Ferro (FOE) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	Mar. 31, 2020shares
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	1-584
Entity Registrant Name	FERRO CORPORATION
Entity Incorporation State Country Code	OH
Entity Tax Identification Number	34-0217820
Entity Address Address Line One	6060 Parkland Boulevard
Entity Address Address Line Two	Suite 250
Entity Address City Or Town	Mayfield Heights
Entity Address State Or Province	OH
Entity Address Postal Zip Code	44124
City Area Code	216
Local Phone Number	875-5600
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $1.00
Trading Symbol	FOE
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	82,242,817
Amendment Flag	false
Entity Central Index Key	0000035214
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--12-31

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Condensed Consolidated Statements Of Operations [Abstract]
Net sales	$ 252,326	$ 263,382
Cost of sales	171,588	185,523
Gross profit	80,738	77,859
Selling, general and administrative expenses	56,046	56,931
Restructuring and impairment charges	1,165	1,740
Other expense (income):
Interest expense	5,530	6,295
Interest earned	(254)	(811)
Foreign currency losses (gains), net	(1,315)	1,964
Miscellaneous expense (income), net	(1,463)	46
Income before income taxes	21,029	11,694
Income tax expense	5,117	2,893
Income from continuing operations	15,912	8,801
Income from discontinued operations, net of income taxes	221	5,077
Net income	16,133	13,878
Less: Net income attributable to noncontrolling interests	10	274
Net income attributable to Ferro Corporation common shareholders	$ 16,123	$ 13,604
Basic earnings:
Continuing operations	$ 0.19	$ 0.10
Discontinued operations		0.06
Basic earnings	0.19	0.16
Diluted earnings:
Continuing operations	0.19	0.10
Discontinued operations		0.06
Diluted earnings	$ 0.19	$ 0.16

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Condensed Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income	$ 16,133	$ 13,878
Other comprehensive income (loss), net of income tax:
Foreign currency translation income (loss)	(18,366)	3,508
Cash flow hedging instruments, unrealized loss	(9,040)	(4,314)
Other comprehensive loss, net of income tax	(27,406)	(806)
Total comprehensive income (loss)	(11,273)	13,072
Less: Comprehensive income (loss) attributable to noncontrolling interests	(84)	380
Comprehensive income (loss) attributable to Ferro Corporation	$ (11,189)	$ 12,692

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 43,018	$ 96,202
Accounts receivable, net	150,639	139,333
Inventories	266,275	264,476
Other receivables	63,777	69,365
Other current assets	16,838	22,373
Current assets held-for-sale	289,325	291,420
Total current assets	829,872	883,169
Other assets
Property, plant and equipment, net	295,899	302,249
Goodwill	170,778	172,209
Intangible assets, net	124,120	127,815
Deferred income taxes	100,391	98,714
Operating leased assets	17,294	20,088
Other non-current assets	78,302	72,023
Non-current assets held-for-sale	155,313	158,354
Total assets	1,771,969	1,834,621
Current liabilities
Loans payable and current portion of long-term debt	8,730	8,703
Accounts payable	105,093	138,799
Accrued payrolls	27,697	27,447
Accrued expenses and other current liabilities	71,661	73,016
Current liabilities held-for-sale	122,366	133,780
Total current liabilities	335,547	381,745
Other liabilities
Long-term debt, less current portion	797,017	798,862
Postretirement and pension liabilities	168,216	174,021
Operating leased non-current liabilities	11,973	14,474
Other non-current liabilities	60,058	56,976
Non-current liabilities held-for-sale	37,620	38,341
Total liabilities	1,410,431	1,464,419
Ferro Corporation shareholders' equity:
Common stock, par value $1 per share; 300.0 million shares authorized; 93.4 million shares issued; 82.2 million and 82.0 million shares outstanding at March 31, 2020, and December 31, 2019, respectively	93,436	93,436
Paid-in capital	291,820	294,543
Retained earnings	278,139	262,016
Accumulated other comprehensive loss	(136,688)	(109,376)
Common shares in treasury, at cost	(174,911)	(180,243)
Total Ferro Corporation shareholders' equity	351,796	360,376
Noncontrolling interests	9,742	9,826
Total equity	361,538	370,202
Total liabilities and equity	$ 1,771,969	$ 1,834,621

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Condensed Consolidated Balance Sheets [Abstract]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	93,400,000	93,400,000
Common stock, shares outstanding	82,200,000	82,000,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Common Shares in Treasury [Member]	Common Stock [Member]	Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Non-controlling Interests [Member]	Total
Beginning Balances at Dec. 31, 2018	$ (165,545)	$ 93,436	$ 298,123	$ 255,978	$ (105,361)	$ 9,218	$ 385,849
Beginning Balances, shares at Dec. 31, 2018	10,433
Net income				13,604		274	13,878
Other comprehensive income (loss)					(912)	106	(806)
Purchase of treasury stock	$ (25,000)						(25,000)
Purchase of treasury stock, shares	1,441
Stock-based compensation transactions	$ 8,422		(6,446)				1,976
Stock-based compensation transactions, shares	(370)
Ending Balances at Mar. 31, 2019	$ (182,123)	93,436	291,677	269,582	(106,273)	9,598	375,897
Ending Balances, shares at Mar. 31, 2019	11,504
Beginning Balances at Dec. 31, 2019	$ (180,243)	93,436	294,543	262,016	(109,376)	9,826	370,202
Beginning Balances, shares at Dec. 31, 2019	11,431
Net income				16,123		10	16,133
Other comprehensive income (loss)					(27,312)	(94)	(27,406)
Stock-based compensation transactions	$ 5,332		(2,723)				2,609
Stock-based compensation transactions, shares	(238)
Ending Balances at Mar. 31, 2020	$ (174,911)	$ 93,436	$ 291,820	$ 278,139	$ (136,688)	$ 9,742	$ 361,538
Ending Balances, shares at Mar. 31, 2020	11,193

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net cash used in operating activities	$ (71,535)	$ (67,527)
Cash flows from investing activities
Capital expenditures for property, plant and equipment and other long-lived assets	(8,316)	(23,326)
Collections of financing receivables	28,827	20,186
Business acquisitions, net of cash acquired		(251)
Other investing activities	745
Net cash provided by (used in) investing activities	21,256	(3,391)
Cash flows from financing activities
Net borrowings under loans payable	137	33
Principal payments on term loan facility - Amended Credit Facility	(2,050)	(2,050)
Proceeds from revolving credit facility - Amended Credit Facility	180,000	104,174
Principal payments on revolving credit facility - Amended Credit Facility	(180,000)	(52,866)
Purchase of treasury stock		(25,000)
Other financing activities	216	(414)
Net cash provided by (used in) financing activities	(1,697)	23,877
Effect of exchange rate changes on cash and cash equivalents	(1,208)	377
Decrease in cash and cash equivalents	(53,184)	(46,664)
Cash and cash equivalents at beginning of period	104,402	104,301
Cash and cash equivalents at end of period	51,218	57,637
Less: Cash and cash equivalents of discontinued operations at end of period	8,200	8,200
Cash and cash equivalents of continuing operations at end of period	43,018	49,437
Cash paid during the period for:
Interest	7,853	8,232
Income taxes	$ 4,431	$ 3,940

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Mar. 31, 2020
Basis Of Presentation [Abstract]
Basis Of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Ferro Corporation (“Ferro,” “we,” “us” or “the Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, the instructions to Form 10-Q, and Article 10 of Regulation S-X. These statements reflect all normal and recurring adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2019. We produce our products primarily in the Europe, Middle East and Africa (“EMEA”) region, the United States (“U.S.”), the Asia Pacific region, and Latin America. Operating results for the three months ended March 31, 2020, are not necessarily indicative of the results expected in subsequent quarters or for the full year ending December 31, 2020. During the fourth quarter of 2019, substantially all of the assets and liabilities of our Tile Coatings business were classified as held-for-sale in the accompanying consolidated balance sheets. As further discussed in Note 4, we entered into a definitive agreement to sell our Tile Coatings business which has historically been included in the Performance Coatings reportable segment. Therefore, the associated operating results, net of income tax, have been classified as discontinued operations in the accompanying consolidated statements of operations for all periods presented. Throughout this Quarterly Report on Form 10-Q, unless otherwise indicated, amounts and activity are presented on a continuing operations basis. Subsequent to the treatment of the Tile Coatings business as discontinued operations, the remaining businesses within Performance Coatings were included within the Performance Colors and Glass reportable segment, which as of January 1, 2020, was renamed Functional Coatings. Certain reclassifications have been made to the prior year financial statements to conform to current year classifications. The reclassification relates to the balance sheet presentation of assets and liabilities as held for sale and statement of operations presentation of results classified as discontinued operations in relation to the Tile Coatings business transaction.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements Recently Adopted Accounting Standards This section provides a description of new accounting pronouncements ("Accounting Standard Update" or "ASU") issued by the Financial Accounting Standards Board ("FASB") that are applicable to the Company. The following ASUs were adopted as of January 1, 2020 and did not have a material impact on the consolidated financial statements: Standard Description ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , issued December, 2019 Simplifies the accounting for income taxes by removing certain exceptions and by: altering the recognition of franchise tax partially based on income; requiring evaluation of proper treatment of a step up in the tax basis of goodwill; specifying requirements regarding the allocation of tax expense to a legal entity that is not subject to tax; requiring the effect of an enacted change in tax laws or rates be reflected in the annual effective tax rate computation in the interim period that includes the enactment date, and; other minor codification improvements. ASU 2019-12 was early adopted by the Company. ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , issued June 2016 Changes the way entities recognize impairment of financial assets by requiring immediate recognition of estimated credit losses expected to occur over the remaining life of the financial asset. Additional disclosures are required regarding an entity’s assumptions, models and methods for estimating the expected credit loss. New Accounting Standards Not Yet Adopted We are currently evaluating the impact on our financial statements of the following ASUs: Standard Description ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , issued March, 2020 Provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this ASU are effective for all entities through December 31, 2022. ASU No. 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans , issued August, 2018 Modifies disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. This ASU is effective for fiscal years beginning after December 15, 2020 and is to be applied using a retrospective approach for all periods presented. Early adoption is permitted. No other new accounting pronouncements issued had, or are expected to have, a material impact on the Company’s consolidated financial statements.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2020
Revenue [Abstract]
Revenue	3. Revenue Revenues disaggregated by geography and reportable segment for the three months ended March 31, 2020, follow: (Dollars in thousands) EMEA United States Asia Pacific Latin America Total Functional Coatings $ 75,857 $ 46,694 $ 21,756 $ 11,128 $ 155,435 Color Solutions 37,889 41,159 9,296 8,547 96,891 Total net sales $ 113,746 $ 87,853 $ 31,052 $ 19,675 $ 252,326 Revenues disaggregated by geography and reportable segment for the three months ended March 31, 2019, follow: (Dollars in thousands) EMEA United States Asia Pacific Latin America Total Functional Coatings $ 78,265 $ 51,979 $ 22,898 $ 13,884 $ 167,026 Color Solutions 35,567 43,599 8,825 8,365 96,356 Total net sales $ 113,832 $ 95,578 $ 31,723 $ 22,249 $ 263,382

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2020
Discontinued Operations [Abstract]
Discontinued Operations	4. Discontinued Operations During the fourth quarter of 2019, substantially all of the assets and liabilities of our Tile Coatings business were classified as held-for-sale in the accompanying consolidated balance sheets. We entered into a definitive agreement to sell our Tile Coatings business which has historically been a part of our Performance Coatings reportable segment. Therefore, the associated operating results, net of income tax, have been classified as discontinued operations in the accompanying consolidated statements of operations for all periods presented. The table below summarizes results for the Tile Coatings business for the three months ended March 31, 2020 and 2019 which are reflected in our consolidated statements of operations as discontinued operations. Interest expense has been allocated to the discontinued operations based on the ratio of net assets of the business to consolidated net assets excluding debt. Three Months Ended March 31, (Dollars in thousands) 2020 2019 Net sales $ 114,750 $ 124,166 Cost of sales 86,902 100,169 Gross profit 27,848 23,997 Selling, general and administrative expenses 18,808 15,149 Restructuring and impairment charges 279 387 Interest expense 2,231 2,989 Interest earned ( 24 ) ( 15 ) Foreign currency losses (gains), net 5,765 ( 1,226 ) Miscellaneous expense, net 542 229 Income from discontinued operations before income taxes 247 6,484 Income tax expense 26 1,407 Income from discontinued operations, net of income taxes 221 5,077 Less: Net income (loss) attributable to noncontrolling interests ( 23 ) 105 Net income attributable to Tile Coatings business $ 244 $ 4,972 The following table summarizes the assets and liabilities which are classified as held-for-sale at March 31, 2020 and December 31, 2019: March 31, December 31, (Dollars in thousands) 2020 2019 Cash and cash equivalents $ 8,200 $ 8,200 Accounts receivable, net 158,035 156,645 Inventories 98,502 101,127 Other receivables 21,747 22,442 Other current assets 2,841 3,006 Current assets held-for-sale 289,325 291,420 Property, plant and equipment, net 95,495 97,185 Goodwill 3 3 Amortizable intangible assets, net 39,293 39,692 Deferred income taxes 14,135 14,425 Other non-current assets 6,387 7,049 Non-current assets held-for-sale 155,313 158,354 Total assets held-for-sale $ 444,638 $ 449,774  Loans payable and current portion of long-term debt $ 4,053 $ 3,678 Accounts payable 84,719 96,998 Accrued payrolls 3,637 4,838 Accrued expenses and other current liabilities 29,957 28,266 Current liabilities held-for-sale 122,366 133,780 Long-term debt, less current portion 25,331 25,805 Postretirement and pension liabilities 7,629 7,473 Other non-current liabilities 4,660 5,063 Non-current liabilities held-for-sale 37,620 38,341 Total liabilities held-for-sale $ 159,986 $ 172,121 The following table summarizes cash flow data relating to discontinued operations for the three months ended March 31, 2020 and 2019: Three Months Ended March 31, (Dollars in thousands) 2020 2019 Depreciation $ — $ 2,927 Amortization of intangible assets — 798 Capital expenditures ( 1,147 ) ( 4,982 ) Non-cash investing activities - capital expenditures, consisting of unpaid capital expenditure liabilities at period end 667 2,428

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventories [Abstract]
Inventories	5. Inventories March 31, December 31, (Dollars in thousands) 2020 2019 Raw materials $ 78,501 $ 80,176 Work in process 48,996 49,717 Finished goods 138,778 134,583 Total inventories $ 266,275 $ 264,476 In the production of some of our products, we use precious metals, which we obtain from financial institutions under consignment agreements with terms of one year or less. The financial institutions retain ownership of the precious metals and charge us fees based on the amounts we consign. These fees were $ 1.1 million for the three months ended March 31, 2020 and 2019. We had on-hand precious metals owned by participants in our precious metals consignment program of $ 68.8 million at March 31, 2020, and $ 66.2 million at December 31, 2019, measured at fair value based on market prices for identical assets.

