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Hector Street Conshohocken PA 19428 – 2380 610 832-4000 Common Stock, $1 par value KWR NYSE Yes Yes Large Accelerated Filer false false 17878247 435262000 286040000 865045000 664601000 280811000 188654000 554400000 433364000 154451000 97386000 310645000 231237000 108679000 86667000 212989000 185368000 0 0 0 38000000 298000 486000 1473000 2202000 6658000 7995000 12473000 15873000 38816000 2238000 83710000 -10206000 14010000 -993000 18697000 -22168000 -5618000 -6811000 -11088000 -15272000 47208000 -5566000 91319000 -47646000 15218000 3222000 25907000 -9848000 31990000 -8788000 65412000 -37798000 1610000 1066000 6820000 1732000 33600000 -7722000 72232000 -36066000 30000 13000 47000 50000 33570000 -7735000 72185000 -36116000 1.88 -0.43 4.04 -2.03 1.88 -0.43 4.03 -2.03 0.395 0.385 0.790 0.770 33600000 -7722000 72232000 -36066000 16165000 10551000 -9296000 -44200000 397000 213000 1689000 17170000 452000 -111000 1014000 -4092000 279000 1608000 -2746000 -103000 17293000 12261000 -9339000 -31225000 50893000 4539000 62893000 -67291000 38000 14000 53000 -81000 50855000 4525000 62840000 -67210000 145610000 181833000 418642000 372974000 116491000 86148000 126318000 101616000 60844000 50156000 867905000 792727000 424360000 423253000 229919000 219370000 194441000 203883000 36160000 38507000 633449000 631212000 1068795000 1081358000 98013000 95785000 13392000 16566000 32664000 31796000 2944819000 2891834000 48079000 38967000 219617000 198872000 33399000 43300000 5278000 8248000 94061000 93573000 400434000 382960000 847154000 849068000 25668000 27070000 181264000 192763000 114898000 119059000 1569418000 1570920000 1 30000000 17878137 17850616 17878000 17851000 910862000 905171000 482001000 423940000 -35943000 -26598000 1374798000 1320364000 603000 550000 1375401000 1320914000 2944819000 2891834000 72232000 -36066000 2375000 2375000 44188000 42079000 6715000 -3219000 801000 229000 -13849000 -22033000 6134000 7673000 5356000 -81000 0 542000 0 38000000 -2305000 1860000 1473000 2202000 -2223000 18784000 47252000 -61659000 57020000 3689000 20111000 2849000 -4214000 -9592000 22274000 -58728000 -9568000 44662000 6974000 7534000 29424000 3132000 14744000 11000 0 37000 -21654000 -10618000 19065000 18702000 29433000 205500000 -219000 -684000 14113000 13662000 -416000 -1923000 0 1047000 0 751000 -4380000 168731000 -683000 -4575000 -36285000 198200000 181895000 143555000 145610000 341755000 <div id="TextBlockContainer4" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:739px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a3609" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 1 – Basis of Presentation and Description of Business<div style="display:inline-block;width:4.9px"> </div></div><div id="div_2_XBRL_TS_eb3f996fb8514e3e9a7d1174839ecbb8" style="position:absolute;left:0px;top:20.8px;float:left;"><div id="TextBlockContainer3" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:221px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a3630" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Basis of Presentation </div><div id="a3636" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.6px;">As used in these Notes to Condensed Consolidated<div style="display:inline-block;width:4.74px"> </div>Financial Statements, the terms “Quaker,”<div style="display:inline-block;width:4.67px"> </div>“Quaker Houghton,”<div style="display:inline-block;width:3.97px"> </div>the </div><div id="a3670" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.8px;">“Company,”<div style="display:inline-block;width:4.7px"> </div>“we,” and “our” refer to Quaker Chemical Corporation (doing<div style="display:inline-block;width:4.76px"> </div>business as Quaker Houghton), its subsidiaries, and </div><div id="a3707" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.2px;">associated companies, unless the context otherwise requires.<div style="display:inline-block;width:8.19px"> </div>As used in these Notes to Condensed Consolidated<div style="display:inline-block;width:4.74px"> </div>Financial Statements, </div><div id="a3741" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.6px;">the term Legacy Quaker refers to the Company prior<div style="display:inline-block;width:4.72px"> </div>to the closing of its combination with Houghton International,<div style="display:inline-block;width:4.62px"> </div>Inc. (“Houghton”) </div><div id="a3782" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.9px;">(herein referred to as the “Combination”).<div style="display:inline-block;width:7.75px"> </div>The condensed consolidated financial statements included herein<div style="display:inline-block;width:4.83px"> </div>are unaudited and have </div><div id="a3817" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">been prepared in accordance with generally accepted<div style="display:inline-block;width:4.74px"> </div>accounting principles in the United States (“U.S. GAAP”) for<div style="display:inline-block;width:4.73px"> </div>interim financial </div><div id="a3853" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.6px;">reporting and the United States Securities and Exchange Commission<div style="display:inline-block;width:4.92px"> </div>(“SEC”) regulations.<div style="display:inline-block;width:7.15px"> </div>Certain information and footnote </div><div id="a3883" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:127.8px;">disclosures normally included in financial statements prepared<div style="display:inline-block;width:4.81px"> </div>in accordance with U.S. GAAP have been condensed or<div style="display:inline-block;width:4.6px"> </div>omitted </div><div id="a3917" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:143.2px;">pursuant to such rules and regulations.<div style="display:inline-block;width:7.74px"> </div>In the opinion of management, the financial statements reflect all<div style="display:inline-block;width:4.7px"> </div>adjustments which are </div><div id="a3955" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:158.6px;">necessary for a fair statement of the financial position,<div style="display:inline-block;width:4.62px"> </div>results of operations and cash flows for the interim periods.<div style="display:inline-block;width:8.21px"> </div>The results for the </div><div id="a4001" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:173.9px;">six months ended June 30, 2021 are not necessarily indicative<div style="display:inline-block;width:4.79px"> </div>of the results to be expected for the full year.<div style="display:inline-block;width:8.51px"> </div>These financial </div><div id="a4045" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:189.3px;">statements should be read in conjunction with the Company’s<div style="display:inline-block;width:5.45px"> </div>Annual Report filed on Form 10-K for the year<div style="display:inline-block;width:4.74px"> </div>ended December 31, </div><div id="a4090" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204.7px;">2020 (the “2020 Form 10-K”).</div></div></div><div id="a4090_28_3" style="position:absolute;font-weight:normal;font-style:normal;left:167.813px;top:225.5px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a4105" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:246.1px;">Description of Business </div><div id="a4111" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:266.8px;">The Company was organized in 1918, incorporated<div style="display:inline-block;width:4.89px"> </div>as a Pennsylvania business corporation in 1930, and in August<div style="display:inline-block;width:4.75px"> </div>2019 </div><div id="a4148" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:282.1px;">completed the Combination with Houghton to form<div style="display:inline-block;width:4.79px"> </div>Quaker Houghton.<div style="display:inline-block;width:7.08px"> </div>Quaker Houghton is the global leader in industrial process </div><div id="a4186" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:297.3px;">fluids.<div style="display:inline-block;width:6.94px"> </div>With a presence around the world,<div style="display:inline-block;width:4.71px"> </div>including operations in over </div><div id="a4186_72_2" style="position:absolute;left:385.293px;top:297.3px;">25</div><div id="a4186_74_57" style="position:absolute;font-weight:normal;font-style:normal;left:398.6px;top:297.3px;"><div style="display:inline-block;width:3.36px"> </div>countries, the Company’s customers<div style="display:inline-block;width:4.95px"> </div>include thousands of </div><div id="a4224" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:312.7px;">the world’s most advanced<div style="display:inline-block;width:4.76px"> </div>and specialized steel, aluminum, automotive, aerospace,<div style="display:inline-block;width:4.63px"> </div>offshore, can, mining, and metalworking </div><div id="a4254" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:328px;">companies.<div style="display:inline-block;width:7.12px"> </div>Quaker Houghton develops, produces, and markets a broad range<div style="display:inline-block;width:4.68px"> </div>of formulated chemical specialty products and offe<div style="display:inline-block;width:1.46px"> </div>rs </div><div id="a4289" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:343.4px;">chemical management services (which the Company refers<div style="display:inline-block;width:4.72px"> </div>to as “Fluidcare”) for various heavy industrial and manufacturing </div><div id="a4322" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:358.8px;">applications throughout its </div><div id="a4322_28_4" style="position:absolute;left:150.053px;top:358.8px;">four</div><div id="a4322_32_97" style="position:absolute;font-weight:normal;font-style:normal;left:172.293px;top:358.8px;"><div style="display:inline-block;width:3.36px"> </div>segments: Americas; Europe, Middle East and Africa (“EMEA”);<div style="display:inline-block;width:4.81px"> </div>Asia/Pacific; and Global Specialty </div><div id="a4355" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:374.1px;">Businesses. </div><div id="a4357" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:394.8px;">Hyper-inflationary economies</div><div id="a4362" style="position:absolute;font-weight:normal;font-style:normal;left:164.773px;top:394.8px;"> </div><div id="a4363" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:415.4px;">Based on various indices or index compilations being<div style="display:inline-block;width:4.67px"> </div>used to monitor inflation in Argentina as well as economic<div style="display:inline-block;width:4.99px"> </div>instability, </div><div id="a4401" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:430.8px;">effective July 1, 2018, Argentina’s<div style="display:inline-block;width:5.33px"> </div>economy was considered hyper-inflationary under U.S.<div style="display:inline-block;width:4.55px"> </div>GAAP.<div style="display:inline-block;width:8.23px"> </div>As of, and for the three and six </div><div id="a4444" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:446.1px;">months ended June 30, 2021, the Company's Argentine<div style="display:inline-block;width:4.98px"> </div>subsidiaries represented less than </div><div id="a4444_87_1" style="position:absolute;left:483.24px;top:446.1px;">1</div><div id="a4444_88_38" style="position:absolute;font-weight:normal;font-style:normal;left:489.8px;top:446.1px;">% of the Company’s consolidated<div style="display:inline-block;width:4.95px"> </div>total </div><div id="a4483" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:461.3px;">assets and net sales, respectively.<div style="display:inline-block;width:8.46px"> </div>During the three and six months ended June 30, 2021, the Company<div style="display:inline-block;width:4.74px"> </div>recorded $</div><div id="a4483_112_3" style="position:absolute;left:610.799px;top:461.3px;">0.1</div><div id="a4483_115_14" style="position:absolute;font-weight:normal;font-style:normal;left:627.599px;top:461.3px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a4483_129_3" style="position:absolute;left:701.999px;top:461.3px;">0.3</div><div id="a4483_132_1" style="position:absolute;font-weight:normal;font-style:normal;left:718.639px;top:461.3px;"> </div><div id="a4531" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:476.7px;">million,<div style="display:inline-block;width:3.62px"> </div>respectively, of remeasurement<div style="display:inline-block;width:5.01px"> </div>losses associated with the applicable currency conversions related<div style="display:inline-block;width:4.84px"> </div>to Argentina.<div style="display:inline-block;width:3.93px"> </div></div><div id="a4561" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:492.1px;">Comparatively,<div style="display:inline-block;width:4.73px"> </div>during the three and six months ended June 30, 2020, the<div style="display:inline-block;width:4.74px"> </div>Company recorded less than $</div><div id="a4561_100_3" style="position:absolute;left:559.88px;top:492.1px;">0.1</div><div id="a4561_103_14" style="position:absolute;font-weight:normal;font-style:normal;left:576.56px;top:492.1px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a4561_117_3" style="position:absolute;left:650.959px;top:492.1px;">0.1</div><div id="a4561_120_10" style="position:absolute;font-weight:normal;font-style:normal;left:667.759px;top:492.1px;"><div style="display:inline-block;width:3.36px"> </div>million, </div><div id="a4605" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:507.4px;">respectively, of<div style="display:inline-block;width:4.63px"> </div>remeasurement losses associated with the applicable currency<div style="display:inline-block;width:4.85px"> </div>conversions<div style="display:inline-block;width:3.44px"> </div>related to Argentina.<div style="display:inline-block;width:7.57px"> </div>These losses were </div><div id="a4638" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:522.8px;">recorded within foreign exchange losses, net, which<div style="display:inline-block;width:4.71px"> </div>is a component of other income (expense), net, in the Company’s<div style="display:inline-block;width:5.34px"> </div>Condensed </div><div id="a4678" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:538.1px;">Consolidated Statements of Operations. </div><div id="a4686" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:558.8px;">COVID-19 </div><div id="a4690" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:579.4px;">Management continues to monitor the impact that the COVID-19<div style="display:inline-block;width:4.97px"> </div>pandemic is having on the Company,<div style="display:inline-block;width:5px"> </div>the overall specialty </div><div id="a4728" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:594.8px;">chemical industry,<div style="display:inline-block;width:4.71px"> </div>and the economies and markets in which the Company operates.<div style="display:inline-block;width:8.17px"> </div>The full extent of the COVID-19 pandemic </div><div id="a4768" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:610px;">related business and travel restrictions and changes to<div style="display:inline-block;width:4.77px"> </div>business and consumer behavior intended to reduce its spread are<div style="display:inline-block;width:4.74px"> </div>uncertain as of </div><div id="a4810" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:625.3px;">the date of this Quarterly Report on Form 10-Q for the<div style="display:inline-block;width:4.59px"> </div>period ended June 30, 2021 (the “Report”) as COVID-19<div style="display:inline-block;width:4.71px"> </div>and the responses of </div><div id="a4862" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:640.7px;">governmental authorities continue to evolve globally. </div><div id="a4874" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:661.4px;">Further, management continues to<div style="display:inline-block;width:4.71px"> </div>evaluate how COVID-19-related circumstances, such as remote<div style="display:inline-block;width:4.81px"> </div>work arrangements, affect </div><div id="a4906" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:676.7px;">financial reporting processes, internal control over financial<div style="display:inline-block;width:4.82px"> </div>reporting, and disclosure controls and procedures.<div style="display:inline-block;width:7.87px"> </div>While the </div><div id="a4937" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:692.1px;">circumstances have presented and are expected to continue<div style="display:inline-block;width:4.79px"> </div>to present challenges, at this time, Management does not believe that </div><div id="a4976" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:707.5px;">COVID-19 has had a material impact on financial reporting<div style="display:inline-block;width:4.69px"> </div>processes, internal control over financial reporting,<div style="display:inline-block;width:4.71px"> </div>and disclosure </div><div id="a5012" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:722.8px;">controls and procedures.</div></div><div id="TextBlockContainer6" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:175px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a5067" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company cannot reasonably estimate the magnitude<div style="display:inline-block;width:4.81px"> </div>of the effects these conditions will have on the Company’s<div style="display:inline-block;width:5.57px"> </div>operations in </div><div id="a5105" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">the future as they are subject to significant uncertainties<div style="display:inline-block;width:4.71px"> </div>relating to the ultimate geographic spread of the virus,<div style="display:inline-block;width:4.7px"> </div>the incidence and </div><div id="a5147" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">severity of the symptoms, the duration or resurgences<div style="display:inline-block;width:5.04px"> </div>of the outbreak including the impact of new variants, the global<div style="display:inline-block;width:4.71px"> </div>availability and </div><div id="a5189" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">acceptance of vaccines as well as their efficacy,<div style="display:inline-block;width:5.77px"> </div>the length of the travel restrictions and business closures imposed by<div style="display:inline-block;width:4.86px"> </div>governments of </div><div id="a5231" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">impacted countries, and the economic response by governments<div style="display:inline-block;width:4.79px"> </div>of impacted countries, all of which continue to evolve. </div><div id="a5265" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:81.9px;">To the extent<div style="display:inline-block;width:4.81px"> </div>that the Company’s customers and<div style="display:inline-block;width:4.78px"> </div>suppliers continue to be significantly and adversely impacted by<div style="display:inline-block;width:4.81px"> </div>COVID-19, this </div><div id="a5305" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">could reduce the availability,<div style="display:inline-block;width:4.84px"> </div>or result in delays, of materials or supplies to or from<div style="display:inline-block;width:4.71px"> </div>the Company, which in<div style="display:inline-block;width:4.81px"> </div>turn could significantly </div><div id="a5350" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.6px;">interrupt the Company’s<div style="display:inline-block;width:4.7px"> </div>business operations.<div style="display:inline-block;width:7.15px"> </div>Such impacts could grow and become more significant to the<div style="display:inline-block;width:4.76px"> </div>Company’s operations </div><div id="a5384" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:128px;">and the Company’s liquidity<div style="display:inline-block;width:4.84px"> </div>or financial position.<div style="display:inline-block;width:7.21px"> </div>Therefore, given the speed and frequency of continuously<div style="display:inline-block;width:4.78px"> </div>evolving developments </div><div id="a5419" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:143.4px;">with respect to this pandemic, the Company cannot reasonably<div style="display:inline-block;width:4.81px"> </div>estimate the magnitude or the full extent to which COVID-19<div style="display:inline-block;width:4.78px"> </div>may </div><div id="a5461" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:158.7px;">impact the Company’s results<div style="display:inline-block;width:4.77px"> </div>of operations, liquidity or financial position.</div></div> <div id="TextBlockContainer3" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:221px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a3630" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Basis of Presentation </div><div id="a3636" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.6px;">As used in these Notes to Condensed Consolidated<div style="display:inline-block;width:4.74px"> </div>Financial Statements, the terms “Quaker,”<div style="display:inline-block;width:4.67px"> </div>“Quaker Houghton,”<div style="display:inline-block;width:3.97px"> </div>the </div><div id="a3670" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.8px;">“Company,”<div style="display:inline-block;width:4.7px"> </div>“we,” and “our” refer to Quaker Chemical Corporation (doing<div style="display:inline-block;width:4.76px"> </div>business as Quaker Houghton), its subsidiaries, and </div><div id="a3707" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.2px;">associated companies, unless the context otherwise requires.<div style="display:inline-block;width:8.19px"> </div>As used in these Notes to Condensed Consolidated<div style="display:inline-block;width:4.74px"> </div>Financial Statements, </div><div id="a3741" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.6px;">the term Legacy Quaker refers to the Company prior<div style="display:inline-block;width:4.72px"> </div>to the closing of its combination with Houghton International,<div style="display:inline-block;width:4.62px"> </div>Inc. (“Houghton”) </div><div id="a3782" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.9px;">(herein referred to as the “Combination”).<div style="display:inline-block;width:7.75px"> </div>The condensed consolidated financial statements included herein<div style="display:inline-block;width:4.83px"> </div>are unaudited and have </div><div id="a3817" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">been prepared in accordance with generally accepted<div style="display:inline-block;width:4.74px"> </div>accounting principles in the United States (“U.S. GAAP”) for<div style="display:inline-block;width:4.73px"> </div>interim financial </div><div id="a3853" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.6px;">reporting and the United States Securities and Exchange Commission<div style="display:inline-block;width:4.92px"> </div>(“SEC”) regulations.<div style="display:inline-block;width:7.15px"> </div>Certain information and footnote </div><div id="a3883" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:127.8px;">disclosures normally included in financial statements prepared<div style="display:inline-block;width:4.81px"> </div>in accordance with U.S. GAAP have been condensed or<div style="display:inline-block;width:4.6px"> </div>omitted </div><div id="a3917" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:143.2px;">pursuant to such rules and regulations.<div style="display:inline-block;width:7.74px"> </div>In the opinion of management, the financial statements reflect all<div style="display:inline-block;width:4.7px"> </div>adjustments which are </div><div id="a3955" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:158.6px;">necessary for a fair statement of the financial position,<div style="display:inline-block;width:4.62px"> </div>results of operations and cash flows for the interim periods.<div style="display:inline-block;width:8.21px"> </div>The results for the </div><div id="a4001" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:173.9px;">six months ended June 30, 2021 are not necessarily indicative<div style="display:inline-block;width:4.79px"> </div>of the results to be expected for the full year.<div style="display:inline-block;width:8.51px"> </div>These financial </div><div id="a4045" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:189.3px;">statements should be read in conjunction with the Company’s<div style="display:inline-block;width:5.45px"> </div>Annual Report filed on Form 10-K for the year<div style="display:inline-block;width:4.74px"> </div>ended December 31, </div><div id="a4090" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204.7px;">2020 (the “2020 Form 10-K”).</div></div> 25 4 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 100000 300000 100000 100000 <div id="TextBlockContainer8" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:726px;height:362px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a5482" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 2 – Business Acquisitions </div><div id="a5492" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:23.2px;">2021 Acquisitions </div><div id="a5496" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:46.6px;">In June 2021, the Company acquired certain assets for its chemical<div style="display:inline-block;width:4.94px"> </div>maskants product line in the Global Specialty Businesses </div><div id="a5534" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:62px;">reportable segment for </div><div id="a5534_23_3" style="position:absolute;left:128.613px;top:62px;">2.3</div><div id="a5534_26_31" style="position:absolute;font-weight:normal;font-style:normal;left:145.253px;top:62px;"><div style="display:inline-block;width:3.36px"> </div>million EUR or approximately $</div><div id="a5534_57_3" style="position:absolute;left:321.933px;top:62px;">2.8</div><div id="a5534_60_69" style="position:absolute;font-weight:normal;font-style:normal;left:338.573px;top:62px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.95px"> </div>The Company accounted for the acquisition using the asset </div><div id="a5572" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:77.3px;">acquisition method under ASC 805, </div><div id="a5583" style="position:absolute;font-weight:normal;font-style:italic;left:199.333px;top:77.3px;">Business Combinations</div><div id="a5586" style="position:absolute;font-weight:normal;font-style:normal;left:324.013px;top:77.3px;">.<div style="display:inline-block;width:6.76px"> </div></div><div id="a5589" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:100.5px;">In February 2021, the Company acquired a tin-plating<div style="display:inline-block;width:4.83px"> </div>solutions business for the steel end market for approximately $</div><div id="a5589_116_2" style="position:absolute;left:655.279px;top:100.5px;">25</div><div id="a5589_118_11" style="position:absolute;font-weight:normal;font-style:normal;left:668.559px;top:100.5px;"><div style="display:inline-block;width:3.2px"> </div>million.<div style="display:inline-block;width:3.59px"> </div></div><div id="a5629" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.9px;">This acquisition is part of each of the Company’s<div style="display:inline-block;width:5.35px"> </div>geographic reportable segments.<div style="display:inline-block;width:7.5px"> </div>The Company allocated $</div><div id="a5629_106_4" style="position:absolute;left:587.92px;top:115.9px;">19.6</div><div id="a5629_110_16" style="position:absolute;font-weight:normal;font-style:normal;left:611.28px;top:115.9px;"><div style="display:inline-block;width:3.36px"> </div>million of the </div><div id="a5668" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:131.2px;">purchase price to intangible assets, comprised of $</div><div id="a5668_51_4" style="position:absolute;left:273.453px;top:131.2px;">18.3</div><div id="a5668_55_57" style="position:absolute;font-weight:normal;font-style:normal;left:296.813px;top:131.2px;"><div style="display:inline-block;width:3.36px"> </div>million of customer relationships, to be amortized over </div><div id="a5668_112_8" style="position:absolute;left:596.879px;top:131.2px;">19 years</div><div id="a5668_120_3" style="position:absolute;font-weight:normal;font-style:normal;left:641.679px;top:131.2px;">; $</div><div id="a5668_123_3" style="position:absolute;left:655.279px;top:131.2px;">0.9</div><div id="a5668_126_9" style="position:absolute;font-weight:normal;font-style:normal;left:672.079px;top:131.2px;"><div style="display:inline-block;width:3.36px"> </div>million </div><div id="a5708" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.6px;">of existing product technology to be amortized over </div><div id="a5708_52_8" style="position:absolute;left:284.653px;top:146.6px;">14 years</div><div id="a5708_60_7" style="position:absolute;font-weight:normal;font-style:normal;left:329.293px;top:146.6px;">; and $</div><div id="a5708_67_3" style="position:absolute;left:365.613px;top:146.6px;">0.4</div><div id="a5708_70_54" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:146.6px;"><div style="display:inline-block;width:3.36px"> </div>million of a licensed trademark to be amortized over </div><div id="a5708_124_7" style="position:absolute;left:669.039px;top:146.6px;">3 years</div><div id="a5708_131_3" style="position:absolute;font-weight:normal;font-style:normal;left:707.119px;top:146.6px;">.<div style="display:inline-block;width:3.4px"> </div></div><div id="a5755" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:162px;">In addition, the Company recorded $</div><div id="a5755_35_3" style="position:absolute;left:200.773px;top:162px;">5.0</div><div id="a5755_38_94" style="position:absolute;font-weight:normal;font-style:normal;left:217.613px;top:162px;"><div style="display:inline-block;width:3.2px"> </div>million of goodwill related to expected value not allocated<div style="display:inline-block;width:4.72px"> </div>to other acquired assets, all of </div><div id="a5797" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.3px;">which is expected to be tax deductible.<div style="display:inline-block;width:7.69px"> </div>As of June 30, 2021, the allocation of the purchase price has not<div style="display:inline-block;width:4.71px"> </div>been finalized and the </div><div id="a5797_130_4" style="position:absolute;left:684.559px;top:177.3px;">one </div><div id="a5848" style="position:absolute;left:4.427px;top:192.5px;">year</div><div id="a5848_4_125" style="position:absolute;font-weight:normal;font-style:normal;left:27.467px;top:192.5px;"><div style="display:inline-block;width:3.36px"> </div>measurement period has not ended.<div style="display:inline-block;width:7.56px"> </div>Further adjustments may be necessary as a result of the Company’s<div style="display:inline-block;width:5.63px"> </div>on-going assessment of </div><div id="a5890" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.9px;">additional information related to the fair value of assets acquired<div style="display:inline-block;width:4.92px"> </div>and liabilities assumed. </div><div id="a5916" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:231.2px;"><div style="display:inline-block;width:3.36px"> </div>Additionally, in February<div style="display:inline-block;width:4.89px"> </div>2021, the Company acquired a </div><div id="a5916_56_2" style="position:absolute;left:337.773px;top:231.2px;">38</div><div id="a5916_58_63" style="position:absolute;font-weight:normal;font-style:normal;left:351.053px;top:231.2px;">% ownership interest in a Germany-based, high-tech<div style="display:inline-block;width:4.75px"> </div>provider of </div><div id="a5955" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.6px;">coolant control and delivery systems for approximately </div><div id="a5955_55_3" style="position:absolute;left:302.733px;top:246.6px;">1.4</div><div id="a5955_58_31" style="position:absolute;font-weight:normal;font-style:normal;left:319.533px;top:246.6px;"><div style="display:inline-block;width:3.2px"> </div>million EUR or approximately $</div><div id="a5955_89_3" style="position:absolute;left:496.199px;top:246.6px;">1.7</div><div id="a5955_92_37" style="position:absolute;font-weight:normal;font-style:normal;left:512.999px;top:246.6px;"><div style="display:inline-block;width:3.2px"> </div>million.<div style="display:inline-block;width:6.95px"> </div>The Company recorded this </div><div id="a5991" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:262px;">investment as an equity method investment within<div style="display:inline-block;width:4.71px"> </div>the Condensed Consolidated Financial Statements. </div><div id="a6015" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:285.3px;">The results of operations of the acquired assets and businesses subsequent<div style="display:inline-block;width:5.03px"> </div>to the respective acquisition dates are included in the </div><div id="a6055" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300.5px;">Condensed Consolidated Statements of Operations as of June<div style="display:inline-block;width:4.7px"> </div>30, 2021.<div style="display:inline-block;width:7px"> </div>Applicable transaction expenses associated with these </div><div id="a6087" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:315.9px;">acquisitions are included in Combination, integration<div style="display:inline-block;width:4.76px"> </div>and other acquisition-related expenses in the Company’s<div style="display:inline-block;width:5.31px"> </div>Condensed </div><div id="a6118" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:331.3px;">Consolidated Statements of Operations.<div style="display:inline-block;width:7.82px"> </div>Certain pro forma and other information is not presented, as the<div style="display:inline-block;width:4.73px"> </div>operations of the acquired </div><div id="a6156" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:346.6px;">assets and businesses are not considered material to the<div style="display:inline-block;width:4.76px"> </div>overall operations of the Company for the periods presented.</div></div><div id="TextBlockContainer10" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:720px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a6193" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Previous Acquisitions </div><div id="a6197" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.6px;">In December 2020,<div style="display:inline-block;width:3.96px"> </div>the Company completed its acquisition of Coral Chemical Company<div style="display:inline-block;width:4.73px"> </div>(“Coral”), a privately held, U.S.-based </div><div id="a6237" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:36px;">provider of metal finishing fluid solutions.<div style="display:inline-block;width:7.77px"> </div>The acquisition provides technical expertise and product solutions<div style="display:inline-block;width:4.77px"> </div>for pre-treatment, </div><div id="a6273" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.2px;">metalworking and wastewater treatment applications<div style="display:inline-block;width:4.77px"> </div>to the beverage cans and general industrial end markets.<div style="display:inline-block;width:7.93px"> </div>The original purchase </div><div id="a6309" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.6px;">price was approximately $</div><div id="a6309_25_4" style="position:absolute;left:145.573px;top:66.6px;">54.1</div><div id="a6309_29_103" style="position:absolute;font-weight:normal;font-style:normal;left:168.933px;top:66.6px;"><div style="display:inline-block;width:3.36px"> </div>million, subject to routine and customary post-closing adjustments related<div style="display:inline-block;width:4.92px"> </div>to working capital and net </div><div id="a6349" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.9px;">indebtedness levels.<div style="display:inline-block;width:7.25px"> </div>The Company anticipates finalizing its post-closing adjustments<div style="display:inline-block;width:4.87px"> </div>for the Coral acquisition during 2021 and </div><div id="a6384" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">currently estimates it will receive approximately $</div><div id="a6384_51_3" style="position:absolute;left:272.653px;top:97.3px;">0.1</div><div id="a6384_54_36" style="position:absolute;font-weight:normal;font-style:normal;left:289.453px;top:97.3px;"><div style="display:inline-block;width:3.2px"> </div>million to settle such adjustments.