Quaker Chemical (KWR) 10-Q 6 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Document And Entity Information [Abstract]
Document type	10-Q
Document period end date	Mar. 31, 2021
Entity file number	001-12019
Entity registrant name	QUAKER CHEMICAL CORPORATION
Entity tax identification number	23-0993790
Entity address, address line 1	901 E. Hector Street
Entity address, city or town	Conshohocken
Entity address, state or province	PA
Entity address, postal zip code	19428 – 2380
City area code	610
Local phone number	832-4000
Trading symbol	KWR
Entity filer category	Large Accelerated Filer
Entity small business	false
Entity emerging growth company	false
Entity current reporting status	Yes
Amendment flag	false
Document fiscal year focus	2021
Document period focus	Q1
Entity common stock shares outstanding		17,873,331
Current fiscal year end date	--12-31
Entity central index key	0000081362
Entity shell company	false
Document transition report	false
Document quarterly report	true
Entity incorporation state country code	PA
Security exchange name	NYSE
Security 12b title	Common Stock, $1 par value
Entity interactive data current	Yes

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Net sales	$ 429,783	$ 378,561
Cost of goods sold	273,589	244,710
Gross profit	156,194	133,851
Selling, general and administrative expenses	104,310	98,701
Indefinite-lived intangible asset impairment	0	38,000
Restructuring and related charges	1,175	1,716
Combination, integration and other acquisition-related expenses	5,815	7,878
Operating income (loss)	44,894	(12,444)
Other income (expense), net	4,687	(21,175)
Interest expense, net	(5,470)	(8,461)
Income (loss) before taxes and equity in net income of associated companies	44,111	(42,080)
Taxes on income (loss) before equity in net income of associated companies	10,689	(13,070)
Income (loss) before equity in net income of associated companies	33,422	(29,010)
Equity in net income of associated companies	5,210	666
Net income (loss)	38,632	(28,344)
Less: Net income attributable to noncontrolling interest	17	37
Net income (loss) attributable to Quaker Chemical Corporation	$ 38,615	$ (28,381)
Per share data:
Basic earnings (loss) per common share	$ 2.16	$ (1.60)
Diluted earnings (loss) per common share	2.15	(1.60)
Dividends declared	$ 0.395	$ 0.385

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 38,632	$ (28,344)
Currency translation adjustments	(25,461)	(54,751)
Defined benefit retirement plans	1,292	16,957
Current period change in fair value of derivatives	562	(3,981)
Unrealized loss on available-for-sale securities	(3,025)	(1,711)
Other comprehensive loss	(26,632)	(43,486)
Comprehensive income (loss)	12,000	(71,830)
Less: Comprehensive (income) loss attributable to noncontrolling interest	(15)	95
Comprehensive income (loss) attributable to Quaker Chemical Corporation	$ 11,985	$ (71,735)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 163,455	$ 181,833
Accounts receivable, net	411,523	372,974
Inventories
Raw materials and supplies	97,631	86,148
Work-in-process and finished goods	110,147	101,616
Prepaid expenses and other current assets	48,285	50,156
Total current assets	831,041	792,727
Property, plant and equipment, at cost	416,514	423,253
Less accumulated depreciation	(220,724)	(219,370)
Property, plant and equipment, net	195,790	203,883
Right of use lease assets	38,027	38,507
Goodwill	627,574	631,212
Other intangible assets, net	1,075,343	1,081,358
Investments in associated companies	96,213	95,785
Deferred tax assets	17,057	16,566
Other non-current assets	31,906	31,796
Total assets	2,912,951	2,891,834
Current liabilities
Short-term borrowings and current portion of long-term debt	43,330	38,967
Accounts and other payables	214,015	198,872
Accrued compensation	29,091	43,300
Accrued restructuring	5,970	8,248
Other current liabilities	104,029	93,573
Total current liabilities	396,435	382,960
Long-term debt	859,433	849,068
Long-term lease liabilities	27,050	27,070
Deferred tax liabilities	186,031	192,763
Other non-current liabilities	114,549	119,059
Total liabilities	1,583,498	1,570,920
Equity
Common stock $1 par value; authorized 30,000,000 shares; issued and outstanding 2021 - 17,875,076 shares; 2020 - 17,850,616 shares	17,875	17,851
Capital in excess of par value	908,748	905,171
Retained earnings	455,493	423,940
Accumulated other comprehensive loss	(53,228)	(26,598)
Total Quaker shareholders' equity	1,328,888	1,320,364
Noncontrolling interest	565	550
Total equity	1,329,453	1,320,914
Total liabilities and equity	$ 2,912,951	$ 2,891,834

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Common Stock Par Value	$ 1	$ 1
Common Stock, Shares Authorized	30,000,000	30,000,000
Common Stock, Shares, Issued	17,875,076	17,850,616

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities
Net income (loss)	$ 38,632	$ (28,344)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Amortization of debt issuance costs	1,187	1,187
Depreciation and amortization	22,145	21,197
Equity in undistributed earnings of associated companies, net of dividends	(5,105)	4,285
Acquisition-related fair value adjustments related to inventory	801	0
Deferred compensation, deferred taxes and other, net	(9,888)	(22,988)
Share-based compensation	3,779	4,682
Gain on disposal of property, plant and equipment and other assets	(5,410)	(2)
Insurance settlement realized	0	(229)
Indefinite-lived intangible asset impairment	0	38,000
Combination and other acquisition-related expenses, net of payments	(2,884)	(519)
Restructuring and related charges	1,175	1,716
Pension and other postretirement benefit expense	(1,034)	22,453
(Decrease) increase in cash from changes in current assets and current liabilities, net of acquisitions:
Accounts receivable	(46,270)	2,322
Inventories	(24,994)	(10,162)
Prepaid expenses and other current assets	(8,315)	(3,263)
Change in restructuring liabilities	(3,034)	(4,841)
Accounts payable and accrued liabilities	26,597	(5,275)
Net cash (used in) provided by operating activities	(12,618)	20,219
Cash flows from investing activities
Investments in property, plant and equipment	(3,934)	(4,892)
Payments related to acquisitions, net of cash acquired	(26,655)	(3,160)
Proceeds from disposition of assets	14,744	0
Insurance settlement interest earned	0	31
Net cash used in investing activities	(15,845)	(8,021)
Cash flows from financing activities
Payments of long-term debt	(9,551)	(9,371)
Borrowings on revolving credit facilities, net	30,000	205,500
Repayments on other debt, net	(188)	(185)
Dividends paid	(7,052)	(6,828)
Stock options exercised, other	(178)	(696)
Purchase of noncontrolling affiliate shareholders	0	(1,047)
Distributions to noncontrolling affiliate shareholders	0	(751)
Net cash (used in) provided by financing activities	13,031	186,622
Effect of foreign exchange rate changes on cash	(3,008)	(6,424)
Net (decrease) increase in cash, cash equivalents and restricted cash	(18,440)	192,396
Cash, cash equivalents and restricted cash at the beginning of the period	181,895	143,555
Cash, cash equivalents and restricted cash at the end of the period	$ 163,455	$ 335,951

Condensed Financial Information

Condensed Financial Information	3 Months Ended
	Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 – Basis of Presentation and Description of Business Basis of Presentation As used in these Notes to Condensed Consolidated “Company”, “we”, and “our” refer to Quaker Chemical associated companies, unless the context otherwise requires. the term Legacy Quaker refers to the Company prior (herein referred to as the “Combination”). The condensed consolidated financial statements included herein been prepared in accordance with generally accepted reporting and the United States Securities and Exchange Commission disclosures normally included in financial statements prepared pursuant to such rules and regulations. necessary for a fair statement of the financial position, three months ended March 31, 2021 are not necessarily statements should be read in conjunction with the Company’s 2020 (the “2020 Form 10-K”). Description of Business The Company was organized in 1918, incorporated completed the Combination with Houghton to form fluids. 25 the world’s most advanced companies. chemical management services (which the Company refers applications throughout its four Businesses. Hyper-inflationary economies Based on various indices or index compilations being effective July 1, 2018, Argentina’s applying hyper-inflationary accounting with respect addition, Houghton has an Argentina months ended March 31, 2021, the Company's Argentine 1 % of the Company’s consolidated assets and net sales, respectively. 0.2 $ 0.1 losses were recorded within foreign exchange (losses) gains, Company’s Condensed COVID-19 Management continues to monitor the impact that the COVID-19 chemical industry, related business and travel restrictions and changes to the date of this Quarterly Report on Form 10-Q for the of governmental authorities continue to evolve globally. Further, management continues to financial reporting processes, internal control over financial circumstances have presented and are expected to continue COVID-19 has had a material impact on financial reporting controls and procedures. The Company cannot reasonably estimate the magnitude the future as they are subject to significant uncertainties severity of the symptoms, the duration or resurgence efficacy, response by governments of impacted countries. To the extent could reduce the availability, interrupt the Company’s and the Company’s liquidity with respect to this pandemic, the Company cannot reasonably impact the Company’s results

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2021
Business Combination Separately Recognized Transaction [Abstract]
Business Combination Disclosure [Text Block]	Note 2 – Business Acquisitions 2021 Acquisitions In February 2021, the Company acquired a tin-plating 25 The Company allocated $ 19.6 18.3 to be amortized over 19 0.9 14 0.4 licensed trademark to be amortized over 3 5.0 value not allocated to other acquired assets, all of which purchase price has not been finalized and the one-year result of the Company’s assumed. Additionally, in 38 % ownership interest in Grindaix-GmbH (“Grindaix”), held, German-based, high-tech provider of coolant control 1.4 $ 1.7 sector. Financial Statements. The results of operations of the acquired businesses subsequent Consolidated Statements of Operations as of March Combination, integration and other acquisition-related Certain pro forma and other information is not presented, the overall operations of the Company for the periods presented. Previous Acquisitions In December 2020, provider of metal finishing fluid solutions. metalworking and wastewater treatment applications price was approximately $ 54.1 indebtedness levels. 2021 and currently estimates it will receive approximately 0.4 The following table presents the preliminary estimated fair Measurement December 22, December 22, Period 2020 2020 (1) Adjustments (as adjusted) Cash and cash equivalents $ 958 $ — $ 958 Accounts receivable 8,473 — 8,473 Inventories 4,527 — 4,527 Prepaid expenses and other assets 181 — 181 Property, plant and 10,467 652 11,119 Intangible assets 30,300 (500) 29,800 Goodwill 2,814 53 2,867 Total assets purchased 57,720 205 57,925 Long-term debt including current portions and finance leases 183 556 739 Accounts payable, accrued expenses and other accrued 3,482 — 3,482 Total liabilities assumed 3,665 556 4,221 Total consideration 54,055 (351) 53,704 Less: estimated purchase price settlement — (351) (351) Less: cash acquired 958 — 958 Net cash paid for Coral $ 53,097 $ — $ 53,097 (1) As previously disclosed in the Company’s Measurement period adjustments recorded during the first estimates for assets and liabilities for certain acquired closing working capital and net indebtedness true ups to purchase price for Coral has not been finalized and the one-year necessary as a result of the Company’s liabilities assumed. In May 2020, the Company acquired Tel in high pressure aluminum die casting for its Europe, in the form of a convertible promissory note in the amount 20.0 2.9 subsequently converted into shares of the Company’s 0.4 million DKK, or less than $ 0.1 Company allocated approximately $ 2.4 17 the Company recorded approximately $ 0.5 of which will be tax deductible. one- additional information related to the fair value of assets acquired In March 2020, the Company acquired the remaining 49 % ownership interest in one of its South African affiliates, Chemical South Africa Limited (“QSA”) for 16.7 1.0 Holdings South Africa. acquisition was a change in an existing controlling ownership, 0.7 carrying value of the non-controlling interest in Capital In October 2019, the Company completed its acquisition U.K. company that provides specialty chemicals, operating new technologies in automotive, original equipment to strengthen the Company’s 80.0 and debt-free basis, subject to routine and customary The Company finalized its post-closing adjustments for the 2.5 the first quarter of 2020 to settle such adjustments.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	3 Months Ended
	Mar. 31, 2021
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
New Accounting Pronouncements And Changes In Accounting Principles [Text Block]	Note 3 – Recently Issued Accounting Standards Recently Issued Accounting Standards The Financial Accounting Standards Board (“FASB”) ASU 2019-12 , Income Taxes (Topic guidance within this accounting standard update certain intra-period tax allocations, to the requirement investments and foreign subsidiaries, and to the general date loss exceeds the anticipated loss for the year. up in tax basis for goodwill, current and deferred tax stock ownership plans. adopted this standard on a prospective basis, effective retained earnings on January 1, 2021. The FASB issued Reference Rate Reform (To Financial Reporting Reference Rate Reform (Topic January 2021 which clarified the guidance but did amendments provide temporary optional expedients and relationships and other transactions to ease the potential from reference rates that are expected to be discontinued, effective for the Company as of March 12, expedients provided in ASU 2020-04 do not presently potential impacts on its consolidated financial statements.

