requirements. The ABL Facility terminates on January 6, 2021 ; however, we may, from time to time, request that the lenders extend the maturity of their commitments; provided among other things, that at no time shall there be more than four different maturity dates under the ABL Facility. Borrowings under the ABL Facility bear interest at a rate per annum equal to the applicable margin plus (1) a base rate determined by reference to the prime rate of Bank of America, N.A. in the jurisdiction where the currency is being funded or (2) LIBOR for loans that bear interest based on LIBOR. The initial applicable margin for borrowings under the ABL Facility is 0.5% with respect to U.S. base rate borrowings and 1.5% with respect to LIBOR or borrowings made on a European base rate. The applicable margin ranges from 0.5% to 1.0% with respect to U.S. base rate borrowings and 1.5% to 2.0% for LIBOR or borrowings made on a European base rate per annum based on the average excess availability for the prior fiscal quarter. In addition to paying interest on outstanding principal amounts under the ABL Facility, we are required to pay a commitment fee in respect of the un-utilized commitments at an annual rate of 0.375% . All of the obligations under the ABL Facility are guaranteed by Kraton Corporation and certain of our wholly-owned domestic subsidiaries (the “ABL U.S. Guarantors”). Certain foreign obligations under the ABL Facility are also guaranteed by certain other wholly-owned subsidiaries of Kraton Corporation (the “ABL Dutch Guarantors”). In connection with the Fourth Amendment, on August 16, 2017, we entered into a First Amendment and Consent to the ABL Facility (the “ABL Amendment). The ABL Amendment provides, among other things, that any foreign subsidiary of Kraton Corporation that becomes a guarantor under the Euro Tranche will also become a guarantor under the Euro tranche facility of the ABL Facility. All obligations under the ABL Facility are secured, subject to certain exceptions, by (i) a first-priority security interest in, among other things, accounts, inventory and cash of the ABL U.S. Guarantors (the “ABL Priority Collateral”), and (ii) a perfected second-priority security interest in substantially all tangible and intangible assets of the ABL U.S. Guarantors that are not ABL Priority Collateral. Certain foreign obligations under the ABL Facility are also secured, subject to certain exceptions, by, a first priority security interest in, among other things, accounts, inventory and cash of the ABL Dutch Guarantors. The ABL Facility contains a number of customary affirmative and negative covenants, including a financial covenant requiring us to maintain a minimum fixed charge coverage ratio of 1.0 : 1.0 if borrowing availability under the ABL Facility is below a specified amount. As of the date of this filing, we were in compliance with the covenants under the ABL Facility. KFPC Loan Agreement. On July 17, 2014, KFPC entered into a syndicated loan agreement (the “KFPC Loan Agreement”) in the amount of 5.5 billion New Taiwan Dollars (“NTD”), or $181.2 million (converted at the September 30, 2017 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 $141.3 million (converted at the September 30, 2017 exchange rate), to fund KFPC’s capital expenditures, and a NTD 1.21 billion Tranche B, or $39.9 million (converted at the September 30, 2017 exchange rate), to fund working capital requirements and/or general corporate purposes. As of September 30, 2017 , NTD 4.4 billion , or $146.5 million (converted at the September 30, 2017 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 was able to draw on the KFPC Loan Agreement for the first 28 months following the first drawdown date, which ended in May 2017. Subject to certain conditions, KFPC can request a two -year extension of the term of the KFPC Loan Agreement. The total outstanding principal amount is payable in six semi-annual installments. The first installment payment was made on July 17, 2017 and each subsequent payment will be due every six months thereafter. The first five installments will be in an amount equal to 10% of the outstanding principal amount and the final installment will 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 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, 2017 , our effective interest rate for borrowings on the KFPC Loan Agreement was 1.8% . The KFPC Loan Agreement contains certain financial covenants that change during the term of the KFPC Loan Agreement. The financial covenants include a maximum debt to equity ratio of 2.0 :1.0 in 2017 and 1.2 :1.0 in 2018; a minimum tangible net worth requirement of $50.0 million through 2018, which will increase to $100.0 million in 2019; and a minimum interest coverage ratio requirement of 5.0 :1.0 commencing in 2017. Due to a waiver received from the majority of lenders we are no longer subject to the 2017 financial covenants. In each case, these covenants are calculated and tested on an annual basis at December 31 st each year. Formosa Petrochemical Corporation and Kraton Polymers LLC are the guarantors of the KFPC Loan Agreement with each guarantor guaranteeing 50% of the indebtedness. 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 are recorded as a component of interest expense and the accelerated write-off of debt issuance costs in connection with refinancing activities are recorded as a component of loss on extinguishment of debt. In connection with our January 2017 repricing of our USD Tranche and our offering of 7.0% Senior Notes in March 2017, we deferred $2.0 million and $7.8 million of debt issuance costs, respectively. In connection with our August 2017 repricing of our USD Tranche and borrowings under our Euro Tranche, we deferred $1.3 million and $3.9 million of debt issuance costs, respectively. We recorded a $33.7 million loss on extinguishment of debt related to previously capitalized deferred financing costs and original issue discount on our Term Loan Facility in connection with our $758.0 million pay down of our Term Loan Facility during the nine months ended September 30, 2017 . We had net debt issuance cost of $45.1 million as of September 30, 2017 , of which $3.8 million related to our ABL Facility is recorded as an asset (of which $1.2 million was included in other current assets) and $41.3 million is recorded as a reduction to long-term debt. We amortized $1.9 million and $1.8 million for the three months ended September 30, 2017 and 2016 , respectively, and $6.3 million and $5.3 million during the nine months ended September 30, 2017 and 2016 , respectively. Debt Maturities . The remaining principal payments on our outstanding total debt as of September 30, 2017 , are as follows: Principal Payments (In thousands) October 1, 2017 through September 30, 2018 $ 33,553 October 1, 2018 through September 30, 2019 32,816 October 1, 2019 through September 30, 2020 81,538 October 1, 2020 through September 30, 2021 188 October 1, 2021 through September 30, 2022 781,204 Thereafter 840,496 Total debt $ 1,769,795 See Note 7 Fair Value Measurements, Financial Instruments, and Credit Risk for fair value information related to our long-term debt.

Fair Value Measurements, Financ

Fair Value Measurements, Financial Instruments, and Credit Risk	9 Months Ended
	Sep. 30, 2017
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; and • 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, 2017 and December 31, 2016 . 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 placement within the fair value hierarchy levels. Fair Value Measurements at Reporting Date Using Balance Sheet Location September 30, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Derivative asset – current Other current assets $ 587 $ — $ 587 $ — Derivative asset – noncurrent Other long-term assets 1,371 — 1,371 — Retirement plan asset – noncurrent Other long-term asset 2,412 2,412 — — Total $ 4,370 $ 2,412 $ 1,958 $ — Fair Value Measurements at Reporting Date Using Balance Sheet Location December 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Derivative asset – current Other current assets $ 243 $ — $ 243 $ — Derivative asset – noncurrent Other long-term assets 568 — 568 — Retirement plan asset – noncurrent Other long-term assets 1,894 1,894 — — Total $ 2,705 $ 1,894 $ 811 $ — The following table presents the carrying values and approximate fair values of our long-term debt. September 30, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value (In thousands) USD Tranche (significant other observable inputs – level 2) $ 500,000 $ 505,940 $ 1,278,000 $ 1,293,975 Euro Tranche (significant other observable inputs – level 2) $ 281,005 $ 285,571 $ — $ — 10.5% Senior Notes (quoted prices in active market for identical assets – level 1) $ 440,000 $ 504,975 $ 440,000 $ 501,600 7.0% Senior Notes (quoted prices in active market for identical assets – level 1) $ 400,000 $ 430,060 $ — $ — Capital lease obligation (significant other observable inputs – level 2) $ 2,339 $ 2,339 $ 3,042 $ 3,042 KFPC Loan Agreement (significant unobservable inputs – level 3) $ 146,451 $ 146,451 $ 115,854 $ 115,854 The KFPC Loan Agreement is a variable rate instrument, and as such, the fair value approximates the carrying value. Financial Instruments Interest Rate Swap Agreements. Periodically, we enter into interest rate swap agreements to hedge or otherwise protect against interest rate fluctuation on a portion of our variable rate debt. These interest rate swap agreements are designated as cash flow hedges on our exposure to the variability of future cash flows. In an effort to convert a substantial portion of our future interest payments pursuant to the USD Tranche to a fixed interest rate, in February and March 2016 we entered into several interest rate swap agreements with an aggregate notional value of $925.4 million , effective dates of January 3, 2017 and maturity dates of December 31, 2020. We exited out of $8.4 million , $31.0 million , $57.2 million , $308.8 million , and $20.0 million of our interest rate swaps on March 24, 2017, March 31, 2017, June 30, 2017, August 31, 2017, and September 29, 2017, respectively. As a result, at September 30, 2017 the total notional value of our interest rate swaps was $500.0 million . We recorded an unrealized gain of $1.1 million and $1.1 million for the three and nine months ended September 30, 2017 , respectively, and an unrealized loss of $8.0 million during the nine months ended September 30, 2016 , in accumulated other comprehensive income (loss) related to the effective portion of these interest rate swap agreements. 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. We settled these hedges and recorded a loss of $2.2 million and a loss of $0.1 million for the three months ended September 30, 2017 and 2016 , respectively, and a gain of $0.9 million and $1.4 million for the nine months ended September 30, 2017 and 2016 , respectively, which are recorded in cost of goods sold in the Condensed Consolidated Statements of Operations. 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 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. 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.

Restructuring Charges

Restructuring Charges	9 Months Ended
	Sep. 30, 2017
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During the three months ended March 31, 2017, we announced plans to stop producing USBC product grades in Paulinia, Brazil, and streamline production for producing Cariflex TM polyisoprene latex. We recorded $1.0 million of severance, all of which was paid during the three months ended March 31, 2017 and which was primarily recorded in cost of goods sold.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax provision was a benefit of $2.2 million and an expense $2.2 million for the three months ended September 30, 2017 and 2016 , respectively. Income tax provision was an expense of $2.9 million and a benefit $83.0 million for the nine months ended September 30, 2017 and 2016 , respectively. Our effective tax rate was 30.9% and 12.9% for the three months ended September 30, 2017 and 2016 , respectively, and 11.3% for the nine months ended September 30, 2017 . Given the level of our pre-tax book income for the nine months ended September 30, 2016 and the release of a significant portion of our valuation allowance, our effective tax rate for the nine months ended September 30, 2016 is not meaningful. Our effective tax rates differ from the U.S. corporate statutory tax rate of 35.0% , primarily due to the mix of our pretax income or loss generated in various jurisdictions, permanent items, uncertain tax positions, and changes in our valuation allowances. During the nine months ended September 30, 2017 and 2016 , our pretax earnings in the Netherlands, Sweden, and Finland decreased our effective tax rate due to the statutory rates of 25.0% , 22.0% , and 20.0% , respectively. The provision for income taxes differs from the amount computed by applying the U.S. corporate statutory income tax rate to income (loss) before income taxes for the reasons set forth below. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) Income taxes at the statutory rate $ 2,455 $ (5,964 ) $ (8,985 ) $ (9,181 ) State taxes, net of federal benefit 25 (1,114 ) 117 (521 ) Foreign tax rate differential (3,403 ) 2,436 2,263 6,018 Permanent differences 1,464 2,934 3,190 265 Uncertain tax positions 1,821 (292 ) 666 (928 ) Valuation allowance 13 (176 ) 330 87,404 Return to provision adjustments (512 ) (33 ) (509 ) (33 ) Other 302 11 21 — Income tax benefit (expense) $ 2,165 $ (2,198 ) $ (2,907 ) $ 83,024 Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Income taxes at the statutory rate (35.0 )% (35.0 )% (35.0 )% (35.0 )% State taxes, net of federal benefit (0.4 ) (6.5 ) 0.5 (2.0 ) Foreign tax rate differential 48.5 14.3 8.8 22.9 Permanent differences (20.9 ) 17.2 12.4 1.0 Uncertain tax positions (26.0 ) (1.7 ) 2.6 (3.5 ) Valuation allowance (0.2 ) (1.0 ) 1.3 333.2 Return to provision adjustments 7.3 (0.2 ) (2.0 ) (0.1 ) Other (4.2 ) — 0.1 — Effective tax rate (30.9 )% (12.9 )% (11.3 )% 316.5 % Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. We consider all available material evidence, both positive and negative, in assessing the appropriateness of a valuation allowance for our deferred tax assets. In determining whether a valuation allowance is required during the period, we evaluate primarily (a) cumulative earnings and losses in recent years, (b) historical taxable income or losses as it relates to our ability to utilize operating loss and tax credit carryforwards within the expiration period, (c) trends indicating earnings or losses expected in future years along with our ability in prior years to reasonably project these future trends or operating results, (d) length of the carryback and carryforward period, and (e) prudent and feasible tax-planning strategies, particularly related to operational changes and the impact on the timing or taxability of relative amounts. As of September 30, 2017 and December 31, 2016 , we recorded a valuation allowance of $44.4 million and $44.7 million , respectively, against our net operating loss carryforwards and other deferred tax assets. We did not have a material change in our valuation allowances for the three months ended September 30, 2017 . During the nine months ended September 30, 2016 , we released $56.2 million of the valuation allowances, of which $87.4 million primarily related to our U.S. net operating loss carryforwards and other deferred tax assets, partially offset by $31.2 million of new valuation allowances assumed in connection with the Arizona Chemical Acquisition. Following the acquisition of Arizona Chemical on January 6, 2016, we released $87.0 million of the valuation allowance related to the U.S. net operating loss carryforwards and other deferred tax assets. In assessing the appropriateness of the U.S. valuation allowance as of the acquisition date, we considered the significant cumulative earnings in recent years as well as consistent historical taxable income of our U.S. combined operations. Additionally, we consider our ability to utilize net operating loss carryforwards to offset future taxable income generated by our U.S. combined operations. Under U.S. tax law, we are permitted to utilize tax loss carryforwards as an offset to taxable income generated by members of our U.S. consolidated group, with the exception of a few separate state regulations. We do not expect any tax loss limitations under IRC §382 that would impact our utilization of the federal carryforwards in the future. We project that we will have sufficient combined pre-tax earnings in the U.S. to utilize net operating loss carryforwards within the expiration period. We maintain valuation allowance for carryforwards related to our foreign tax credits and certain state tax losses. As of September 30, 2017 and December 31, 2016 , we had total unrecognized tax benefits of $24.4 million and $24.5 million , respectively, related to uncertain tax positions, all of which, if recognized, would impact our effective tax rate. During the three and nine months ended September 30, 2017 , we had a decrease of $1.5 million and $0.1 million , respectively, primarily related to our uncertain tax positions in the U.S. and Europe. During the three and nine months ended September 30, 2016 , we had a decrease in uncertain tax positions of $2.5 million and an increase of $6.8 million primarily related to assumed uncertain tax positions in the U.S. in connection with the Arizona Chemical Acquisition. We recorded interest and penalties related to unrecognized tax benefits within the provision for income taxes. We file income tax returns in the U.S. 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, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies (a) Legal Proceedings We received an initial notice from the tax authorities in Brazil during the fourth quarter of 2012 in connection with tax credits that were generated from the purchase of certain goods which were subsequently applied by us against taxes owed. The tax authorities are currently assessing R $7.0 million , or $2.2 million (converted at the September 30, 2017 exchange rate). 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. As previously disclosed, on October 6, 2014, Taiwan-based LCY Chemical Corporation (“LCY”) filed a lawsuit against us in connection with our refusal to pay the $25.0 million termination fee upon a termination of the definitive agreement governing Kraton's combination with the SBC operations of LCY. On July 23, 2015, LCY's lawsuit was dismissed from the Delaware federal court on jurisdictional grounds. The statute of limitations governing LCY's claim under Delaware law expired in August 2017, and LCY is time-barred from reasserting its claim. Kraton did not incur 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 asset retirement obligations are as follows: Nine Months Ended September 30, 2017 2016 (In thousands) Beginning balance $ 8,863 $ 10,078 Obligations assumed in Arizona Chemical Acquisition — 1,908 Additional accruals 439 2,146 Accretion expense 241 303 Obligations settled (3,065 ) (3,780 ) Foreign currency translation, net 484 138 Ending Balance $ 6,962 $ 10,793 For a portion of our asset retirement obligations related to the decommissioning of the coal boilers at our Belpre, Ohio, facility, we have recorded a liability and corresponding receivable of $1.4 million and $3.8 million as of September 30, 2017 and 2016 , respectively, pursuant to the indemnity included in the February 2001 separation agreement from Shell Chemicals. (c) Environmental Obligations. As of September 30, 2017 and 2016 , we have recorded an environment obligation and corresponding receivable of $3.3 million and $3.1 million , respectively, relating to an indemnification agreement with International Paper, our Chemical segment's former owner. 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, 2017
Retirement Benefits [Abstract]
Employee Benefits	Employee Benefits The components of net periodic benefit costs related to pension benefits are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 U.S Plans Non-U.S. Plans U.S Plans Non-U.S. Plans U.S Plans Non-U.S. Plans U.S Plans Non-U.S. Plans (In thousands) Service cost $ 799 $ 695 $ 771 $ 566 $ 2,399 $ 1,998 $ 2,518 $ 1,642 Interest cost 1,832 718 1,828 632 5,494 2,093 5,514 2,264 Expected return on plan assets (2,351 ) (811 ) (2,344 ) (698 ) (7,052 ) (2,371 ) (7,011 ) (2,593 ) Amortization of prior service cost 905 55 648 5 2,715 160 2,048 17 Net periodic benefit cost $ 1,185 $ 657 $ 903 $ 505 $ 3,556 $ 1,880 $ 3,069 $ 1,330 We made contributions of $10.1 million and $4.5 million to our pension plans in the nine months ended September 30, 2017 and 2016 , respectively. The components of net periodic benefit cost related to other post-retirement benefits are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 U.S Plans U.S Plans U.S Plans U.S Plans (In thousands) Service cost $ 130 $ 135 $ 420 $ 405 Interest cost 348 350 1,028 1,050 Amortization of prior service cost 150 153 450 458 Net periodic benefit cost $ 628 $ 638 $ 1,898 $ 1,913

