AgroFresh Solutions (AGFS) 10-Q 15 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 02, 2018
Document and Entity Information
Entity Registrant Name	AgroFresh Solutions, Inc.
Entity Central Index Key	1,592,016
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		50,486,962
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 41,776	$ 64,533
Accounts receivable, net of allowance for doubtful accounts of $1,575 and $1,550, respectively	39,916	71,509
Inventories	27,278	24,109
Other current assets	25,017	18,684
Total current assets	133,987	178,835
Property and equipment, net	13,645	12,200
Goodwill	5,680	9,402
Intangible assets, net	736,940	757,882
Deferred income tax assets	7,605	8,198
Other assets	17,289	16,746
TOTAL ASSETS	915,146	983,263
Current Liabilities:
Accounts payable	7,769	15,014
Current portion of long-term debt	6,995	7,926
Income taxes payable	4,715	5,931
Accrued expenses and other current liabilities	50,046	65,809
Total current liabilities	69,525	94,680
Long-term debt	401,469	402,868
Other noncurrent liabilities	37,644	38,505
Deferred income tax liabilities	30,031	31,130
Total liabilities	538,669	567,183
Commitments and contingencies (see Note 17)
Stockholders’ equity:
Common stock, par value $0.0001; 400,000,000 shares authorized, 51,148,343 and 51,002,234 shares issued and 50,486,962 and 50,340,853 shares outstanding at June 30, 2018 and December 31, 2017, respectively	5	5
Preferred stock; par value $0.0001, 1 share authorized and outstanding at June 30, 2018 and December 31, 2017	0	0
Treasury stock; par value $0.0001, 661,381 shares at June 30, 2018 and December 31, 2017	(3,885)	(3,885)
Additional paid-in capital	534,755	533,015
Accumulated deficit	(140,080)	(108,729)
Accumulated other comprehensive loss	(22,834)	(12,769)
Total AgroFresh stockholders’ equity	367,961	407,637
Non-controlling interest	8,516	8,443
Total stockholders' equity	376,477	416,080
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 915,146	$ 983,263

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Allowance for doubtful accounts	$ 1,627	$ 1,550
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	51,148,343	51,002,234
Common stock, shares outstanding (in shares)	50,486,962	50,340,853
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	1	1
Preferred stock, shares outstanding (in shares)	1	1
Treasury stock (in shares)	661,381	661,381
Treasury Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Net sales	$ 18,420	$ 16,389	$ 56,771	$ 49,119
Cost of sales (excluding amortization, shown separately below)	5,402	3,906	16,248	9,745
Gross profit	13,018	12,483	40,523	39,374
Research and development expenses	3,733	3,735	6,802	7,032
Selling, general, and administrative expenses	15,609	13,435	31,920	29,866
Amortization of intangibles	11,402	10,445	22,341	20,890
Change in fair value of contingent consideration	98	(1,211)	236	(996)
Operating loss	(17,824)	(13,921)	(20,776)	(17,418)
Other income	538	215	608	255
Gain on foreign currency exchange	3,272	7,968	5,203	11,071
Interest expense, net	(8,763)	(8,564)	(17,118)	(18,857)
Loss before income taxes	(22,777)	(14,302)	(32,083)	(24,949)
Benefit for income taxes	(4,375)	(16,909)	(805)	(15,527)
Net (loss) income including non-controlling interests	(18,402)	2,607	(31,278)	(9,422)
Less: Net (loss) income attributable to non-controlling interests	(18)	0	73	0
Net (loss) income attributable to AgroFresh Solutions, Inc	$ (18,384)	$ 2,607	$ (31,351)	$ (9,422)
Net (loss) income per share:
Basic (in dollars per share)	$ (0.37)	$ 0.05	$ (0.63)	$ (0.19)
Diluted (in dollars per share)	$ (0.37)	$ 0.05	$ (0.63)	$ (0.19)
Weighted average shares outstanding:
Basic (in shares)	49,864,822	49,670,621	49,814,744	49,941,993
Diluted (in shares)	49,864,822	50,035,343	49,814,744	49,941,993

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (18,402)	$ 2,607	$ (31,278)	$ (9,422)
Other comprehensive income (loss):
Unrealized gain on hedging activity, net of tax of $238 and $832	843	0	2,970	0
Foreign currency translation adjustments	(16,064)	(8,415)	(13,035)	(10,285)
Comprehensive loss	$ (33,623)	$ (5,808)	$ (41,343)	$ (19,707)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Unrealized gain on hedging activity, tax	$ 238	$ 832

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-in-Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Non-Controlling Interest
Balances - beginning at Dec. 31, 2016	$ 335,145	$ 0	$ 5	$ (3,885)	$ 475,598	$ (132,200)	$ (4,373)
Balances - beginning (in shares) at Dec. 31, 2016		1	50,698,587
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	806				806
Transfer of director compensation from liability to equity					80
Issuance of restricted stock (in shares)			300,499
Settlement of Dow Liabilities, net of income tax	55,089				55,089
Comprehensive loss	(19,707)					(9,422)	(10,285)
Balances - ending at Jun. 30, 2017	371,413	$ 0	$ 5	(3,885)	531,573	(141,622)	(14,658)
Balances- ending (in shares) at Jun. 30, 2017		1	50,999,086
Balances - beginning at Dec. 31, 2017	416,080	$ 0	$ 5	(3,885)	533,015	(108,729)	(12,769)	$ 8,443
Balances - beginning (in shares) at Dec. 31, 2017		1	51,002,234
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	1,740				1,740
Issuance of stock, net of forfeitures (in shares)			146,109
Comprehensive loss	(41,343)					(31,351)	(10,065)	73
Balances - ending at Jun. 30, 2018	$ 376,477	$ 0	$ 5	$ (3,885)	$ 534,755	$ (140,080)	$ (22,834)	$ 8,516
Balances- ending (in shares) at Jun. 30, 2018		1	51,148,343

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net loss	$ (31,278)	$ (9,422)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	22,953	22,046
Provision for bad debts	182	789
Stock-based compensation	1,900	806
Pension expense	64	153
Amortization of deferred financing costs	1,214	1,166
Accretion of contingent consideration	2,043	5,515
Increase (decrease) in fair value of contingent consideration	236	(996)
Deferred income taxes	(506)	(19,726)
Loss on sales of property	0	80
Provision for inventory obsolescence	0	89
Other	114	43
Changes in operating assets and liabilities:
Accounts receivable	27,340	37,232
Inventories	(5,083)	(2,758)
Prepaid expenses and other current assets	(8,152)	198
Accounts payable	(7,300)	(19,864)
Accrued expenses and other liabilities	(8,434)	(1,987)
Income taxes payable	(1,216)	2,581
Other assets and liabilities	2,098	205
Net cash (used in) provided by operating activities	(3,825)	16,150
Cash flows from investing activities:
Cash paid for property and equipment	(2,327)	(2,835)
Proceeds from sale of property	0	9
Asset Acquisition	(1,587)	0
Other investments	0	(1,050)
Net cash used in investing activities	(3,914)	(3,876)
Cash flows from financing activities:
Payment of Dow liabilities settlement	(10,000)	(10,000)
Repayment of long term debt	(3,330)	(2,125)
Net cash used in financing activities	(13,330)	(12,125)
Effect of exchange rate changes on cash and cash equivalents	(1,688)	1,131
Net (decrease) increase in cash and cash equivalents	(22,757)	1,280
Cash and cash equivalents, beginning of period	64,533	77,312
Cash and cash equivalents, end of period	41,776	78,592
Supplemental disclosures of cash flow information:
Cash paid for interest	15,777	12,309
Cash paid for income taxes	4,245	1,291
Supplemental schedule of non-cash investing and financing activities:
Accrued purchases of property and equipment	0	254
Settlement of Dow liabilities not resulting from cash payment, net of deferred income taxes	$ 0	$ 55,089