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2021
Segment Reporting Measurement Disclosures [Abstract]
Segment Reporting Disclosure [Text Block]	Note 4 – Business Segments The Company’s operating internal organization, the method by which decision maker assesses the Company’s four Asia/Pacific; and (iv) Global Specialty Businesses. each respective region, excluding net sales and operations includes the Company’s Segment operating earnings for each of the Company’s related cost of goods sold (“COGS”) and selling, general attributable to the net sales of each respective segment and other acquisition-related expenses, and Restructuring items not specifically identified with the Company’s net. The following table presents information about the performance months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 2020 Net sales Americas $ 134,871 $ 129,896 EMEA 119,814 104,839 Asia/Pacific 96,706 73,552 Global Specialty Businesses 78,392 70,274 Total $ 429,783 $ 378,561 Segment operating earnings Americas $ 32,234 $ 29,188 EMEA 25,244 18,359 Asia/Pacific 27,478 19,541 Global Specialty Businesses 24,169 20,560 Total 109,125 87,648 Combination, integration and other acquisition-related (5,815) (7,878) Restructuring and related charges (1,175) (1,716) Fair value step up of acquired inventory sold (801) — Indefinite-lived intangible asset impairment — (38,000) Non-operating and administrative expenses (40,992) (38,451) Depreciation of corporate assets and amortization (15,448) (14,047) Operating income (loss) 44,894 (12,444) Other income (expense), net 4,687 (21,175) Interest expense, net (5,470) (8,461) Income (loss) before taxes and equity in net income of $ 44,111 $ (42,080) Inter-segment revenues for the three months ended 3.3 2.9 $ 8.8 5.5 0.1 0.1 2.0 1.3 Specialty Businesses, respectively. segment’s net sales and

Net Sales and Revenue Recogniti

Net Sales and Revenue Recognition	3 Months Ended
	Mar. 31, 2021
Revenue From Contract With Customer [Abstract]
Revenue From Contract With Customer [Text Block]	Note 5 – Net Sales and Revenue Recognition Business Description The Company develops, produces, and markets a broad management services (“Fluidcare”) for various heavy significant portion of the Company’s through its own employees and its Fluidcare programs, As part of the Company’s the Company acts as a principal, revenues are recognized Where the Company acts as an agent, revenue is recognized on the Company for ordering the goods. basis of $ 17.8 12.5 As previously disclosed in the Company’s of multiple subsidiaries or divisions with semiautonomous 10 % of consolidated net sales, with its largest customer accounting 3 % of consolidated net sales. Revenue Recognition Model The Company applies the five-step model in the FASB’s customer; (ii) identify the performance obligations in price to the performance obligations in the contract; and obligation. including its practical expedients and accounting policy Allowance for Doubtful Accounts As previously disclosed in the Company’s standard update related to the accounting and disclosure The Company recognizes an allowance for credit losses, which represents the portion over the contractual life, considering past events Company’s allowance each outstanding receivable and customer, estimates for certain past due aging categories, and amounts determined to be uncollectible. Contract Assets and Liabilities The Company recognizes a contract asset or receivable performs a service or transfers a good in advance is unconditional and only the passage of time is required Company’s right to consideration had no material contract assets recorded on its Condensed A contract liability is recognized when the Company consideration, in advance of performance. for which the Company has received consideration, contract liabilities primarily represent deferred revenue Company satisfying the associated performance obligation. Company’s Condensed 6.3 4.0 revenue as of March 31, 2021 and December 31, 2020, all of the associated performance obligations and recognized December 31, 2020. Disaggregated Revenue The following tables disaggregate the Company’s revenue recognized for the three months ended March 31, Three Months Ended March 31, Consolidated Americas EMEA Asia/Pacific Total Customer Industries Metals $ 46,793 $ 34,274 $ 49,743 $ 130,810 Metalworking and other 88,078 85,540 46,963 220,581 134,871 119,814 96,706 351,391 Global Specialty Businesses 45,256 20,272 12,864 78,392 $ 180,127 $ 140,086 $ 109,570 $ 429,783 Timing of Revenue Recognized Product sales at a point in time $ 171,594 $ 131,162 $ 106,399 $ 409,155 Services transferred over time 8,533 8,924 3,171 20,628 $ 180,127 $ 140,086 $ 109,570 $ 429,783 Three Months Ended March 31, Consolidated Americas EMEA Asia/Pacific Total Customer Industries Metals $ 46,673 $ 29,888 $ 41,589 $ 118,150 Metalworking and other 83,223 74,951 31,963 190,137 129,896 104,839 73,552 308,287 Global Specialty Businesses 44,231 16,605 9,438 70,274 $ 174,127 $ 121,444 $ 82,990 $ 378,561 Timing of Revenue Recognized Product sales at a point in time $ 168,802 $ 118,423 $ 81,156 $ 368,381 Services transferred over time 5,325 3,021 1,834 10,180 $ 174,127 $ 121,444 $ 82,990 $ 378,561

Leases

Leases	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Leases Of Lessee Disclosure [Text Block]	Note 6 - Leases The Company determines if an arrangement is a lease arrangement conveys the right to control the use of an consideration. substantially all of the economic benefits from the use leases is recognized when the obligation is incurred. The Company has operating leases for certain facilities, vehicles 10 94 Company’s leases includes that the Company is reasonably certain it will exercise. liabilities and long-term lease liabilities on the Condensed recognized at each lease’s Company uses the stated borrowing rate for a lease when lease agreement, the Company uses its incremental borrowing to determine the present value of its lease payments. leases, the Company considers certain information subsidiaries. long-term debt and long-term debt on the Condensed Consolidated Operating lease expense is recognized on a straight-line ended March 31, 2021 and 2020 was $ 3.6 3.4 0.3 0.5 million for the three months ended March 31, 2021 no sublease income for the three months ended March 31, 2021 and 3.6 3.4 million during the three months ended March 31, 2021 and associated lease liabilities of approximately $ 3.1 Supplemental balance sheet information related to the Company’s March 31, December 31, 2021 2020 Right of use lease assets $ 38,027 $ 38,507 Other current liabilities 10,419 10,901 Long-term lease liabilities 27,050 27,070 Total operating $ 37,469 $ 37,971 Weighted average 5.9 6.0 Weighted average 4.26% 4.20% Maturities of operating lease liabilities as of March 31, March 31, 2021 For the remainder of 2021 $ 9,269 For the year ended December 31, 2022 9,042 For the year ended December 31, 2023 6,932 For the year ended December 31, 2024 5,194 For the year ended December 31, 2025 4,211 For the year ended December 31, 2026 and beyond 8,116 Total lease payments 42,764 Less: imputed interest (5,295) Present value of lease liabilities $ 37,469

Restructuring and Related Activ

Restructuring and Related Activities	3 Months Ended
	Mar. 31, 2021
Restructuring And Related Activities [Abstract]
Restructuring And Related Activities Disclosure [TextBlock]	Note 7 – Restructuring and Related Activities The Company’s management approved a global restructuring plan (the “QH Program”) as part of its plan to realize certain cost synergies associated with the Combination in the third quarter of 2019. The QH Program includes restructuring and associated severance costs to reduce total headcount by approximately 400 people globally, as well as plans for the closure of certain manufacturing and non-manufacturing facilities. number of factors and is subject to change; however, continue to occur throughout 2021 Program will approximate one-times the restructuring costs regulations within certain foreign countries and will All costs incurred to date relate to severance costs to reduce in Restructuring and related charges in the Condensed Consolidated Financial Statements, restructuring reportable segments’ measure of operating earnings Activity in the Company’s follows: QH Program Accrued restructuring as of December 31, 2020 $ 8,248 Restructuring and related charges 1,175 Cash payments (3,034) Currency translation adjustments (419) Accrued restructuring as of March 31, 2021 $ 5,970

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2021
Disclosure Of Compensation Related Costs Share based Payments [Abstract]
Disclosure Of Compensation Related Costs Share Based Payments [Text Block]	Note 8 – Share-Based Compensation The Company recognized the following share-based compensation Operations for the three months ended March 31, 2021 Three Months Ended March 31, 2021 2020 Stock options $ 308 $ 432 Non-vested stock awards and restricted stock units 1,396 1,264 Non-elective and elective 401(k) matching contribution in 1,553 — Director stock ownership plan 203 40 Performance stock units 319 — Annual incentive plan — 2,946 Total share-based $ 3,779 $ 4,682 Share-based compensation expense is recorded in SG&A, 0.3 0.5 March 31, 2021 and 2020, respectively, in total share-based compensation expense for the three elective 401(k) matching contributions in stock but excludes annual beginning in 2020, each described further below. Stock Options During the first quarter of 2021, the Company granted only to time vesting over a three-year period. used a Black-Scholes option pricing model and the assumptions Number of options granted 23,733 Dividend yield 0.85 % Expected volatility 37.33 % Risk-free interest rate 0.60 % Expected term (years) 4.0 The fair value of these options is amortized on a straight compensation expense related to all stock options 2.8 period of 2.5 Restricted Stock Awards During the first quarter of 2021, the Company granted 12,610 2,791 units under its LTIP, trading price of the Company’s expected forfeitures based on historical experience. nonvested restricted shares was $ 6.3 2.1 unrecognized compensation expense related to nonvested 1.3 average remaining period of 2.3 Performance Stock Units During the first quarter of 2021, LTIP, fully vested shares that may ultimately be issued as settlement 0 % up to 200 % of the target award, subject to the achievement of the Company’s group, the S&P Midcap 400 Materials group. period for the PSUs is from January 1 of the year of grant Compensation expense for PSUs the three-year vesting period. Monte Carlo simulation on the grant date and using the 0.29 %; (ii) an expected term of 3.0 As of March 31, 2021, the Company estimates that it will issue 28,000 settlement dates of all outstanding PSU awards, based March 31, 2021, there was approximately $ 4.8 expects to recognize over a weighted-average period 2.5 Annual Incentive Plan The Company maintains an Annual Incentive Plan performance-based and time-based vesting conditions. in shares, and therefore, expense associated with the AIP in 2020 In the fourth quarter of 2020, the Company determined compensation associated with the AIP during the year compensation expense to incentive compensation. expense within the Company’s As of March 31, 2021, it is the Company’s Defined Contribution Plan The Company has a 401(k) plan with an employer 50 % of the first 6 % of compensation that is contributed to the plan, with a maximum 3 % of compensation. Additionally, the of service equal to 3 % of the eligible participants’ compensation. Company matched both non-elective and elective 401(k) than cash. 1.5 matching contributions in stock for the three months

Pension and Postretirement Bene

Pension and Postretirement Benefits	3 Months Ended
	Mar. 31, 2021
General Discussion Of Pension And Other Postretirement Benefits [Abstract]
Pension And Other Postretirement Benefits Disclosure [Text Block]	Note 9 – Pension and Other Postretirement The components of net periodic benefit cost for the Three Months Ended March 31, Other Pension Benefits Postretirement Benefits 2021 2020 2021 2020 Service cost $ 316 $ 1,174 $ 1 $ 2 Interest cost 1,090 1,769 11 26 Expected return on plan assets (2,082) (1,959) — — Settlement loss — 22,667 — — Actuarial loss amortization 855 1,047 — 15 Prior service (credit) cost amortization 2 (40) — — Total net periodic $ 181 $ 24,658 $ 12 $ 43 As disclosed in the Company’s legacy Quaker non-contributory U.S. pension plan Company received a favorable termination determination Legacy Quaker U.S. Pension Plan termination during the Plan in accordance with I.R.S. and Pension Benefit Guaranty Corporation Legacy Quaker U.S. Pension Plan on a termination basis 1.8 final true up adjustments, settlement charge at plan termination of 22.7 expense of the related unrecognized losses within accumulated of the plan termination date. Employer Contributions The Company previously disclosed in its 2020 Form 10-K 10.0 to its U.S. and foreign pension plans and approximately 0.3 2021, $ 1.0 0.1 postretirement benefit plans, respectively.