Industry Segments and Foreign O

Industry Segments and Foreign Operations	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Industry Segment and Foreign Operations	Industry Segments and Foreign Operations Our operations are managed through two operating segments: (i) Polymer segment; and (ii) Chemical segment. 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. • Polymer Segment is comprised of our SBCs and other engineered polymers business. • Chemical Segment is comprised of our pine-based specialty products business. Our chief operating decision maker uses operating income (loss) as the primary measure of each segment's operating results in order to allocate resources and in assessing the company's performance. In accordance with ASC 280, Segment Reporting , we have presented operating income (loss) for each segment. The following table summarizes our operating results by segment. We do not have sales between segments. Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 Polymer Chemical Total Polymer Chemical Total (In thousands) Revenue $ 314,159 $ 196,788 $ 510,947 $ 272,970 $ 181,173 $ 454,143 Cost of goods sold 247,426 134,802 382,228 195,962 122,925 318,887 Gross profit 66,733 61,986 128,719 77,008 58,248 135,256 Operating expenses: Research and development 7,347 2,978 10,325 6,920 2,773 9,693 Selling, general, and administrative 24,242 18,337 42,579 26,383 16,386 42,769 Depreciation and amortization 17,342 16,965 34,307 14,977 17,000 31,977 Operating income $ 17,802 $ 23,706 41,508 $ 28,728 $ 22,089 50,817 Loss on extinguishment of debt (15,632 ) — Earnings of unconsolidated joint venture 125 94 Interest expense, net (33,017 ) (33,870 ) Income (loss) before income taxes $ (7,016 ) $ 17,041 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Polymer Chemical Total Polymer Chemical (1) Total (In thousands) Revenue $ 920,225 $ 574,167 $ 1,494,392 $ 786,132 $ 542,583 $ 1,328,715 Cost of goods sold 679,133 395,918 1,075,051 576,358 391,386 967,744 Gross profit 241,092 178,249 419,341 209,774 151,197 360,971 Operating expenses: Research and development 21,690 8,739 30,429 22,008 8,375 30,383 Selling, general, and administrative 73,391 51,045 124,436 82,631 53,214 135,845 Depreciation and amortization 50,439 51,601 102,040 45,199 48,714 93,913 Operating income $ 95,572 $ 66,864 162,436 $ 59,936 $ 40,894 100,830 Disposition and exit of business activities — 40,001 Loss on extinguishment of debt (35,370 ) (13,423 ) Earnings of unconsolidated joint venture 370 274 Interest expense, net (101,766 ) (101,450 ) Income before income taxes $ 25,670 $ 26,232 ____________________________________________________ (1) Our Chemical segment operating results were impacted by $24.7 million of amortization of step-up to fair market value of their inventories. The following table presents long-lived assets including goodwill and total assets. September 30, 2017 December 31, 2016 Polymer Chemical Total Polymer Chemical Total (In thousands) Property, plant, and equipment, net $ 559,170 $ 383,664 $ 942,834 $ 548,994 $ 357,728 $ 906,722 Investment in unconsolidated joint venture $ 12,098 $ — $ 12,098 $ 11,195 $ — $ 11,195 Goodwill $ — $ 773,635 $ 773,635 $ — $ 770,012 $ 770,012 Total assets $ 1,168,577 $ 1,824,029 $ 2,992,606 $ 1,127,273 $ 1,779,372 $ 2,906,645 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 September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) Revenue: United States $ 184,374 $ 177,170 $ 536,122 $ 508,522 Germany 53,535 43,782 155,640 132,068 All other countries 273,038 233,191 802,630 688,125 $ 510,947 $ 454,143 $ 1,494,392 $ 1,328,715 Following is a summary of long-lived assets by geographic region: September 30, 2017 December 31, 2016 (In thousands) Long-lived assets, at cost: United States $ 834,203 $ 789,067 Taiwan 178,452 167,907 France 131,346 117,965 Brazil 84,373 73,017 Germany 70,946 60,568 All other countries 149,174 109,616 $ 1,448,494 $ 1,318,140 Our capital expenditures for the Polymer segment, excluding capital expenditures by the KFPC joint venture, were $37.4 million and $35.4 million during the nine months ended September 30, 2017 and 2016 , respectively, and capital expenditures for our Chemical segment were $34.2 million and $27.5 million during the nine months ended September 30, 2017 and 2016 , respectively.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We own a 50% equity investment in an SBC manufacturing joint venture in Kashima, Japan. Our “Due to related party” liability on the Condensed Consolidated Balance Sheets is related to this joint venture and purchases from the joint venture amounted to $8.4 million and $8.3 million for the three months ended September 30, 2017 and 2016 , respectively, and $28.9 million and $22.2 million for the nine months ended September 30, 2017 and 2016 , respectively. We own a 50% variable interest in KFPC, an 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. Our total purchases during the three and nine months ended September 30, 2017 were $4.8 million and $8.9 million , respectively, and our outstanding payables was $2.1 million as of September 30, 2017 . See Note 14 Variable Interest Entity, for further discussion related to the KFPC joint venture. In 2015, a former board member was appointed the Chief Executive Officer of Jacobs Engineering Group, Inc. (“Jacobs”) which has historically supplied site maintenance and engineering services for our Belpre, Ohio, facility. This board member resigned from our board in May 2017. Our total purchases from Jacobs amounted to $2.5 million and $3.4 million during the three months ended September 30, 2017 and 2016 , respectively, and were $8.6 million and $8.5 million during the the nine months ended September 30, 2017 and 2016 , respectively, and our outstanding payable was $0.2 million as of September 30, 2017 .

Variable Interest Entity

Variable Interest Entity	9 Months Ended
	Sep. 30, 2017
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 that 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. As a result, we have consolidated KFPC in our financial statements and reflected FPCC’s 50% ownership as a noncontrolling interest. The following table summarizes the carrying amounts of assets and liabilities as of September 30, 2017 and December 31, 2016 for KFPC before intercompany eliminations. See Note 6 Long-Term Debt , for further discussion related to the KFPC Loan Agreement executed on July 17, 2014. September 30, 2017 December 31, 2016 (In thousands) Cash and cash equivalents $ 9,811 $ 14,150 Other current assets 21,899 13,385 Property, plant, and equipment, net 171,796 167,579 Intangible assets 9,529 9,403 Other long-term assets 10,954 2,495 Total assets $ 223,989 $ 207,012 Current portion of long-term debt $ 32,545 $ 11,585 Current liabilities 19,597 26,743 Long-term debt 113,691 104,012 Total liabilities $ 165,833 $ 142,340

Supplemental Guarantor Informat

Supplemental Guarantor Information	9 Months Ended
	Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Information	Supplemental Guarantor Information Prior to the consummation of the Arizona Chemical Acquisition, certain of our wholly-owned domestic subsidiaries became co-registrants on our shelf registration statement on Form S-3 that was filed in August 2015 (the “Form S-3”) pursuant to which such subsidiaries may in the future be issuers or guarantors of registered debt securities. As a result, we are required by the rules of the SEC to provide certain separate financial information with respect to the subsidiary issuers and guarantors that are co-registrants on the Form S-3 (which subsidiaries do not include any entities that became our subsidiary as a result of the subsequent consummation of the Arizona Chemical Acquisition). As of December 31, 2016, neither we nor any of our subsidiaries had any registered debt securities outstanding. Kraton Polymers LLC and its wholly-owned financing subsidiary, Kraton Polymers Capital Corporation, issued the 10.5% Senior Notes in January 2016 and the 7.0% Senior Notes in March 2017, each in private offerings, and each of which is fully and unconditionally guaranteed on a joint and several basis by Kraton Corporation, our subsidiaries that are co-registrants on the Form S-3 and certain entities that became our wholly-owned domestic subsidiaries in connection with the Arizona Chemical Acquisition. Kraton Polymers Capital Corporation has minimal assets and income. Because we have no registered debt outstanding at this time, we are presenting the following condensed consolidating financial information for the subsidiary issuers and guarantors of each of the 10.5% Senior Notes and 7.0% Senior Notes, which are prepared in accordance with the requirements of Rule 3-10 under Regulation S-X, to allow investors to determine the nature of the assets held by, and the operations and cash flows of, the various consolidating groups. If in the future we are no longer required by the rules of the SEC to provide separate financial information with respect to any of our subsidiaries, we will not necessarily continue presenting the below information. CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2017 (Unaudited) (In thousands, except par value) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 1,903 $ 4,514 $ 82,701 $ — $ 89,118 Receivables, net of allowances — 1,084 106,007 146,346 — 253,437 Inventories of products — 89 188,728 174,014 — 362,831 Inventories of materials and supplies — — 13,890 10,942 — 24,832 Prepaid expenses — 4,993 20,556 10,799 — 36,348 Other current assets — 1,281 5,879 38,833 — 45,993 Total current assets — 9,350 339,574 463,635 — 812,559 Property, plant, and equipment, less accumulated depreciation — 20,955 461,777 460,102 — 942,834 Goodwill — — 740,390 33,245 — 773,635 Intangible assets, less accumulated amortization — 28,909 327,531 60,307 — 416,747 Investment in consolidated subsidiaries 652,395 894,752 — — (1,547,147 ) — Investment in unconsolidated joint venture — 813 — 11,285 — 12,098 Debt issuance costs — — 2,633 — — 2,633 Deferred income taxes — 213 — 8,553 — 8,766 Other long-term assets — 910,871 238,716 839,392 (1,965,645 ) 23,334 Total assets $ 652,395 $ 1,865,863 $ 2,110,621 $ 1,876,519 $ (3,512,792 ) $ 2,992,606 LIABILITIES AND STOCKHOLDERS' AND MEMBER'S EQUITY Current liabilities: Current portion of long-term debt $ — $ — $ 1,009 $ 32,544 $ — $ 33,553 Accounts payable-trade — 1,823 72,878 81,725 — 156,426 Other payables and accruals — 43,832 43,285 64,739 — 151,856 Due to related party — — — 16,045 — 16,045 Total current liabilities — 45,655 117,172 195,053 — 357,880 Long-term debt, net of current portion — 1,274,842 1,330 390,902 — 1,667,074 Deferred income taxes — (106,969 ) 277,893 44,221 — 215,145 Other long-term liabilities — 258 1,261,509 872,017 (1,965,645 ) 168,139 Total liabilities — 1,213,786 1,657,904 1,502,193 (1,965,645 ) 2,408,238 Commitments and contingencies (note 10) 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 313 — — — — 313 Additional paid in capital 369,702 — — — — 369,702 Member's equity — 652,395 519,466 375,286 (1,547,147 ) — Retained earnings 282,380 — — — — 282,380 Accumulated other comprehensive loss — (318 ) (66,749 ) (30,038 ) — (97,105 ) Kraton Corporation stockholders' and member's equity 652,395 652,077 452,717 345,248 (1,547,147 ) 555,290 Noncontrolling interest — — — 29,078 — 29,078 Total stockholders' and member's equity 652,395 652,077 452,717 374,326 (1,547,147 ) 584,368 Total liabilities and stockholders' and member's equity $ 652,395 $ 1,865,863 $ 2,110,621 $ 1,876,519 $ (3,512,792 ) $ 2,992,606 CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2016 (In thousands, except par value) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 214 $ 6,280 $ 115,255 $ — $ 121,749 Receivables, net of allowances — 468 95,398 104,994 — 200,860 Inventories of products — (1,634 ) 176,301 153,329 — 327,996 Inventories of materials and supplies — — 13,521 8,871 — 22,392 Prepaid expenses — 6,077 20,635 9,139 — 35,851 Other current assets — 253 8,209 29,196 — 37,658 Total current assets — 5,378 320,344 420,784 — 746,506 Property, plant, and equipment, less accumulated depreciation — 27,123 457,031 422,568 — 906,722 Goodwill — — 740,394 29,618 — 770,012 Intangible assets, less accumulated amortization — 32,493 351,155 55,550 — 439,198 Investment in consolidated subsidiaries 616,431 2,952,279 — — (3,568,710 ) — Investment in unconsolidated joint venture — 813 — 10,382 — 11,195 Debt issuance costs — — 3,511 — — 3,511 Deferred income taxes — 213 — 6,694 — 6,907 Other long-term assets — 77,963 1,876,402 1,006,230 (2,938,001 ) 22,594 Total assets $ 616,431 $ 3,096,262 $ 3,748,837 $ 1,951,826 $ (6,506,711 ) $ 2,906,645 LIABILITIES AND STOCKHOLDERS’ AND MEMBER’S EQUITY Current liabilities: Current portion of long-term debt $ — $ 29,250 $ 990 $ 11,585 $ — $ 41,825 Accounts payable-trade — 5,318 73,501 71,262 — 150,081 Other payables and accruals — 22,266 51,488 56,644 — 130,398 Due to related party — — — 14,669 — 14,669 Total current liabilities — 56,834 125,979 154,160 — 336,973 Long-term debt, net of current portion — 1,591,637 2,051 104,012 — 1,697,700 Deferred income taxes — (104,841 ) 277,756 38,481 — 211,396 Other long-term liabilities — 937,569 1,142,952 1,027,819 (2,938,001 ) 170,339 Total liabilities — 2,481,199 1,548,738 1,324,472 (2,938,001 ) 2,416,408 Commitments and contingencies (note 10) 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 310 — — — — 310 Additional paid in capital 361,682 — — — — 361,682 Member’s equity — 616,431 2,266,840 685,439 (3,568,710 ) — Retained earnings 254,439 — — — — 254,439 Accumulated other comprehensive loss — (1,368 ) (66,741 ) (90,421 ) — (158,530 ) Kraton Corporation stockholders’ and member’s equity 616,431 615,063 2,200,099 595,018 (3,568,710 ) 457,901 Noncontrolling interest — — — 32,336 — 32,336 Total stockholders’ and member’s equity 616,431 615,063 2,200,099 627,354 (3,568,710 ) 490,237 Total liabilities and stockholders’ and member’s equity $ 616,431 $ 3,096,262 $ 3,748,837 $ 1,951,826 $ (6,506,711 ) $ 2,906,645 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 277,964 $ 381,147 $ (148,164 ) $ 510,947 Cost of goods sold — 4,257 219,541 306,594 (148,164 ) 382,228 Gross profit (loss) — (4,257 ) 58,423 74,553 — 128,719 Operating expenses: Research and development — 4,020 2,503 3,802 — 10,325 Selling, general, and administrative — 18,636 11,838 12,105 — 42,579 Depreciation and amortization — 5,580 18,209 10,518 — 34,307 Other (income) expense — (26,894 ) (18,355 ) 45,249 — — Operating income (loss) — (5,599 ) 44,228 2,879 — 41,508 Loss on extinguishment of debt — (15,632 ) — — — (15,632 ) Earnings (loss) in consolidated subsidiaries (4,851 ) 16,926 — — (12,075 ) — Earnings of unconsolidated joint venture — — — 125 — 125 Interest expense, net — (2,328 ) (28,757 ) (1,932 ) — (33,017 ) Income (loss) before income taxes (4,851 ) (6,633 ) 15,471 1,072 (12,075 ) (7,016 ) Income tax benefit (expense) — 1,782 1,660 (1,277 ) — 2,165 Consolidated net income (loss) (4,851 ) (4,851 ) 17,131 (205 ) (12,075 ) (4,851 ) Net loss attributable to noncontrolling interest — — — 818 — 818 Net income (loss) attributable to Kraton $ (4,851 ) $ (4,851 ) $ 17,131 $ 613 $ (12,075 ) $ (4,033 ) CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 227,916 $ 268,179 $ (41,952 ) $ 454,143 Cost of goods sold — (2,090 ) 150,426 212,503 (41,952 ) 318,887 Gross profit — 2,090 77,490 55,676 — 135,256 Operating expenses: Research and development — 3,661 2,432 3,600 — 9,693 Selling, general, and administrative — 36,277 (3,220 ) 9,712 — 42,769 Depreciation and amortization — 5,610 19,818 6,549 — 31,977 Other (income) expense — (70,969 ) 29,124 41,845 — — Operating income (loss) — 27,511 29,336 (6,030 ) — 50,817 Earnings in consolidated subsidiaries 14,843 21,259 — — (36,102 ) — Earnings of unconsolidated joint venture — — — 94 — 94 Interest income (expense), net — (34,163 ) (60 ) 353 — (33,870 ) Income (loss) before income taxes 14,843 14,607 29,276 (5,583 ) (36,102 ) 17,041 Income tax benefit (expense) — 236 288 (2,722 ) — (2,198 ) Consolidated net income (loss) 14,843 14,843 29,564 (8,305 ) (36,102 ) 14,843 Net loss attributable to noncontrolling interest — — — 717 — 717 Net income (loss) attributable to Kraton $ 14,843 $ 14,843 $ 29,564 $ (7,588 ) $ (36,102 ) $ 15,560 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Nine Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 826,753 $ 1,094,397 $ (426,758 ) $ 1,494,392 Cost of goods sold — 173 610,728 890,908 (426,758 ) 1,075,051 Gross profit (loss) — (173 ) 216,025 203,489 — 419,341 Operating expenses: Research and development — 11,588 7,650 11,191 — 30,429 Selling, general, and administrative — 50,893 35,770 37,773 — 124,436 Depreciation and amortization — 16,721 55,199 30,120 — 102,040 Other (income) expense — (73,860 ) (66 ) 73,926 — — Operating income (loss) — (5,515 ) 117,472 50,479 — 162,436 Loss on extinguishment of debt — (35,370 ) — — — (35,370 ) Earnings in consolidated subsidiaries 22,763 77,296 — — (100,059 ) — Earnings of unconsolidated joint venture — — — 370 — 370 Interest expense, net — (16,703 ) (83,055 ) (2,008 ) — (101,766 ) Income before income taxes 22,763 19,708 34,417 48,841 (100,059 ) 25,670 Income tax benefit (expense) — 3,055 698 (6,660 ) — (2,907 ) Consolidated net income 22,763 22,763 35,115 42,181 (100,059 ) 22,763 Net loss attributable to noncontrolling interest — — — 5,178 — 5,178 Net income attributable to Kraton $ 22,763 $ 22,763 $ 35,115 $ 47,359 $ (100,059 ) $ 27,941 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Nine Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 658,995 $ 788,826 $ (119,106 ) $ 1,328,715 Cost of goods sold — (1,519 ) 462,311 626,058 (119,106 ) 967,744 Gross profit — 1,519 196,684 162,768 — 360,971 Operating expenses: Research and development — 11,259 7,864 11,260 — 30,383 Selling, general, and administrative — 77,720 23,550 34,575 — 135,845 Depreciation and amortization — 16,811 58,691 18,411 — 93,913 Other (income) expense — (119,947 ) 53,682 66,265 — — Operating income — 15,676 52,897 32,257 — 100,830 Disposition and exit of business activities — — 36,821 3,180 — 40,001 Loss on extinguishment of debt — (13,423 ) — — — (13,423 ) Earnings in consolidated subsidiaries 109,256 121,262 — — (230,518 ) — Earnings of unconsolidated joint venture — — — 274 — 274 Interest income (expense), net — (101,521 ) (952 ) 1,023 — (101,450 ) Income before income taxes 109,256 21,994 88,766 36,734 (230,518 ) 26,232 Income tax benefit (expense) — 87,262 (2,071 ) (2,167 ) — 83,024 Consolidated net income 109,256 109,256 86,695 34,567 (230,518 ) 109,256 Net loss attributable to noncontrolling interest — — — 1,792 — 1,792 Net income attributable to Kraton $ 109,256 $ 109,256 $ 86,695 $ 36,359 $ (230,518 ) $ 111,048 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) attributable to Kraton $ (4,851 ) $ (4,851 ) $ 17,131 $ 613 $ (12,075 ) $ (4,033 ) Other comprehensive income: Foreign currency translation adjustments, net of tax — — — 18,910 — 18,910 Unrealized loss on cash flow hedges, net of tax — (239 ) — — — (239 ) Reclassification of loss on cash flow hedge — 920 — — — 920 Other comprehensive income, net of tax — 681 — 18,910 — 19,591 Comprehensive income (loss) attributable to Kraton (4,851 ) (4,170 ) 17,131 19,523 (12,075 ) 15,558 Comprehensive loss attributable to noncontrolling interest — — — (787 ) — (787 ) Consolidated comprehensive income (loss) $ (4,851 ) $ (4,170 ) $ 17,131 $ 18,736 $ (12,075 ) $ 14,771 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) attributable to Kraton $ 14,843 $ 14,843 $ 29,564 $ (7,588 ) $ (36,102 ) $ 15,560 Other comprehensive income (loss): Foreign currency translation adjustments, net of tax — — — 3,994 — 3,994 Unrealized loss on cash flow hedges, net of tax — (21 ) — (27 ) — (48 ) Other comprehensive income (loss), net of tax — (21 ) — 3,967 — 3,946 Comprehensive income (loss) attributable to Kraton 14,843 14,822 29,564 (3,621 ) (36,102 ) 19,506 Comprehensive loss attributable to noncontrolling interest — — — 339 — 339 Consolidated comprehensive income (loss) $ 14,843 $ 14,822 $ 29,564 $ (3,282 ) $ (36,102 ) $ 19,845 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME Nine Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 22,763 $ 22,763 $ 35,115 $ 47,359 $ (100,059 ) $ 27,941 Other comprehensive income: Foreign currency translation adjustments, net of tax — — — 60,691 — 60,691 Unrealized loss on cash flow hedges, net of tax — (145 ) — — — (145 ) Reclassification of loss on cash flow hedge — 879 — — — 879 Other comprehensive income, net of tax — 734 — 60,691 — 61,425 Comprehensive income attributable to Kraton 22,763 23,497 35,115 108,050 (100,059 ) 89,366 Comprehensive loss attributable to noncontrolling interest — — — (3,258 ) — (3,258 ) Consolidated comprehensive income $ 22,763 $ 23,497 $ 35,115 $ 104,792 $ (100,059 ) $ 86,108 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Nine Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 109,256 $ 109,256 $ 86,695 $ 36,359 $ (230,518 ) $ 111,048 Other comprehensive income (loss): Foreign currency translation adjustments, net of tax — — — 27,311 — 27,311 Unrealized loss on cash flow hedges, net of tax — (5,293 ) — (61 ) — (5,354 ) Other comprehensive income (loss), net of tax — (5,293 ) — 27,250 — 21,957 Comprehensive income attributable to Kraton 109,256 103,963 86,695 63,609 (230,518 ) 133,005 Comprehensive loss attributable to noncontrolling interest — — — (199 ) — (199 ) Consolidated comprehensive income $ 109,256 $ 103,963 $ 86,695 $ 63,410 $ (230,518 ) $ 132,806 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows provided by operating activities $ — $ 3,202 $ 83,812 $ 48,435 $ — $ 135,449 Cash flows provided by (used in) investing activities: Proceeds from intercompany loans — 44,961 — — (44,961 ) — Kraton purchase of property, plant and equipment — (2,943 ) (39,904 ) (28,748 ) — (71,595 ) KFPC purchase of property, plant and equipment — — — (11,790 ) — (11,790 ) Purchase of software and other intangibles — (3,956 ) (147 ) (856 ) — (4,959 ) Net cash provided by (used in) investing activities — 38,062 (40,051 ) (41,394 ) (44,961 ) (88,344 ) Cash flows used in financing activities: Proceeds from debt — 399,350 32,797 307,020 — 739,167 Repayments of debt — (778,000 ) (32,797 ) (26,215 ) — (837,012 ) KFPC proceeds from debt — — — 39,898 — 39,898 KFPC repayments of debt — — — (16,244 ) — (16,244 ) Capital lease payments — — (703 ) — — (703 ) Purchase of treasury stock (2,297 ) — — — — (2,297 ) Cash contributions from member — (2,297 ) — (351,324 ) 353,621 — Cash distributions to member (657 ) 354,278 — — (353,621 ) — Proceeds from the exercise of stock options 2,954 — — — — 2,954 Settlement of interest rate swap — (879 ) — — — (879 ) Settlement of foreign currency hedges — (716 ) — — — (716 ) Debt issuance costs — (11,311 ) — (2,618 ) — (13,929 ) Payments on intercompany loans — — (44,824 ) (137 ) 44,961 — Net cash used in financing activities — (39,575 ) (45,527 ) (49,620 ) 44,961 (89,761 ) Effect of exchange rate differences on cash — — — 10,025 — 10,025 Net increase (decrease) in cash and cash equivalents — 1,689 (1,766 ) (32,554 ) — (32,631 ) Cash and cash equivalents, beginning of period — 214 6,280 115,255 — 121,749 Cash and cash equivalents, end of period $ — $ 1,903 $ 4,514 $ 82,701 $ — $ 89,118 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows provided by (used in) operating activities $ — $ (53,043 ) $ 142,718 $ 36,454 $ — $ 126,129 Cash flows provided by (used in) investing activities: Proceeds from intercompany loans — 167,868 — — (167,868 ) — Kraton purchase of property, plant, and equipment — (2,253 ) (38,082 ) (22,550 ) — (62,885 ) KFPC purchase of property, plant, and equipment — — — (16,995 ) — (16,995 ) Purchase of software and other intangibles — (3,280 ) (1,411 ) — — (4,691 ) Acquisition, net of cash acquired — (1,367,088 ) 11,590 43,393 — (1,312,105 ) Sale of assets — — 72,803 — — 72,803 Net cash provided by (used in) investing activities — (1,204,753 ) 44,900 3,848 (167,868 ) (1,323,873 ) Cash flows provided by (used in) financing activities: Proceeds from debt — 1,732,890 50,075 — — 1,782,965 Repayments of debt — (430,058 ) (50,075 ) — — (480,133 ) KFPC proceeds from debt — — — 24,368 — 24,368 Capital lease payments — — (105 ) — — (105 ) Purchase of treasury stock (967 ) — — — — (967 ) Cash contributions from member — (967 ) — — 967 — Cash distributions to member (1,658 ) 2,625 — — (967 ) — Proceeds from the exercise of stock options 2,625 — — — — 2,625 Settlement of interest rate swap — — (5,155 ) — — (5,155 ) Debt issuance costs — (53,929 ) (3,717 ) — — (57,646 ) Payments on intercompany loans — — (168,075 ) 207 167,868 — Net cash provided by (used in) financing activities — 1,250,561 (177,052 ) 24,575 167,868 1,265,952 Effect of exchange rate differences on cash — — — 5,291 — 5,291 Net increase (decrease) in cash and cash equivalents — (7,235 ) 10,566 70,168 — 73,499 Cash and cash equivalents, beginning of period — 7,256 11,595 51,198 — 70,049 Cash and cash equivalents, end of period $ — $ 21 $ 22,161 $ 121,366 $ — $ 143,548