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business AgroFresh Solutions, Inc. (the “Company”) is a global leader in delivering innovative food preservation and waste reduction solutions for fresh produce. The Company is empowering the food industry with Smarter Freshness TM , a range of integrated solutions designed to help growers, packers and retailers improve produce freshness and quality while reducing waste. The Company’s solutions range from pre-harvest with Harvista TM and LandSpring TM to its marquee SmartFresh TM Quality System, which includes SmartFresh TM , AdvanStore TM and ActiMist TM , working together to maintain the quality of stored produce. The Company has a controlling interest in Tecnidex Fruit Protection, S.A.U. (“Tecnidex”), a leading provider of post-harvest fungicides, waxes, coatings and biocides for the citrus market. Additionally, the Company’s initial retail solution, RipeLock TM , optimizes banana ripening for the benefit of retailers and consumers. The Company has key products registered in over 45 countries, supports approximately 3,700 direct customers and services over 25,000 storage rooms globally. The end markets that the Company serves are seasonal and are generally aligned with the seasonal growing patterns of the Company’s customers. For those customers growing, harvesting or storing apples, the Company’s primary market, the peak season in the southern hemisphere is the first and second quarters of each year, while the peak season in the northern hemisphere is the third and fourth quarters of each year. Within each half-year period (i.e., January through June for the southern hemisphere, and July through December for the northern hemisphere) the apple growing season has historically occurred during both quarters. A variety of factors, including weather, may affect the timing of the growing, harvesting and storing patterns of the Company’s customers and therefore shift the consumption of the Company’s services and products between the first and second quarters primarily in the southern hemisphere or between the third and fourth quarters primarily in the northern hemisphere. The Company was originally incorporated as Boulevard Acquisition Corp. (“Boulevard”), a blank check company, in Delaware on October 24, 2013, and was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. On July 31, 2015, the Company completed a Business Combination (refer to Note 3) and changed its name to AgroFresh Solutions, Inc. Prior to consummation of the Business Combination, the Company’s efforts were limited to organizational activities, its initial public offering and related financings, and the search for suitable business acquisition transactions.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission. These financial statements include all adjustments that are necessary for a fair presentation of the Company's condensed consolidated results of operations, financial condition and cash flows for the periods shown, including normal, recurring accruals and other items. The condensed consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year. Adoption of Highly Inflationary Accounting in Argentina GAAP requires the use of highly inflationary accounting for countries whose cumulative three-year inflation rate exceeds 100 percent. The Company has been closely monitoring the inflation data and currency volatility in Argentina, where there are multiple data sources for measuring and reporting inflation. In the second quarter of 2018, the Argentine peso rapidly devalued relative to the U.S. dollar, which along with increased inflation, indicated that the three-year cumulative inflation rate in that country exceeded 100 percent as of June 30, 2018. As a result, the Company has elected to adopt highly inflationary accounting as of July 1, 2018 for subsidiaries in Argentina. Under highly inflationary accounting, the functional currency of subsidiaries in Argentina became the U.S. dollar, and their income statement and balance sheet will be measured in U.S. dollars using both current and historical rates of exchange. The effect of changes in exchange rates on peso-denominated monetary assets and liabilities will be reflected in earnings. As of June 30, 2018, the Company’s subsidiaries in Argentina had a net asset position of $18.3 million . Net sales attributable to Argentina were approximately 11 and 12 percent of the Company’s consolidated net sales for the six months ended June 30, 2018 and 2017, respectively. Revenue Recognition On January 1, 2018, the Company began to account for revenue in accordance with Accounting Standards Codification ("ASC") 606, which requires revenue recognized to represent the transfer of promised goods or services to customers at an amount that reflects the consideration which is expected to be received in exchange for those goods or services. The Company utilized the modified retrospective method of adoption to all contracts that were not completed as of January 1, 2018. Prior period results were not adjusted and continue to be reported under the accounting standards in effect for the prior period. The Company has not made any significant changes to judgments in applying ASC 606 during the six months ended June 30, 2018 . Performance Obligations The Company derives revenue from the sale of products created with proprietary technology to regulate the ripening of produce and through performing post application technical services for its customers. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is the unit of account in ASC 606. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The majority of the Company’s contracts have multiple performance obligations primarily related to product application and post application services which the Company provides. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation using the best estimate of the standalone selling price of each distinct good or service in the contract. The method used to estimate standalone selling price is the expected cost plus a margin approach, under which the Company calculates the costs of satisfying a performance obligation and factors in an appropriate margin for that distinct good or service. The transaction price is primarily fixed, as prices are governed by the terms and conditions of the Company's contracts with customers, and payment is typically made under standard terms. The Company has certain transactions that provide for variable consideration through rebate and customer loyalty programs. Depending on the program, the customer may elect to receive either a credit against its account or a cash payment. The Company recognizes an accrued provision for estimated rebates and customer loyalty program payouts at the time services are provided. The primary factors considered when estimating the provision for rebates and customer loyalty programs are the average historical experience of aggregate credits issued, the historical relationship of rebates as a percentage of total gross product sales, and the contract terms and conditions of the various rebate programs in effect at the time services are performed. The Company provides standard warranty provisions. Performance obligations related to product application are typically satisfied at a point in time when the customer obtains control upon application. Performance obligations related to post-application services are satisfied over time and revenue is recognized using the output method, as control of the service transfers to the customer over time during and after storage of the produce. The Company believes that this method provides a faithful depiction of the transfer of value over the term of the performance obligation because the level of effort in providing these services is consistent during the service period. Performance obligations related to Tecnidex sales-type leases are satisfied at the point in time that equipment is installed at the customer site. Disaggregation of Revenue The Company disaggregates revenue from contracts with customers into geographic region, product and timing of transfer of goods and services. The Company determined that disaggregating revenue into these categories achieves the disclosure objective of depicting how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Revenues for the three months ended June 30, 2018 (in thousands) Region North America EMEA Latin America Asia Pacific Total Revenue Product 1-MCP based $ 691 $ 4,040 $ 4,432 $ 4,688 $ 13,851 Fungicides, waxes, coatings, biocides — 3,345 — — 3,345 Other* 284 191 90 659 1,224 $ 975 $ 7,576 $ 4,522 $ 5,347 $ 18,420 Pattern of Revenue Recognition Products transferred at a point in time $ 943 $ 7,516 $ 4,501 $ 4,688 $ 17,648 Services transferred over time 32 60 21 659 772 $ 975 $ 7,576 $ 4,522 $ 5,347 $ 18,420 Revenues for the six months ended June 30, 2018 (in thousands) Region North America EMEA Latin America Asia Pacific Total Revenue Product 1-MCP based $ 2,587 $ 9,163 $ 25,379 $ 9,081 $ 46,210 Fungicides, waxes, coatings, biocides — 8,932 — — 8,932 Other* 383 279 207 760 1,629 $ 2,970 $ 18,374 $ 25,586 $ 9,841 $ 56,771 Pattern of Revenue Recognition Products transferred at a point in time $ 2,925 $ 18,311 $ 25,560 $ 9,081 $ 55,877 Services transferred over time 45 63 26 760 894 $ 2,970 $ 18,374 $ 25,586 $ 9,841 $ 56,771 *Other includes RipeLock, AdvanStore, LandSpring, Verigo, technical services and sales-type leases related to Tecnidex Contract Assets and Liabilities ASC 606 requires an entity to present a revenue contract as a contract asset when the entity performs its obligations under the contract by transferring goods or services to a customer before the customer pays consideration or before payment is due. ASC 606 also requires an entity to present a revenue contract as a contract liability in instances when a customer pays consideration, or an entity has a right to an amount of consideration that is unconditional (e.g. receivable), before the entity transfers a good or service to the customer. The following table presents changes in the Company’s contract assets and liabilities during the six months ended June 30, 2018 : Balance at January 1, 2018 Additions Deductions Balance at June 30, 2018 (in thousands) Contract assets: Unbilled revenue $ 739 $ 44 $ (739 ) $ 44 Contract liabilities: Deferred revenue $ 100 $ 2,008 $ (903 ) $ 1,205 The Company recognizes contract assets in the form of unbilled revenue in instances where services are performed by the Company but not billed by period end. The Company recognizes contract liabilities in the form of deferred revenue in instances where a customer pays in advance for future services to be performed by the Company. The Company generally receives payments from its customers based on standard terms and conditions. No significant changes or impairment losses occurred to contract balances during the six months ended June 30, 2018 . Amounts reclassified from unbilled revenue to accounts receivable for the six months ended June 30, 2018 were $0.7 million . Amounts reclassified from deferred revenue to revenue were $0.9 million for the six months ended June 30, 2018 . Practical Expedients Elected The Company has elected the following practical expedients in applying ASC 606 across all reportable segments: Unsatisfied Performance Obligations . Because all of its performance obligations relate to contracts with a duration of less than one year, the Company has elected to apply the optional exemption provided in ASC 606 and, therefore, is not required to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. Contract Costs . All incremental customer contract acquisition costs are expensed as they are incurred as the amortization period of the asset that the Company otherwise would have recognized is one year or less in duration. Significant Financing Component. The Company does not adjust the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less. Sales Tax Exclusion from the Transaction Price. The Company excludes from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from the customer. Shipping and Handling Activities . The Company accounts for shipping and handling activities it performs after a customer obtains control of the good as activities to fulfill the promise to transfer the good. Modified Retrospective Method. The Company adopted ASC 606 on January 1, 2018 utilizing the modified retrospective method, which meant the Company did not retrospectively adjust prior periods. The Company applied the modified retrospective method only to contracts that were not completed at January 1, 2018 and accounted for the aggregate effect of any contract modifications upon adoption. No cumulative adjustment to retained earnings was recorded upon adoption. The following table summarizes the amounts by which the consolidated financial statements are affected in the current reporting period by ASC 606 as compared with the guidance that was in effect before the change. Balance at June 30, 2018 (in thousands) As reported ASC 606 Adjustments Balances without adoption of ASC 606 Consolidated Balance Sheet Liabilities Accrued expenses and other current liabilities $ 50,046 $ (993 ) $ 49,053 Equity Accumulated deficit $ (140,080 ) $ 993 $ (139,087 ) Three months ended June 30, 2018 (in thousands) As reported ASC 606 Adjustments Balances without adoption of ASC 606 Consolidated Statements of Operations Revenue Net sales $ 18,420 $ 663 $ 19,083 Net loss attributable to AgroFresh Solutions, Inc $ (18,384 ) $ 517 $ (17,867 ) Six months ended June 30, 2018 (in thousands) As reported ASC 606 Adjustments Balances without adoption of ASC 606 Consolidated Statements of Operations Revenue Net sales $ 56,771 $ 993 $ 57,764 Net loss attributable to AgroFresh Solutions, Inc (31,351 ) $ 775 $ (30,576 ) For additional information, these condensed consolidated financial statements should be read in conjunction with the consolidated and combined financial statements and notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2017 . Recently Issued Accounting Standards and Pronouncements In August 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2017-12 Targeted Improvements to Accounting for Hedging Activities. This update makes more financial and nonfinancial hedging strategies eligible for hedge accounting. It also amends the presentation and disclosure requirements and changes how companies assess effectiveness. This update will be effective for the Company for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted upon its issuance. The Company is currently assessing the impact of the future adoption of this standard on its financial statements. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation. Scope of Modification Accounting. ASU 2017-09 addresses the changes to the terms and conditions of share-based awards. ASU 2017-09 is effective for periods beginning after December 15, 2017 and interim periods therein on a modified retrospective basis. The Company adopted the new ASU as of January 1, 2018, and it did not have a material impact on the financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations. Clarifying the Definition of a Business. The new accounting guidance clarifies the definition of a business and provides additional guidance to assist entities with evaluating whether transactions should be accounted for as asset acquisitions (or asset disposals) or business combinations (or disposals of a business). Under the new guidance, an entity first determines whether substantially all of the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this criterion is met, the transaction should be accounted for as an asset acquisition as opposed to a business combination. This distinction is important because the accounting for an asset acquisition significantly differs from the accounting for a business combination. The new guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017, with early adoption permitted. During the second quarter of 2018, the Company adopted this standard in connection with the acquisition of Verigo (refer to Note 3). In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other, which simplifies the test for goodwill impairment. The guidance is effective for the Company beginning in the first quarter of fiscal year 2020. Early adoption is permitted for interim or annual goodwill impairments tests after January 1, 2017. This standard will impact future financial statements when adopted. In February 2016, the FASB issued ASU 2016-02, Leases . The main objective of this update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact ASU 2016-02 may have on its financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which has been updated through several revisions and clarifications since its original issuance. The core principle of the new standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in accordance with the transfer of control over those goods and services. The new standard also requires additional disclosures intended to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue, and the related cash flows. The standard is effective for interim and annual reporting periods beginning after December 15, 2017. The Company adopted the new standard as of January 1, 2018, using the modified retrospective approach to all contracts that were not completed as of January 1, 2018. Prior period results were not adjusted and continue to be reported under the accounting standards in effect for the prior period. See the Revenue Recognition subsection above in this Note 2 for further details on the impact to the Company’s financial statements upon adoption and practical expedients elected.