Other Income (Expense)

Other Income (Expense)	3 Months Ended
	Mar. 31, 2021
Other Income And Expenses [Abstract]
Other Income And Other Expense Disclosure [Text Block]	Note 10 – Other Income (Expense), Net The components of other income (expense), net for Three Months Ended March 31, 2021 2020 Income from third party license fees $ 339 $ 304 Foreign exchange (losses) gains, net (1,478) 821 Gain on disposals of property, 5,410 2 Non-income tax refunds and other related credits 97 1,299 Pension and postretirement benefit costs, non-service components 124 (23,525) Other non-operating income (expense), net 195 (76) Total other $ 4,687 $ (21,175) The Gain on disposals of property, includes the gain on the sale of certain held-for-sale benefit costs, non-service components during the three 22.7 Quaker U.S. Pension Plan non-cash settlement charge

Income Taxes and Uncertain Tax

Income Taxes and Uncertain Tax Positions	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 11 – Income Taxes The Company’s effective 24.2 % compared to a benefit of 31.1 % for the three months ended March 31, 2020. largely impacted by the sale of certain held-for-sale quarter effective tax rate was impacted by the the prior year period including those related to changes jurisdiction, and the tax impacts of the Company’s lived trademarks and tradename intangible asset impairment. As of December 31, 2020, the Company had a deferred tax liability of $5.9 million, which primarily represents the Company’s estimate of non-U.S. taxes it will incur to repatriate certain foreign earnings to the U.S. The balance as of March 31, 2021 was $6.5 million. As of March 31, 2021, the Company’s 23.5 $ 1.3 The Company continues to recognize interest and penalties income (loss) before equity in net income of associated Company recognized an expense of less than $ 0.1 0.1 Condensed Consolidated Statement of Operations for the $ 0.1 0.1 the three months ended March 31, 2020. 3.0 $ 3.6 3.0 and $ 3.9 During the three months ended March 31, 2021 and 0.3 0.8 respectively, in for certain tax years. The Company estimates that during the year ending December unrecognized tax benefits by approximately $ 1.5 positions. for unrecognized tax benefits with regard to existing tax with regard to new tax positions for the year ending December The tax jurisdictions. 2006 , Brazil from 2011 , the Netherlands and China from 2015 , Mexico, Spain, Germany and the United Kingdom from 2016 , Canada and the U.S. from 2017 , India from fiscal year beginning April 1, 2018 and ending 2019 , and various U.S. state tax jurisdictions from 2011 . As previously reported, the Italian tax authorities have assessed additional tax due from the Company’s subsidiary, Quaker Italia S.r.l., relating to the tax years 2007 through 2015. The Company has filed for competent authority relief from these assessments under the Mutual Agreement Procedures (“MAP”) of the Organization for Economic Co-Operation and Development for all years except 2007. In 2020, the respective tax authorities in Italy, Spain and the Netherlands reached agreement with respect to the MAP proceedings which the Company has accepted. 1.6 Netherlands and Spain and expects to pay $ 2.4 Company believes it has adequate reserves for the remaining Houghton Italia, S.r.l through 2018. 5.5 this audit. accounting related to the Combination. Houghton’s former owners 5.5 purchase accounting. Houghton Deutschland GmbH is also under audit by preliminary audit findings, primarily related to 0.9 2021. 0.8 indemnification claim with Houghton’s $ 0.8 0.8

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 12 – Earnings Per Share The following table summarizes earnings per share calculations Three Months Ended March 31, 2021 2020 Basic earnings (loss) per common share Net income (loss) attributable to Quaker Chemical Corporation $ 38,615 $ (28,381) Less: (income) loss allocated to participating securities (154) 101 Net income (loss) available to common shareholders $ 38,461 $ (28,280) Basic weighted average common shares outstanding 17,785,370 17,672,525 Basic earnings (loss) per common share $ 2.16 $ (1.60) Diluted earnings (loss) per common share Net income (loss) attributable to Quaker Chemical Corporation $ 38,615 $ (28,381) Less: (income) loss allocated to participating securities (154) 101 Net income (loss) available to common shareholders $ 38,461 $ (28,280) Basic weighted average common shares outstanding 17,785,370 17,672,525 Effect of dilutive securities 70,607 — Diluted weighted average common shares outstanding 17,855,977 17,672,525 Diluted earnings (loss) per common share $ 2.15 $ (1.60) Certain stock options and restricted stock units are not included in the diluted earnings (loss) per share calculation when the effect would have been anti-dilutive. The calculated amount of anti-diluted shares not included was 2,083 for the three months ended March 31, 2021. All of the Company’s potentially dilutive shares for the three months ended March 31, 2020 are anti-dilutive and not included in the dilutive loss per share calculations because of the Company’s net loss during the period.

Restricted Cash

Restricted Cash	3 Months Ended
	Mar. 31, 2021
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Cash And Cash Equivalents Disclosure [Text Block]	Note 13 – Restricted Cash Prior to December 2020, the Company had restricted cash recorded in other assets related to proceeds from an inactive subsidiary of the Company which previously executed separate settlement and release agreements with two of its insurance carriers for an original total value of $35.0 million. The proceeds of both settlements were restricted and could only be used to pay claims and costs of defense associated with the subsidiary’s asbestos litigation. The proceeds of the settlement and release agreements were deposited into interest bearing accounts that earned less than $0.1 million offset by $0.2 million of net payments during the three months ended March 31, 2020. liabilities for an equal and offsetting amount 10-K, during December 2020, the restrictions ended the cash into an operating account. The following table provides a reconciliation of cash, as December 31, 2020 and 2019: March 31, December 31, 2021 2020 2020 2019 Cash and cash equivalents $ 163,455 $ 316,437 $ 181,833 $ 123,524 Restricted cash included in other current assets — 34 62 353 Restricted cash included in other assets — 19,480 — 19,678 Cash, cash equivalents and restricted cash $ 163,455 $ 335,951 $ 181,895 $ 143,555

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets Disclosure [Text Block]	Note 14 – Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill for the Global Specialty Americas EMEA Asia/Pacific Businesses Total Balance as of December 31, 2020 $ 213,242 $ 140,162 $ 158,090 $ 119,718 $ 631,212 Goodwill additions 1,093 2,626 1,308 25 5,052 Currency translation adjustments (731) (3,925) (956) (3,078) (8,690) Balance as of March 31, $ 213,604 $ 138,863 $ 158,442 $ 116,665 $ 627,574 Gross carrying amounts and accumulated amortization 2020 were as follows: Gross Carrying Accumulated Amount Amortization 2021 2020 2021 2020 Customer lists and rights to sell $ 846,052 $ 839,551 $ 110,997 $ 99,806 Trademarks, formulations and product 167,144 166,448 32,533 30,483 Other 6,320 6,372 5,743 5,824 Total definite $ 1,019,516 $ 1,012,371 $ 149,273 $ 136,113 The Company amortizes definite-lived intangible assets on $ 14.8 14.0 Estimated annual aggregate amortization expense for For the year ended December 31, 2021 $ 59,372 For the year ended December 31, 2022 59,096 For the year ended December 31, 2023 58,927 For the year ended December 31, 2024 58,427 For the year ended December 31, 2025 57,710 For the year ended December 31, 2026 57,484 The Company has four indefinite-lived intangible 205.1 2020, including $ 204.0 Goodwill and intangible assets that have indefinite lives are impairment. quarter of each year. reporting units or indefinite-lived or long-lived assets. The Company previously disclosed in its 2020 Form 10-K COVID-19 did not represent a triggering event with except for the Company’s estimated fair value of the Houghton and Fluidcare royalty valuation method, including assumptions with respect to the weighted average rates and terminal growth rates. legacy Houghton net sales during that year and the impact an increase in the WACC fair values of the Houghton and Fluidcare trademarks result, an impairment charge of $ 38.0 intangible assets to their estimated fair values. As of March 31, 2021, the Company continued to evaluate the volatility and uncertainty in the economic outlook as a result of not that the carrying value of any of the Company’s recoverable. the Company concluded that the impact of COVID-19 continue to evaluate the impact of COVID-19 on the Company’s worsen or projections of the timeline for recovery are impact from COVID-19 requires the need to perform impairment charges in the future.

Debt

Debt	3 Months Ended
	Mar. 31, 2021
Debt [Abstract]
Debt Disclosure [Text Block]	Note 15 – Debt Debt as of March 31, 2021 and December 31, 2020 includes As of March 31, 2021 As of December 31, 2020 Interest Outstanding Interest Outstanding Rate Balance Rate Balance Credit Facilities: Revolver 1.61% $ 190,000 1.65% $ 160,000 U.S. Term Loan 1.61% 562,500 1.65% 570,000 EURO Term Loan 1.50% 148,210 1.50% 157,062 Industrial development bonds 5.26% 10,000 5.26% 10,000 Bank lines of credit and other debt obligations Various 2,377 Various 2,072 Total debt $ 913,087 $ 899,134 Less: debt issuance costs (10,324) (11,099) Less: short-term and current portion of long-term debts (43,330) (38,967) Total long $ 859,433 $ 849,068 Credit facilities The Company’s primary 400.0 revolver (the “Revolver”), a $ 600.0 150.0 million (as of August 1, 2019) Euro equivalent term loan (the “Term Loans”) August 2024. borrowers. 300.0 request if there are lenders who agree to accept additional Borrowings under the Credit Facility bear interest at a base consolidated net leverage ratio. ceases to be reported. three months ended March 31, 2021 was approximately 1.6 %. Facility, the Company 0.2 % to 0.3 % depending on the Company’s leverage ratio to the lenders under the Revolver in capacity under the Revolver of approximately $ 204 6 2021. The Credit Facility is subject to certain financial and The Company’s initial consolidated net debt to consolidated adjusted EBITDA ratio could not exceed 4.25 to 1, with step downs in the permitted ratio over the term of the Credit Facility. As of March 31, 2021, the consolidated net debt to adjusted EBITDA may not exceed 4.00 to 1. The Company’s consolidated adjusted EBITDA to interest expense ratio cannot be less than 3.0 to 1 over the term of the agreement. The Credit Facility also prohibits the payment of cash dividends if the Company is in default or if the amount of the dividend paid annually exceeds the greater of $50.0 million and 20% of consolidated adjusted EBITDA unless the ratio of consolidated net debt to consolidated adjusted EBITDA is less than 2.0 to 1, in which case there is no such limitation on amount. As of March 31, 2021 and December 31, 2020, the Company was in compliance with all of the Credit Facility covenants . principal amortization during their five-year terms, 5.0 % amortization of the principal balance due in years 7.5 % in year 3, and 10.0 % in years 4 and 5, with the remaining principal amount due at the Company made quarterly amortization payments 9.6 by certain of the Company’s Company and the domestic subsidiary guarantors, guaranteed only by certain foreign subsidiaries on an unsecured The Credit Facility required the Company to fix its variable satisfy this requirement as well as to manage the in November 2019, the Company entered into $ 170.0 1.64 % plus an applicable margin as provided in the Credit time the Company entered into the swaps, and as rate plus an applicable margin, was 3.1 %. The Company capitalized $ 23.7 Approximately $ 15.5 term debt on the Company’s 8.3 attributed to the Revolver and recorded within other assets on capitalized costs are being amortized into interest expense December 31, 2020, the Company had $ 10.3 11.1 long-term debt. 5.5 5.9 issuance costs recorded within other assets. Industrial development bonds As of March 31, 2021 and December 31, 2020, $ 10.0 2028 . Bank lines of credit and other The Company has certain unsecured bank lines of credit collateralized. free municipality-related loans, local credit facilities of capacity under these arrangements as of March 31, 40 In addition to the bank letters of credit described in sheet arrangements include certain financial and other outstanding as of March 31, 2021 were approximately 9 The Company incurred the following debt related expenses Statements of Operations: Three Months Ended March 31, 2021 2020 Interest expense $ 4,650 $ 7,712 Amortization of debt issuance costs 1,187 1,187 Total $ 5,837 $ 8,899 Based on the variable interest rates associated with the Credit at which the Company’s