</div></div><div id="TextBlockContainer12" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:519px;height:16px;display:inline-block;"><div id="a6458" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">The following table presents the preliminary estimated fair<div style="display:inline-block;width:4.68px"> </div>values of Coral net assets acquired:</div></div><div id="TextBlockContainer15" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:703px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a6493" style="position:absolute;font-weight:bold;font-style:normal;left:508.36px;top:0px;">Measurement </div><div id="a6496" style="position:absolute;font-weight:bold;font-style:normal;left:610.64px;top:0px;">December 22, </div><div id="a6502" style="position:absolute;font-weight:bold;font-style:normal;left:406.6px;top:17.6px;">December 22, </div><div id="a6505" style="position:absolute;font-weight:bold;font-style:normal;left:528.68px;top:17.6px;">Period </div><div id="a6508" style="position:absolute;font-weight:bold;font-style:normal;left:636.24px;top:17.6px;">2020 </div><div id="a6514" style="position:absolute;font-weight:bold;font-style:normal;left:422.76px;top:35.2px;">2020 (1) </div><div id="a6517" style="position:absolute;font-weight:bold;font-style:normal;left:511.24px;top:35.2px;">Adjustments </div><div id="a6520" style="position:absolute;font-weight:bold;font-style:normal;left:613.04px;top:35.2px;">(as adjusted) </div><div id="a6524" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.3px;">Cash and cash equivalents </div><div id="a6526" style="position:absolute;font-weight:normal;font-style:normal;left:400.52px;top:52.3px;">$ </div><div id="a6528" style="position:absolute;left:466.6px;top:52.3px;">958</div><div id="a6531" style="position:absolute;font-weight:normal;font-style:normal;left:502.6px;top:52.3px;">$ </div><div id="a6533" style="position:absolute;left:575.44px;top:52.3px;">—</div><div id="a6536" style="position:absolute;font-weight:normal;font-style:normal;left:604.56px;top:52.3px;">$ </div><div id="a6538" style="position:absolute;left:670.64px;top:52.3px;">958</div><div id="a6542" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.7px;">Accounts receivable </div><div id="a6545" style="position:absolute;left:456.52px;top:66.7px;">8,473</div><div id="a6549" style="position:absolute;left:575.44px;top:66.7px;">—</div><div id="a6553" style="position:absolute;left:660.56px;top:66.7px;">8,473</div><div id="a6557" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.6px;">Inventories </div><div id="a6561" style="position:absolute;left:456.52px;top:81.6px;">4,527</div><div id="a6565" style="position:absolute;left:575.44px;top:81.6px;">—</div><div id="a6569" style="position:absolute;left:660.56px;top:81.6px;">4,527</div><div id="a6573" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:96.6px;">Prepaid expenses and other assets </div><div id="a6576" style="position:absolute;left:466.6px;top:96.6px;">181</div><div id="a6580" style="position:absolute;left:575.44px;top:96.6px;">—</div><div id="a6584" style="position:absolute;left:670.64px;top:96.6px;">181</div><div id="a6588" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:111.7px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment </div><div id="a6592" style="position:absolute;left:449.96px;top:111.7px;">10,467</div><div id="a6596" style="position:absolute;left:568.72px;top:111.7px;">652</div><div id="a6600" style="position:absolute;left:654px;top:111.7px;">11,119</div><div id="a6604" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:126.7px;">Intangible assets </div><div id="a6607" style="position:absolute;left:449.96px;top:126.7px;">30,300</div><div id="a6611" style="position:absolute;left:563.76px;top:126.7px;">(500)</div><div id="a6615" style="position:absolute;left:654px;top:126.7px;">29,800</div><div id="a6619" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.6px;">Goodwill </div><div id="a6623" style="position:absolute;left:456.52px;top:141.6px;">2,814</div><div id="a6627" style="position:absolute;left:568.72px;top:141.6px;">270</div><div id="a6631" style="position:absolute;left:660.56px;top:141.6px;">3,084</div><div id="a6636" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:157.3px;">Total assets purchased </div><div id="a6639" style="position:absolute;left:449.96px;top:157.3px;">57,720</div><div id="a6643" style="position:absolute;left:568.72px;top:157.3px;">422</div><div id="a6647" style="position:absolute;left:654px;top:157.3px;">58,142</div><div id="a6651" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:171.7px;">Long-term debt including current portions and finance leases </div><div id="a6656" style="position:absolute;left:466.6px;top:171.7px;">183</div><div id="a6660" style="position:absolute;left:568.72px;top:171.7px;">556</div><div id="a6664" style="position:absolute;left:670.64px;top:171.7px;">739</div><div id="a6668" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:186.8px;">Accounts payable, accrued expenses and other accrued<div style="display:inline-block;width:4.7px"> </div>liabilities </div><div id="a6672" style="position:absolute;left:456.52px;top:186.8px;">3,482</div><div id="a6676" style="position:absolute;left:575.44px;top:186.8px;">—</div><div id="a6680" style="position:absolute;left:660.56px;top:186.8px;">3,482</div><div id="a6685" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:203.4px;">Total liabilities assumed </div><div id="a6688" style="position:absolute;left:456.52px;top:203.4px;">3,665</div><div id="a6692" style="position:absolute;left:568.72px;top:203.4px;">556</div><div id="a6696" style="position:absolute;left:660.56px;top:203.4px;">4,221</div><div id="a6701" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:220.4px;">Total consideration<div style="display:inline-block;width:4.76px"> </div>paid for Coral </div><div id="a6704" style="position:absolute;left:449.96px;top:220.4px;">54,055</div><div id="a6708" style="position:absolute;left:563.76px;top:220.4px;">(134)</div><div id="a6712" style="position:absolute;left:654px;top:220.4px;">53,921</div><div id="a6717" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:237.3px;">Less: estimated purchase price settlement </div><div id="a6720" style="position:absolute;left:473.32px;top:237.3px;">—</div><div id="a6724" style="position:absolute;left:563.76px;top:237.3px;">(134)</div><div id="a6728" style="position:absolute;left:665.68px;top:237.3px;">(134)</div><div id="a6733" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:254.3px;">Less: cash acquired </div><div id="a6736" style="position:absolute;left:466.6px;top:254.3px;">958</div><div id="a6740" style="position:absolute;left:575.44px;top:254.3px;">—</div><div id="a6744" style="position:absolute;left:670.64px;top:254.3px;">958</div><div id="a6749" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:271.4px;">Net cash paid for Coral </div><div id="a6751" style="position:absolute;font-weight:normal;font-style:normal;left:400.52px;top:271.4px;">$ </div><div id="a6753" style="position:absolute;left:449.96px;top:271.4px;">53,097</div><div id="a6756" style="position:absolute;font-weight:normal;font-style:normal;left:502.6px;top:271.4px;">$ </div><div id="a6758" style="position:absolute;left:575.44px;top:271.4px;">—</div><div id="a6761" style="position:absolute;font-weight:normal;font-style:normal;left:604.56px;top:271.4px;">$ </div><div id="a6763" style="position:absolute;left:654px;top:271.4px;">53,097</div></div><div id="TextBlockContainer20" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:116px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_18_XBRL_TS_4dfca22478d748028f5d6a5c543fe326" style="position:absolute;left:24px;top:0px;float:left;"><div id="TextBlockContainer19" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:351px;height:16px;display:inline-block;"><div id="a6766" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">(1) As previously disclosed in the Company’s<div style="display:inline-block;width:5.2px"> </div>2020 Form 10-K</div></div></div><div id="a6766_59_2" style="position:absolute;font-weight:normal;font-style:normal;left:365.933px;top:0px;">. </div><div id="a6789" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Measurement period adjustments recorded during the first<div style="display:inline-block;width:4.73px"> </div>six months of 2021 include certain adjustments related<div style="display:inline-block;width:4.7px"> </div>to refining </div><div id="a6823" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">original estimates for assets and liabilities for certain<div style="display:inline-block;width:4.71px"> </div>acquired finance leases, as well the adjustment to reflect the expected<div style="display:inline-block;width:4.74px"> </div>settlement </div><div id="a6863" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">of post-closing working capital and net indebtedness true<div style="display:inline-block;width:4.71px"> </div>ups to the original purchase price.<div style="display:inline-block;width:7.43px"> </div>As of June 30, 2021,<div style="display:inline-block;width:3.88px"> </div>the allocation of the </div><div id="a6915" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.4px;">purchase price for Coral has not been finalized and the </div><div id="a6915_56_8" style="position:absolute;left:299.373px;top:69.4px;">one year</div><div id="a6915_64_63" style="position:absolute;font-weight:normal;font-style:normal;left:344.813px;top:69.4px;"><div style="display:inline-block;width:3.36px"> </div>measurement period has not ended.<div style="display:inline-block;width:7.52px"> </div>Further adjustments may be </div><div id="a6959" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">necessary as a result of the Company’s<div style="display:inline-block;width:5.12px"> </div>on-going assessment of additional information related to the<div style="display:inline-block;width:4.8px"> </div>fair value of assets acquired and </div><div id="a7003" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">liabilities assumed.</div></div><div id="TextBlockContainer22" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:308px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a7008" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">In May 2020, the Company acquired Tel<div style="display:inline-block;width:5.47px"> </div>Nordic ApS (“TEL”), a company that specializes in lubricants and engineering<div style="display:inline-block;width:4.89px"> </div>primarily </div><div id="a7046" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">in high pressure aluminum die casting for its Europe,<div style="display:inline-block;width:4.8px"> </div>Middle East and Africa (“EMEA”) reportable segment.<div style="display:inline-block;width:7.78px"> </div>Consideration paid was </div><div id="a7084" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">in the form of a convertible promissory note in the amount<div style="display:inline-block;width:4.8px"> </div>of </div><div id="a7084_62_4" style="position:absolute;left:334.893px;top:30.7px;">20.0</div><div id="a7084_66_32" style="position:absolute;font-weight:normal;font-style:normal;left:358.253px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million DKK, or approximately $</div><div id="a7084_98_3" style="position:absolute;left:540.52px;top:30.7px;">2.9</div><div id="a7084_101_20" style="position:absolute;font-weight:normal;font-style:normal;left:557.16px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>million, which was </div><div id="a7126" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">subsequently converted into shares of the Company’s<div style="display:inline-block;width:5.3px"> </div>common stock.<div style="display:inline-block;width:7.17px"> </div>An adjustment to the purchase price of approximately </div><div id="a7126_120_3" style="position:absolute;left:671.44px;top:46.1px;">0.4</div><div id="a7126_123_1" style="position:absolute;font-weight:normal;font-style:normal;left:688.24px;top:46.1px;"> </div><div id="a7163" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">million DKK, or less than $</div><div id="a7163_27_3" style="position:absolute;left:152.773px;top:61.3px;">0.1</div><div id="a7163_30_107" style="position:absolute;font-weight:normal;font-style:normal;left:169.253px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>million, was made as a result of finalizing a post-closing<div style="display:inline-block;width:4.82px"> </div>settlement in the second quarter of 2020.<div style="display:inline-block;width:7.57px"> </div>The </div><div id="a7213" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">Company allocated approximately $</div><div id="a7213_33_3" style="position:absolute;left:198.213px;top:76.6px;">2.4</div><div id="a7213_36_73" style="position:absolute;font-weight:normal;font-style:normal;left:214.853px;top:76.6px;"><div style="display:inline-block;width:3.4px"> </div>million of the purchase price to intangible assets to be amortized<div style="display:inline-block;width:4.74px"> </div>over </div><div id="a7213_109_8" style="position:absolute;left:593.04px;top:76.6px;">17 years</div><div id="a7213_117_16" style="position:absolute;font-weight:normal;font-style:normal;left:637.839px;top:76.6px;">.<div style="display:inline-block;width:6.76px"> </div>In addition, </div><div id="a7253" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">the Company recorded approximately $</div><div id="a7253_36_3" style="position:absolute;left:216.293px;top:92px;">0.5</div><div id="a7253_39_93" style="position:absolute;font-weight:normal;font-style:normal;left:232.973px;top:92px;"><div style="display:inline-block;width:3.36px"> </div>million of goodwill, related to expected value not allocated to<div style="display:inline-block;width:4.71px"> </div>other acquired assets, none </div><div id="a7292" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">of which will be tax deductible.<div style="display:inline-block;width:7.54px"> </div>As of June 30, 2021, the allocation of the purchase price of TEL<div style="display:inline-block;width:4.82px"> </div>was finalized and the </div><div id="a7292_121_8" style="position:absolute;left:642.479px;top:107.4px;">one year</div><div id="a7292_129_1" style="position:absolute;font-weight:normal;font-style:normal;left:688.079px;top:107.4px;"> </div><div id="a7344" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">measurement period ended.<div style="display:inline-block;width:4.04px"> </div></div><div id="a7351" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:145.9px;">In March 2020, the Company acquired the remaining </div><div id="a7351_50_2" style="position:absolute;left:315.693px;top:145.9px;">49</div><div id="a7351_52_68" style="position:absolute;font-weight:normal;font-style:normal;left:328.973px;top:145.9px;">% ownership interest in one of its South African affiliates,<div style="display:inline-block;width:4.76px"> </div>Quaker </div><div id="a7390" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">Chemical South Africa Limited (“QSA”) for </div><div id="a7390_42_4" style="position:absolute;left:245.933px;top:161.3px;">16.7</div><div id="a7390_46_32" style="position:absolute;font-weight:normal;font-style:normal;left:269.293px;top:161.3px;"><div style="display:inline-block;width:3.36px"> </div>million ZAR, or approximately $</div><div id="a7390_78_3" style="position:absolute;left:449.32px;top:161.3px;">1.0</div><div id="a7390_81_44" style="position:absolute;font-weight:normal;font-style:normal;left:466.12px;top:161.3px;"><div style="display:inline-block;width:3.2px"> </div>million, from its joint venture partner PQ </div><div id="a7429" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.6px;">Holdings South Africa.<div style="display:inline-block;width:7.34px"> </div>QSA is a part of the Company’s<div style="display:inline-block;width:4.77px"> </div>Europe, Middle East and Africa (“EMEA”) reportable segment.<div style="display:inline-block;width:8.07px"> </div>As this </div><div id="a7469" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192px;">acquisition was a change in an existing controlling ownership,<div style="display:inline-block;width:4.93px"> </div>the Company recorded $</div><div id="a7469_85_3" style="position:absolute;left:471.72px;top:192px;">0.7</div><div id="a7469_88_43" style="position:absolute;font-weight:normal;font-style:normal;left:488.2px;top:192px;"><div style="display:inline-block;width:3.36px"> </div>million of excess purchase price over the </div><div id="a7510" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;">carrying value of the noncontrolling interest in Capital in<div style="display:inline-block;width:4.76px"> </div>excess of par value.<div style="display:inline-block;width:6.99px"> </div></div><div id="a7537" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:230.8px;">In October 2019, the Company completed its acquisition<div style="display:inline-block;width:4.71px"> </div>of the operating divisions of Norman Hay plc (“Norman<div style="display:inline-block;width:4.7px"> </div>Hay”), a private </div><div id="a7577" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246px;">U.K. company that provides specialty chemicals, operating<div style="display:inline-block;width:4.64px"> </div>equipment, and services to industrial end markets.<div style="display:inline-block;width:8.04px"> </div>The original purchase </div><div id="a7611" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">price was </div><div id="a7611_10_4" style="position:absolute;left:58.539px;top:261.3px;">80.0</div><div id="a7611_14_119" style="position:absolute;font-weight:normal;font-style:normal;left:82.059px;top:261.3px;"><div style="display:inline-block;width:3.2px"> </div>million GBP,<div style="display:inline-block;width:5.02px"> </div>on a cash-free and debt-free basis, subject to routine<div style="display:inline-block;width:4.74px"> </div>and customary post-closing adjustments related to </div><div id="a7657" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">working capital and net indebtedness levels.<div style="display:inline-block;width:7.76px"> </div>The Company finalized its post-closing adjustments for<div style="display:inline-block;width:4.81px"> </div>the Norman Hay acquisition and </div><div id="a7696" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:292px;">paid approximately </div><div id="a7696_19_3" style="position:absolute;left:111.173px;top:292px;">2.5</div><div id="a7696_22_73" style="position:absolute;font-weight:normal;font-style:normal;left:127.973px;top:292px;"><div style="display:inline-block;width:3.2px"> </div>million GBP during the first quarter of 2020 to settle such adjustments.</div></div> 2300000 2800000 25000000 19600000 18300000 P19Y 900000 P14Y 400000 P3Y 5000000.0 P1Y 0.38 1400000 1700000 54100000 100000 <div id="TextBlockContainer16" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:703px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_14_XBRL_TS_063f2606415d4b358eb6d37079f1fdf7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer15" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:703px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a6493" style="position:absolute;font-weight:bold;font-style:normal;left:508.36px;top:0px;">Measurement </div><div id="a6496" style="position:absolute;font-weight:bold;font-style:normal;left:610.64px;top:0px;">December 22, </div><div id="a6502" style="position:absolute;font-weight:bold;font-style:normal;left:406.6px;top:17.6px;">December 22, </div><div id="a6505" style="position:absolute;font-weight:bold;font-style:normal;left:528.68px;top:17.6px;">Period </div><div id="a6508" style="position:absolute;font-weight:bold;font-style:normal;left:636.24px;top:17.6px;">2020 </div><div id="a6514" style="position:absolute;font-weight:bold;font-style:normal;left:422.76px;top:35.2px;">2020 (1) </div><div id="a6517" style="position:absolute;font-weight:bold;font-style:normal;left:511.24px;top:35.2px;">Adjustments </div><div id="a6520" style="position:absolute;font-weight:bold;font-style:normal;left:613.04px;top:35.2px;">(as adjusted) </div><div id="a6524" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.3px;">Cash and cash equivalents </div><div id="a6526" style="position:absolute;font-weight:normal;font-style:normal;left:400.52px;top:52.3px;">$ </div><div id="a6528" style="position:absolute;left:466.6px;top:52.3px;">958</div><div id="a6531" style="position:absolute;font-weight:normal;font-style:normal;left:502.6px;top:52.3px;">$ </div><div id="a6533" style="position:absolute;left:575.44px;top:52.3px;">—</div><div id="a6536" style="position:absolute;font-weight:normal;font-style:normal;left:604.56px;top:52.3px;">$ </div><div id="a6538" style="position:absolute;left:670.64px;top:52.3px;">958</div><div id="a6542" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.7px;">Accounts receivable </div><div id="a6545" style="position:absolute;left:456.52px;top:66.7px;">8,473</div><div id="a6549" style="position:absolute;left:575.44px;top:66.7px;">—</div><div id="a6553" style="position:absolute;left:660.56px;top:66.7px;">8,473</div><div id="a6557" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.6px;">Inventories </div><div id="a6561" style="position:absolute;left:456.52px;top:81.6px;">4,527</div><div id="a6565" style="position:absolute;left:575.44px;top:81.6px;">—</div><div id="a6569" style="position:absolute;left:660.56px;top:81.6px;">4,527</div><div id="a6573" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:96.6px;">Prepaid expenses and other assets </div><div id="a6576" style="position:absolute;left:466.6px;top:96.6px;">181</div><div id="a6580" style="position:absolute;left:575.44px;top:96.6px;">—</div><div id="a6584" style="position:absolute;left:670.64px;top:96.6px;">181</div><div id="a6588" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:111.7px;">Property, plant and<div style="display:inline-block;width:4.72px"> </div>equipment </div><div id="a6592" style="position:absolute;left:449.96px;top:111.7px;">10,467</div><div id="a6596" style="position:absolute;left:568.72px;top:111.7px;">652</div><div id="a6600" style="position:absolute;left:654px;top:111.7px;">11,119</div><div id="a6604" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:126.7px;">Intangible assets </div><div id="a6607" style="position:absolute;left:449.96px;top:126.7px;">30,300</div><div id="a6611" style="position:absolute;left:563.76px;top:126.7px;">(500)</div><div id="a6615" style="position:absolute;left:654px;top:126.7px;">29,800</div><div id="a6619" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.6px;">Goodwill </div><div id="a6623" style="position:absolute;left:456.52px;top:141.6px;">2,814</div><div id="a6627" style="position:absolute;left:568.72px;top:141.6px;">270</div><div id="a6631" style="position:absolute;left:660.56px;top:141.6px;">3,084</div><div id="a6636" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:157.3px;">Total assets purchased </div><div id="a6639" style="position:absolute;left:449.96px;top:157.3px;">57,720</div><div id="a6643" style="position:absolute;left:568.72px;top:157.3px;">422</div><div id="a6647" style="position:absolute;left:654px;top:157.3px;">58,142</div><div id="a6651" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:171.7px;">Long-term debt including current portions and finance leases </div><div id="a6656" style="position:absolute;left:466.6px;top:171.7px;">183</div><div id="a6660" style="position:absolute;left:568.72px;top:171.7px;">556</div><div id="a6664" style="position:absolute;left:670.64px;top:171.7px;">739</div><div id="a6668" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:186.8px;">Accounts payable, accrued expenses and other accrued<div style="display:inline-block;width:4.7px"> </div>liabilities </div><div id="a6672" style="position:absolute;left:456.52px;top:186.8px;">3,482</div><div id="a6676" style="position:absolute;left:575.44px;top:186.8px;">—</div><div id="a6680" style="position:absolute;left:660.56px;top:186.8px;">3,482</div><div id="a6685" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:203.4px;">Total liabilities assumed </div><div id="a6688" style="position:absolute;left:456.52px;top:203.4px;">3,665</div><div id="a6692" style="position:absolute;left:568.72px;top:203.4px;">556</div><div id="a6696" style="position:absolute;left:660.56px;top:203.4px;">4,221</div><div id="a6701" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:220.4px;">Total consideration<div style="display:inline-block;width:4.76px"> </div>paid for Coral </div><div id="a6704" style="position:absolute;left:449.96px;top:220.4px;">54,055</div><div id="a6708" style="position:absolute;left:563.76px;top:220.4px;">(134)</div><div id="a6712" style="position:absolute;left:654px;top:220.4px;">53,921</div><div id="a6717" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:237.3px;">Less: estimated purchase price settlement </div><div id="a6720" style="position:absolute;left:473.32px;top:237.3px;">—</div><div id="a6724" style="position:absolute;left:563.76px;top:237.3px;">(134)</div><div id="a6728" style="position:absolute;left:665.68px;top:237.3px;">(134)</div><div id="a6733" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:254.3px;">Less: cash acquired </div><div id="a6736" style="position:absolute;left:466.6px;top:254.3px;">958</div><div id="a6740" style="position:absolute;left:575.44px;top:254.3px;">—</div><div id="a6744" style="position:absolute;left:670.64px;top:254.3px;">958</div><div id="a6749" style="position:absolute;font-weight:normal;font-style:normal;left:16.427px;top:271.4px;">Net cash paid for Coral </div><div id="a6751" style="position:absolute;font-weight:normal;font-style:normal;left:400.52px;top:271.4px;">$ </div><div id="a6753" style="position:absolute;left:449.96px;top:271.4px;">53,097</div><div id="a6756" style="position:absolute;font-weight:normal;font-style:normal;left:502.6px;top:271.4px;">$ </div><div id="a6758" style="position:absolute;left:575.44px;top:271.4px;">—</div><div id="a6761" style="position:absolute;font-weight:normal;font-style:normal;left:604.56px;top:271.4px;">$ </div><div id="a6763" style="position:absolute;left:654px;top:271.4px;">53,097</div></div></div></div><div id="TextBlockContainer19" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:351px;height:16px;display:inline-block;"><div id="a6766" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">(1) As previously disclosed in the Company’s<div style="display:inline-block;width:5.2px"> </div>2020 Form 10-K</div></div> 958000 0 958000 8473000 0 8473000 4527000 0 4527000 181000 0 181000 10467000 652000 11119000 30300000 -500000 29800000 2814000 270000 3084000 57720000 422000 58142000 183000 556000 739000 3482000 0 3482000 3665000 556000 4221000 54055000 -134000 53921000 0 -134000 -134000 958000 0 958000 53097000 0 53097000 P1Y 20000000.0 2900000 400000 100000 2400000 P17Y 500000 P1Y 0.49 16700000 1000000.0 700000 80000000.0 2500000 <div id="TextBlockContainer24" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:346px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a7776" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 3 – Recently Issued Accounting Standards<div style="display:inline-block;width:4.46px"> </div></div><div id="a7791" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:24.3px;">Recently Issued Accounting Standards<div style="display:inline-block;width:4.89px"> </div>Adopted </div><div id="a7801" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:46.2px;">The Financial Accounting Standards Board (“FASB”)<div style="display:inline-block;width:5.59px"> </div>issued Account Standards Update (“ASU”)</div><div id="a7822" style="position:absolute;font-size:14.72px;font-weight:normal;font-style:normal;left:550.6px;top:44.9px;"> </div><div id="a7823" style="position:absolute;font-weight:normal;font-style:normal;left:554.28px;top:46.2px;">ASU 2019-12</div><div id="a7828" style="position:absolute;font-weight:normal;font-style:italic;left:629.04px;top:46.2px;">, Income Taxes </div><div id="a7834" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:61.6px;">(Topic<div style="display:inline-block;width:4.82px"> </div>740): Simplifying the Accounting for Income Taxes</div><div id="a7849" style="position:absolute;font-weight:normal;font-style:normal;left:315.373px;top:61.6px;"><div style="display:inline-block;width:3.36px"> </div>in December 2019 to simplify the accounting for income taxes.<div style="display:inline-block;width:8.15px"> </div>The </div><div id="a7872" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:77px;">guidance within this accounting standard update<div style="display:inline-block;width:4.56px"> </div>removes certain exceptions, including the exception to the<div style="display:inline-block;width:4.8px"> </div>incremental approach for </div><div id="a7907" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92.3px;">certain intra-period tax allocations, to the requirement<div style="display:inline-block;width:4.75px"> </div>to recognize or not recognize certain deferred tax liabilities for<div style="display:inline-block;width:4.88px"> </div>equity method </div><div id="a7948" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.7px;">investments and foreign subsidiaries, and to the general<div style="display:inline-block;width:4.71px"> </div>methodology for calculating income taxes in an interim period<div style="display:inline-block;width:4.64px"> </div>when a year-to-</div><div id="a7990" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.9px;">date loss exceeds the anticipated loss for the year.<div style="display:inline-block;width:8.73px"> </div>Further, the guidance simplifies the accounting<div style="display:inline-block;width:4.76px"> </div>related to franchise taxes, the step </div><div id="a8032" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.2px;">up in tax basis for goodwill, current and deferred tax<div style="display:inline-block;width:4.7px"> </div>expense, and codification improvements for income taxes related<div style="display:inline-block;width:4.74px"> </div>to employee </div><div id="a8072" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.6px;">stock ownership plans.<div style="display:inline-block;width:7.32px"> </div>The guidance is effective for annual and interim<div style="display:inline-block;width:4.59px"> </div>periods beginning after December 15, 2020.<div style="display:inline-block;width:7.82px"> </div>The Company </div><div id="a8110" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169px;">adopted this standard on a prospective basis, effective<div style="display:inline-block;width:4.86px"> </div>January 1, 2021.<div style="display:inline-block;width:7.1px"> </div>There was no cumulative effect of adoption recorded<div style="display:inline-block;width:4.73px"> </div>within </div><div id="a8152" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.3px;">retained earnings on January 1, 2021. </div><div id="a8166" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:207.6px;">The FASB issued<div style="display:inline-block;width:4.75px"> </div>ASU 2020-04, </div><div id="a8178" style="position:absolute;font-weight:normal;font-style:italic;left:207.173px;top:207.6px;">Reference Rate Reform (Topic<div style="display:inline-block;width:5.73px"> </div>848): Facilitation of the Effects of Reference Rate<div style="display:inline-block;width:4.85px"> </div>Reform on </div><div id="a8206" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:222.9px;">Financial Reporting</div><div id="a8210" style="position:absolute;font-weight:normal;font-style:normal;left:113.093px;top:222.9px;"><div style="display:inline-block;width:3.36px"> </div>in March 2020.<div style="display:inline-block;width:6.97px"> </div>The FASB subsequently<div style="display:inline-block;width:4.78px"> </div>issued ASU 2021-01, </div><div id="a8232" style="position:absolute;font-weight:normal;font-style:italic;left:456.52px;top:222.9px;">Reference Rate Reform (Topic<div style="display:inline-block;width:5.57px"> </div>848): Scope</div><div id="a8243" style="position:absolute;font-weight:normal;font-style:normal;left:685.68px;top:222.9px;"><div style="display:inline-block;width:3.36px"> </div>in </div><div id="a8246" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238.3px;">January 2021 which clarified the guidance but did<div style="display:inline-block;width:4.58px"> </div>not materially change the guidance or its applicability to<div style="display:inline-block;width:4.78px"> </div>the Company.<div style="display:inline-block;width:7.64px"> </div>The </div><div id="a8288" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:253.6px;">amendments provide temporary optional expedients and<div style="display:inline-block;width:4.76px"> </div>exceptions for applying U.S. GAAP to contract modifications,<div style="display:inline-block;width:4.54px"> </div>hedging </div><div id="a8319" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:269px;">relationships and other transactions to ease the potential<div style="display:inline-block;width:4.8px"> </div>accounting and financial reporting burden associated with transitioning<div style="display:inline-block;width:5.11px"> </div>away </div><div id="a8353" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:284.4px;">from reference rates that are expected to be discontinued,<div style="display:inline-block;width:4.84px"> </div>including the London Interbank Offered Rate (“LI<div style="display:inline-block;width:1.49px"> </div>BOR”).<div style="display:inline-block;width:6.74px"> </div>ASU 2020-04 is </div><div id="a8394" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:299.7px;">effective for the Company as of March 12,<div style="display:inline-block;width:4.61px"> </div>2020 and generally can be applied through December 31, 2022.<div style="display:inline-block;width:8.09px"> </div>As of June 30, 2021, the </div><div id="a8442" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:314.9px;">expedients provided in ASU 2020-04 do not presently<div style="display:inline-block;width:4.74px"> </div>impact the Company; however, the Company<div style="display:inline-block;width:4.8px"> </div>will continue to monitor for </div><div id="a8483" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:330.3px;">potential impacts on its consolidated financial statements.</div></div> <div id="TextBlockContainer28" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:213px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a8497" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 4 – Business Segments </div><div id="div_26_XBRL_TS_2d4a2c3dfae3439ebf761d2e8084c05f" style="position:absolute;left:0px;top:21.9px;float:left;"><div id="TextBlockContainer27" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a8507" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company’s operating<div style="display:inline-block;width:4.81px"> </div>segments, which are consistent with its reportable segments,<div style="display:inline-block;width:4.7px"> </div>reflect the structure of the Company’s </div><div id="a8541" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">internal organization, the method by which<div style="display:inline-block;width:4.78px"> </div>the Company’s resources are allocated<div style="display:inline-block;width:4.86px"> </div>and the manner by which the chief operating </div><div id="a8579" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">decision maker assesses the Company’s<div style="display:inline-block;width:5.1px"> </div>performance.<div style="display:inline-block;width:7.03px"> </div>The Company has </div><div id="a8579_68_4" style="position:absolute;left:398.28px;top:30.7px;">four</div><div id="a8579_72_53" style="position:absolute;font-weight:normal;font-style:normal;left:420.52px;top:30.7px;"><div style="display:inline-block;width:3.2px"> </div>reportable segments: (i) Americas; (ii) EMEA; (iii) </div><div id="a8615" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">Asia/Pacific; and (iv) Global Specialty Businesses.<div style="display:inline-block;width:7.76px"> </div>The three geographic segments are composed of the net<div style="display:inline-block;width:4.81px"> </div>sales and operations in </div><div id="a8653" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.5px;">each respective region, excluding net sales and operations<div style="display:inline-block;width:4.85px"> </div>managed globally by the Global Specialty Businesses segment, which </div><div id="a8687" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.8px;">includes the Company’s<div style="display:inline-block;width:4.73px"> </div>container, metal finishing, mining,<div style="display:inline-block;width:4.58px"> </div>offshore, specialty coatings, specialty grease and<div style="display:inline-block;width:4.75px"> </div>Norman Hay businesses.</div></div></div><div id="a8687_132_1" style="position:absolute;font-weight:normal;font-style:normal;left:720.4px;top:98.7px;"> </div><div id="a8721" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:120.7px;">Segment operating earnings for each of the Company’s<div style="display:inline-block;width:5.54px"> </div>reportable segments are comprised of the segment’s<div style="display:inline-block;width:5.13px"> </div>net sales less directly </div><div id="a8760" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">related cost of goods sold (“COGS”) and selling, general<div style="display:inline-block;width:4.74px"> </div>and administrative expenses (“SG&amp;A”).<div style="display:inline-block;width:7.57px"> </div>Operating expenses not directly </div><div id="a8796" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:151.4px;">attributable to the net sales of each respective segment,<div style="display:inline-block;width:4.77px"> </div>such as certain corporate and administrative costs, Combination, integration </div><div id="a8832" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:166.7px;">and other acquisition-related expenses, and Restructuring and related<div style="display:inline-block;width:4.91px"> </div>charges, are not included in segment operating<div style="display:inline-block;width:4.71px"> </div>earnings.<div style="display:inline-block;width:6.73px"> </div>Other </div><div id="a8870" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:181.9px;">items not specifically identified with the Company’s<div style="display:inline-block;width:5.34px"> </div>reportable segments include interest expense, net and other<div style="display:inline-block;width:4.71px"> </div>income (expense), </div><div id="a8904" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:197.3px;">net.</div></div><div id="TextBlockContainer30" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:698px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a8957" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following table presents information about the performance<div style="display:inline-block;width:4.82px"> </div>of the Company’s reportable segments<div style="display:inline-block;width:4.87px"> </div>for the three and six </div><div id="a8993" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">months ended June 30, 2021 and 2020.<div style="display:inline-block;width:7.65px"> </div>Certain immaterial reclassifications within the segment disclosures<div style="display:inline-block;width:4.87px"> </div>for the three and six </div><div id="a9032" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">months ended June 30, 2020 have been made to conform<div style="display:inline-block;width:4.85px"> </div>with the Company’s current customer<div style="display:inline-block;width:4.77px"> </div>industry segmentation.