Business Combinations and Asset

Business Combinations and Asset Acquisition	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Business Combinations and Asset Acquisition	Business Combinations and Asset Acquisition Business Combination with Dow On July 31, 2015 (the "Closing Date"), the Company consummated a business combination (the “Business Combination”) pursuant to the Stock Purchase Agreement, dated April 30, 2015 (the “Purchase Agreement”), by and between the Company and The Dow Chemical Company ("Dow") providing for the acquisition by the Company of the AgroFresh Business from Dow, resulting in AgroFresh Inc. becoming a wholly-owned, indirect subsidiary of the Company. Pursuant to the Purchase Agreement, the Company paid the following consideration to Rohm and Haas Company (“R&H”), a subsidiary of Dow: (i) 17.5 million shares of common stock (the “Stock Consideration”) and (ii) $635 million in cash (the “Cash Consideration”). On April 4, 2017, the Company entered into an agreement (the “Amendment Agreement”) with Dow, R&H, Boulevard Acquisition Sponsor, LLC (the “Sponsor”), AgroFresh Inc., Avenue Capital Management II, L.P. (“Avenue”) and, solely as to certain sections of the Amendment Agreement, Joel Citron, Darren Thompson and Robert J. Campbell (collectively, the “Founding Holders”), Marc Lasry and Stephen Trevor. Pursuant to the Amendment Agreement and certain related agreements entered into on the same date (as described below), among other things, the Company and Dow agreed to modify certain obligations of the Company pursuant to (i) the Purchase Agreement, (ii) the Tax Receivables Agreement, dated July 31, 2015 (the “Tax Receivables Agreement”), among the Company, Dow, R&H and AgroFresh Inc., and (iii) the Warrant Purchase Agreement, dated July 31, 2015 (the “Warrant Purchase Agreement”), among the Company, Dow, R&H and the Sponsor. Mr. Campbell is a member of the Company's board of directors, each of Mr. Lasry and Mr. Trevor was a member of the Company’s board of directors at the time the Amendment Agreement was entered into, Dow is a significant stockholder of the Company and the Sponsor was a significant stockholder of the Company at the time the Amendment Agreement was entered into. Amendment Agreement $20.0 million , of which $10.0 million was paid on April 4, 2017 and the remaining $10.0 million was paid on January 31, 2018, in full satisfaction of the Company’s obligations with respect to (i) the working capital adjustment under the Purchase Agreement, (ii) certain transfer and value added tax reimbursement obligations under the Purchase Agreement, and (iii) the amount payable to Dow pursuant to the Tax Receivables Agreement on account of the 2015 tax year. During the six months ended June 30, 2018 these liabilities were extinguished. First Amendment to Tax Receivables Agreement The Company, Dow, R&H and AgroFresh Inc. entered into a First Amendment to the Tax Receivables Agreement (the “TRA Amendment”). The TRA Amendment reduced, from 85% to 50% , the percentage that the Company is required to pay to Dow pursuant to the Tax Receivables Agreement of the annual tax savings, if any, in U.S. federal, state and local income tax or franchise tax that the Company actually realizes as a result of the increase in tax basis of the AgroFresh assets resulting from a Section 338(h)(10) election that the Company and Dow made in connection with the Business Combination. Stock Buyback Agreement The Company and Dow entered into a letter agreement (the “Stock Buyback Agreement”), pursuant to which Dow agreed to use its reasonable best efforts to purchase up to 5,070,358 shares of the Company’s common stock in the open market (representing approximately 10% of the total number of shares of the Company’s common stock then outstanding), over a period of up to 18 months . Termination of Warrant Purchase Agreement The Company, Dow, R&H and the Sponsor entered into a letter agreement, pursuant to which the Warrant Purchase Agreement was terminated effective immediately. As a result of the Amendment Agreement, the TRA Amendment and the termination of the Warrant Purchase Agreement, the Company recorded a reduction of liabilities of $95.1 million net of deferred income taxes of $40.0 million . The net impact of $55.1 million has been recorded to additional paid-in capital as the agreements were with related parties and the transaction has been treated as a capital transaction. Acquisition of Tecnidex On November 7, 2017, the Company entered into a definitive agreement to acquire a controlling interest in Tecnidex Fruit Protection, S.A.U. ("Tecnidex"). The transaction was closed on December 1, 2017. Tecnidex, a privately-held international company, is a leading provider of post-harvest fungicides, waxes, coatings, and biocides for the citrus market, with clients in 18 countries. For over 35 years, Tecnidex has been helping fruit and vegetable producers offer clean, safe and high-quality products to their regional clients. The acquisition was accounted for as a purchase in accordance with ASC 805, Business Combination . At the effective date of the acquisition, the Company agreed to pay holders of Tecnidex estimated $25.0 million in cash for 75% of the outstanding capital stock, of which $20.0 million was paid on December 1, 2017. In the third quarter of 2018 the price is expected to be finalized and paid based on working capital, net debt and other adjustments. In accordance with the acquisition method of accounting, the Company is allocating the purchase price to the estimated fair values of the identifiable assets acquired and liabilities assumed, with any excess allocated to goodwill. The allocation of the purchase price accounting is preliminary as the Company is still in the process of valuing the assets acquired and liabilities assumed; therefore the allocation of the acquisition consideration is subject to change. The preliminary assessment of fair value of the contingent consideration payments on the acquisition date was approximately $0.7 million and was estimated by applying a probability-based income approach utilizing an appropriate discount rate. This estimation was based on significant inputs that are not observable in the market, referred to as Level 3 inputs. During the six months ended June 30, 2018 there was an adjustment made to consideration payable to holders of Tecnidex which resulted in a measurement period adjustment of $3.7 million to the purchase price allocation. Acquisition of Verigo On April 9, 2018, the Company acquired the assets of Comm-n-Sense Corp., d/b/a Verigo ("Verigo"), pursuant to the terms of an Asset Purchase Agreement, for approximately $1.8 million . Verigo, a privately-held organization, provided hardware in the form of wireless data receptors along with cloud-based software to synchronize data pulled from the hardware to support and provide tools for monitoring environmental and quality factors, such as temperature and relative humidity. The transaction was accounted for as an asset acquisition because substantially all of the fair value of the gross assets acquired was concentrated in a singular asset, the acquired software. Asset acquisitions are accounted for using a cost accumulation approach, whereby the total consideration paid is allocated to the individual assets acquired and liabilities assumed on a relative fair value basis.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company is a party to ongoing agreements with Dow, a related party, including, but not limited to, operating-related agreements for certain transition services and seconded employees. In addition, during the six months ended June 30, 2018 , the Company paid $0.6 million to Dow in order to terminate the provision of IT services provided by Dow. The Company incurred expenses for such services for the six months ended June 30, 2018 and June 30, 2017 as follows: (amounts in thousands) Six Months Ended June 30, 2018 Six Months Ended June 30, 2017 Amortization of prepayment related to set-up of transition services $ — $ 414 Ongoing costs of transition services agreement 168 1,485 Rent expense — 496 Other expenses 1,415 319 Total incurred expenses $ 1,583 $ 2,714 As of June 30, 2018 and June 30, 2017 , the Company had an outstanding payable to Dow of $1.1 million and $0.3 million , respectively. Refer to Note 3 regarding the contingent consideration owed to Dow as part of the Business Combination. In addition, during 2016, the Company made a minority investment in RipeLocker, LLC ("RipeLocker"), a company led by George Lobisser, a director of the Company. On November 29, 2016, the Company entered into a Mutual Services Agreement (the “Services Agreement”) with George Lobisser and RipeLocker. Pursuant to the Services Agreement, (i) the Company agreed to provide RipeLocker with technical support, in the form of access to the Company’s research and development personnel for a specified number of hours for purposes of providing advice and input relating to RipeLocker’s products and services, and (ii) Mr. Lobisser agreed to provide consulting services to the Company as may be reasonably requested by the Company from time to time. The Services Agreement provided for Mr. Lobisser to receive a consulting fee of $5,000 per full day for time spent performing consulting services under the Services Agreement (pro-rated for any partial day), plus reimbursement for out-of-pocket expenses, provided that for each hour of technical support provided by the Company to RipeLocker, Mr. Lobisser agreed to provide one-half hour of consulting services for no consideration. In February 2017, the Company and Mr. Lobisser agreed to substantially curtail any mutual consulting services to be provided under the Services Agreement, and that any further services would be provided at no charge. For the six months ended June 30, 2018 , there were no material amounts paid and as of June 30, 2018 , there were no material amounts owed to RipeLocker or Mr. Lobisser for consulting services.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, 2017 Raw material $ 1,723 $ 2,148 Work-in-process 1,492 6,585 Finished goods 23,266 14,647 Supplies 797 729 Total inventories $ 27,278 $ 24,109

Other Current Assets

Other Current Assets	6 Months Ended
	Jun. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	Other Current Assets The Company's other current assets at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, 2017 VAT receivable $ 10,298 $ 14,088 Prepaid income tax asset 6,327 2,314 Other 8,392 2,282 Total other current assets $ 25,017 $ 18,684

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands, except for useful life data) Useful life (years) June 30, December 31, Leasehold improvements 7-20 $ 2,983 $ 2,976 Machinery & equipment 1-12 7,569 7,853 Furniture 1-12 1,715 1,698 Construction in progress 4,521 2,075 16,788 14,602 Less: accumulated depreciation (3,143 ) (2,402 ) Total property and equipment, net $ 13,645 $ 12,200 Depreciation expense for the three and six months ended June 30, 2018 was $0.4 million and $0.7 million , respectively. Depreciation expense for the three and six months ended June 30, 2017 was $0.3 million and $0.6 million , respectively. Depreciation expense is recorded in cost of sales, selling, general and administrative expense and research and development expense in the condensed consolidated statements of operations.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Changes in the carrying amount of goodwill for the six months ended June 30, 2018 are as follows: (in thousands) Goodwill Balance as of December 31, 2017 $ 9,402 Measurement period adjustment (3,654 ) Foreign currency translation (68 ) Balance as of June 30, 2018 $ 5,680 See note 3 for a description of the measurement period adjustment. The Company’s intangible assets at June 30, 2018 and December 31, 2017 consisted of the following: June 30, 2018 December 31, 2017 (in thousands) Gross Carrying Accumulated Net Gross Carrying Amount Accumulated Amortization Net Other intangible assets: Developed technology $ 759,374 $ (114,916 ) $ 644,458 $ 759,374 $ (94,886 ) $ 664,488 In-process research and development 39,000 (3,972 ) 35,028 39,000 (2,889 ) 36,111 Trade name 29,816 — 29,816 29,816 — 29,816 Service provider network 2,000 — 2,000 2,000 — 2,000 Customer relationships 20,306 (972 ) 19,334 20,306 (806 ) 19,500 Software 7,581 (1,344 ) 6,237 1,274 (404 ) 870 Software not yet placed in service — — — 5,022 5,022 Other 100 (33 ) 67 100 (25 ) 75 Total intangible assets $ 858,177 $ (121,237 ) $ 736,940 $ 856,892 $ (99,010 ) $ 757,882 At June 30, 2018 , the weighted-average amortization period remaining for the finite-lived intangible assets was 16.9 years. At June 30, 2018 , the weighted-average amortization periods remaining for developed technology, customer relationships, in-process R&D, software and other was 16.8 , 21.2 , 16.3 , 2.6 , and 4.0 years, respectively. Estimated annual amortization expense for finite-lived intangible assets, excluding amounts in Work in Progress, subsequent to June 30, 2018 is as follows: (in thousands) Amount 2018 (remaining) $ 22,528 2019 46,128 2020 46,109 2021 44,893 2022 43,673 Thereafter 501,793 Total $ 705,124

Accrued and Other Current Liabi

Accrued and Other Current Liabilities	6 Months Ended
	Jun. 30, 2018
Payables and Accruals [Abstract]
Accrued and Other Current Liabilities	Accrued and Other Current Liabilities The Company’s accrued and other current liabilities at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, 2017 Tax amortization benefit contingency $ 11,820 $ 11,820 Additional consideration due seller 928 693 Dow settlement liability 10,000 Accrued compensation and benefits 8,750 8,932 Accrued rebates payable 5,696 5,027 Insurance premium financing payable 1 639 Severance 154 113 Deferred revenue 1,205 100 Other notes payable 1,281 5,056 Accrued taxes 9,620 7,848 Accrued interest 4,499 6,321 Other 6,092 9,260 Total accrued and other current liabilities $ 50,046 $ 65,809