Equity and Noncontrolling Inter

Equity and Noncontrolling Interest	3 Months Ended
	Mar. 31, 2021
Stockholders Equity [Abstract]
Stockholders Equity Note Disclosure [Text Block]	Note 16 – Equity The following tables present the changes in equity, Accumulated Capital in Other Common Excess of Retained Comprehensive Noncontrolling Stock Par Value Earnings Loss Interest Total Balance at December 31, 2020 $ 17,851 $ 905,171 $ 423,940 $ (26,598) $ 550 $ 1,320,914 Net income — — 38,615 — 17 38,632 Amounts reported in other comprehensive loss — — — (26,630) (2) (26,632) Dividends ($ 0.395 — — (7,062) — — (7,062) Share issuance and equity-based compensation plans 24 3,577 — — — 3,601 Balance at March 31, 2021 $ 17,875 $ 908,748 $ 455,493 $ (53,228) $ 565 $ 1,329,453 Balance at December 31, 2019 $ 17,735 $ 888,218 $ 412,979 $ (78,170) $ 1,604 $ 1,242,366 Cumulative effect of an accounting change — — (402) — — (402) Balance at January 1, 2020 17,735 888,218 412,577 (78,170) 1,604 1,241,964 Net (loss) income — — (28,381) — 37 (28,344) Amounts reported in other comprehensive — — — (43,354) (132) (43,486) Dividends ($ 0.385 — — (6,834) — — (6,834) Acquisition of noncontrolling interest — (707) — — (340) (1,047) Distributions to noncontrolling affiliate shareholders — — — — (751) (751) Share issuance and equity-based compensation plans 17 1,022 — — — 1,039 Balance at March 31, 2020 $ 17,752 $ 888,533 $ 377,362 $ (121,524) $ 418 $ 1,162,541 The following tables show the reclassifications from and and 2020: Defined Unrealized Currency Benefit Gain (Loss) in Translation Retirement Available-for Derivative Adjustments Plans Sale Securities Instruments Total Balance at December 31, 2020 $ (2,875) $ (23,467) $ 3,342 $ (3,598) $ (26,598) Other comprehensive (loss) income before reclassifications (25,459) 781 (745) 730 (24,693) Amounts reclassified from AOCI — 862 (3,085) — (2,223) Current period other comprehensive (loss) income (25,459) 1,643 (3,830) 730 (26,916) Related tax amounts — (351) 805 (168) 286 Net current period other comprehensive (loss) income (25,459) 1,292 (3,025) 562 (26,630) Balance at March 31, 2021 $ (28,334) $ (22,175) $ 317 $ (3,036) $ (53,228) Balance at December 31, 2019 $ (44,568) $ (34,533) $ 1,251 $ (320) $ (78,170) Other comprehensive (loss) income before reclassifications (54,619) 828 (2,135) (5,170) (61,096) Amounts reclassified from AOCI — 24,366 (32) — 24,334 Current period other comprehensive (loss) income (54,619) 25,194 (2,167) (5,170) (36,762) Related tax amounts — (8,237) 456 1,189 (6,592) Net current period other comprehensive (loss) income (54,619) 16,957 (1,711) (3,981) (43,354) Balance at March 31, 2020 $ (99,187) $ (17,576) $ (460) $ (4,301) $ (121,524) All reclassifications related to unrealized gain (loss) in captive insurance company and are recorded in equity comprehensive income for non-controlling interest are

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 17 – Fair Value The Company has valued its company-owned life insurance measurement as follows: Fair Value Total Using Fair Value Assets Fair Value Level 1 Level 2 Level 3 Company-owned life insurance $ 2,015 $ — $ 2,015 $ — Total $ 2,015 $ — $ 2,015 $ — Fair Value Total Using Fair Value Assets Fair Value Level 1 Level 2 Level 3 Company-owned life insurance $ 1,961 $ — $ 1,961 $ — Total $ 1,961 $ — $ 1,961 $ — The fair values of Company-owned life insurance assets are based terms. disclosures have not been included.

Hedging Activities

Hedging Activities	3 Months Ended
	Mar. 31, 2021
General Discussion Of Derivative Instruments And Hedging Activities [Abstract]
Derivative Instruments And Hedging Activities Disclosure [Text Block]	Note 18 – Hedging Activities In order to satisfy certain requirements of the Credit rate risk associated with the Credit Facility, 170.0 year interest rate swaps. designated as cash flow hedges and, as such, the contracts losses are included in AOCI to the extent effective effects earnings or it becomes probable that The balance sheet classification and fair values of the follows: Fair Value Condensed Consolidated March 31, December 31, Balance Sheet Location 2021 2020 Derivatives designated as cash flow hedges: Interest rate swaps Other non-current liabilities $ 3,943 $ 4,672 $ 3,943 $ 4,672 The following table presents the net unrealized loss deferred to March 31, December 31, 2021 2020 Derivatives designated as cash flow hedges: Interest rate swaps AOCI $ 3,036 $ 3,598 $ 3,036 $ 3,598 The following table presents the net gain reclassified from Three Months Ended March 31, 2021 2020 Amount and location of (expense) income reclassified Interest expense, net $ (643) $ 19 Interest rate swaps are entered into with a limited number contracts through a single payment in a single currency accordance with the Company’s Condensed Consolidated Balance Sheets.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments And Contingencies Disclosure [Text Block]	Note 19 – Commitments and Contingencies The Company previously disclosed in its 2020 Form 10-K operating a groundwater treatment system to hydraulically principal contaminant of which is perchloroethylene. closure of the groundwater treatment system, but continues As of March 31, 2021, the Company believes that the range water remediation program is approximately $ 0.1 1.0 of operation of the treatment system as determined maintenance of the extraction well, groundwater monitoring The Company previously disclosed in its 2020 Form 10-K sold certain products containing asbestos, primarily injury due to exposure to asbestos. or circumstances of this previously disclosed matter, Based on a continued analysis of the existing and anticipated subsidiary’s total liability 0.4 The Company previously disclosed in its 2020 Form 10-K domestic and foreign properties currently or previously Company to perform long-term monitoring as well as operating months ended March 31, 2021, there have been no matters, aside from on-going monitoring and maintenance Company continually evaluates its obligations related to such incurred over the next 28 years, has estimated the present discounted basis, to be between approximately $ 5 6 5.7 within other accrued liabilities and other non-current 31, 2021. 6.0 The Company believes, although there can be no assurance it has made adequate accruals for costs associated with other 0.1 million were accrued as of both March 31, 2021 and assessments and remediation costs. The Company previously disclosed in its 2020 Form 10-K from a taxing authority in a country where certain applicable to certain products the subsidiary sells. potential liabilities that may be due from the Company’s Company’s ultimate liability interpreted differently among other peer companies has performed an evaluation of the applicability of this available to the Company at this time is only sufficient considered a better estimate than another. have been no significant changes to the facts or circumstances of between the Company and the taxing authority related liability of $ 1.7 interest and taking into account applicable statutes of limitations. in the Combination and for periods prior to the Combination, former owners related to this potential indirect tax liability. $ 1.1 noted, the Company believes there is substantial uncertainty this indirect tax. that may be assessed under these indirect tax laws, would 0.6 38 $ 10 22 Houghton’s former owners. The Company is party to other litigation which management Company’s results of purchase obligations.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis Of Accounting Policy [Policy Text Block]	The condensed consolidated financial statements included herein been prepared in accordance with generally accepted reporting and the United States Securities and Exchange Commission disclosures normally included in financial statements prepared pursuant to such rules and regulations. necessary for a fair statement of the financial position, three months ended March 31, 2021 are not necessarily statements should be read in conjunction with the Company’s 2020 (the “2020 Form 10-K”).
Segment Reporting, Policy [Policy Text Block]	The Company’s operating internal organization, the method by which decision maker assesses the Company’s four Asia/Pacific; and (iv) Global Specialty Businesses. each respective region, excluding net sales and operations includes the Company’s
Revenue Recognition [Policy Text Block]	The Company applies the five-step model in the FASB’s customer; (ii) identify the performance obligations in price to the performance obligations in the contract; and obligation. including its practical expedients and accounting policy The Company recognizes a contract asset or receivable performs a service or transfers a good in advance is unconditional and only the passage of time is required Company’s right to consideration A contract liability is recognized when the Company consideration, in advance of performance. for which the Company has received consideration, contract liabilities primarily represent deferred revenue Company satisfying the associated performance obligation. Company’s Condensed
Revenue From Contract With Customer [Policy Text Block]	As part of the Company’s the Company acts as a principal, revenues are recognized Where the Company acts as an agent, revenue is recognized on the Company for ordering the goods.
Goodwill And Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill and intangible assets that have indefinite lives are impairment. quarter of each year. reporting units or indefinite-lived or long-lived assets.
Lessee Leases [Policy Text Block]	The Company determines if an arrangement is a lease arrangement conveys the right to control the use of an consideration. substantially all of the economic benefits from the use leases is recognized when the obligation is incurred.
Credit Loss Financial Instrument [Policy Text Block]	The Company recognizes an allowance for credit losses, which represents the portion over the contractual life, considering past events Company’s allowance each outstanding receivable and customer, estimates for certain past due aging categories, and amounts determined to be uncollectible.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Measurement December 22, December 22, Period 2020 2020 (1) Adjustments (as adjusted) Cash and cash equivalents $ 958 $ — $ 958 Accounts receivable 8,473 — 8,473 Inventories 4,527 — 4,527 Prepaid expenses and other assets 181 — 181 Property, plant and 10,467 652 11,119 Intangible assets 30,300 (500) 29,800 Goodwill 2,814 53 2,867 Total assets purchased 57,720 205 57,925 Long-term debt including current portions and finance leases 183 556 739 Accounts payable, accrued expenses and other accrued 3,482 — 3,482 Total liabilities assumed 3,665 556 4,221 Total consideration 54,055 (351) 53,704 Less: estimated purchase price settlement — (351) (351) Less: cash acquired 958 — 958 Net cash paid for Coral $ 53,097 $ — $ 53,097

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting Measurement Disclosures [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended March 31, 2021 2020 Net sales Americas $ 134,871 $ 129,896 EMEA 119,814 104,839 Asia/Pacific 96,706 73,552 Global Specialty Businesses 78,392 70,274 Total $ 429,783 $ 378,561 Segment operating earnings Americas $ 32,234 $ 29,188 EMEA 25,244 18,359 Asia/Pacific 27,478 19,541 Global Specialty Businesses 24,169 20,560 Total 109,125 87,648 Combination, integration and other acquisition-related (5,815) (7,878) Restructuring and related charges (1,175) (1,716) Fair value step up of acquired inventory sold (801) — Indefinite-lived intangible asset impairment — (38,000) Non-operating and administrative expenses (40,992) (38,451) Depreciation of corporate assets and amortization (15,448) (14,047) Operating income (loss) 44,894 (12,444) Other income (expense), net 4,687 (21,175) Interest expense, net (5,470) (8,461) Income (loss) before taxes and equity in net income of $ 44,111 $ (42,080)

Net Sales and Revenue Recogni_2

Net Sales and Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2021
Disaggregation Of Revenue [Abstract]
Disaggregation Of Revenue [Table Text Block]	Three Months Ended March 31, Consolidated Americas EMEA Asia/Pacific Total Customer Industries Metals $ 46,793 $ 34,274 $ 49,743 $ 130,810 Metalworking and other 88,078 85,540 46,963 220,581 134,871 119,814 96,706 351,391 Global Specialty Businesses 45,256 20,272 12,864 78,392 $ 180,127 $ 140,086 $ 109,570 $ 429,783 Timing of Revenue Recognized Product sales at a point in time $ 171,594 $ 131,162 $ 106,399 $ 409,155 Services transferred over time 8,533 8,924 3,171 20,628 $ 180,127 $ 140,086 $ 109,570 $ 429,783 Three Months Ended March 31, Consolidated Americas EMEA Asia/Pacific Total Customer Industries Metals $ 46,673 $ 29,888 $ 41,589 $ 118,150 Metalworking and other 83,223 74,951 31,963 190,137 129,896 104,839 73,552 308,287 Global Specialty Businesses 44,231 16,605 9,438 70,274 $ 174,127 $ 121,444 $ 82,990 $ 378,561 Timing of Revenue Recognized Product sales at a point in time $ 168,802 $ 118,423 $ 81,156 $ 368,381 Services transferred over time 5,325 3,021 1,834 10,180 $ 174,127 $ 121,444 $ 82,990 $ 378,561