</div></div><div id="TextBlockContainer33" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a9069" style="position:absolute;font-weight:bold;font-style:normal;left:386.733px;top:0px;">Three Months Ended </div><div id="a9072" style="position:absolute;font-weight:bold;font-style:normal;left:581.84px;top:0px;">Six Months Ended </div><div id="a9076" style="position:absolute;font-weight:bold;font-style:normal;left:423.72px;top:17.6px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a9079" style="position:absolute;font-weight:bold;font-style:normal;left:610.8px;top:17.6px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a9083" style="position:absolute;font-weight:bold;font-style:normal;left:386.573px;top:35.5px;">2021 </div><div id="a9086" style="position:absolute;font-weight:bold;font-style:normal;left:481.64px;top:35.5px;">2020 </div><div id="a9089" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:35.5px;">2021 </div><div id="a9092" style="position:absolute;font-weight:bold;font-style:normal;left:667.76px;top:35.5px;">2020 </div><div id="a9094" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.1px;">Net sales </div><div id="a9096" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9099" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9101" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9103" style="position:absolute;font-weight:normal;font-style:normal;left:463.56px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9105" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9107" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9109" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9111" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9113" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9115" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9118" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:70.4px;">Americas </div><div id="a9120" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:70.4px;">$ </div><div id="a9122" style="position:absolute;left:394.28px;top:70.4px;">139,673</div><div id="a9125" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:70.4px;">$ </div><div id="a9127" style="position:absolute;left:496.04px;top:70.4px;">80,576</div><div id="a9130" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:70.4px;">$ </div><div id="a9132" style="position:absolute;left:582.32px;top:70.4px;">274,544</div><div id="a9135" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:70.4px;">$ </div><div id="a9137" style="position:absolute;left:675.28px;top:70.4px;">210,472</div><div id="a9140" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:88px;">EMEA </div><div id="a9142" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:88px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9144" style="position:absolute;left:394.28px;top:88px;">123,436</div><div id="a9147" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:88px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9149" style="position:absolute;left:496.04px;top:88px;">77,702</div><div id="a9152" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:88px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9154" style="position:absolute;left:582.32px;top:88px;">243,250</div><div id="a9157" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:88px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9159" style="position:absolute;left:675.28px;top:88px;">182,541</div><div id="a9162" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:105.6px;">Asia/Pacific </div><div id="a9164" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:105.6px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9166" style="position:absolute;left:401px;top:105.6px;">91,559</div><div id="a9169" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:105.6px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9171" style="position:absolute;left:496.04px;top:105.6px;">68,421</div><div id="a9174" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:105.6px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9176" style="position:absolute;left:582.32px;top:105.6px;">188,265</div><div id="a9179" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:105.6px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9181" style="position:absolute;left:675.28px;top:105.6px;">141,973</div><div id="a9184" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:123.2px;">Global Specialty Businesses </div><div id="a9186" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:123.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9188" style="position:absolute;left:401px;top:123.2px;">80,594</div><div id="a9191" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:123.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9193" style="position:absolute;left:496.04px;top:123.2px;">59,341</div><div id="a9196" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:123.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9198" style="position:absolute;left:582.32px;top:123.2px;">158,986</div><div id="a9201" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:123.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9203" style="position:absolute;left:675.28px;top:123.2px;">129,615</div><div id="a9205" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.4px;">Total net sales </div><div id="a9207" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:141.4px;">$ </div><div id="a9209" style="position:absolute;left:394.28px;top:141.4px;">435,262</div><div id="a9212" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:141.4px;">$ </div><div id="a9214" style="position:absolute;left:489.32px;top:141.4px;">286,040</div><div id="a9217" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:141.4px;">$ </div><div id="a9219" style="position:absolute;left:582.32px;top:141.4px;">865,045</div><div id="a9222" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:141.4px;">$ </div><div id="a9224" style="position:absolute;left:675.28px;top:141.4px;">664,601</div><div id="a9239" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.6px;">Segment operating earnings </div><div id="a9253" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:195.2px;">Americas </div><div id="a9255" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:195.2px;">$ </div><div id="a9257" style="position:absolute;left:401px;top:195.2px;">33,648</div><div id="a9260" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:195.2px;">$ </div><div id="a9262" style="position:absolute;left:496.04px;top:195.2px;">10,303</div><div id="a9265" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:195.2px;">$ </div><div id="a9267" style="position:absolute;left:589.04px;top:195.2px;">65,882</div><div id="a9270" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:195.2px;">$ </div><div id="a9272" style="position:absolute;left:682px;top:195.2px;">39,491</div><div id="a9275" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:212.8px;">EMEA </div><div id="a9278" style="position:absolute;left:401px;top:212.8px;">23,405</div><div id="a9282" style="position:absolute;left:496.04px;top:212.8px;">10,471</div><div id="a9286" style="position:absolute;left:589.04px;top:212.8px;">48,649</div><div id="a9290" style="position:absolute;left:682px;top:212.8px;">28,830</div><div id="a9293" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:230.4px;">Asia/Pacific </div><div id="a9296" style="position:absolute;left:401px;top:230.4px;">23,227</div><div id="a9300" style="position:absolute;left:496.04px;top:230.4px;">19,261</div><div id="a9304" style="position:absolute;left:589.04px;top:230.4px;">50,705</div><div id="a9308" style="position:absolute;left:682px;top:230.4px;">38,802</div><div id="a9311" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:248px;">Global Specialty Businesses </div><div id="a9313" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:248px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9315" style="position:absolute;left:401px;top:248px;">24,209</div><div id="a9318" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:248px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9320" style="position:absolute;left:496.04px;top:248px;">16,393</div><div id="a9323" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:248px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9325" style="position:absolute;left:589.04px;top:248px;">48,378</div><div id="a9328" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:248px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9330" style="position:absolute;left:682px;top:248px;">36,953</div><div id="a9332" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:266px;">Total segment operating<div style="display:inline-block;width:4.98px"> </div>earnings </div><div id="a9334" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:266px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9336" style="position:absolute;left:394.28px;top:266px;">104,489</div><div id="a9339" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:266px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9341" style="position:absolute;left:496.04px;top:266px;">56,428</div><div id="a9344" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:266px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9346" style="position:absolute;left:582.32px;top:266px;">213,614</div><div id="a9350" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:266px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9352" style="position:absolute;left:675.28px;top:266px;">144,076</div><div id="a9354" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:283.2px;">Combination, integration and other acquisition-related<div style="display:inline-block;width:4.74px"> </div>expenses </div><div id="a9360" style="position:absolute;left:402.76px;top:283.2px;">(6,658)</div><div id="a9364" style="position:absolute;left:497.8px;top:283.2px;">(7,995)</div><div id="a9368" style="position:absolute;left:584.08px;top:283.2px;">(12,473)</div><div id="a9372" style="position:absolute;left:677.04px;top:283.2px;">(15,873)</div><div id="a9374" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300.8px;">Restructuring and related charges </div><div id="a9378" style="position:absolute;left:412.68px;top:300.8px;">(298)</div><div id="a9382" style="position:absolute;left:507.72px;top:300.8px;">(486)</div><div id="a9386" style="position:absolute;left:590.8px;top:300.8px;">(1,473)</div><div id="a9390" style="position:absolute;left:683.76px;top:300.8px;">(2,202)</div><div id="a9392" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:318.4px;">Fair value step up of acquired inventory sold<div style="display:inline-block;width:2.19px"> </div></div><div id="a9396" style="position:absolute;left:424.36px;top:318.4px;">—</div><div id="a9400" style="position:absolute;left:507.72px;top:318.4px;">(226)</div><div id="a9404" style="position:absolute;left:600.72px;top:318.4px;">(801)</div><div id="a9408" style="position:absolute;left:693.68px;top:318.4px;">(226)</div><div id="a9410" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:336px;">Indefinite-lived intangible asset impairment </div><div id="a9416" style="position:absolute;left:424.36px;top:336px;">—</div><div id="a9420" style="position:absolute;left:519.4px;top:336px;">—</div><div id="a9424" style="position:absolute;left:612.4px;top:336px;">—</div><div id="a9428" style="position:absolute;left:677.04px;top:336px;">(38,000)</div><div id="a9430" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:353.6px;">Non-operating and administrative expenses </div><div id="a9435" style="position:absolute;left:396.04px;top:353.6px;">(43,077)</div><div id="a9439" style="position:absolute;left:491.08px;top:353.6px;">(32,045)</div><div id="a9443" style="position:absolute;left:584.08px;top:353.6px;">(84,069)</div><div id="a9447" style="position:absolute;left:677.04px;top:353.6px;">(70,496)</div><div id="a9449" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:371.2px;">Depreciation<div style="display:inline-block;width:3.77px"> </div>of corporate assets and amortization </div><div id="a9452" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:371.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9454" style="position:absolute;left:396.04px;top:371.2px;">(15,640)</div><div id="a9457" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:371.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9459" style="position:absolute;left:491.08px;top:371.2px;">(13,438)</div><div id="a9462" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:371.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9464" style="position:absolute;left:584.08px;top:371.2px;">(31,088)</div><div id="a9467" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:371.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9469" style="position:absolute;left:677.04px;top:371.2px;">(27,485)</div><div id="a9471" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:389.2px;">Operating income (loss)<div style="display:inline-block;width:3.85px"> </div></div><div id="a9474" style="position:absolute;left:401px;top:389.2px;">38,816</div><div id="a9479" style="position:absolute;left:502.6px;top:389.2px;">2,238</div><div id="a9483" style="position:absolute;left:589.04px;top:389.2px;">83,710</div><div id="a9487" style="position:absolute;left:677.04px;top:389.2px;">(10,206)</div><div id="a9489" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:406.5px;">Other income (expense), net </div><div id="a9492" style="position:absolute;left:401px;top:406.5px;">14,010</div><div id="a9496" style="position:absolute;left:507.72px;top:406.5px;">(993)</div><div id="a9500" style="position:absolute;left:589.04px;top:406.5px;">18,697</div><div id="a9504" style="position:absolute;left:677.04px;top:406.5px;">(22,168)</div><div id="a9506" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:424.1px;">Interest expense, net </div><div id="a9509" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:424.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9511" style="position:absolute;left:402.76px;top:424.1px;">(5,618)</div><div id="a9514" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:424.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9516" style="position:absolute;left:497.8px;top:424.1px;">(6,811)</div><div id="a9519" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:424.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9521" style="position:absolute;left:584.08px;top:424.1px;">(11,088)</div><div id="a9524" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:424.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9526" style="position:absolute;left:677.04px;top:424.1px;">(15,272)</div><div id="a9528" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:442px;">Income (loss) before taxes and equity in net income of </div><div id="a9542" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:458.9px;">associated companies </div><div id="a9544" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:458.9px;">$ </div><div id="a9546" style="position:absolute;left:401px;top:458.9px;">47,208</div><div id="a9549" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:458.9px;">$ </div><div id="a9551" style="position:absolute;left:497.8px;top:458.9px;">(5,566)</div><div id="a9554" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:458.9px;">$ </div><div id="a9556" style="position:absolute;left:589.04px;top:458.9px;">91,319</div><div id="a9559" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:458.9px;">$ </div><div id="a9561" style="position:absolute;left:677.04px;top:458.9px;">(47,646)</div></div><div id="TextBlockContainer36" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:726px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a9563" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Inter-segment revenues for the three and six months<div style="display:inline-block;width:4.76px"> </div>ended June 30, 2021 were $</div><div id="a9563_78_3" style="position:absolute;left:458.12px;top:0px;">2.4</div><div id="a9563_81_14" style="position:absolute;font-weight:normal;font-style:normal;left:474.759px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a9563_95_3" style="position:absolute;left:549.159px;top:0px;">5.7</div><div id="a9563_98_24" style="position:absolute;font-weight:normal;font-style:normal;left:565.799px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million for Americas, $</div><div id="a9563_122_3" style="position:absolute;left:694.319px;top:0px;">6.3</div><div id="a9563_125_1" style="position:absolute;font-weight:normal;font-style:normal;left:711.119px;top:0px;"> </div><div id="a9612" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">million and $</div><div id="a9612_13_4" style="position:absolute;left:75.658px;top:15.4px;">15.1</div><div id="a9612_17_20" style="position:absolute;font-weight:normal;font-style:normal;left:99.013px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million for EMEA, $</div><div id="a9612_37_3" style="position:absolute;left:214.213px;top:15.4px;">0.4</div><div id="a9612_40_14" style="position:absolute;font-weight:normal;font-style:normal;left:230.893px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a9612_54_3" style="position:absolute;left:305.453px;top:15.4px;">0.5</div><div id="a9612_57_32" style="position:absolute;font-weight:normal;font-style:normal;left:322.093px;top:15.4px;"><div style="display:inline-block;width:3.2px"> </div>million for Asia/Pacific, and $</div><div id="a9612_89_3" style="position:absolute;left:487.079px;top:15.4px;">2.1</div><div id="a9612_92_14" style="position:absolute;font-weight:normal;font-style:normal;left:503.879px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a9612_106_3" style="position:absolute;left:578.319px;top:15.4px;">4.1</div><div id="a9612_109_20" style="position:absolute;font-weight:normal;font-style:normal;left:594.959px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million for Global </div><div id="a9656" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">Specialty Businesses, respectively.<div style="display:inline-block;width:8.55px"> </div>Inter-segment revenues for the three and six months<div style="display:inline-block;width:4.76px"> </div>ended June 30, 2020 were $</div><div id="a9656_115_3" style="position:absolute;left:626.959px;top:30.6px;">2.4</div><div id="a9656_118_13" style="position:absolute;font-weight:normal;font-style:normal;left:643.599px;top:30.6px;"><div style="display:inline-block;width:3.2px"> </div>million and </div><div id="a9699" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">$</div><div id="a9699_1_3" style="position:absolute;left:11.147px;top:45.9px;">5.3</div><div id="a9699_4_24" style="position:absolute;font-weight:normal;font-style:normal;left:27.947px;top:45.9px;"><div style="display:inline-block;width:3.36px"> </div>million for Americas, $</div><div id="a9699_28_3" style="position:absolute;left:156.453px;top:45.9px;">5.3</div><div id="a9699_31_14" style="position:absolute;font-weight:normal;font-style:normal;left:172.933px;top:45.9px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a9699_45_4" style="position:absolute;left:247.533px;top:45.9px;">10.8</div><div id="a9699_49_20" style="position:absolute;font-weight:normal;font-style:normal;left:270.893px;top:45.9px;"><div style="display:inline-block;width:3.2px"> </div>million for EMEA, $</div><div id="a9699_69_3" style="position:absolute;left:386.093px;top:45.9px;">0.1</div><div id="a9699_72_14" style="position:absolute;font-weight:normal;font-style:normal;left:402.759px;top:45.9px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a9699_86_3" style="position:absolute;left:477.159px;top:45.9px;">0.3</div><div id="a9699_89_32" style="position:absolute;font-weight:normal;font-style:normal;left:493.799px;top:45.9px;"><div style="display:inline-block;width:3.36px"> </div>million for Asia/Pacific, and $</div><div id="a9699_121_3" style="position:absolute;left:658.959px;top:45.9px;">1.0</div><div id="a9699_124_9" style="position:absolute;font-weight:normal;font-style:normal;left:675.759px;top:45.9px;"><div style="display:inline-block;width:3.2px"> </div>million </div><div id="a9748" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">and $</div><div id="a9748_5_3" style="position:absolute;left:33.867px;top:61.3px;">2.3</div><div id="a9748_8_123" style="position:absolute;font-weight:normal;font-style:normal;left:50.539px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>million for Global Specialty Businesses, respectively.<div style="display:inline-block;width:8.6px"> </div>However, all inter-segment<div style="display:inline-block;width:4.7px"> </div>transactions have been eliminated from </div><div id="a9783" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">each reportable operating segment’s<div style="display:inline-block;width:4.97px"> </div>net sales and earnings for all periods presented in the above<div style="display:inline-block;width:4.79px"> </div>tables.</div></div> <div id="TextBlockContainer27" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:93px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a8507" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company’s operating<div style="display:inline-block;width:4.81px"> </div>segments, which are consistent with its reportable segments,<div style="display:inline-block;width:4.7px"> </div>reflect the structure of the Company’s </div><div id="a8541" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">internal organization, the method by which<div style="display:inline-block;width:4.78px"> </div>the Company’s resources are allocated<div style="display:inline-block;width:4.86px"> </div>and the manner by which the chief operating </div><div id="a8579" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">decision maker assesses the Company’s<div style="display:inline-block;width:5.1px"> </div>performance.<div style="display:inline-block;width:7.03px"> </div>The Company has </div><div id="a8579_68_4" style="position:absolute;left:398.28px;top:30.7px;">four</div><div id="a8579_72_53" style="position:absolute;font-weight:normal;font-style:normal;left:420.52px;top:30.7px;"><div style="display:inline-block;width:3.2px"> </div>reportable segments: (i) Americas; (ii) EMEA; (iii) </div><div id="a8615" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">Asia/Pacific; and (iv) Global Specialty Businesses.<div style="display:inline-block;width:7.76px"> </div>The three geographic segments are composed of the net<div style="display:inline-block;width:4.81px"> </div>sales and operations in </div><div id="a8653" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.5px;">each respective region, excluding net sales and operations<div style="display:inline-block;width:4.85px"> </div>managed globally by the Global Specialty Businesses segment, which </div><div id="a8687" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.8px;">includes the Company’s<div style="display:inline-block;width:4.73px"> </div>container, metal finishing, mining,<div style="display:inline-block;width:4.58px"> </div>offshore, specialty coatings, specialty grease and<div style="display:inline-block;width:4.75px"> </div>Norman Hay businesses.</div></div> 4 <div id="TextBlockContainer34" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_32_XBRL_TS_d064a6ad78bf47a78fd8b64142fe0633" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer33" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a9069" style="position:absolute;font-weight:bold;font-style:normal;left:386.733px;top:0px;">Three Months Ended </div><div id="a9072" style="position:absolute;font-weight:bold;font-style:normal;left:581.84px;top:0px;">Six Months Ended </div><div id="a9076" style="position:absolute;font-weight:bold;font-style:normal;left:423.72px;top:17.6px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a9079" style="position:absolute;font-weight:bold;font-style:normal;left:610.8px;top:17.6px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a9083" style="position:absolute;font-weight:bold;font-style:normal;left:386.573px;top:35.5px;">2021 </div><div id="a9086" style="position:absolute;font-weight:bold;font-style:normal;left:481.64px;top:35.5px;">2020 </div><div id="a9089" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:35.5px;">2021 </div><div id="a9092" style="position:absolute;font-weight:bold;font-style:normal;left:667.76px;top:35.5px;">2020 </div><div id="a9094" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.1px;">Net sales </div><div id="a9096" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9099" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9101" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9103" style="position:absolute;font-weight:normal;font-style:normal;left:463.56px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9105" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9107" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9109" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9111" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9113" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9115" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:53.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9118" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:70.4px;">Americas </div><div id="a9120" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:70.4px;">$ </div><div id="a9122" style="position:absolute;left:394.28px;top:70.4px;">139,673</div><div id="a9125" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:70.4px;">$ </div><div id="a9127" style="position:absolute;left:496.04px;top:70.4px;">80,576</div><div id="a9130" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:70.4px;">$ </div><div id="a9132" style="position:absolute;left:582.32px;top:70.4px;">274,544</div><div id="a9135" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:70.4px;">$ </div><div id="a9137" style="position:absolute;left:675.28px;top:70.4px;">210,472</div><div id="a9140" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:88px;">EMEA </div><div id="a9142" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:88px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9144" style="position:absolute;left:394.28px;top:88px;">123,436</div><div id="a9147" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:88px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9149" style="position:absolute;left:496.04px;top:88px;">77,702</div><div id="a9152" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:88px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9154" style="position:absolute;left:582.32px;top:88px;">243,250</div><div id="a9157" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:88px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9159" style="position:absolute;left:675.28px;top:88px;">182,541</div><div id="a9162" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:105.6px;">Asia/Pacific </div><div id="a9164" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:105.6px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9166" style="position:absolute;left:401px;top:105.6px;">91,559</div><div id="a9169" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:105.6px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9171" style="position:absolute;left:496.04px;top:105.6px;">68,421</div><div id="a9174" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:105.6px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9176" style="position:absolute;left:582.32px;top:105.6px;">188,265</div><div id="a9179" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:105.6px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9181" style="position:absolute;left:675.28px;top:105.6px;">141,973</div><div id="a9184" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:123.2px;">Global Specialty Businesses </div><div id="a9186" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:123.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9188" style="position:absolute;left:401px;top:123.2px;">80,594</div><div id="a9191" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:123.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9193" style="position:absolute;left:496.04px;top:123.2px;">59,341</div><div id="a9196" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:123.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9198" style="position:absolute;left:582.32px;top:123.2px;">158,986</div><div id="a9201" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:123.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9203" style="position:absolute;left:675.28px;top:123.2px;">129,615</div><div id="a9205" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.4px;">Total net sales </div><div id="a9207" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:141.4px;">$ </div><div id="a9209" style="position:absolute;left:394.28px;top:141.4px;">435,262</div><div id="a9212" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:141.4px;">$ </div><div id="a9214" style="position:absolute;left:489.32px;top:141.4px;">286,040</div><div id="a9217" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:141.4px;">$ </div><div id="a9219" style="position:absolute;left:582.32px;top:141.4px;">865,045</div><div id="a9222" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:141.4px;">$ </div><div id="a9224" style="position:absolute;left:675.28px;top:141.4px;">664,601</div><div id="a9239" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177.6px;">Segment operating earnings </div><div id="a9253" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:195.2px;">Americas </div><div id="a9255" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:195.2px;">$ </div><div id="a9257" style="position:absolute;left:401px;top:195.2px;">33,648</div><div id="a9260" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:195.2px;">$ </div><div id="a9262" style="position:absolute;left:496.04px;top:195.2px;">10,303</div><div id="a9265" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:195.2px;">$ </div><div id="a9267" style="position:absolute;left:589.04px;top:195.2px;">65,882</div><div id="a9270" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:195.2px;">$ </div><div id="a9272" style="position:absolute;left:682px;top:195.2px;">39,491</div><div id="a9275" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:212.8px;">EMEA </div><div id="a9278" style="position:absolute;left:401px;top:212.8px;">23,405</div><div id="a9282" style="position:absolute;left:496.04px;top:212.8px;">10,471</div><div id="a9286" style="position:absolute;left:589.04px;top:212.8px;">48,649</div><div id="a9290" style="position:absolute;left:682px;top:212.8px;">28,830</div><div id="a9293" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:230.4px;">Asia/Pacific </div><div id="a9296" style="position:absolute;left:401px;top:230.4px;">23,227</div><div id="a9300" style="position:absolute;left:496.04px;top:230.4px;">19,261</div><div id="a9304" style="position:absolute;left:589.04px;top:230.4px;">50,705</div><div id="a9308" style="position:absolute;left:682px;top:230.4px;">38,802</div><div id="a9311" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:248px;">Global Specialty Businesses </div><div id="a9313" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:248px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9315" style="position:absolute;left:401px;top:248px;">24,209</div><div id="a9318" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:248px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9320" style="position:absolute;left:496.04px;top:248px;">16,393</div><div id="a9323" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:248px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9325" style="position:absolute;left:589.04px;top:248px;">48,378</div><div id="a9328" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:248px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9330" style="position:absolute;left:682px;top:248px;">36,953</div><div id="a9332" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:266px;">Total segment operating<div style="display:inline-block;width:4.98px"> </div>earnings </div><div id="a9334" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:266px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9336" style="position:absolute;left:394.28px;top:266px;">104,489</div><div id="a9339" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:266px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9341" style="position:absolute;left:496.04px;top:266px;">56,428</div><div id="a9344" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:266px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9346" style="position:absolute;left:582.32px;top:266px;">213,614</div><div id="a9350" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:266px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9352" style="position:absolute;left:675.28px;top:266px;">144,076</div><div id="a9354" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:283.2px;">Combination, integration and other acquisition-related<div style="display:inline-block;width:4.74px"> </div>expenses </div><div id="a9360" style="position:absolute;left:402.76px;top:283.2px;">(6,658)</div><div id="a9364" style="position:absolute;left:497.8px;top:283.2px;">(7,995)</div><div id="a9368" style="position:absolute;left:584.08px;top:283.2px;">(12,473)</div><div id="a9372" style="position:absolute;left:677.04px;top:283.2px;">(15,873)</div><div id="a9374" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300.8px;">Restructuring and related charges </div><div id="a9378" style="position:absolute;left:412.68px;top:300.8px;">(298)</div><div id="a9382" style="position:absolute;left:507.72px;top:300.8px;">(486)</div><div id="a9386" style="position:absolute;left:590.8px;top:300.8px;">(1,473)</div><div id="a9390" style="position:absolute;left:683.76px;top:300.8px;">(2,202)</div><div id="a9392" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:318.4px;">Fair value step up of acquired inventory sold<div style="display:inline-block;width:2.19px"> </div></div><div id="a9396" style="position:absolute;left:424.36px;top:318.4px;">—</div><div id="a9400" style="position:absolute;left:507.72px;top:318.4px;">(226)</div><div id="a9404" style="position:absolute;left:600.72px;top:318.4px;">(801)</div><div id="a9408" style="position:absolute;left:693.68px;top:318.4px;">(226)</div><div id="a9410" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:336px;">Indefinite-lived intangible asset impairment </div><div id="a9416" style="position:absolute;left:424.36px;top:336px;">—</div><div id="a9420" style="position:absolute;left:519.4px;top:336px;">—</div><div id="a9424" style="position:absolute;left:612.4px;top:336px;">—</div><div id="a9428" style="position:absolute;left:677.04px;top:336px;">(38,000)</div><div id="a9430" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:353.6px;">Non-operating and administrative expenses </div><div id="a9435" style="position:absolute;left:396.04px;top:353.6px;">(43,077)</div><div id="a9439" style="position:absolute;left:491.08px;top:353.6px;">(32,045)</div><div id="a9443" style="position:absolute;left:584.08px;top:353.6px;">(84,069)</div><div id="a9447" style="position:absolute;left:677.04px;top:353.6px;">(70,496)</div><div id="a9449" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:371.2px;">Depreciation<div style="display:inline-block;width:3.77px"> </div>of corporate assets and amortization </div><div id="a9452" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:371.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9454" style="position:absolute;left:396.04px;top:371.2px;">(15,640)</div><div id="a9457" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:371.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9459" style="position:absolute;left:491.08px;top:371.2px;">(13,438)</div><div id="a9462" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:371.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9464" style="position:absolute;left:584.08px;top:371.2px;">(31,088)</div><div id="a9467" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:371.2px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9469" style="position:absolute;left:677.04px;top:371.2px;">(27,485)</div><div id="a9471" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:389.2px;">Operating income (loss)<div style="display:inline-block;width:3.85px"> </div></div><div id="a9474" style="position:absolute;left:401px;top:389.2px;">38,816</div><div id="a9479" style="position:absolute;left:502.6px;top:389.2px;">2,238</div><div id="a9483" style="position:absolute;left:589.04px;top:389.2px;">83,710</div><div id="a9487" style="position:absolute;left:677.04px;top:389.2px;">(10,206)</div><div id="a9489" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:406.5px;">Other income (expense), net </div><div id="a9492" style="position:absolute;left:401px;top:406.5px;">14,010</div><div id="a9496" style="position:absolute;left:507.72px;top:406.5px;">(993)</div><div id="a9500" style="position:absolute;left:589.04px;top:406.5px;">18,697</div><div id="a9504" style="position:absolute;left:677.04px;top:406.5px;">(22,168)</div><div id="a9506" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:424.1px;">Interest expense, net </div><div id="a9509" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:424.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9511" style="position:absolute;left:402.76px;top:424.1px;">(5,618)</div><div id="a9514" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:424.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9516" style="position:absolute;left:497.8px;top:424.1px;">(6,811)</div><div id="a9519" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:424.