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt	Debt The Company’s debt, net of unamortized discounts and deferred financing fees, at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, Total Term Loan outstanding $ 406,040 $ 407,109 Tecnidex loan outstanding 2,424 3,685 Less: Amounts due within one year 6,995 7,926 Total long-term debt due after one year $ 401,469 $ 402,868 At June 30, 2018 , the Company evaluated the amount recorded under the Term Loan (defined below) and determined that the fair value was approximately $412.4 million . The fair value of the debt is based on quoted inactive market prices and is therefore classified as Level 2 within the valuation hierarchy. The Term Loan is presented net of deferred issuance costs, which are amortized using the effective interest method over the term of the Term Loan. Gross deferred issuance costs at the inception of the Term Loan were $12.9 million and as of June 30, 2018 there were $7.3 million of unamortized deferred issuance costs. Scheduled principal repayments of debt subsequent to June 30, 2018 are as follows: (in thousands) Amount 2018 (remaining) $ 4,870 2019 4,991 2020 4,250 2021 401,626 Total $ 415,737 Credit Facility On July 31, 2015, in connection with the consummation of the Business Combination, AgroFresh Inc. as the borrower and its parent, AF Solutions Holdings LLC (“AF Solutions Holdings”), a wholly-owned subsidiary of the Company, as the guarantor, entered into a Credit Agreement with Bank of Montreal, as administrative agent (the “Credit Facility”). The Credit Facility consists of a $425.0 million term loan (the “Term Loan”), with an amortization equal to 1.00% per year, and a $25.0 million revolving loan facility (the “Revolving Loan”). The Revolving Loan includes a $10.0 million letter-of-credit sub-facility, issuances against which reduce the available capacity for borrowing. As of June 30, 2018 , the Company has issued $0.5 million of letters of credit, against which no funds have been drawn. The Term Loan has a scheduled maturity date of July 31, 2021, and the Revolving Loan has a scheduled maturity date of July 31, 2019. The interest rates on borrowings under the facilities are either the alternate base rate plus 3.75% or LIBOR plus 4.75% per annum, with a 1.00% LIBOR floor (with step-downs in respect of borrowings under the Revolving Loan dependent upon the achievement of certain financial ratios). The obligations under the Credit Facility are secured by liens on substantially all of the assets of (a) AgroFresh Inc. and its direct wholly-owned domestic subsidiaries, and (b) AF Solutions Holdings, including the common stock of AgroFresh Inc. The net proceeds of the Term Loan were used to fund a portion of the purchase price payable to R&H in connection with the Business Combination. Amounts available under the Revolving Loan may also be used for working capital, general corporate purposes, and other uses, all as more fully set forth in the Credit Agreement. At June 30, 2018 , there was $413.3 million outstanding under the Term Loan and no balance outstanding under the Revolving Loan. As of the Closing Date, the Company incurred approximately $12.9 million in debt issuance costs related to the Term Loan and $1.3 million in costs related to the Revolving Loan. The debt issuance costs associated with the Term Loan were capitalized against the principal balance of the debt, and the Revolving Loan costs were capitalized in Other Assets. All issuance costs will be accreted through interest expense for the duration of each respective debt facility. The interest expense related to the amortization of the debt issuance costs during the three and six months ended June 30, 2018 was approximately $0.6 million and $1.2 million , respectively. On November 18, 2015, the Credit Facility was amended. An existing provision in the credit agreement permitted the Company, subject to an overall cap of $12.0 million per fiscal year and certain other conditions, to pay dividends to the Company’s public stockholders and to redeem or repurchase, through July 31, 2016, the Company’s outstanding warrants for an aggregate purchase price of up to $10.0 million . The amendment expanded the scope of this provision to also permit the repurchase of shares of the Company’s outstanding common stock or other equity securities (subject to the same overall cap and other conditions). Certain restrictive covenants are contained in the Credit Facility, which the Company was in compliance with as of June 30, 2018 , other than certain covenants that would apply only to the extent the Company draws against the Revolving Loan and has an outstanding balance at a calendar quarter-end. There were no outstanding draws against the Revolving Loan as of June 30, 2018 . Beginning with the year ended December 31, 2016, the Company is required to prepay Term Loan Borrowings and Incremental Term Loan Borrowings in an aggregate amount equal to 50% of the "Excess Cash Flow" (as defined in the Credit Facility) for the fiscal year; provided that such amount of the Excess Cash Flow in any fiscal year shall be reduced by (i) the aggregate amount of prepayments of Term Loans and Incremental Term Loans made, (ii) to the extent accompanied by permanent reductions of Revolving Commitments, the aggregate amount of prepayments of Revolving Loans (other than prepayments financed with the proceeds of Indebtedness), and (iii) repaid borrowings of Revolving Loans made on the Effective Date to account for any additional original issue discount or upfront fees that are implemented pursuant to the Fee Letter provided further that, prepayments of Term Loan Borrowings and Incremental Term Loan Borrowings shall only be required if 50% of the Excess Cash Flow for such fiscal year exceeds $5.0 million . There are no amounts due under this provision as of June 30, 2018 .

Other Noncurrent Liabilities

Other Noncurrent Liabilities	6 Months Ended
	Jun. 30, 2018
Liabilities, Other than Long-term Debt, Noncurrent [Abstract]
Other Noncurrent Liabilities	Other Noncurrent Liabilities The Company’s other noncurrent liabilities at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, Tax amortization benefit contingency $ 33,605 $ 31,562 Other 4,039 6,943 Total other noncurrent liabilities $ 37,644 $ 38,505

Severance

Severance	6 Months Ended
	Jun. 30, 2018
Compensation Related Costs [Abstract]
Severance	Severance The Company expensed $0.0 million and 0.3 million for severance for the three and six months ended June 30, 2018 , respectively. There was no severance expense for the three and six months ended June 30, 2017 . This amount, which does not include stock compensation expense, was recorded in selling, general and administrative expense in the condensed consolidated statements of operations. As of June 30, 2018 , the Company had $0.2 million of severance liability, of which $0.1 million will be paid out over the next year.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity The authorized common stock of the Company consists of 400,000,000 shares with a par value of $0.0001 per share. Holders of the Company’s common stock are entitled to one vote for each share of common stock. As of June 30, 2018 , there were 50,486,962 shares of common stock outstanding. As of June 30, 2018 , there were warrants to purchase 15,983,072 shares of the Company’s common stock outstanding at a strike price of $11.50 . Of the 15,983,072 warrants, 9,823,072 were issued as part of the units sold in the Company's initial public offering in February 2014 (not counting 1,201,928 warrants that were subsequently repurchased during 2015) and 6,160,000 warrants were sold in a private placement at the time of such public offering. On November 18, 2015, the Company announced that its board of directors had authorized a stock repurchase program (the “Repurchase Program”). The Repurchase Program authorized the Company to repurchase in the aggregate up to $10 million of the Company’s publicly-traded shares of common stock. The Repurchase Program was in effect for a period of one year, until November 17, 2016. Under the Repurchase Program, the Company repurchased 661,381 shares of its common stock for $3.9 million , which shares are classified as treasury stock on the condensed consolidated balance sheet. In connection with and as a condition to the consummation of the Business Combination, the Company issued R&H one share of Series A Preferred Stock. R&H, voting as a separate class, is entitled to appoint one director to the Company’s board of directors for so long as R&H beneficially holds 10% or more of the aggregate amount of the outstanding shares of common stock and non-voting common stock of the Company. The Series A Preferred Stock has no other rights. Simultaneously with the consummation of the Business Combination, the Company issued 4,878,048 shares of common stock at a price of $10.25 per share in a private placement to raise an aggregate of $50 million of additional equity.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation Stock compensation expense for both equity-classified and liability-classified awards for the three and six months ended June 30, 2018 was $1.3 million and $1.9 million , respectively. Stock compensation expense for both equity-classified and liability-classified awards for the three and six months ended June 30, 2017 was $0.9 million and $1.2 million , respectively. Stock compensation expense is recognized in cost of goods sold, selling, general and administrative expenses, and research and development expenses. At June 30, 2018 , there was $5.8 million of unrecognized compensation cost relating to outstanding unvested equity instruments expected to be recognized over the weighted average period of 1.8 years .

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic loss per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Due to the loss in the quarter, dilutive loss per share is the same as basic loss per share as the adjustment for the assumed issuance of all potentially dilutive share-based awards, including stock options, restricted stock and warrants would be anti-dilutive. The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income (loss) per common share: Three Months Ended Three Months Ended Six Months Ended Six Months Ended Basic weighted-average common shares outstanding 49,864,822 49,670,621 49,814,744 49,941,993 Effect of dilutive options, performance stock units and restricted stock — 364,722 — — Diluted weighted-average shares outstanding 49,864,822 50,035,343 49,814,744 49,941,993 Securities that could potentially be dilutive are excluded from the computation of diluted earnings per share when a loss from continuing operations exists or when the exercise price exceeds the average closing price of the Company's common stock during the period, because their inclusion would result in an anti-dilutive effect on per share amounts. The following represents amounts that could potentially dilute basic earnings per share in the future: (in thousands, except share data) Three Months Ended Three Months Ended Six Months Ended Six Months Ended Stock-based compensation awards (1) : Stock options 613,243 577,500 613,243 921,970 Restricted stock to non-directors 480,323 — 400,546 934,819 Restricted stock to directors 69,495 — 69,018 141,957 Warrants: Private placement warrants 6,160,000 6,160,000 6,160,000 6,160,000 Public warrants 9,823,072 9,823,072 9,823,072 9,823,072 ——————————————————————————————— (1) SARs and Phantom Shares are payable in cash so will therefore have no impact on number of shares Warrants and options are considered anti-dilutive and excluded when the exercise price exceeds the average market value of the Company’s common stock price during the applicable period. Performance share units are considered anti-dilutive if the performance targets upon which the issuance of the shares is contingent have not been achieved and the respective performance period has not been completed as of the end of the current period.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes consists of provisions for federal, state, and foreign incomes taxes. The effective tax rates for the periods ended June 30, 2018 , and June 30, 2017 , reflect the Company’s expected tax rate on reported income from continuing operations before income tax and tax adjustments. The Company operates in a global environment with significant operations in the U.S. and various other jurisdictions outside the U.S. Accordingly, the consolidated income tax rate is a composite rate reflecting the Company’s earnings and the applicable tax rates in the various jurisdictions where the Company operates. On December 22, 2017, the Tax Cuts and Jobs Act (“TCJA”) was enacted in the U.S. The TCJA represents sweeping changes in U.S. tax law. Among other changes in tax law, the TCJA permanently reduced the U.S. corporate income tax rate to 21% beginning in 2018; imposed a one-time repatriation tax on deferred foreign earnings; established a participation exemption system by allowing a 100% dividends received deduction on qualifying dividends paid by foreign subsidiaries; limited deductions for net interest expense; and expanded the U.S. taxation of foreign earned income to include “global intangible low-taxed income” (“GILTI”). As permitted by Staff Accounting Bulletin No. 118, the tax benefit recorded in the fourth quarter of 2017 due to the enactment of the TCJA was considered “provisional”, based on reasonable estimates. The Company is continuing to collect and analyze detailed information about the earnings and profits of its non-U.S. subsidiaries, the related taxes paid, the amounts which could be repatriated, the foreign taxes which may be incurred on repatriation, and the associated impact of these items under the TCJA. The Company may record adjustments to refine those estimates during the measurement period, as additional analysis is completed. No adjustments were recorded during the six months ended June 30, 2018. The TCJA transitions the U.S. from a worldwide tax system to a territorial tax system. Under previous law, companies could indefinitely defer U.S. income taxation on unremitted foreign earnings. The TCJA imposes a one-time repatriation tax on deferred foreign earnings of 15.5% for liquid assets and 8% for illiquid assets, payable in defined increments over eight years. As a result of this requirement, the Company recognized provisional tax expense of $0.5 million in 2017, and provisionally expects to pay $0.3 million , net of estimated applicable foreign tax credits, and after utilization of FTC Credit carryforwards. These previously deferred foreign earnings may now be repatriated to the U.S. without additional U.S. federal taxation. However, any such repatriation could incur withholding and other foreign taxes in the source and intervening foreign jurisdictions, and certain U.S. state taxes. The Company continues to not recognize any U.S. income or foreign withholding taxes for the differences between the financial reporting and tax basis of the investments in foreign subsidiaries that are indefinitely reinvested outside the U.S. This amount may be recognized upon a sale or liquidation. The Company's effective tax rate for the three and six months ended June 30, 2018 was 19.2% and 2.5% , respectively compared to the effective tax rate for the three and six months ended June 30, 2017 of 118.2% and 62.2% , respectively. The effective tax rate for the six months ended June 30, 2018 differs from the U.S. statutory tax rate of 21% , due to unbenefited losses and certain provisions of the TCJA. The unbenefited losses related to the elimination of intercompany profit in inventory. In addition to the unbenefited losses, certain provisions of the TCJA impacted the Company. The reduction of the U.S. corporate income tax rate to 21% and the limitation and deductibility of U.S. interest expense reduced the overall tax benefit for the Company. Other provisions like the inclusion of GILTI had an immaterial impact on the effective tax rate. The Company has elected to account for GILTI tax in the period in which it is incurred, and therefore did not provide any deferred taxes in the consolidated financial statements at December 31, 2017 or June 30, 2018.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is currently involved in various claims and legal actions that arise in the ordinary course of business. The Company has recorded reserves for loss contingencies based on the specific circumstances of each case. Such reserves are recorded when it is probable that a loss has been incurred as of the balance sheet date and can be reasonably estimated. Although the results of litigation and claims can never be predicted with certainty, the Company does not believe that the ultimate resolution of these actions will have a material adverse effect on the Company’s business, financial condition or results of operations. Purchase Commitments The Company has various purchasing contracts for contract manufacturing and research and development services which are based on the requirements of the business. Generally, the contracts are at prices not in excess of current market prices and do not commit the business to obligations outside the normal customary terms for similar contracts.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Liabilities Measured at Fair Value on a Recurring Basis The following table presents the fair value of the Company’s financial instrument liability/(asset) that are measured at fair value on a recurring basis as of June 30, 2018 : (in thousands) Level 1 Level 2 Level 3 Total Tax amortization benefit contingency (1) $ — $ — $ 45,425 $ 45,425 Contingent consideration (2) — — 928 928 Interest rate contract (3) — (3,325 ) — (3,325 ) Stock appreciation rights (4) — — 156 156 Phantom shares (5) — — 348 348 Total $ — $ (3,325 ) $ 46,857 $ 43,532 The following table presents the fair value of the Company’s financial instruments that are measured at fair value on a recurring basis as of December 31, 2017 : (in thousands) Level 1 Level 2 Level 3 Total Tax amortization benefit contingency (1) $ — $ — $ 43,382 $ 43,382 Contingent consideration (2) — — 691 691 Interest rate contract (3) — 456 — 456 Stock appreciation rights (4) — — 268 268 Phantom shares (5) — — 186 186 Total $ — $ 456 $ 44,527 $ 44,983 ——————————————————————————————— (1) The fair value of the tax amortization benefit contingency is measured using an income approach based on the Company’s best estimate of the undiscounted cash payments to be made, with the current portion tax effected at 35.3% and the non-current portion tax effected at 21.5% due to the TCJA enacted in the U.S and discounted to present value utilizing an appropriate market discount rate. Per the TRA Amendment, payments due to Dow under the Tax Receivable Agreement were reduced from 85% to 50% of the applicable tax savings realized by the Company. The valuation technique used did not change during the six months ended June 30, 2018 . (2) The fair value of the contingent consideration related to the Tecnidex acquisition. (3) The derivative assets and liabilities relate to an interest rate derivative that is measured at fair value using observable market inputs such as interest rates, our own credit risks as well as an evaluation of the counterparts' credit risks. The fair value for the six months ended June 30, 2018 resulted in an asset balance while the three months ended December 31, 2017 was in a liability balance. (4) The fair value of the stock appreciation rights was measured using a Black Scholes pricing model during the six months ended June 30, 2018 . The valuation technique used did not change during the six months ended June 30, 2018 . (5) The fair value of phantom shares are based on the fair value of the Company's common stock. The valuation technique used did not change during the six months ended June 30, 2018 . There were no transfers between Level 1 and Level 2 and no transfers out of Level 3 of the fair value hierarchy during the six months ended June 30, 2018 . At June 30, 2018 , the Company evaluated the amount recorded under the Term Loan and determined that the fair value was approximately $412.4 million . The carrying amounts of cash and cash equivalents, accounts receivable, and accounts payable approximate fair value. Changes in Financial Instruments Measured at Level 3 Fair Value on a Recurring Basis The following table presents the changes during the period presented in our Level 3 financial instrument liability/(asset) that are measured at fair value on a recurring basis. (in thousands) Tax amortization benefit contingency Contingent consideration related to acquisition Interest rate contract Stock appreciation rights Phantom shares Total Balance, December 31, 2017 $ 43,382 $ 691 $ 456 $ 268 $ 186 $ 44,983 Accretion 2,043 — — — — 2,043 Stock compensation expense — — — (112 ) 162 50 Mark-to-market adjustment — 237 (3,781 ) (3,544 ) Balance, June 30, 2018 $ 45,425 $ 928 $ (3,325 ) $ 156 $ 348 $ 43,532