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Operating Leases Of Lessee Disclosure [Text Block]	March 31, December 31, 2021 2020 Right of use lease assets $ 38,027 $ 38,507 Other current liabilities 10,419 10,901 Long-term lease liabilities 27,050 27,070 Total operating $ 37,469 $ 37,971 Weighted average 5.9 6.0 Weighted average 4.26% 4.20%
Lessee Operating Lease Liability Maturity [Table Text Block]	March 31, 2021 For the remainder of 2021 $ 9,269 For the year ended December 31, 2022 9,042 For the year ended December 31, 2023 6,932 For the year ended December 31, 2024 5,194 For the year ended December 31, 2025 4,211 For the year ended December 31, 2026 and beyond 8,116 Total lease payments 42,764 Less: imputed interest (5,295) Present value of lease liabilities $ 37,469

Restructuring Activities (Table

Restructuring Activities (Tables)	3 Months Ended
	Mar. 31, 2021
Restructuring And Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	QH Program Accrued restructuring as of December 31, 2020 $ 8,248 Restructuring and related charges 1,175 Cash payments (3,034) Currency translation adjustments (419) Accrued restructuring as of March 31, 2021 $ 5,970

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2021
Disclosure Of Compensation Related Costs Share based Payments [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	Three Months Ended March 31, 2021 2020 Stock options $ 308 $ 432 Non-vested stock awards and restricted stock units 1,396 1,264 Non-elective and elective 401(k) matching contribution in 1,553 — Director stock ownership plan 203 40 Performance stock units 319 — Annual incentive plan — 2,946 Total share-based $ 3,779 $ 4,682
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Number of options granted 23,733 Dividend yield 0.85 % Expected volatility 37.33 % Risk-free interest rate 0.60 % Expected term (years) 4.0

Pension and Postretirement Be_2

Pension and Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2021
General Discussion Of Pension And Other Postretirement Benefits [Abstract]
Schedule Of Net Benefit Costs [Table Text Block]	Three Months Ended March 31, Other Pension Benefits Postretirement Benefits 2021 2020 2021 2020 Service cost $ 316 $ 1,174 $ 1 $ 2 Interest cost 1,090 1,769 11 26 Expected return on plan assets (2,082) (1,959) — — Settlement loss — 22,667 — — Actuarial loss amortization 855 1,047 — 15 Prior service (credit) cost amortization 2 (40) — — Total net periodic $ 181 $ 24,658 $ 12 $ 43

Other Income (Expense) (Tables)

Other Income (Expense) (Tables)	3 Months Ended
	Mar. 31, 2021
Other Income And Expenses [Abstract]
Schedule Of Other Nonoperating Income (Expense) [Table Text Block]	Three Months Ended March 31, 2021 2020 Income from third party license fees $ 339 $ 304 Foreign exchange (losses) gains, net (1,478) 821 Gain on disposals of property, 5,410 2 Non-income tax refunds and other related credits 97 1,299 Pension and postretirement benefit costs, non-service components 124 (23,525) Other non-operating income (expense), net 195 (76) Total other $ 4,687 $ (21,175)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2021 2020 Basic earnings (loss) per common share Net income (loss) attributable to Quaker Chemical Corporation $ 38,615 $ (28,381) Less: (income) loss allocated to participating securities (154) 101 Net income (loss) available to common shareholders $ 38,461 $ (28,280) Basic weighted average common shares outstanding 17,785,370 17,672,525 Basic earnings (loss) per common share $ 2.16 $ (1.60) Diluted earnings (loss) per common share Net income (loss) attributable to Quaker Chemical Corporation $ 38,615 $ (28,381) Less: (income) loss allocated to participating securities (154) 101 Net income (loss) available to common shareholders $ 38,461 $ (28,280) Basic weighted average common shares outstanding 17,785,370 17,672,525 Effect of dilutive securities 70,607 — Diluted weighted average common shares outstanding 17,855,977 17,672,525 Diluted earnings (loss) per common share $ 2.15 $ (1.60)

Restricted Cash (Tables)

Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2021
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Schedule Of Cash And Cash Equivalents [Table Text Block]	March 31, December 31, 2021 2020 2020 2019 Cash and cash equivalents $ 163,455 $ 316,437 $ 181,833 $ 123,524 Restricted cash included in other current assets — 34 62 353 Restricted cash included in other assets — 19,480 — 19,678 Cash, cash equivalents and restricted cash $ 163,455 $ 335,951 $ 181,895 $ 143,555

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Global Specialty Americas EMEA Asia/Pacific Businesses Total Balance as of December 31, 2020 $ 213,242 $ 140,162 $ 158,090 $ 119,718 $ 631,212 Goodwill additions 1,093 2,626 1,308 25 5,052 Currency translation adjustments (731) (3,925) (956) (3,078) (8,690) Balance as of March 31, $ 213,604 $ 138,863 $ 158,442 $ 116,665 $ 627,574
Schedule Of Finite Lived Intangible Assets [Table Text Block]	Gross Carrying Accumulated Amount Amortization 2021 2020 2021 2020 Customer lists and rights to sell $ 846,052 $ 839,551 $ 110,997 $ 99,806 Trademarks, formulations and product 167,144 166,448 32,533 30,483 Other 6,320 6,372 5,743 5,824 Total definite $ 1,019,516 $ 1,012,371 $ 149,273 $ 136,113
Schedule of Finite Lived Intangible Assets Future Amortization Expense [TableText Block]	For the year ended December 31, 2021 $ 59,372 For the year ended December 31, 2022 59,096 For the year ended December 31, 2023 58,927 For the year ended December 31, 2024 58,427 For the year ended December 31, 2025 57,710 For the year ended December 31, 2026 57,484

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt [Abstract]
Schedule Of Debt [Table Text Block]	As of March 31, 2021 As of December 31, 2020 Interest Outstanding Interest Outstanding Rate Balance Rate Balance Credit Facilities: Revolver 1.61% $ 190,000 1.65% $ 160,000 U.S. Term Loan 1.61% 562,500 1.65% 570,000 EURO Term Loan 1.50% 148,210 1.50% 157,062 Industrial development bonds 5.26% 10,000 5.26% 10,000 Bank lines of credit and other debt obligations Various 2,377 Various 2,072 Total debt $ 913,087 $ 899,134 Less: debt issuance costs (10,324) (11,099) Less: short-term and current portion of long-term debts (43,330) (38,967) Total long $ 859,433 $ 849,068
Interest Income And Interest Expense Disclosure [Table Text Block]	Three Months Ended March 31, 2021 2020 Interest expense $ 4,650 $ 7,712 Amortization of debt issuance costs 1,187 1,187 Total $ 5,837 $ 8,899

Equity and Noncontrolling Int_2

Equity and Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2021
Stockholders Equity [Abstract]
Schedule of Stockholders Equity [Table Text Block]	Accumulated Capital in Other Common Excess of Retained Comprehensive Noncontrolling Stock Par Value Earnings Loss Interest Total Balance at December 31, 2020 $ 17,851 $ 905,171 $ 423,940 $ (26,598) $ 550 $ 1,320,914 Net income — — 38,615 — 17 38,632 Amounts reported in other comprehensive loss — — — (26,630) (2) (26,632) Dividends ($ 0.395 — — (7,062) — — (7,062) Share issuance and equity-based compensation plans 24 3,577 — — — 3,601 Balance at March 31, 2021 $ 17,875 $ 908,748 $ 455,493 $ (53,228) $ 565 $ 1,329,453 Balance at December 31, 2019 $ 17,735 $ 888,218 $ 412,979 $ (78,170) $ 1,604 $ 1,242,366 Cumulative effect of an accounting change — — (402) — — (402) Balance at January 1, 2020 17,735 888,218 412,577 (78,170) 1,604 1,241,964 Net (loss) income — — (28,381) — 37 (28,344) Amounts reported in other comprehensive — — — (43,354) (132) (43,486) Dividends ($ 0.385 — — (6,834) — — (6,834) Acquisition of noncontrolling interest — (707) — — (340) (1,047) Distributions to noncontrolling affiliate shareholders — — — — (751) (751) Share issuance and equity-based compensation plans 17 1,022 — — — 1,039 Balance at March 31, 2020 $ 17,752 $ 888,533 $ 377,362 $ (121,524) $ 418 $ 1,162,541
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Defined Unrealized Currency Benefit Gain (Loss) in Translation Retirement Available-for Derivative Adjustments Plans Sale Securities Instruments Total Balance at December 31, 2020 $ (2,875) $ (23,467) $ 3,342 $ (3,598) $ (26,598) Other comprehensive (loss) income before reclassifications (25,459) 781 (745) 730 (24,693) Amounts reclassified from AOCI — 862 (3,085) — (2,223) Current period other comprehensive (loss) income (25,459) 1,643 (3,830) 730 (26,916) Related tax amounts — (351) 805 (168) 286 Net current period other comprehensive (loss) income (25,459) 1,292 (3,025) 562 (26,630) Balance at March 31, 2021 $ (28,334) $ (22,175) $ 317 $ (3,036) $ (53,228) Balance at December 31, 2019 $ (44,568) $ (34,533) $ 1,251 $ (320) $ (78,170) Other comprehensive (loss) income before reclassifications (54,619) 828 (2,135) (5,170) (61,096) Amounts reclassified from AOCI — 24,366 (32) — 24,334 Current period other comprehensive (loss) income (54,619) 25,194 (2,167) (5,170) (36,762) Related tax amounts — (8,237) 456 1,189 (6,592) Net current period other comprehensive (loss) income (54,619) 16,957 (1,711) (3,981) (43,354) Balance at March 31, 2020 $ (99,187) $ (17,576) $ (460) $ (4,301) $ (121,524)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Total Using Fair Value Assets Fair Value Level 1 Level 2 Level 3 Company-owned life insurance $ 2,015 $ — $ 2,015 $ — Total $ 2,015 $ — $ 2,015 $ — Fair Value Total Using Fair Value Assets Fair Value Level 1 Level 2 Level 3 Company-owned life insurance $ 1,961 $ — $ 1,961 $ — Total $ 1,961 $ — $ 1,961 $ —

Hedging Activities (Tables)

Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2021
General Discussion Of Derivative Instruments And Hedging Activities [Abstract]
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Fair Value Condensed Consolidated March 31, December 31, Balance Sheet Location 2021 2020 Derivatives designated as cash flow hedges: Interest rate swaps Other non-current liabilities $ 3,943 $ 4,672 $ 3,943 $ 4,672 March 31, December 31, 2021 2020 Derivatives designated as cash flow hedges: Interest rate swaps AOCI $ 3,036 $ 3,598 $ 3,036 $ 3,598 Three Months Ended March 31, 2021 2020 Amount and location of (expense) income reclassified Interest expense, net $ (643) $ 19

Condensed Financial Informati_2

Condensed Financial Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Reclassification [Line Items]
Cost of goods sold	$ 273,589	$ 244,710
Number Of Countries In Which Entity Operates	25
Number Of Reportable Segments	4
Schedule of Equity Method Investments [Line Items]
Equity Method Investment	$ 96,213		$ 95,785
Argentina Subsidiary [Member]
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts [Line Items]
Amount Recognized In Income Due To Inflationary Accounting	$ 200	$ 100
Argentina Assets Total [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	1.00%
Argentina Sales Revenue Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	1.00%