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9521" style="position:absolute;left:584.08px;top:424.1px;">(11,088)</div><div id="a9524" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:424.1px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a9526" style="position:absolute;left:677.04px;top:424.1px;">(15,272)</div><div id="a9528" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:442px;">Income (loss) before taxes and equity in net income of </div><div id="a9542" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:458.9px;">associated companies </div><div id="a9544" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:458.9px;">$ </div><div id="a9546" style="position:absolute;left:401px;top:458.9px;">47,208</div><div id="a9549" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:458.9px;">$ </div><div id="a9551" style="position:absolute;left:497.8px;top:458.9px;">(5,566)</div><div id="a9554" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:458.9px;">$ </div><div id="a9556" style="position:absolute;left:589.04px;top:458.9px;">91,319</div><div id="a9559" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:458.9px;">$ </div><div id="a9561" style="position:absolute;left:677.04px;top:458.9px;">(47,646)</div></div></div></div> 139673000 80576000 274544000 210472000 123436000 77702000 243250000 182541000 91559000 68421000 188265000 141973000 80594000 59341000 158986000 129615000 435262000 286040000 865045000 664601000 33648000 10303000 65882000 39491000 23405000 10471000 48649000 28830000 23227000 19261000 50705000 38802000 24209000 16393000 48378000 36953000 104489000 56428000 213614000 144076000 6658000 7995000 12473000 15873000 298000 486000 1473000 2202000 0 226000 801000 226000 0 0 0 38000000 43077000 32045000 84069000 70496000 15640000 13438000 31088000 27485000 38816000 2238000 83710000 -10206000 14010000 -993000 18697000 -22168000 -5618000 -6811000 -11088000 -15272000 47208000 -5566000 91319000 -47646000 2400000 5700000 6300000 15100000 400000 500000 2100000 4100000 2400000 5300000 5300000 10800000 100000 300000 1000000.0 2300000 <div id="TextBlockContainer40" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:213px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a9817" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 5 – Net Sales and Revenue Recognition </div><div id="a9833" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:25.6px;">Business Description </div><div id="a9837" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:51.2px;">The Company develops, produces, and markets a broad<div style="display:inline-block;width:4.77px"> </div>range of formulated chemical specialty products and offers<div style="display:inline-block;width:4.85px"> </div>chemical </div><div id="a9871" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.6px;">management services (“Fluidcare”) for various heavy<div style="display:inline-block;width:4.74px"> </div>industrial and manufacturing applications throughout its four<div style="display:inline-block;width:4.89px"> </div>segments.<div style="display:inline-block;width:6.78px"> </div>A </div><div id="a9901" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:82px;">significant portion of the Company’s<div style="display:inline-block;width:5.02px"> </div>revenues are realized from the sale of process fluids and services<div style="display:inline-block;width:4.8px"> </div>made directly to manufacturers </div><div id="a9941" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">through its own employees and its Fluidcare programs,<div style="display:inline-block;width:4.76px"> </div>with the balance being handled through distributors and<div style="display:inline-block;width:4.72px"> </div>agents. </div><div id="div_38_XBRL_TS_d17e07890735413b9ed379261b113b27" style="position:absolute;left:0px;top:120.5px;float:left;"><div id="TextBlockContainer39" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a9975" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As part of the Company’s<div style="display:inline-block;width:4.84px"> </div>Fluidcare business, certain third-party product sales to customers are<div style="display:inline-block;width:4.79px"> </div>managed by the Company.<div style="display:inline-block;width:8.3px"> </div>Where </div><div id="a10015" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">the Company acts as a principal, revenues are recognized<div style="display:inline-block;width:4.67px"> </div>on a gross reporting basis at the selling price negotiated with<div style="display:inline-block;width:4.77px"> </div>its customers. </div><div id="a10060" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Where the Company acts as an agent, revenue is recognized on<div style="display:inline-block;width:4.88px"> </div>a net reporting basis at the amount of the administrative fee earned<div style="display:inline-block;width:4.74px"> </div>by </div><div id="a10108" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">the Company for ordering the goods.</div></div></div><div id="a10108_35_96" style="position:absolute;font-weight:normal;font-style:normal;left:201.573px;top:166.6px;"><div style="display:inline-block;width:6.72px"> </div>The Company transferred third-party products under arrangements recognized<div style="display:inline-block;width:5.01px"> </div>on a net reporting </div><div id="a10146" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:182px;">basis of $</div><div id="a10146_10_4" style="position:absolute;left:55.659px;top:182px;">16.7</div><div id="a10146_14_14" style="position:absolute;font-weight:normal;font-style:normal;left:79.018px;top:182px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a10146_28_4" style="position:absolute;left:153.413px;top:182px;">34.5</div><div id="a10146_32_78" style="position:absolute;font-weight:normal;font-style:normal;left:176.773px;top:182px;"><div style="display:inline-block;width:3.36px"> </div>million for the three and six months ended June 30, 2021, respectively,<div style="display:inline-block;width:5.77px"> </div>and $</div><div id="a10146_110_3" style="position:absolute;left:591.279px;top:182px;">6.2</div><div id="a10146_113_14" style="position:absolute;font-weight:normal;font-style:normal;left:607.919px;top:182px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a10146_127_4" style="position:absolute;left:682.479px;top:182px;">18.7</div><div id="a10146_131_1" style="position:absolute;font-weight:normal;font-style:normal;left:705.839px;top:182px;"> </div><div id="a10199" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:197.3px;">million for the three and six months ended June 30,<div style="display:inline-block;width:4.74px"> </div>2020, respectively.</div></div><div id="TextBlockContainer48" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:544px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a10272" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As previously disclosed in the Company’s<div style="display:inline-block;width:5.29px"> </div>2020 Form 10-K, during 2020, the Company’s<div style="display:inline-block;width:5.04px"> </div>five largest customers (each composed </div><div id="a10310" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">of multiple subsidiaries or divisions with semiautonomous<div style="display:inline-block;width:4.84px"> </div>purchasing authority) accounted for approximately </div><div id="a10310_108_2" style="position:absolute;left:594.16px;top:15.4px;">10</div><div id="a10310_110_22" style="position:absolute;font-weight:normal;font-style:normal;left:607.6px;top:15.4px;">% of consolidated net </div><div id="a10342" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">sales, with its largest customer accounting<div style="display:inline-block;width:4.72px"> </div>for approximately </div><div id="a10342_62_1" style="position:absolute;left:332.333px;top:30.7px;">3</div><div id="a10342_63_28" style="position:absolute;font-weight:normal;font-style:normal;left:339.053px;top:30.7px;">% of consolidated net sales.</div><div id="a10369" style="position:absolute;font-weight:normal;font-style:italic;left:487.56px;top:30.7px;"> </div><div id="a10370" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:51.4px;">Revenue Recognition Model </div><div id="div_42_XBRL_TS_7f1b69d053e84e68863a7323eefc10a6" style="position:absolute;left:0px;top:72px;float:left;"><div id="TextBlockContainer43" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a10376" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company applies the five-step model in the FASB’s<div style="display:inline-block;width:6.16px"> </div>guidance, which requires the Company to: (i) identify<div style="display:inline-block;width:4.86px"> </div>the contract with a </div><div id="a10421" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">customer; (ii) identify the performance obligations in<div style="display:inline-block;width:4.78px"> </div>the contract; (iii) determine the transaction price; (iv) allocate the<div style="display:inline-block;width:4.78px"> </div>transaction </div><div id="a10457" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">price to the performance obligations in the contract; and<div style="display:inline-block;width:4.68px"> </div>(v) recognize revenue when, or as, the Company satisfies a performance </div><div id="a10498" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">obligation.<div style="display:inline-block;width:7.02px"> </div>Refer to the Company’s 2020<div style="display:inline-block;width:4.77px"> </div>Form 10-K for additional information on the Company’s<div style="display:inline-block;width:5.34px"> </div>revenue recognition policies, </div><div id="a10534" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">including its practical expedients and accounting policy<div style="display:inline-block;width:4.79px"> </div>elections.</div></div></div><div id="a10534_67_3" style="position:absolute;font-weight:normal;font-style:normal;left:355.533px;top:133.3px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a10551" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:154.1px;">Allowance for Doubtful Accounts </div><div id="div_44_XBRL_TS_bd11708a57654cf7b35168b4331d246b" style="position:absolute;left:0px;top:174.7px;float:left;"><div id="TextBlockContainer45" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:725px;height:123px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a10559" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As previously disclosed in the Company’s<div style="display:inline-block;width:5.29px"> </div>2020 Form 10-K, during 2020, the Company adopted, as required,<div style="display:inline-block;width:4.8px"> </div>an accounting </div><div id="a10597" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">standard update related to the accounting and disclosure<div style="display:inline-block;width:4.72px"> </div>of credit losses effective January 1, 2020.<div style="display:inline-block;width:7.91px"> </div>The Company recognizes an </div><div id="a10635" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">allowance for credit losses, which represents the portion<div style="display:inline-block;width:4.72px"> </div>of its trade accounts receivable that the Company does not expect<div style="display:inline-block;width:4.76px"> </div>to collect </div><div id="a10678" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46px;">over the contractual life, considering past events and<div style="display:inline-block;width:4.55px"> </div>reasonable and supportable forecasts of future economic conditions.<div style="display:inline-block;width:8.12px"> </div>The </div><div id="a10712" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">Company’s allowance<div style="display:inline-block;width:4.62px"> </div>for credit losses on its trade accounts receivables is based on<div style="display:inline-block;width:4.74px"> </div>specific collectability facts and circumstances for </div><div id="a10751" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">each outstanding receivable and customer,<div style="display:inline-block;width:4.9px"> </div>the aging of outstanding receivables, and the associated collection<div style="display:inline-block;width:4.89px"> </div>risk the Company </div><div id="a10785" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:91.9px;">estimates for certain past due aging categories, and<div style="display:inline-block;width:4.77px"> </div>also, the general risk to all outstanding accounts receivable based on historical </div><div id="a10825" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.2px;">amounts determined to be uncollectible.<div style="display:inline-block;width:7.6px"> </div>The Company does not have any off-balance-sheet<div style="display:inline-block;width:4.74px"> </div>credit exposure related to its customers.</div></div></div><div id="a10825_130_1" style="position:absolute;font-weight:normal;font-style:normal;left:711.12px;top:282px;"> </div><div id="a10865" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:302.8px;">Contract Assets and Liabilities </div><div id="div_46_XBRL_TS_73d9165ef866440885c66ef0f74a09ee" style="position:absolute;left:0px;top:323.4px;float:left;"><div id="TextBlockContainer47" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:221px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a10873" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company recognizes a contract asset or receivable<div style="display:inline-block;width:4.63px"> </div>on its Condensed Consolidated Balance Sheet when the Company </div><div id="a10907" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">performs a service or transfers a good in advance<div style="display:inline-block;width:4.61px"> </div>of receiving consideration.<div style="display:inline-block;width:7.34px"> </div>A receivable is the Company’s<div style="display:inline-block;width:4.72px"> </div>right to consideration that </div><div id="a10949" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">is unconditional and only the passage of time is required<div style="display:inline-block;width:4.71px"> </div>before payment of that consideration is due.<div style="display:inline-block;width:7.88px"> </div>A contract asset is the </div><div id="a10993" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">Company’s right to consideration<div style="display:inline-block;width:4.85px"> </div>in exchange for goods or services that the Company has transferred<div style="display:inline-block;width:4.92px"> </div>to a customer.<div style="display:inline-block;width:7.67px"> </div>The Company </div><div id="a11033" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">had no material contract assets recorded on its Condensed<div style="display:inline-block;width:4.83px"> </div>Consolidated Balance Sheets as of June 30, 2021 or December<div style="display:inline-block;width:4.7px"> </div>31, 2020. </div><div id="a11075" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:81.9px;">A contract liability is recognized when the Company<div style="display:inline-block;width:4.7px"> </div>receives consideration, or if it has the unconditional right<div style="display:inline-block;width:4.72px"> </div>to receive </div><div id="a11113" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">consideration, in advance of performance.<div style="display:inline-block;width:7.82px"> </div>A contract liability is the Company’s<div style="display:inline-block;width:4.98px"> </div>obligation to transfer goods or services to a customer </div><div id="a11153" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.7px;">for which the Company has received consideration,<div style="display:inline-block;width:4.73px"> </div>or a specified amount of consideration is due, from the customer.<div style="display:inline-block;width:8.96px"> </div>The Company’s </div><div id="a11193" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:128px;">contract liabilities primarily represent deferred revenue<div style="display:inline-block;width:4.7px"> </div>recorded for customer payments received by the Company<div style="display:inline-block;width:4.73px"> </div>prior to the </div><div id="a11228" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:143.2px;">Company satisfying the associated performance obligation.<div style="display:inline-block;width:8px"> </div>Deferred revenues are presented within other current liabilities<div style="display:inline-block;width:4.71px"> </div>in the </div><div id="a11260" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:158.6px;">Company’s Condensed<div style="display:inline-block;width:4.71px"> </div>Consolidated Balance Sheets.<div style="display:inline-block;width:7.2px"> </div>The Company had approximately $</div><div id="a11260_81_3" style="position:absolute;left:485.64px;top:158.6px;">4.3</div><div id="a11260_84_14" style="position:absolute;font-weight:normal;font-style:normal;left:502.28px;top:158.6px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a11260_98_3" style="position:absolute;left:576.719px;top:158.6px;">4.0</div><div id="a11260_101_21" style="position:absolute;font-weight:normal;font-style:normal;left:593.519px;top:158.6px;"><div style="display:inline-block;width:3.36px"> </div>million of deferred </div><div id="a11294" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:173.9px;">revenue as of June 30, 2021 and December 31, 2020,<div style="display:inline-block;width:4.72px"> </div>respectively.<div style="display:inline-block;width:7.79px"> </div>For the six months ended June 30, 2021, the Company satisfied<div style="display:inline-block;width:4.7px"> </div>all </div><div id="a11340" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:189.3px;">of the associated performance obligations and recognized<div style="display:inline-block;width:4.83px"> </div>into revenue the advance payments received and recorded<div style="display:inline-block;width:4.77px"> </div>as of December </div><div id="a11376" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204.7px;">31, 2020.</div></div></div></div><div id="TextBlockContainer50" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:701px;height:55px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a11380" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Disaggregated Revenue </div><div id="a11384" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">The following tables disaggregate the Company’s<div style="display:inline-block;width:5.33px"> </div>net sales by segment, geographic region, customer industry,<div style="display:inline-block;width:5.59px"> </div>and timing of </div><div id="a11418" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">revenue recognized for the three and six months ended<div style="display:inline-block;width:4.7px"> </div>June 30, 2021 and 2020.</div></div><div id="TextBlockContainer54" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_52_XBRL_TS_43f51b4a4250448299c1a96d9b13264b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer53" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a11447" style="position:absolute;font-weight:bold;font-style:normal;left:390.76px;top:0px;">Three Months Ended June 30, 2021 </div><div id="a11458" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:16.8px;">Consolidated </div><div id="a11461" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a11464" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a11467" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a11470" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a11472" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a11485" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.7px;">Metals </div><div id="a11487" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.6px;">$ </div><div id="a11489" style="position:absolute;left:326.413px;top:65.6px;">51,799</div><div id="a11492" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.6px;">$ </div><div id="a11494" style="position:absolute;left:444.52px;top:65.6px;">35,634</div><div id="a11497" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.6px;">$ </div><div id="a11499" style="position:absolute;left:562.44px;top:65.6px;">48,207</div><div id="a11502" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.6px;">$ </div><div id="a11504" style="position:absolute;left:671.76px;top:65.6px;">135,640</div><div id="a11506" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.8px;">Metalworking and other </div><div id="a11509" style="position:absolute;left:326.413px;top:82.6px;">87,874</div><div id="a11513" style="position:absolute;left:444.52px;top:82.6px;">87,802</div><div id="a11517" style="position:absolute;left:562.44px;top:82.6px;">43,352</div><div id="a11521" style="position:absolute;left:671.76px;top:82.6px;">219,028</div><div id="a11525" style="position:absolute;left:319.693px;top:99.6px;">139,673</div><div id="a11529" style="position:absolute;left:437.8px;top:99.6px;">123,436</div><div id="a11533" style="position:absolute;left:562.44px;top:99.6px;">91,559</div><div id="a11537" style="position:absolute;left:671.76px;top:99.6px;">354,668</div><div id="a11539" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a11542" style="position:absolute;left:326.413px;top:116.5px;">46,183</div><div id="a11546" style="position:absolute;left:444.52px;top:116.5px;">21,678</div><div id="a11550" style="position:absolute;left:562.44px;top:116.5px;">12,733</div><div id="a11554" style="position:absolute;left:678.48px;top:116.5px;">80,594</div><div id="a11557" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.6px;">$ </div><div id="a11559" style="position:absolute;left:319.693px;top:133.6px;">185,856</div><div id="a11562" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.6px;">$ </div><div id="a11564" style="position:absolute;left:437.8px;top:133.6px;">145,114</div><div id="a11567" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.6px;">$ </div><div id="a11569" style="position:absolute;left:555.72px;top:133.6px;">104,292</div><div id="a11572" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.6px;">$ </div><div id="a11574" style="position:absolute;left:671.76px;top:133.6px;">435,262</div><div id="a11588" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.7px;">Timing of Revenue Recognized </div><div id="a11601" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.8px;">Product sales at a point in time </div><div id="a11603" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.6px;">$ </div><div id="a11605" style="position:absolute;left:319.693px;top:186.6px;">177,227</div><div id="a11608" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.6px;">$ </div><div id="a11610" style="position:absolute;left:437.8px;top:186.6px;">137,838</div><div id="a11613" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.6px;">$ </div><div id="a11615" style="position:absolute;left:555.72px;top:186.6px;">101,264</div><div id="a11618" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.6px;">$ </div><div id="a11620" style="position:absolute;left:671.76px;top:186.6px;">416,329</div><div id="a11622" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.8px;">Services transferred over time </div><div id="a11625" style="position:absolute;left:332.973px;top:203.6px;">8,629</div><div id="a11629" style="position:absolute;left:451.08px;top:203.6px;">7,276</div><div id="a11633" style="position:absolute;left:569.04px;top:203.6px;">3,028</div><div id="a11637" style="position:absolute;left:678.48px;top:203.6px;">18,933</div><div id="a11640" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.6px;">$ </div><div id="a11642" style="position:absolute;left:319.693px;top:220.5px;">185,856</div><div id="a11645" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.6px;">$ </div><div id="a11647" style="position:absolute;left:437.8px;top:220.5px;">145,114</div><div id="a11650" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.6px;">$ </div><div id="a11652" style="position:absolute;left:555.72px;top:220.5px;">104,292</div><div id="a11655" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.6px;">$ </div><div id="a11657" style="position:absolute;left:671.76px;top:220.5px;">435,262</div></div></div></div><div id="TextBlockContainer58" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_56_XBRL_TS_e827bdefc5814e158d311304bd3850f2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer57" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a11710" style="position:absolute;font-weight:bold;font-style:normal;left:390.76px;top:0px;">Three Months Ended June 30, 2020 </div><div id="a11721" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:16.8px;">Consolidated </div><div id="a11724" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a11727" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a11730" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a11733" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a11735" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a11748" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.6px;">Metals </div><div id="a11750" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.6px;">$ </div><div id="a11752" style="position:absolute;left:326.413px;top:65.6px;">32,687</div><div id="a11755" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.6px;">$ </div><div id="a11757" style="position:absolute;left:444.52px;top:65.6px;">24,924</div><div id="a11760" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.6px;">$ </div><div id="a11762" style="position:absolute;left:562.44px;top:65.6px;">35,416</div><div id="a11765" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.6px;">$ </div><div id="a11767" style="position:absolute;left:678.48px;top:65.6px;">93,027</div><div id="a11769" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.8px;">Metalworking and other </div><div id="a11772" style="position:absolute;left:326.413px;top:82.6px;">47,889</div><div id="a11776" style="position:absolute;left:444.52px;top:82.6px;">52,778</div><div id="a11780" style="position:absolute;left:562.44px;top:82.6px;">33,005</div><div id="a11784" style="position:absolute;left:671.76px;top:82.6px;">133,672</div><div id="a11788" style="position:absolute;left:326.413px;top:99.5px;">80,576</div><div id="a11792" style="position:absolute;left:444.52px;top:99.5px;">77,702</div><div id="a11796" style="position:absolute;left:562.44px;top:99.5px;">68,421</div><div id="a11800" style="position:absolute;left:671.76px;top:99.5px;">226,699</div><div id="a11802" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a11805" style="position:absolute;left:326.413px;top:116.5px;">32,294</div><div id="a11809" style="position:absolute;left:444.52px;top:116.5px;">15,569</div><div id="a11813" style="position:absolute;left:562.44px;top:116.5px;">11,478</div><div id="a11817" style="position:absolute;left:678.48px;top:116.5px;">59,341</div><div id="a11820" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.6px;">$ </div><div id="a11822" style="position:absolute;left:319.693px;top:133.6px;">112,870</div><div id="a11825" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.6px;">$ </div><div id="a11827" style="position:absolute;left:444.52px;top:133.6px;">93,271</div><div id="a11830" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.6px;">$ </div><div id="a11832" style="position:absolute;left:562.44px;top:133.6px;">79,899</div><div id="a11835" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.6px;">$ </div><div id="a11837" style="position:absolute;left:671.76px;top:133.6px;">286,040</div><div id="a11851" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.6px;">Timing of Revenue Recognized </div><div id="a11864" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.8px;">Product sales at a point in time </div><div id="a11866" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.6px;">$ </div><div id="a11868" style="position:absolute;left:319.693px;top:186.6px;">108,644</div><div id="a11871" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.6px;">$ </div><div id="a11873" style="position:absolute;left:444.52px;top:186.6px;">87,995</div><div id="a11876" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.6px;">$ </div><div id="a11878" style="position:absolute;left:562.44px;top:186.6px;">78,195</div><div id="a11881" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.6px;">$ </div><div id="a11883" style="position:absolute;left:671.76px;top:186.6px;">274,834</div><div id="a11885" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.8px;">Services transferred over time </div><div id="a11888" style="position:absolute;left:332.973px;top:203.6px;">4,226</div><div id="a11892" style="position:absolute;left:451.08px;top:203.6px;">5,276</div><div id="a11896" style="position:absolute;left:569.04px;top:203.6px;">1,704</div><div id="a11900" style="position:absolute;left:678.48px;top:203.6px;">11,206</div><div id="a11903" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.6px;">$ </div><div id="a11905" style="position:absolute;left:319.693px;top:220.5px;">112,870</div><div id="a11908" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.6px;">$ </div><div id="a11910" style="position:absolute;left:444.52px;top:220.5px;">93,271</div><div id="a11913" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.6px;">$ </div><div id="a11915" style="position:absolute;left:562.44px;top:220.5px;">79,899</div><div id="a11918" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.6px;">$ </div><div id="a11920" style="position:absolute;left:671.76px;top:220.5px;">286,040</div></div></div></div><div id="TextBlockContainer62" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_60_XBRL_TS_7fe1438acf704b80a13dec2774db7b64" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer61" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a11924" style="position:absolute;font-weight:bold;font-style:normal;left:398.76px;top:0px;">Six Months Ended June 30, 2021 </div><div id="a11936" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:17px;">Consolidated </div><div id="a11939" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a11942" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a11945" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a11948" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a11950" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.4px;">Customer Industries </div><div id="a11963" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64px;">Metals </div><div id="a11965" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65px;">$ </div><div id="a11967" style="position:absolute;left:326.413px;top:65px;">98,592</div><div id="a11970" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65px;">$ </div><div id="a11972" style="position:absolute;left:444.52px;top:65px;">69,908</div><div id="a11975" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65px;">$ </div><div id="a11977" style="position:absolute;left:562.44px;top:65px;">97,950</div><div id="a11980" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65px;">$ </div><div id="a11982" style="position:absolute;left:671.76px;top:65px;">266,450</div><div id="a11984" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.1px;">Metalworking and other </div><div id="a11987" style="position:absolute;left:319.693px;top:81.9px;">175,952</div><div id="a11991" style="position:absolute;left:437.8px;top:81.9px;">173,342</div><div id="a11995" style="position:absolute;left:562.44px;top:81.9px;">90,315</div><div id="a11999" style="position:absolute;left:671.76px;top:81.9px;">439,609</div><div id="a12003" style="position:absolute;left:319.693px;top:98.9px;">274,544</div><div id="a12007" style="position:absolute;left:437.8px;top:98.9px;">243,250</div><div id="a12011" style="position:absolute;left:555.72px;top:98.9px;">188,265</div><div id="a12015" style="position:absolute;left:671.76px;top:98.9px;">706,059</div><div id="a12017" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:115.8px;">Global Specialty Businesses </div><div id="a12020" style="position:absolute;left:326.413px;top:115.8px;">91,439</div><div id="a12024" style="position:absolute;left:444.52px;top:115.8px;">41,950</div><div id="a12028" style="position:absolute;left:562.44px;top:115.8px;">25,597</div><div id="a12032" style="position:absolute;left:671.76px;top:115.8px;">158,986</div><div id="a12035" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:133.9px;">$ </div><div id="a12037" style="position:absolute;left:319.693px;top:133px;">365,983</div><div id="a12040" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:133.9px;">$ </div><div id="a12042" style="position:absolute;left:437.8px;top:133px;">285,200</div><div id="a12045" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:133.9px;">$ </div><div id="a12047" style="position:absolute;left:555.72px;top:133px;">213,862</div><div id="a12050" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:133.9px;">$ </div><div id="a12052" style="position:absolute;left:671.76px;top:133px;">865,045</div><div id="a12066" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168px;">Timing of Revenue Recognized </div><div id="a12079" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.1px;">Product sales at a point in time </div><div id="a12081" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:185.9px;">$ </div><div id="a12083" style="position:absolute;left:319.693px;top:185.9px;">348,821</div><div id="a12086" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:185.9px;">$ </div><div id="a12088" style="position:absolute;left:437.8px;top:185.9px;">269,000</div><div id="a12091" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:185.9px;">$ </div><div id="a12093" style="position:absolute;left:555.72px;top:185.9px;">207,663</div><div id="a12096" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:185.9px;">$ </div><div id="a12098" style="position:absolute;left:671.76px;top:185.9px;">825,484</div><div id="a12100" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.1px;">Services transferred over time </div><div id="a12103" style="position:absolute;left:326.413px;top:202.9px;">17,162</div><div id="a12107" style="position:absolute;left:444.52px;top:202.9px;">16,200</div><div id="a12111" style="position:absolute;left:569.04px;top:202.9px;">6,199</div><div id="a12115" style="position:absolute;left:678.48px;top:202.9px;">39,561</div><div id="a12118" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221px;">$ </div><div id="a12120" style="position:absolute;left:319.693px;top:219.9px;">365,983</div><div id="a12123" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221px;">$ </div><div id="a12125" style="position:absolute;left:437.8px;top:219.9px;">285,200</div><div id="a12128" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221px;">$ </div><div id="a12130" style="position:absolute;left:555.72px;top:219.9px;">213,862</div><div id="a12133" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221px;">$ </div><div id="a12135" style="position:absolute;left:671.76px;top:219.9px;">865,045</div></div></div></div><div id="TextBlockContainer66" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_64_XBRL_TS_c1b98bcf933f4ce6931137ba3813180d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer65" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a12139" style="position:absolute;font-weight:bold;font-style:normal;left:398.76px;top:0px;">Six Months Ended June 30, 2020 </div><div id="a12151" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:17px;">Consolidated </div><div id="a12154" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a12157" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a12160" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a12163" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a12165" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a12178" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.6px;">Metals </div><div id="a12180" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.6px;">$ </div><div id="a12182" style="position:absolute;left:326.413px;top:64.6px;">79,360</div><div id="a12185" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.6px;">$ </div><div id="a12187" style="position:absolute;left:444.52px;top:64.6px;">54,812</div><div id="a12190" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.6px;">$ </div><div id="a12192" style="position:absolute;left:562.44px;top:64.6px;">77,005</div><div id="a12195" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.6px;">$ </div><div id="a12197" style="position:absolute;left:671.76px;top:64.6px;">211,177</div><div id="a12199" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.8px;">Metalworking and other </div><div id="a12202" style="position:absolute;left:319.693px;top:81.8px;">131,112</div><div id="a12206" style="position:absolute;left:437.8px;top:81.8px;">127,729</div><div id="a12210" style="position:absolute;left:562.44px;top:81.8px;">64,968</div><div id="a12214" style="position:absolute;left:671.76px;top:81.8px;">323,809</div><div id="a12218" style="position:absolute;left:319.693px;top:99px;">210,472</div><div id="a12222" style="position:absolute;left:437.8px;top:99px;">182,541</div><div id="a12226" style="position:absolute;left:555.72px;top:99px;">141,973</div><div id="a12230" style="position:absolute;left:671.76px;top:99px;">534,986</div><div id="a12232" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a12235" style="position:absolute;left:326.413px;top:115.7px;">76,525</div><div id="a12239" style="position:absolute;left:444.52px;top:115.7px;">32,174</div><div id="a12243" style="position:absolute;left:562.44px;top:115.7px;">20,916</div><div id="a12247" style="position:absolute;left:671.76px;top:115.7px;">129,615</div><div id="a12250" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.6px;">$ </div><div id="a12252" style="position:absolute;left:319.693px;top:133.6px;">286,997</div><div id="a12255" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.6px;">$ </div><div id="a12257" style="position:absolute;left:437.8px;top:133.6px;">214,715</div><div id="a12260" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.6px;">$ </div><div id="a12262" style="position:absolute;left:555.72px;top:133.6px;">162,889</div><div id="a12265" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.6px;">$ </div><div id="a12267" style="position:absolute;left:671.76px;top:133.6px;">664,601</div><div id="a12281" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.7px;">Timing of Revenue Recognized </div><div id="a12294" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.8px;">Product sales at a point in time </div><div id="a12296" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.6px;">$ </div><div id="a12298" style="position:absolute;left:319.693px;top:185.8px;">277,446</div><div id="a12301" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.6px;">$ </div><div id="a12303" style="position:absolute;left:437.8px;top:185.8px;">206,418</div><div id="a12306" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.6px;">$ </div><div id="a12308" style="position:absolute;left:555.72px;top:185.8px;">159,351</div><div id="a12311" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.6px;">$ </div><div id="a12313" style="position:absolute;left:671.76px;top:185.8px;">643,215</div><div id="a12315" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.8px;">Services transferred over time </div><div id="a12318" style="position:absolute;left:332.973px;top:202.8px;">9,551</div><div id="a12322" style="position:absolute;left:451.08px;top:202.8px;">8,297</div><div id="a12326" style="position:absolute;left:569.04px;top:202.8px;">3,538</div><div id="a12330" style="position:absolute;left:678.48px;top:202.8px;">21,386</div><div id="a12333" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.6px;">$ </div><div id="a12335" style="position:absolute;left:319.693px;top:220.5px;">286,997</div><div id="a12338" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.6px;">$ </div><div id="a12340" style="position:absolute;left:437.8px;top:220.5px;">214,715</div><div id="a12343" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.6px;">$ </div><div id="a12345" style="position:absolute;left:555.72px;top:220.5px;">162,889</div><div id="a12348" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.6px;">$ </div><div id="a12350" style="position:absolute;left:671.76px;top:220.5px;">664,601</div></div></div></div> <div id="TextBlockContainer39" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a9975" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As part of the Company’s<div style="display:inline-block;width:4.84px"> </div>Fluidcare business, certain third-party product sales to customers are<div style="display:inline-block;width:4.79px"> </div>managed by the Company.