Basis of Presentation and Sum27

Basis of Presentation and Summary of Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission. These financial statements include all adjustments that are necessary for a fair presentation of the Company's condensed consolidated results of operations, financial condition and cash flows for the periods shown, including normal, recurring accruals and other items. The condensed consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year.
Revenue Recognition	The Company recognizes contract assets in the form of unbilled revenue in instances where services are performed by the Company but not billed by period end. The Company recognizes contract liabilities in the form of deferred revenue in instances where a customer pays in advance for future services to be performed by the Company. The Company generally receives payments from its customers based on standard terms and conditions. Practical Expedients Elected The Company has elected the following practical expedients in applying ASC 606 across all reportable segments: Unsatisfied Performance Obligations . Because all of its performance obligations relate to contracts with a duration of less than one year, the Company has elected to apply the optional exemption provided in ASC 606 and, therefore, is not required to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. Contract Costs . All incremental customer contract acquisition costs are expensed as they are incurred as the amortization period of the asset that the Company otherwise would have recognized is one year or less in duration. Significant Financing Component. The Company does not adjust the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less. Sales Tax Exclusion from the Transaction Price. The Company excludes from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from the customer. Shipping and Handling Activities . The Company accounts for shipping and handling activities it performs after a customer obtains control of the good as activities to fulfill the promise to transfer the good. Modified Retrospective Method. The Company adopted ASC 606 on January 1, 2018 utilizing the modified retrospective method, which meant the Company did not retrospectively adjust prior periods. The Company applied the modified retrospective method only to contracts that were not completed at January 1, 2018 and accounted for the aggregate effect of any contract modifications upon adoption. No cumulative adjustment to retained earnings was recorded upon adoption. Revenue Recognition On January 1, 2018, the Company began to account for revenue in accordance with Accounting Standards Codification ("ASC") 606, which requires revenue recognized to represent the transfer of promised goods or services to customers at an amount that reflects the consideration which is expected to be received in exchange for those goods or services. The Company utilized the modified retrospective method of adoption to all contracts that were not completed as of January 1, 2018. Prior period results were not adjusted and continue to be reported under the accounting standards in effect for the prior period. The Company has not made any significant changes to judgments in applying ASC 606 during the six months ended June 30, 2018 . Performance Obligations The Company derives revenue from the sale of products created with proprietary technology to regulate the ripening of produce and through performing post application technical services for its customers. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is the unit of account in ASC 606. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The majority of the Company’s contracts have multiple performance obligations primarily related to product application and post application services which the Company provides. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation using the best estimate of the standalone selling price of each distinct good or service in the contract. The method used to estimate standalone selling price is the expected cost plus a margin approach, under which the Company calculates the costs of satisfying a performance obligation and factors in an appropriate margin for that distinct good or service. The transaction price is primarily fixed, as prices are governed by the terms and conditions of the Company's contracts with customers, and payment is typically made under standard terms. The Company has certain transactions that provide for variable consideration through rebate and customer loyalty programs. Depending on the program, the customer may elect to receive either a credit against its account or a cash payment. The Company recognizes an accrued provision for estimated rebates and customer loyalty program payouts at the time services are provided. The primary factors considered when estimating the provision for rebates and customer loyalty programs are the average historical experience of aggregate credits issued, the historical relationship of rebates as a percentage of total gross product sales, and the contract terms and conditions of the various rebate programs in effect at the time services are performed. The Company provides standard warranty provisions. Performance obligations related to product application are typically satisfied at a point in time when the customer obtains control upon application. Performance obligations related to post-application services are satisfied over time and revenue is recognized using the output method, as control of the service transfers to the customer over time during and after storage of the produce. The Company believes that this method provides a faithful depiction of the transfer of value over the term of the performance obligation because the level of effort in providing these services is consistent during the service period. Performance obligations related to Tecnidex sales-type leases are satisfied at the point in time that equipment is installed at the customer site.
Recently Issued Accounting Standards and Pronouncements	Recently Issued Accounting Standards and Pronouncements In August 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2017-12 Targeted Improvements to Accounting for Hedging Activities. This update makes more financial and nonfinancial hedging strategies eligible for hedge accounting. It also amends the presentation and disclosure requirements and changes how companies assess effectiveness. This update will be effective for the Company for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted upon its issuance. The Company is currently assessing the impact of the future adoption of this standard on its financial statements. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation. Scope of Modification Accounting. ASU 2017-09 addresses the changes to the terms and conditions of share-based awards. ASU 2017-09 is effective for periods beginning after December 15, 2017 and interim periods therein on a modified retrospective basis. The Company adopted the new ASU as of January 1, 2018, and it did not have a material impact on the financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations. Clarifying the Definition of a Business. The new accounting guidance clarifies the definition of a business and provides additional guidance to assist entities with evaluating whether transactions should be accounted for as asset acquisitions (or asset disposals) or business combinations (or disposals of a business). Under the new guidance, an entity first determines whether substantially all of the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this criterion is met, the transaction should be accounted for as an asset acquisition as opposed to a business combination. This distinction is important because the accounting for an asset acquisition significantly differs from the accounting for a business combination. The new guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017, with early adoption permitted. During the second quarter of 2018, the Company adopted this standard in connection with the acquisition of Verigo (refer to Note 3). In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other, which simplifies the test for goodwill impairment. The guidance is effective for the Company beginning in the first quarter of fiscal year 2020. Early adoption is permitted for interim or annual goodwill impairments tests after January 1, 2017. This standard will impact future financial statements when adopted. In February 2016, the FASB issued ASU 2016-02, Leases . The main objective of this update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact ASU 2016-02 may have on its financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which has been updated through several revisions and clarifications since its original issuance. The core principle of the new standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in accordance with the transfer of control over those goods and services. The new standard also requires additional disclosures intended to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue, and the related cash flows. The standard is effective for interim and annual reporting periods beginning after December 15, 2017. The Company adopted the new standard as of January 1, 2018, using the modified retrospective approach to all contracts that were not completed as of January 1, 2018. Prior period results were not adjusted and continue to be reported under the accounting standards in effect for the prior period. See the Revenue Recognition subsection above in this Note 2 for further details on the impact to the Company’s financial statements upon adoption and practical expedients elected.

Basis of Presentation and Sum28

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Schedule of Disaggregated Revenue	The Company disaggregates revenue from contracts with customers into geographic region, product and timing of transfer of goods and services. The Company determined that disaggregating revenue into these categories achieves the disclosure objective of depicting how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Revenues for the three months ended June 30, 2018 (in thousands) Region North America EMEA Latin America Asia Pacific Total Revenue Product 1-MCP based $ 691 $ 4,040 $ 4,432 $ 4,688 $ 13,851 Fungicides, waxes, coatings, biocides — 3,345 — — 3,345 Other* 284 191 90 659 1,224 $ 975 $ 7,576 $ 4,522 $ 5,347 $ 18,420 Pattern of Revenue Recognition Products transferred at a point in time $ 943 $ 7,516 $ 4,501 $ 4,688 $ 17,648 Services transferred over time 32 60 21 659 772 $ 975 $ 7,576 $ 4,522 $ 5,347 $ 18,420 Revenues for the six months ended June 30, 2018 (in thousands) Region North America EMEA Latin America Asia Pacific Total Revenue Product 1-MCP based $ 2,587 $ 9,163 $ 25,379 $ 9,081 $ 46,210 Fungicides, waxes, coatings, biocides — 8,932 — — 8,932 Other* 383 279 207 760 1,629 $ 2,970 $ 18,374 $ 25,586 $ 9,841 $ 56,771 Pattern of Revenue Recognition Products transferred at a point in time $ 2,925 $ 18,311 $ 25,560 $ 9,081 $ 55,877 Services transferred over time 45 63 26 760 894 $ 2,970 $ 18,374 $ 25,586 $ 9,841 $ 56,771 *Other includes RipeLock, AdvanStore, LandSpring, Verigo, technical services and sales-type leases related to Tecnidex
Schedule of Changes in Contract Assets and Liabilities	The following table presents changes in the Company’s contract assets and liabilities during the six months ended June 30, 2018 : Balance at January 1, 2018 Additions Deductions Balance at June 30, 2018 (in thousands) Contract assets: Unbilled revenue $ 739 $ 44 $ (739 ) $ 44 Contract liabilities: Deferred revenue $ 100 $ 2,008 $ (903 ) $ 1,205
Summary of Affect of ASC 606 on Financial Statements	The following table summarizes the amounts by which the consolidated financial statements are affected in the current reporting period by ASC 606 as compared with the guidance that was in effect before the change. Balance at June 30, 2018 (in thousands) As reported ASC 606 Adjustments Balances without adoption of ASC 606 Consolidated Balance Sheet Liabilities Accrued expenses and other current liabilities $ 50,046 $ (993 ) $ 49,053 Equity Accumulated deficit $ (140,080 ) $ 993 $ (139,087 ) Three months ended June 30, 2018 (in thousands) As reported ASC 606 Adjustments Balances without adoption of ASC 606 Consolidated Statements of Operations Revenue Net sales $ 18,420 $ 663 $ 19,083 Net loss attributable to AgroFresh Solutions, Inc $ (18,384 ) $ 517 $ (17,867 ) Six months ended June 30, 2018 (in thousands) As reported ASC 606 Adjustments Balances without adoption of ASC 606 Consolidated Statements of Operations Revenue Net sales $ 56,771 $ 993 $ 57,764 Net loss attributable to AgroFresh Solutions, Inc (31,351 ) $ 775 $ (30,576 )