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have evaluated events and transactions that occurred after the balance sheet date and determined that there were no significant events or transactions that would require recognition or disclosure in our condensed consolidated financial statements for the period ended September 30, 2017 .

General (Policies)

General (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying unaudited Condensed Consolidated Financial Statements presented in this report 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 fiscal year ended December 31, 2016 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, roadmarking, roofing, and construction applications. In particular, sales volumes into these applications are generally higher in the second and third quarter of the calendar year as warm and dry weather is more conducive to paving and roofing activity.
Use of Estimates	Use of Estimates. The preparation of these Condensed Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles 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 long-lived assets; • estimates of fair value for assets acquired and liabilities assumed in business combinations; • allowances for doubtful accounts and sales returns; • the valuation of derivatives, deferred tax assets, property, plant and equipment, intangible assets, inventory, investments, and share-based compensation; and • liabilities for employee benefit obligations, environmental matters, asset retirement obligations, 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 there is uncertainty that they may 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 benefit (expense) and our stockholders’ equity and could have a significant impact on our results of operations or financial condition in future periods.
New Accounting Pronouncements	Accounting Standards Adopted in the Current Period We have implemented all new accounting pronouncements that are in effect and that management believes would materially affect our financial statements. In July 2015, the Financial Accounting Standards Board (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. We adopted ASU 2015-11 as of January 1, 2017 and there was no material impact to our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 817) . The ASU changes seven aspects of the accounting for share-based payment award transactions, including: (1) accounting for income taxes; (2) classification of excess tax benefits on the statement of cash flows; (3) forfeitures; (4) minimum statutory tax withholding requirements; (5) classification of employee taxes paid on the statement of cash flows when an employer withholds shares for tax-withholding purposes; (6) practical expedient - expected term (nonpublic only); and (7) intrinsic value (nonpublic only). The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption was permitted. We adopted ASU 2016-09 as of January 1, 2017 and there was no material impact to our consolidated financial statements. Prior to January 1, 2017, the employee share-based compensation expense was recorded net of estimated forfeiture rates and subsequently adjusted at the vesting date, as appropriate. On a go forward basis, we elected to recognize actual forfeitures by reducing the employee share-based compensation expense in the same period as the forfeitures occur. New Accounting Standards to be Adopted in Future Periods In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , updated by ASU No. 2015-14 Deferral of the Effective Date , 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. In August 2015, 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. We plan to adopt ASU No. 2014-09 and its amendment on a modified retrospective basis on January 1, 2018. While we are currently assessing the impact of the new standard, our revenue is primarily generated from the sale of finished product to customers. Those sales predominantly contain a single delivery element and revenue is recognized at a single point in time, when ownership and risk of loss transfers. These are largely un-impacted by the new standard. We are still analyzing the quantitative impact of adoption, but we do not currently expect it to have a material impact on our consolidated financial position or results of operations. Although we do expect that our disclosures in our notes to consolidated financial statements related to revenue recognition will be expanded under the new standard. As we complete our overall assessment, we are identifying and preparing to implement changes to our accounting policies and practices, business processes, systems and controls to support the new revenue recognition and disclosure requirements. Our assessment will be completed during fiscal year 2017. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This standard requires that an entity must recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of twelve months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and liabilities. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 and early adoption is permitted. 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 August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) . The ASU addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and early adoption is permitted. 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 January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . This standard is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and early adoption is permitted for annual or interim goodwill impairment tests performed on testing dates after January 1, 2017. Our evaluation of this standard is currently ongoing. In March 2017, the FASB issued ASU 2017-07, Compensation-Retirement Benefits (Topic 715)-Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost . The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and early adoption is permitted as of the beginning of a year for which financial statements (interim and annual) have not been issued. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component. Our service costs were $4.8 million and $4.6 million for the nine months ended September 30, 2017 and 2016 , respectively. Our evaluation of this standard is currently ongoing and we will adopt ASU 2017-07 effective on January 1, 2018. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . This standard is effective for fiscal years beginning after December 15, 2018, and early adoption is permitted for any interim period after issuance of the ASU. Our evaluation of this standard is currently ongoing.

Detail of Certain Balance She26

Detail of Certain Balance Sheet Accounts (Tables)	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Detail of certain balance sheet accounts	September 30, 2017 December 31, 2016 (In thousands) Inventories of products: Finished products $ 273,948 $ 248,143 Work in progress 4,893 5,648 Raw materials 93,816 86,864 Inventories of products, gross 372,657 340,655 Inventory reserves (9,826 ) (12,659 ) Total inventories of products, net $ 362,831 $ 327,996 Intangible assets: Contractual agreements $ 263,882 $ 258,646 Technology 146,181 145,320 Customer relationships 60,480 59,977 Tradenames/trademarks 78,828 77,666 Software 51,990 42,535 Intangible assets 601,361 584,144 Less accumulated amortization: Contractual agreements 38,778 20,757 Technology 50,780 44,698 Customer relationships 32,965 31,863 Tradenames/trademarks 33,903 25,363 Software 28,188 22,265 Total accumulated amortization 184,614 144,946 Intangible assets, net of accumulated amortization $ 416,747 $ 439,198 Other payables and accruals: Employee related $ 36,638 $ 33,947 Interest payable 28,179 10,135 Property, plant, and equipment accruals 15,530 26,260 Other 71,509 60,056 Total other payables and accruals $ 151,856 $ 130,398 Other long-term liabilities: Pension and other post-retirement benefits $ 138,597 $ 138,188 Other 29,542 32,151 Total other long-term liabilities $ 168,139 $ 170,339
Schedule of accumulated other comprehensive income (loss)	Changes in accumulated other comprehensive loss by component were as follows: Cumulative Foreign Currency Translation Net Unrealized Gain (Loss) on Cash Flow Hedges Net Unrealized Loss on Net Investment Hedges Benefit Plans Liability, Net of Tax Total (In thousands) December 31, 2015 $ (65,995 ) $ — $ (1,926 ) $ (70,647 ) $ (138,568 ) Other comprehensive income (loss) before reclassifications 27,311 (5,354 ) — — 21,957 Amounts reclassified from accumulated other comprehensive income (loss) — — — — — Net other comprehensive income (loss) for the year 27,311 (5,354 ) — — 21,957 September 30, 2016 $ (38,684 ) $ (5,354 ) $ (1,926 ) $ (70,647 ) $ (116,611 ) December 31, 2016 $ (72,731 ) $ 515 $ (1,926 ) $ (84,388 ) $ (158,530 ) Other comprehensive income (loss) before reclassifications 60,691 (145 ) — — 60,546 Amounts reclassified from accumulated other comprehensive income — 879 — — 879 Net other comprehensive income for the year 60,691 734 — — 61,425 September 30, 2017 $ (12,040 ) $ 1,249 $ (1,926 ) $ (84,388 ) $ (97,105 )

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 Three Months Ended September 30, 2016 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) Basic: As reported $ (4,033 ) 31,223 $ 15,560 30,874 Amounts allocated to unvested restricted shares 77 (598 ) (329 ) (653 ) Amounts available to common stockholders (3,956 ) 30,625 $ (0.13 ) 15,231 30,221 $ 0.50 Diluted: Amounts allocated to unvested restricted shares (77 ) 598 329 653 Non participating share units — — — 205 Stock options added under the treasury stock method — — — 357 Amounts reallocated to unvested restricted shares 77 (598 ) (323 ) (653 ) Amounts available to stockholders and assumed conversions $ (3,956 ) 30,625 $ (0.13 ) $ 15,237 30,783 $ 0.49 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 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) Basic: As reported $ 27,941 31,151 $ 111,048 30,809 Amounts allocated to unvested restricted shares (541 ) (603 ) (2,422 ) (672 ) Amounts available to common stockholders 27,400 30,548 $ 0.90 108,626 30,137 $ 3.60 Diluted: Amounts allocated to unvested restricted shares 541 603 2,422 672 Non participating share units — 175 — 208 Stock options added under the treasury stock method — 283 — 212 Amounts reallocated to unvested restricted shares (533 ) (603 ) (2,390 ) (672 ) Amounts available to stockholders and assumed conversions $ 27,408 31,006 $ 0.88 $ 108,658 30,557 $ 3.56