<div style="display:inline-block;width:8.3px"> </div>Where </div><div id="a10015" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">the Company acts as a principal, revenues are recognized<div style="display:inline-block;width:4.67px"> </div>on a gross reporting basis at the selling price negotiated with<div style="display:inline-block;width:4.77px"> </div>its customers. </div><div id="a10060" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Where the Company acts as an agent, revenue is recognized on<div style="display:inline-block;width:4.88px"> </div>a net reporting basis at the amount of the administrative fee earned<div style="display:inline-block;width:4.74px"> </div>by </div><div id="a10108" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">the Company for ordering the goods.</div></div> 16700000 34500000 6200000 18700000 0.10 0.03 <div id="TextBlockContainer43" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a10376" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company applies the five-step model in the FASB’s<div style="display:inline-block;width:6.16px"> </div>guidance, which requires the Company to: (i) identify<div style="display:inline-block;width:4.86px"> </div>the contract with a </div><div id="a10421" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">customer; (ii) identify the performance obligations in<div style="display:inline-block;width:4.78px"> </div>the contract; (iii) determine the transaction price; (iv) allocate the<div style="display:inline-block;width:4.78px"> </div>transaction </div><div id="a10457" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">price to the performance obligations in the contract; and<div style="display:inline-block;width:4.68px"> </div>(v) recognize revenue when, or as, the Company satisfies a performance </div><div id="a10498" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">obligation.<div style="display:inline-block;width:7.02px"> </div>Refer to the Company’s 2020<div style="display:inline-block;width:4.77px"> </div>Form 10-K for additional information on the Company’s<div style="display:inline-block;width:5.34px"> </div>revenue recognition policies, </div><div id="a10534" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">including its practical expedients and accounting policy<div style="display:inline-block;width:4.79px"> </div>elections.</div></div><div id="TextBlockContainer47" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:221px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a10873" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company recognizes a contract asset or receivable<div style="display:inline-block;width:4.63px"> </div>on its Condensed Consolidated Balance Sheet when the Company </div><div id="a10907" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">performs a service or transfers a good in advance<div style="display:inline-block;width:4.61px"> </div>of receiving consideration.<div style="display:inline-block;width:7.34px"> </div>A receivable is the Company’s<div style="display:inline-block;width:4.72px"> </div>right to consideration that </div><div id="a10949" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">is unconditional and only the passage of time is required<div style="display:inline-block;width:4.71px"> </div>before payment of that consideration is due.<div style="display:inline-block;width:7.88px"> </div>A contract asset is the </div><div id="a10993" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">Company’s right to consideration<div style="display:inline-block;width:4.85px"> </div>in exchange for goods or services that the Company has transferred<div style="display:inline-block;width:4.92px"> </div>to a customer.<div style="display:inline-block;width:7.67px"> </div>The Company </div><div id="a11033" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">had no material contract assets recorded on its Condensed<div style="display:inline-block;width:4.83px"> </div>Consolidated Balance Sheets as of June 30, 2021 or December<div style="display:inline-block;width:4.7px"> </div>31, 2020. </div><div id="a11075" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:81.9px;">A contract liability is recognized when the Company<div style="display:inline-block;width:4.7px"> </div>receives consideration, or if it has the unconditional right<div style="display:inline-block;width:4.72px"> </div>to receive </div><div id="a11113" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:97.3px;">consideration, in advance of performance.<div style="display:inline-block;width:7.82px"> </div>A contract liability is the Company’s<div style="display:inline-block;width:4.98px"> </div>obligation to transfer goods or services to a customer </div><div id="a11153" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:112.7px;">for which the Company has received consideration,<div style="display:inline-block;width:4.73px"> </div>or a specified amount of consideration is due, from the customer.<div style="display:inline-block;width:8.96px"> </div>The Company’s </div><div id="a11193" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:128px;">contract liabilities primarily represent deferred revenue<div style="display:inline-block;width:4.7px"> </div>recorded for customer payments received by the Company<div style="display:inline-block;width:4.73px"> </div>prior to the </div><div id="a11228" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:143.2px;">Company satisfying the associated performance obligation.<div style="display:inline-block;width:8px"> </div>Deferred revenues are presented within other current liabilities<div style="display:inline-block;width:4.71px"> </div>in the </div><div id="a11260" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:158.6px;">Company’s Condensed<div style="display:inline-block;width:4.71px"> </div>Consolidated Balance Sheets.<div style="display:inline-block;width:7.2px"> </div>The Company had approximately $</div><div id="a11260_81_3" style="position:absolute;left:485.64px;top:158.6px;">4.3</div><div id="a11260_84_14" style="position:absolute;font-weight:normal;font-style:normal;left:502.28px;top:158.6px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a11260_98_3" style="position:absolute;left:576.719px;top:158.6px;">4.0</div><div id="a11260_101_21" style="position:absolute;font-weight:normal;font-style:normal;left:593.519px;top:158.6px;"><div style="display:inline-block;width:3.36px"> </div>million of deferred </div><div id="a11294" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:173.9px;">revenue as of June 30, 2021 and December 31, 2020,<div style="display:inline-block;width:4.72px"> </div>respectively.<div style="display:inline-block;width:7.79px"> </div>For the six months ended June 30, 2021, the Company satisfied<div style="display:inline-block;width:4.7px"> </div>all </div><div id="a11340" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:189.3px;">of the associated performance obligations and recognized<div style="display:inline-block;width:4.83px"> </div>into revenue the advance payments received and recorded<div style="display:inline-block;width:4.77px"> </div>as of December </div><div id="a11376" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:204.7px;">31, 2020.</div></div> <div id="TextBlockContainer45" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:725px;height:123px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a10559" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As previously disclosed in the Company’s<div style="display:inline-block;width:5.29px"> </div>2020 Form 10-K, during 2020, the Company adopted, as required,<div style="display:inline-block;width:4.8px"> </div>an accounting </div><div id="a10597" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">standard update related to the accounting and disclosure<div style="display:inline-block;width:4.72px"> </div>of credit losses effective January 1, 2020.<div style="display:inline-block;width:7.91px"> </div>The Company recognizes an </div><div id="a10635" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">allowance for credit losses, which represents the portion<div style="display:inline-block;width:4.72px"> </div>of its trade accounts receivable that the Company does not expect<div style="display:inline-block;width:4.76px"> </div>to collect </div><div id="a10678" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46px;">over the contractual life, considering past events and<div style="display:inline-block;width:4.55px"> </div>reasonable and supportable forecasts of future economic conditions.<div style="display:inline-block;width:8.12px"> </div>The </div><div id="a10712" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">Company’s allowance<div style="display:inline-block;width:4.62px"> </div>for credit losses on its trade accounts receivables is based on<div style="display:inline-block;width:4.74px"> </div>specific collectability facts and circumstances for </div><div id="a10751" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.7px;">each outstanding receivable and customer,<div style="display:inline-block;width:4.9px"> </div>the aging of outstanding receivables, and the associated collection<div style="display:inline-block;width:4.89px"> </div>risk the Company </div><div id="a10785" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:91.9px;">estimates for certain past due aging categories, and<div style="display:inline-block;width:4.77px"> </div>also, the general risk to all outstanding accounts receivable based on historical </div><div id="a10825" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.2px;">amounts determined to be uncollectible.<div style="display:inline-block;width:7.6px"> </div>The Company does not have any off-balance-sheet<div style="display:inline-block;width:4.74px"> </div>credit exposure related to its customers.</div></div> 4300000 4000000.0 <div id="TextBlockContainer53" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a11447" style="position:absolute;font-weight:bold;font-style:normal;left:390.76px;top:0px;">Three Months Ended June 30, 2021 </div><div id="a11458" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:16.8px;">Consolidated </div><div id="a11461" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a11464" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a11467" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a11470" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a11472" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a11485" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.7px;">Metals </div><div id="a11487" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.6px;">$ </div><div id="a11489" style="position:absolute;left:326.413px;top:65.6px;">51,799</div><div id="a11492" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.6px;">$ </div><div id="a11494" style="position:absolute;left:444.52px;top:65.6px;">35,634</div><div id="a11497" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.6px;">$ </div><div id="a11499" style="position:absolute;left:562.44px;top:65.6px;">48,207</div><div id="a11502" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.6px;">$ </div><div id="a11504" style="position:absolute;left:671.76px;top:65.6px;">135,640</div><div id="a11506" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.8px;">Metalworking and other </div><div id="a11509" style="position:absolute;left:326.413px;top:82.6px;">87,874</div><div id="a11513" style="position:absolute;left:444.52px;top:82.6px;">87,802</div><div id="a11517" style="position:absolute;left:562.44px;top:82.6px;">43,352</div><div id="a11521" style="position:absolute;left:671.76px;top:82.6px;">219,028</div><div id="a11525" style="position:absolute;left:319.693px;top:99.6px;">139,673</div><div id="a11529" style="position:absolute;left:437.8px;top:99.6px;">123,436</div><div id="a11533" style="position:absolute;left:562.44px;top:99.6px;">91,559</div><div id="a11537" style="position:absolute;left:671.76px;top:99.6px;">354,668</div><div id="a11539" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a11542" style="position:absolute;left:326.413px;top:116.5px;">46,183</div><div id="a11546" style="position:absolute;left:444.52px;top:116.5px;">21,678</div><div id="a11550" style="position:absolute;left:562.44px;top:116.5px;">12,733</div><div id="a11554" style="position:absolute;left:678.48px;top:116.5px;">80,594</div><div id="a11557" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.6px;">$ </div><div id="a11559" style="position:absolute;left:319.693px;top:133.6px;">185,856</div><div id="a11562" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.6px;">$ </div><div id="a11564" style="position:absolute;left:437.8px;top:133.6px;">145,114</div><div id="a11567" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.6px;">$ </div><div id="a11569" style="position:absolute;left:555.72px;top:133.6px;">104,292</div><div id="a11572" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.6px;">$ </div><div id="a11574" style="position:absolute;left:671.76px;top:133.6px;">435,262</div><div id="a11588" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.7px;">Timing of Revenue Recognized </div><div id="a11601" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.8px;">Product sales at a point in time </div><div id="a11603" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.6px;">$ </div><div id="a11605" style="position:absolute;left:319.693px;top:186.6px;">177,227</div><div id="a11608" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.6px;">$ </div><div id="a11610" style="position:absolute;left:437.8px;top:186.6px;">137,838</div><div id="a11613" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.6px;">$ </div><div id="a11615" style="position:absolute;left:555.72px;top:186.6px;">101,264</div><div id="a11618" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.6px;">$ </div><div id="a11620" style="position:absolute;left:671.76px;top:186.6px;">416,329</div><div id="a11622" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.8px;">Services transferred over time </div><div id="a11625" style="position:absolute;left:332.973px;top:203.6px;">8,629</div><div id="a11629" style="position:absolute;left:451.08px;top:203.6px;">7,276</div><div id="a11633" style="position:absolute;left:569.04px;top:203.6px;">3,028</div><div id="a11637" style="position:absolute;left:678.48px;top:203.6px;">18,933</div><div id="a11640" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.6px;">$ </div><div id="a11642" style="position:absolute;left:319.693px;top:220.5px;">185,856</div><div id="a11645" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.6px;">$ </div><div id="a11647" style="position:absolute;left:437.8px;top:220.5px;">145,114</div><div id="a11650" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.6px;">$ </div><div id="a11652" style="position:absolute;left:555.72px;top:220.5px;">104,292</div><div id="a11655" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.6px;">$ </div><div id="a11657" style="position:absolute;left:671.76px;top:220.5px;">435,262</div></div><div id="TextBlockContainer57" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a11710" style="position:absolute;font-weight:bold;font-style:normal;left:390.76px;top:0px;">Three Months Ended June 30, 2020 </div><div id="a11721" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:16.8px;">Consolidated </div><div id="a11724" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a11727" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a11730" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a11733" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a11735" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a11748" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.6px;">Metals </div><div id="a11750" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.6px;">$ </div><div id="a11752" style="position:absolute;left:326.413px;top:65.6px;">32,687</div><div id="a11755" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.6px;">$ </div><div id="a11757" style="position:absolute;left:444.52px;top:65.6px;">24,924</div><div id="a11760" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.6px;">$ </div><div id="a11762" style="position:absolute;left:562.44px;top:65.6px;">35,416</div><div id="a11765" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.6px;">$ </div><div id="a11767" style="position:absolute;left:678.48px;top:65.6px;">93,027</div><div id="a11769" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.8px;">Metalworking and other </div><div id="a11772" style="position:absolute;left:326.413px;top:82.6px;">47,889</div><div id="a11776" style="position:absolute;left:444.52px;top:82.6px;">52,778</div><div id="a11780" style="position:absolute;left:562.44px;top:82.6px;">33,005</div><div id="a11784" style="position:absolute;left:671.76px;top:82.6px;">133,672</div><div id="a11788" style="position:absolute;left:326.413px;top:99.5px;">80,576</div><div id="a11792" style="position:absolute;left:444.52px;top:99.5px;">77,702</div><div id="a11796" style="position:absolute;left:562.44px;top:99.5px;">68,421</div><div id="a11800" style="position:absolute;left:671.76px;top:99.5px;">226,699</div><div id="a11802" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a11805" style="position:absolute;left:326.413px;top:116.5px;">32,294</div><div id="a11809" style="position:absolute;left:444.52px;top:116.5px;">15,569</div><div id="a11813" style="position:absolute;left:562.44px;top:116.5px;">11,478</div><div id="a11817" style="position:absolute;left:678.48px;top:116.5px;">59,341</div><div id="a11820" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.6px;">$ </div><div id="a11822" style="position:absolute;left:319.693px;top:133.6px;">112,870</div><div id="a11825" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.6px;">$ </div><div id="a11827" style="position:absolute;left:444.52px;top:133.6px;">93,271</div><div id="a11830" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.6px;">$ </div><div id="a11832" style="position:absolute;left:562.44px;top:133.6px;">79,899</div><div id="a11835" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.6px;">$ </div><div id="a11837" style="position:absolute;left:671.76px;top:133.6px;">286,040</div><div id="a11851" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.6px;">Timing of Revenue Recognized </div><div id="a11864" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.8px;">Product sales at a point in time </div><div id="a11866" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.6px;">$ </div><div id="a11868" style="position:absolute;left:319.693px;top:186.6px;">108,644</div><div id="a11871" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.6px;">$ </div><div id="a11873" style="position:absolute;left:444.52px;top:186.6px;">87,995</div><div id="a11876" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.6px;">$ </div><div id="a11878" style="position:absolute;left:562.44px;top:186.6px;">78,195</div><div id="a11881" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.6px;">$ </div><div id="a11883" style="position:absolute;left:671.76px;top:186.6px;">274,834</div><div id="a11885" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.8px;">Services transferred over time </div><div id="a11888" style="position:absolute;left:332.973px;top:203.6px;">4,226</div><div id="a11892" style="position:absolute;left:451.08px;top:203.6px;">5,276</div><div id="a11896" style="position:absolute;left:569.04px;top:203.6px;">1,704</div><div id="a11900" style="position:absolute;left:678.48px;top:203.6px;">11,206</div><div id="a11903" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.6px;">$ </div><div id="a11905" style="position:absolute;left:319.693px;top:220.5px;">112,870</div><div id="a11908" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.6px;">$ </div><div id="a11910" style="position:absolute;left:444.52px;top:220.5px;">93,271</div><div id="a11913" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.6px;">$ </div><div id="a11915" style="position:absolute;left:562.44px;top:220.5px;">79,899</div><div id="a11918" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.6px;">$ </div><div id="a11920" style="position:absolute;left:671.76px;top:220.5px;">286,040</div></div><div id="TextBlockContainer61" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a11924" style="position:absolute;font-weight:bold;font-style:normal;left:398.76px;top:0px;">Six Months Ended June 30, 2021 </div><div id="a11936" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:17px;">Consolidated </div><div id="a11939" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a11942" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a11945" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a11948" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a11950" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.4px;">Customer Industries </div><div id="a11963" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64px;">Metals </div><div id="a11965" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65px;">$ </div><div id="a11967" style="position:absolute;left:326.413px;top:65px;">98,592</div><div id="a11970" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65px;">$ </div><div id="a11972" style="position:absolute;left:444.52px;top:65px;">69,908</div><div id="a11975" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65px;">$ </div><div id="a11977" style="position:absolute;left:562.44px;top:65px;">97,950</div><div id="a11980" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65px;">$ </div><div id="a11982" style="position:absolute;left:671.76px;top:65px;">266,450</div><div id="a11984" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.1px;">Metalworking and other </div><div id="a11987" style="position:absolute;left:319.693px;top:81.9px;">175,952</div><div id="a11991" style="position:absolute;left:437.8px;top:81.9px;">173,342</div><div id="a11995" style="position:absolute;left:562.44px;top:81.9px;">90,315</div><div id="a11999" style="position:absolute;left:671.76px;top:81.9px;">439,609</div><div id="a12003" style="position:absolute;left:319.693px;top:98.9px;">274,544</div><div id="a12007" style="position:absolute;left:437.8px;top:98.9px;">243,250</div><div id="a12011" style="position:absolute;left:555.72px;top:98.9px;">188,265</div><div id="a12015" style="position:absolute;left:671.76px;top:98.9px;">706,059</div><div id="a12017" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:115.8px;">Global Specialty Businesses </div><div id="a12020" style="position:absolute;left:326.413px;top:115.8px;">91,439</div><div id="a12024" style="position:absolute;left:444.52px;top:115.8px;">41,950</div><div id="a12028" style="position:absolute;left:562.44px;top:115.8px;">25,597</div><div id="a12032" style="position:absolute;left:671.76px;top:115.8px;">158,986</div><div id="a12035" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:133.9px;">$ </div><div id="a12037" style="position:absolute;left:319.693px;top:133px;">365,983</div><div id="a12040" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:133.9px;">$ </div><div id="a12042" style="position:absolute;left:437.8px;top:133px;">285,200</div><div id="a12045" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:133.9px;">$ </div><div id="a12047" style="position:absolute;left:555.72px;top:133px;">213,862</div><div id="a12050" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:133.9px;">$ </div><div id="a12052" style="position:absolute;left:671.76px;top:133px;">865,045</div><div id="a12066" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168px;">Timing of Revenue Recognized </div><div id="a12079" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.1px;">Product sales at a point in time </div><div id="a12081" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:185.9px;">$ </div><div id="a12083" style="position:absolute;left:319.693px;top:185.9px;">348,821</div><div id="a12086" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:185.9px;">$ </div><div id="a12088" style="position:absolute;left:437.8px;top:185.9px;">269,000</div><div id="a12091" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:185.9px;">$ </div><div id="a12093" style="position:absolute;left:555.72px;top:185.9px;">207,663</div><div id="a12096" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:185.9px;">$ </div><div id="a12098" style="position:absolute;left:671.76px;top:185.9px;">825,484</div><div id="a12100" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.1px;">Services transferred over time </div><div id="a12103" style="position:absolute;left:326.413px;top:202.9px;">17,162</div><div id="a12107" style="position:absolute;left:444.52px;top:202.9px;">16,200</div><div id="a12111" style="position:absolute;left:569.04px;top:202.9px;">6,199</div><div id="a12115" style="position:absolute;left:678.48px;top:202.9px;">39,561</div><div id="a12118" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221px;">$ </div><div id="a12120" style="position:absolute;left:319.693px;top:219.9px;">365,983</div><div id="a12123" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221px;">$ </div><div id="a12125" style="position:absolute;left:437.8px;top:219.9px;">285,200</div><div id="a12128" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221px;">$ </div><div id="a12130" style="position:absolute;left:555.72px;top:219.9px;">213,862</div><div id="a12133" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221px;">$ </div><div id="a12135" style="position:absolute;left:671.76px;top:219.9px;">865,045</div></div><div id="TextBlockContainer65" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:724px;height:237px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a12139" style="position:absolute;font-weight:bold;font-style:normal;left:398.76px;top:0px;">Six Months Ended June 30, 2020 </div><div id="a12151" style="position:absolute;font-weight:bold;font-style:normal;left:630.48px;top:17px;">Consolidated </div><div id="a12154" style="position:absolute;font-weight:bold;font-style:normal;left:288.813px;top:31.2px;">Americas </div><div id="a12157" style="position:absolute;font-weight:bold;font-style:normal;left:413.8px;top:31.2px;">EMEA </div><div id="a12160" style="position:absolute;font-weight:bold;font-style:normal;left:518.12px;top:31.2px;">Asia/Pacific </div><div id="a12163" style="position:absolute;font-weight:bold;font-style:normal;left:652.72px;top:31.2px;">Total </div><div id="a12165" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:47.7px;">Customer Industries </div><div id="a12178" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.6px;">Metals </div><div id="a12180" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:65.6px;">$ </div><div id="a12182" style="position:absolute;left:326.413px;top:64.6px;">79,360</div><div id="a12185" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:65.6px;">$ </div><div id="a12187" style="position:absolute;left:444.52px;top:64.6px;">54,812</div><div id="a12190" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:65.6px;">$ </div><div id="a12192" style="position:absolute;left:562.44px;top:64.6px;">77,005</div><div id="a12195" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:65.6px;">$ </div><div id="a12197" style="position:absolute;left:671.76px;top:64.6px;">211,177</div><div id="a12199" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:81.8px;">Metalworking and other </div><div id="a12202" style="position:absolute;left:319.693px;top:81.8px;">131,112</div><div id="a12206" style="position:absolute;left:437.8px;top:81.8px;">127,729</div><div id="a12210" style="position:absolute;left:562.44px;top:81.8px;">64,968</div><div id="a12214" style="position:absolute;left:671.76px;top:81.8px;">323,809</div><div id="a12218" style="position:absolute;left:319.693px;top:99px;">210,472</div><div id="a12222" style="position:absolute;left:437.8px;top:99px;">182,541</div><div id="a12226" style="position:absolute;left:555.72px;top:99px;">141,973</div><div id="a12230" style="position:absolute;left:671.76px;top:99px;">534,986</div><div id="a12232" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:116.5px;">Global Specialty Businesses </div><div id="a12235" style="position:absolute;left:326.413px;top:115.7px;">76,525</div><div id="a12239" style="position:absolute;left:444.52px;top:115.7px;">32,174</div><div id="a12243" style="position:absolute;left:562.44px;top:115.7px;">20,916</div><div id="a12247" style="position:absolute;left:671.76px;top:115.7px;">129,615</div><div id="a12250" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:134.6px;">$ </div><div id="a12252" style="position:absolute;left:319.693px;top:133.6px;">286,997</div><div id="a12255" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:134.6px;">$ </div><div id="a12257" style="position:absolute;left:437.8px;top:133.6px;">214,715</div><div id="a12260" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:134.6px;">$ </div><div id="a12262" style="position:absolute;left:555.72px;top:133.6px;">162,889</div><div id="a12265" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:134.6px;">$ </div><div id="a12267" style="position:absolute;left:671.76px;top:133.6px;">664,601</div><div id="a12281" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:168.7px;">Timing of Revenue Recognized </div><div id="a12294" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:185.8px;">Product sales at a point in time </div><div id="a12296" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:186.6px;">$ </div><div id="a12298" style="position:absolute;left:319.693px;top:185.8px;">277,446</div><div id="a12301" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:186.6px;">$ </div><div id="a12303" style="position:absolute;left:437.8px;top:185.8px;">206,418</div><div id="a12306" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:186.6px;">$ </div><div id="a12308" style="position:absolute;left:555.72px;top:185.8px;">159,351</div><div id="a12311" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:186.6px;">$ </div><div id="a12313" style="position:absolute;left:671.76px;top:185.8px;">643,215</div><div id="a12315" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:202.8px;">Services transferred over time </div><div id="a12318" style="position:absolute;left:332.973px;top:202.8px;">9,551</div><div id="a12322" style="position:absolute;left:451.08px;top:202.8px;">8,297</div><div id="a12326" style="position:absolute;left:569.04px;top:202.8px;">3,538</div><div id="a12330" style="position:absolute;left:678.48px;top:202.8px;">21,386</div><div id="a12333" style="position:absolute;font-weight:normal;font-style:normal;left:264.493px;top:221.6px;">$ </div><div id="a12335" style="position:absolute;left:319.693px;top:220.5px;">286,997</div><div id="a12338" style="position:absolute;font-weight:normal;font-style:normal;left:382.413px;top:221.6px;">$ </div><div id="a12340" style="position:absolute;left:437.8px;top:220.5px;">214,715</div><div id="a12343" style="position:absolute;font-weight:normal;font-style:normal;left:500.52px;top:221.6px;">$ </div><div id="a12345" style="position:absolute;left:555.72px;top:220.5px;">162,889</div><div id="a12348" style="position:absolute;font-weight:normal;font-style:normal;left:616.56px;top:221.6px;">$ </div><div id="a12350" style="position:absolute;left:671.76px;top:220.5px;">664,601</div></div> 51799000 35634000 48207000 135640000 87874000 87802000 43352000 219028000 139673000 123436000 91559000 354668000 46183000 21678000 12733000 80594000 185856000 145114000 104292000 435262000 177227000 137838000 101264000 416329000 8629000 7276000 3028000 18933000 185856000 145114000 104292000 435262000 32687000 24924000 35416000 93027000 47889000 52778000 33005000 133672000 80576000 77702000 68421000 226699000 32294000 15569000 11478000 59341000 112870000 93271000 79899000 286040000 108644000 87995000 78195000 274834000 4226000 5276000 1704000 11206000 112870000 93271000 79899000 286040000 98592000 69908000 97950000 266450000 175952000 173342000 90315000 439609000 274544000 243250000 188265000 706059000 91439000 41950000 25597000 158986000 365983000 285200000 213862000 865045000 348821000 269000000 207663000 825484000 17162000 16200000 6199000 39561000 365983000 285200000 213862000 865045000 79360000 54812000 77005000 211177000 131112000 127729000 64968000 323809000 210472000 182541000 141973000 534986000 76525000 32174000 20916000 129615000 286997000 214715000 162889000 664601000 277446000 206418000 159351000 643215000 9551000 8297000 3538000 21386000 286997000 214715000 162889000 664601000 <div id="TextBlockContainer70" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:292px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a12401" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 6 – Leases </div><div id="div_68_XBRL_TS_8c06c8e1621448c4813235577e1c3604" style="position:absolute;left:0px;top:23.4px;float:left;"><div id="TextBlockContainer69" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a12409" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company determines if an arrangement is a lease<div style="display:inline-block;width:4.74px"> </div>at its inception.<div style="display:inline-block;width:7.16px"> </div>This determination generally depends on whether the </div><div id="a12447" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">arrangement conveys the right to control the use of an<div style="display:inline-block;width:4.74px"> </div>identified fixed asset explicitly or implicitly for a period of<div style="display:inline-block;width:4.73px"> </div>time in exchange for </div><div id="a12496" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">consideration.<div style="display:inline-block;width:7.09px"> </div>Control of an underlying asset is conveyed if the Company<div style="display:inline-block;width:4.54px"> </div>obtains the rights to direct the use of, and obtains </div><div id="a12539" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">substantially all of the economic benefits from the use<div style="display:inline-block;width:4.73px"> </div>of, the underlying asset.<div style="display:inline-block;width:7.19px"> </div>Lease expense for variable leases and short-term </div><div id="a12581" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">leases is recognized when the obligation is incurred.</div></div></div><div id="a12581_53_1" style="position:absolute;font-weight:normal;font-style:normal;left:283.213px;top:84.6px;"> </div><div id="a12597" style="position:absolute;font-weight:bold;font-style:normal;left:286.413px;top:84.6px;"> </div><div id="a12598" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:108px;">The Company has operating leases for certain facilities, vehicles<div style="display:inline-block;width:4.7px"> </div>and machinery and equipment with remaining lease terms up<div style="display:inline-block;width:4.76px"> </div>to </div><div id="a12636" style="position:absolute;left:4.427px;top:123.4px;">10 years</div><div id="a12636_8_89" style="position:absolute;font-weight:normal;font-style:normal;left:49.387px;top:123.4px;">.<div style="display:inline-block;width:6.63px"> </div>In addition, the Company has certain land use leases with remaining<div style="display:inline-block;width:4.9px"> </div>lease terms up to </div><div id="a12636_97_8" style="position:absolute;left:520.04px;top:123.4px;">94 years</div><div id="a12636_105_33" style="position:absolute;font-weight:normal;font-style:normal;left:564.839px;top:123.4px;">.<div style="display:inline-block;width:6.8px"> </div>The lease term for all of the </div><div id="a12688" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.7px;">Company’s leases includes<div style="display:inline-block;width:4.76px"> </div>the non-cancellable period of the lease plus any additional periods<div style="display:inline-block;width:4.8px"> </div>covered by an option to extend the lease </div><div id="a12732" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.9px;">that the Company is reasonably certain it will exercise.