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Schedule of incurred expenses for services	The Company incurred expenses for such services for the six months ended June 30, 2018 and June 30, 2017 as follows: (amounts in thousands) Six Months Ended June 30, 2018 Six Months Ended June 30, 2017 Amortization of prepayment related to set-up of transition services $ — $ 414 Ongoing costs of transition services agreement 168 1,485 Rent expense — 496 Other expenses 1,415 319 Total incurred expenses $ 1,583 $ 2,714

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, 2017 Raw material $ 1,723 $ 2,148 Work-in-process 1,492 6,585 Finished goods 23,266 14,647 Supplies 797 729 Total inventories $ 27,278 $ 24,109

Other Current Assets (Tables)

Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other current assets	The Company's other current assets at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, 2017 VAT receivable $ 10,298 $ 14,088 Prepaid income tax asset 6,327 2,314 Other 8,392 2,282 Total other current assets $ 25,017 $ 18,684

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Property and equipment at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands, except for useful life data) Useful life (years) June 30, December 31, Leasehold improvements 7-20 $ 2,983 $ 2,976 Machinery & equipment 1-12 7,569 7,853 Furniture 1-12 1,715 1,698 Construction in progress 4,521 2,075 16,788 14,602 Less: accumulated depreciation (3,143 ) (2,402 ) Total property and equipment, net $ 13,645 $ 12,200

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill	Changes in the carrying amount of goodwill for the six months ended June 30, 2018 are as follows: (in thousands) Goodwill Balance as of December 31, 2017 $ 9,402 Measurement period adjustment (3,654 ) Foreign currency translation (68 ) Balance as of June 30, 2018 $ 5,680
Schedule of other intangible assets	The Company’s intangible assets at June 30, 2018 and December 31, 2017 consisted of the following: June 30, 2018 December 31, 2017 (in thousands) Gross Carrying Accumulated Net Gross Carrying Amount Accumulated Amortization Net Other intangible assets: Developed technology $ 759,374 $ (114,916 ) $ 644,458 $ 759,374 $ (94,886 ) $ 664,488 In-process research and development 39,000 (3,972 ) 35,028 39,000 (2,889 ) 36,111 Trade name 29,816 — 29,816 29,816 — 29,816 Service provider network 2,000 — 2,000 2,000 — 2,000 Customer relationships 20,306 (972 ) 19,334 20,306 (806 ) 19,500 Software 7,581 (1,344 ) 6,237 1,274 (404 ) 870 Software not yet placed in service — — — 5,022 5,022 Other 100 (33 ) 67 100 (25 ) 75 Total intangible assets $ 858,177 $ (121,237 ) $ 736,940 $ 856,892 $ (99,010 ) $ 757,882
Schedule of estimated annual amortization expense for finite-lived intangible assets	Estimated annual amortization expense for finite-lived intangible assets, excluding amounts in Work in Progress, subsequent to June 30, 2018 is as follows: (in thousands) Amount 2018 (remaining) $ 22,528 2019 46,128 2020 46,109 2021 44,893 2022 43,673 Thereafter 501,793 Total $ 705,124

Accrued and Other Current Lia34

Accrued and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2018
Payables and Accruals [Abstract]
Accrued and other current liabilities	The Company’s accrued and other current liabilities at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, 2017 Tax amortization benefit contingency $ 11,820 $ 11,820 Additional consideration due seller 928 693 Dow settlement liability 10,000 Accrued compensation and benefits 8,750 8,932 Accrued rebates payable 5,696 5,027 Insurance premium financing payable 1 639 Severance 154 113 Deferred revenue 1,205 100 Other notes payable 1,281 5,056 Accrued taxes 9,620 7,848 Accrued interest 4,499 6,321 Other 6,092 9,260 Total accrued and other current liabilities $ 50,046 $ 65,809

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of debt, net of unamortized discount and deferred financing fees	The Company’s debt, net of unamortized discounts and deferred financing fees, at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, Total Term Loan outstanding $ 406,040 $ 407,109 Tecnidex loan outstanding 2,424 3,685 Less: Amounts due within one year 6,995 7,926 Total long-term debt due after one year $ 401,469 $ 402,868
Schedule of principal repayments under the term loan	Scheduled principal repayments of debt subsequent to June 30, 2018 are as follows: (in thousands) Amount 2018 (remaining) $ 4,870 2019 4,991 2020 4,250 2021 401,626 Total $ 415,737

Other Noncurrent Liabilities (T

Other Noncurrent Liabilities (Tables)	6 Months Ended
	Jun. 30, 2018
Liabilities, Other than Long-term Debt, Noncurrent [Abstract]
Other noncurrent liabilities	The Company’s other noncurrent liabilities at June 30, 2018 and December 31, 2017 consisted of the following: (in thousands) June 30, December 31, Tax amortization benefit contingency $ 33,605 $ 31,562 Other 4,039 6,943 Total other noncurrent liabilities $ 37,644 $ 38,505

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of weighted average common shares outstanding	The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income (loss) per common share: Three Months Ended Three Months Ended Six Months Ended Six Months Ended Basic weighted-average common shares outstanding 49,864,822 49,670,621 49,814,744 49,941,993 Effect of dilutive options, performance stock units and restricted stock — 364,722 — — Diluted weighted-average shares outstanding 49,864,822 50,035,343 49,814,744 49,941,993
Amounts that could potentially dilute basic earnings per share	The following represents amounts that could potentially dilute basic earnings per share in the future: (in thousands, except share data) Three Months Ended Three Months Ended Six Months Ended Six Months Ended Stock-based compensation awards (1) : Stock options 613,243 577,500 613,243 921,970 Restricted stock to non-directors 480,323 — 400,546 934,819 Restricted stock to directors 69,495 — 69,018 141,957 Warrants: Private placement warrants 6,160,000 6,160,000 6,160,000 6,160,000 Public warrants 9,823,072 9,823,072 9,823,072 9,823,072 ——————————————————————————————— (1) SARs and Phantom Shares are payable in cash so will therefore have no impact on number of shares

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Tabular disclosure of financial instruments measured at fair value on a recurring basis	The following table presents the fair value of the Company’s financial instrument liability/(asset) that are measured at fair value on a recurring basis as of June 30, 2018 : (in thousands) Level 1 Level 2 Level 3 Total Tax amortization benefit contingency (1) $ — $ — $ 45,425 $ 45,425 Contingent consideration (2) — — 928 928 Interest rate contract (3) — (3,325 ) — (3,325 ) Stock appreciation rights (4) — — 156 156 Phantom shares (5) — — 348 348 Total $ — $ (3,325 ) $ 46,857 $ 43,532 The following table presents the fair value of the Company’s financial instruments that are measured at fair value on a recurring basis as of December 31, 2017 : (in thousands) Level 1 Level 2 Level 3 Total Tax amortization benefit contingency (1) $ — $ — $ 43,382 $ 43,382 Contingent consideration (2) — — 691 691 Interest rate contract (3) — 456 — 456 Stock appreciation rights (4) — — 268 268 Phantom shares (5) — — 186 186 Total $ — $ 456 $ 44,527 $ 44,983 ——————————————————————————————— (1) The fair value of the tax amortization benefit contingency is measured using an income approach based on the Company’s best estimate of the undiscounted cash payments to be made, with the current portion tax effected at 35.3% and the non-current portion tax effected at 21.5% due to the TCJA enacted in the U.S and discounted to present value utilizing an appropriate market discount rate. Per the TRA Amendment, payments due to Dow under the Tax Receivable Agreement were reduced from 85% to 50% of the applicable tax savings realized by the Company. The valuation technique used did not change during the six months ended June 30, 2018 . (2) The fair value of the contingent consideration related to the Tecnidex acquisition. (3) The derivative assets and liabilities relate to an interest rate derivative that is measured at fair value using observable market inputs such as interest rates, our own credit risks as well as an evaluation of the counterparts' credit risks. The fair value for the six months ended June 30, 2018 resulted in an asset balance while the three months ended December 31, 2017 was in a liability balance. (4) The fair value of the stock appreciation rights was measured using a Black Scholes pricing model during the six months ended June 30, 2018 . The valuation technique used did not change during the six months ended June 30, 2018 . (5) The fair value of phantom shares are based on the fair value of the Company's common stock. The valuation technique used did not change during the six months ended June 30, 2018 .
Changes in financial instruments measured at level 3 fair value on a recurring basis	The following table presents the changes during the period presented in our Level 3 financial instrument liability/(asset) that are measured at fair value on a recurring basis. (in thousands) Tax amortization benefit contingency Contingent consideration related to acquisition Interest rate contract Stock appreciation rights Phantom shares Total Balance, December 31, 2017 $ 43,382 $ 691 $ 456 $ 268 $ 186 $ 44,983 Accretion 2,043 — — — — 2,043 Stock compensation expense — — — (112 ) 162 50 Mark-to-market adjustment — 237 (3,781 ) (3,544 ) Balance, June 30, 2018 $ 45,425 $ 928 $ (3,325 ) $ 156 $ 348 $ 43,532

Description of Business (Detail

Description of Business (Details) storage_room in Thousands	6 Months Ended
	Jun. 30, 2018customercountrystorage_room
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating countries (over) | country	45
Number of customers | customer	3,700
Number of service locations | storage_room	25

Basis of Presentation and Sum40

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) - ARGENTINA - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Sales Revenue, Net | Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	11.00%	12.00%
Subsidiaries
Concentration Risk [Line Items]
Net assets	$ 18.3

Basis of Presentation and Sum41

Basis of Presentation and Summary of Significant Accounting Policies - Summary of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total Revenue	$ 18,420	$ 56,771
North America
Disaggregation of Revenue [Line Items]
Total Revenue	975	2,970
EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	7,576	18,374
Latin America
Disaggregation of Revenue [Line Items]
Total Revenue	4,522	25,586
Asia Pacific
Disaggregation of Revenue [Line Items]
Total Revenue	5,347	9,841
Products transferred at a point in time
Disaggregation of Revenue [Line Items]
Total Revenue	17,648	55,877
Products transferred at a point in time | North America
Disaggregation of Revenue [Line Items]
Total Revenue	943	2,925
Products transferred at a point in time | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	7,516	18,311
Products transferred at a point in time | Latin America
Disaggregation of Revenue [Line Items]
Total Revenue	4,501	25,560
Products transferred at a point in time | Asia Pacific
Disaggregation of Revenue [Line Items]
Total Revenue	4,688	9,081
Services transferred over time
Disaggregation of Revenue [Line Items]
Total Revenue	772	894
Services transferred over time | North America
Disaggregation of Revenue [Line Items]
Total Revenue	32	45
Services transferred over time | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	60	63
Services transferred over time | Latin America
Disaggregation of Revenue [Line Items]
Total Revenue	21	26
Services transferred over time | Asia Pacific
Disaggregation of Revenue [Line Items]
Total Revenue	659	760
1-MCP based
Disaggregation of Revenue [Line Items]
Total Revenue	13,851	46,210
1-MCP based | North America
Disaggregation of Revenue [Line Items]
Total Revenue	691	2,587
1-MCP based | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	4,040	9,163
1-MCP based | Latin America
Disaggregation of Revenue [Line Items]
Total Revenue	4,432	25,379
1-MCP based | Asia Pacific
Disaggregation of Revenue [Line Items]
Total Revenue	4,688	9,081
Fungicides, waxes, coatings, biocides
Disaggregation of Revenue [Line Items]
Total Revenue	3,345	8,932
Fungicides, waxes, coatings, biocides | North America
Disaggregation of Revenue [Line Items]
Total Revenue	0	0
Fungicides, waxes, coatings, biocides | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	3,345	8,932
Fungicides, waxes, coatings, biocides | Latin America
Disaggregation of Revenue [Line Items]
Total Revenue	0	0
Fungicides, waxes, coatings, biocides | Asia Pacific
Disaggregation of Revenue [Line Items]
Total Revenue	0	0
Other
Disaggregation of Revenue [Line Items]
Total Revenue	1,224	1,629
Other | North America
Disaggregation of Revenue [Line Items]
Total Revenue	284	383
Other | EMEA
Disaggregation of Revenue [Line Items]
Total Revenue	191	279
Other | Latin America
Disaggregation of Revenue [Line Items]
Total Revenue	90	207
Other | Asia Pacific
Disaggregation of Revenue [Line Items]
Total Revenue	$ 659	$ 760