Property, Plant And Equipment

Property, Plant And Equipment	3 Months Ended
	Mar. 31, 2020
Property, Plant And Equipment [Abstract]
Property, Plant And Equipment	6. Property, Plant and Equipment Property, plant and equipment is reported net of accumulated depreciation of $ 412.7 million at March 31, 2020 and $ 412.9 million at December 31, 2019. As discussed in Note 4, the assets of our Tile Coatings business were classified as held-for-sale under ASC Topic 360; Property, Plant, and Equipment . As such, additional accumulated depreciation of $ 135.3 million at March 31, 2020 and $ 137.6 million at December 31, 2019 were classified as Non-current assets held for sale. Unpaid capital expenditure liabilities, which are non-cash investing activities, were $ 1.9 million at March 31, 2020 and $ 3.4 million at March 31, 2019.

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill And Other Intangible Assets [Abstract]
Goodwill And Other Intangible Assets	7. Goodwill and Other Intangible Assets Details and activity in the Company’s goodwill by segment follow: Functional Color (Dollars in thousands) Coatings Solutions Total Goodwill, net at December 31, 2019 $ 121,902 $ 50,307 $ 172,209 Foreign currency adjustments ( 1,049 ) ( 382 ) ( 1,431 ) Goodwill, net at March 31, 2020 $ 120,853 $ 49,925 $ 170,778 March 31, December 31, (Dollars in thousands) 2020 2019 Goodwill, gross $ 229,245 $ 230,676 Accumulated impairment ( 58,467 ) ( 58,467 ) Goodwill, net $ 170,778 $ 172,209 Goodwill is tested for impairment at the reporting unit level on an annual basis in the fourth quarter, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying value. As of March 31, 2020, the Company is not aware of any events or circumstances that occurred which would require a goodwill impairment test. Amortizable intangible assets consisted of the following: March 31, December 31, (Dollars in thousands) 2020 2019 Gross amortizable intangible assets: Patents $ 5,394 $ 5,434 Land rights 2,931 2,900 Technology/know-how and other 112,894 112,940 Customer relationships 65,618 66,454 Total gross amortizable intangible assets 186,837 187,728 Accumulated amortization: Patents ( 5,373 ) ( 5,413 ) Land rights ( 1,449 ) ( 1,378 ) Technology/know-how and other ( 53,411 ) ( 50,973 ) Customer relationships ( 15,072 ) ( 14,831 ) Total accumulated amortization ( 75,305 ) ( 72,595 ) Amortizable intangible assets, net $ 111,532 $ 115,133 Indefinite-lived intangible assets consisted of the following: March 31, December 31, (Dollars in thousands) 2020 2019 Indefinite-lived intangibles assets: Trade names and trademarks $ 12,588 $ 12,682