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consists of the following: September 30, 2017 December 31, 2016 Principal Discount Debt Issuance Costs Total Principal Discount Debt Issuance Costs Total (In thousands) USD Tranche $ 500,000 $ (14,173 ) $ (14,793 ) $ 471,034 $ 1,278,000 $ (34,085 ) $ (31,662 ) $ 1,212,253 Euro Tranche 281,005 — (3,795 ) 277,210 — — — — 10.5% Senior Notes 440,000 (13,710 ) (14,889 ) 411,401 440,000 (15,038 ) (16,329 ) 408,633 7.0% Senior Notes 400,000 — (7,593 ) 392,407 — — — — ABL Facility — — — — — — — — KFPC Loan Agreement 146,451 — (215 ) 146,236 115,854 — (257 ) 115,597 Capital lease obligation 2,339 — — 2,339 3,042 — — 3,042 Total debt 1,769,795 (27,883 ) (41,285 ) 1,700,627 1,836,896 (49,123 ) (48,248 ) 1,739,525 Less current portion of total debt 33,553 — — 33,553 41,825 — — 41,825 Long-term debt $ 1,736,242 $ (27,883 ) $ (41,285 ) $ 1,667,074 $ 1,795,071 $ (49,123 ) $ (48,248 ) $ 1,697,700
Remaining principal payments on outstanding total debt	The remaining principal payments on our outstanding total debt as of September 30, 2017 , are as follows: Principal Payments (In thousands) October 1, 2017 through September 30, 2018 $ 33,553 October 1, 2018 through September 30, 2019 32,816 October 1, 2019 through September 30, 2020 81,538 October 1, 2020 through September 30, 2021 188 October 1, 2021 through September 30, 2022 781,204 Thereafter 840,496 Total debt $ 1,769,795

Fair Value Measurements, Fina29

Fair Value Measurements, Financial Instruments, and Credit Risk (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 and December 31, 2016 . 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 placement within the fair value hierarchy levels. Fair Value Measurements at Reporting Date Using Balance Sheet Location September 30, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Derivative asset – current Other current assets $ 587 $ — $ 587 $ — Derivative asset – noncurrent Other long-term assets 1,371 — 1,371 — Retirement plan asset – noncurrent Other long-term asset 2,412 2,412 — — Total $ 4,370 $ 2,412 $ 1,958 $ — Fair Value Measurements at Reporting Date Using Balance Sheet Location December 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Derivative asset – current Other current assets $ 243 $ — $ 243 $ — Derivative asset – noncurrent Other long-term assets 568 — 568 — Retirement plan asset – noncurrent Other long-term assets 1,894 1,894 — — Total $ 2,705 $ 1,894 $ 811 $ —
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, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value (In thousands) USD Tranche (significant other observable inputs – level 2) $ 500,000 $ 505,940 $ 1,278,000 $ 1,293,975 Euro Tranche (significant other observable inputs – level 2) $ 281,005 $ 285,571 $ — $ — 10.5% Senior Notes (quoted prices in active market for identical assets – level 1) $ 440,000 $ 504,975 $ 440,000 $ 501,600 7.0% Senior Notes (quoted prices in active market for identical assets – level 1) $ 400,000 $ 430,060 $ — $ — Capital lease obligation (significant other observable inputs – level 2) $ 2,339 $ 2,339 $ 3,042 $ 3,042 KFPC Loan Agreement (significant unobservable inputs – level 3) $ 146,451 $ 146,451 $ 115,854 $ 115,854

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Reconciliation of effective tax rates	The provision for income taxes differs from the amount computed by applying the U.S. corporate statutory income tax rate to income (loss) before income taxes for the reasons set forth below. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) Income taxes at the statutory rate $ 2,455 $ (5,964 ) $ (8,985 ) $ (9,181 ) State taxes, net of federal benefit 25 (1,114 ) 117 (521 ) Foreign tax rate differential (3,403 ) 2,436 2,263 6,018 Permanent differences 1,464 2,934 3,190 265 Uncertain tax positions 1,821 (292 ) 666 (928 ) Valuation allowance 13 (176 ) 330 87,404 Return to provision adjustments (512 ) (33 ) (509 ) (33 ) Other 302 11 21 — Income tax benefit (expense) $ 2,165 $ (2,198 ) $ (2,907 ) $ 83,024 Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Income taxes at the statutory rate (35.0 )% (35.0 )% (35.0 )% (35.0 )% State taxes, net of federal benefit (0.4 ) (6.5 ) 0.5 (2.0 ) Foreign tax rate differential 48.5 14.3 8.8 22.9 Permanent differences (20.9 ) 17.2 12.4 1.0 Uncertain tax positions (26.0 ) (1.7 ) 2.6 (3.5 ) Valuation allowance (0.2 ) (1.0 ) 1.3 333.2 Return to provision adjustments 7.3 (0.2 ) (2.0 ) (0.1 ) Other (4.2 ) — 0.1 — Effective tax rate (30.9 )% (12.9 )% (11.3 )% 316.5 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Changes in the aggregate carrying amount of ARO liability	The changes in the aggregate carrying amount of our asset retirement obligations are as follows: Nine Months Ended September 30, 2017 2016 (In thousands) Beginning balance $ 8,863 $ 10,078 Obligations assumed in Arizona Chemical Acquisition — 1,908 Additional accruals 439 2,146 Accretion expense 241 303 Obligations settled (3,065 ) (3,780 ) Foreign currency translation, net 484 138 Ending Balance $ 6,962 $ 10,793

Employee Benefits (Tables)

Employee Benefits (Tables)	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [Abstract]
Components of net periodic benefit cost	The components of net periodic benefit costs related to pension benefits are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 U.S Plans Non-U.S. Plans U.S Plans Non-U.S. Plans U.S Plans Non-U.S. Plans U.S Plans Non-U.S. Plans (In thousands) Service cost $ 799 $ 695 $ 771 $ 566 $ 2,399 $ 1,998 $ 2,518 $ 1,642 Interest cost 1,832 718 1,828 632 5,494 2,093 5,514 2,264 Expected return on plan assets (2,351 ) (811 ) (2,344 ) (698 ) (7,052 ) (2,371 ) (7,011 ) (2,593 ) Amortization of prior service cost 905 55 648 5 2,715 160 2,048 17 Net periodic benefit cost $ 1,185 $ 657 $ 903 $ 505 $ 3,556 $ 1,880 $ 3,069 $ 1,330 The components of net periodic benefit cost related to other post-retirement benefits are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 U.S Plans U.S Plans U.S Plans U.S Plans (In thousands) Service cost $ 130 $ 135 $ 420 $ 405 Interest cost 348 350 1,028 1,050 Amortization of prior service cost 150 153 450 458 Net periodic benefit cost $ 628 $ 638 $ 1,898 $ 1,913

Industry Segments and Foreign33

Industry Segments and Foreign Operations (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Sales revenue for primary product lines	The following table summarizes our operating results by segment. We do not have sales between segments. Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 Polymer Chemical Total Polymer Chemical Total (In thousands) Revenue $ 314,159 $ 196,788 $ 510,947 $ 272,970 $ 181,173 $ 454,143 Cost of goods sold 247,426 134,802 382,228 195,962 122,925 318,887 Gross profit 66,733 61,986 128,719 77,008 58,248 135,256 Operating expenses: Research and development 7,347 2,978 10,325 6,920 2,773 9,693 Selling, general, and administrative 24,242 18,337 42,579 26,383 16,386 42,769 Depreciation and amortization 17,342 16,965 34,307 14,977 17,000 31,977 Operating income $ 17,802 $ 23,706 41,508 $ 28,728 $ 22,089 50,817 Loss on extinguishment of debt (15,632 ) — Earnings of unconsolidated joint venture 125 94 Interest expense, net (33,017 ) (33,870 ) Income (loss) before income taxes $ (7,016 ) $ 17,041 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Polymer Chemical Total Polymer Chemical (1) Total (In thousands) Revenue $ 920,225 $ 574,167 $ 1,494,392 $ 786,132 $ 542,583 $ 1,328,715 Cost of goods sold 679,133 395,918 1,075,051 576,358 391,386 967,744 Gross profit 241,092 178,249 419,341 209,774 151,197 360,971 Operating expenses: Research and development 21,690 8,739 30,429 22,008 8,375 30,383 Selling, general, and administrative 73,391 51,045 124,436 82,631 53,214 135,845 Depreciation and amortization 50,439 51,601 102,040 45,199 48,714 93,913 Operating income $ 95,572 $ 66,864 162,436 $ 59,936 $ 40,894 100,830 Disposition and exit of business activities — 40,001 Loss on extinguishment of debt (35,370 ) (13,423 ) Earnings of unconsolidated joint venture 370 274 Interest expense, net (101,766 ) (101,450 ) Income before income taxes $ 25,670 $ 26,232 ____________________________________________________ (1) Our Chemical segment operating results were impacted by $24.7 million of amortization of step-up to fair market value of their inventories.
Schedule of assets by segment	The following table presents long-lived assets including goodwill and total assets. September 30, 2017 December 31, 2016 Polymer Chemical Total Polymer Chemical Total (In thousands) Property, plant, and equipment, net $ 559,170 $ 383,664 $ 942,834 $ 548,994 $ 357,728 $ 906,722 Investment in unconsolidated joint venture $ 12,098 $ — $ 12,098 $ 11,195 $ — $ 11,195 Goodwill $ — $ 773,635 $ 773,635 $ — $ 770,012 $ 770,012 Total assets $ 1,168,577 $ 1,824,029 $ 2,992,606 $ 1,127,273 $ 1,779,372 $ 2,906,645
Summary of revenue by geographic region	Following is a summary of revenue by geographic region: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) Revenue: United States $ 184,374 $ 177,170 $ 536,122 $ 508,522 Germany 53,535 43,782 155,640 132,068 All other countries 273,038 233,191 802,630 688,125 $ 510,947 $ 454,143 $ 1,494,392 $ 1,328,715
Summary of long-lived assets by geographic region	Following is a summary of long-lived assets by geographic region: September 30, 2017 December 31, 2016 (In thousands) Long-lived assets, at cost: United States $ 834,203 $ 789,067 Taiwan 178,452 167,907 France 131,346 117,965 Brazil 84,373 73,017 Germany 70,946 60,568 All other countries 149,174 109,616 $ 1,448,494 $ 1,318,140

Variable Interest Entity (Table

Variable Interest Entity (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 and December 31, 2016 for KFPC before intercompany eliminations. See Note 6 Long-Term Debt , for further discussion related to the KFPC Loan Agreement executed on July 17, 2014. September 30, 2017 December 31, 2016 (In thousands) Cash and cash equivalents $ 9,811 $ 14,150 Other current assets 21,899 13,385 Property, plant, and equipment, net 171,796 167,579 Intangible assets 9,529 9,403 Other long-term assets 10,954 2,495 Total assets $ 223,989 $ 207,012 Current portion of long-term debt $ 32,545 $ 11,585 Current liabilities 19,597 26,743 Long-term debt 113,691 104,012 Total liabilities $ 165,833 $ 142,340