Basis of Presentation and Sum42

Basis of Presentation and Summary of Significant Accounting Policies - Summary of Contract Assets and Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Contract assets:
Balance at January 1, 2018	$ 739
Additions	44
Deductions	(739)
Balance at June 30, 2018	44
Contract liabilities:
Balance at January 1, 2018	100
Additions	2,008
Deductions	(903)
Balance at June 30, 2018	1,205
Reclassified from unbilled revenue to accounts receivable	700
Reclassified from deferred revenue to revenue	$ (900)

Basis of Presentation and Sum43

Basis of Presentation and Summary of Significant Accounting Policies - Summary of Modified Retrospective Approach (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Liabilities
Accrued expenses and other current liabilities	$ 50,046		$ 50,046		$ 65,809
Equity
Accumulated deficit	(140,080)		(140,080)		$ (108,729)
Revenue
Net sales	18,420	$ 16,389	56,771	$ 49,119
Net loss attributable to AgroFresh Solutions, Inc	(18,384)	$ 2,607	(31,351)	$ (9,422)
Balances without adoption of ASC 606
Liabilities
Accrued expenses and other current liabilities	49,053		49,053
Equity
Accumulated deficit	(139,087)		(139,087)
Revenue
Net sales	19,083		57,764
Net loss attributable to AgroFresh Solutions, Inc	(17,867)		(30,576)
Accounting Standards Update 2014-09 | ASC 606 Adjustments
Liabilities
Accrued expenses and other current liabilities	(993)		(993)
Equity
Accumulated deficit	993		993
Revenue
Net sales	663		993
Net loss attributable to AgroFresh Solutions, Inc	$ 517		$ 775

Business Combinations and Ass44

Business Combinations and Asset Acquisition (Details) $ in Thousands

Apr. 09, 2018USD ($)

Jan. 31, 2018USD ($)

Dec. 01, 2017USD ($)

Apr. 04, 2017USD ($)

Nov. 18, 2015

Jul. 31, 2015USD ($)shares

Jun. 30, 2018USD ($)countryshares

Jun. 30, 2017USD ($)

Jun. 30, 2018USD ($)countryshares

Jun. 30, 2017USD ($)

Jun. 30, 2018USD ($)countryshares

Nov. 07, 2017country

Class of Warrant or Right [Line Items]

Stock repurchase period

1 year

Increase (decrease) in fair value of contingent consideration

$ 98

$ (1,211)

$ 236

$ (996)

Settlement of Dow Liabilities, net of income tax

$ 55,089

Number of operating countries | country

45

45

45

Dow

Class of Warrant or Right [Line Items]

Number of shares authorized to be repurchased (in shares) | shares

5,070,358

5,070,358

5,070,358

Percentage of number of shares outstanding

10.00%

Stock repurchase period

18 months

Verigo

Class of Warrant or Right [Line Items]

Payments to acquire software

$ 1,800

Amendment agreement | Dow

Class of Warrant or Right [Line Items]

Increase (decrease) in liabilities

$ 20,000

Cash paid to related party

$ 10,000

10,000

Increase (decrease) in fair value of contingent consideration

(95,100)

Settlement of Dow liabilities, increase in deferred income taxes

40,000

Settlement of Dow Liabilities, net of income tax

$ 55,100

Tax receivables agreement (TRA) | Dow

Class of Warrant or Right [Line Items]

Rate of tax receivable agreement

50.00%

85.00%

AgroFresh Inc.

Class of Warrant or Right [Line Items]

Cash consideration

$ 635,000

Tecnidex Fruit Protection, S.A.U.

Class of Warrant or Right [Line Items]

Cash consideration

$ 20,000

$ 25,000

Percentage of voting interests acquired

75.00%

Common Stock | AgroFresh Inc.

Class of Warrant or Right [Line Items]

Number of shares issued as consideration (in shares) | shares

17,500,000

Level 3 | Tecnidex Fruit Protection, S.A.U.

Class of Warrant or Right [Line Items]

Contingent consideration

$ 700

Adjustment to purchase price allocation

$ 3,700

Tecnidex Fruit Protection, S.A.U. | Tecnidex Fruit Protection, S.A.U.

Class of Warrant or Right [Line Items]

Number of operating countries | country

18

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Nov. 29, 2016
Director | Mutal services agreement
Related party transactions
Outstanding payable to related party	$ 0
Consulting fee, daily			$ 5
Expenses paid per service agreement	0
Dow | Seperate IT Services
Related party transactions
Payment amount for services	600
Dow | Dow
Related party transactions
Payment amount for services	1,583	$ 2,714
Outstanding payable to related party	1,100	300
Dow | Dow | Amortization of prepayment related to set-up of transition services
Related party transactions
Payment amount for services	0	414
Dow | Dow | Ongoing costs of the transition services agreement / Rent and Other
Related party transactions
Payment amount for services	168	1,485
Dow | Dow | Rent | Ongoing costs of the transition services agreement / Rent and Other
Related party transactions
Payment amount for services	0	496
Dow | Dow | Other Expense | Ongoing costs of the transition services agreement / Rent and Other
Related party transactions
Payment amount for services	$ 1,415	$ 319

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw material	$ 1,723	$ 2,148
Work-in-process	1,492	6,585
Finished goods	23,266	14,647
Supplies	797	729
Total inventories	$ 27,278	$ 24,109

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
VAT receivable	$ 10,298	$ 14,088
Prepaid income tax asset	6,327	2,314
Other	8,392	2,282
Total other current assets	$ 25,017	$ 18,684

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 16,788		$ 16,788		$ 14,602
Less: accumulated depreciation	(3,143)		(3,143)		(2,402)
Property and equipment, net	13,645		13,645		12,200
Depreciation expense	400	$ 300	700	$ 600
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,983		$ 2,983		2,976
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Useful life (in years)			7 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Useful life (in years)			20 years
Machinery & equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,569		$ 7,569		7,853
Machinery & equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life (in years)			1 year
Machinery & equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life (in years)			12 years
Furniture
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,715		$ 1,715		1,698
Furniture | Minimum
Property, Plant and Equipment [Line Items]
Useful life (in years)			1 year
Furniture | Maximum
Property, Plant and Equipment [Line Items]
Useful life (in years)			12 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,521		$ 4,521		$ 2,075

Goodwill and Intangible Asset49

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Goodwill [Roll Forward]
December 31, 2017	$ 9,402
Measurement period adjustment	(3,654)
Foreign currency translation	(68)
June 30, 2018	$ 5,680

Goodwill and Intangible Asset50

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Other intangible assets:
Total intangible assets	$ 858,177	$ 856,892
Accumulated Amortization	(121,237)	(99,010)
Net, finite-lived intangible assets	705,124
Total intangible assets, net	$ 736,940	757,882
Weighted average
Other intangible assets:
Useful life	16 years 10 months 28 days
Trade name
Other intangible assets:
Gross carrying amount, indefinite-lived	$ 29,816	29,816
Service provider network
Other intangible assets:
Gross carrying amount, indefinite-lived	2,000	2,000
Software not yet placed in service
Other intangible assets:
Gross carrying amount, indefinite-lived	0	5,022
Developed technology
Other intangible assets:
Gross carrying amount, finite-lived	759,374	759,374
Accumulated Amortization	(114,916)	(94,886)
Net, finite-lived intangible assets	$ 644,458	664,488
Developed technology | Weighted average
Other intangible assets:
Useful life	16 years 9 months 18 days
In-process research and development
Other intangible assets:
Gross carrying amount, finite-lived	$ 39,000	39,000
Accumulated Amortization	(3,972)	(2,889)
Net, finite-lived intangible assets	$ 35,028	36,111
In-process research and development | Weighted average
Other intangible assets:
Useful life	16 years 3 months 18 days
Customer relationships
Other intangible assets:
Gross carrying amount, finite-lived	$ 20,306	20,306
Accumulated Amortization	(972)	(806)
Net, finite-lived intangible assets	$ 19,334	19,500
Customer relationships | Weighted average
Other intangible assets:
Useful life	21 years 2 months 12 days
Software
Other intangible assets:
Gross carrying amount, finite-lived	$ 7,581	1,274
Accumulated Amortization	(1,344)	(404)
Net, finite-lived intangible assets	$ 6,237	870
Software | Weighted average
Other intangible assets:
Useful life	2 years 7 months 17 days
Other
Other intangible assets:
Gross carrying amount, finite-lived	$ 100	100
Accumulated Amortization	(33)	(25)
Net, finite-lived intangible assets	$ 67	$ 75
Other | Weighted average
Other intangible assets:
Useful life	4 years

Goodwill and Intangible Asset51

Goodwill and Intangible Assets - Future Amortization (Details) $ in Thousands	Jun. 30, 2018USD ($)
Estimated annual amortization expense
2018 (remaining)	$ 22,528
2,019	46,128
2,020	46,109
2,021	44,893
2,022	43,673
Thereafter	501,793
Net, finite-lived intangible assets	$ 705,124

Accrued and Other Current Lia52

Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Tax amortization benefit contingency	$ 11,820	$ 11,820
Additional consideration due seller	928	693
Dow settlement liability		10,000
Accrued compensation and benefits	8,750	8,932
Accrued rebates payable	5,696	5,027
Insurance premium financing payable	1	639
Severance	154	113
Deferred revenue	1,205	100
Other notes payable	1,281	5,056
Accrued taxes	9,620	7,848
Accrued interest	4,499	6,321
Other	6,092	9,260
Accrued and other current liabilities	$ 50,046	$ 65,809

Debt (Details)

Debt (Details) - USD ($)	Jul. 31, 2015	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016	Nov. 18, 2015
Credit facility
Long term debt, gross		$ 415,737,000	$ 415,737,000
Amortization of deferred financing costs			1,214,000	$ 1,166,000
Excess cash flows, repayment of debt, percentage					50.00%
Excess cash flows threshold for dividends					$ 5,000,000
Term loan
Credit facility
Fair value of debt		412,400,000	412,400,000
Debt issuance costs incurred	$ 12,900,000	12,900,000	12,900,000
Deferred issuance costs, net		7,300,000	7,300,000
Face amount	$ 425,000,000
Amortization per year (as a percent)	1.00%
Long term debt, gross		413,300,000	413,300,000
Amortization of deferred financing costs		600,000	1,200,000
Revolving loan
Credit facility
Debt issuance costs incurred	$ 1,300,000
Maximum borrowing available	25,000,000
Long term debt, gross		0	0
Letter-of-credit sub-facility
Credit facility
Maximum borrowing available	$ 10,000,000	500,000	500,000
Letters of credit, amount outstanding		0	0
Credit Facility
Credit facility
Maximum dividends paid and shares and warrants repurchased per fiscal year						$ 12,000,000
Aggregate purchase price of warrants						$ 10,000,000
Credit Facility | Alternate base rate
Credit facility
Margin of interest (as a percent)	3.75%
Credit Facility | LIBOR
Credit facility
Margin of interest (as a percent)	4.75%
Variable rate base minimum (as a percent)	1.00%
Prepayment due to Excess Cash Flow provision | Term loan
Credit facility
Repayments of principal in next 12 months		$ 0	$ 0