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt [Abstract]
Debt	8. Debt Loans payable and current portion of long-term debt consisted of the following: March 31, December 31, (Dollars in thousands) 2020 2019 Current portion of long-term debt $ 8,730 $ 8,703 Current portion of long-term debt $ 8,730 $ 8,703 Long-term debt consisted of the following: March 31, December 31, (Dollars in thousands) 2020 2019 Term loan facility, net of unamortized issuance costs, maturing 2024 (1) $ 799,950 $ 801,764 Capital lease obligations 2,315 2,305 Other notes 3,482 3,496 Total long-term debt 805,747 807,565 Current portion of long-term debt ( 8,730 ) ( 8,703 ) Long-term debt, less current portion $ 797,017 $ 798,862 (1) The carrying value of the term loan facility, maturing 2024, is net of unamortized debt issuance costs of $ 3.7 million at March 31, 2020, and $ 3.9 million at December 31, 2019. Amended Credit Facility On April 25, 2018, the Company entered into an amendment (the “Amended Credit Facility”) to its existing credit facility (the “Credit Facility”), which Amended Credit Facility (a) provided a new revolving facility (the “2018 Revolving Facility”), which replaced the Company’s existing revolving facility, (b) repriced the (“Tranche B-1 Loans”), and (c) provided new tranches of term loans (“Tranche B-2 Loans” and “Tranche B-3 Loans”) denominated in U.S. dollars. The Amended Credit Facility will be used for ongoing working capital requirements and general corporate purposes. The Tranche B-2 Loans are borrowed by the Company and the Tranche B-3 Loans are borrowed on a joint and several basis by Ferro GmbH and Ferro Europe Holdings LLC. The Amended Credit Facility consists of a $ 500 million secured revolving line of credit with a maturity of February 14, 2023 , a $ 355 million secured term loan facility with a maturity of February 14, 2024 , a $ 235 million secured term loan facility with a maturity of February 14, 2024 and a $ 230 million secured term loan facility with a maturity of February 14, 2024 . The term loans are payable in equal quarterly installments in an amount equal to 0.25 % of the original principal amount of the term loans, with the remaining balance due on the maturity date thereof. In addition, the Company is required, on an annual basis, to make a prepayment in an amount equal to a portion of the Company’s excess cash flow, as calculated pursuant to the Amended Credit Facility, which prepayment will be applied first to the term loans until they are paid in full, and then to the revolving loans. Subject to the satisfaction of certain conditions, the Company can request additional commitments under the revolving line of credit or term loans in the aggregate principal amount of up to $ 250 million to the extent that existing or new lenders agree to provide such additional commitments and/or term loans. The Company can also raise certain additional debt or credit facilities subject to satisfaction of certain covenant levels. Certain of the Company’s U.S. subsidiaries have guaranteed the Company’s obligations under the Amended Credit Facility and such obligations are secured by (a) substantially all of the personal property of the Company and the U.S. subsidiary guarantors and (b) a pledge of 100 % of the stock of certain of the Company’s U.S. subsidiaries and 65 % of the stock of certain of the Company’s direct foreign subsidiaries. The Tranche B-3 Loans are guaranteed by the Company, the U.S. subsidiary guarantors and a cross-guaranty by the borrowers of the Tranche B-3 Loans and are secured by the collateral securing the revolving loans and the other term loans, in addition to a pledge of the equity interests of Ferro GmbH. Interest Rate – Term Loans: The interest rates applicable to the term loans will be, at the Company’s option, equal to either a base rate or a LIBOR rate plus, in both cases, an applicable margin.  The base rate for term loans will be the highest of (i) the federal funds rate plus 0.50 %, (ii) the syndication agent’s prime rate, (iii) the daily LIBOR rate plus 1.00 % or (iv) 0.00%. The applicable margin for base rate loans is 1.25 %.  The LIBOR rate for term loans shall not be less than 0.0 % and the applicable margin for LIBOR rate term loans is 2.25 %.  For LIBOR rate term loans, the Company may choose to set the duration on individual borrowings for periods of one, two, three or six months, with the interest rate based on the applicable LIBOR rate for the corresponding duration. At March 31, 2020, the Company had borrowed $ 347.9 million under the Tranche B-1 Loans at an interest rate of 3.70 %, $ 230.3 million under the Tranche B-2 Loans at an interest rate of 3.70 %, and $ 225.4 million under the Tranche B-3 Loans at an interest rate of 3.70 %. At March 31, 2020, there were no additional borrowings available under the Tranche B-1 Loans, Tranche B-2 Loans, or Tranche B-3 Loans. In connection with these borrowings, we entered into swap agreements in the second quarter of 2018. At March 31, 2020, the effective interest rate for the Tranche B-1 Loans, Tranche B-2 Loans, and Tranche B-3 Loans, after adjusting for the interest rate swap, was 5.05 %, 2.74 %, and 2.48 %, respectively. Interest Rate – Revolving Credit Line: The interest rates applicable to loans under the 2018 Revolving Credit Facility will be, at the Company’s option, equal to either a base rate or a LIBOR rate plus, in both cases, an applicable variable margin. The variable margin will be based on the ratio of (a) the Company’s total consolidated net debt outstanding (as defined in the Amended Credit Agreement) at such time to (b) the Company’s consolidated EBITDA (as defined in the Amended Credit Agreement) computed for the period of four consecutive fiscal quarters most recently ended.  The base rate for revolving loans will be the highest of (i) the federal funds rate plus 0.50 %, (ii) the syndication agent’s prime rate, (iii) the daily LIBOR rate plus 1.00 % or (iv) 0.00%. The applicable margin for base rate loans will vary between 0.50 % to 1.50 %.  The LIBOR rate for revolving loans shall not be less than 0 % and the applicable margin for LIBOR rate revolving loans will vary between 1.50 % and 2.50 %.  For LIBOR rate revolving loans, the Company may choose to set the duration on individual borrowings for periods of one, two, three or six months, with the interest rate based on the applicable LIBOR rate for the corresponding duration. At March 31, 2020, there were no borrowings under the 2018 Revolving Credit Facility. After reductions for outstanding letters of credit secured by these facilities, we had $ 495.8 million of additional borrowings available under the revolving credit facilities at March 31, 2020. The Amended Credit Facility contains customary restrictive covenants including, but not limited to, limitations on use of loan proceeds, limitations on the Company’s ability to pay dividends and repurchase stock, limitations on acquisitions and dispositions, and limitations on certain types of investments. The Amended Credit Facility also contains standard provisions relating to conditions of borrowing and customary events of default, including the non-payment of obligations by the Company and the bankruptcy of the Company. Specific to the 2018 Revolving Facility, the Company is subject to a financial covenant regarding the Company’s maximum leverage ratio. If an event of default occurs, all amounts outstanding under the Amended Credit Facility agreement may be accelerated and become immediately due and payable. At March 31, 2020, we were in compliance with the covenants of the Amended Credit Facility. Credit Facility On February 14, 2017, the Company entered into the Credit Facility with a group of lenders to refinance its then outstanding credit facility debt and to provide liquidity for ongoing working capital requirements and general corporate purposes. The Credit Facility consisted of a $ 400 million secured revolving line of credit with a term of five year s, a $ 357.5 million secured term loan facility with a term of seven year s and a € 250 million secured Euro term loan facility with a term of seven year s. For further discussion of the Company’s Credit Facility, refer to Note 9 in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. International Receivable Sales Programs We have several international programs to sell without recourse trade accounts receivable to financial institutions. These transactions are treated as a sale and are accounted for as a reduction in accounts receivable because the agreements transfer effective control over and risk related to the receivables to the buyers. The Company continues to service the receivables sold in exchange for a fee. The servicing fee for the three months ended March 31, 2020, was immaterial. The program, whose maximum capacity is € 100 million, is scheduled to expire in December 31, 2023 . Generally, at the transfer date, the Company receives cash equal to approximately 65 % of the value of the sold receivable. Cash proceeds at the transfer date from these arrangements are reflected in operating activities in our consolidated statement of cash flows. The proceeds from the deferred purchase price are reflected in investing activities. The outstanding principal amount of receivables sold under this program was $ 20.9 million at March 31, 2020 and $ 19.3 million at December 31, 2019. The carrying amount of deferred purchase price was $ 7.4 million at March 31, 2020 and $ 6.6 million at December 31, 2019 and is recorded in Other receivables. Trade accounts receivable collected to be remitted were $ 12.8 million at March 31, 2020 and December 31, 2019 and is recorded in Accrued expenses and other current liabilities. As discussed in Note 4, during the fourth quarter of 2019, we entered into a definitive agreement to sell our Tile Coatings business. As such, our Tile Coatings business was classified as held-for-sale. At March 31, 2020 and December 31, 2019, $ 48.2 million and $ 52.6 million, respectively, of the outstanding principal amount of receivables sold under this program pertained to the Tile Coatings business. The carrying amount of the deferred purchase price at March 31, 2020 and December 31, 2019 was $ 20.6 million and $ 20.5 million, respectively. Both are recorded in Current assets held-for-sale in our consolidated balance sheets. Activity from these programs for the three months ended March 31, 2020 and 2019 is detailed below: Three Months Ended March 31, (Dollars in thousands) 2020 2019 Trade accounts receivable sold to financial institutions $ 50,537 $ 9,117 Cash proceeds from financial institutions (1) 35,390 6,554 (1) In the three months ended March 31, 2020 and 2019, our Tile Coatings business received cash proceeds from financial institutions of $ 29.7 million and $ 29.9 million, respectively. Refer to Note 4 for additional discussion of the Tile Coatings business and its classification as discontinued operations . Other Financing Arrangements We maintain other lines of credit to provide global flexibility for our short-term liquidity requirements. These facilities are uncommitted lines for our international operations and totaled $ 28.1 million at March 31, 2020 and December 31, 2019. The unused portions of these lines provided additional liquidity of $ 25.0 million at March 31, 2020 and December 31, 2019.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2020
Financial Instruments [Abstract]
Financial Instruments	9. Financial Instruments The following financial instrument assets (liabilities) are presented at their respective carrying amount, fair value and classification within the fair value hierarchy: March 31, 2020 Carrying Fair Value (Dollars in thousands) Amount Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 43,018 $ 43,018 $ 43,018 $ — $ — Term loan facility - Amended Credit Facility (1) ( 799,950 ) ( 709,631 ) — ( 709,631 ) — Other long-term notes payable ( 3,482 ) ( 1,594 ) — ( 1,594 ) — Cross currency swaps 27,833 27,833 — 27,833 — Interest rate swaps ( 26,773 ) ( 26,773 ) — ( 26,773 ) — Foreign currency forward contracts, net ( 947 ) ( 947 ) — ( 947 ) — December 31, 2019 Carrying Fair Value (Dollars in thousands) Amount Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 96,202 $ 96,202 $ 96,202 $ — $ — Term loan facility - Amended Credit Facility (1) ( 801,764 ) ( 799,750 ) — ( 799,750 ) — Other long-term notes payable ( 3,496 ) ( 1,557 ) — ( 1,557 ) — Cross currency swaps 22,111 22,111 — 22,111 — Interest rate swaps ( 14,698 ) ( 14,698 ) — ( 14,698 ) — Foreign currency forward contracts, net 601 601 — 601 — (1) The carrying value of the term loan facility is net of unamortized debt issuance costs of $ 3.7 million and $ 3.9 million for the period ended March 31, 2020, and December 31, 2019, respectively. The fair values of cash and cash equivalents are based on the fair values of identical assets. The fair value of the term loan facility is based on market price information and is measured using the last available bid price of the instrument on a secondary market. The revolving credit facility and other long-term notes payable are based on the present value of expected future cash flows and interest rates that would be currently available to the Company for issuance of similar types of debt instruments with similar terms and remaining maturities adjusted for the Company's performance risk. The fair values of our interest rate swaps and cross currency swaps are determined based on inputs that are readily available in public markets or can be derived from information available in publicly quoted markets. The fair values of the foreign currency forward contracts are based on market prices for comparable contracts. Derivative Instruments The Company may use derivative instruments to partially offset its business exposure to foreign currency and interest rate risk on expected future cash flows, on net investments in certain foreign subsidiaries and on certain existing assets and liabilities. However, the Company may choose not to hedge in countries where it is not economically feasible to enter into hedging arrangements or where hedging inefficiencies exist, such as timing of transactions. Derivatives Designated as Hedging Instruments Cash Flow Hedges. For derivative instruments that are designated and qualify as cash flow hedges, the gain or loss on the derivative is recorded as a component of Accumulated other comprehensive loss (“AOCL”) and reclassified into earnings in the same period during which the hedged transaction affects earnings. The Company utilizes interest rate swaps to limit exposure to market fluctuations on floating-rate debt. During the second quarter of 2018, the Company entered into variable to fixed interest rate swaps with a maturity date of February 14, 2024 . The notional amount is $ 313.6 million at March 31, 2020. These swaps are hedging risk associated with the Tranche B-1 Loans. These interest rate swaps are designated as cash flow hedges. As of March 31, 2020, the Company expects it will reclassify net losses of approximately $ 7.1 million, currently recorded in AOCL, into interest expense in earnings within the next twelve months. However, the actual amount reclassified could vary due to future changes in the fair value of these derivatives. The Company has converted a U.S. dollar denominated, variable rate debt obligation into a Euro fixed rate obligation using receive-float, pay-fixed cross currency swaps in the second quarter of 2018. These swaps are hedging currency and interest rate risk associated with the Tranche B-3 Loans. These cross currency swaps are designated as cash flow hedges. The notional amount is $ 225.4 million at March 31, 2020, with a maturity date of February 14, 2024 . As of March 31, 2020, the Company expects it will reclassify net gains of approximately $ 1.7 million, currently recorded in AOCL, into interest expense in earnings within the next twelve months. However , the actual amount reclassified could vary due to future changes in the fair value of these derivatives. The amount of gain (loss) recognized in AOCL and the amount of loss (gain) reclassified into earnings for the three months ended March 31, 2020 and 2019, follow: Amount of Loss (Gain) Amount of Gain (Loss) Reclassified from Location of Gain (Loss) Recognized in AOCL AOCL into Income Reclassified from (Dollars in thousands) 2020 2019 2020 2019 AOCL into Income Interest rate swaps $ ( 12,874 ) $ ( 4,107 ) $ ( 498 ) $ 178 Interest expense Cross currency swaps 5,258 5,080 1,168 1,632 Interest expense $ 670 $ 1,810 Total Interest expense Cross currency swap 3,622 4,944 Foreign currency losses, net $ 3,622 $ 4,944 Total Foreign currency losses, net The total amounts of expense and the respective line items in which the effect of cash flow hedges is presented in the condensed consolidated statement of operations for the three months ended March 31, 2020 and 2019, are as follows: March 31, March 31, (Dollars in thousands) 2020 2019 Interest expense $ 5,530 $ 6,295 Foreign currency losses (gains), net ( 1,315 ) 1,964 Net Investment Hedges. For derivatives that are designated and qualify as net investment hedges, the gain or loss on the derivative is reported as a component of the currency translation adjustment in AOCL. These cross currency swaps are designated as hedges of our net investment in European operations. Time value is excluded from the assessment of effectiveness and the amount of interest paid or received on the swaps will be recognized as an adjustment to interest expense in earnings over the life of the swaps. In the second quarter of 2018, the Company entered into cross currency swap agreements under which we pay variable rate interest in Euros and receive variable rate interest in U.S. dollars. The notional amount is € 96.0 million at March 31, 2020, with a maturity date of February 14, 2024 . These swaps are hedging risk associated with the net investment in Euro denominated operations due to fluctuating exchange rates and are designated as net investment hedges. The changes in the fair value of these designated cross-currency swaps will be recognized in AOCL. The amount of gain on net investment hedges recognized in AOCL, the amount reclassified into earnings and the amount of gain recognized in income on derivative (amount excluded from effectiveness testing) for the three months ended March 31, 2020 and 2019, follow: Amount of Gain Amount of Gain Recognized in Income on Amount of Gain Reclassified from Derivative (Amount Excluded Location of Gain Recognized in AOCL AOCL into Income from Effectiveness Testing) in Earnings (Dollars in thousands) 2020 2019 2020 2019 2020 2019 Cross currency swaps $ 2,659 $ 3,737 $ — $ — $ 780 $ 1,001 Interest expense Derivatives Not Designated as Hedging Instruments Foreign Currency Forward Contracts. We manage foreign currency risks principally by entering into forward contracts to mitigate the impact of currency fluctuations on transactions. These forward contracts are not formally designated as hedges. Gains and losses on these foreign currency forward contracts are netted with gains and losses from currency fluctuations on transactions arising from international trade and reported as Foreign currency losses, net in the condensed consolidated statements of operations. We recognized net gains of $ 0.3 million in the three months ended March 31, 2020 and net gains of $ 1.5 million in the three months ended March 31, 2019, respectively, arising from the change in fair value of our financial instruments, which partially offset the related net gains and losses on international trade transactions. The notional amount of foreign currency forward contracts was $ 618.0 million at March 31, 2020 and $ 625.9 million at December 31, 2019. The following table presents the effect on our condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019, respectively, of our foreign currency forward contracts: Amount of Gain (Loss) Recognized in Earnings Three Months Ended March 31, Location of Gain (Loss) in Earnings (Dollars in thousands) 2020 2019 Foreign currency forward contracts $ 268 $ 1,524 Foreign currency losses, net Location and Fair Value Amount of Derivative Instruments The following table presents the fair values of our derivative instruments on our condensed consolidated balance sheets. All derivatives are reported on a gross basis. March 31, December 31, (Dollars in thousands) 2020 2019 Balance Sheet Location Asset derivatives: Cross currency swaps $ 3,270 $ 6,711 Other current assets Cross currency swaps 24,563 15,400 Other non-current assets Foreign currency forward contracts 1,189 1,474 Other current assets Liability derivatives: Interest rate swaps $ ( 7,054 ) $ ( 3,723 ) Accrued expenses and other current liabilities Interest rate swaps ( 19,719 ) ( 10,975 ) Other non-current liabilities Foreign currency forward contracts ( 2,136 ) ( 873 ) Accrued expenses and other current liabilities

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Taxes [Abstract]
Income Taxes	10. Income Taxes Income tax expense for the three months ended March 31, 2020 was $ 5.1 million, or 24.3 % of pre-tax income. Income tax expense for the three months ended March 31, 2019 was $ 2.9 million, or 24.7 % of pre-tax income. The tax expense during the three months ended March 31, 2020 and March 31, 2019, as a percentage of pre-tax income, is higher than the U.S. federal statutory income tax rate of 21 % primarily as a result of foreign statutory rate differences. In response to the COVID-19 outbreak, various global legislation was passed in March 2020. The Company is still assessing the applicability of the stimulus elements within the global legislation, however, it is not expected to have a material impact on the income taxes in the Company's consolidated financial statements.

Contingent Liabilities

Contingent Liabilities	3 Months Ended
	Mar. 31, 2020
Contingent Liabilities [Abstract]
Contingent Liabilities	11. Contingent Liabilities We have recorded environmental liabilities of $ 5.7 million at March 31, 2020 and $ 7.2 million at December 31, 2019, for costs associated with the remediation of certain of our current or former properties that have been contaminated. The balance at March 31, 2020 and December 31, 2019, were primarily comprised of liabilities related to a non-operating facility in Brazil, and for retained environmental obligations related to a site in the United States that was part of the sale of our North American and Asian metal powders product line in 2013. These costs include, but are not limited to, legal and consulting fees, site studies, the design and implementation of remediation plans, post-remediation monitoring, and related activities. The ultimate liability could be affected by numerous uncertainties, including the extent of contamination found, the required period of monitoring, the ultimate cost of required remediation, and other circumstances. In November 2017, Suffolk County Water Authority filed a complaint, Suffolk County Water Authority v. The Dow Chemical Company et al., against the Company and a number of other companies in the U.S. Federal Court for the Eastern District of New York with regard to the product 1,4 dioxane. The plaintiff alleges, among other things, that the Suffolk County water supply is contaminated with 1,4 dioxane and that the defendants are liable for unspecified costs of cleanup and remediation of the water supply, among other damages. The Company has not manufactured 1,4 dioxane since 2008, denies the allegations related to liability for the plaintiff’s claims, and is vigorously defending this proceeding. Since December 2018, additional complaints were filed in the same court by 25 other New York municipal water suppliers and in New York State Supreme Court by one water supplier against the Company and others making substantially similar allegations regarding the contamination of their respective water supplies with 1,4 dioxane. The Company is likewise vigorously defending these additional actions. The Company currently does not expect the outcome of these proceedings to have a material adverse impact on its consolidated financial condition, results of operations, or cash flows, net of any insurance coverage. However, it is not possible to predict the ultimate outcome of these proceedings due to the unpredictable nature of litigation. In 2013, the Supreme Court in Argentina ruled favorably related to certain export taxes associated with a divested operation. The liability recorded at March 31, 2020 and December 31, 2019 is $ 0.5 million and $ 0.6 million, respectively. In addition to the proceedings described above, the Company and its consolidated subsidiaries are subject from time to time to various claims, lawsuits, investigations, and proceedings related to products, services, contracts, environmental, health and safety, employment, intellectual property, and other matters, including with respect to divested businesses. The outcome of such matters is unpredictable, our assessment of them may change, and resolution of them could have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows. We do not currently expect the resolution of such matters to materially affect the consolidated financial position, results of operations, or cash flows of the Company.