Supplemental Guarantor Inform35

Supplemental Guarantor Information (Tables)	9 Months Ended
	Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2017 (Unaudited) (In thousands, except par value) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 1,903 $ 4,514 $ 82,701 $ — $ 89,118 Receivables, net of allowances — 1,084 106,007 146,346 — 253,437 Inventories of products — 89 188,728 174,014 — 362,831 Inventories of materials and supplies — — 13,890 10,942 — 24,832 Prepaid expenses — 4,993 20,556 10,799 — 36,348 Other current assets — 1,281 5,879 38,833 — 45,993 Total current assets — 9,350 339,574 463,635 — 812,559 Property, plant, and equipment, less accumulated depreciation — 20,955 461,777 460,102 — 942,834 Goodwill — — 740,390 33,245 — 773,635 Intangible assets, less accumulated amortization — 28,909 327,531 60,307 — 416,747 Investment in consolidated subsidiaries 652,395 894,752 — — (1,547,147 ) — Investment in unconsolidated joint venture — 813 — 11,285 — 12,098 Debt issuance costs — — 2,633 — — 2,633 Deferred income taxes — 213 — 8,553 — 8,766 Other long-term assets — 910,871 238,716 839,392 (1,965,645 ) 23,334 Total assets $ 652,395 $ 1,865,863 $ 2,110,621 $ 1,876,519 $ (3,512,792 ) $ 2,992,606 LIABILITIES AND STOCKHOLDERS' AND MEMBER'S EQUITY Current liabilities: Current portion of long-term debt $ — $ — $ 1,009 $ 32,544 $ — $ 33,553 Accounts payable-trade — 1,823 72,878 81,725 — 156,426 Other payables and accruals — 43,832 43,285 64,739 — 151,856 Due to related party — — — 16,045 — 16,045 Total current liabilities — 45,655 117,172 195,053 — 357,880 Long-term debt, net of current portion — 1,274,842 1,330 390,902 — 1,667,074 Deferred income taxes — (106,969 ) 277,893 44,221 — 215,145 Other long-term liabilities — 258 1,261,509 872,017 (1,965,645 ) 168,139 Total liabilities — 1,213,786 1,657,904 1,502,193 (1,965,645 ) 2,408,238 Commitments and contingencies (note 10) 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 313 — — — — 313 Additional paid in capital 369,702 — — — — 369,702 Member's equity — 652,395 519,466 375,286 (1,547,147 ) — Retained earnings 282,380 — — — — 282,380 Accumulated other comprehensive loss — (318 ) (66,749 ) (30,038 ) — (97,105 ) Kraton Corporation stockholders' and member's equity 652,395 652,077 452,717 345,248 (1,547,147 ) 555,290 Noncontrolling interest — — — 29,078 — 29,078 Total stockholders' and member's equity 652,395 652,077 452,717 374,326 (1,547,147 ) 584,368 Total liabilities and stockholders' and member's equity $ 652,395 $ 1,865,863 $ 2,110,621 $ 1,876,519 $ (3,512,792 ) $ 2,992,606 CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2016 (In thousands, except par value) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 214 $ 6,280 $ 115,255 $ — $ 121,749 Receivables, net of allowances — 468 95,398 104,994 — 200,860 Inventories of products — (1,634 ) 176,301 153,329 — 327,996 Inventories of materials and supplies — — 13,521 8,871 — 22,392 Prepaid expenses — 6,077 20,635 9,139 — 35,851 Other current assets — 253 8,209 29,196 — 37,658 Total current assets — 5,378 320,344 420,784 — 746,506 Property, plant, and equipment, less accumulated depreciation — 27,123 457,031 422,568 — 906,722 Goodwill — — 740,394 29,618 — 770,012 Intangible assets, less accumulated amortization — 32,493 351,155 55,550 — 439,198 Investment in consolidated subsidiaries 616,431 2,952,279 — — (3,568,710 ) — Investment in unconsolidated joint venture — 813 — 10,382 — 11,195 Debt issuance costs — — 3,511 — — 3,511 Deferred income taxes — 213 — 6,694 — 6,907 Other long-term assets — 77,963 1,876,402 1,006,230 (2,938,001 ) 22,594 Total assets $ 616,431 $ 3,096,262 $ 3,748,837 $ 1,951,826 $ (6,506,711 ) $ 2,906,645 LIABILITIES AND STOCKHOLDERS’ AND MEMBER’S EQUITY Current liabilities: Current portion of long-term debt $ — $ 29,250 $ 990 $ 11,585 $ — $ 41,825 Accounts payable-trade — 5,318 73,501 71,262 — 150,081 Other payables and accruals — 22,266 51,488 56,644 — 130,398 Due to related party — — — 14,669 — 14,669 Total current liabilities — 56,834 125,979 154,160 — 336,973 Long-term debt, net of current portion — 1,591,637 2,051 104,012 — 1,697,700 Deferred income taxes — (104,841 ) 277,756 38,481 — 211,396 Other long-term liabilities — 937,569 1,142,952 1,027,819 (2,938,001 ) 170,339 Total liabilities — 2,481,199 1,548,738 1,324,472 (2,938,001 ) 2,416,408 Commitments and contingencies (note 10) 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 310 — — — — 310 Additional paid in capital 361,682 — — — — 361,682 Member’s equity — 616,431 2,266,840 685,439 (3,568,710 ) — Retained earnings 254,439 — — — — 254,439 Accumulated other comprehensive loss — (1,368 ) (66,741 ) (90,421 ) — (158,530 ) Kraton Corporation stockholders’ and member’s equity 616,431 615,063 2,200,099 595,018 (3,568,710 ) 457,901 Noncontrolling interest — — — 32,336 — 32,336 Total stockholders’ and member’s equity 616,431 615,063 2,200,099 627,354 (3,568,710 ) 490,237 Total liabilities and stockholders’ and member’s equity $ 616,431 $ 3,096,262 $ 3,748,837 $ 1,951,826 $ (6,506,711 ) $ 2,906,645
Consolidating Statement of Operations	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 277,964 $ 381,147 $ (148,164 ) $ 510,947 Cost of goods sold — 4,257 219,541 306,594 (148,164 ) 382,228 Gross profit (loss) — (4,257 ) 58,423 74,553 — 128,719 Operating expenses: Research and development — 4,020 2,503 3,802 — 10,325 Selling, general, and administrative — 18,636 11,838 12,105 — 42,579 Depreciation and amortization — 5,580 18,209 10,518 — 34,307 Other (income) expense — (26,894 ) (18,355 ) 45,249 — — Operating income (loss) — (5,599 ) 44,228 2,879 — 41,508 Loss on extinguishment of debt — (15,632 ) — — — (15,632 ) Earnings (loss) in consolidated subsidiaries (4,851 ) 16,926 — — (12,075 ) — Earnings of unconsolidated joint venture — — — 125 — 125 Interest expense, net — (2,328 ) (28,757 ) (1,932 ) — (33,017 ) Income (loss) before income taxes (4,851 ) (6,633 ) 15,471 1,072 (12,075 ) (7,016 ) Income tax benefit (expense) — 1,782 1,660 (1,277 ) — 2,165 Consolidated net income (loss) (4,851 ) (4,851 ) 17,131 (205 ) (12,075 ) (4,851 ) Net loss attributable to noncontrolling interest — — — 818 — 818 Net income (loss) attributable to Kraton $ (4,851 ) $ (4,851 ) $ 17,131 $ 613 $ (12,075 ) $ (4,033 ) CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 227,916 $ 268,179 $ (41,952 ) $ 454,143 Cost of goods sold — (2,090 ) 150,426 212,503 (41,952 ) 318,887 Gross profit — 2,090 77,490 55,676 — 135,256 Operating expenses: Research and development — 3,661 2,432 3,600 — 9,693 Selling, general, and administrative — 36,277 (3,220 ) 9,712 — 42,769 Depreciation and amortization — 5,610 19,818 6,549 — 31,977 Other (income) expense — (70,969 ) 29,124 41,845 — — Operating income (loss) — 27,511 29,336 (6,030 ) — 50,817 Earnings in consolidated subsidiaries 14,843 21,259 — — (36,102 ) — Earnings of unconsolidated joint venture — — — 94 — 94 Interest income (expense), net — (34,163 ) (60 ) 353 — (33,870 ) Income (loss) before income taxes 14,843 14,607 29,276 (5,583 ) (36,102 ) 17,041 Income tax benefit (expense) — 236 288 (2,722 ) — (2,198 ) Consolidated net income (loss) 14,843 14,843 29,564 (8,305 ) (36,102 ) 14,843 Net loss attributable to noncontrolling interest — — — 717 — 717 Net income (loss) attributable to Kraton $ 14,843 $ 14,843 $ 29,564 $ (7,588 ) $ (36,102 ) $ 15,560 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Nine Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 826,753 $ 1,094,397 $ (426,758 ) $ 1,494,392 Cost of goods sold — 173 610,728 890,908 (426,758 ) 1,075,051 Gross profit (loss) — (173 ) 216,025 203,489 — 419,341 Operating expenses: Research and development — 11,588 7,650 11,191 — 30,429 Selling, general, and administrative — 50,893 35,770 37,773 — 124,436 Depreciation and amortization — 16,721 55,199 30,120 — 102,040 Other (income) expense — (73,860 ) (66 ) 73,926 — — Operating income (loss) — (5,515 ) 117,472 50,479 — 162,436 Loss on extinguishment of debt — (35,370 ) — — — (35,370 ) Earnings in consolidated subsidiaries 22,763 77,296 — — (100,059 ) — Earnings of unconsolidated joint venture — — — 370 — 370 Interest expense, net — (16,703 ) (83,055 ) (2,008 ) — (101,766 ) Income before income taxes 22,763 19,708 34,417 48,841 (100,059 ) 25,670 Income tax benefit (expense) — 3,055 698 (6,660 ) — (2,907 ) Consolidated net income 22,763 22,763 35,115 42,181 (100,059 ) 22,763 Net loss attributable to noncontrolling interest — — — 5,178 — 5,178 Net income attributable to Kraton $ 22,763 $ 22,763 $ 35,115 $ 47,359 $ (100,059 ) $ 27,941 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Nine Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 658,995 $ 788,826 $ (119,106 ) $ 1,328,715 Cost of goods sold — (1,519 ) 462,311 626,058 (119,106 ) 967,744 Gross profit — 1,519 196,684 162,768 — 360,971 Operating expenses: Research and development — 11,259 7,864 11,260 — 30,383 Selling, general, and administrative — 77,720 23,550 34,575 — 135,845 Depreciation and amortization — 16,811 58,691 18,411 — 93,913 Other (income) expense — (119,947 ) 53,682 66,265 — — Operating income — 15,676 52,897 32,257 — 100,830 Disposition and exit of business activities — — 36,821 3,180 — 40,001 Loss on extinguishment of debt — (13,423 ) — — — (13,423 ) Earnings in consolidated subsidiaries 109,256 121,262 — — (230,518 ) — Earnings of unconsolidated joint venture — — — 274 — 274 Interest income (expense), net — (101,521 ) (952 ) 1,023 — (101,450 ) Income before income taxes 109,256 21,994 88,766 36,734 (230,518 ) 26,232 Income tax benefit (expense) — 87,262 (2,071 ) (2,167 ) — 83,024 Consolidated net income 109,256 109,256 86,695 34,567 (230,518 ) 109,256 Net loss attributable to noncontrolling interest — — — 1,792 — 1,792 Net income attributable to Kraton $ 109,256 $ 109,256 $ 86,695 $ 36,359 $ (230,518 ) $ 111,048
Consolidating Statement of Comprehensive Income	CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) attributable to Kraton $ (4,851 ) $ (4,851 ) $ 17,131 $ 613 $ (12,075 ) $ (4,033 ) Other comprehensive income: Foreign currency translation adjustments, net of tax — — — 18,910 — 18,910 Unrealized loss on cash flow hedges, net of tax — (239 ) — — — (239 ) Reclassification of loss on cash flow hedge — 920 — — — 920 Other comprehensive income, net of tax — 681 — 18,910 — 19,591 Comprehensive income (loss) attributable to Kraton (4,851 ) (4,170 ) 17,131 19,523 (12,075 ) 15,558 Comprehensive loss attributable to noncontrolling interest — — — (787 ) — (787 ) Consolidated comprehensive income (loss) $ (4,851 ) $ (4,170 ) $ 17,131 $ 18,736 $ (12,075 ) $ 14,771 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) attributable to Kraton $ 14,843 $ 14,843 $ 29,564 $ (7,588 ) $ (36,102 ) $ 15,560 Other comprehensive income (loss): Foreign currency translation adjustments, net of tax — — — 3,994 — 3,994 Unrealized loss on cash flow hedges, net of tax — (21 ) — (27 ) — (48 ) Other comprehensive income (loss), net of tax — (21 ) — 3,967 — 3,946 Comprehensive income (loss) attributable to Kraton 14,843 14,822 29,564 (3,621 ) (36,102 ) 19,506 Comprehensive loss attributable to noncontrolling interest — — — 339 — 339 Consolidated comprehensive income (loss) $ 14,843 $ 14,822 $ 29,564 $ (3,282 ) $ (36,102 ) $ 19,845 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME Nine Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 22,763 $ 22,763 $ 35,115 $ 47,359 $ (100,059 ) $ 27,941 Other comprehensive income: Foreign currency translation adjustments, net of tax — — — 60,691 — 60,691 Unrealized loss on cash flow hedges, net of tax — (145 ) — — — (145 ) Reclassification of loss on cash flow hedge — 879 — — — 879 Other comprehensive income, net of tax — 734 — 60,691 — 61,425 Comprehensive income attributable to Kraton 22,763 23,497 35,115 108,050 (100,059 ) 89,366 Comprehensive loss attributable to noncontrolling interest — — — (3,258 ) — (3,258 ) Consolidated comprehensive income $ 22,763 $ 23,497 $ 35,115 $ 104,792 $ (100,059 ) $ 86,108 CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Nine Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income attributable to Kraton $ 109,256 $ 109,256 $ 86,695 $ 36,359 $ (230,518 ) $ 111,048 Other comprehensive income (loss): Foreign currency translation adjustments, net of tax — — — 27,311 — 27,311 Unrealized loss on cash flow hedges, net of tax — (5,293 ) — (61 ) — (5,354 ) Other comprehensive income (loss), net of tax — (5,293 ) — 27,250 — 21,957 Comprehensive income attributable to Kraton 109,256 103,963 86,695 63,609 (230,518 ) 133,005 Comprehensive loss attributable to noncontrolling interest — — — (199 ) — (199 ) Consolidated comprehensive income $ 109,256 $ 103,963 $ 86,695 $ 63,410 $ (230,518 ) $ 132,806
Consolidating Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2017 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows provided by operating activities $ — $ 3,202 $ 83,812 $ 48,435 $ — $ 135,449 Cash flows provided by (used in) investing activities: Proceeds from intercompany loans — 44,961 — — (44,961 ) — Kraton purchase of property, plant and equipment — (2,943 ) (39,904 ) (28,748 ) — (71,595 ) KFPC purchase of property, plant and equipment — — — (11,790 ) — (11,790 ) Purchase of software and other intangibles — (3,956 ) (147 ) (856 ) — (4,959 ) Net cash provided by (used in) investing activities — 38,062 (40,051 ) (41,394 ) (44,961 ) (88,344 ) Cash flows used in financing activities: Proceeds from debt — 399,350 32,797 307,020 — 739,167 Repayments of debt — (778,000 ) (32,797 ) (26,215 ) — (837,012 ) KFPC proceeds from debt — — — 39,898 — 39,898 KFPC repayments of debt — — — (16,244 ) — (16,244 ) Capital lease payments — — (703 ) — — (703 ) Purchase of treasury stock (2,297 ) — — — — (2,297 ) Cash contributions from member — (2,297 ) — (351,324 ) 353,621 — Cash distributions to member (657 ) 354,278 — — (353,621 ) — Proceeds from the exercise of stock options 2,954 — — — — 2,954 Settlement of interest rate swap — (879 ) — — — (879 ) Settlement of foreign currency hedges — (716 ) — — — (716 ) Debt issuance costs — (11,311 ) — (2,618 ) — (13,929 ) Payments on intercompany loans — — (44,824 ) (137 ) 44,961 — Net cash used in financing activities — (39,575 ) (45,527 ) (49,620 ) 44,961 (89,761 ) Effect of exchange rate differences on cash — — — 10,025 — 10,025 Net increase (decrease) in cash and cash equivalents — 1,689 (1,766 ) (32,554 ) — (32,631 ) Cash and cash equivalents, beginning of period — 214 6,280 115,255 — 121,749 Cash and cash equivalents, end of period $ — $ 1,903 $ 4,514 $ 82,701 $ — $ 89,118 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2016 (Unaudited) (In thousands) Kraton Corporation Kraton Polymers LLC Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows provided by (used in) operating activities $ — $ (53,043 ) $ 142,718 $ 36,454 $ — $ 126,129 Cash flows provided by (used in) investing activities: Proceeds from intercompany loans — 167,868 — — (167,868 ) — Kraton purchase of property, plant, and equipment — (2,253 ) (38,082 ) (22,550 ) — (62,885 ) KFPC purchase of property, plant, and equipment — — — (16,995 ) — (16,995 ) Purchase of software and other intangibles — (3,280 ) (1,411 ) — — (4,691 ) Acquisition, net of cash acquired — (1,367,088 ) 11,590 43,393 — (1,312,105 ) Sale of assets — — 72,803 — — 72,803 Net cash provided by (used in) investing activities — (1,204,753 ) 44,900 3,848 (167,868 ) (1,323,873 ) Cash flows provided by (used in) financing activities: Proceeds from debt — 1,732,890 50,075 — — 1,782,965 Repayments of debt — (430,058 ) (50,075 ) — — (480,133 ) KFPC proceeds from debt — — — 24,368 — 24,368 Capital lease payments — — (105 ) — — (105 ) Purchase of treasury stock (967 ) — — — — (967 ) Cash contributions from member — (967 ) — — 967 — Cash distributions to member (1,658 ) 2,625 — — (967 ) — Proceeds from the exercise of stock options 2,625 — — — — 2,625 Settlement of interest rate swap — — (5,155 ) — — (5,155 ) Debt issuance costs — (53,929 ) (3,717 ) — — (57,646 ) Payments on intercompany loans — — (168,075 ) 207 167,868 — Net cash provided by (used in) financing activities — 1,250,561 (177,052 ) 24,575 167,868 1,265,952 Effect of exchange rate differences on cash — — — 5,291 — 5,291 Net increase (decrease) in cash and cash equivalents — (7,235 ) 10,566 70,168 — 73,499 Cash and cash equivalents, beginning of period — 7,256 11,595 51,198 — 70,049 Cash and cash equivalents, end of period $ — $ 21 $ 22,161 $ 121,366 $ — $ 143,548

General (Details)

General (Details)	Sep. 30, 2017
KFPC
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 Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of services	$ 4.8	$ 4.6

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation expense	$ 2.2	$ 2.1	$ 7.4	$ 7.3

Detail of Certain Balance She39

Detail of Certain Balance Sheet Accounts - Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Inventories of products:
Finished products	$ 273,948	$ 248,143
Work in progress	4,893	5,648
Raw materials	93,816	86,864
Inventories of products, gross	372,657	340,655
Inventory reserves	(9,826)	(12,659)
Total inventories of products, net	362,831	327,996
Other payables and accruals:
Employee related	36,638	33,947
Interest payable	28,179	10,135
Property, plant, and equipment accruals	15,530	26,260
Other	71,509	60,056
Total other payables and accruals	151,856	130,398
Other long-term liabilities:
Pension and other post-retirement benefits	138,597	138,188
Other	29,542	32,151
Total other long-term liabilities	168,139	170,339
Supplemental Balance Sheet Information [Line Items]
Intangible assets	601,361	584,144
Less accumulated amortization	184,614	144,946
Intangible assets, net of accumulated amortization	416,747	439,198
Contractual agreements
Supplemental Balance Sheet Information [Line Items]
Intangible assets	263,882	258,646
Less accumulated amortization	38,778	20,757
Technology
Supplemental Balance Sheet Information [Line Items]
Intangible assets	146,181	145,320
Less accumulated amortization	50,780	44,698
Customer relationships
Supplemental Balance Sheet Information [Line Items]
Intangible assets	60,480	59,977
Less accumulated amortization	32,965	31,863
Tradenames/trademarks
Supplemental Balance Sheet Information [Line Items]
Intangible assets	78,828	77,666
Less accumulated amortization	33,903	25,363
Software
Supplemental Balance Sheet Information [Line Items]
Intangible assets	51,990	42,535
Less accumulated amortization	$ 28,188	$ 22,265

Detail of Certain Balance She40

Detail of Certain Balance Sheet Accounts - Changes in Accumulated Other Comprehensive Loss (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 490,237,000	$ 392,992,000
Other comprehensive income (loss) before reclassifications			60,546,000	21,957,000
Amounts reclassified from accumulated other comprehensive income (loss)			879,000	0
Other comprehensive income, net of tax	$ 19,591,000	$ 3,946,000	61,425,000	21,957,000
Ending balance	584,368,000	534,728,000	584,368,000	534,728,000
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(158,530,000)	(138,568,000)
Ending balance	(97,105,000)	(116,611,000)	(97,105,000)	(116,611,000)
Cumulative Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(72,731,000)	(65,995,000)
Other comprehensive income (loss) before reclassifications			60,691,000	27,311,000
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Other comprehensive income, net of tax			60,691,000	27,311,000
Ending balance	(12,040,000)	(38,684,000)	(12,040,000)	(38,684,000)
Net Unrealized Gain (Loss) on Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			515,000	0
Other comprehensive income (loss) before reclassifications			(145,000)	(5,354,000)
Amounts reclassified from accumulated other comprehensive income (loss)			879,000	0
Other comprehensive income, net of tax			734,000	(5,354,000)
Ending balance	1,249,000	(5,354,000)	1,249,000	(5,354,000)
Net Unrealized Loss on Net Investment Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(1,926,000)	(1,926,000)
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Other comprehensive income, net of tax			0	0
Ending balance	(1,926,000)	(1,926,000)	(1,926,000)	(1,926,000)
Benefit Plans Liability, Net of Tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(84,388,000)	(70,647,000)
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Other comprehensive income, net of tax			0	0
Ending balance	$ (84,388,000)	$ (70,647,000)	$ (84,388,000)	$ (70,647,000)

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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net Income (Loss) Attributable to Kraton, Basic:
As reported	$ (4,033)	$ 15,560	$ 27,941	$ 111,048
Amounts allocated to unvested restricted shares	(77)	329	541	2,422
Amounts available to common stockholders	(3,956)	15,231	27,400	108,626
Net Income (Loss) Attributable to Kraton, Diluted:
Amounts allocated to unvested restricted shares	77	(329)	(541)	(2,422)
Amounts reallocated to unvested restricted shares	77	(323)	(533)	(2,390)
Amounts available to stockholders and assumed conversions	$ (3,956)	$ 15,237	$ 27,408	$ 108,658
Weighted Average Shares Outstanding, Basic:
As reported	31,223	30,874	31,151	30,809
Amounts allocated to unvested restricted shares	(598)	(653)	(603)	(672)
Amounts available to common stockholders	30,625	30,221	30,548	30,137
Weighted Average Shares Outstanding, Diluted:
Amounts allocated to unvested restricted shares	(598)	(653)	(603)	(672)
Non participating share units	0	205	175	208
Stock options added under the treasury stock method	0	357	283	212
Amounts available to stockholders and assumed conversions	30,625	30,783	31,006	30,557
Earnings (loss) per share, basic (in dollars per share)	$ (0.13)	$ 0.50	$ 0.90	$ 3.60
Earnings (loss) per share, diluted (in dollars per share)	$ (0.13)	$ 0.49	$ 0.88	$ 3.56