<div style="display:inline-block;width:8.05px"> </div></div><div id="a12732_58_58" style="position:absolute;left:304.173px;top:153.9px;-sec-ix-hidden:ID_1151;">Operating leases are included in right of use lease assets</div><div id="a12732_116_16" style="position:absolute;font-weight:normal;font-style:normal;left:603.439px;top:153.9px;">, other current </div><div id="a12774" style="position:absolute;left:4.427px;top:169.3px;-sec-ix-hidden:ID_1152;">liabilities and long-term lease liabilities</div><div id="a12774_43_93" style="position:absolute;font-weight:normal;font-style:normal;left:215.333px;top:169.3px;"><div style="display:inline-block;width:3.4px"> </div>on the Condensed Consolidated Balance Sheet.<div style="display:inline-block;width:8.12px"> </div>Right of use lease assets and liabilities are </div><div id="a12814" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.6px;">recognized at each lease’s<div style="display:inline-block;width:4.75px"> </div>commencement date based on the present value of its lease payments<div style="display:inline-block;width:4.79px"> </div>over its respective lease term.<div style="display:inline-block;width:7.55px"> </div>The </div><div id="a12857" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">Company uses the stated borrowing rate for a lease when<div style="display:inline-block;width:4.73px"> </div>readily determinable.<div style="display:inline-block;width:7.2px"> </div>When a stated borrowing rate is not available in a </div><div id="a12901" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">lease agreement, the Company uses its incremental borrowing<div style="display:inline-block;width:4.78px"> </div>rate based on information available at the lease’s<div style="display:inline-block;width:5.1px"> </div>commencement date </div><div id="a12938" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.8px;">to determine the present value of its lease payments.<div style="display:inline-block;width:7.99px"> </div>In determining the incremental borrowing rate used to present<div style="display:inline-block;width:4.73px"> </div>value each of its </div><div id="a12982" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246px;">leases, the Company considers certain information<div style="display:inline-block;width:4.71px"> </div>including fully secured borrowing rates readily available to the Company<div style="display:inline-block;width:4.92px"> </div>and its </div><div id="a13018" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">subsidiaries.<div style="display:inline-block;width:6.97px"> </div>The Company has immaterial finance leases, which are<div style="display:inline-block;width:4.75px"> </div>included in property, plant<div style="display:inline-block;width:4.81px"> </div>and equipment, current portion of </div><div id="a13057" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">long-term debt and long-term debt on the Condensed Consolidated<div style="display:inline-block;width:4.95px"> </div>Balance Sheet.</div></div><div id="TextBlockContainer72" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:719px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a13083" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Operating lease expense is recognized on a straight-line<div style="display:inline-block;width:4.76px"> </div>basis over the lease term.<div style="display:inline-block;width:7.13px"> </div>Operating lease expense for the three and six </div><div id="a13128" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">months ended June 30, 2021 was $</div><div id="a13128_32_3" style="position:absolute;left:190.693px;top:15.4px;">3.6</div><div id="a13128_35_14" style="position:absolute;font-weight:normal;font-style:normal;left:207.493px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a13128_49_3" style="position:absolute;left:281.933px;top:15.4px;">7.2</div><div id="a13128_52_78" style="position:absolute;font-weight:normal;font-style:normal;left:298.733px;top:15.4px;"><div style="display:inline-block;width:3.2px"> </div>million, respectively.<div style="display:inline-block;width:8.08px"> </div>Comparatively, operating<div style="display:inline-block;width:4.83px"> </div>lease expense for the three </div><div id="a13171" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">and six months ended June 30, 2020 was $</div><div id="a13171_40_3" style="position:absolute;left:232.333px;top:30.6px;">3.5</div><div id="a13171_43_14" style="position:absolute;font-weight:normal;font-style:normal;left:248.973px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a13171_57_3" style="position:absolute;left:323.533px;top:30.6px;">6.9</div><div id="a13171_60_72" style="position:absolute;font-weight:normal;font-style:normal;left:340.173px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively.<div style="display:inline-block;width:8.08px"> </div>Short-term lease expense for the three and six </div><div id="a13220" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">months ended June 30, 2021 was $</div><div id="a13220_32_3" style="position:absolute;left:190.693px;top:45.9px;">0.2</div><div id="a13220_35_14" style="position:absolute;font-weight:normal;font-style:normal;left:207.493px;top:45.9px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a13220_49_3" style="position:absolute;left:281.933px;top:45.9px;">0.5</div><div id="a13220_52_79" style="position:absolute;font-weight:normal;font-style:normal;left:298.733px;top:45.9px;"><div style="display:inline-block;width:3.2px"> </div>million, respectively.<div style="display:inline-block;width:8.08px"> </div>Comparatively, short-term<div style="display:inline-block;width:4.78px"> </div>lease expense for the three </div><div id="a13265" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">and six months ended June 30, 2020 was $</div><div id="a13265_40_3" style="position:absolute;left:232.333px;top:61.3px;">0.4</div><div id="a13265_43_14" style="position:absolute;font-weight:normal;font-style:normal;left:248.973px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a13265_57_3" style="position:absolute;left:323.533px;top:61.3px;">0.9</div><div id="a13265_60_41" style="position:absolute;font-weight:normal;font-style:normal;left:340.173px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively.<div style="display:inline-block;width:8.08px"> </div>The Company has </div><div id="a13265_101_2" style="position:absolute;left:563.559px;top:61.3px;">no</div><div id="a13265_103_25" style="position:absolute;font-weight:normal;font-style:normal;left:576.879px;top:61.3px;"><div style="display:inline-block;width:3.36px"> </div>material variable lease </div><div id="a13308" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">costs or sublease income for the three or six months ended<div style="display:inline-block;width:4.74px"> </div>June 30, 2021 and 2020.<div style="display:inline-block;width:7.15px"> </div></div><div id="a13342" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:100px;">Cash paid for operating leases during the six months ended<div style="display:inline-block;width:4.77px"> </div>June 30, 2021 and 2020 was $</div><div id="a13342_87_3" style="position:absolute;left:508.199px;top:100px;">7.1</div><div id="a13342_90_14" style="position:absolute;font-weight:normal;font-style:normal;left:524.839px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a13342_104_3" style="position:absolute;left:599.279px;top:100px;">6.8</div><div id="a13342_107_10" style="position:absolute;font-weight:normal;font-style:normal;left:616.079px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million, </div><div id="a13385" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">respectively.<div style="display:inline-block;width:7.98px"> </div>The Company recorded new right of use lease assets and associated lease liabilities<div style="display:inline-block;width:4.84px"> </div>of $</div><div id="a13385_103_3" style="position:absolute;left:546.919px;top:115.4px;">3.9</div><div id="a13385_106_24" style="position:absolute;font-weight:normal;font-style:normal;left:563.719px;top:115.4px;"><div style="display:inline-block;width:3.2px"> </div>million during the six </div><div id="a13429" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">months ended June 30, 2021.<div style="display:inline-block;width:7.35px"> </div></div><div id="a13441" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:153.9px;">Supplemental balance sheet information related to the Company’s<div style="display:inline-block;width:5.61px"> </div>leases is as follows:</div></div><div id="TextBlockContainer75" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a13468" style="position:absolute;font-weight:bold;font-style:normal;left:493.32px;top:0px;">June 30, </div><div id="a13472" style="position:absolute;font-weight:bold;font-style:normal;left:577.2px;top:0px;">December 31, </div><div id="a13476" style="position:absolute;font-weight:bold;font-style:normal;left:503.56px;top:17px;">2021 </div><div id="a13479" style="position:absolute;font-weight:bold;font-style:normal;left:602.64px;top:17px;">2020 </div><div id="a13482" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Right of use lease assets </div><div id="a13484" style="position:absolute;font-weight:normal;font-style:normal;left:474.44px;top:33.9px;">$ </div><div id="a13486" style="position:absolute;left:518.92px;top:33.9px;">36,160</div><div id="a13489" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:33.9px;">$ </div><div id="a13491" style="position:absolute;left:618px;top:33.9px;">38,507</div><div id="a13501" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Other current liabilities </div><div id="a13504" style="position:absolute;left:518.92px;top:68px;">10,064</div><div id="a13508" style="position:absolute;left:618px;top:68px;">10,901</div><div id="a13511" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Long-term lease liabilities </div><div id="a13516" style="position:absolute;left:518.92px;top:85px;">25,668</div><div id="a13520" style="position:absolute;left:618px;top:85px;">27,070</div><div id="a13523" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Total operating<div style="display:inline-block;width:4.74px"> </div>lease liabilities </div><div id="a13526" style="position:absolute;font-weight:normal;font-style:normal;left:474.44px;top:101.9px;">$ </div><div id="a13528" style="position:absolute;left:518.92px;top:101.9px;">35,732</div><div id="a13531" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:101.9px;">$ </div><div id="a13533" style="position:absolute;left:618px;top:101.9px;">37,971</div><div id="a13544" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Weighted average<div style="display:inline-block;width:4.84px"> </div>remaining lease term (years) </div><div id="a13547" style="position:absolute;left:538.96px;top:136px;">5.8</div><div id="a13551" style="position:absolute;left:638px;top:136px;">6.0</div><div id="a13554" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Weighted average<div style="display:inline-block;width:4.84px"> </div>discount rate </div><div id="a13557" style="position:absolute;left:525.16px;top:153px;display:flex;">4.26%</div><div id="a13561" style="position:absolute;left:624.24px;top:153px;display:flex;">4.20%</div></div><div id="TextBlockContainer78" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:417px;height:16px;display:inline-block;"><div id="a13563" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Maturities of operating lease liabilities as of June 30,<div style="display:inline-block;width:4.6px"> </div>2021 were as follows:</div></div><div id="TextBlockContainer82" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:184px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_80_XBRL_TS_0d579ae1d84049168fd116dbaa5385b9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer81" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:184px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a13592" style="position:absolute;font-weight:bold;font-style:normal;left:592.4px;top:0px;">June 30, </div><div id="a13596" style="position:absolute;font-weight:bold;font-style:normal;left:602.64px;top:17.1px;">2021 </div><div id="a13599" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.1px;">For the remainder of 2021 </div><div id="a13601" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:33.1px;">$ </div><div id="a13603" style="position:absolute;left:624.56px;top:33.1px;">6,052</div><div id="a13606" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:49.1px;">For the year ended December 31, 2022 </div><div id="a13609" style="position:absolute;left:624.56px;top:49.1px;">9,400</div><div id="a13612" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.1px;">For the year ended December 31, 2023 </div><div id="a13615" style="position:absolute;left:624.56px;top:66.1px;">7,234</div><div id="a13618" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:83px;">For the year ended December 31, 2024 </div><div id="a13621" style="position:absolute;left:624.56px;top:83px;">5,355</div><div id="a13624" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">For the year ended December 31, 2025 </div><div id="a13627" style="position:absolute;left:624.56px;top:100px;">4,260</div><div id="a13630" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:117.1px;">For the year ended December 31, 2026 and beyond </div><div id="a13634" style="position:absolute;left:624.56px;top:117.1px;">8,152</div><div id="a13637" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:134.1px;">Total lease payments </div><div id="a13640" style="position:absolute;left:618px;top:134.1px;">40,453</div><div id="a13643" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:151px;">Less: imputed interest </div><div id="a13646" style="position:absolute;left:619.76px;top:151px;">(4,721)</div><div id="a13649" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168px;">Present value of lease liabilities </div><div id="a13651" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:168px;">$ </div><div id="a13653" style="position:absolute;left:618px;top:168px;">35,732</div></div></div></div> <div id="TextBlockContainer69" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a12409" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company determines if an arrangement is a lease<div style="display:inline-block;width:4.74px"> </div>at its inception.<div style="display:inline-block;width:7.16px"> </div>This determination generally depends on whether the </div><div id="a12447" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">arrangement conveys the right to control the use of an<div style="display:inline-block;width:4.74px"> </div>identified fixed asset explicitly or implicitly for a period of<div style="display:inline-block;width:4.73px"> </div>time in exchange for </div><div id="a12496" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">consideration.<div style="display:inline-block;width:7.09px"> </div>Control of an underlying asset is conveyed if the Company<div style="display:inline-block;width:4.54px"> </div>obtains the rights to direct the use of, and obtains </div><div id="a12539" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">substantially all of the economic benefits from the use<div style="display:inline-block;width:4.73px"> </div>of, the underlying asset.<div style="display:inline-block;width:7.19px"> </div>Lease expense for variable leases and short-term </div><div id="a12581" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">leases is recognized when the obligation is incurred.</div></div> P10Y P94Y 3600000 7200000 3500000 6900000 200000 500000 400000 900000 0 0 0 0 0 0 0 0 7100000 6800000 3900000 <div id="TextBlockContainer76" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_74_XBRL_TS_28a22557745b422a8997cc4e07903877" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer75" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:169px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a13468" style="position:absolute;font-weight:bold;font-style:normal;left:493.32px;top:0px;">June 30, </div><div id="a13472" style="position:absolute;font-weight:bold;font-style:normal;left:577.2px;top:0px;">December 31, </div><div id="a13476" style="position:absolute;font-weight:bold;font-style:normal;left:503.56px;top:17px;">2021 </div><div id="a13479" style="position:absolute;font-weight:bold;font-style:normal;left:602.64px;top:17px;">2020 </div><div id="a13482" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.9px;">Right of use lease assets </div><div id="a13484" style="position:absolute;font-weight:normal;font-style:normal;left:474.44px;top:33.9px;">$ </div><div id="a13486" style="position:absolute;left:518.92px;top:33.9px;">36,160</div><div id="a13489" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:33.9px;">$ </div><div id="a13491" style="position:absolute;left:618px;top:33.9px;">38,507</div><div id="a13501" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Other current liabilities </div><div id="a13504" style="position:absolute;left:518.92px;top:68px;">10,064</div><div id="a13508" style="position:absolute;left:618px;top:68px;">10,901</div><div id="a13511" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Long-term lease liabilities </div><div id="a13516" style="position:absolute;left:518.92px;top:85px;">25,668</div><div id="a13520" style="position:absolute;left:618px;top:85px;">27,070</div><div id="a13523" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:101.9px;">Total operating<div style="display:inline-block;width:4.74px"> </div>lease liabilities </div><div id="a13526" style="position:absolute;font-weight:normal;font-style:normal;left:474.44px;top:101.9px;">$ </div><div id="a13528" style="position:absolute;left:518.92px;top:101.9px;">35,732</div><div id="a13531" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:101.9px;">$ </div><div id="a13533" style="position:absolute;left:618px;top:101.9px;">37,971</div><div id="a13544" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Weighted average<div style="display:inline-block;width:4.84px"> </div>remaining lease term (years) </div><div id="a13547" style="position:absolute;left:538.96px;top:136px;">5.8</div><div id="a13551" style="position:absolute;left:638px;top:136px;">6.0</div><div id="a13554" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Weighted average<div style="display:inline-block;width:4.84px"> </div>discount rate </div><div id="a13557" style="position:absolute;left:525.16px;top:153px;display:flex;">4.26%</div><div id="a13561" style="position:absolute;left:624.24px;top:153px;display:flex;">4.20%</div></div></div></div> 36160000 38507000 10064000 10901000 25668000 27070000 35732000 37971000 P5Y9M18D P6Y 4.26 4.20 <div id="TextBlockContainer81" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:667px;height:184px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a13592" style="position:absolute;font-weight:bold;font-style:normal;left:592.4px;top:0px;">June 30, </div><div id="a13596" style="position:absolute;font-weight:bold;font-style:normal;left:602.64px;top:17.1px;">2021 </div><div id="a13599" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:33.1px;">For the remainder of 2021 </div><div id="a13601" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:33.1px;">$ </div><div id="a13603" style="position:absolute;left:624.56px;top:33.1px;">6,052</div><div id="a13606" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:49.1px;">For the year ended December 31, 2022 </div><div id="a13609" style="position:absolute;left:624.56px;top:49.1px;">9,400</div><div id="a13612" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.1px;">For the year ended December 31, 2023 </div><div id="a13615" style="position:absolute;left:624.56px;top:66.1px;">7,234</div><div id="a13618" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:83px;">For the year ended December 31, 2024 </div><div id="a13621" style="position:absolute;left:624.56px;top:83px;">5,355</div><div id="a13624" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">For the year ended December 31, 2025 </div><div id="a13627" style="position:absolute;left:624.56px;top:100px;">4,260</div><div id="a13630" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:117.1px;">For the year ended December 31, 2026 and beyond </div><div id="a13634" style="position:absolute;left:624.56px;top:117.1px;">8,152</div><div id="a13637" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:134.1px;">Total lease payments </div><div id="a13640" style="position:absolute;left:618px;top:134.1px;">40,453</div><div id="a13643" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:151px;">Less: imputed interest </div><div id="a13646" style="position:absolute;left:619.76px;top:151px;">(4,721)</div><div id="a13649" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:168px;">Present value of lease liabilities </div><div id="a13651" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:168px;">$ </div><div id="a13653" style="position:absolute;left:618px;top:168px;">35,732</div></div> 6052000 9400000 7234000 5355000 4260000 8152000 40453000 4721000 35732000 <div id="TextBlockContainer84" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:216px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a13704" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 7 – Restructuring and Related Activities </div><div id="a13718" style="position:absolute;left:28.427px;top:23.4px;">The Company’s management approved a global restructuring plan (the “QH Program”) as part of its plan to realize certain cost </div><div id="a13758" style="position:absolute;left:4.427px;top:38.7px;">synergies associated with the Combination in the third quarter of 2019. The QH Program includes restructuring and associated </div><div id="a13795" style="position:absolute;left:4.427px;top:53.9px;">severance costs to reduce total headcount by approximately 400 people globally, as well as plans for the closure of certain </div><div id="a13836" style="position:absolute;left:4.427px;top:69.3px;">manufacturing and non-manufacturing facilities. The exact timing and total costs associated with the QH Program will depend on a </div><div id="a13876" style="position:absolute;left:4.427px;top:84.6px;">number of factors and is subject to change; however, the Company currently expects reduction in headcount and site closures to </div><div id="a13917" style="position:absolute;left:4.427px;top:100px;">continue to occur throughout 2021 and into 2022 under the QH Program and estimates that anticipated cost synergies realized from the </div><div id="a13959" style="position:absolute;left:4.427px;top:115.4px;">QH Program will approximate one-times the restructuring costs incurred. Employee separation benefits will vary depending on local </div><div id="a13995" style="position:absolute;left:4.427px;top:130.7px;">regulations within certain foreign countries and will include severance and other benefits.</div><div id="a13995_91_1" style="position:absolute;font-weight:normal;font-style:normal;left:482.12px;top:130.7px;"> </div><div id="a14020" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:153.9px;">All costs incurred to date relate to severance costs to reduce<div style="display:inline-block;width:4.78px"> </div>headcount as well as costs to close certain facilities and are<div style="display:inline-block;width:4.78px"> </div>recorded </div><div id="a14066" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.3px;">in Restructuring and related charges in the<div style="display:inline-block;width:4.8px"> </div>Company’s Condensed Statements<div style="display:inline-block;width:4.72px"> </div>of Operations.<div style="display:inline-block;width:7.07px"> </div>As described in Note 4 of Notes to </div><div id="a14108" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.6px;">Condensed Consolidated Financial Statements, restructuring<div style="display:inline-block;width:4.74px"> </div>and related charges are not included in<div style="display:inline-block;width:4.7px"> </div>the Company’s calculation of </div><div id="a14141" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">reportable segments’ measure of operating earnings<div style="display:inline-block;width:4.71px"> </div>and therefore these costs are not reviewed by or recorded to<div style="display:inline-block;width:4.72px"> </div>reportable segments.</div></div><div id="TextBlockContainer86" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:699px;height:16px;display:inline-block;"><div id="a14179" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Activity in the Company’s<div style="display:inline-block;width:4.77px"> </div>accrual for restructuring under the QH Program for the six months ended<div style="display:inline-block;width:4.96px"> </div>June 30, 2021 is as follows:</div></div><div id="TextBlockContainer90" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:664px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_88_XBRL_TS_98558c94639649bc8d7319250ef31c9e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer89" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:664px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14226" style="position:absolute;font-weight:bold;font-style:normal;left:576.72px;top:0px;">QH Program </div><div id="a14229" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:16.2px;">Accrued restructuring as of December 31,<div style="display:inline-block;width:7.72px"> </div>2020 </div><div id="a14232" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:16.6px;">$ </div><div id="a14234" style="position:absolute;left:622.16px;top:16.6px;">8,248</div><div id="a14238" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:33.6px;">Restructuring and related charges </div><div id="a14241" style="position:absolute;left:621.04px;top:33.6px;">1,473</div><div id="a14245" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:50.6px;">Cash payments </div><div id="a14248" style="position:absolute;left:616.24px;top:50.6px;">(4,214)</div><div id="a14252" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:67.5px;">Currency translation adjustments </div><div id="a14254" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:67.5px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a14256" style="position:absolute;left:626.16px;top:67.5px;">(229)</div><div id="a14259" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">Accrued restructuring as of June 30, 2021 </div><div id="a14261" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:85.6px;">$ </div><div id="a14263" style="position:absolute;left:621.04px;top:85.6px;">5,278</div></div></div></div> 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. The exact timing and total costs associated with the QH Program will depend on a number of factors and is subject to change; however, the Company currently expects reduction in headcount and site closures to continue to occur throughout 2021 and into 2022 under the QH Program and estimates that anticipated cost synergies realized from the QH Program will approximate one-times the restructuring costs incurred. Employee separation benefits will vary depending on local regulations within certain foreign countries and will include severance and other benefits. 400 <div id="TextBlockContainer89" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:664px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14226" style="position:absolute;font-weight:bold;font-style:normal;left:576.72px;top:0px;">QH Program </div><div id="a14229" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:16.2px;">Accrued restructuring as of December 31,<div style="display:inline-block;width:7.72px"> </div>2020 </div><div id="a14232" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:16.6px;">$ </div><div id="a14234" style="position:absolute;left:622.16px;top:16.6px;">8,248</div><div id="a14238" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:33.6px;">Restructuring and related charges </div><div id="a14241" style="position:absolute;left:621.04px;top:33.6px;">1,473</div><div id="a14245" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:50.6px;">Cash payments </div><div id="a14248" style="position:absolute;left:616.24px;top:50.6px;">(4,214)</div><div id="a14252" style="position:absolute;font-weight:normal;font-style:normal;left:16.459px;top:67.5px;">Currency translation adjustments </div><div id="a14254" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:67.5px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a14256" style="position:absolute;left:626.16px;top:67.5px;">(229)</div><div id="a14259" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">Accrued restructuring as of June 30, 2021 </div><div id="a14261" style="position:absolute;font-weight:normal;font-style:normal;left:573.52px;top:85.6px;">$ </div><div id="a14263" style="position:absolute;left:621.04px;top:85.6px;">5,278</div></div> 8248000 1473000 4214000 229000 5278000 <div id="TextBlockContainer92" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:682px;height:54px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14265" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 8 – Share-Based Compensation </div><div id="a14277" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">The Company recognized the following share-based compensation<div style="display:inline-block;width:4.83px"> </div>expense in its Condensed Consolidated Statements of </div><div id="a14308" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">Operations for the three and six months ended June 30, 2021<div style="display:inline-block;width:4.72px"> </div>and 2020:</div></div><div id="TextBlockContainer96" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_94_XBRL_TS_0ff0571e7d5d412983e1d5ea6802dcea" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer95" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14337" style="position:absolute;font-weight:bold;font-style:normal;left:386.733px;top:0px;">Three Months Ended </div><div id="a14341" style="position:absolute;font-weight:bold;font-style:normal;left:581.84px;top:0px;">Six Months Ended </div><div id="a14345" style="position:absolute;font-weight:bold;font-style:normal;left:423.72px;top:17.1px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a14348" style="position:absolute;font-weight:bold;font-style:normal;left:610.8px;top:17.1px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a14352" style="position:absolute;font-weight:bold;font-style:normal;left:386.573px;top:34.1px;">2021 </div><div id="a14355" style="position:absolute;font-weight:bold;font-style:normal;left:481.64px;top:34.1px;">2020 </div><div id="a14358" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:34.1px;">2021 </div><div id="a14361" style="position:absolute;font-weight:bold;font-style:normal;left:667.76px;top:34.1px;">2020 </div><div id="a14363" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.1px;">Stock options </div><div id="a14365" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:51.1px;">$ </div><div id="a14367" style="position:absolute;left:417.64px;top:51.1px;">332</div><div id="a14370" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:51.1px;">$ </div><div id="a14372" style="position:absolute;left:512.68px;top:51.1px;">353</div><div id="a14375" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:51.1px;">$ </div><div id="a14377" style="position:absolute;left:605.68px;top:51.1px;">640</div><div id="a14380" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:51.1px;">$ </div><div id="a14382" style="position:absolute;left:698.64px;top:51.1px;">785</div><div id="a14384" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Non-vested stock awards and restricted stock units </div><div id="a14389" style="position:absolute;left:407.56px;top:68px;">1,290</div><div id="a14393" style="position:absolute;left:502.6px;top:68px;">1,259</div><div id="a14397" style="position:absolute;left:595.6px;top:68px;">2,686</div><div id="a14401" style="position:absolute;left:688.56px;top:68px;">2,523</div><div id="a14403" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Non-elective and elective 401(k) matching contribution in<div style="display:inline-block;width:4.73px"> </div>stock </div><div id="a14408" style="position:absolute;left:424.36px;top:85.1px;">—</div><div id="a14412" style="position:absolute;left:502.6px;top:85.1px;">1,162</div><div id="a14416" style="position:absolute;left:595.6px;top:85.1px;">1,553</div><div id="a14420" style="position:absolute;left:688.56px;top:85.1px;">1,162</div><div id="a14422" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Director stock ownership plan </div><div id="a14425" style="position:absolute;left:417.64px;top:102.1px;">216</div><div id="a14429" style="position:absolute;left:519.4px;top:102.1px;">54</div><div id="a14433" style="position:absolute;left:605.68px;top:102.1px;">419</div><div id="a14437" style="position:absolute;left:705.36px;top:102.1px;">94</div><div id="a14439" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.1px;">Performance stock units </div><div id="a14442" style="position:absolute;left:417.64px;top:119.1px;">517</div><div id="a14446" style="position:absolute;left:512.68px;top:119.1px;">280</div><div id="a14450" style="position:absolute;left:605.68px;top:119.1px;">836</div><div id="a14454" style="position:absolute;left:698.64px;top:119.1px;">280</div><div id="a14456" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Annual incentive plan </div><div id="a14459" style="position:absolute;left:424.36px;top:136px;">—</div><div id="a14463" style="position:absolute;left:507.72px;top:136px;">(117)</div><div id="a14467" style="position:absolute;left:612.4px;top:136px;">—</div><div id="a14471" style="position:absolute;left:688.56px;top:136px;">2,829</div><div id="a14473" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:154.1px;">Total share-based<div style="display:inline-block;width:4.86px"> </div>compensation expense </div><div id="a14477" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:154.1px;">$ </div><div id="a14479" style="position:absolute;left:407.56px;top:154.1px;">2,355</div><div id="a14482" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:154.1px;">$ </div><div id="a14484" style="position:absolute;left:502.6px;top:154.1px;">2,991</div><div id="a14487" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:154.1px;">$ </div><div id="a14489" style="position:absolute;left:595.6px;top:154.1px;">6,134</div><div id="a14492" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:154.1px;">$ </div><div id="a14494" style="position:absolute;left:688.56px;top:154.1px;">7,673</div></div></div></div><div id="TextBlockContainer98" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:124px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14496" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Share-based compensation expense is recorded in SG&amp;A,<div style="display:inline-block;width:4.71px"> </div>except for $</div><div id="a14496_66_3" style="position:absolute;left:404.04px;top:0px;">0.2</div><div id="a14496_69_14" style="position:absolute;font-weight:normal;font-style:normal;left:420.68px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a14496_83_3" style="position:absolute;left:495.079px;top:0px;">0.5</div><div id="a14496_86_38" style="position:absolute;font-weight:normal;font-style:normal;left:511.72px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million for the three and six months </div><div id="a14538" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">ended June 30, 2021, respectively,<div style="display:inline-block;width:5.12px"> </div>and $</div><div id="a14538_40_3" style="position:absolute;left:221.253px;top:15.4px;">0.3</div><div id="a14538_43_14" style="position:absolute;font-weight:normal;font-style:normal;left:237.933px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a14538_57_3" style="position:absolute;left:312.333px;top:15.4px;">0.8</div><div id="a14538_60_73" style="position:absolute;font-weight:normal;font-style:normal;left:328.973px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million for the three and six months ended June 30, 2020, respectively, </div><div id="a14585" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">recorded within Combination, integration<div style="display:inline-block;width:4.48px"> </div>and other acquisition-related expenses. </div><div id="a14604" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:54.1px;">Stock Options</div><div id="a14607" style="position:absolute;font-weight:normal;font-style:normal;left:78.859px;top:54.1px;"> </div><div id="a14608" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:77.5px;">During the first six months of 2021, the Company granted<div style="display:inline-block;width:4.84px"> </div>stock options under its long-term incentive plan (“LTIP”)<div style="display:inline-block;width:5.63px"> </div>that are </div><div id="a14650" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92.8px;">subject only to time-based vesting over a </div><div id="a14650_42_5" style="position:absolute;left:226.413px;top:92.8px;-sec-ix-hidden:ID_444;">three</div><div id="a14650_47_90" style="position:absolute;font-weight:normal;font-style:normal;left:253.133px;top:92.8px;"><div style="display:inline-block;width:3.2px"> </div>year period.<div style="display:inline-block;width:6.82px"> </div>For the purposes of determining the fair value of stock<div style="display:inline-block;width:4.65px"> </div>option awards, the </div><div id="a14699" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:108.2px;">Company used a Black-Scholes option pricing model and<div style="display:inline-block;width:4.72px"> </div>which primarily used the assumptions set forth in the table below:</div></div><div id="TextBlockContainer101" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:436px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14740" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Number of options granted </div><div id="a14742" style="position:absolute;left:373.933px;top:0px;">25,250</div><div id="a14747" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.1px;">Dividend yield </div><div id="a14749" style="position:absolute;left:388.333px;top:17.1px;">0.85</div><div id="a14751" style="position:absolute;font-weight:normal;font-style:normal;left:416.493px;top:17.1px;">% </div><div id="a14755" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Expected volatility </div><div id="a14757" style="position:absolute;left:381.613px;top:34.1px;">37.33</div><div id="a14759" style="position:absolute;font-weight:normal;font-style:normal;left:416.493px;top:34.1px;">% </div><div id="a14763" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Risk-free interest rate </div><div id="a14767" style="position:absolute;left:388.333px;top:51px;">0.60</div><div id="a14769" style="position:absolute;font-weight:normal;font-style:normal;left:416.493px;top:51px;">% </div><div id="a14773" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Expected term (years) </div><div id="a14775" style="position:absolute;left:395.053px;top:68px;">4.0</div></div><div id="TextBlockContainer104" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:714px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14828" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The fair value of these options is amortized on a straight<div style="display:inline-block;width:1.42px"> </div>-line basis over the vesting period.