Retirement Benefits

Retirement Benefits	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Retirement Benefits	12. Retirement Benefits Net periodic benefit cost (credit) of our U.S. pension plans (including our unfunded nonqualified plans), non-U.S. pension plans, and postretirement health care and life insurance benefit plans for the three months ended March 31, 2020 and 2019, respectively, follow: U.S. Pension Plans Non-U.S. Pension Plans Other Benefit Plans Three Months Ended March 31, (Dollars in thousands) 2020 2019 2020 2019 2020 2019 Service cost $ 3 $ 3 $ 285 $ 281 $ 1 $ 1 Interest cost 2,387 2,963 330 469 132 175 Expected return on plan assets ( 3,708 ) ( 3,153 ) ( 112 ) ( 166 ) — — Amortization of prior service cost — — ( 5 ) 5 — — Net periodic benefit (credit) cost $ ( 1,318 ) $ ( 187 ) $ 498 $ 589 $ 133 $ 176 Interest cost, expected return on plan assets and amortization of prior service cost are recorded in Miscellaneous expense (income), net on the condensed consolidated statement of operations.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Stock-Based Compensation	13. Stock-Based Compensation On May 3, 2018, our shareholders approved the 2018 Omnibus Incentive Plan (the “Plan”), which was adopted by the Board of Directors on February 22, 2018. The Plan’s purpose is to promote the Company’s long-term financial interests and growth by attracting, retaining and motivating high-quality key employees and directors, motivating such employees and directors to achieve the Company’s short- and long-range performance goals and objectives, and thereby align their interests with those of the Company’s shareholders. The Plan reserves 4,500,000 shares of common stock to be issued for grants of several different types of long-term incentives including stock options, stock appreciation rights, restricted awards, performance awards, other common stock-based awards, and dividend equivalent rights. The Plan replaced the 2013 Omnibus Incentive Plan (the “Previous Plan”), and no future grants may be made under the Previous Plan. However, any outstanding awards or grants made under the Previous Plan will continue until the end of their specified terms. In the first quarter of 2020, our Board of Directors granted 0.3 million stock options, 0.2 million performance share units, and 0.2 million restricted stock units under the Plan. We estimate the fair value of each stock option on the date of grant using the Black-Scholes option pricing model. The following table details the weighted-average grant-date fair values and the assumptions used for estimating the fair values of stock option grants made during the three months ended March 31, 2020: Stock Options Weighted-average grant-date fair value $ 5.28 Expected life, in years 5.2 Risk-free interest rate 1.4 % Expected volatility 35.1 % The weighted average grant date fair value of our performance share units granted in the three months ended March 31, 2020, was $ 14.64 . We measure the fair value of performance share units based on the closing market price of our common stock on the date of the grant. These shares are evaluated each reporting period for respective attainment rates against the performance criteria. The weighted-average grant date fair value of our restricted share units granted in the three months ended March 31, 2020, was $ 14.64 . We measure the fair value of restricted share units based on the closing market price of our common stock on the date of the grant. The restricted share units vest over three year s. We recognized stock-based compensation expense of $ 2.8 million for the three months ended March 31, 2020 and 2019. At March 31, 2020, unearned compensation cost related to the unvested portion of all stock-based compensation awards was approximately $ 12.8 million and is expected to be recognized over the remaining vesting period of the respective grants, through the first quarter of 2022.

Restructuring And Optimization

Restructuring And Optimization Programs	3 Months Ended
	Mar. 31, 2020
Restructuring And Optimization Programs [Abstract]
Restructuring And Optimization Programs	14. Restructuring and Optimization Programs Total restructuring charges were $ 1.2 million and $ 1.7 million for the three months ended March 31, 2020 and March 31, 2019, respectively. As discussed in Note 4, our Tile Coatings business was classified as held-for-sale during the fourth quarter of 2019. As such, there were additional restructuring charges of $ 0.3 million and $ 0.4 million for the three months ended March 31, 2020 and March 31, 2019 classified as Net income from discontinued operations, net of income taxes. In the second quarter of 2019, we developed and initiated a program across the organization with the objective of realigning the business and lowering our cost structure. The program involves our global operations and certain functions and initiatives to increase operational efficiencies, some of which is associated with integration of our recent acquisitions. As a result of these actions, the Company expects to incur total charges of approximately $ 8.0 million, substantially all of which will be for severance costs expected. The remaining activities of the program are expected to be recognized within the next 12 months. Charges associated with the program were $ 0.2 million for the three months ended March 31, 2020. The charges associated with these programs are further summarized below. Employee Other (Dollars in thousands) Severance Costs Total Balances at December 31, 2019 $ 747 $ 1,492 $ 2,239 Restructuring charges 658 507 1,165 Cash payments ( 394 ) ( 464 ) ( 858 ) Non-cash items ( 23 ) ( 11 ) ( 34 ) Balances at March 31, 2020 $ 988 $ 1,524 $ 2,512 We expect to make cash payments to settle the remaining liability for employee severance benefits and other costs over the next twelve month s, except where legal or contractual obligations would require it to extend beyond that period.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	15. Leases The Company has leases for equipment, office space, plant sites and distribution centers. Certain of these leases include options to extend the lease and some include options to terminate the lease early. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the related lease expense is recognized on a straight-line basis over the lease term. There are no leases that have not yet commenced that create significant rights and obligations for the Company. The components of lease cost are shown below: Three Months Ended March 31, (Dollars in thousands) 2020 2019 Income Statement Location Operating lease cost (1) $ 1,259 $ 1,360 Selling, general and administrative expenses Operating lease cost (2) 2,131 2,234 Cost of sales Finance lease cost Amortization of right-of-use assets 72 51 Cost of sales Interest of lease liabilities 7 3 Interest expense Net lease cost $ 3,469 $ 3,648 (1) Included in operating lease cost is $ 0.2 million of short-term lease costs for the three months ended March 31, 2020 and March 31, 2019 and $ 0.1 million of variable lease costs for the three months ended March 31, 2020 and March 31, 2019. (2) Included in operating lease cost is $ 0.6 million of short-term lease costs for the three months ended March 31, 2020 and March 31, 2019 and $ 0.3 million and $ 0.2 million of variable lease costs for the three months ended March 31, 2020 and March 31, 2019, respectively. Supplemental balance sheet information related to leases are shown below: March 31, December 31, (Dollars in thousands) 2020 2019 Balance Sheet Location Assets Operating leased assets $ 17,294 $ 20,088 Operating leased assets Finance leased assets (1) 805 859 Property, plant and equipment, net Total leased assets $ 18,099 $ 20,947 Liabilities Current Operating $ 5,822 $ 6,515 Accrued expenses and other current liabilities Finance 466 438 Loans payable and current portion of long-term debt Noncurrent Operating 11,973 14,474 Operating lease non-current liabilities Finance 1,849 1,867 Long-term debt, less current portion Total lease liabilities $ 20,110 $ 23,294 (1) Finance leases are net of accumulated depreciation of $ 3.4 million and $ 3.4 million for March 31, 2020 and December 31, 2019, respectively. Supplemental cash flow information related to leases are shown below: Three Months Ended March 31, (Dollars in thousands) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from finance leases $ 7 $ 3 Operating cash flows from operating leases 2,019 2,260 Financing cash flows from finance leases 65 45 Leased assets obtained in exchange for new finance lease liabilities 104 129 Leased assets obtained in exchange for new operating lease liabilities 1,499 24,035 March 31, 2020 Weighted-average remaining lease term (years) Operating leases 4.1 Finance leases 5.9 Weighted-average discount rate Operating leases 4.0 % Finance leases 5.3 % Maturities of lease liabilities are shown below as of March 31, 2020: (Dollars in thousands) Capital Leases Operating Leases Remaining in 2020 $ 567 $ 5,996 2021 520 5,666 2022 504 3,246 2023 448 1,929 2024 346 1,044 2025 279 789 Thereafter 418 1,688 Net minimum lease payments $ 3,082 $ 20,358 Less: interest 767 2,563 Present value of lease liabilities $ 2,315 $ 17,795

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	16. Earnings Per Share Details of the calculation of basic and diluted earnings per share are shown below: Three Months Ended March 31, (Dollars in thousands, except per share amounts) 2020 2019 Basic earnings per share computation: Income from continuing operations $ 15,912 $ 8,801 Less: Net income attributable to noncontrolling interests from continuing operations 33 169 Net income attributable to Ferro Corporation from continuing operations 15,879 8,632 Income from discontinued operations, net of income taxes 221 5,077 Less: Net income attributable to noncontrolling interests from discontinued operations ( 23 ) 105 Net income attributable to Ferro Corporation from discontinued operations 244 4,972 Total $ 16,123 $ 13,604 Weighted-average common shares outstanding 82,096 82,480 Basic earnings per share from continuing operations attributable to Ferro Corporation common shareholders $ 0.19 $ 0.10 Diluted earnings per share computation: Net income attributable to Ferro Corporation common shareholders $ 15,879 $ 8,632 Adjustment for income from discontinued operations 244 4,972 Total $ 16,123 $ 13,604 Weighted-average common shares outstanding 82,096 82,480 Assumed exercise of stock options 297 596 Assumed satisfaction of restricted stock unit conditions 85 145 Assumed satisfaction of performance share unit conditions 44 80 Weighted-average diluted shares outstanding 82,522 83,301 Diluted earnings per share from continuing operations attributable to Ferro Corporation common shareholders $ 0.19 $ 0.10 The number of anti-dilutive shares were 3.0 million for the three months ended March 31, 2020 and 2.2 million for the three months ended March 31, 2019. These shares are excluded from the calculation of diluted earnings per share due to their anti-dilutive impact.

Share Repurchase Program

Share Repurchase Program	3 Months Ended
	Mar. 31, 2020
Stockholders' Equity Attributable to Parent [Abstract]
Share Repurchase Program	17. Share Repurchase Program The Company’s Board of Directors has approved a share repurchase program under which the Company is authorized to repurchase up to $ 150 million of the Company’s outstanding shares of common stock on the open market, including through a Rule 10b5-1 plan, or in privately negotiated transactions. The timing and amount of shares to be repurchased will be determined by the Company, based on evaluation of market and business conditions, share price, and other factors. The share repurchase programs do not obligate the Company to repurchase any dollar amount or number of common shares, and may be suspended or discontinued at any time. As of March 31, 2020, $ 46.2 million re mains authorized under the program for the repurchase of common stock.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	18. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component, net of tax, were as follows: Three Months Ended March 31, Postretirement Foreign Net Gain (Loss) Benefit Liability Currency on Cash Flow (Dollars in thousands) Adjustments Items Hedges Total Balances at December 31, 2018 $ 1,126 $ ( 103,190 ) $ ( 3,297 ) $ ( 105,361 ) Other comprehensive income before reclassifications, before tax — 4,036 973 5,009 Reclassification to earnings: Cash flow hedge loss, before tax — — ( 6,754 ) ( 6,754 ) Current period other comprehensive income (loss), before tax — 4,036 ( 5,781 ) ( 1,745 ) Tax effect — 634 ( 1,467 ) ( 833 ) Current period other comprehensive income (loss), net of tax — 3,402 ( 4,314 ) ( 912 ) Balances at March 31, 2019 $ 1,126 $ ( 99,788 ) $ ( 7,611 ) $ ( 106,273 ) Balances at December 31, 2019 $ 1,206 $ ( 97,575 ) $ ( 13,007 ) $ ( 109,376 ) Other comprehensive loss before reclassifications, before tax — ( 17,837 ) ( 7,616 ) ( 25,453 ) Reclassification to earnings: Cash flow hedge loss, before tax — — ( 4,292 ) ( 4,292 ) Current period other comprehensive loss, before tax — ( 17,837 ) ( 11,908 ) ( 29,745 ) Tax effect — 435 ( 2,868 ) ( 2,433 ) Current period other comprehensive loss, net of tax — ( 18,272 ) ( 9,040 ) ( 27,312 ) Balances at March 31, 2020 $ 1,206 $ ( 115,847 ) $ ( 22,047 ) $ ( 136,688 )

Reporting For Segments

Reporting For Segments	3 Months Ended
	Mar. 31, 2020
Reporting For Segments [Abstract]
Reporting For Segments	19. Reporting for Segments As discussed in Note 4, during the fourth quarter of 2019, we entered into a definitive agreement to sell our Tile Coatings business which has historically been the majority of our Performance Coatings reportable segment. Substantially all of the assets and liabilities of our Tile Coatings business were classified as held-for-sale in the accompanying consolidated balance sheets and results are included within discontinued operation in the consolidated statement of operations for all periods presented. The retained assets, liabilities and operations of the Performance Coatings reportable segment are reflected within our Functional Coatings reportable segment. Net sales to external customers by segment are presented in the table below. Sales between segments were not material. Three Months Ended March 31, (Dollars in thousands) 2020 2019 Functional Coatings $ 155,435 $ 167,026 Color Solutions 96,891 96,356 Total net sales $ 252,326 $ 263,382 Each segment’s gross profit and reconciliation to income before income taxes are presented in the table below: Three Months Ended March 31, (Dollars in thousands) 2020 2019 Functional Coatings $ 47,817 $ 48,230 Color Solutions 33,787 28,396 Other cost of sales ( 866 ) 1,233 Total gross profit 80,738 77,859 Selling, general and administrative expenses 56,046 56,931 Restructuring and impairment charges 1,165 1,740 Other expense, net 2,498 7,494 Income before income taxes $ 21,029 $ 11,694