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) $ in Thousands, TWD in Billions	Sep. 30, 2017USD ($)	Sep. 30, 2017TWD	Aug. 31, 2017USD ($)	Mar. 31, 2017	Jan. 31, 2017	Dec. 31, 2016USD ($)
Debt Instrument [Line Items]
Total debt	$ 1,769,795					$ 1,836,896
Discount	(27,883)					(49,123)
Debt Issuance Costs	(41,285)					(48,248)
Total	1,700,627					1,739,525
Capital lease obligation	2,339					3,042
Less current portion of total debt	33,553					41,825
Long-term debt, noncurrent maturities	1,736,242					1,795,071
Long-term debt	1,667,074					1,697,700
KFPC Loan Agreement
Debt Instrument [Line Items]
Total debt	146,451	TWD 4.4				115,854
Discount	0					0
Debt Issuance Costs	(215)					(257)
Total	146,236					115,597
ABL Facility
Debt Instrument [Line Items]
Total debt	0					0
Discount	0					0
Debt Issuance Costs	0					0
Total	0					0
Term Loan | USD Tranche
Debt Instrument [Line Items]
Total debt	500,000					1,278,000
Discount	(14,173)					(34,085)
Debt Issuance Costs	(14,793)					(31,662)
Total	471,034					1,212,253
Term Loan | Euro Tranche
Debt Instrument [Line Items]
Total debt	281,005					0
Discount	0					0
Debt Issuance Costs	(3,795)		$ (3,900)			0
Total	277,210					0
Senior Notes | USD Tranche
Debt Instrument [Line Items]
Debt Issuance Costs			$ (1,300)
Senior Notes | 10.5% Senior Notes
Debt Instrument [Line Items]
Total debt	440,000					440,000
Discount	(13,710)					(15,038)
Debt Issuance Costs	(14,889)					(16,329)
Total	$ 411,401					408,633
Debt instrument interest rate	10.50%	10.50%
Senior Notes | 7.0% Senior Notes
Debt Instrument [Line Items]
Total debt	$ 400,000					0
Discount	0					0
Debt Issuance Costs	(7,593)					0
Total	$ 392,407					$ 0
Debt instrument interest rate				7.00%	7.00%

Long-Term Debt - Senior Secured

Long-Term Debt - Senior Secured Credit Facilities (Details)	Aug. 16, 2017USD ($)	Jan. 31, 2016USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017EUR (€)	Aug. 16, 2017EUR (€)	Jan. 31, 2017	Dec. 31, 2016USD ($)	Jan. 06, 2016
Debt Instrument [Line Items]
Outstanding amount					$ 1,769,795,000					$ 1,836,896,000
Repayments of debt					$ 837,012,000	$ 480,133,000
Term Loan | Secured Debt
Debt Instrument [Line Items]
Percent of premium in after closing or subsequent repricing					1.00%		1.00%
Percent of consolidated excess cash flow to be prepay					50.00%		50.00%
First-lien pledge, percent of equity interests held					100.00%		100.00%
Term Loan | Secured Debt | If Leverage Ratio under 2.5
Debt Instrument [Line Items]
Percent of consolidated excess cash flow to be prepay					25.00%		25.00%
Term Loan | Secured Debt | If Leverage Ratio under 2.5 | Maximum
Debt Instrument [Line Items]
Leverage ratio required					250.00%
Term Loan | Secured Debt | If Leverage Ratio under 2.0
Debt Instrument [Line Items]
Percent of consolidated excess cash flow to be prepay					0.00%		0.00%
Term Loan | Secured Debt | If Leverage Ratio under 2.0 | Maximum
Debt Instrument [Line Items]
Leverage ratio required					200.00%
USD Tranche | Term Loan
Debt Instrument [Line Items]
Outstanding amount					$ 500,000,000					1,278,000,000
USD Tranche | Term Loan | Secured Debt
Debt Instrument [Line Items]
Face amount		$ 1,350,000,000
Extinguishment of debt, amount	$ 366,000,000
Outstanding amount					$ 500,000,000
Repayments of debt			$ 392,000,000	$ 72,000,000
Percent of equity interests directly held in first-tier foreign subsidiaries					65.00%		65.00%
USD Tranche | Term Loan | Secured Debt | LIBOR Rate Plus
Debt Instrument [Line Items]
Variable rate floor		1.00%
Percentage added to basis	3.00%	4.00%
USD Tranche | Term Loan | Secured Debt | Base Rate
Debt Instrument [Line Items]
Variable rate floor		2.00%
Percentage added to basis	2.00%	3.00%
USD Tranche | Senior Notes | Secured Debt
Debt Instrument [Line Items]
Extinguishment of debt, amount					$ 758,000,000
Incremental Term Loans | Term Loan | Secured Debt
Debt Instrument [Line Items]
Face amount					350,000,000
Euro Tranche | Term Loan
Debt Instrument [Line Items]
Outstanding amount					281,005,000					0
Euro Tranche | Term Loan | Secured Debt
Debt Instrument [Line Items]
Face amount	$ 305,000,000							€ 260,000,000
Outstanding amount					$ 281,000,000		€ 238,000,000
Debt instrument interest rate											3.25%
First-lien pledge, percent of equity interests held					100.00%		100.00%
Euro Tranche | Term Loan | Secured Debt | EURIBOR
Debt Instrument [Line Items]
Variable rate floor	0.75%
Percentage added to basis	2.50%
7.0% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Face amount			$ 400,000,000
Outstanding amount					$ 400,000,000					$ 0
Debt instrument interest rate			7.00%						7.00%
Federal funds effective rate plus 0.5% | USD Tranche | Term Loan | Secured Debt | Federal Funds Rate
Debt Instrument [Line Items]
Percentage added to basis		0.50%
One month adjusted LIBOR rate plus 1.0% per annum | USD Tranche | Term Loan | Secured Debt | LIBOR Rate Plus
Debt Instrument [Line Items]
Percentage added to basis		1.00%

Long-Term Debt - Senior Notes (

Long-Term Debt - Senior Notes (Details) - Senior Notes - USD ($)

Apr. 15, 2022

Oct. 15, 2021

Apr. 15, 2021

Oct. 15, 2020

Apr. 15, 2020

Apr. 14, 2020

Oct. 15, 2019

Oct. 15, 2018

Oct. 14, 2018

Sep. 30, 2017

Mar. 31, 2017

Jan. 31, 2017

10.5% Senior Notes

Debt Instrument [Line Items]

Senior note face amount

$ 440,000,000

Debt instrument interest rate

10.50%

7.0% Senior Notes

Debt Instrument [Line Items]

Senior note face amount

$ 400,000,000

Debt instrument interest rate

7.00%

7.00%

Scenario, Forecast | 10.5% Senior Notes

Debt Instrument [Line Items]

Redemption price, percentage

100.00%

102.625%

105.25%

107.875%

100.00%

Percentage of principal amount redeemed

40.00%

Scenario, Forecast | 7.0% Senior Notes

Debt Instrument [Line Items]

Redemption price, percentage

100.00%

102.625%

105.25%

100.00%

Percentage of principal amount redeemed

40.00%

Up to 40% | Scenario, Forecast | 10.5% Senior Notes

Debt Instrument [Line Items]

Redemption price, percentage

110.50%

Up to 40% | Scenario, Forecast | 7.0% Senior Notes

Debt Instrument [Line Items]

Redemption price, percentage

107.00%

Long-Term Debt - ABL Facility (

Long-Term Debt - ABL Facility (Details) - ABL Facility - Revolving Credit Facility	1 Months Ended
	Jan. 31, 2016USD ($)
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 250,000,000
Minimum percent required of federal outstanding commitments	60.00%
Credit facility, additional borrowing capacity	$ 100,000,000
Unused capacity, commitment fee percentage	0.375%
Fixed charge coverage ratio	100.00%
Base Rate
Debt Instrument [Line Items]
Debt instrument interest rate	0.50%
Base Rate | Minimum
Debt Instrument [Line Items]
Debt instrument interest rate	0.50%
Base Rate | Maximum
Debt Instrument [Line Items]
Debt instrument interest rate	1.00%
LIBOR Rate Plus
Debt Instrument [Line Items]
Debt instrument interest rate	1.50%
LIBOR Rate Plus | Minimum
Debt Instrument [Line Items]
Debt instrument interest rate	1.50%
LIBOR Rate Plus | Maximum
Debt Instrument [Line Items]
Debt instrument interest rate	2.00%
With Additional Increase
Debt Instrument [Line Items]
Minimum percent required of federal outstanding commitments	60.00%

Long-Term Debt - KFPC Loan Agre

Long-Term Debt - KFPC Loan Agreement (Details)	Jul. 17, 2014USD ($)	Sep. 30, 2017USD ($)installment	Sep. 30, 2017USD ($)installment	Dec. 31, 2019USD ($)	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2017TWDinstallment	Dec. 31, 2016USD ($)	Jul. 17, 2014TWD
Debt Instrument [Line Items]
Principal		$ 1,769,795,000	$ 1,769,795,000					$ 1,836,896,000
KFPC Loan Agreement
Debt Instrument [Line Items]
Credit facility, borrowing capacity		181,200,000	181,200,000						TWD 5,500,000,000
Principal		$ 146,451,000	$ 146,451,000				TWD 4,400,000,000	$ 115,854,000
Loan agreement term (in years)			5 years
Line of credit facility, fixed interest rate	0.80%								0.80%
Percentage added to basis	1.70%
Interest rate during period		1.80%
Minimum tangible net worth required	$ 50,000,000
KFPC Loan Agreement | Kraton Polymers LLC
Debt Instrument [Line Items]
Percentage of indebtedness payable	50.00%								50.00%
KFPC Loan Agreement | Scenario, Forecast
Debt Instrument [Line Items]
Debt to equity ratio					1.2	2
Minimum tangible net worth required				$ 100,000,000
Interest coverage ratio						5
KFPC Loan Agreement | Tranche A
Debt Instrument [Line Items]
Credit facility, borrowing capacity		$ 141,300,000	$ 141,300,000						TWD 4,290,000,000
KFPC Loan Agreement | Tranche B
Debt Instrument [Line Items]
Credit facility, borrowing capacity		$ 39,900,000	$ 39,900,000						TWD 1,210,000,000
KFPC Loan Agreement | First Five Installments
Debt Instrument [Line Items]
Payment of outstanding principal amount (as a percent)	10.00%								10.00%
KFPC Loan Agreement | Final Installment
Debt Instrument [Line Items]
Payment of outstanding principal amount (as a percent)	50.00%								50.00%
Revolving Credit Facility | KFPC 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 - Debt Issuance

Long-Term Debt - Debt Issuance Cost (Details) - USD ($) $ in Thousands	Aug. 16, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Aug. 31, 2017	Mar. 31, 2017	Jan. 31, 2017	Dec. 31, 2016	Jan. 06, 2016
Debt Instrument [Line Items]
Debt issuance costs		$ 41,285		$ 41,285					$ 48,248
Loss on extinguishment of debt		15,632	$ 0	35,370	$ 13,423
Debt issuance costs		45,100		45,100
Amortization of debt issuance costs		1,900	$ 1,800	6,309	$ 5,343
Arizona Chemical
Debt Instrument [Line Items]
Debt issuance costs							$ 7,800	$ 2,000
7.0% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument interest rate							7.00%	7.00%
Debt issuance costs		7,593		7,593					0
USD Tranche | Senior Notes
Debt Instrument [Line Items]
Debt issuance costs						$ 1,300
USD Tranche | Senior Notes | Secured Debt
Debt Instrument [Line Items]
Loss on extinguishment of debt				33,700
Extinguishment of debt, amount				758,000
USD Tranche | Term Loan
Debt Instrument [Line Items]
Debt issuance costs		14,793		14,793					31,662
USD Tranche | Term Loan | Secured Debt
Debt Instrument [Line Items]
Extinguishment of debt, amount	$ 366,000
Euro Tranche | Term Loan
Debt Instrument [Line Items]
Debt issuance costs		3,795		3,795		$ 3,900			0
Euro Tranche | Term Loan | Secured Debt
Debt Instrument [Line Items]
Debt instrument interest rate										3.25%
ABL Facility
Debt Instrument [Line Items]
Debt issuance costs		0		0					$ 0
Debt issuance costs		3,800		3,800
ABL Facility | Other current assets
Debt Instrument [Line Items]
Debt issuance costs		$ 1,200		$ 1,200

Long-Term Debt - Remaining Prin

Long-Term Debt - Remaining Principal Payments on Outstanding Total Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
October 1, 2017 through September 30, 2018	$ 33,553
October 1, 2018 through September 30, 2019	32,816
October 1, 2019 through September 30, 2020	81,538
October 1, 2020 through September 30, 2021	188
October 1, 2021 through September 30, 2022	781,204
Thereafter	840,496
Total debt	$ 1,769,795	$ 1,836,896

Fair Value Measurements, Fina49

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 at Reporting Date Using - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	$ 4,370	$ 2,705
Other current assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative asset – current	587	243
Other long-term assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative asset – noncurrent	1,371	568
Retirement plan asset – noncurrent	2,412	1,894
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	2,412	1,894
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other current assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative asset – current	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other long-term assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative asset – noncurrent	0	0
Retirement plan asset – noncurrent	2,412	1,894
Significant Other Observable Inputs (Level 2)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	1,958	811
Significant Other Observable Inputs (Level 2) | Other current assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative asset – current	587	243
Significant Other Observable Inputs (Level 2) | Other long-term assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative asset – noncurrent	1,371	568
Retirement plan asset – noncurrent	0	0
Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	0	0
Significant Unobservable Inputs (Level 3) | Other current assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative asset – current	0	0
Significant Unobservable Inputs (Level 3) | Other long-term assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative asset – noncurrent	0	0
Retirement plan asset – noncurrent	$ 0	$ 0

Fair Value Measurements, Fina50

Fair Value Measurements, Financial Instruments, and Credit Risk - Carrying Values and Approximate Fair Values of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Carrying Value | Significant Other Observable Inputs (Level 2) | Capital lease obligation (significant other observable inputs – level 2)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	$ 2,339	$ 3,042
Carrying Value | Significant Other Observable Inputs (Level 2) | USD Tranche (significant other observable inputs – level 2) | Term Loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	500,000	1,278,000
Carrying Value | Significant Other Observable Inputs (Level 2) | Euro Tranche (significant other observable inputs – level 2) | Term Loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	281,005	0
Carrying Value | Quoted Prices in Active Markets for Identical Assets (Level 1) | 10.5% Senior Notes (quoted prices in active market for identical assets – level 1)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	440,000	440,000
Carrying Value | Quoted Prices in Active Markets for Identical Assets (Level 1) | 7.0% Senior Notes (quoted prices in active market for identical assets – level 1)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	400,000	0
Carrying Value | Significant Unobservable Inputs (Level 3) | KFPC Loan Agreement (significant unobservable inputs – level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	146,451	115,854
Fair Value | Significant Other Observable Inputs (Level 2) | Capital lease obligation (significant other observable inputs – level 2)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	2,339	3,042
Fair Value | Significant Other Observable Inputs (Level 2) | USD Tranche (significant other observable inputs – level 2) | Term Loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	505,940	1,293,975
Fair Value | Significant Other Observable Inputs (Level 2) | Euro Tranche (significant other observable inputs – level 2) | Term Loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	285,571	0
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1) | 10.5% Senior Notes (quoted prices in active market for identical assets – level 1)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	504,975	501,600
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1) | 7.0% Senior Notes (quoted prices in active market for identical assets – level 1)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	430,060	0
Fair Value | Significant Unobservable Inputs (Level 3) | KFPC Loan Agreement (significant unobservable inputs – level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Long-term debt	$ 146,451	$ 115,854

Fair Value Measurements, Fina51

Fair Value Measurements, Financial Instruments, and Credit Risk - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 29, 2017	Aug. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Mar. 24, 2017	Jan. 03, 2017
Derivative [Line Items]
Notional amount										$ 925,400,000
Interest Rate Swap
Derivative [Line Items]
Notional amount	$ 500,000,000		$ 500,000,000
Unrealized gain (loss) on derivatives	1,100,000		1,100,000	$ (8,000,000)
Interest Rate Swap | Short
Derivative [Line Items]
Notional amount					$ 20,000,000	$ 308,800,000	$ 57,200,000	$ 31,000,000	$ 8,400,000
Foreign Currency Hedges
Derivative [Line Items]
Aggregate gain (loss) on settlement of hedges	$ (2,200,000)	$ (100,000)	$ 900,000	$ 1,400,000

Restructuring Charges (Details)

Restructuring Charges (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Employee Severance
Restructuring Cost and Reserve [Line Items]
Recorded cost	$ 1

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Income tax expense (benefit)	$ (2,165)	$ 2,198		$ 2,907	$ (83,024)
Effective tax rate	30.90%	12.90%		11.30%	(316.50%)
Income taxes at the statutory rate	35.00%	35.00%		35.00%	35.00%
Valuation allowance for deferred tax assets	$ (44,400)			$ (44,400)		$ (44,700)
Increase (decrease) in valuation allowance					$ (56,200)
Unrecognized tax benefits	24,400			$ 24,400		$ 24,500
Arizona Chemical
Operating Loss Carryforwards [Line Items]
Increase (decrease) in valuation allowance					31,200
Netherlands
Operating Loss Carryforwards [Line Items]
Income taxes at the statutory rate				25.00%
Sweden
Operating Loss Carryforwards [Line Items]
Income taxes at the statutory rate				22.00%
Finland
Operating Loss Carryforwards [Line Items]
Income taxes at the statutory rate				20.00%
United States
Operating Loss Carryforwards [Line Items]
Increase (decrease) in uncertain tax positions	(1,500)			$ (1,500)
United States | Arizona Chemical
Operating Loss Carryforwards [Line Items]
Increase (decrease) in uncertain tax positions		$ (2,500)			6,800
United States | Current period net operating losses
Operating Loss Carryforwards [Line Items]
Increase (decrease) in valuation allowance			$ (87,000)		$ 87,400
Europe
Operating Loss Carryforwards [Line Items]
Increase (decrease) in uncertain tax positions	$ (100)			$ (100)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Tax Rate, Amount (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income taxes at the statutory rate	$ 2,455	$ (5,964)	$ (8,985)	$ (9,181)
State taxes, net of federal benefit	25	(1,114)	117	(521)
Foreign tax rate differential	(3,403)	2,436	2,263	6,018
Permanent differences	1,464	2,934	3,190	265
Uncertain tax positions	1,821	(292)	666	(928)
Valuation allowance	13	(176)	330	87,404
Return to provision adjustments	(512)	(33)	(509)	(33)
Other	302	11	21	0
Income tax benefit (expense)	$ 2,165	$ (2,198)	$ (2,907)	$ 83,024