<div style="display:inline-block;width:7.34px"> </div>As of June 30, 2021,<div style="display:inline-block;width:3.88px"> </div>unrecognized </div><div id="a14875" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">compensation expense related to all stock options<div style="display:inline-block;width:4.59px"> </div>granted was $</div><div id="a14875_63_3" style="position:absolute;left:346.413px;top:15.4px;">2.4</div><div id="a14875_66_61" style="position:absolute;font-weight:normal;font-style:normal;left:363.213px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>million, to be recognized over a weighted average remaining </div><div id="a14913" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">period of </div><div id="a14913_10_3" style="position:absolute;left:56.459px;top:30.7px;">2.3</div><div id="a14913_13_7" style="position:absolute;font-weight:normal;font-style:normal;left:73.098px;top:30.7px;"><div style="display:inline-block;width:3.36px"> </div>years.</div></div><div id="TextBlockContainer106" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:131px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14922" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Restricted Stock Awards<div style="display:inline-block;width:5.03px"> </div>and Restricted Stock Units</div><div id="a14935" style="position:absolute;font-weight:normal;font-style:normal;left:280.013px;top:0px;"> </div><div id="a14936" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">During the six months ended June 30, 2021, the Company<div style="display:inline-block;width:4.78px"> </div>granted </div><div id="a14936_63_6" style="position:absolute;left:385.293px;top:23.2px;">17,692</div><div id="a14936_69_34" style="position:absolute;font-weight:normal;font-style:normal;left:421.96px;top:23.2px;"><div style="display:inline-block;width:3.36px"> </div>non-vested restricted shares and </div><div id="a14936_103_5" style="position:absolute;left:599.44px;top:23.2px;">2,791</div><div id="a14936_108_12" style="position:absolute;font-weight:normal;font-style:normal;left:629.36px;top:23.2px;"><div style="display:inline-block;width:3.36px"> </div>non-vested </div><div id="a14981" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">restricted stock units under its LTIP,<div style="display:inline-block;width:6.96px"> </div>which are subject to time-based vesting, generally over a </div><div id="a14981_97_10" style="position:absolute;left:509.32px;top:38.6px;">three year</div><div id="a14981_107_28" style="position:absolute;font-weight:normal;font-style:normal;left:562.279px;top:38.6px;"><div style="display:inline-block;width:3.36px"> </div>period.<div style="display:inline-block;width:6.79px"> </div>The fair value of </div><div id="a15028" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">these grants is based on the trading price of the Company’s<div style="display:inline-block;width:5.47px"> </div>common stock on the date of grant.<div style="display:inline-block;width:7.35px"> </div>The Company adjusts the grant date </div><div id="a15077" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">fair value of these awards for expected forfeitures based<div style="display:inline-block;width:4.71px"> </div>on historical experience.<div style="display:inline-block;width:7.31px"> </div>As of June 30, 2021, unrecognized compensation </div><div id="a15115" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">expense related to the non-vested restricted shares was $</div><div id="a15115_57_3" style="position:absolute;left:305.933px;top:84.6px;">6.3</div><div id="a15115_60_71" style="position:absolute;font-weight:normal;font-style:normal;left:322.733px;top:84.6px;"><div style="display:inline-block;width:3.2px"> </div>million, to be recognized over a weighted average remaining<div style="display:inline-block;width:4.78px"> </div>period of </div><div id="a15115_131_3" style="position:absolute;left:705.359px;top:84.6px;">1.9</div><div id="a15115_134_1" style="position:absolute;font-weight:normal;font-style:normal;left:721.999px;top:84.6px;"> </div><div id="a15159" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:99.8px;">years, and unrecognized compensation expense<div style="display:inline-block;width:4.69px"> </div>related to non-vested restricted stock units was $</div><div id="a15159_95_3" style="position:absolute;left:520.36px;top:99.8px;">1.1</div><div id="a15159_98_34" style="position:absolute;font-weight:normal;font-style:normal;left:537.16px;top:99.8px;"><div style="display:inline-block;width:3.36px"> </div>million, to be recognized over a </div><div id="a15199" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.2px;">weighted average remaining period of </div><div id="a15199_37_3" style="position:absolute;left:210.853px;top:115.2px;">2.1</div><div id="a15199_40_7" style="position:absolute;font-weight:normal;font-style:normal;left:227.533px;top:115.2px;"><div style="display:inline-block;width:3.36px"> </div>years.</div></div><div id="TextBlockContainer108" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:721px;height:131px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a15214" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Performance Stock Units </div><div id="a15220" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">During the first six months of 2021, the Company granted<div style="display:inline-block;width:4.68px"> </div>performance-dependent stock awards (“PSUs”) as a component of<div style="display:inline-block;width:4.87px"> </div>its </div><div id="a15260" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.8px;">LTIP,<div style="display:inline-block;width:6.22px"> </div>which will be settled in a certain number of shares subject to market<div style="display:inline-block;width:1.64px"> </div>-based and time-based vesting conditions.<div style="display:inline-block;width:7.73px"> </div>The number of </div><div id="a15308" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">fully vested shares that may ultimately be issued as settlement<div style="display:inline-block;width:4.87px"> </div>for each award may range from </div><div id="a15308_94_1" style="position:absolute;left:510.599px;top:54.1px;">0</div><div id="a15308_95_8" style="position:absolute;font-weight:normal;font-style:normal;left:517.319px;top:54.1px;">% up to </div><div id="a15308_103_3" style="position:absolute;left:562.119px;top:54.1px;">200</div><div id="a15308_106_23" style="position:absolute;font-weight:normal;font-style:normal;left:582.119px;top:54.1px;">% of the target award, </div><div id="a15356" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">subject to the achievement of the Company’s<div style="display:inline-block;width:5.25px"> </div>total shareholder return (“TSR”) relative to the performance<div style="display:inline-block;width:4.8px"> </div>of the Company’s peer </div><div id="a15395" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.7px;">group, the S&amp;P Midcap 400 Materials group.<div style="display:inline-block;width:7.74px"> </div>The service period required for the PSUs is three years and the<div style="display:inline-block;width:4.83px"> </div>TSR measurement </div><div id="a15437" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">period for the PSUs is from January 1 of the year of grant<div style="display:inline-block;width:4.85px"> </div>through December 31 of the year prior to issuance of the shares upon </div><div id="a15490" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">settlement.</div></div><div id="TextBlockContainer110" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:726px;height:131px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a15492" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Compensation expense for PSUs is measured based on<div style="display:inline-block;width:4.74px"> </div>their grant date fair value and is recognized on a straight-line basis over </div><div id="a15536" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">the </div><div id="a15536_4_10" style="position:absolute;left:24.107px;top:15.2px;">three year</div><div id="a15536_14_122" style="position:absolute;font-weight:normal;font-style:normal;left:77.099px;top:15.2px;"><div style="display:inline-block;width:3.36px"> </div>vesting period.<div style="display:inline-block;width:6.83px"> </div>The grant-date fair value of the PSUs granted during<div style="display:inline-block;width:4.7px"> </div>the first six months of 2021 was estimated using a </div><div id="a15586" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">Monte Carlo simulation on the grant date and using the<div style="display:inline-block;width:4.78px"> </div>following assumptions: (i) a risk-free rate of </div><div id="a15586_102_4" style="position:absolute;left:541.799px;top:30.6px;">0.29</div><div id="a15586_106_28" style="position:absolute;font-weight:normal;font-style:normal;left:565.319px;top:30.6px;">%; (ii) an expected term of </div><div id="a15634" style="position:absolute;left:4.427px;top:45.9px;">3.0</div><div id="a15634_3_132" style="position:absolute;font-weight:normal;font-style:normal;left:21.227px;top:45.9px;"><div style="display:inline-block;width:3.36px"> </div>years; and (iii) a three year daily historical volatility for each of<div style="display:inline-block;width:4.75px"> </div>the companies in the peer group, including Quaker Houghton.<div style="display:inline-block;width:4.7px"> </div></div><div id="a15680" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:69.3px;">As of June 30, 2021, the Company estimates that it will issue<div style="display:inline-block;width:4.71px"> </div>approximately </div><div id="a15680_76_6" style="position:absolute;left:438.6px;top:69.3px;">14,698</div><div id="a15680_82_42" style="position:absolute;font-weight:normal;font-style:normal;left:475.24px;top:69.3px;"><div style="display:inline-block;width:3.36px"> </div>fully vested shares as of the applicable </div><div id="a15723" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">settlement date of all outstanding PSUs awards based on<div style="display:inline-block;width:4.81px"> </div>the conditions of the PSUs and performance to date for<div style="display:inline-block;width:4.73px"> </div>each award.<div style="display:inline-block;width:6.84px"> </div>As of </div><div id="a15770" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">June 30, 2021, there was approximately $</div><div id="a15770_40_3" style="position:absolute;left:226.733px;top:100px;">4.2</div><div id="a15770_43_84" style="position:absolute;font-weight:normal;font-style:normal;left:243.533px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million of total unrecognized compensation cost related to PSUs, which<div style="display:inline-block;width:4.79px"> </div>the Company </div><div id="a15808" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">expects to recognize over a weighted-average period<div style="display:inline-block;width:4.59px"> </div>of </div><div id="a15808_55_3" style="position:absolute;left:303.053px;top:115.4px;">2.3</div><div id="a15808_58_7" style="position:absolute;font-weight:normal;font-style:normal;left:319.693px;top:115.4px;"><div style="display:inline-block;width:3.2px"> </div>years.</div></div><div id="TextBlockContainer112" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:147px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a15830" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Annual Incentive Plan </div><div id="a15836" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The Company maintains an Annual Incentive Plan<div style="display:inline-block;width:4.7px"> </div>(“AIP”), which may be settled in cash or a certain number of<div style="display:inline-block;width:4.72px"> </div>shares subject to </div><div id="a15880" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">performance-based and time-based vesting conditions.<div style="display:inline-block;width:8.02px"> </div>As of June 30, 2020, it was the Company’s<div style="display:inline-block;width:5.03px"> </div>intention to settle the 2020 AIP in </div><div id="a15926" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54.1px;">shares, and therefore, expense associated with the AIP in<div style="display:inline-block;width:4.72px"> </div>2020 was recorded as a component of share-based compensation<div style="display:inline-block;width:4.86px"> </div>expense.<div style="display:inline-block;width:7.03px"> </div>In </div><div id="a15969" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.4px;">the fourth quarter of 2020, the Company determined that it<div style="display:inline-block;width:4.55px"> </div>would settle the 2020 AIP in cash.<div style="display:inline-block;width:7.53px"> </div>Therefore, the share-based </div><div id="a16011" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">compensation associated with the AIP during the year<div style="display:inline-block;width:4.72px"> </div>ended December 31, 2020 was reclassified from a component<div style="display:inline-block;width:4.72px"> </div>of share-based </div><div id="a16052" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">compensation expense to incentive compensation.<div style="display:inline-block;width:7.93px"> </div>This determination and conclusion had no impact on the<div style="display:inline-block;width:4.7px"> </div>classification of AIP </div><div id="a16086" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">expense within the Company’s<div style="display:inline-block;width:4.79px"> </div>Condensed Consolidated Statement of Operations for<div style="display:inline-block;width:4.77px"> </div>the periods as both are a component of SG&amp;A.<div style="display:inline-block;width:4.38px"> </div></div><div id="a16124" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">As of June 30, 2021, it is the Company’s<div style="display:inline-block;width:5.18px"> </div>intention to settle the 2021 AIP in cash.</div></div><div id="TextBlockContainer114" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:147px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a16159" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Defined Contribution Plan<div style="display:inline-block;width:3.88px"> </div></div><div id="a16166" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.2px;">The Company has a 401(k) plan with an employer<div style="display:inline-block;width:4.58px"> </div>match covering a majority of its U.S. employees.<div style="display:inline-block;width:7.97px"> </div>The Company matches </div><div id="a16166_117_2" style="position:absolute;left:694.479px;top:23.2px;">50</div><div id="a16166_119_2" style="position:absolute;font-weight:normal;font-style:normal;left:707.919px;top:23.2px;">% </div><div id="a16208" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.6px;">of the first </div><div id="a16208_13_1" style="position:absolute;left:63.499px;top:38.6px;">6</div><div id="a16208_14_91" style="position:absolute;font-weight:normal;font-style:normal;left:70.219px;top:38.6px;">% of compensation that is contributed to the plan, with a maximum<div style="display:inline-block;width:4.71px"> </div>matching contribution of </div><div id="a16208_105_1" style="position:absolute;left:568.52px;top:38.6px;">3</div><div id="a16208_106_20" style="position:absolute;font-weight:normal;font-style:normal;left:575.239px;top:38.6px;">% of compensation.<div style="display:inline-block;width:3.64px"> </div></div><div id="a16250" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:54px;">Additionally, the<div style="display:inline-block;width:4.65px"> </div>plan provides for non-elective nondiscretionary contributions<div style="display:inline-block;width:4.83px"> </div>on behalf of participants who have completed one year </div><div id="a16287" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">of service equal to </div><div id="a16287_20_1" style="position:absolute;left:106.053px;top:69.3px;">3</div><div id="a16287_21_110" style="position:absolute;font-weight:normal;font-style:normal;left:112.773px;top:69.3px;">% of the eligible participants’ compensation.<div style="display:inline-block;width:7.57px"> </div>Beginning in April 2020 and continuing through March 2021,<div style="display:inline-block;width:4.71px"> </div>the </div><div id="a16327" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.7px;">Company matched both non-elective and elective 401(k)<div style="display:inline-block;width:4.82px"> </div>contributions in fully vested shares of the Company’s<div style="display:inline-block;width:5.23px"> </div>common stock rather </div><div id="a16366" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">than cash.<div style="display:inline-block;width:7.09px"> </div>For the three months ended June 30, 2021, there were </div><div id="a16366_65_2" style="position:absolute;left:354.093px;top:100px;">no</div><div id="a16366_67_65" style="position:absolute;font-weight:normal;font-style:normal;left:367.533px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>matching contributions in stock.<div style="display:inline-block;width:7.44px"> </div>For the six months ended June </div><div id="a16414" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.2px;">30, 2021, total contributions were $</div><div id="a16414_36_3" style="position:absolute;left:194.533px;top:115.2px;">1.5</div><div id="a16414_39_93" style="position:absolute;font-weight:normal;font-style:normal;left:211.173px;top:115.2px;"><div style="display:inline-block;width:3.36px"> </div>million and for both the three and six months ended June 30, 2020,<div style="display:inline-block;width:4.88px"> </div>total contributions were </div><div id="a16462" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.6px;">$</div><div id="a16462_1_3" style="position:absolute;left:11.147px;top:130.6px;">1.2</div><div id="a16462_4_9" style="position:absolute;font-weight:normal;font-style:normal;left:27.947px;top:130.6px;"><div style="display:inline-block;width:3.36px"> </div>million.</div></div> <div id="TextBlockContainer95" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14337" style="position:absolute;font-weight:bold;font-style:normal;left:386.733px;top:0px;">Three Months Ended </div><div id="a14341" style="position:absolute;font-weight:bold;font-style:normal;left:581.84px;top:0px;">Six Months Ended </div><div id="a14345" style="position:absolute;font-weight:bold;font-style:normal;left:423.72px;top:17.1px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a14348" style="position:absolute;font-weight:bold;font-style:normal;left:610.8px;top:17.1px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a14352" style="position:absolute;font-weight:bold;font-style:normal;left:386.573px;top:34.1px;">2021 </div><div id="a14355" style="position:absolute;font-weight:bold;font-style:normal;left:481.64px;top:34.1px;">2020 </div><div id="a14358" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:34.1px;">2021 </div><div id="a14361" style="position:absolute;font-weight:bold;font-style:normal;left:667.76px;top:34.1px;">2020 </div><div id="a14363" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.1px;">Stock options </div><div id="a14365" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:51.1px;">$ </div><div id="a14367" style="position:absolute;left:417.64px;top:51.1px;">332</div><div id="a14370" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:51.1px;">$ </div><div id="a14372" style="position:absolute;left:512.68px;top:51.1px;">353</div><div id="a14375" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:51.1px;">$ </div><div id="a14377" style="position:absolute;left:605.68px;top:51.1px;">640</div><div id="a14380" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:51.1px;">$ </div><div id="a14382" style="position:absolute;left:698.64px;top:51.1px;">785</div><div id="a14384" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Non-vested stock awards and restricted stock units </div><div id="a14389" style="position:absolute;left:407.56px;top:68px;">1,290</div><div id="a14393" style="position:absolute;left:502.6px;top:68px;">1,259</div><div id="a14397" style="position:absolute;left:595.6px;top:68px;">2,686</div><div id="a14401" style="position:absolute;left:688.56px;top:68px;">2,523</div><div id="a14403" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.1px;">Non-elective and elective 401(k) matching contribution in<div style="display:inline-block;width:4.73px"> </div>stock </div><div id="a14408" style="position:absolute;left:424.36px;top:85.1px;">—</div><div id="a14412" style="position:absolute;left:502.6px;top:85.1px;">1,162</div><div id="a14416" style="position:absolute;left:595.6px;top:85.1px;">1,553</div><div id="a14420" style="position:absolute;left:688.56px;top:85.1px;">1,162</div><div id="a14422" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Director stock ownership plan </div><div id="a14425" style="position:absolute;left:417.64px;top:102.1px;">216</div><div id="a14429" style="position:absolute;left:519.4px;top:102.1px;">54</div><div id="a14433" style="position:absolute;left:605.68px;top:102.1px;">419</div><div id="a14437" style="position:absolute;left:705.36px;top:102.1px;">94</div><div id="a14439" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119.1px;">Performance stock units </div><div id="a14442" style="position:absolute;left:417.64px;top:119.1px;">517</div><div id="a14446" style="position:absolute;left:512.68px;top:119.1px;">280</div><div id="a14450" style="position:absolute;left:605.68px;top:119.1px;">836</div><div id="a14454" style="position:absolute;left:698.64px;top:119.1px;">280</div><div id="a14456" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Annual incentive plan </div><div id="a14459" style="position:absolute;left:424.36px;top:136px;">—</div><div id="a14463" style="position:absolute;left:507.72px;top:136px;">(117)</div><div id="a14467" style="position:absolute;left:612.4px;top:136px;">—</div><div id="a14471" style="position:absolute;left:688.56px;top:136px;">2,829</div><div id="a14473" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:154.1px;">Total share-based<div style="display:inline-block;width:4.86px"> </div>compensation expense </div><div id="a14477" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:154.1px;">$ </div><div id="a14479" style="position:absolute;left:407.56px;top:154.1px;">2,355</div><div id="a14482" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:154.1px;">$ </div><div id="a14484" style="position:absolute;left:502.6px;top:154.1px;">2,991</div><div id="a14487" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:154.1px;">$ </div><div id="a14489" style="position:absolute;left:595.6px;top:154.1px;">6,134</div><div id="a14492" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:154.1px;">$ </div><div id="a14494" style="position:absolute;left:688.56px;top:154.1px;">7,673</div></div> 332000 353000 640000 785000 1290000 1259000 2686000 2523000 0 1162000 1553000 1162000 216000 54000 419000 94000 517000 280000 836000 280000 0 -117000 0 2829000 2355000 2991000 6134000 7673000 200000 500000 300000 800000 <div id="TextBlockContainer102" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:436px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_100_XBRL_TS_cd75c0bafa2e4402a459e4591de4676c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer101" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:436px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a14740" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Number of options granted </div><div id="a14742" style="position:absolute;left:373.933px;top:0px;">25,250</div><div id="a14747" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.1px;">Dividend yield </div><div id="a14749" style="position:absolute;left:388.333px;top:17.1px;">0.85</div><div id="a14751" style="position:absolute;font-weight:normal;font-style:normal;left:416.493px;top:17.1px;">% </div><div id="a14755" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.1px;">Expected volatility </div><div id="a14757" style="position:absolute;left:381.613px;top:34.1px;">37.33</div><div id="a14759" style="position:absolute;font-weight:normal;font-style:normal;left:416.493px;top:34.1px;">% </div><div id="a14763" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Risk-free interest rate </div><div id="a14767" style="position:absolute;left:388.333px;top:51px;">0.60</div><div id="a14769" style="position:absolute;font-weight:normal;font-style:normal;left:416.493px;top:51px;">% </div><div id="a14773" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Expected term (years) </div><div id="a14775" style="position:absolute;left:395.053px;top:68px;">4.0</div></div></div></div> 25250 0.0085 0.3733 0.0060 P4Y 2400000 P2Y3M18D 17692 2791 P3Y 6300000 P1Y10M24D 1100000 P2Y1M6D 0 2 P3Y 0.0029 P3Y 14698 4200000 P2Y3M18D 0.50 0.06 0.03 0.03 0 1500000 1200000 1200000 <div id="TextBlockContainer116" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:671px;height:35px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a16516" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 9 – Pension and Other Postretirement<div style="display:inline-block;width:5.03px"> </div>Benefits </div><div id="a16532" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:19.4px;">The components of net periodic benefit cost for the<div style="display:inline-block;width:4.72px"> </div>three and six months ended June 30, 2021 and 2020 are as follows:</div></div><div id="TextBlockContainer119" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:204px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a16578" style="position:absolute;font-weight:bold;font-style:normal;left:222.253px;top:0px;">Three Months Ended June 30,<div style="display:inline-block;width:4.23px"> </div></div><div id="a16581" style="position:absolute;font-weight:bold;font-style:normal;left:510.44px;top:0px;">Six Months Ended June 30,<div style="display:inline-block;width:4.05px"> </div></div><div id="a16591" style="position:absolute;font-weight:bold;font-style:normal;left:361.453px;top:17px;">Other </div><div id="a16600" style="position:absolute;font-weight:bold;font-style:normal;left:641.52px;top:17px;">Other </div><div id="a16610" style="position:absolute;font-weight:bold;font-style:normal;left:335.853px;top:34.1px;">Postretirement </div><div id="a16619" style="position:absolute;font-weight:bold;font-style:normal;left:615.92px;top:34.1px;">Postretirement </div><div id="a16623" style="position:absolute;font-weight:bold;font-style:normal;left:191.493px;top:51px;">Pension Benefits </div><div id="a16626" style="position:absolute;font-weight:bold;font-style:normal;left:355.533px;top:51px;">Benefits </div><div id="a16629" style="position:absolute;font-weight:bold;font-style:normal;left:471.56px;top:51px;">Pension Benefits </div><div id="a16632" style="position:absolute;font-weight:bold;font-style:normal;left:635.6px;top:51px;">Benefits </div><div id="a16637" style="position:absolute;font-weight:bold;font-style:normal;left:195.173px;top:68px;">2021 </div><div id="a16641" style="position:absolute;font-weight:bold;font-style:normal;left:265.133px;top:68px;">2020 </div><div id="a16645" style="position:absolute;font-weight:bold;font-style:normal;left:335.213px;top:68px;">2021 </div><div id="a16649" style="position:absolute;font-weight:bold;font-style:normal;left:405.16px;top:68px;">2020 </div><div id="a16653" style="position:absolute;font-weight:bold;font-style:normal;left:475.24px;top:68px;">2021 </div><div id="a16657" style="position:absolute;font-weight:bold;font-style:normal;left:545.16px;top:68px;">2020 </div><div id="a16661" style="position:absolute;font-weight:bold;font-style:normal;left:615.28px;top:68px;">2021 </div><div id="a16665" style="position:absolute;font-weight:bold;font-style:normal;left:685.2px;top:68px;">2020 </div><div id="a16667" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Service cost </div><div id="a16669" style="position:absolute;font-weight:normal;font-style:normal;left:174.373px;top:85px;">$ </div><div id="a16671" style="position:absolute;left:208.613px;top:85px;">316</div><div id="a16674" style="position:absolute;font-weight:normal;font-style:normal;left:244.493px;top:85px;">$ </div><div id="a16676" style="position:absolute;left:268.493px;top:85px;">1,164</div><div id="a16679" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:85px;">$ </div><div id="a16681" style="position:absolute;left:361.933px;top:85px;">2</div><div id="a16684" style="position:absolute;font-weight:normal;font-style:normal;left:384.493px;top:85px;">$ </div><div id="a16686" style="position:absolute;left:431.88px;top:85px;">1</div><div id="a16689" style="position:absolute;font-weight:normal;font-style:normal;left:454.44px;top:85px;">$ </div><div id="a16691" style="position:absolute;left:488.68px;top:85px;">632</div><div id="a16694" style="position:absolute;font-weight:normal;font-style:normal;left:524.52px;top:85px;">$ </div><div id="a16696" style="position:absolute;left:548.52px;top:85px;">2,338</div><div id="a16699" style="position:absolute;font-weight:normal;font-style:normal;left:594.48px;top:85px;">$ </div><div id="a16701" style="position:absolute;left:642px;top:85px;">3</div><div id="a16704" style="position:absolute;font-weight:normal;font-style:normal;left:664.56px;top:85px;">$ </div><div id="a16706" style="position:absolute;left:711.92px;top:85px;">3</div><div id="a16708" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Interest cost </div><div id="a16711" style="position:absolute;left:198.533px;top:102.1px;">1,094</div><div id="a16715" style="position:absolute;left:268.493px;top:102.1px;">1,486</div><div id="a16719" style="position:absolute;left:355.373px;top:102.1px;">10</div><div id="a16723" style="position:absolute;left:425.32px;top:102.1px;">26</div><div id="a16727" style="position:absolute;left:478.6px;top:102.1px;">2,184</div><div id="a16731" style="position:absolute;left:548.52px;top:102.1px;">3,255</div><div id="a16735" style="position:absolute;left:635.44px;top:102.1px;">21</div><div id="a16739" style="position:absolute;left:705.36px;top:102.1px;">52</div><div id="a16741" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Expected return on plan assets </div><div id="a16744" style="position:absolute;left:193.733px;top:119px;">(2,093)</div><div id="a16748" style="position:absolute;left:263.693px;top:119px;">(1,761)</div><div id="a16752" style="position:absolute;left:355.373px;top:119px;">—</div><div id="a16756" style="position:absolute;left:425.32px;top:119px;">—</div><div id="a16760" style="position:absolute;left:473.8px;top:119px;">(4,175)</div><div id="a16764" style="position:absolute;left:543.72px;top:119px;">(3,720)</div><div id="a16768" style="position:absolute;left:635.44px;top:119px;">—</div><div id="a16772" style="position:absolute;left:705.36px;top:119px;">—</div><div id="a16774" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Settlement charge </div><div id="a16777" style="position:absolute;left:215.373px;top:136px;">—</div><div id="a16781" style="position:absolute;left:285.293px;top:136px;">—</div><div id="a16785" style="position:absolute;left:355.373px;top:136px;">—</div><div id="a16789" style="position:absolute;left:425.32px;top:136px;">—</div><div id="a16793" style="position:absolute;left:495.4px;top:136px;">—</div><div id="a16797" style="position:absolute;left:541.96px;top:136px;">22,667</div><div id="a16801" style="position:absolute;left:635.44px;top:136px;">—</div><div id="a16805" style="position:absolute;left:705.36px;top:136px;">—</div><div id="a16807" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Actuarial loss amortization </div><div id="a16810" style="position:absolute;left:208.613px;top:153px;">857</div><div id="a16814" style="position:absolute;left:278.573px;top:153px;">615</div><div id="a16818" style="position:absolute;left:355.373px;top:153px;">—</div><div id="a16822" style="position:absolute;left:425.32px;top:153px;">16</div><div id="a16826" style="position:absolute;left:478.6px;top:153px;">1,712</div><div id="a16830" style="position:absolute;left:548.52px;top:153px;">1,662</div><div id="a16834" style="position:absolute;left:635.44px;top:153px;">—</div><div id="a16838" style="position:absolute;left:705.36px;top:153px;">31</div><div id="a16840" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.1px;">Prior service cost amortization </div><div id="a16843" style="position:absolute;left:221.933px;top:170.1px;">3</div><div id="a16847" style="position:absolute;left:280.333px;top:170.1px;">(41)</div><div id="a16851" style="position:absolute;left:355.373px;top:170.1px;">—</div><div id="a16855" style="position:absolute;left:425.32px;top:170.1px;">—</div><div id="a16859" style="position:absolute;left:501.96px;top:170.1px;">5</div><div id="a16863" style="position:absolute;left:560.36px;top:170.1px;">(81)</div><div id="a16867" style="position:absolute;left:635.44px;top:170.1px;">—</div><div id="a16871" style="position:absolute;left:705.36px;top:170.1px;">—</div><div id="a16873" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:188.7px;">Net periodic benefit cost </div><div id="a16875" style="position:absolute;font-weight:normal;font-style:normal;left:174.373px;top:188.7px;">$ </div><div id="a16877" style="position:absolute;left:208.613px;top:188.7px;">177</div><div id="a16880" style="position:absolute;font-weight:normal;font-style:normal;left:244.493px;top:188.7px;">$ </div><div id="a16882" style="position:absolute;left:268.493px;top:188.7px;">1,463</div><div id="a16885" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:188.7px;">$ </div><div id="a16887" style="position:absolute;left:355.373px;top:188.7px;">12</div><div id="a16890" style="position:absolute;font-weight:normal;font-style:normal;left:384.493px;top:188.7px;">$ </div><div id="a16892" style="position:absolute;left:425.32px;top:188.7px;">43</div><div id="a16895" style="position:absolute;font-weight:normal;font-style:normal;left:454.44px;top:188.7px;">$ </div><div id="a16897" style="position:absolute;left:488.68px;top:188.7px;">358</div><div id="a16900" style="position:absolute;font-weight:normal;font-style:normal;left:524.52px;top:188.7px;">$ </div><div id="a16902" style="position:absolute;left:541.96px;top:188.7px;">26,121</div><div id="a16905" style="position:absolute;font-weight:normal;font-style:normal;left:594.48px;top:188.7px;">$ </div><div id="a16907" style="position:absolute;left:635.44px;top:188.7px;">24</div><div id="a16910" style="position:absolute;font-weight:normal;font-style:normal;left:664.56px;top:188.7px;">$ </div><div id="a16912" style="position:absolute;left:705.36px;top:188.7px;">86</div></div><div id="TextBlockContainer122" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a16914" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As disclosed in the Company’s<div style="display:inline-block;width:4.79px"> </div>2020 Form 10-K, in the fourth quarter of 2018, the<div style="display:inline-block;width:4.7px"> </div>Company began the process of terminating its </div><div id="a16960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">legacy Quaker non-contributory U.S. pension plan<div style="display:inline-block;width:4.59px"> </div>(“Legacy Quaker U.S. Pension Plan”).<div style="display:inline-block;width:7.51px"> </div>During the third quarter of 2019, the </div><div id="a17001" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Company received a favorable termination determination<div style="display:inline-block;width:4.81px"> </div>letter from the Internal Revenue Service (“I.R.S.”) and completed the </div><div id="a17033" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">Legacy Quaker U.S. Pension Plan termination during the<div style="display:inline-block;width:4.79px"> </div>first quarter of 2020.<div style="display:inline-block;width:7.09px"> </div>In order to terminate the Legacy Quaker U.S. Pension </div><div id="a17075" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">Plan in accordance with I.R.S. and Pension Benefit Guaranty Corporation<div style="display:inline-block;width:5.06px"> </div>requirements, the Company was required to fully fund the </div><div id="a17113" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">Legacy Quaker U.S. Pension Plan on a termination basis<div style="display:inline-block;width:4.71px"> </div>and the amount necessary to do so was approximately $</div><div id="a17113_108_3" style="position:absolute;left:607.44px;top:76.6px;">1.8</div><div id="a17113_111_21" style="position:absolute;font-weight:normal;font-style:normal;left:624.24px;top:76.6px;"><div style="display:inline-block;width:3.36px"> </div>million, subject to </div><div id="a17159" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">final true up adjustments,<div style="display:inline-block;width:4.08px"> </div>which were completed in the third quarter of 2020.