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policy)	3 Months Ended
	Mar. 31, 2020
Recent Accounting Pronouncements [Abstract]
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards This section provides a description of new accounting pronouncements ("Accounting Standard Update" or "ASU") issued by the Financial Accounting Standards Board ("FASB") that are applicable to the Company. The following ASUs were adopted as of January 1, 2020 and did not have a material impact on the consolidated financial statements: Standard Description ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , issued December, 2019 Simplifies the accounting for income taxes by removing certain exceptions and by: altering the recognition of franchise tax partially based on income; requiring evaluation of proper treatment of a step up in the tax basis of goodwill; specifying requirements regarding the allocation of tax expense to a legal entity that is not subject to tax; requiring the effect of an enacted change in tax laws or rates be reflected in the annual effective tax rate computation in the interim period that includes the enactment date, and; other minor codification improvements. ASU 2019-12 was early adopted by the Company. ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , issued June 2016 Changes the way entities recognize impairment of financial assets by requiring immediate recognition of estimated credit losses expected to occur over the remaining life of the financial asset. Additional disclosures are required regarding an entity’s assumptions, models and methods for estimating the expected credit loss.
New Accounting Standards Not Yet Adopted	New Accounting Standards Not Yet Adopted We are currently evaluating the impact on our financial statements of the following ASUs: Standard Description ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , issued March, 2020 Provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this ASU are effective for all entities through December 31, 2022. ASU No. 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans , issued August, 2018 Modifies disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. This ASU is effective for fiscal years beginning after December 15, 2020 and is to be applied using a retrospective approach for all periods presented. Early adoption is permitted. No other new accounting pronouncements issued had, or are expected to have, a material impact on the Company’s consolidated financial statements.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue [Abstract]
Revenues Disaggregated By Geography And Reportable Segment	Revenues disaggregated by geography and reportable segment for the three months ended March 31, 2020, follow: (Dollars in thousands) EMEA United States Asia Pacific Latin America Total Functional Coatings $ 75,857 $ 46,694 $ 21,756 $ 11,128 $ 155,435 Color Solutions 37,889 41,159 9,296 8,547 96,891 Total net sales $ 113,746 $ 87,853 $ 31,052 $ 19,675 $ 252,326 Revenues disaggregated by geography and reportable segment for the three months ended March 31, 2019, follow: (Dollars in thousands) EMEA United States Asia Pacific Latin America Total Functional Coatings $ 78,265 $ 51,979 $ 22,898 $ 13,884 $ 167,026 Color Solutions 35,567 43,599 8,825 8,365 96,356 Total net sales $ 113,832 $ 95,578 $ 31,723 $ 22,249 $ 263,382

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2020
Discontinued Operations [Abstract]
Summary Of Discontinued Operations	The table below summarizes results for the Tile Coatings business for the three months ended March 31, 2020 and 2019 which are reflected in our consolidated statements of operations as discontinued operations. Interest expense has been allocated to the discontinued operations based on the ratio of net assets of the business to consolidated net assets excluding debt. Three Months Ended March 31, (Dollars in thousands) 2020 2019 Net sales $ 114,750 $ 124,166 Cost of sales 86,902 100,169 Gross profit 27,848 23,997 Selling, general and administrative expenses 18,808 15,149 Restructuring and impairment charges 279 387 Interest expense 2,231 2,989 Interest earned ( 24 ) ( 15 ) Foreign currency losses (gains), net 5,765 ( 1,226 ) Miscellaneous expense, net 542 229 Income from discontinued operations before income taxes 247 6,484 Income tax expense 26 1,407 Income from discontinued operations, net of income taxes 221 5,077 Less: Net income (loss) attributable to noncontrolling interests ( 23 ) 105 Net income attributable to Tile Coatings business $ 244 $ 4,972 The following table summarizes the assets and liabilities which are classified as held-for-sale at March 31, 2020 and December 31, 2019: March 31, December 31, (Dollars in thousands) 2020 2019 Cash and cash equivalents $ 8,200 $ 8,200 Accounts receivable, net 158,035 156,645 Inventories 98,502 101,127 Other receivables 21,747 22,442 Other current assets 2,841 3,006 Current assets held-for-sale 289,325 291,420 Property, plant and equipment, net 95,495 97,185 Goodwill 3 3 Amortizable intangible assets, net 39,293 39,692 Deferred income taxes 14,135 14,425 Other non-current assets 6,387 7,049 Non-current assets held-for-sale 155,313 158,354 Total assets held-for-sale $ 444,638 $ 449,774  Loans payable and current portion of long-term debt $ 4,053 $ 3,678 Accounts payable 84,719 96,998 Accrued payrolls 3,637 4,838 Accrued expenses and other current liabilities 29,957 28,266 Current liabilities held-for-sale 122,366 133,780 Long-term debt, less current portion 25,331 25,805 Postretirement and pension liabilities 7,629 7,473 Other non-current liabilities 4,660 5,063 Non-current liabilities held-for-sale 37,620 38,341 Total liabilities held-for-sale $ 159,986 $ 172,121 The following table summarizes cash flow data relating to discontinued operations for the three months ended March 31, 2020 and 2019: Three Months Ended March 31, (Dollars in thousands) 2020 2019 Depreciation $ — $ 2,927 Amortization of intangible assets — 798 Capital expenditures ( 1,147 ) ( 4,982 ) Non-cash investing activities - capital expenditures, consisting of unpaid capital expenditure liabilities at period end 667 2,428

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventories [Abstract]
Inventories	March 31, December 31, (Dollars in thousands) 2020 2019 Raw materials $ 78,501 $ 80,176 Work in process 48,996 49,717 Finished goods 138,778 134,583 Total inventories $ 266,275 $ 264,476

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill And Other Intangible Assets [Abstract]
Details and Activity of Goodwill by Segment	Functional Color (Dollars in thousands) Coatings Solutions Total Goodwill, net at December 31, 2019 $ 121,902 $ 50,307 $ 172,209 Foreign currency adjustments ( 1,049 ) ( 382 ) ( 1,431 ) Goodwill, net at March 31, 2020 $ 120,853 $ 49,925 $ 170,778
Schedule Of Impairment Of Goodwill	March 31, December 31, (Dollars in thousands) 2020 2019 Goodwill, gross $ 229,245 $ 230,676 Accumulated impairment ( 58,467 ) ( 58,467 ) Goodwill, net $ 170,778 $ 172,209
Details of Amortizable Intangible Assets	March 31, December 31, (Dollars in thousands) 2020 2019 Gross amortizable intangible assets: Patents $ 5,394 $ 5,434 Land rights 2,931 2,900 Technology/know-how and other 112,894 112,940 Customer relationships 65,618 66,454 Total gross amortizable intangible assets 186,837 187,728 Accumulated amortization: Patents ( 5,373 ) ( 5,413 ) Land rights ( 1,449 ) ( 1,378 ) Technology/know-how and other ( 53,411 ) ( 50,973 ) Customer relationships ( 15,072 ) ( 14,831 ) Total accumulated amortization ( 75,305 ) ( 72,595 ) Amortizable intangible assets, net $ 111,532 $ 115,133
Schedule of Indefinite-Lived Intangible Assets	March 31, December 31, (Dollars in thousands) 2020 2019 Indefinite-lived intangibles assets: Trade names and trademarks $ 12,588 $ 12,682

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt [Abstract]
Loans Payable And Current Portion Of Long-Term Debt	March 31, December 31, (Dollars in thousands) 2020 2019 Current portion of long-term debt $ 8,730 $ 8,703 Current portion of long-term debt $ 8,730 $ 8,703
Summary Of Long-Term Debt	March 31, December 31, (Dollars in thousands) 2020 2019 Term loan facility, net of unamortized issuance costs, maturing 2024 (1) $ 799,950 $ 801,764 Capital lease obligations 2,315 2,305 Other notes 3,482 3,496 Total long-term debt 805,747 807,565 Current portion of long-term debt ( 8,730 ) ( 8,703 ) Long-term debt, less current portion $ 797,017 $ 798,862 (1) The carrying value of the term loan facility, maturing 2024, is net of unamortized debt issuance costs of $ 3.7 million at March 31, 2020, and $ 3.9 million at December 31, 2019.
Schedule Of Trade Accounts Receivable In International Receivable Sales Programs	Three Months Ended March 31, (Dollars in thousands) 2020 2019 Trade accounts receivable sold to financial institutions $ 50,537 $ 9,117 Cash proceeds from financial institutions (1) 35,390 6,554 (1) In the three months ended March 31, 2020 and 2019, our Tile Coatings business received cash proceeds from financial institutions of $ 29.7 million and $ 29.9 million, respectively. Refer to Note 4 for additional discussion of the Tile Coatings business and its classification as discontinued operations .

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Financial Instruments Assets (Liabilities) Measured At Fair Value	March 31, 2020 Carrying Fair Value (Dollars in thousands) Amount Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 43,018 $ 43,018 $ 43,018 $ — $ — Term loan facility - Amended Credit Facility (1) ( 799,950 ) ( 709,631 ) — ( 709,631 ) — Other long-term notes payable ( 3,482 ) ( 1,594 ) — ( 1,594 ) — Cross currency swaps 27,833 27,833 — 27,833 — Interest rate swaps ( 26,773 ) ( 26,773 ) — ( 26,773 ) — Foreign currency forward contracts, net ( 947 ) ( 947 ) — ( 947 ) — December 31, 2019 Carrying Fair Value (Dollars in thousands) Amount Total Level 1 Level 2 Level 3 Cash and cash equivalents $ 96,202 $ 96,202 $ 96,202 $ — $ — Term loan facility - Amended Credit Facility (1) ( 801,764 ) ( 799,750 ) — ( 799,750 ) — Other long-term notes payable ( 3,496 ) ( 1,557 ) — ( 1,557 ) — Cross currency swaps 22,111 22,111 — 22,111 — Interest rate swaps ( 14,698 ) ( 14,698 ) — ( 14,698 ) — Foreign currency forward contracts, net 601 601 — 601 — (1) The carrying value of the term loan facility is net of unamortized debt issuance costs of $ 3.7 million and $ 3.9 million for the period ended March 31, 2020, and December 31, 2019, respectively.
Schedule Of Gain (Loss) Recognized In AOCI And The Amount Of (Loss) Gain Reclassified Into Earnings	Amount of Loss (Gain) Amount of Gain (Loss) Reclassified from Location of Gain (Loss) Recognized in AOCL AOCL into Income Reclassified from (Dollars in thousands) 2020 2019 2020 2019 AOCL into Income Interest rate swaps $ ( 12,874 ) $ ( 4,107 ) $ ( 498 ) $ 178 Interest expense Cross currency swaps 5,258 5,080 1,168 1,632 Interest expense $ 670 $ 1,810 Total Interest expense Cross currency swap 3,622 4,944 Foreign currency losses, net $ 3,622 $ 4,944 Total Foreign currency losses, net
Summary Of Gain (Loss) Recognized In AOCI, The Amount Reclassified Into Earnings And The Amount Gain Recognized In Income On Derivative (Amount Excluded From Effectiveness Testing)	Amount of Gain Amount of Gain Recognized in Income on Amount of Gain Reclassified from Derivative (Amount Excluded Location of Gain Recognized in AOCL AOCL into Income from Effectiveness Testing) in Earnings (Dollars in thousands) 2020 2019 2020 2019 2020 2019 Cross currency swaps $ 2,659 $ 3,737 $ — $ — $ 780 $ 1,001 Interest expense
Fair Value Of Derivative Instruments On Consolidated Balance Sheets	March 31, December 31, (Dollars in thousands) 2020 2019 Balance Sheet Location Asset derivatives: Cross currency swaps $ 3,270 $ 6,711 Other current assets Cross currency swaps 24,563 15,400 Other non-current assets Foreign currency forward contracts 1,189 1,474 Other current assets Liability derivatives: Interest rate swaps $ ( 7,054 ) $ ( 3,723 ) Accrued expenses and other current liabilities Interest rate swaps ( 19,719 ) ( 10,975 ) Other non-current liabilities Foreign currency forward contracts ( 2,136 ) ( 873 ) Accrued expenses and other current liabilities
Net Investment Hedging [Member]
Effect On Derivative Instruments On Consolidated Statements Of Operations	March 31, March 31, (Dollars in thousands) 2020 2019 Interest expense $ 5,530 $ 6,295 Foreign currency losses (gains), net ( 1,315 ) 1,964
Not Designated as Hedging Instrument [Member]
Effect On Derivative Instruments On Consolidated Statements Of Operations	Amount of Gain (Loss) Recognized in Earnings Three Months Ended March 31, Location of Gain (Loss) in Earnings (Dollars in thousands) 2020 2019 Foreign currency forward contracts $ 268 $ 1,524 Foreign currency losses, net

Retirement Benefits (Tables)

Retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Net Periodic Benefit Cost (Credit)	U.S. Pension Plans Non-U.S. Pension Plans Other Benefit Plans Three Months Ended March 31, (Dollars in thousands) 2020 2019 2020 2019 2020 2019 Service cost $ 3 $ 3 $ 285 $ 281 $ 1 $ 1 Interest cost 2,387 2,963 330 469 132 175 Expected return on plan assets ( 3,708 ) ( 3,153 ) ( 112 ) ( 166 ) — — Amortization of prior service cost — — ( 5 ) 5 — — Net periodic benefit (credit) cost $ ( 1,318 ) $ ( 187 ) $ 498 $ 589 $ 133 $ 176

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Details Of Weighted-Average Grant-Date Fair Values And Assumptions Used For Estimating Fair Values	Stock Options Weighted-average grant-date fair value $ 5.28 Expected life, in years 5.2 Risk-free interest rate 1.4 % Expected volatility 35.1 %

Restructuring And Optimizatio_2

Restructuring And Optimization Programs (Tables)	3 Months Ended
	Mar. 31, 2020
Restructuring And Optimization Programs [Abstract]
Summary Of Accruals Related To Restructuring And Optimization Programs	Employee Other (Dollars in thousands) Severance Costs Total Balances at December 31, 2019 $ 747 $ 1,492 $ 2,239 Restructuring charges 658 507 1,165 Cash payments ( 394 ) ( 464 ) ( 858 ) Non-cash items ( 23 ) ( 11 ) ( 34 ) Balances at March 31, 2020 $ 988 $ 1,524 $ 2,512

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Components of Lease Costs	Three Months Ended March 31, (Dollars in thousands) 2020 2019 Income Statement Location Operating lease cost (1) $ 1,259 $ 1,360 Selling, general and administrative expenses Operating lease cost (2) 2,131 2,234 Cost of sales Finance lease cost Amortization of right-of-use assets 72 51 Cost of sales Interest of lease liabilities 7 3 Interest expense Net lease cost $ 3,469 $ 3,648 (1) Included in operating lease cost is $ 0.2 million of short-term lease costs for the three months ended March 31, 2020 and March 31, 2019 and $ 0.1 million of variable lease costs for the three months ended March 31, 2020 and March 31, 2019. (2) Included in operating lease cost is $ 0.6 million of short-term lease costs for the three months ended March 31, 2020 and March 31, 2019 and $ 0.3 million and $ 0.2 million of variable lease costs for the three months ended March 31, 2020 and March 31, 2019, respectively.
Supplemental Balance Sheet Information Related to Leases	March 31, December 31, (Dollars in thousands) 2020 2019 Balance Sheet Location Assets Operating leased assets $ 17,294 $ 20,088 Operating leased assets Finance leased assets (1) 805 859 Property, plant and equipment, net Total leased assets $ 18,099 $ 20,947 Liabilities Current Operating $ 5,822 $ 6,515 Accrued expenses and other current liabilities Finance 466 438 Loans payable and current portion of long-term debt Noncurrent Operating 11,973 14,474 Operating lease non-current liabilities Finance 1,849 1,867 Long-term debt, less current portion Total lease liabilities $ 20,110 $ 23,294 (1) Finance leases are net of accumulated depreciation of $ 3.4 million and $ 3.4 million for March 31, 2020 and December 31, 2019, respectively.
Supplemental Cash Flow Information Related to Leases	Three Months Ended March 31, (Dollars in thousands) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from finance leases $ 7 $ 3 Operating cash flows from operating leases 2,019 2,260 Financing cash flows from finance leases 65 45 Leased assets obtained in exchange for new finance lease liabilities 104 129 Leased assets obtained in exchange for new operating lease liabilities 1,499 24,035 March 31, 2020 Weighted-average remaining lease term (years) Operating leases 4.1 Finance leases 5.9 Weighted-average discount rate Operating leases 4.0 % Finance leases 5.3 %
Maturities of Lease Liabilities	(Dollars in thousands) Capital Leases Operating Leases Remaining in 2020 $ 567 $ 5,996 2021 520 5,666 2022 504 3,246 2023 448 1,929 2024 346 1,044 2025 279 789 Thereafter 418 1,688 Net minimum lease payments $ 3,082 $ 20,358 Less: interest 767 2,563 Present value of lease liabilities $ 2,315 $ 17,795

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Calculations Of Basic And Diluted Earnings Per Share	Three Months Ended March 31, (Dollars in thousands, except per share amounts) 2020 2019 Basic earnings per share computation: Income from continuing operations $ 15,912 $ 8,801 Less: Net income attributable to noncontrolling interests from continuing operations 33 169 Net income attributable to Ferro Corporation from continuing operations 15,879 8,632 Income from discontinued operations, net of income taxes 221 5,077 Less: Net income attributable to noncontrolling interests from discontinued operations ( 23 ) 105 Net income attributable to Ferro Corporation from discontinued operations 244 4,972 Total $ 16,123 $ 13,604 Weighted-average common shares outstanding 82,096 82,480 Basic earnings per share from continuing operations attributable to Ferro Corporation common shareholders $ 0.19 $ 0.10 Diluted earnings per share computation: Net income attributable to Ferro Corporation common shareholders $ 15,879 $ 8,632 Adjustment for income from discontinued operations 244 4,972 Total $ 16,123 $ 13,604 Weighted-average common shares outstanding 82,096 82,480 Assumed exercise of stock options 297 596 Assumed satisfaction of restricted stock unit conditions 85 145 Assumed satisfaction of performance share unit conditions 44 80 Weighted-average diluted shares outstanding 82,522 83,301 Diluted earnings per share from continuing operations attributable to Ferro Corporation common shareholders $ 0.19 $ 0.10

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Loss [Abstract]
Changes In Accumulated Other Comprehensive Loss By Component, Net Of Tax	Three Months Ended March 31, Postretirement Foreign Net Gain (Loss) Benefit Liability Currency on Cash Flow (Dollars in thousands) Adjustments Items Hedges Total Balances at December 31, 2018 $ 1,126 $ ( 103,190 ) $ ( 3,297 ) $ ( 105,361 ) Other comprehensive income before reclassifications, before tax — 4,036 973 5,009 Reclassification to earnings: Cash flow hedge loss, before tax — — ( 6,754 ) ( 6,754 ) Current period other comprehensive income (loss), before tax — 4,036 ( 5,781 ) ( 1,745 ) Tax effect — 634 ( 1,467 ) ( 833 ) Current period other comprehensive income (loss), net of tax — 3,402 ( 4,314 ) ( 912 ) Balances at March 31, 2019 $ 1,126 $ ( 99,788 ) $ ( 7,611 ) $ ( 106,273 ) Balances at December 31, 2019 $ 1,206 $ ( 97,575 ) $ ( 13,007 ) $ ( 109,376 ) Other comprehensive loss before reclassifications, before tax — ( 17,837 ) ( 7,616 ) ( 25,453 ) Reclassification to earnings: Cash flow hedge loss, before tax — — ( 4,292 ) ( 4,292 ) Current period other comprehensive loss, before tax — ( 17,837 ) ( 11,908 ) ( 29,745 ) Tax effect — 435 ( 2,868 ) ( 2,433 ) Current period other comprehensive loss, net of tax — ( 18,272 ) ( 9,040 ) ( 27,312 ) Balances at March 31, 2020 $ 1,206 $ ( 115,847 ) $ ( 22,047 ) $ ( 136,688 )

Reporting For Segments (Tables)

Reporting For Segments (Tables)	3 Months Ended
	Mar. 31, 2020
Reporting For Segments [Abstract]
Net Sales To External Customers By Segment	Three Months Ended March 31, (Dollars in thousands) 2020 2019 Functional Coatings $ 155,435 $ 167,026 Color Solutions 96,891 96,356 Total net sales $ 252,326 $ 263,382
Segment's Gross Profit And Reconciliations To Income Before Income Taxes	Three Months Ended March 31, (Dollars in thousands) 2020 2019 Functional Coatings $ 47,817 $ 48,230 Color Solutions 33,787 28,396 Other cost of sales ( 866 ) 1,233 Total gross profit 80,738 77,859 Selling, general and administrative expenses 56,046 56,931 Restructuring and impairment charges 1,165 1,740 Other expense, net 2,498 7,494 Income before income taxes $ 21,029 $ 11,694

Revenue (Revenues Disaggregated

Revenue (Revenues Disaggregated By Geography And Reportable Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total net sales	$ 252,326	$ 263,382
Functional Coatings [Member]
Disaggregation of Revenue [Line Items]
Total net sales	155,435	167,026
Color Solutions [Member]
Disaggregation of Revenue [Line Items]
Total net sales	96,891	96,356
EMEA [Member]
Disaggregation of Revenue [Line Items]
Total net sales	113,746	113,832
EMEA [Member] | Functional Coatings [Member]
Disaggregation of Revenue [Line Items]
Total net sales	75,857	78,265
EMEA [Member] | Color Solutions [Member]
Disaggregation of Revenue [Line Items]
Total net sales	37,889	35,567
United States [Member]
Disaggregation of Revenue [Line Items]
Total net sales	87,853	95,578
United States [Member] | Functional Coatings [Member]
Disaggregation of Revenue [Line Items]
Total net sales	46,694	51,979
United States [Member] | Color Solutions [Member]
Disaggregation of Revenue [Line Items]
Total net sales	41,159	43,599
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total net sales	31,052	31,723
Asia Pacific [Member] | Functional Coatings [Member]
Disaggregation of Revenue [Line Items]
Total net sales	21,756	22,898
Asia Pacific [Member] | Color Solutions [Member]
Disaggregation of Revenue [Line Items]
Total net sales	9,296	8,825
Latin America [Member]
Disaggregation of Revenue [Line Items]
Total net sales	19,675	22,249
Latin America [Member] | Functional Coatings [Member]
Disaggregation of Revenue [Line Items]
Total net sales	11,128	13,884
Latin America [Member] | Color Solutions [Member]
Disaggregation of Revenue [Line Items]
Total net sales	$ 8,547	$ 8,365

Discontinued Operations (Summar

Discontinued Operations (Summary Of Statements Of Operations As Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Income from discontinued operations, net of income taxes	$ 221	$ 5,077
Less: Net income attributable to noncontrolling interests	10	274
Net income attributable to Tile Coatings business	$ 16,123	13,604
Discontinued Operations [Member] | Tile Coatings [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net sales		114,750	$ 124,166
Cost of sales		86,902	100,169
Gross profit		27,848	23,997
Selling, general and administrative expenses		18,808	15,149
Restructuring and impairment charges		279	387
Interest expense		2,231	2,989
Interest earned		(24)	(15)
Foreign currency losses (gains), net		5,765	(1,226)
Miscellaneous expense, net		542	229
Income from discontinued operations before income taxes		247	6,484
Income tax expense		26	1,407
Income from discontinued operations, net of income taxes		221	5,077
Less: Net income attributable to noncontrolling interests		(23)	105
Net income attributable to Tile Coatings business		$ 244	$ 4,972

Discontinued Operations (Summ_2

Discontinued Operations (Summary Of Assets And Liabilities As Discontinued Operations) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 8,200		$ 8,200
Current assets held-for-sale	289,325	$ 291,420
Deferred income taxes	100,391	98,714
Non-current assets held-for-sale	155,313	158,354
Current liabilities held-for-sale	122,366	133,780
Non-current liabilities held-for-sale	37,620	38,341
Tile Coatings [Member] | Discontinued Operations, Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	8,200	8,200
Accounts receivable, net	158,035	156,645
Inventories	98,502	101,127
Other receivables	21,747	22,442
Other current assets	2,841	3,006
Current assets held-for-sale	289,325	291,420
Property, plant and equipment, net	95,495	97,185
Goodwill	3	3
Amortizable intangible assets, net	39,293	39,692
Deferred income taxes	14,135	14,425
Other non-current assets	6,387	7,049
Non-current assets held-for-sale	155,313	158,354
Total assets held-for-sale	444,638	449,774
Loans payable and current portion of long-term debt	4,053	3,678
Accounts payable	84,719	96,998
Accrued payrolls	3,637	4,838
Accrued expenses and other current liabilities	29,957	28,266
Current liabilities held-for-sale	122,366	133,780
Long-term debt, less current portion	25,331	25,805
Postretirement and pension liabilities	7,629	7,473
Other non-current liabilities	4,660	5,063
Non-current liabilities held-for-sale	37,620	38,341
Total liabilities held-for-sale	$ 159,986	$ 172,121

Discontinued Operations (Summ_3

Discontinued Operations (Summary Of Cash Flow Data Related To Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Non-cash investing activities - capital expenditures, consisting of of unpaid capital expenditure liabilities at period end	$ 1,900	$ 3,400
Tile Coatings [Member] | Discontinued Operations, Held-for-sale [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Depreciation		2,927
Amortization of intangible assets		798
Capital expenditure	(1,147)	(4,982)
Non-cash investing activities - capital expenditures, consisting of of unpaid capital expenditure liabilities at period end	$ 667	$ 2,428

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Inventories [Abstract]
Terms of precious metals consignment agreements, maximum	1 year
Fees under precious metals consignment agreements	$ 1.1	$ 1.1
Fair value of precious metals on hand under consignment agreements	$ 68.8		$ 66.2

Inventories (Inventories) (Deta

Inventories (Inventories) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventories [Abstract]
Raw materials	$ 78,501	$ 80,176
Work in process	48,996	49,717
Finished goods	138,778	134,583
Total inventories	$ 266,275	$ 264,476