Business Combination- Other (De

Business Combination- Other (Details) $ in Thousands, € in Millions, £ in Millions, kr in Millions, R in Millions	3 Months Ended
	Mar. 31, 2021EUR (€)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2020DKK (kr)	Jun. 30, 2020USD ($)	Mar. 31, 2020GBP (£)	Mar. 31, 2020USD ($)	Mar. 31, 2020ZAR (R)	Dec. 31, 2019GBP (£)	Dec. 22, 2020USD ($)
Business Acquisition [Line Items]
Cash Paid for Acquisitions		$ 26,655					$ 3,160
Goodwill, Acquired During Period		5,052
South Africa [Member]
Business Acquisition [Line Items]
Cash Paid for Acquisitions							$ 1,000	R 16.7
Equity Method Investment, Ownership Percentage						49.00%	49.00%	49.00%
Adjustments To Additional Paid In Capital Other							$ 700
Tel Nordic ApS[Member]
Business Acquisition [Line Items]
Cash Paid for Acquisitions				kr 20	$ 2,900
Intangible assets					$ 2,400
Intangible Assets, Amortizable Life				17 years	17 years
Goodwill, Acquired During Period					$ 500
Business Combination Measurement Period						1 year	1 year	1 year
Post Closing Adjustment				kr 0.4	$ 100
Tin Plating Solutions [Member]
Business Acquisition [Line Items]
Cash Paid for Acquisitions		25,000
Intangible assets		19,600
Goodwill, Acquired During Period		$ 5,000
Business Combination Measurement Period	1 year	1 year
Tin Plating Solutions [Member] | Customer Lists [Member]
Business Acquisition [Line Items]
Intangible assets		$ 18,300
Intangible Assets, Amortizable Life	19 years	19 years
Tin Plating Solutions [Member] | Product Technology [Member]
Business Acquisition [Line Items]
Intangible assets		$ 900
Intangible Assets, Amortizable Life	14 years	14 years
Tin Plating Solutions [Member] | Licensed Trademark [Member]
Business Acquisition [Line Items]
Intangible assets		$ 400
Intangible Assets, Amortizable Life	3 years	3 years
Grindaix GmbH [Member]
Business Acquisition [Line Items]
Cash Paid for Acquisitions	€ 1.4	$ 1,700
Business Acquisition, Percentage of Voting Interests Acquired		38.00%
Coral Chemical Company [Member]
Business Acquisition [Line Items]
Cash Paid for Acquisitions			$ 54,100
Intangible assets										$ 29,800
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed, Net										$ 53,097
Business Combination Measurement Period			1 year
Post Closing Adjustment			$ 400
Norman Hay [Member]
Business Acquisition [Line Items]
Cash Paid for Acquisitions | £									£ 80
Post Closing Adjustment | £						£ 2.5

Business Combinations - Purchas

Business Combinations - Purchase accounting (Details) - Coral Chemical Company [Member] $ in Thousands	Dec. 22, 2020USD ($)
Business Acquisition [Line Items]
Cash and cash equivalents	$ 958
Accounts receivable, net	8,473
Inventories, net	4,527
Prepaid expenses and other assets	181
Property, plant and equipment	11,119
Intangible assets	29,800
Goodwill	2,867
Total assets purchased	57,925
Long-term debt included current portions	739
Accounts payable, accrued expenses and other current liabilities	3,482
Total liabilities assumed	4,221
Total consideration paid	53,704
Cash Acquired	958
Estimated Purchase Price Settlement	(351)
Net cash paid	53,097
As initially Reported[Member]
Business Acquisition [Line Items]
Cash and cash equivalents	958
Accounts receivable, net	8,473
Inventories, net	4,527
Prepaid expenses and other assets	181
Property, plant and equipment	10,467
Intangible assets	30,300
Goodwill	2,814
Total assets purchased	57,720
Long-term debt included current portions	183
Accounts payable, accrued expenses and other current liabilities	3,482
Total liabilities assumed	3,665
Total consideration paid	54,055
Cash Acquired	958
Estimated Purchase Price Settlement	0
Net cash paid	53,097
Measurement period adjustments [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	0
Accounts receivable, net	0
Inventories, net	0
Prepaid expenses and other assets	0
Property, plant and equipment	652
Intangible assets	(500)
Goodwill	53
Total assets purchased	205
Long-term debt included current portions	556
Accounts payable, accrued expenses and other current liabilities	0
Total liabilities assumed	556
Total consideration paid	(351)
Cash Acquired	0
Estimated Purchase Price Settlement	(351)
Net cash paid	$ 0

Business Segments (Details)

Business Segments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Net sales	$ 429,783	$ 378,561
Operating Earnings, Excluding Indirect Operating Expenses	$ 109,125	87,648
Number Of Reportable Segments	4
Reconciliation from Segment Totals to Consolidated [Abstract]
Combination, integration and other acquisition-related expenses	$ (5,815)	(7,878)
Restructuring and related charges	(1,175)	(1,716)
Fair value step up of acquired inventory sold	(801)	0
Indefinite-lived intangible asset impairment	0	(38,000)
Non-operating and administrative expenses	(40,992)	(38,451)
Depreciation of corporate assets and amortization	(15,448)	(14,047)
Operating income (loss)	44,894	(12,444)
Other income (expense), net	4,687	(21,175)
Interest expense, net	(5,470)	(8,461)
Income (loss) before taxes and equity in net income of associated companies	44,111	(42,080)
America's [Member]
Segment Reporting Information [Line Items]
Net sales	134,871	129,896
Operating Earnings, Excluding Indirect Operating Expenses	32,234	29,188
America's [Member] | Intersegment Elimination [Member]
Segment Reporting Information [Line Items]
Net sales	3,300	2,900
EMEA [Member]
Segment Reporting Information [Line Items]
Net sales	119,814	104,839
Operating Earnings, Excluding Indirect Operating Expenses	25,244	18,359
EMEA [Member] | Intersegment Elimination [Member]
Segment Reporting Information [Line Items]
Net sales	8,800	5,500
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Net sales	96,706	73,552
Operating Earnings, Excluding Indirect Operating Expenses	27,478	19,541
Asia Pacific [Member] | Intersegment Elimination [Member]
Segment Reporting Information [Line Items]
Net sales	100	100
Global Specialty Businesses [Member]
Segment Reporting Information [Line Items]
Net sales	78,392	70,274
Operating Earnings, Excluding Indirect Operating Expenses	24,169	20,560
Global Specialty Businesses [Member] | Intersegment Elimination [Member]
Segment Reporting Information [Line Items]
Net sales	$ 2,000	$ 1,300

Net Sales and Revenue Recogni_3

Net Sales and Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenues [Abstract]
Net Reporting Amount	$ 17.8	$ 12.5
Deferred Revenue	$ 6.3		$ 4
Top Five Customers Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			10.00%
Top Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			3.00%

Net Sales and Revenue Recogni_4

Net Sales and Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Product Information [Line Items]
Net sales	$ 429,783	$ 378,561
America's [Member]
Product Information [Line Items]
Net sales	134,871	129,896
EMEA [Member]
Product Information [Line Items]
Net sales	119,814	104,839
Asia Pacific [Member]
Product Information [Line Items]
Net sales	96,706	73,552
Transferred At Point In Time [Member]
Product Information [Line Items]
Net sales	409,155	368,381
Transferred At Point In Time [Member] | America's [Member]
Product Information [Line Items]
Net sales	171,594	168,802
Transferred At Point In Time [Member] | EMEA [Member]
Product Information [Line Items]
Net sales	131,162	118,423
Transferred At Point In Time [Member] | Asia Pacific [Member]
Product Information [Line Items]
Net sales	106,399	81,156
Transferred Over Time [Member]
Product Information [Line Items]
Net sales	20,628	10,180
Transferred Over Time [Member] | America's [Member]
Product Information [Line Items]
Net sales	8,533	5,325
Transferred Over Time [Member] | EMEA [Member]
Product Information [Line Items]
Net sales	8,924	3,021
Transferred Over Time [Member] | Asia Pacific [Member]
Product Information [Line Items]
Net sales	3,171	1,834
Metals [Member]
Product Information [Line Items]
Net sales	130,810	118,150
Metals [Member] | America's [Member]
Product Information [Line Items]
Net sales	46,793	46,673
Metals [Member] | EMEA [Member]
Product Information [Line Items]
Net sales	34,274	29,888
Metals [Member] | Asia Pacific [Member]
Product Information [Line Items]
Net sales	49,743	41,589
Metalworking And Other[Member]
Product Information [Line Items]
Net sales	220,581	190,137
Metalworking And Other[Member] | America's [Member]
Product Information [Line Items]
Net sales	88,078	83,223
Metalworking And Other[Member] | EMEA [Member]
Product Information [Line Items]
Net sales	85,540	74,951
Metalworking And Other[Member] | Asia Pacific [Member]
Product Information [Line Items]
Net sales	46,963	31,963
Global Specialty Businesses [Member]
Product Information [Line Items]
Net sales	78,392	70,274
Global Specialty Businesses [Member] | America's [Member]
Product Information [Line Items]
Net sales	45,256	44,231
Global Specialty Businesses [Member] | EMEA [Member]
Product Information [Line Items]
Net sales	20,272	16,605
Global Specialty Businesses [Member] | Asia Pacific [Member]
Product Information [Line Items]
Net sales	12,864	9,438
Total Sales With Global Specialty Businesses [Member]
Product Information [Line Items]
Net sales	429,783	378,561
Total Sales With Global Specialty Businesses [Member] | America's [Member]
Product Information [Line Items]
Net sales	180,127	174,127
Total Sales With Global Specialty Businesses [Member] | EMEA [Member]
Product Information [Line Items]
Net sales	140,086	121,444
Total Sales With Global Specialty Businesses [Member] | Asia Pacific [Member]
Product Information [Line Items]
Net sales	109,570	82,990
Total Sales Without Global Specialty Businesses [Member]
Product Information [Line Items]
Net sales	351,391	308,287
Total Sales Without Global Specialty Businesses [Member] | America's [Member]
Product Information [Line Items]
Net sales	134,871	129,896
Total Sales Without Global Specialty Businesses [Member] | EMEA [Member]
Product Information [Line Items]
Net sales	119,814	104,839
Total Sales Without Global Specialty Businesses [Member] | Asia Pacific [Member]
Product Information [Line Items]
Net sales	$ 96,706	$ 73,552

Leases Narrative (Details)

Leases Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating Lease Cost	$ 3,600,000	$ 3,400,000
Short Term Lease Cost	300,000	500,000
Operating Lease Payments	3,600,000	3,400,000
Right Of Use Asset Obtained In Exchange For Operating Lease Liability	3,100,000
Lessee Lease Description [Line Items]
Variable Lease Cost	0	0
Sublease Income	$ 0	$ 0
Land Member
Lessee Lease Description [Line Items]
Lessee Operating Lease Term Of Contract	94 years
Facilities, vehicles, and machinery and equipment [Member]
Lessee Lease Description [Line Items]
Lessee Operating Lease Term Of Contract	10 years

Leases Balance Sheet (Details)

Leases Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating Lease Right Of Use Asset	$ 38,027	$ 38,507
Operating Lease Liability Current	10,419	10,901
Operating Lease Liability Noncurrent	27,050	27,070
Operating Lease Liability	$ 37,469	$ 37,971
Operating Lease Weighted Average Remaining Lease Term 1	5 years 10 months 24 days	6 years
Operating Lease Weighted Average Discount Rate Percent	426.00%	420.00%

Leases Maturity of Lease Liabil

Leases Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Lessee, Operating Lease, Liability, Payments, Due Next Rolling Twelve Months [Abstract]
For the remainder of 2021	$ 9,269
For the year ended December 31, 2022	9,042
For the year ended December 31, 2023	6,932
For the year ended December 31, 2024	5,194
For the year ended December 31, 2025	4,211
For the year ended December 31, 2026 and beyond	8,116
Total lease payments	42,764
Less: imputed interest	(5,295)
Present value of lease liabilities	$ 37,469	$ 37,971

Restructuring Activities - Narr

Restructuring Activities - Narrative (Details)	3 Months Ended
	Mar. 31, 2021People
Restructuring And Related Activities [Abstract]
Restructuring And Related Cost Description	The Company’s management approved a global restructuring plan (the “QH Program”) as part of its plan to realize certain cost synergies associated with the Combination in the third quarter of 2019. The QH Program includes restructuring and associated severance costs to reduce total headcount by approximately 400 people globally, as well as plans for the closure of certain manufacturing and non-manufacturing facilities.
Restructuring And Related Cost Expected Number Of Positions Eliminated	400