Income Taxes - Reconciliation55

Income Taxes - Reconciliation of Effective Tax Rates (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Income taxes at the statutory rate	(35.00%)	(35.00%)	(35.00%)	(35.00%)
State taxes, net of federal benefit	(0.40%)	(6.50%)	0.50%	(2.00%)
Foreign tax rate differential	48.50%	14.30%	8.80%	22.90%
Permanent differences	(20.90%)	17.20%	12.40%	1.00%
Uncertain tax positions	(26.00%)	(1.70%)	2.60%	(3.50%)
Valuation allowance	(0.20%)	(1.00%)	1.30%	333.20%
Return to provision adjustments	7.30%	(0.20%)	(2.00%)	(0.10%)
Other	(4.20%)	(0.00%)	0.10%	(0.00%)
Effective tax rate	(30.90%)	(12.90%)	(11.30%)	316.50%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Thousands, BRL in Millions	Sep. 30, 2017USD ($)	Sep. 30, 2017BRL	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Oct. 06, 2014USD ($)
Loss Contingencies [Line Items]
Tax credits generated from purchase of certain goods	$ 2,200	BRL 7
Asset retirement obligation	6,962		$ 8,863	$ 10,793	$ 10,078
Chemical
Loss Contingencies [Line Items]
Asset retirement obligation	3,300			$ 3,100
Shell Chemicals
Loss Contingencies [Line Items]
Receivables	$ 1,400		$ 3,800
Styrenic Block Copolymer | Selling, General and Administrative Expenses | LCY Chemical Corp.
Loss Contingencies [Line Items]
Termination fee						$ 25,000

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, 2017	Sep. 30, 2016
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Beginning balance	$ 8,863	$ 10,078
Obligations assumed in Arizona Chemical Acquisition	0	1,908
Additional accruals	439	2,146
Accretion expense	241	303
Obligations settled	(3,065)	(3,780)
Foreign currency translation, net	484	138
Ending Balance	$ 6,962	$ 10,793

Employee Benefits - Components

Employee Benefits - Components of Net Periodic Benefit Cost Related to U.S Pension Benefits (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
U.S Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 799	$ 771	$ 2,399	$ 2,518
Interest cost	1,832	1,828	5,494	5,514
Expected return on plan assets	(2,351)	(2,344)	(7,052)	(7,011)
Amortization of prior service cost	905	648	2,715	2,048
Net periodic benefit cost	1,185	903	3,556	3,069
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	695	566	1,998	1,642
Interest cost	718	632	2,093	2,264
Expected return on plan assets	(811)	(698)	(2,371)	(2,593)
Amortization of prior service cost	55	5	160	17
Net periodic benefit cost	$ 657	$ 505	$ 1,880	$ 1,330

Employee Benefits - Additional

Employee Benefits - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Retirement Benefits [Abstract]
Employer contributions	$ 10.1	$ 4.5

Employee Benefits - Component60

Employee Benefits - Components of Net Periodic Cost Related to Other Post-Retirement Benefits (Details) - Other Postretirement Benefits Plan - U.S Plans - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 130	$ 135	$ 420	$ 405
Interest cost	348	350	1,028	1,050
Amortization of prior service cost	150	153	450	458
Net periodic benefit cost	$ 628	$ 638	$ 1,898	$ 1,913

Industry Segments and Foreign61

Industry Segments and Foreign Operations - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)segment	Sep. 30, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	2
Capital expenditures	$ 71,595	$ 62,885
Polymer
Segment Reporting Information [Line Items]
Capital expenditures	37,400	35,400
Chemical
Segment Reporting Information [Line Items]
Capital expenditures	$ 34,200	$ 27,500

Industry Segments and Foreign62

Industry Segments and Foreign Operations - Sales Revenue by Product Groups (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Revenue	$ 510,947	$ 454,143	$ 1,494,392	$ 1,328,715
Cost of goods sold	382,228	318,887	1,075,051	967,744
Gross profit	128,719	135,256	419,341	360,971
Operating expenses:
Research and development	10,325	9,693	30,429	30,383
Selling, general, and administrative	42,579	42,769	124,436	135,845
Depreciation and amortization	34,307	31,977	102,040	93,913
Operating income	41,508	50,817	162,436	100,830
Disposition and exit of business activities	0	0	0	40,001
Loss on extinguishment of debt	(15,632)	0	(35,370)	(13,423)
Earnings of unconsolidated joint venture	125	94	370	274
Interest expense, net	(33,017)	(33,870)	(101,766)	(101,450)
Income (loss) before income taxes	(7,016)	17,041	25,670	26,232
Polymer
Segment Reporting Information [Line Items]
Revenue	314,159	272,970	920,225	786,132
Cost of goods sold	247,426	195,962	679,133	576,358
Gross profit	66,733	77,008	241,092	209,774
Operating expenses:
Research and development	7,347	6,920	21,690	22,008
Selling, general, and administrative	24,242	26,383	73,391	82,631
Depreciation and amortization	17,342	14,977	50,439	45,199
Operating income	17,802	28,728	95,572	59,936
Chemical
Segment Reporting Information [Line Items]
Revenue	196,788	181,173	574,167	542,583
Cost of goods sold	134,802	122,925	395,918	391,386
Gross profit	61,986	58,248	178,249	151,197
Operating expenses:
Research and development	2,978	2,773	8,739	8,375
Selling, general, and administrative	18,337	16,386	51,045	53,214
Depreciation and amortization	16,965	17,000	51,601	48,714
Operating income	$ 23,706	$ 22,089	66,864	$ 40,894
Aggregate amortization expense			$ 24,700

Industry Segments and Foreign63

Industry Segments and Foreign Operations - Long-lived Assets Including Goodwill and Total Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Property, plant, and equipment, net	$ 942,834	$ 906,722
Investment in unconsolidated joint venture	12,098	11,195
Goodwill	773,635	770,012
Total assets	2,992,606	2,906,645
Polymer
Segment Reporting Information [Line Items]
Property, plant, and equipment, net	559,170	548,994
Investment in unconsolidated joint venture	12,098	11,195
Goodwill	0	0
Total assets	1,168,577	1,127,273
Chemical
Segment Reporting Information [Line Items]
Property, plant, and equipment, net	383,664	357,728
Investment in unconsolidated joint venture	0	0
Goodwill	773,635	770,012
Total assets	$ 1,824,029	$ 1,779,372

Industry Segments and Foreign64

Industry Segments and Foreign Operations - Sales Revenue by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	$ 510,947	$ 454,143	$ 1,494,392	$ 1,328,715
Reportable Geographic Regions | United States
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	184,374	177,170	536,122	508,522
Reportable Geographic Regions | Germany
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	53,535	43,782	155,640	132,068
Reportable Geographic Regions | All other countries
Segment Reporting Revenue Reconciling Item [Line Items]
Revenue	$ 273,038	$ 233,191	$ 802,630	$ 688,125

Industry Segments and Foreign65

Industry Segments and Foreign Operations - Long-Lived Assets by Geographic Region (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	$ 1,448,494	$ 1,318,140
Reportable Geographic Regions | United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	834,203	789,067
Reportable Geographic Regions | Taiwan
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	178,452	167,907
Reportable Geographic Regions | France
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	131,346	117,965
Reportable Geographic Regions | Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	84,373	73,017
Reportable Geographic Regions | Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	70,946	60,568
Reportable Geographic Regions | All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, at cost	$ 149,174	$ 109,616

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Jacobs Engineering
Related Party Transaction [Line Items]
Purchases from related party	$ 2.5	$ 3.4	$ 8.6	$ 8.5
Outstanding payables	0.2		$ 0.2
Variable Interest Entity, Primary Beneficiary | KFPC
Related Party Transaction [Line Items]
Variable interest entity, ownership percentage			50.00%
Purchases from related party	4.8		$ 8.9
Outstanding payables	$ 2.1		$ 2.1
Styrenic Block Copolymer Joint Venture
Related Party Transaction [Line Items]
Percentage of equity investment	50.00%		50.00%
Related party liability	$ 8.4	$ 8.3	$ 28.9	$ 22.2

Variable Interest Entity - Addi

Variable Interest Entity - Additional Information (Details)	9 Months Ended
	Sep. 30, 2017kt
KFPC | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Variable interest entity, ownership percentage	50.00%
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, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Cash and cash equivalents	$ 89,118	$ 121,749	$ 143,548	$ 70,049
Other current assets	45,993	37,658
Property, plant, and equipment, net	942,834	906,722
Intangible assets	416,747	439,198
Other long-term assets	23,334	22,594
Total assets	2,992,606	2,906,645
Current portion of long-term debt	33,553	41,825
Current liabilities	357,880	336,973
Long-term debt	1,667,074	1,697,700
Total liabilities	2,408,238	2,416,408
KFPC
Noncontrolling Interest [Line Items]
Cash and cash equivalents	9,811	14,150
Other current assets	21,899	13,385
Property, plant, and equipment, net	171,796	167,579
Intangible assets	9,529	9,403
Other long-term assets	10,954	2,495
Total assets	223,989	207,012
Current portion of long-term debt	32,545	11,585
Current liabilities	19,597	26,743
Long-term debt	113,691	104,012
Total liabilities	$ 165,833	$ 142,340

Supplemental Guarantor Inform69

Supplemental Guarantor Information - Additional Information (Details) - Senior Notes	Sep. 30, 2017	Mar. 31, 2017	Jan. 31, 2017
10.5% Senior Notes
Debt Instrument [Line Items]
Debt instrument interest rate	10.50%
7.0% Senior Notes
Debt Instrument [Line Items]
Debt instrument interest rate		7.00%	7.00%

Supplemental Guarantor Inform70

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 89,118	$ 121,749	$ 143,548	$ 70,049
Receivables, net of allowances	253,437	200,860
Inventories of products, net	362,831	327,996
Inventories of materials and supplies, net	24,832	22,392
Prepaid expenses	36,348	35,851
Other current assets	45,993	37,658
Total current assets	812,559	746,506
Property, plant, and equipment, less accumulated depreciation	942,834	906,722
Goodwill	773,635	770,012
Intangible assets, less accumulated amortization	416,747	439,198
Investment in consolidated subsidiaries	0	0
Investment in unconsolidated joint venture	12,098	11,195
Debt issuance costs	2,633	3,511
Deferred income taxes	8,766	6,907
Other long-term assets	23,334	22,594
Total assets	2,992,606	2,906,645
Current liabilities:
Current portion of long-term debt	33,553	41,825
Accounts payable-trade	156,426	150,081
Other payables and accruals	151,856	130,398
Due to related party	16,045	14,669
Total current liabilities	357,880	336,973
Long-term debt, net of current portion	1,667,074	1,697,700
Deferred income taxes	215,145	211,396
Other long-term liabilities	168,139	170,339
Total liabilities	2,408,238	2,416,408
Commitments and contingencies (note 10)
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	313	310
Additional paid in capital	369,702	361,682
Member's equity	0	0
Retained earnings	282,380	254,439
Accumulated other comprehensive loss	(97,105)	(158,530)
Total Kraton stockholders' equity	555,290	457,901
Noncontrolling interest	29,078	32,336
Total equity	584,368	490,237	534,728	392,992
Total liabilities and equity	2,992,606	2,906,645
Eliminations
Current assets:
Cash and cash equivalents	0	0	0	0
Receivables, net of allowances	0	0
Inventories of products, net	0	0
Inventories of materials and supplies, net	0	0
Prepaid expenses	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant, and equipment, less accumulated depreciation	0	0
Goodwill	0	0
Intangible assets, less accumulated amortization	0	0
Investment in consolidated subsidiaries	(1,547,147)	(3,568,710)
Investment in unconsolidated joint venture	0	0
Debt issuance costs	0	0
Deferred income taxes	0	0
Other long-term assets	(1,965,645)	(2,938,001)
Total assets	(3,512,792)	(6,506,711)
Current liabilities:
Current portion of long-term debt	0	0
Accounts payable-trade	0	0
Other payables and accruals	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	(1,965,645)	(2,938,001)
Total liabilities	(1,965,645)	(2,938,001)
Commitments and contingencies (note 10)
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	(1,547,147)	(3,568,710)
Retained earnings	0	0
Accumulated other comprehensive loss	0	0
Total Kraton stockholders' equity	(1,547,147)	(3,568,710)
Noncontrolling interest	0	0
Total equity	(1,547,147)	(3,568,710)
Total liabilities and equity	(3,512,792)	(6,506,711)
Kraton Corporation | Reportable Legal Entities
Current assets:
Cash and cash equivalents	0	0	0	0
Receivables, net of allowances	0	0
Inventories of products, net	0	0
Inventories of materials and supplies, net	0	0
Prepaid expenses	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant, and equipment, less accumulated depreciation	0	0
Goodwill	0	0
Intangible assets, less accumulated amortization	0	0
Investment in consolidated subsidiaries	652,395	616,431
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	652,395	616,431
Current liabilities:
Current portion of long-term debt	0	0
Accounts payable-trade	0	0
Other payables and accruals	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 10)
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	313	310
Additional paid in capital	369,702	361,682
Member's equity	0	0
Retained earnings	282,380	254,439
Accumulated other comprehensive loss	0	0
Total Kraton stockholders' equity	652,395	616,431
Noncontrolling interest	0	0
Total equity	652,395	616,431
Total liabilities and equity	652,395	616,431
Kraton Polymers LLC | Reportable Legal Entities
Current assets:
Cash and cash equivalents	1,903	214	21	7,256
Receivables, net of allowances	1,084	468
Inventories of products, net	89	(1,634)
Inventories of materials and supplies, net	0	0
Prepaid expenses	4,993	6,077
Other current assets	1,281	253
Total current assets	9,350	5,378
Property, plant, and equipment, less accumulated depreciation	20,955	27,123
Goodwill	0	0
Intangible assets, less accumulated amortization	28,909	32,493
Investment in consolidated subsidiaries	894,752	2,952,279
Investment in unconsolidated joint venture	813	813
Debt issuance costs	0	0
Deferred income taxes	213	213
Other long-term assets	910,871	77,963
Total assets	1,865,863	3,096,262
Current liabilities:
Current portion of long-term debt	0	29,250
Accounts payable-trade	1,823	5,318
Other payables and accruals	43,832	22,266
Due to related party	0	0
Total current liabilities	45,655	56,834
Long-term debt, net of current portion	1,274,842	1,591,637
Deferred income taxes	(106,969)	(104,841)
Other long-term liabilities	258	937,569
Total liabilities	1,213,786	2,481,199
Commitments and contingencies (note 10)
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	652,395	616,431
Retained earnings	0	0
Accumulated other comprehensive loss	(318)	(1,368)
Total Kraton stockholders' equity	652,077	615,063
Noncontrolling interest	0	0
Total equity	652,077	615,063
Total liabilities and equity	1,865,863	3,096,262
Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents	4,514	6,280	22,161	11,595
Receivables, net of allowances	106,007	95,398
Inventories of products, net	188,728	176,301
Inventories of materials and supplies, net	13,890	13,521
Prepaid expenses	20,556	20,635
Other current assets	5,879	8,209
Total current assets	339,574	320,344
Property, plant, and equipment, less accumulated depreciation	461,777	457,031
Goodwill	740,390	740,394
Intangible assets, less accumulated amortization	327,531	351,155
Investment in consolidated subsidiaries	0	0
Investment in unconsolidated joint venture	0	0
Debt issuance costs	2,633	3,511
Deferred income taxes	0	0
Other long-term assets	238,716	1,876,402
Total assets	2,110,621	3,748,837
Current liabilities:
Current portion of long-term debt	1,009	990
Accounts payable-trade	72,878	73,501
Other payables and accruals	43,285	51,488
Due to related party	0	0
Total current liabilities	117,172	125,979
Long-term debt, net of current portion	1,330	2,051
Deferred income taxes	277,893	277,756
Other long-term liabilities	1,261,509	1,142,952
Total liabilities	1,657,904	1,548,738
Commitments and contingencies (note 10)
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	519,466	2,266,840
Retained earnings	0	0
Accumulated other comprehensive loss	(66,749)	(66,741)
Total Kraton stockholders' equity	452,717	2,200,099
Noncontrolling interest	0	0
Total equity	452,717	2,200,099
Total liabilities and equity	2,110,621	3,748,837
Non-Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents	82,701	115,255	$ 121,366	$ 51,198
Receivables, net of allowances	146,346	104,994
Inventories of products, net	174,014	153,329
Inventories of materials and supplies, net	10,942	8,871
Prepaid expenses	10,799	9,139
Other current assets	38,833	29,196
Total current assets	463,635	420,784
Property, plant, and equipment, less accumulated depreciation	460,102	422,568
Goodwill	33,245	29,618
Intangible assets, less accumulated amortization	60,307	55,550
Investment in consolidated subsidiaries	0	0
Investment in unconsolidated joint venture	11,285	10,382
Debt issuance costs	0	0
Deferred income taxes	8,553	6,694
Other long-term assets	839,392	1,006,230
Total assets	1,876,519	1,951,826
Current liabilities:
Current portion of long-term debt	32,544	11,585
Accounts payable-trade	81,725	71,262
Other payables and accruals	64,739	56,644
Due to related party	16,045	14,669
Total current liabilities	195,053	154,160
Long-term debt, net of current portion	390,902	104,012
Deferred income taxes	44,221	38,481
Other long-term liabilities	872,017	1,027,819
Total liabilities	1,502,193	1,324,472
Commitments and contingencies (note 10)
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	375,286	685,439
Retained earnings	0	0
Accumulated other comprehensive loss	(30,038)	(90,421)
Total Kraton stockholders' equity	345,248	595,018
Noncontrolling interest	29,078	32,336
Total equity	374,326	627,354
Total liabilities and equity	$ 1,876,519	$ 1,951,826