Debt - Net of Unamortized Disco

Debt - Net of Unamortized Discounts and Deferred Financing Fees (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Less: Amounts due within one year	$ 6,995	$ 7,926
Long-term debt	401,469	402,868
Term loan
Debt Instrument [Line Items]
Loan outstanding	406,040	407,109
Loans Payable
Debt Instrument [Line Items]
Loan outstanding	$ 2,424	$ 3,685

Debt - Principal Repayments (De

Debt - Principal Repayments (Details) $ in Thousands	Jun. 30, 2018USD ($)
Schedule of principal repayments under the Term Loan
2018 (remaining)	$ 4,870
2,019	4,991
2,020	4,250
2,021	401,626
Total	$ 415,737

Other Noncurrent Liabilities (D

Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Liabilities, Other than Long-term Debt, Noncurrent [Abstract]
Tax amortization benefit contingency	$ 33,605	$ 31,562
Other	4,039	6,943
Total other noncurrent liabilities	$ 37,644	$ 38,505

Severance (Details)

Severance (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Compensation Related Costs [Abstract]
Severance expense	$ 0	$ 0	$ 300,000	$ 0
Severance liability	200,000		200,000
Severance liability, current	$ 100,000		$ 100,000

Stockholders' Equity (Details)

Stockholders' Equity (Details)	Nov. 18, 2015USD ($)	Jul. 31, 2015USD ($)director$ / sharesshares	Jun. 30, 2018vote$ / sharesshares	Nov. 17, 2016USD ($)shares	Dec. 31, 2015shares	Dec. 31, 2017$ / sharesshares	Feb. 28, 2014shares
Class of Warrant or Right [Line Items]
Authorized common stock (in shares)			400,000,000			400,000,000
Par value of common stock (in dollars per share) | $ / shares			$ 0.0001			$ 0.0001
Number of votes entitled by holders of common stock for each share of common stock | vote			1
Common stock, shares outstanding (in shares)			50,486,962			50,340,853
Number of shares issuable upon exercise of warrants (in shares)			15,983,072
Exercise price (in dollars per share) | $ / shares			$ 11.5
Number of warrants outstanding (in shares)			15,983,072
Shares authorized (in shares) | $	$ 10,000,000
Stock repurchase period	1 year
Shares repurchased during period (in shares)				661,381
Value of treasury stock acquired | $				$ 3,900,000
Rohm and Haas
Class of Warrant or Right [Line Items]
Number of shares of Series A Preferred Stock issued as condition to consummation of business combination (in shares)		1
Number of directors preferred stockholder is entitled to appoint if minimum ownership percentage of common stock is maintained | director		1
Minimum percentage of outstanding shares of voting and non-voting common stock to be held to entitle preferred stockholder to appoint director		10.00%
Public
Class of Warrant or Right [Line Items]
Number of warrants outstanding (in shares)							9,823,072
Number of warrants repurchased (in shares)					1,201,928
Private placement
Class of Warrant or Right [Line Items]
Number of warrants outstanding (in shares)							6,160,000
Shares issued during period (in shares)		4,878,048
Issue price of stock (in dollars per share) | $ / shares		$ 10.25
Value of shares issued during period | $		$ 50,000,000

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense	$ 1.3	$ 0.9	$ 1.9	$ 1.2
Share-based compensation, nonvested awards, compensation cost not yet recognized	$ 5.8		$ 5.8
Period for recognition of compensation on unvested stock option			1 year 9 months 4 days

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Weighted Average Common Shares Outstanding (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding (in shares)	49,864,822	49,670,621	49,814,744	49,941,993
Effect of dilutive options, performance stock units and restricted stock (in shares)	0	364,722	0	0
Dilute weighted-average shares outstanding (in shares)	49,864,822	50,035,343	49,814,744	49,941,993

Earnings Per Share (Details)

Earnings Per Share (Details) - shares		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Stock options
Earnings Per Share [Line Items]
Antidilutive securities (in shares)	[1]	613,243	577,500	613,243	921,970
Restricted Stock Units (RSUs)
Earnings Per Share [Line Items]
Antidilutive securities (in shares)	[1]	480,323	0	400,546	934,819
Warrants | Private placement
Earnings Per Share [Line Items]
Antidilutive securities (in shares)	[1]	6,160,000	6,160,000	6,160,000	6,160,000
Warrants | Public
Earnings Per Share [Line Items]
Antidilutive securities (in shares)	[1]	9,823,072	9,823,072	9,823,072	9,823,072
Director | Restricted Stock
Earnings Per Share [Line Items]
Antidilutive securities (in shares)	[1]	69,495	0	69,018	141,957
[1]	SARs and Phantom Shares are payable in cash so will therefore have no impact on number of shares

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Provisional tax expense					$ 0.5
Provisional tax liability			$ 0.3
Effective tax rate (as a percent)	19.20%	118.20%	2.50%	62.20%

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments Measured on a Recurring Basis (Details) - USD ($)		Apr. 04, 2017	Jul. 31, 2015	Jun. 30, 2018	Dec. 31, 2017
Recurring
Financial instruments measured at fair value on a recurring basis
Level 1 to level 2 transfers				$ 0
Transfers				0
Contingent consideration | Recurring
Financial instruments measured at fair value on a recurring basis
Fair value of liability				43,532,000	$ 44,983,000
Contingent consideration | Recurring | Stock appreciation rights
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[1]			156,000	268,000
Contingent consideration | Recurring | Phantom shares
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[2]			348,000	186,000
Contingent consideration | Recurring | Level 1
Financial instruments measured at fair value on a recurring basis
Fair value of liability				0	0
Contingent consideration | Recurring | Level 1 | Stock appreciation rights
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[1]			0	0
Contingent consideration | Recurring | Level 1 | Phantom shares
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[2]			0	0
Contingent consideration | Recurring | Level 2
Financial instruments measured at fair value on a recurring basis
Fair value of liability				(3,325,000)	456,000
Contingent consideration | Recurring | Level 2 | Stock appreciation rights
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[1]			0	0
Contingent consideration | Recurring | Level 2 | Phantom shares
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[2]			0	0
Contingent consideration | Recurring | Level 3
Financial instruments measured at fair value on a recurring basis
Fair value of liability				46,857,000	44,527,000
Contingent consideration | Recurring | Level 3 | Stock appreciation rights
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[1]			156,000	268,000
Contingent consideration | Recurring | Level 3 | Phantom shares
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[2]			348,000	186,000
Contingent consideration | AgroFresh Inc. | Recurring | Tax amortization benefit contingency
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[3]			45,425,000	43,382,000
Contingent consideration | AgroFresh Inc. | Recurring | Contingent consideration related to acquisition
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[4]			928,000	691,000
Contingent consideration | AgroFresh Inc. | Recurring | Interest rate contract
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[5]			(3,325,000)	456,000
Contingent consideration | AgroFresh Inc. | Recurring | Level 1 | Tax amortization benefit contingency
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[3]			0	0
Contingent consideration | AgroFresh Inc. | Recurring | Level 1 | Contingent consideration related to acquisition
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[4]			0	0
Contingent consideration | AgroFresh Inc. | Recurring | Level 1 | Interest rate contract
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[5]			0	0
Contingent consideration | AgroFresh Inc. | Recurring | Level 2 | Tax amortization benefit contingency
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[3]			0	0
Contingent consideration | AgroFresh Inc. | Recurring | Level 2 | Contingent consideration related to acquisition
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[4]			0	0
Contingent consideration | AgroFresh Inc. | Recurring | Level 2 | Interest rate contract
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[5]			(3,325,000)	456,000
Contingent consideration | AgroFresh Inc. | Recurring | Level 3 | Tax amortization benefit contingency
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[3]			$ 45,425,000	43,382,000
Tax effect rate				35.30%
Non-current portion new tax rate effect				21.50%
Contingent consideration | AgroFresh Inc. | Recurring | Level 3 | Contingent consideration related to acquisition
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[4]			$ 928,000	691,000
Contingent consideration | AgroFresh Inc. | Recurring | Level 3 | Interest rate contract
Financial instruments measured at fair value on a recurring basis
Fair value of liability	[5]			$ 0	$ 0
Dow | Tax receivables agreement (TRA)
Financial instruments measured at fair value on a recurring basis
Percentage of tax savings to be paid		50.00%	85.00%
[1]	The fair value of the stock appreciation rights was measured using a Black Scholes pricing model during the six months ended June 30, 2018. The valuation technique used did not change during the six months ended June 30, 2018.
[2]	The fair value of phantom shares are based on the fair value of the Company's common stock. The valuation technique used did not change during the six months ended June 30, 2018.
[3]	The fair value of the tax amortization benefit contingency is measured using an income approach based on the Company’s best estimate of the undiscounted cash payments to be made, with the current portion tax effected at 35.3% and the non-current portion tax effected at 21.5% due to the TCJA enacted in the U.S and discounted to present value utilizing an appropriate market discount rate. Per the TRA Amendment, payments due to Dow under the Tax Receivable Agreement were reduced from 85% to 50% of the applicable tax savings realized by the Company. The valuation technique used did not change during the six months ended June 30, 2018.
[4]	The fair value of the contingent consideration related to the Tecnidex acquisition.
[5]	The derivative assets and liabilities relate to an interest rate derivative that is measured at fair value using observable market inputs such as interest rates, our own credit risks as well as an evaluation of the counterparts' credit risks. The fair value for the six months ended June 30, 2018 resulted in an asset balance while the three months ended December 31, 2017 was in a liability balance.

Fair Value Measurements - Chang

Fair Value Measurements - Changes of Level 3 Financial Instruments (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Contingent consideration
Financial instruments measured at Level 3 fair value on a recurring basis rollforward
Balance, beginning period	$ 44,983
Accretion	2,043
Stock compensation expense	50
Mark-to-market adjustment	(3,544)
Balance, ending period	43,532
Contingent consideration | Tax amortization benefit contingency
Financial instruments measured at Level 3 fair value on a recurring basis rollforward
Balance, beginning period	43,382
Accretion	2,043
Stock compensation expense	0
Mark-to-market adjustment	0
Balance, ending period	45,425
Contingent consideration | Contingent consideration related to acquisition
Financial instruments measured at Level 3 fair value on a recurring basis rollforward
Balance, beginning period	691
Accretion	0
Stock compensation expense	0
Mark-to-market adjustment	237
Balance, ending period	928
Contingent consideration | Interest rate contract
Financial instruments measured at Level 3 fair value on a recurring basis rollforward
Balance, beginning period	456
Accretion	0
Stock compensation expense	0
Mark-to-market adjustment	(3,781)
Balance, ending period	(3,325)
Contingent consideration | Stock appreciation rights
Financial instruments measured at Level 3 fair value on a recurring basis rollforward
Balance, beginning period	268
Accretion	0
Stock compensation expense	(112)
Mark-to-market adjustment
Balance, ending period	156
Contingent consideration | Phantom shares
Financial instruments measured at Level 3 fair value on a recurring basis rollforward
Balance, beginning period	186
Accretion	0
Stock compensation expense	162
Mark-to-market adjustment
Balance, ending period	348
Term loan
Financial instruments measured at Level 3 fair value on a recurring basis
Fair value of debt	$ 412,400