Restructuring Activities (Detai

Restructuring Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Reserve [Roll Forward]
Accrued restructuring, beginning balance	$ 8,248
Restructuring and adjustments	1,175	$ 1,716
Cash payments	(3,034)
Currency translation adjustments	(419)
Accrued restructuring, ending balance	$ 5,970

Share-Based Compensation - Expe

Share-Based Compensation - Expense Table (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	$ 3,779	$ 4,682
Stock Options Compensation Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	308	432
Nonvested Stock Awards and Restricted Stock Unit Compensation Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	1,396	1,264
401 (k) Matching Stock Contribution Plan Compensation Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	1,553	0
Directors Stock Ownership Plan Compensation Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	203	40
Performance Incentive Stock Units [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	319	0
Annual Incentive Plan [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	$ 0	$ 2,946

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share Based Compensation [Line Items]
Allocated Share-based Compensation Expense	$ 3,779	$ 4,682
Stock Options [Member]
Share Based Compensation [Line Items]
Unrecognized Share-Based Compensation Expense, Stock Option Awards	$ 2,800
Weighted Average Remaining Life, Nonvested Stock Awards	2 years 6 months
Restricted Stock LTIP Plan [Member]
Share Based Compensation [Line Items]
Unrecognized Share-based Compensation Expense, Nonvested Stock Award	$ 6,300
Weighted Average Remaining Life, Nonvested Stock Awards	2 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	12,610
Restricted Stock Units (RSUs) LTIP Plan [Member]
Share Based Compensation [Line Items]
Unrecognized Share-based Compensation Expense, Nonvested Stock Award	$ 1,300
Weighted Average Remaining Life, Nonvested Stock Awards	2 years 3 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	2,791
Annual Incentive Plan [Member]
Share Based Compensation [Line Items]
Allocated Share-based Compensation Expense	$ 0	2,946
Combination And Other Acquisition Related [Member]
Share Based Compensation [Line Items]
Allocated Share-based Compensation Expense	300	500
Performance Incentive Stock Units [Member]
Share Based Compensation [Line Items]
Unrecognized Share-based Compensation Expense, Nonvested Stock Award	$ 4,800
Weighted Average Remaining Life, Nonvested Stock Awards	2 years 6 months
Allocated Share-based Compensation Expense	$ 319	$ 0
Defined Contribution Plan [Member]
Share Based Compensation [Line Items]
Defined Contribution Plan Employer Matching Contribution Percent	6.00%
Defined Contribution Plan Employer Matching Contribution Percent Maximum	3.00%
Defined Contribution Plan Employer Matching Contribution Percent Of Match	50.00%
Defined Contribution Plan Employer Discretionary Contribution Amount	$ 1,500

Share-Based Compensation - Opti

Share-Based Compensation - Options Grant (Details)	3 Months Ended
	Mar. 31, 2021shares
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Granted	23,733
Dividend Yield	0.85%
Expected Volatility	37.33%
Risk-free Interest Rate	0.60%
Expected Term (Years)	4 years
Performance Incentive Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Granted	28,000
Risk-free Interest Rate	0.29%
Expected Term (Years)	3 years
Vesting shares target lower percent	0.00%
Vesting shares target upper percent	200.00%

Pension and Postretirement Be_3

Pension and Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Mar. 31, 2019
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	$ 316		$ 1,174
Defined Benefit Plan, Interest Cost	1,090		1,769
Defined Benefit Plan, Expected Return on Plan Assets	(2,082)		(1,959)
Defined Benefit Plan, Settlement Charge	0		22,667
Defined Benefit Plan, Amortization of Losses	855		1,047
Defined Benefit Plan, Amortization of Prior Service Cost	2		(40)
Defined Benefit Plan, Net Periodic Benefit Cost	181		24,658
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	10,000
Defined Benefit Plan, Contributions by Employer	1,000
Defined Benefit Plan Effect Of Settlements And Curtailments On Accumulated Benefit Obligation			22,700
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	1		2
Defined Benefit Plan, Interest Cost	11		26
Defined Benefit Plan, Expected Return on Plan Assets	0		0
Defined Benefit Plan, Settlement Charge	0		0
Defined Benefit Plan, Amortization of Losses	0		15
Defined Benefit Plan, Amortization of Prior Service Cost	0		0
Defined Benefit Plan, Net Periodic Benefit Cost	12		$ 43
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	300
Defined Benefit Plan, Contributions by Employer	$ 100
Legacy Quaker [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Settlement Charge				$ (22,700)
Defined benefit plan settlement [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer		$ 1,800

Other Income (expense) - (Detai

Other Income (expense) - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Other Income And Expenses [Abstract]
Income from third party license fees	$ 339	$ 304
Foreign exchange (losses) gains, net	(1,478)	821
(Loss) gain on fixed asset disposals, net	5,410	2
Non-income tax refunds and other related credits	97	1,299
Pension and post retirement benefit income (costs), non-service components	124	(23,525)
Other operating income (expense), net	195	(76)
Total other income (expense), net	$ 4,687	$ (21,175)

Income Taxes and Uncertain Ta_2

Income Taxes and Uncertain Tax Positions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Continuing Operations	24.20%	31.10%
Unrecognized Tax Benefits, Interest on Income Taxes Expense	$ 0.1	$ 0.1
Unrecognized Tax Benefits, Interest on Income Taxes Accrued			$ 3
Unrecognized Tax Benefits, Income Tax Penalties Accrued	3.6		3.9
Unrecognized Tax Benefits, Income Tax Penalties Expense	0.1	0.1
Unrecognized Tax Benefits Tax Penalties Income	3
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations	0.3	$ 0.8
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]
Decrease In Unrecognized Tax Benefits Is Reasonably Possible	1.5		1.3
Unrecognized Tax Benefits	$ 23.5
Income Tax Examination [Line Items]
U.S. Tax Reform	As of December 31, 2020, the Company had a deferred tax liability of $5.9 million, which primarily represents the Company’s estimate of non-U.S. taxes it will incur to repatriate certain foreign earnings to the U.S. The balance as of March 31, 2021 was $6.5 million.
Deferred Tax Liabilities	$ 6.5		$ 5.9
Valuation Allowance Amount Related To Business Combination	5.5
Italy [Member]
Income Tax Examination [Line Items]
Business Combination Indemnification Assets Amount As Of Acquisition Date	5.5
Unrecognized tax Benefits Reserve	5.5
Germany [Member]
Income Tax Examination [Line Items]
Business Combination Indemnification Assets Amount As Of Acquisition Date	0.8
Unrecognized tax Benefits Reserve	$ 0.9
Foreign Tax Authority [Member] | The Netherlands [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2015
Foreign Tax Authority [Member] | United Kingdom [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2016
Foreign Tax Authority [Member] | Brazil [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2011
Foreign Tax Authority [Member] | Spain [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2016
Income Tax Examination Liability Refund Adjustment from Settlement with Taxing Authority	$ 1.6
Foreign Tax Authority [Member] | China [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2015
Foreign Tax Authority [Member] | Italy [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2006
Income Tax Examination Description	As previously reported, the Italian tax authorities have assessed additional tax due from the Company’s subsidiary, Quaker Italia S.r.l., relating to the tax years 2007 through 2015. The Company has filed for competent authority relief from these assessments under the Mutual Agreement Procedures (“MAP”) of the Organization for Economic Co-Operation and Development for all years except 2007. In 2020, the respective tax authorities in Italy, Spain and the Netherlands reached agreement with respect to the MAP proceedings which the Company has accepted.
Income Tax Examination Liability Refund Adjustment from Settlement with Taxing Authority	$ 2.4
Foreign Tax Authority [Member] | India [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2019
Foreign Tax Authority [Member] | Mexico [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2016
Foreign Tax Authority [Member] | Canada [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2017
Foreign Tax Authority [Member] | Germany [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2016
State and Local Jurisdiction [Member]
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination	2011

Earnings Per Share - Basic (Det

Earnings Per Share - Basic (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income (loss) attributable to Quaker Chemical Corporation	$ 38,615	$ (28,381)
Less: (income) loss allocated to participating securities	(154)	101
Net income (loss) available to common shareholders	$ 38,461	$ (28,280)
Basic weighted average common shares outstanding	17,785,370	17,672,525
Basic earnings (loss) per common share	$ 2.16	$ (1.60)

Earnings Per Share - Diluted (D

Earnings Per Share - Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income (loss) attributable to Quaker Chemical Corporation	$ 38,615	$ (28,381)
Less: (income) loss allocated to participating securities	(154)	101
Net income (loss) available to common shareholders	$ 38,461	$ (28,280)
Basic weighted average common shares outstanding	17,785,370	17,672,525
Effect of dilutive securities	70,607	0
Diluted weighted average common shares outstanding	17,855,977	17,672,525
Diluted earnings (loss) per common share	$ 2.15	$ (1.60)

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details)	3 Months Ended
	Mar. 31, 2021shares
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,083
Earnings Per Share Reconciliation Disclosure	Certain stock options and restricted stock units are not included in the diluted earnings (loss) per share calculation when the effect would have been anti-dilutive. The calculated amount of anti-diluted shares not included was 2,083 for the three months ended March 31, 2021. All of the Company’s potentially dilutive shares for the three months ended March 31, 2020 are anti-dilutive and not included in the dilutive loss per share calculations because of the Company’s net loss during the period.

Restricted Cash (Details)

Restricted Cash (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 163,455	$ 316,437	$ 181,833	$ 123,524
Restricted Cash Included in other current assets	0	34	62	353
Restricted Cash Included in other assets	0	19,480	0	19,678
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents	$ 163,455	335,951	$ 181,895	$ 143,555
Loss Contingency, Settlement Agreement, Terms	Prior to December 2020, the Company had restricted cash recorded in other assets related to proceeds from an inactive subsidiary of the Company which previously executed separate settlement and release agreements with two of its insurance carriers for an original total value of $35.0 million. The proceeds of both settlements were restricted and could only be used to pay claims and costs of defense associated with the subsidiary’s asbestos litigation. The proceeds of the settlement and release agreements were deposited into interest bearing accounts that earned less than $0.1 million offset by $0.2 million of net payments during the three months ended March 31, 2020.
LossContingencyAccrualPayments		200
Interest Income, Other		$ 100

Goodwill Assets (Details)

Goodwill Assets (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 631,212
Goodwill additions	5,052
Goodwill, Translation Adjustments	(8,690)
Goodwill, Ending Balance	627,574
America's [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	213,242
Goodwill additions	1,093
Goodwill, Translation Adjustments	(731)
Goodwill, Ending Balance	213,604
EMEA [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	140,162
Goodwill additions	2,626
Goodwill, Translation Adjustments	(3,925)
Goodwill, Ending Balance	138,863
Asia Pacific [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	158,090
Goodwill additions	1,308
Goodwill, Translation Adjustments	(956)
Goodwill, Ending Balance	158,442
Global Specialty Businesses [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	119,718
Goodwill additions	25
Goodwill, Translation Adjustments	(3,078)
Goodwill, Ending Balance	$ 116,665

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 149,273	$ 136,113
Total	1,019,516	1,012,371
Customer Lists And Rights To Sell [Member]
Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	110,997	99,806
Total	846,052	839,551
Trademarks Formulations and Product Technology [Member]
Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	32,533	30,483
Total	167,144	166,448
Other Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	5,743	5,824
Total	$ 6,320	$ 6,372

Intangible Assets - Amortizatio

Intangible Assets - Amortization (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization	$ 14.8	$ 14

Intangible Assets - Future Amor

Intangible Assets - Future Amortization (Details) $ in Thousands	Mar. 31, 2021USD ($)
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
For the year ended December 31, 2021	$ 59,372
For the year ended December 31, 2022	59,096
For the year ended December 31, 2023	58,927
For the year ended December 31, 2024	58,427
For the year ended December 31, 2025	57,710
For the year ended December 31, 2026	$ 57,484

Intangible Assets - Finite Live

Intangible Assets - Finite Lived (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Finite Lived Intangible Assets [Line Items]
Indefinite-lived intangible asset impairment	$ 0	$ 38,000
Indefinite Lived Intangible Assets Excluding Goodwill	205,100		$ 205,100
Houghton Combination [Member]
Finite Lived Intangible Assets [Line Items]
Indefinite Lived Intangible Assets Excluding Goodwill	$ 204,000		$ 204,000

Debt - Table (Details)