Supplemental Guarantor Inform71

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Additional Information) (Details) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000

Supplemental Guarantor Inform72

Supplemental Guarantor Information - Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Condensed Income Statements, Captions [Line Items]
Revenue	$ 510,947	$ 454,143	$ 1,494,392	$ 1,328,715
Cost of goods sold	382,228	318,887	1,075,051	967,744
Gross profit	128,719	135,256	419,341	360,971
Operating expenses:
Research and development	10,325	9,693	30,429	30,383
Selling, general, and administrative	42,579	42,769	124,436	135,845
Depreciation and amortization	34,307	31,977	102,040	93,913
Other (income) expense	0	0	0	0
Operating income	41,508	50,817	162,436	100,830
Disposition and exit of business activities	0	0	0	40,001
Loss on extinguishment of debt	(15,632)	0	(35,370)	(13,423)
Earnings in consolidated subsidiaries	0	0	0	0
Earnings of unconsolidated joint venture	125	94	370	274
Interest income (expense), net	(33,017)	(33,870)	(101,766)	(101,450)
Income (loss) before income taxes	(7,016)	17,041	25,670	26,232
Income tax benefit (expense)	2,165	(2,198)	(2,907)	83,024
Consolidated net income (loss)	(4,851)	14,843	22,763	109,256
Net loss attributable to noncontrolling interest	818	717	5,178	1,792
Net income (loss) attributable to Kraton	(4,033)	15,560	27,941	111,048
Eliminations
Condensed Income Statements, Captions [Line Items]
Revenue	(148,164)	(41,952)	(426,758)	(119,106)
Cost of goods sold	(148,164)	(41,952)	(426,758)	(119,106)
Gross profit	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
Other (income) expense	0	0	0	0
Operating income	0	0	0	0
Disposition and exit of business activities				0
Loss on extinguishment of debt	0		0	0
Earnings in consolidated subsidiaries	(12,075)	(36,102)	(100,059)	(230,518)
Earnings of unconsolidated joint venture	0	0	0	0
Interest income (expense), net	0	0	0	0
Income (loss) before income taxes	(12,075)	(36,102)	(100,059)	(230,518)
Income tax benefit (expense)	0	0	0	0
Consolidated net income (loss)	(12,075)	(36,102)	(100,059)	(230,518)
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Kraton	(12,075)	(36,102)	(100,059)	(230,518)
Kraton Corporation | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Cost of goods sold	0	0	0	0
Gross profit	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
Other (income) expense	0	0	0	0
Operating income	0	0	0	0
Disposition and exit of business activities				0
Loss on extinguishment of debt	0		0	0
Earnings in consolidated subsidiaries	(4,851)	14,843	22,763	109,256
Earnings of unconsolidated joint venture	0	0	0	0
Interest income (expense), net	0	0	0	0
Income (loss) before income taxes	(4,851)	14,843	22,763	109,256
Income tax benefit (expense)	0	0	0	0
Consolidated net income (loss)	(4,851)	14,843	22,763	109,256
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Kraton	(4,851)	14,843	22,763	109,256
Kraton Polymers LLC | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Cost of goods sold	4,257	(2,090)	173	(1,519)
Gross profit	(4,257)	2,090	(173)	1,519
Operating expenses:
Research and development	4,020	3,661	11,588	11,259
Selling, general, and administrative	18,636	36,277	50,893	77,720
Depreciation and amortization	5,580	5,610	16,721	16,811
Other (income) expense	(26,894)	70,969	73,860	119,947
Operating income	(5,599)	27,511	(5,515)	15,676
Disposition and exit of business activities				0
Loss on extinguishment of debt	(15,632)		(35,370)	(13,423)
Earnings in consolidated subsidiaries	16,926	21,259	77,296	121,262
Earnings of unconsolidated joint venture	0	0	0	0
Interest income (expense), net	(2,328)	(34,163)	(16,703)	(101,521)
Income (loss) before income taxes	(6,633)	14,607	19,708	21,994
Income tax benefit (expense)	1,782	236	3,055	87,262
Consolidated net income (loss)	(4,851)	14,843	22,763	109,256
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Kraton	(4,851)	14,843	22,763	109,256
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Revenue	277,964	227,916	826,753	658,995
Cost of goods sold	219,541	150,426	610,728	462,311
Gross profit	58,423	77,490	216,025	196,684
Operating expenses:
Research and development	2,503	2,432	7,650	7,864
Selling, general, and administrative	11,838	(3,220)	35,770	23,550
Depreciation and amortization	18,209	19,818	55,199	58,691
Other (income) expense	(18,355)	(29,124)	66	(53,682)
Operating income	44,228	29,336	117,472	52,897
Disposition and exit of business activities				36,821
Loss on extinguishment of debt	0		0	0
Earnings in consolidated subsidiaries	0	0	0	0
Earnings of unconsolidated joint venture	0	0	0	0
Interest income (expense), net	(28,757)	(60)	(83,055)	(952)
Income (loss) before income taxes	15,471	29,276	34,417	88,766
Income tax benefit (expense)	1,660	288	698	(2,071)
Consolidated net income (loss)	17,131	29,564	35,115	86,695
Net loss attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Kraton	17,131	29,564	35,115	86,695
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Revenue	381,147	268,179	1,094,397	788,826
Cost of goods sold	306,594	212,503	890,908	626,058
Gross profit	74,553	55,676	203,489	162,768
Operating expenses:
Research and development	3,802	3,600	11,191	11,260
Selling, general, and administrative	12,105	9,712	37,773	34,575
Depreciation and amortization	10,518	6,549	30,120	18,411
Other (income) expense	45,249	(41,845)	(73,926)	(66,265)
Operating income	2,879	(6,030)	50,479	32,257
Disposition and exit of business activities				3,180
Loss on extinguishment of debt	0		0	0
Earnings in consolidated subsidiaries	0	0	0	0
Earnings of unconsolidated joint venture	125	94	370	274
Interest income (expense), net	(1,932)	353	(2,008)	1,023
Income (loss) before income taxes	1,072	(5,583)	48,841	36,734
Income tax benefit (expense)	(1,277)	(2,722)	(6,660)	(2,167)
Consolidated net income (loss)	(205)	(8,305)	42,181	34,567
Net loss attributable to noncontrolling interest	818	717	5,178	1,792
Net income (loss) attributable to Kraton	$ 613	$ (7,588)	$ 47,359	$ 36,359

Supplemental Guarantor Inform73

Supplemental Guarantor Information - Condensed Consolidating Statement of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Condensed Statement of Income Captions [Line Items]
Net income (loss) attributable to Kraton	$ (4,033)	$ 15,560	$ 27,941	$ 111,048
Other comprehensive income:
Foreign currency translation adjustments, net of tax	18,910	3,994	60,691	27,311
Unrealized gain (loss) on cash flow hedges, net of tax	(239)	(48)	(145)	(5,354)
Reclassification of loss on cash flow hedge	920	0	879	0
Other comprehensive income, net of tax	19,591	3,946	61,425	21,957
Comprehensive income attributable to Kraton	15,558	19,506	89,366	133,005
Comprehensive income (loss) attributable to noncontrolling interest	(787)	339	(3,258)	(199)
Consolidated comprehensive income (loss)	14,771	19,845	86,108	132,806
Eliminations
Condensed Statement of Income Captions [Line Items]
Net income (loss) attributable to Kraton	(12,075)	(36,102)	(100,059)	(230,518)
Other comprehensive income:
Foreign currency translation adjustments, net of tax	0	0	0	0
Unrealized gain (loss) on cash flow hedges, net of tax	0	0	0	0
Reclassification of loss on cash flow hedge	0		0
Other comprehensive income, net of tax	0	0	0	0
Comprehensive income attributable to Kraton	(12,075)	(36,102)	(100,059)	(230,518)
Comprehensive income (loss) attributable to noncontrolling interest	0	0	0	0
Consolidated comprehensive income (loss)	(12,075)	(36,102)	(100,059)	(230,518)
Kraton Corporation | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Net income (loss) attributable to Kraton	(4,851)	14,843	22,763	109,256
Other comprehensive income:
Foreign currency translation adjustments, net of tax	0	0	0	0
Unrealized gain (loss) on cash flow hedges, net of tax	0	0	0	0
Reclassification of loss on cash flow hedge	0		0
Other comprehensive income, net of tax	0	0	0	0
Comprehensive income attributable to Kraton	(4,851)	14,843	22,763	109,256
Comprehensive income (loss) attributable to noncontrolling interest	0	0	0	0
Consolidated comprehensive income (loss)	(4,851)	14,843	22,763	109,256
Kraton Polymers LLC | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Net income (loss) attributable to Kraton	(4,851)	14,843	22,763	109,256
Other comprehensive income:
Foreign currency translation adjustments, net of tax	0	0	0	0
Unrealized gain (loss) on cash flow hedges, net of tax	(239)	(21)	(145)	(5,293)
Reclassification of loss on cash flow hedge	920		879
Other comprehensive income, net of tax	681	(21)	734	(5,293)
Comprehensive income attributable to Kraton	(4,170)	14,822	23,497	103,963
Comprehensive income (loss) attributable to noncontrolling interest	0	0	0	0
Consolidated comprehensive income (loss)	(4,170)	14,822	23,497	103,963
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Net income (loss) attributable to Kraton	17,131	29,564	35,115	86,695
Other comprehensive income:
Foreign currency translation adjustments, net of tax	0	0	0	0
Unrealized gain (loss) on cash flow hedges, net of tax	0	0	0	0
Reclassification of loss on cash flow hedge	0		0
Other comprehensive income, net of tax	0	0	0	0
Comprehensive income attributable to Kraton	17,131	29,564	35,115	86,695
Comprehensive income (loss) attributable to noncontrolling interest	0	0	0	0
Consolidated comprehensive income (loss)	17,131	29,564	35,115	86,695
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Net income (loss) attributable to Kraton	613	(7,588)	47,359	36,359
Other comprehensive income:
Foreign currency translation adjustments, net of tax	18,910	3,994	60,691	27,311
Unrealized gain (loss) on cash flow hedges, net of tax	0	(27)	0	(61)
Reclassification of loss on cash flow hedge	0		0
Other comprehensive income, net of tax	18,910	3,967	60,691	27,250
Comprehensive income attributable to Kraton	19,523	(3,621)	108,050	63,609
Comprehensive income (loss) attributable to noncontrolling interest	(787)	339	(3,258)	(199)
Consolidated comprehensive income (loss)	$ 18,736	$ (3,282)	$ 104,792	$ 63,410

Supplemental Guarantor Inform74

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by operating activities	$ 135,449	$ 126,129
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	0	0
Kraton purchase of property, plant, and equipment	(71,595)	(62,885)
KFPC purchase of property, plant, and equipment	(11,790)	(16,995)
Purchase of software and other intangibles	(4,959)	(4,691)
Acquisition, net of cash acquired	0	(1,312,105)
Sale of assets	0	72,803
Net cash used in investing activities	(88,344)	(1,323,873)
Cash flows provided by (used in) financing activities:
Proceeds from debt	739,167	1,782,965
Repayments of debt	(837,012)	(480,133)
KFPC proceeds from debt	39,898	24,368
KFPC repayments of debt	(16,244)	0
Capital lease payments	(703)	(105)
Purchase of treasury stock	(2,297)	(967)
Cash contributions from member	0	0
Cash distributions to member	0	0
Proceeds from the exercise of stock options	2,954	2,625
Settlement of interest rate swap	(879)	(5,155)
Settlement of foreign currency hedges	(716)	0
Debt issuance costs	(13,929)	(57,646)
Payments on intercompany loans	0	0
Net cash provided by (used in) financing activities	(89,761)	1,265,952
Effect of exchange rate differences on cash	10,025	5,291
Net increase (decrease) in cash and cash equivalents	(32,631)	73,499
Cash and cash equivalents, beginning of period	121,749	70,049
Cash and cash equivalents, end of period	89,118	143,548
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by operating activities	0	0
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	(44,961)	(167,868)
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
Acquisition, net of cash acquired		0
Sale of assets		0
Net cash used in investing activities	(44,961)	(167,868)
Cash flows provided by (used in) financing activities:
Proceeds from debt	0	0
Repayments of debt	0	0
KFPC proceeds from debt	0	0
KFPC repayments of debt	0
Capital lease payments	0	0
Purchase of treasury stock	0	0
Cash contributions from member	353,621	967
Cash distributions to member	(353,621)	(967)
Proceeds from the exercise of stock options	0	0
Settlement of interest rate swap	0	0
Settlement of foreign currency hedges	0
Debt issuance costs	0	0
Payments on intercompany loans	44,961	167,868
Net cash provided by (used in) financing activities	44,961	167,868
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 Corporation | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by operating 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
Acquisition, net of cash acquired		0
Sale of assets		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	0
KFPC repayments of debt	0
Capital lease payments	0	0
Purchase of treasury stock	(2,297)	(967)
Cash contributions from member	0	0
Cash distributions to member	(657)	(1,658)
Proceeds from the exercise of stock options	2,954	2,625
Settlement of interest rate swap	0	0
Settlement of foreign currency hedges	0
Debt issuance costs	0	0
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 | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by operating activities	3,202	(53,043)
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	44,961	167,868
Kraton purchase of property, plant, and equipment	(2,943)	(2,253)
KFPC purchase of property, plant, and equipment	0	0
Purchase of software and other intangibles	(3,956)	(3,280)
Acquisition, net of cash acquired		(1,367,088)
Sale of assets		0
Net cash used in investing activities	38,062	(1,204,753)
Cash flows provided by (used in) financing activities:
Proceeds from debt	399,350	1,732,890
Repayments of debt	(778,000)	(430,058)
KFPC proceeds from debt	0	0
KFPC repayments of debt	0
Capital lease payments	0	0
Purchase of treasury stock	0	0
Cash contributions from member	(2,297)	(967)
Cash distributions to member	354,278	2,625
Proceeds from the exercise of stock options	0	0
Settlement of interest rate swap	(879)	0
Settlement of foreign currency hedges	(716)
Debt issuance costs	(11,311)	(53,929)
Payments on intercompany loans	0	0
Net cash provided by (used in) financing activities	(39,575)	1,250,561
Effect of exchange rate differences on cash	0	0
Net increase (decrease) in cash and cash equivalents	1,689	(7,235)
Cash and cash equivalents, beginning of period	214	7,256
Cash and cash equivalents, end of period	1,903	21
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by operating activities	83,812	142,718
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	0	0
Kraton purchase of property, plant, and equipment	(39,904)	(38,082)
KFPC purchase of property, plant, and equipment	0	0
Purchase of software and other intangibles	(147)	(1,411)
Acquisition, net of cash acquired		11,590
Sale of assets		72,803
Net cash used in investing activities	(40,051)	44,900
Cash flows provided by (used in) financing activities:
Proceeds from debt	32,797	50,075
Repayments of debt	(32,797)	(50,075)
KFPC proceeds from debt	0	0
KFPC repayments of debt	0
Capital lease payments	(703)	(105)
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
Settlement of interest rate swap	0	(5,155)
Settlement of foreign currency hedges	0
Debt issuance costs	0	(3,717)
Payments on intercompany loans	(44,824)	(168,075)
Net cash provided by (used in) financing activities	(45,527)	(177,052)
Effect of exchange rate differences on cash	0	0
Net increase (decrease) in cash and cash equivalents	(1,766)	10,566
Cash and cash equivalents, beginning of period	6,280	11,595
Cash and cash equivalents, end of period	4,514	22,161
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows provided by operating activities	48,435	36,454
Cash flows provided by (used in) investing activities:
Proceeds from intercompany loans	0	0
Kraton purchase of property, plant, and equipment	(28,748)	(22,550)
KFPC purchase of property, plant, and equipment	(11,790)	(16,995)
Purchase of software and other intangibles	(856)	0
Acquisition, net of cash acquired		43,393
Sale of assets		0
Net cash used in investing activities	(41,394)	3,848
Cash flows provided by (used in) financing activities:
Proceeds from debt	307,020	0
Repayments of debt	(26,215)	0
KFPC proceeds from debt	39,898	24,368
KFPC repayments of debt	(16,244)
Capital lease payments	0	0
Purchase of treasury stock	0	0
Cash contributions from member	(351,324)	0
Cash distributions to member	0	0
Proceeds from the exercise of stock options	0	0
Settlement of interest rate swap	0	0
Settlement of foreign currency hedges	0
Debt issuance costs	(2,618)	0
Payments on intercompany loans	(137)	207
Net cash provided by (used in) financing activities	(49,620)	24,575
Effect of exchange rate differences on cash	10,025	5,291
Net increase (decrease) in cash and cash equivalents	(32,554)	70,168
Cash and cash equivalents, beginning of period	115,255	51,198
Cash and cash equivalents, end of period	$ 82,701	$ 121,366