Property, Plant And Equipment (

Property, Plant And Equipment (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment net of accumulated depreciation	$ 412,700		$ 412,900
Unpaid capital expenditure liabilities	1,900	$ 3,400
Discontinued Operations, Held-for-sale [Member] | Tile Coatings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment net of accumulated depreciation	135,300	137,600
Unpaid capital expenditure liabilities	$ 667	$ 2,428

Goodwill And Other Intangible_3

Goodwill And Other Intangible Assets (Details and Activity of Goodwill by Segment) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill net, beginning balance	$ 172,209
Foreign currency adjustment	(1,431)
Goodwill net, ending balance	170,778
Functional Coatings [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill net, beginning balance	121,902
Foreign currency adjustment	(1,049)
Goodwill net, ending balance	120,853
Color Solutions [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill net, beginning balance	50,307
Foreign currency adjustment	(382)
Goodwill net, ending balance	$ 49,925

Goodwill And Other Intangible_4

Goodwill And Other Intangible Assets (Schedule Of Impairment Of Goodwill) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Goodwill And Other Intangible Assets [Abstract]
Goodwill, gross	$ 229,245	$ 230,676
Accumulated impairment loss	(58,467)	(58,467)
Goodwill, net	$ 170,778	$ 172,209

Goodwill And Other Intangible_5

Goodwill And Other Intangible Assets (Details of Amortizable Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amortization Of Intangible Assets [Line Items]
Total gross amortizable intangible assets	$ 186,837	$ 187,728
Total accumulated amortization	(75,305)	(72,595)
Amortizable intangible assets, net	111,532	115,133
Patents [Member]
Amortization Of Intangible Assets [Line Items]
Total gross amortizable intangible assets	5,394	5,434
Total accumulated amortization	(5,373)	(5,413)
Land Rights [Member]
Amortization Of Intangible Assets [Line Items]
Total gross amortizable intangible assets	2,931	2,900
Total accumulated amortization	(1,449)	(1,378)
Technology/Know-how And Other [Member]
Amortization Of Intangible Assets [Line Items]
Total gross amortizable intangible assets	112,894	112,940
Total accumulated amortization	(53,411)	(50,973)
Customer Relationships [Member]
Amortization Of Intangible Assets [Line Items]
Total gross amortizable intangible assets	65,618	66,454
Total accumulated amortization	$ (15,072)	$ (14,831)

Goodwill And Other Intangible_6

Goodwill And Other Intangible Assets (Schedule of Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Trade Names and Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 12,588	$ 12,682

Debt (Narrative) (Details)

Debt (Narrative) (Details)	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2020EUR (€)	Dec. 31, 2019USD ($)	Feb. 14, 2017USD ($)	Feb. 14, 2017EUR (€)
Debt Instrument [Line Items]
Additional commitments under the revolving line of credit or term loans	$ 250,000,000
Long-term debt	805,747,000		$ 807,565,000
Accrued expenses and other current liabilities	12,800,000		12,800,000
Other Financing Arrangements [Member]
Debt Instrument [Line Items]
Maximum available in form of cash or letters of credit	28,100,000		28,100,000
Additional borrowings available	$ 25,000,000		25,000,000
International Receivable Sales Programs [Member]
Debt Instrument [Line Items]
Debt amount issued | €		€ 100,000,000
Maturity date	Dec. 31, 2023
Outstanding principal amount	$ 20,900,000		19,300,000
Pecentage of cash receivable of sold receivable	65.00%
Other receivables	$ 7,400,000		6,600,000
Revolving credit facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Revolving credit facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.00%
Applicable margin percentage	1.50%	1.50%
Revolving credit facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Applicable margin percentage	2.50%	2.50%
Revolving credit facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Applicable margin percentage	0.50%	0.50%
Revolving credit facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Applicable margin percentage	1.50%	1.50%
Revolving credit facility [Member] | Federal Funds Effective Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Amended Credit Facility [Member]
Debt Instrument [Line Items]
Additional borrowings available	$ 495,800,000
2018 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowings under revolving line of credit	$ 0
Secured Debt [Member] | Secured Euro Term Loan Facility 250 Million [Member]
Debt Instrument [Line Items]
Term of debt instrument/credit facility	7 years
Debt amount issued | €					€ 250,000,000
Secured Debt [Member] | Secured Term Loan Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Applicable margin percentage	2.25%	2.25%
Secured Debt [Member] | Secured Term Loan Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.00%
Secured Debt [Member] | Secured Term Loan Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Applicable margin percentage	1.25%	1.25%
Secured Debt [Member] | Secured Term Loan Facility [Member] | Federal Funds Effective Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Secured Debt [Member] | Tranche B-1 Loans [Member]
Debt Instrument [Line Items]
Debt stated interest rate	3.70%	3.70%
Long-term debt	$ 347,900,000
Secured Debt [Member] | Tranche B-2 Loans [Member]
Debt Instrument [Line Items]
Debt stated interest rate	3.70%	3.70%
Long-term debt	$ 230,300,000
Secured Debt [Member] | Tranche B-3 Loans [Member]
Debt Instrument [Line Items]
Debt stated interest rate	3.70%	3.70%
Long-term debt	$ 225,400,000
Secured Debt [Member] | Tranche B-1, B-2, And B-3 [Member]
Debt Instrument [Line Items]
Additional borrowings available under the term loan facility	$ 0
Secured Debt [Member] | Amended Credit Facility [Member]
Debt Instrument [Line Items]
Equal quarterly installments in an amount equal to percentage of the original principal amount of the term loans	0.25%
Secured Debt [Member] | Amended Credit Facility [Member] | Secured Revolving Line Of Credit 500 Million [Member]
Debt Instrument [Line Items]
Debt facility amount	$ 500,000,000
Maturity date	Feb. 14, 2023
Secured Debt [Member] | Amended Credit Facility [Member] | Secured Term Loan Facility $355 Million [Member]
Debt Instrument [Line Items]
Debt amount issued	$ 355,000,000
Maturity date	Feb. 14, 2024
Secured Debt [Member] | Amended Credit Facility [Member] | Secured Term Loan Facility $235 Million [Member]
Debt Instrument [Line Items]
Debt amount issued	$ 235,000,000
Maturity date	Feb. 14, 2024
Secured Debt [Member] | Amended Credit Facility [Member] | Secured Term Loan Facility $230 Million [Member]
Debt Instrument [Line Items]
Debt amount issued	$ 230,000,000
Maturity date	Feb. 14, 2024
Secured Debt [Member] | Amended Credit Facility [Member] | Tranche B-1 Loans [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Debt stated interest rate	5.05%	5.05%
Secured Debt [Member] | Amended Credit Facility [Member] | Tranche B-2 Loans [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Debt stated interest rate	2.74%	2.74%
Secured Debt [Member] | Amended Credit Facility [Member] | Tranche B-3 Loans [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Debt stated interest rate	2.48%	2.48%
Secured Debt [Member] | Credit Facility [Member] | Secured Revolving Line Of Credit 400 Million [Member]
Debt Instrument [Line Items]
Debt facility amount				$ 400,000,000
Term of debt instrument/credit facility	5 years
Secured Debt [Member] | Credit Facility [Member] | Secured Term Loan Facility 357.5 Million [Member]
Debt Instrument [Line Items]
Term of debt instrument/credit facility	7 years
Debt amount issued				$ 357,500,000
U.S. Subsidiaries [Member]
Debt Instrument [Line Items]
Stock pledged as collateral, percentage	100.00%
Foreign Subsidiaries [Member]
Debt Instrument [Line Items]
Stock pledged as collateral, percentage	65.00%
Discontinued Operations, Held-for-sale [Member] | Tile Coating Systems [Member] | International Receivable Sales Programs [Member]
Debt Instrument [Line Items]
Outstanding principal amount	$ 48,200,000		52,600,000
Other receivables	$ 20,600,000		$ 20,500,000

Debt (Loans Payable And Current

Debt (Loans Payable And Current Portion of Long-Term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Current portion of long-term debt	$ 8,730	$ 8,703
Current Portion Of Long-Term Debt [Member]
Short-term Debt [Line Items]
Current portion of long-term debt	$ 8,730	$ 8,703

Debt (Summary Of Long-Term Debt

Debt (Summary Of Long-Term Debt) (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total long-term debt		$ 805,747	$ 807,565
Current portion of long-term debt		(8,730)	(8,703)
Long-term debt, less current portion		797,017	798,862
Term Loan Facility, Maturing 2024 [Member]
Debt Instrument [Line Items]
Total long-term debt	[1]	799,950	801,764
Unamortized debt issuance costs		3,700	3,900
Capital lease obligations [Member]
Debt Instrument [Line Items]
Total long-term debt		2,315	2,305
Other notes [Member]
Debt Instrument [Line Items]
Total long-term debt		$ 3,482	$ 3,496
[1]	The carrying value of the term loan facility, maturing 2024, is net of unamortized debt issuance costs of $ 3.7 million at March 31, 2020, and $ 3.9 million at December 31, 2019.

Debt (Schedule Of Trade Account

Debt (Schedule Of Trade Accounts Receivable In International Receivable Sales Programs) (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Mar. 31, 2019
Debt Instrument [Line Items]
Trade accounts receivable sold to financial institutions		$ 50,537	$ 9,117
Cash proceeds from financial institutions	[1]	35,390	6,554
Discontinued Operations, Held-for-sale [Member] | Tile Coating Systems [Member]
Debt Instrument [Line Items]
Cash proceeds from financial institutions		$ 29,700	$ 29,900
[1]	In the three months ended March 31, 2020 and 2019, our Tile Coatings business received cash proceeds from financial institutions of $ 29.7 million and $ 29.9 million, respectively. Refer to Note 4 for additional discussion of the Tile Coatings business and its classification as discontinued operations .

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2020EUR (€)	Dec. 31, 2019USD ($)
Gain (loss) from the change in fair value of financial instruments	$ 0.3	$ 1.5
Notional amount	$ 618			$ 625.9
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative, maturity date	Feb. 14, 2024
Notional amount	$ 313.6
Net loss to be reclassified during next 12 months, net	$ 7.1
Cross Currency Swaps [Member] | Cash Flow Hedging [Member]
Derivative, maturity date	Feb. 14, 2024
Notional amount	$ 225.4
Net gain to be reclassified during next 12 months, net	$ 1.7
Cross Currency Swaps [Member] | Net Investment Hedging [Member]
Derivative, maturity date	Feb. 14, 2024
Notional amount | €			€ 96

Financial Instruments (Financia

Financial Instruments (Financial Instruments Assets (Liabilities) Measured At Fair Value) (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Financial Instruments And Fair Value Measurements [Line Items]
Cash and cash equivalents, Carrying Amount		$ 43,018	$ 96,202	$ 49,437
Long-term debt, Carrying Amount		(805,747)	(807,565)
Cash and cash equivalents, Fair Value		43,018	96,202
Cross Currency Swaps [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Cross currency swaps, Carrying Amount		27,833	22,111
Cross currency swaps, Fair Value		27,833	22,111
Interest Rate Swap [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Interest rate swaps-liabilities, Carrying Amount		(26,773)	(14,698)
Interest rate swaps-liabilities, Fair Value		(26,773)	(14,698)
Foreign Currency Forward Contracts [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Foreign currency forward contracts, net, Carrying amount		(947)	601
Foreign currency forward contracts, net, Fair Value		(947)	601
Term Loan Facility - Amended Credit Facility [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Long-term debt, Carrying Amount	[1]	(799,950)	(801,764)
Long-term debt, Fair Value	[1]	(709,631)	(799,750)
Unamortized debt issuance costs		3,700	3,900
Other Long-Term Notes Payable [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Long-term debt, Carrying Amount		(3,482)	(3,496)
Long-term debt, Fair Value		(1,594)	(1,557)
Level 1 [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Cash and cash equivalents, Fair Value		43,018	96,202
Level 2 [Member] | Cross Currency Swaps [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Cross currency swaps, Fair Value		27,833	22,111
Level 2 [Member] | Interest Rate Swap [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Interest rate swaps-liabilities, Fair Value		(26,773)	(14,698)
Level 2 [Member] | Foreign Currency Forward Contracts [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Foreign currency forward contracts, net, Fair Value		(947)	601
Level 2 [Member] | Term Loan Facility - Amended Credit Facility [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Long-term debt, Fair Value	[1]	(709,631)	(799,750)
Level 2 [Member] | Other Long-Term Notes Payable [Member]
Financial Instruments And Fair Value Measurements [Line Items]
Long-term debt, Fair Value		$ (1,594)	$ (1,557)
[1]	The carrying value of the term loan facility is net of unamortized debt issuance costs of $ 3.7 million and $ 3.9 million for the period ended March 31, 2020, and December 31, 2019, respectively.