Debt - Table (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt [Abstract]
Total debt	$ 913,087	$ 899,134
Debt Issuance Cost Capitalized to Term loans and Long Term Debt	(10,324)	(11,099)
Less: Short-term and current portion of long-term debts	(43,330)	(38,967)
Total long-term debt	$ 859,433	$ 849,068

Debt - Table Interest rates (De

Debt - Table Interest rates (Details)	Mar. 31, 2021	Dec. 31, 2020
Revolver [Member]
Debt Instrument [Line Items]
Long term Debt Weighted Average Interest Rate	1.61%	1.65%
Domestic Line Of Credit [Member]
Debt Instrument [Line Items]
Long term Debt Weighted Average Interest Rate	1.61%	1.65%
Foreign Line of Credit [Member]
Debt Instrument [Line Items]
Long term Debt Weighted Average Interest Rate	1.50%	1.50%
Industrial development bonds [Member]
Debt Instrument [Line Items]
Long term Debt Weighted Average Interest Rate	5.26%	5.26%

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Line of Credit Facility, Covenant Terms	The Company’s initial consolidated net debt to consolidated adjusted EBITDA ratio could not exceed 4.25 to 1, with step downs in the permitted ratio over the term of the Credit Facility. As of March 31, 2021, the consolidated net debt to adjusted EBITDA may not exceed 4.00 to 1. The Company’s consolidated adjusted EBITDA to interest expense ratio cannot be less than 3.0 to 1 over the term of the agreement. The Credit Facility also prohibits the payment of cash dividends if the Company is in default or if the amount of the dividend paid annually exceeds the greater of $50.0 million and 20% of consolidated adjusted EBITDA unless the ratio of consolidated net debt to consolidated adjusted EBITDA is less than 2.0 to 1, in which case there is no such limitation on amount.
Line of Credit Facility, Covenant Compliance	As of March 31, 2021 and December 31, 2020, the Company was in compliance with all of the Credit Facility covenants
Debt Issuance Cost Capitalized to Term loans and Long Term Debt	$ 10,324	$ 11,099
Letters Of Credit Outstanding Amount	$ 6,000
Debt, Weighted Average Interest Rate	1.60%
Line Of Credit Facility Remaining Borrowing Capacity	$ 300,000
Revolver [Member]
Debt Instrument [Line Items]
Line of Credit Facility Current Borrowing Capacity	400,000
Line of Credit Facility, Amount Outstanding	190,000	160,000
Debt Instrument, Unused Borrowing Capacity, Amount	$ 204,000
Percentage of term loan principal amortization year three	7.50%
Percentage of term loan principal amortization year four and five	10.00%
Percentage of term loan principal amortization year one	5.00%
Deferred Finance Costs Noncurrent Gross	$ 8,300
Revolver [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line Of Credit Facility Commitment Fee Percentage	0.20%
Revolver [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line Of Credit Facility Commitment Fee Percentage	0.30%
Domestic Line Of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility Current Borrowing Capacity	$ 600,000
Line of Credit Facility, Amount Outstanding	562,500	570,000
Debt Issuance Costs, Current, Net	10,300	11,100
Deferred Finance Costs Noncurrent Gross	15,500
Foreign Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility Current Borrowing Capacity	150,000
Line of Credit Facility, Amount Outstanding	$ 148,210	157,062
Corporate Bond Securities [Member]
Debt Instrument [Line Items]
Debt Instrument Maturity Date Description	2028
Industrial Development Revenue Bond	$ 10,000	10,000
Bank lines of credit and other debt obligations	10,000	10,000
Bank Lines of credit and other debt obligations [Member]
Debt Instrument [Line Items]
Bank lines of credit and other debt obligations	2,377	2,072
Letters Of Credit Outstanding Amount	9,000
Debt Issuance Costs, Current, Net	5,500	$ 5,900
Line Of Credit Facility Remaining Borrowing Capacity	$ 40,000
Debt [Member]
Debt Instrument [Line Items]
Derivative Basis Spread On Variable Rate	1.64%
Derivative Fixed Interest Rate	3.10%
Derivative Liability, Notional Amount	$ 170,000
Repayment of long-term debt	9,600
Deferred Finance Costs Noncurrent Gross	$ 23,700

Debt - Interest Expense Table (

Debt - Interest Expense Table (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Debt [Abstract]
Interest Expense, Debt, Excluding Amortization	$ 4,650	$ 7,712
Amortization of debt issuance costs	1,187	1,187
Total Interest Expense	$ 5,837	$ 8,899

Equity and Noncontrolling Int_3

Equity and Noncontrolling Interest (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Beginning Balance	$ 1,320,914,000	$ 1,242,366,000
Net income (loss)	38,632,000	(28,344,000)
Amounts reported in other comprehensive income (loss)	(26,632,000)	(43,486,000)
Dividends, Common Stock	(7,062,000)	(6,834,000)
Distributions to noncontrolling affiliate shareholders		(751,000)
Acquisition of noncontrolling interest		1,047,000
Share based compensation plans	3,601,000	1,039,000
Ending Balance	1,329,453,000	1,162,541,000
Cummulative effect of accounting change [Member]
Beginning Balance	(402,000)
Adjusted balance [Member]
Beginning Balance	1,241,964,000
Common Stock [Member]
Beginning Balance	17,851,000	17,735,000
Net income (loss)	0	0
Amounts reported in other comprehensive income (loss)	0	0
Dividends, Common Stock	0	0
Distributions to noncontrolling affiliate shareholders		0
Acquisition of noncontrolling interest		0
Share based compensation plans	24,000	17,000
Ending Balance	17,875,000	17,752,000
Common Stock [Member] | Cummulative effect of accounting change [Member]
Beginning Balance	0
Common Stock [Member] | Adjusted balance [Member]
Beginning Balance	17,735,000
Additional Paid-in Capital [Member]
Beginning Balance	905,171,000	888,218,000
Net income (loss)	0	0
Amounts reported in other comprehensive income (loss)	0	0
Dividends, Common Stock	0	0
Distributions to noncontrolling affiliate shareholders		0
Acquisition of noncontrolling interest		707,000
Share based compensation plans	3,577,000	1,022,000
Ending Balance	908,748,000	888,533,000
Additional Paid-in Capital [Member] | Cummulative effect of accounting change [Member]
Beginning Balance	0
Additional Paid-in Capital [Member] | Adjusted balance [Member]
Beginning Balance	888,218,000
Retained Earnings [Member]
Beginning Balance	423,940,000	412,979,000
Net income (loss)	38,615,000	(28,381,000)
Amounts reported in other comprehensive income (loss)	0	0
Dividends, Common Stock	(7,062,000)	(6,834,000)
Distributions to noncontrolling affiliate shareholders		0
Acquisition of noncontrolling interest		0
Share based compensation plans	0	0
Ending Balance	455,493,000	377,362,000
Retained Earnings [Member] | Cummulative effect of accounting change [Member]
Beginning Balance	(402,000)
Retained Earnings [Member] | Adjusted balance [Member]
Beginning Balance	412,577,000
Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance	(26,598,000)	(78,170,000)
Net income (loss)	0	0
Amounts reported in other comprehensive income (loss)	(26,630,000)	(43,354,000)
Dividends, Common Stock	0	0
Distributions to noncontrolling affiliate shareholders		0
Acquisition of noncontrolling interest		0
Share based compensation plans	0	0
Ending Balance	(53,228,000)	(121,524,000)
Accumulated Other Comprehensive Income (Loss) [Member] | Cummulative effect of accounting change [Member]
Beginning Balance	0
Accumulated Other Comprehensive Income (Loss) [Member] | Adjusted balance [Member]
Beginning Balance	(78,170,000)
Noncontrolling Interest [Member]
Beginning Balance	550,000	1,604,000
Net income (loss)	17,000	37,000
Amounts reported in other comprehensive income (loss)	(2,000)	(132,000)
Dividends, Common Stock	0	0
Distributions to noncontrolling affiliate shareholders		(751,000)
Acquisition of noncontrolling interest		340,000
Share based compensation plans	0	0
Ending Balance	565,000	$ 418,000
Noncontrolling Interest [Member] | Cummulative effect of accounting change [Member]
Beginning Balance	0
Noncontrolling Interest [Member] | Adjusted balance [Member]
Beginning Balance	$ 1,604,000

Equity and Noncontrolling Int_4

Equity and Noncontrolling Interest - Parentheticals (Details) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Stockholders Equity [Abstract]
Dividends declared	$ 0.395	$ 0.385

Equity and Noncontrolling Int_5

Equity and Noncontrolling Interest - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	$ (26,598)	$ (78,170)
Other Comprehensive (Loss) Income, before Reclassifications, before Tax	(24,693)	(61,096)
Amounts Reclassified from AOCI	(2,223)	24,334
Other Comprehensive Income Loss before Tax	(26,916)	(36,762)
Related Tax Amounts	286	(6,592)
Other Comprehensive Income (Loss), Net of Tax	(26,632)	(43,486)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	(53,228)	(121,524)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	(2,875)	(44,568)
Other Comprehensive (Loss) Income, before Reclassifications, before Tax	(25,459)	(54,619)
Amounts Reclassified from AOCI	0	0
Other Comprehensive Income Loss before Tax	(25,459)	(54,619)
Related Tax Amounts	0	0
Other Comprehensive Income (Loss), Net of Tax	(25,459)	(54,619)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	(28,334)	(99,187)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	(23,467)	(34,533)
Other Comprehensive (Loss) Income, before Reclassifications, before Tax	781	828
Amounts Reclassified from AOCI	862	24,366
Other Comprehensive Income Loss before Tax	1,643	25,194
Related Tax Amounts	(351)	(8,237)
Other Comprehensive Income (Loss), Net of Tax	1,292	16,957
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	(22,175)	(17,576)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	(3,598)	(320)
Other Comprehensive (Loss) Income, before Reclassifications, before Tax	(745)	(5,170)
Amounts Reclassified from AOCI	0	0
Other Comprehensive Income Loss before Tax	730	(5,170)
Related Tax Amounts	(168)	1,189
Other Comprehensive Income (Loss), Net of Tax	562	(3,981)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	(3,036)	(4,301)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	3,342	1,251
Other Comprehensive (Loss) Income, before Reclassifications, before Tax	730	(2,135)
Amounts Reclassified from AOCI	(3,085)	(32)
Other Comprehensive Income Loss before Tax	(3,830)	(2,167)
Related Tax Amounts	805	456
Other Comprehensive Income (Loss), Net of Tax	(3,025)	(1,711)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	$ 317	$ (460)

Fair Value Measurements - Asset

Fair Value Measurements - Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Company Owned Life Insurance	$ 2,015	$ 1,961
Assets, Fair Value Disclosure	2,015	1,961
Fair Value, Inputs, Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Company Owned Life Insurance	0	0
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Company Owned Life Insurance	2,015	1,961
Assets, Fair Value Disclosure	2,015	1,961
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Company Owned Life Insurance	0	0
Assets, Fair Value Disclosure	$ 0	$ 0

Hedging Activities - Narrative

Hedging Activities - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value	$ 3,943
Other Liabilities Noncurrent [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value	3,943
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value		$ 4,672
Derivative Liability, Notional Amount	$ 170,000
Interest Rate Swap [Member] | Other Liabilities Noncurrent [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value		$ 4,672

Hedging Activities - Table (Det

Hedging Activities - Table (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 3,036		$ 3,598
Interest Rate Cash Flow Hedge Liability at Fair Value	3,943
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	3,036	$ 3,598
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ (643)	$ 19
Interest Expense [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net			$ 3,598

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
ACP [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 1
ACP [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	0.1
SB Decking [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual At Carrying Value	0.4
Houghton Environmental Matters [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual At Carrying Value	5.7	$ 6
Houghton Environmental Matters [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	6
Houghton Environmental Matters [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	5
Other Environmental Matters [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual At Carrying Value	0.1	$ 0.1
Foreign Consumption Tax [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual At Carrying Value	1.7
Business Combination Indemnification Assets Amount As Of Acquisition Date	22
OtherAssetsMiscellaneousCurrent	1.1
IncomeTaxReconciliationTaxSettlementsForeign	10
Foreign Consumption Tax [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	38
Foreign Consumption Tax [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 0.6