Financial Instruments (Schedule

Financial Instruments (Schedule Of Gain (Loss) Recognized In AOCI And The Amount Of (Loss) Gain Reclassified Into Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flow Hedging [Member] | Interest Expense [Member]
Amount of (Loss) Gain Reclassified from AOCL into Income	$ 670	$ 1,810
Cash Flow Hedging [Member] | Foreign Currency (Losses) Gains, Net [Member]
Amount of (Loss) Gain Reclassified from AOCL into Income	3,622	4,944
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Interest Expense [Member]
Amount of Gain (Loss) Recognized in AOCL	(12,874)	(4,107)
Amount of (Loss) Gain Reclassified from AOCL into Income	(498)	178
Cross Currency Swaps [Member] | Interest Expense [Member]
Amount of Gain (Loss) Recognized in AOCL	2,659	3,737
Cross Currency Swaps [Member] | Cash Flow Hedging [Member] | Interest Expense [Member]
Amount of Gain (Loss) Recognized in AOCL	5,258	5,080
Amount of (Loss) Gain Reclassified from AOCL into Income	1,168	1,632
Cross Currency Swaps [Member] | Cash Flow Hedging [Member] | Foreign Currency (Losses) Gains, Net [Member]
Amount of (Loss) Gain Reclassified from AOCL into Income	$ 3,622	$ 4,944

Financial Instruments (Effect O

Financial Instruments (Effect On Derivative Instruments On Consolidated Statements Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Earnings	$ 5,530	$ 6,295
Foreign Currency (Losses) Gains, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Earnings	1,315	(1,964)
Foreign Currency Forward Contracts [Member] | Foreign Currency (Losses) Gains, Net [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Earnings	$ 268	$ 1,524

Financial Instruments (Summary

Financial Instruments (Summary Of Gain (Loss) Recognized In AOCI, The Amount Reclassified Into Earnings And The Amount Gain Recognized In Income On Derivative (Amount Excluded From Effectiveness Testing)) (Details) - Cross Currency Swaps [Member] - Interest Expense [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Amount of Gain (Loss) Recognized in AOCL	$ 2,659	$ 3,737
Amount of Gain Recognized in Income of Derivative (Amount Excluded from Effectiveness Testing)	$ 780	$ 1,001

Financial Instruments (Fair Val

Financial Instruments (Fair Value Of Derivative Instruments On Consolidated Balance Sheets) (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Other Current Assets [Member] | Cross Currency Swaps [Member]
Derivatives, Fair Value [Line Items]
Asset derivatives	$ 3,270	$ 6,711
Other Current Assets [Member] | Foreign Currency Forward Contracts [Member]
Derivatives, Fair Value [Line Items]
Asset derivatives	1,189	1,474
Other Non-Current Assets [Member] | Cross Currency Swaps [Member]
Derivatives, Fair Value [Line Items]
Asset derivatives	24,563	15,400
Accrued Expenses and Other Current Liabilities [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Liability derivatives	(7,054)	(3,723)
Accrued Expenses and Other Current Liabilities [Member] | Foreign Currency Forward Contracts [Member]
Derivatives, Fair Value [Line Items]
Liability derivatives	(2,136)	(873)
Other Noncurrent Liabilities [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Liability derivatives	$ (19,719)	$ (10,975)

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Taxes [Abstract]
Income tax expense	$ 5,117	$ 2,893
Percentage of pre-tax income	24.30%	24.70%
U.S. corporate tax rate	21.00%

Contingent Liabilities (Narrati

Contingent Liabilities (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitments And Contingent Liabilities [Line Items]
Undiscounted remediation liability associated with environmentally contaminated non-operating facility	$ 5.7	$ 7.2
ARGENTINA | Argentina Supreme Court [Member]
Commitments And Contingent Liabilities [Line Items]
Contingent tax liability	$ 0.5	$ 0.6

Retirement Benefits (Net Period

Retirement Benefits (Net Periodic Benefit Cost (Credit)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 3	$ 3
Interest cost	2,387	2,963
Expected return on plan assets	(3,708)	(3,153)
Net periodic benefit (credit) cost	(1,318)	(187)
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	285	281
Interest cost	330	469
Expected return on plan assets	(112)	(166)
Amortization of prior service cost	(5)	5
Net periodic benefit (credit) cost	498	589
Other Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1
Interest cost	132	175
Net periodic benefit (credit) cost	$ 133	$ 176

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	May 03, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock reserved under plan			4,500,000
Recognized stock-based compensation expense	$ 2.8	$ 2.8
Unearned compensation cost related to the unvested portion of all stock-based awards	$ 12.8
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share based compensation units granted	300,000
Weighted-average grant-date fair value	$ 5.28
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share based compensation units granted	200,000
Weighted-average grant-date fair value	$ 14.64
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share based compensation units granted	200,000
Weighted average grant date fair value	$ 14.64
Vesting period	3 years

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Of Weighted-Average Grant-Date Fair Values And Assumptions Used For Estimating Fair Values) (Details) - Stock Options [Member]	3 Months Ended
	Mar. 31, 2020$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value	$ 5.28
Expected life, in years	5 years 2 months 12 days
Risk-free interest rate, minimum	1.40%
Expected volatility, minimum	35.10%

Restructuring And Optimizatio_3

Restructuring And Optimization Programs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Total restructuring charges	$ 1.2	$ 1.7
Total expected restructuring charges	8
Severance costs	$ 0.2
Period expected for cash payments for employee benefits and other costs	12 months
Discontinued Operations, Held-for-sale [Member] | Tile Coating Systems [Member]
Additional restructuring charges	$ 0.3	$ 0.4

Restructuring And Optimizatio_4

Restructuring And Optimization Programs (Summary Of Accruals Related To Restructuring And Optimization Programs) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning balance	$ 2,239
Restructuring charges	1,165
Cash payments	(858)
Non-cash items	(34)
Ending balance	2,512
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	747
Restructuring charges	658
Cash payments	(394)
Non-cash items	(23)
Ending balance	988
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	1,492
Restructuring charges	507
Cash payments	(464)
Non-cash items	(11)
Ending balance	$ 1,524

Leases (Narrative) (Details)

Leases (Narrative) (Details)	Mar. 31, 2020
Leases [Abstract]
Initial lease term	12 months

Leases (Components of Lease Cos

Leases (Components of Lease Costs) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Leases [Line Items]
Net lease cost		$ 3,469	$ 3,648
Selling, General And Administrative Expenses [Member]
Leases [Line Items]
Operating lease cost	[1]	1,259	1,360
Short-term lease costs		200	200
Variable lease costs		100	100
Cost Of Sales [Member]
Leases [Line Items]
Operating lease cost	[2]	2,131	2,234
Amortization of right-of-use assets		72	51
Short-term lease costs		600	600
Variable lease costs		300	200
Interest Expense [Member]
Leases [Line Items]
Interest of lease liabilities		$ 7	$ 3
[1]	Included in operating lease cost is $ 0.2 million of short-term lease costs for the three months ended March 31, 2020 and March 31, 2019 and $ 0.1 million of variable lease costs for the three months ended March 31, 2020 and March 31, 2019.
[2]	Included in operating lease cost is $ 0.6 million of short-term lease costs for the three months ended March 31, 2020 and March 31, 2019 and $ 0.3 million and $ 0.2 million of variable lease costs for the three months ended March 31, 2020 and March 31, 2019, respectively.

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Assets
Operating leased assets		$ 17,294	$ 20,088
Finance leased assets	[1]	805	859
Total leased assets		18,099	20,947
Liabilities
Current, Operating		5,822	6,515
Current, Finance		466	438
Noncurrent, Operating		11,973	14,474
Noncurrent, Finance		1,849	1,867
Total leased liabilities		20,110	$ 23,294
Finance leases, net accumulated depreciation		$ 3,400		$ 3,400
[1]	Finance leases are net of accumulated depreciation of $ 3.4 million and $ 3.4 million for March 31, 2020 and December 31, 2019, respectively.

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information Related to Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Operating cash flows from finance leases	$ 7	$ 3
Operating cash flows from operating leases	2,019	2,260
Financing cash flows from finance leases	65	45
Leased assets obtained in exchange for new finance lease liabilities	104	129
Leased assets obtained in exchange for new operating lease liabilities	$ 1,499	$ 24,035
Weighted-average remaining lease term, Operating leases	4 years 1 month 6 days
Weighted-average remaining lease term, Finance leases	5 years 10 months 24 days
Weighted-average discount rate, Operating leases	4.00%
Weighted-average discount rate, Finance leases	5.30%

Leases (Maturities of Lease Lia

Leases (Maturities of Lease Liabilities) (Details) $ in Thousands	Mar. 31, 2020USD ($)
Leases [Abstract]
Capital Leases, Remaining in 2020	$ 567
Capital Leases, 2021	520
Capital Leases, 2022	504
Capital Leases, 2023	448
Capital Leases, 2024	346
Capital Leases, 2025	279
Capital Leases, Thereafter	418
Capital Leases, Net minimum lease payments	3,082
Capital Leases, Less: interest	767
Capital Leases, Present value of lease liabilities	2,315
Operating Leases, Remaining in 2020	5,996
Operating Leases, 2021	5,666
Operating Leases, 2022	3,246
Operating Leases, 2023	1,929
Operating Leases, 2024	1,044
Operating Leases, 2025	789
Operating Leases, Thereafter	1,688
Operating Leases, Net minimum lease payments	20,358
Operating Leases, Less: interest	2,563
Operating Leases, Present value of lease liabilities	$ 17,795

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Anti-dilutive securities excluded from computation of earnings per share	3	2.2

Earnings Per Share (Calculation

Earnings Per Share (Calculations Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Basic earnings per share computation:
Income from continuing operations	$ 15,912	$ 8,801
Less: Net income attributable to noncontrolling interests from continuing operations	33	169
Net income attributable to Ferro Corporation from continuing operations	15,879	8,632
Income from discontinued operations, net of income taxes	221	5,077
Less: Net income attributable to noncontrolling interests from discontinued operations	(23)	105
Net income attributable to Ferro Corporation from discontinued operations	244	4,972
Total	$ 16,123	$ 13,604
Weighted-average common shares outstanding	82,096	82,480
Basic earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$ 0.19	$ 0.10
Diluted earnings per share computation:
Net income attributable to Ferro Corporation common shareholders	$ 15,879	$ 8,632
Adjustment for income from discontinued operations	244	4,972
Total	$ 16,123	$ 13,604
Weighted-average common shares outstanding	82,096	82,480
Assumed exercise of stock options	297	596
Assumed satisfaction of restricted stock unit conditions	85	145
Assumed satisfaction of performance stock unit conditions	44	80
Weighted-average diluted shares outstanding	82,522	83,301
Diluted earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$ 0.19	$ 0.10

Share Repurchase Program (Narra

Share Repurchase Program (Narrative) (Details) $ in Millions	Mar. 31, 2020USD ($)
Stockholders' Equity Attributable to Parent [Abstract]
Stock Repurchase Program, Authorized Amount	$ 150
Stock repurchase program, remaining authorized amount	$ 46.2

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Changes In Accumulated Other Comprehensive Loss by Component, Net of Tax) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balances	$ 360,376
Ending Balances	351,796
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balances	(109,376)	$ (105,361)
Other comprehensive income before reclassifications, before tax	(25,453)	5,009
Reclassification to earnings: Cash flow hedge loss, before tax	4,292	6,754
Current period other comprehensive income (loss), before tax	(29,745)	(1,745)
Tax effect	(2,433)	(833)
Current period other comprehensive income (loss), net of tax	(27,312)	(912)
Ending Balances	(136,688)	(106,273)
Postretirement Benefit Liability Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balances	1,206	1,126
Other comprehensive income before reclassifications, before tax
Reclassification to earnings: Cash flow hedge loss, before tax
Current period other comprehensive income (loss), before tax
Tax effect
Current period other comprehensive income (loss), net of tax
Ending Balances	1,206	1,126
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balances	(97,575)	(103,190)
Other comprehensive income before reclassifications, before tax	(17,837)	4,036
Reclassification to earnings: Cash flow hedge loss, before tax
Current period other comprehensive income (loss), before tax	(17,837)	4,036
Tax effect	435	634
Current period other comprehensive income (loss), net of tax	(18,272)	3,402
Ending Balances	(115,847)	(99,788)
Net Gain (Loss) On Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balances	(13,007)	(3,297)
Other comprehensive income before reclassifications, before tax	(7,616)	973
Reclassification to earnings: Cash flow hedge loss, before tax	4,292	6,754
Current period other comprehensive income (loss), before tax	(11,908)	(5,781)
Tax effect	(2,868)	(1,467)
Current period other comprehensive income (loss), net of tax	(9,040)	(4,314)
Ending Balances	$ (22,047)	$ (7,611)

Reporting For Segments (Net Sal

Reporting For Segments (Net Sales To External Customers By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 252,326	$ 263,382
Functional Coatings [Member]
Segment Reporting Information [Line Items]
Net sales	155,435	167,026
Color Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	$ 96,891	$ 96,356

Reporting For Segments (Segment

Reporting For Segments (Segment's Gross Profit And Reconciliations To Income Before Income Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total gross profit	$ 80,738	$ 77,859
Selling, general and administrative expenses	56,046	56,931
Restructuring and impairment charges	1,165	1,740
Other expense, net	2,498	7,494
Income before income taxes	21,029	11,694
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total gross profit	80,738	77,859
Functional Coatings [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total gross profit	47,817	48,230
Color Solutions [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total gross profit	33,787	28,396
Other Cost Of Sales [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total gross profit	$ (866)	$ 1,233