<div style="display:inline-block;width:7.84px"> </div>In addition, the Company recorded a non-cash pension </div><div id="a17206" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">settlement charge at plan termination of<div style="display:inline-block;width:4.69px"> </div>approximately $</div><div id="a17206_56_4" style="position:absolute;left:307.053px;top:107.4px;">22.7</div><div id="a17206_60_74" style="position:absolute;font-weight:normal;font-style:normal;left:330.413px;top:107.4px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.95px"> </div>This settlement charge included the immediate recognition<div style="display:inline-block;width:4.97px"> </div>into </div><div id="a17242" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">expense of the related unrecognized losses within accumulated<div style="display:inline-block;width:4.91px"> </div>other comprehensive (loss) income (“AOCI”) on the balance<div style="display:inline-block;width:4.77px"> </div>sheet as </div><div id="a17279" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.1px;">of the plan termination date.</div></div><div id="TextBlockContainer124" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:725px;height:83px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a17291" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Employer Contributions </div><div id="a17295" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.6px;">As of June 30, 2021, $</div><div id="a17295_22_3" style="position:absolute;left:148.933px;top:20.6px;">2.1</div><div id="a17295_25_14" style="position:absolute;font-weight:normal;font-style:normal;left:165.573px;top:20.6px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a17295_39_3" style="position:absolute;left:240.173px;top:20.6px;">0.1</div><div id="a17295_42_83" style="position:absolute;font-weight:normal;font-style:normal;left:256.813px;top:20.6px;"><div style="display:inline-block;width:3.36px"> </div>million of contributions have been made to the Company’s<div style="display:inline-block;width:5.48px"> </div>U.S. and foreign pension </div><div id="a17340" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:36px;">plans and its other postretirement benefit plans, respectively<div style="display:inline-block;width:1.5px"> </div>.<div style="display:inline-block;width:6.6px"> </div>Taking into consideration<div style="display:inline-block;width:4.98px"> </div>current minimum cash contribution </div><div id="a17372" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.2px;">requirements, the Company currently expects to make<div style="display:inline-block;width:4.64px"> </div>full year cash contributions of approximately $</div><div id="a17372_99_1" style="position:absolute;left:546.759px;top:51.2px;">6</div><div id="a17372_100_33" style="position:absolute;font-weight:normal;font-style:normal;left:553.48px;top:51.2px;"><div style="display:inline-block;width:3.2px"> </div>million to its U.S. and foreign </div><div id="a17412" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.6px;">pension plans and less than $</div><div id="a17412_29_1" style="position:absolute;left:159.813px;top:66.6px;">1</div><div id="a17412_30_58" style="position:absolute;font-weight:normal;font-style:normal;left:166.373px;top:66.6px;"><div style="display:inline-block;width:3.36px"> </div>million to its other postretirement benefit plans in 2021</div></div> <div id="TextBlockContainer120" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:204px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_118_XBRL_TS_538c7687e35a42a7ae9d6c4ac3774b02" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer119" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:204px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a16578" style="position:absolute;font-weight:bold;font-style:normal;left:222.253px;top:0px;">Three Months Ended June 30,<div style="display:inline-block;width:4.23px"> </div></div><div id="a16581" style="position:absolute;font-weight:bold;font-style:normal;left:510.44px;top:0px;">Six Months Ended June 30,<div style="display:inline-block;width:4.05px"> </div></div><div id="a16591" style="position:absolute;font-weight:bold;font-style:normal;left:361.453px;top:17px;">Other </div><div id="a16600" style="position:absolute;font-weight:bold;font-style:normal;left:641.52px;top:17px;">Other </div><div id="a16610" style="position:absolute;font-weight:bold;font-style:normal;left:335.853px;top:34.1px;">Postretirement </div><div id="a16619" style="position:absolute;font-weight:bold;font-style:normal;left:615.92px;top:34.1px;">Postretirement </div><div id="a16623" style="position:absolute;font-weight:bold;font-style:normal;left:191.493px;top:51px;">Pension Benefits </div><div id="a16626" style="position:absolute;font-weight:bold;font-style:normal;left:355.533px;top:51px;">Benefits </div><div id="a16629" style="position:absolute;font-weight:bold;font-style:normal;left:471.56px;top:51px;">Pension Benefits </div><div id="a16632" style="position:absolute;font-weight:bold;font-style:normal;left:635.6px;top:51px;">Benefits </div><div id="a16637" style="position:absolute;font-weight:bold;font-style:normal;left:195.173px;top:68px;">2021 </div><div id="a16641" style="position:absolute;font-weight:bold;font-style:normal;left:265.133px;top:68px;">2020 </div><div id="a16645" style="position:absolute;font-weight:bold;font-style:normal;left:335.213px;top:68px;">2021 </div><div id="a16649" style="position:absolute;font-weight:bold;font-style:normal;left:405.16px;top:68px;">2020 </div><div id="a16653" style="position:absolute;font-weight:bold;font-style:normal;left:475.24px;top:68px;">2021 </div><div id="a16657" style="position:absolute;font-weight:bold;font-style:normal;left:545.16px;top:68px;">2020 </div><div id="a16661" style="position:absolute;font-weight:bold;font-style:normal;left:615.28px;top:68px;">2021 </div><div id="a16665" style="position:absolute;font-weight:bold;font-style:normal;left:685.2px;top:68px;">2020 </div><div id="a16667" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85px;">Service cost </div><div id="a16669" style="position:absolute;font-weight:normal;font-style:normal;left:174.373px;top:85px;">$ </div><div id="a16671" style="position:absolute;left:208.613px;top:85px;">316</div><div id="a16674" style="position:absolute;font-weight:normal;font-style:normal;left:244.493px;top:85px;">$ </div><div id="a16676" style="position:absolute;left:268.493px;top:85px;">1,164</div><div id="a16679" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:85px;">$ </div><div id="a16681" style="position:absolute;left:361.933px;top:85px;">2</div><div id="a16684" style="position:absolute;font-weight:normal;font-style:normal;left:384.493px;top:85px;">$ </div><div id="a16686" style="position:absolute;left:431.88px;top:85px;">1</div><div id="a16689" style="position:absolute;font-weight:normal;font-style:normal;left:454.44px;top:85px;">$ </div><div id="a16691" style="position:absolute;left:488.68px;top:85px;">632</div><div id="a16694" style="position:absolute;font-weight:normal;font-style:normal;left:524.52px;top:85px;">$ </div><div id="a16696" style="position:absolute;left:548.52px;top:85px;">2,338</div><div id="a16699" style="position:absolute;font-weight:normal;font-style:normal;left:594.48px;top:85px;">$ </div><div id="a16701" style="position:absolute;left:642px;top:85px;">3</div><div id="a16704" style="position:absolute;font-weight:normal;font-style:normal;left:664.56px;top:85px;">$ </div><div id="a16706" style="position:absolute;left:711.92px;top:85px;">3</div><div id="a16708" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.1px;">Interest cost </div><div id="a16711" style="position:absolute;left:198.533px;top:102.1px;">1,094</div><div id="a16715" style="position:absolute;left:268.493px;top:102.1px;">1,486</div><div id="a16719" style="position:absolute;left:355.373px;top:102.1px;">10</div><div id="a16723" style="position:absolute;left:425.32px;top:102.1px;">26</div><div id="a16727" style="position:absolute;left:478.6px;top:102.1px;">2,184</div><div id="a16731" style="position:absolute;left:548.52px;top:102.1px;">3,255</div><div id="a16735" style="position:absolute;left:635.44px;top:102.1px;">21</div><div id="a16739" style="position:absolute;left:705.36px;top:102.1px;">52</div><div id="a16741" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:119px;">Expected return on plan assets </div><div id="a16744" style="position:absolute;left:193.733px;top:119px;">(2,093)</div><div id="a16748" style="position:absolute;left:263.693px;top:119px;">(1,761)</div><div id="a16752" style="position:absolute;left:355.373px;top:119px;">—</div><div id="a16756" style="position:absolute;left:425.32px;top:119px;">—</div><div id="a16760" style="position:absolute;left:473.8px;top:119px;">(4,175)</div><div id="a16764" style="position:absolute;left:543.72px;top:119px;">(3,720)</div><div id="a16768" style="position:absolute;left:635.44px;top:119px;">—</div><div id="a16772" style="position:absolute;left:705.36px;top:119px;">—</div><div id="a16774" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:136px;">Settlement charge </div><div id="a16777" style="position:absolute;left:215.373px;top:136px;">—</div><div id="a16781" style="position:absolute;left:285.293px;top:136px;">—</div><div id="a16785" style="position:absolute;left:355.373px;top:136px;">—</div><div id="a16789" style="position:absolute;left:425.32px;top:136px;">—</div><div id="a16793" style="position:absolute;left:495.4px;top:136px;">—</div><div id="a16797" style="position:absolute;left:541.96px;top:136px;">22,667</div><div id="a16801" style="position:absolute;left:635.44px;top:136px;">—</div><div id="a16805" style="position:absolute;left:705.36px;top:136px;">—</div><div id="a16807" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Actuarial loss amortization </div><div id="a16810" style="position:absolute;left:208.613px;top:153px;">857</div><div id="a16814" style="position:absolute;left:278.573px;top:153px;">615</div><div id="a16818" style="position:absolute;left:355.373px;top:153px;">—</div><div id="a16822" style="position:absolute;left:425.32px;top:153px;">16</div><div id="a16826" style="position:absolute;left:478.6px;top:153px;">1,712</div><div id="a16830" style="position:absolute;left:548.52px;top:153px;">1,662</div><div id="a16834" style="position:absolute;left:635.44px;top:153px;">—</div><div id="a16838" style="position:absolute;left:705.36px;top:153px;">31</div><div id="a16840" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.1px;">Prior service cost amortization </div><div id="a16843" style="position:absolute;left:221.933px;top:170.1px;">3</div><div id="a16847" style="position:absolute;left:280.333px;top:170.1px;">(41)</div><div id="a16851" style="position:absolute;left:355.373px;top:170.1px;">—</div><div id="a16855" style="position:absolute;left:425.32px;top:170.1px;">—</div><div id="a16859" style="position:absolute;left:501.96px;top:170.1px;">5</div><div id="a16863" style="position:absolute;left:560.36px;top:170.1px;">(81)</div><div id="a16867" style="position:absolute;left:635.44px;top:170.1px;">—</div><div id="a16871" style="position:absolute;left:705.36px;top:170.1px;">—</div><div id="a16873" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:188.7px;">Net periodic benefit cost </div><div id="a16875" style="position:absolute;font-weight:normal;font-style:normal;left:174.373px;top:188.7px;">$ </div><div id="a16877" style="position:absolute;left:208.613px;top:188.7px;">177</div><div id="a16880" style="position:absolute;font-weight:normal;font-style:normal;left:244.493px;top:188.7px;">$ </div><div id="a16882" style="position:absolute;left:268.493px;top:188.7px;">1,463</div><div id="a16885" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:188.7px;">$ </div><div id="a16887" style="position:absolute;left:355.373px;top:188.7px;">12</div><div id="a16890" style="position:absolute;font-weight:normal;font-style:normal;left:384.493px;top:188.7px;">$ </div><div id="a16892" style="position:absolute;left:425.32px;top:188.7px;">43</div><div id="a16895" style="position:absolute;font-weight:normal;font-style:normal;left:454.44px;top:188.7px;">$ </div><div id="a16897" style="position:absolute;left:488.68px;top:188.7px;">358</div><div id="a16900" style="position:absolute;font-weight:normal;font-style:normal;left:524.52px;top:188.7px;">$ </div><div id="a16902" style="position:absolute;left:541.96px;top:188.7px;">26,121</div><div id="a16905" style="position:absolute;font-weight:normal;font-style:normal;left:594.48px;top:188.7px;">$ </div><div id="a16907" style="position:absolute;left:635.44px;top:188.7px;">24</div><div id="a16910" style="position:absolute;font-weight:normal;font-style:normal;left:664.56px;top:188.7px;">$ </div><div id="a16912" style="position:absolute;left:705.36px;top:188.7px;">86</div></div></div></div> 316000 1164000 2000 1000 632000 2338000 3000 3000 1094000 1486000 10000 26000 2184000 3255000 21000 52000 2093000 1761000 0 0 4175000 3720000 0 0 0 0 0 0 0 -22667000 0 0 -857000 -615000 0 -16000 -1712000 -1662000 0 -31000 3000 -41000 0 0 5000 -81000 0 0 177000 1463000 12000 43000 358000 26121000 24000 86000 1800000 22700000 2100000 100000 6000000 1000000 <div id="TextBlockContainer126" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:694px;height:36px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a17443" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 10 – Other Income (Expense), Net</div><div id="a17456" style="position:absolute;font-weight:normal;font-style:normal;left:227.053px;top:0px;"> </div><div id="a17457" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:20.6px;">The components of other income (expense), net, for<div style="display:inline-block;width:4.76px"> </div>the three and six months ended June 30, 2021 and 2020 are as follows:</div></div><div id="TextBlockContainer130" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_128_XBRL_TS_0140e58fa29b426da51e6803a5fe8267" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer129" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a17503" style="position:absolute;font-weight:bold;font-style:normal;left:388.013px;top:0px;">Three Months Ended </div><div id="a17506" style="position:absolute;font-weight:bold;font-style:normal;left:583.12px;top:0px;">Six Months Ended </div><div id="a17510" style="position:absolute;font-weight:bold;font-style:normal;left:425px;top:17.6px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a17513" style="position:absolute;font-weight:bold;font-style:normal;left:612.08px;top:17.6px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a17517" style="position:absolute;font-weight:bold;font-style:normal;left:387.853px;top:35.2px;">2021 </div><div id="a17520" style="position:absolute;font-weight:bold;font-style:normal;left:482.92px;top:35.2px;">2020 </div><div id="a17523" style="position:absolute;font-weight:bold;font-style:normal;left:575.92px;top:35.2px;">2021 </div><div id="a17526" style="position:absolute;font-weight:bold;font-style:normal;left:668.88px;top:35.2px;">2020 </div><div id="a17528" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Income from third party license fees </div><div id="a17530" style="position:absolute;font-weight:normal;font-style:normal;left:361.453px;top:52.8px;">$ </div><div id="a17532" style="position:absolute;left:417px;top:52.8px;">373</div><div id="a17535" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:52.8px;">$ </div><div id="a17537" style="position:absolute;left:512.04px;top:52.8px;">208</div><div id="a17540" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:52.8px;">$ </div><div id="a17542" style="position:absolute;left:605.04px;top:52.8px;">712</div><div id="a17545" style="position:absolute;font-weight:normal;font-style:normal;left:642.48px;top:52.8px;">$ </div><div id="a17547" style="position:absolute;left:698.16px;top:52.8px;">512</div><div id="a17549" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Foreign exchange losses, net </div><div id="a17552" style="position:absolute;left:412.04px;top:70.4px;">(838)</div><div id="a17556" style="position:absolute;left:497.16px;top:70.4px;">(2,004)</div><div id="a17560" style="position:absolute;left:590.16px;top:70.4px;">(2,316)</div><div id="a17564" style="position:absolute;left:683.28px;top:70.4px;">(1,183)</div><div id="a17566" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:89.6px;">Gain (loss) on disposals of property,<div style="display:inline-block;width:5.22px"> </div>plant, equipment and other </div><div id="a17581" style="position:absolute;font-weight:normal;font-style:normal;left:13.387px;top:106.6px;">assets, net </div><div id="a17584" style="position:absolute;left:418.76px;top:106.6px;">(54)</div><div id="a17588" style="position:absolute;left:513.8px;top:106.6px;">(83)</div><div id="a17592" style="position:absolute;left:594.96px;top:106.6px;">5,356</div><div id="a17596" style="position:absolute;left:699.92px;top:106.6px;">(81)</div><div id="a17598" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:124.2px;">Non-income tax refunds and other related credits </div><div id="a17604" style="position:absolute;left:400.36px;top:124.2px;">14,295</div><div id="a17608" style="position:absolute;left:512.04px;top:124.2px;">832</div><div id="a17612" style="position:absolute;left:588.4px;top:124.2px;">14,392</div><div id="a17616" style="position:absolute;left:688.08px;top:124.2px;">2,131</div><div id="a17618" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.8px;">Pension and postretirement benefit income (costs),<div style="display:inline-block;width:4.61px"> </div></div><div id="a17631" style="position:absolute;font-weight:normal;font-style:normal;left:13.387px;top:159.4px;">non-service components </div><div id="a17636" style="position:absolute;left:417px;top:159.4px;">129</div><div id="a17640" style="position:absolute;left:507.08px;top:159.4px;">(341)</div><div id="a17644" style="position:absolute;left:605.04px;top:159.4px;">253</div><div id="a17648" style="position:absolute;left:676.56px;top:159.4px;">(23,866)</div><div id="a17650" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177px;">Other non-operating income, net </div><div id="a17655" style="position:absolute;left:417px;top:177px;">105</div><div id="a17659" style="position:absolute;left:512.04px;top:177px;">395</div><div id="a17663" style="position:absolute;left:605.04px;top:177px;">300</div><div id="a17667" style="position:absolute;left:698.16px;top:177px;">319</div><div id="a17669" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:194px;">Total other<div style="display:inline-block;width:4.7px"> </div>income (expense), net </div><div id="a17672" style="position:absolute;font-weight:normal;font-style:normal;left:361.453px;top:194px;">$ </div><div id="a17674" style="position:absolute;left:400.36px;top:194px;">14,010</div><div id="a17677" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:194px;">$ </div><div id="a17679" style="position:absolute;left:507.08px;top:194px;">(993)</div><div id="a17682" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:194px;">$ </div><div id="a17684" style="position:absolute;left:588.4px;top:194px;">18,697</div><div id="a17687" style="position:absolute;font-weight:normal;font-style:normal;left:642.48px;top:194px;">$ </div><div id="a17689" style="position:absolute;left:676.56px;top:194px;">(22,168)</div></div></div></div><div id="TextBlockContainer132" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:723px;height:108px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a17691" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Gain (loss) on disposals of property,<div style="display:inline-block;width:5.29px"> </div>plant, equipment and other assets, net, during the six months<div style="display:inline-block;width:4.85px"> </div>ended June 30, 2021, </div><div id="a17734" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">includes the gain on the sale of certain held-for-sale<div style="display:inline-block;width:4.77px"> </div>real property assets related to the Combination.<div style="display:inline-block;width:7.77px"> </div>Non-income tax refunds and </div><div id="a17780" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">other related credits during the three and six months ended<div style="display:inline-block;width:4.93px"> </div>June 30, 2021 includes $</div><div id="a17780_84_4" style="position:absolute;left:453.16px;top:30.7px;">13.3</div><div id="a17780_88_43" style="position:absolute;font-weight:normal;font-style:normal;left:476.52px;top:30.7px;"><div style="display:inline-block;width:3.2px"> </div>million related to certain non-income tax </div><div id="a17826" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">credits for the Company’s<div style="display:inline-block;width:4.7px"> </div>Brazilian subsidiaries described in Note 19 of Notes<div style="display:inline-block;width:4.7px"> </div>to Condensed Consolidated Financial Statements.<div style="display:inline-block;width:4.32px"> </div></div><div id="a17862" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">Pension and postretirement benefit costs, non-service components<div style="display:inline-block;width:4.86px"> </div>during the six months ended June 30, 2020 includes<div style="display:inline-block;width:4.7px"> </div>$</div><div id="a17862_117_4" style="position:absolute;left:646.8px;top:61.4px;">22.7</div><div id="a17862_121_9" style="position:absolute;font-weight:normal;font-style:normal;left:670.16px;top:61.4px;"><div style="display:inline-block;width:3.36px"> </div>million </div><div id="a17902" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.8px;">related to the Legacy Quaker U.S. Pension Plan non<div style="display:inline-block;width:1.39px"> </div>-cash settlement charge described in Note 9 of Notes to<div style="display:inline-block;width:4.8px"> </div>Condensed Consolidated </div><div id="a17946" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92.2px;">Financial Statements.</div></div> <div id="TextBlockContainer129" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a17503" style="position:absolute;font-weight:bold;font-style:normal;left:388.013px;top:0px;">Three Months Ended </div><div id="a17506" style="position:absolute;font-weight:bold;font-style:normal;left:583.12px;top:0px;">Six Months Ended </div><div id="a17510" style="position:absolute;font-weight:bold;font-style:normal;left:425px;top:17.6px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a17513" style="position:absolute;font-weight:bold;font-style:normal;left:612.08px;top:17.6px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a17517" style="position:absolute;font-weight:bold;font-style:normal;left:387.853px;top:35.2px;">2021 </div><div id="a17520" style="position:absolute;font-weight:bold;font-style:normal;left:482.92px;top:35.2px;">2020 </div><div id="a17523" style="position:absolute;font-weight:bold;font-style:normal;left:575.92px;top:35.2px;">2021 </div><div id="a17526" style="position:absolute;font-weight:bold;font-style:normal;left:668.88px;top:35.2px;">2020 </div><div id="a17528" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Income from third party license fees </div><div id="a17530" style="position:absolute;font-weight:normal;font-style:normal;left:361.453px;top:52.8px;">$ </div><div id="a17532" style="position:absolute;left:417px;top:52.8px;">373</div><div id="a17535" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:52.8px;">$ </div><div id="a17537" style="position:absolute;left:512.04px;top:52.8px;">208</div><div id="a17540" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:52.8px;">$ </div><div id="a17542" style="position:absolute;left:605.04px;top:52.8px;">712</div><div id="a17545" style="position:absolute;font-weight:normal;font-style:normal;left:642.48px;top:52.8px;">$ </div><div id="a17547" style="position:absolute;left:698.16px;top:52.8px;">512</div><div id="a17549" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Foreign exchange losses, net </div><div id="a17552" style="position:absolute;left:412.04px;top:70.4px;">(838)</div><div id="a17556" style="position:absolute;left:497.16px;top:70.4px;">(2,004)</div><div id="a17560" style="position:absolute;left:590.16px;top:70.4px;">(2,316)</div><div id="a17564" style="position:absolute;left:683.28px;top:70.4px;">(1,183)</div><div id="a17566" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:89.6px;">Gain (loss) on disposals of property,<div style="display:inline-block;width:5.22px"> </div>plant, equipment and other </div><div id="a17581" style="position:absolute;font-weight:normal;font-style:normal;left:13.387px;top:106.6px;">assets, net </div><div id="a17584" style="position:absolute;left:418.76px;top:106.6px;">(54)</div><div id="a17588" style="position:absolute;left:513.8px;top:106.6px;">(83)</div><div id="a17592" style="position:absolute;left:594.96px;top:106.6px;">5,356</div><div id="a17596" style="position:absolute;left:699.92px;top:106.6px;">(81)</div><div id="a17598" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:124.2px;">Non-income tax refunds and other related credits </div><div id="a17604" style="position:absolute;left:400.36px;top:124.2px;">14,295</div><div id="a17608" style="position:absolute;left:512.04px;top:124.2px;">832</div><div id="a17612" style="position:absolute;left:588.4px;top:124.2px;">14,392</div><div id="a17616" style="position:absolute;left:688.08px;top:124.2px;">2,131</div><div id="a17618" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:141.8px;">Pension and postretirement benefit income (costs),<div style="display:inline-block;width:4.61px"> </div></div><div id="a17631" style="position:absolute;font-weight:normal;font-style:normal;left:13.387px;top:159.4px;">non-service components </div><div id="a17636" style="position:absolute;left:417px;top:159.4px;">129</div><div id="a17640" style="position:absolute;left:507.08px;top:159.4px;">(341)</div><div id="a17644" style="position:absolute;left:605.04px;top:159.4px;">253</div><div id="a17648" style="position:absolute;left:676.56px;top:159.4px;">(23,866)</div><div id="a17650" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:177px;">Other non-operating income, net </div><div id="a17655" style="position:absolute;left:417px;top:177px;">105</div><div id="a17659" style="position:absolute;left:512.04px;top:177px;">395</div><div id="a17663" style="position:absolute;left:605.04px;top:177px;">300</div><div id="a17667" style="position:absolute;left:698.16px;top:177px;">319</div><div id="a17669" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:194px;">Total other<div style="display:inline-block;width:4.7px"> </div>income (expense), net </div><div id="a17672" style="position:absolute;font-weight:normal;font-style:normal;left:361.453px;top:194px;">$ </div><div id="a17674" style="position:absolute;left:400.36px;top:194px;">14,010</div><div id="a17677" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:194px;">$ </div><div id="a17679" style="position:absolute;left:507.08px;top:194px;">(993)</div><div id="a17682" style="position:absolute;font-weight:normal;font-style:normal;left:549.48px;top:194px;">$ </div><div id="a17684" style="position:absolute;left:588.4px;top:194px;">18,697</div><div id="a17687" style="position:absolute;font-weight:normal;font-style:normal;left:642.48px;top:194px;">$ </div><div id="a17689" style="position:absolute;left:676.56px;top:194px;">(22,168)</div></div> 373000 208000 712000 512000 -838000 -2004000 -2316000 -1183000 -54000 -83000 5356000 -81000 14295000 832000 14392000 2131000 129000 -341000 253000 -23866000 105000 395000 300000 319000 14010000 -993000 18697000 -22168000 13300000 22700000 <div id="TextBlockContainer134" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:864px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a17999" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 11 – Income Taxes<div style="display:inline-block;width:6.03px"> </div>and Uncertain Income Tax<div style="display:inline-block;width:5.07px"> </div>Positions </div><div id="a18019" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The Company’s effective<div style="display:inline-block;width:5.08px"> </div>tax rates for the three and six months ended June 30, 2021 were<div style="display:inline-block;width:4.77px"> </div>an expense of </div><div id="a18019_102_4" style="position:absolute;left:587.119px;top:23.4px;">32.2</div><div id="a18019_106_6" style="position:absolute;font-weight:normal;font-style:normal;left:610.479px;top:23.4px;">% and </div><div id="a18019_112_4" style="position:absolute;left:647.439px;top:23.4px;">28.4</div><div id="a18019_116_3" style="position:absolute;font-weight:normal;font-style:normal;left:670.639px;top:23.4px;">%, </div><div id="a18063" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">respectively, compared<div style="display:inline-block;width:4.94px"> </div>to an expense of </div><div id="a18063_40_4" style="position:absolute;left:221.933px;top:38.7px;">57.9</div><div id="a18063_44_19" style="position:absolute;font-weight:normal;font-style:normal;left:245.293px;top:38.7px;">% and a benefit of </div><div id="a18063_63_4" style="position:absolute;left:346.413px;top:38.7px;">20.7</div><div id="a18063_67_67" style="position:absolute;font-weight:normal;font-style:normal;left:369.773px;top:38.7px;">% for the three and six months ended June 30, 2020, respectively.<div style="display:inline-block;width:5.71px"> </div></div><div id="a18111" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">The Company’s current<div style="display:inline-block;width:4.72px"> </div>year effective tax rates were largely<div style="display:inline-block;width:4.58px"> </div>impacted by the sale of certain held-for-sale real<div style="display:inline-block;width:4.78px"> </div>property assets related to </div><div id="a18158" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">the Combination,<div style="display:inline-block;width:3.97px"> </div>changes in foreign tax credit valuation allowances, tax law changes<div style="display:inline-block;width:4.78px"> </div>in a foreign jurisdiction and the income tax </div><div id="a18200" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">impacts of certain non-income tax credits recorded<div style="display:inline-block;width:4.55px"> </div>by the Company’s Brazilian<div style="display:inline-block;width:4.83px"> </div>subsidiaries described in Note 19 of Notes to </div><div id="a18240" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">Condensed Consolidated Financial Statements.<div style="display:inline-block;width:7.76px"> </div>Comparatively, the prior<div style="display:inline-block;width:4.85px"> </div>year effective tax rates were impacted by the<div style="display:inline-block;width:4.72px"> </div>tax effect of </div><div id="a18277" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">certain one-time pre-tax losses as well as certain tax charges<div style="display:inline-block;width:5px"> </div>and benefits in the prior year period including those related<div style="display:inline-block;width:4.87px"> </div>to changes in </div><div id="a18327" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">foreign tax credit valuation allowances, tax law changes in<div style="display:inline-block;width:4.79px"> </div>a foreign jurisdiction, changes in uncertain tax positions and<div style="display:inline-block;width:4.7px"> </div>the tax </div><div id="a18368" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:146.1px;">impacts of the Company’s<div style="display:inline-block;width:4.82px"> </div>termination of its Legacy Quaker U.S. Pension Plan. </div><div id="a18392" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:166.7px;">As of December 31, 2020, the Company had a deferred<div style="display:inline-block;width:4.72px"> </div>tax liability of $</div><div id="a18392_70_3" style="position:absolute;left:412.519px;top:166.7px;">5.9</div><div id="a18392_73_51" style="position:absolute;font-weight:normal;font-style:normal;left:429.319px;top:166.7px;"><div style="display:inline-block;width:3.36px"> </div>million, which primarily represents the Company’s </div><div id="a18432" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:181.9px;">estimate of non-U.S. taxes it will incur to repatriate<div style="display:inline-block;width:4.77px"> </div>certain foreign earnings to the U.S.<div style="display:inline-block;width:7.4px"> </div>The balance as of June 30, 2021 was $</div><div id="a18432_130_3" style="position:absolute;left:681.199px;top:181.9px;">6.5</div><div id="a18432_133_1" style="position:absolute;font-weight:normal;font-style:normal;left:697.999px;top:181.9px;"> </div><div id="a18484" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:197.3px;">million.<div style="display:inline-block;width:3.46px"> </div></div><div id="a18487" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:218px;">As of June 30, 2021, the Company’s<div style="display:inline-block;width:5.02px"> </div>cumulative liability for gross unrecognized tax benefits was $</div><div id="a18487_97_4" style="position:absolute;left:555.24px;top:218px;">24.0</div><div id="a18487_101_25" style="position:absolute;font-weight:normal;font-style:normal;left:578.8px;top:218px;"><div style="display:inline-block;width:3.36px"> </div>million, an increase of </div><div id="a18529" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:233.3px;">$</div><div id="a18529_1_3" style="position:absolute;left:11.147px;top:233.3px;">1.8</div><div id="a18529_4_73" style="position:absolute;font-weight:normal;font-style:normal;left:27.946px;top:233.3px;"><div style="display:inline-block;width:3.36px"> </div>million from the cumulative liability accrued as of December 31, 2020.<div style="display:inline-block;width:4.61px"> </div></div><div id="a18557" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:254px;">The Company continues to recognize interest and penalties<div style="display:inline-block;width:4.8px"> </div>associated with uncertain tax positions as a component of<div style="display:inline-block;width:4.78px"> </div>taxes on </div><div id="a18595" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:269.3px;">income (loss) before equity in net income of associated<div style="display:inline-block;width:4.77px"> </div>companies in its Condensed Consolidated Statements of Operations.<div style="display:inline-block;width:8.18px"> </div>The </div><div id="a18631" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:284.7px;">Company recognized an expense for interest of approximately<div style="display:inline-block;width:4.81px"> </div>$</div><div id="a18631_61_3" style="position:absolute;left:346.733px;top:284.7px;">0.2</div><div id="a18631_64_14" style="position:absolute;font-weight:normal;font-style:normal;left:363.373px;top:284.7px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a18631_78_3" style="position:absolute;left:437.8px;top:284.7px;">0.2</div><div id="a18631_81_37" style="position:absolute;font-weight:normal;font-style:normal;left:454.6px;top:284.7px;"><div style="display:inline-block;width:3.36px"> </div>million and a benefit of less than $</div><div id="a18631_118_3" style="position:absolute;left:642.64px;top:284.7px;">0.1</div><div id="a18631_121_13" style="position:absolute;font-weight:normal;font-style:normal;left:659.28px;top:284.7px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a18678" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300px;">$</div><div id="a18678_1_3" style="position:absolute;left:11.147px;top:300px;">0.2</div><div id="a18678_4_127" style="position:absolute;font-weight:normal;font-style:normal;left:27.947px;top:300px;"><div style="display:inline-block;width:3.36px"> </div>million for penalties in its Condensed Consolidated Statement of<div style="display:inline-block;width:4.79px"> </div>Operations for the three and six months ended June 30, 2021, </div><div id="a18723" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:315.4px;">respectively, and recognized<div style="display:inline-block;width:5.03px"> </div>an expense of $</div><div id="a18723_44_3" style="position:absolute;left:243.373px;top:315.4px;">0.6</div><div id="a18723_47_14" style="position:absolute;font-weight:normal;font-style:normal;left:260.173px;top:315.4px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a18723_61_3" style="position:absolute;left:334.413px;top:315.4px;">0.6</div><div id="a18723_64_41" style="position:absolute;font-weight:normal;font-style:normal;left:351.213px;top:315.4px;"><div style="display:inline-block;width:3.36px"> </div>million for interest and an expense of $</div><div id="a18723_105_3" style="position:absolute;left:563.719px;top:315.4px;">0.6</div><div id="a18723_108_14" style="position:absolute;font-weight:normal;font-style:normal;left:580.559px;top:315.4px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a18723_122_3" style="position:absolute;left:654.799px;top:315.4px;">0.5</div><div id="a18723_125_9" style="position:absolute;font-weight:normal;font-style:normal;left:671.599px;top:315.4px;"><div style="display:inline-block;width:3.36px"> </div>million </div><div id="a18769" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:330.6px;">for penalties in its Condensed Consolidated Statement of<div style="display:inline-block;width:4.72px"> </div>Operations for the three and six months ended June 30, 2020<div style="display:inline-block;width:1.36px"> </div>,<div style="display:inline-block;width:3.4px"> </div>respectively.<div style="display:inline-block;width:3.56px"> </div></div><div id="a18811" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:346px;">As of June 30, 2021, the Company had accrued $</div><div id="a18811_46_3" style="position:absolute;left:267.053px;top:346px;">3.2</div><div id="a18811_49_38" style="position:absolute;font-weight:normal;font-style:normal;left:283.853px;top:346px;"><div style="display:inline-block;width:3.2px"> </div>million for cumulative interest and $</div><div id="a18811_87_3" style="position:absolute;left:482.279px;top:346px;">3.6</div><div id="a18811_90_41" style="position:absolute;font-weight:normal;font-style:normal;left:498.919px;top:346px;"><div style="display:inline-block;width:3.36px"> </div>million for cumulative penalties in its </div><div id="a18862" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:361.3px;">Condensed Consolidated Balance Sheets, compared<div style="display:inline-block;width:4.74px"> </div>to $</div><div id="a18862_52_3" style="position:absolute;left:304.973px;top:361.3px;">3.0</div><div id="a18862_55_38" style="position:absolute;font-weight:normal;font-style:normal;left:321.613px;top:361.3px;"><div style="display:inline-block;width:3.2px"> </div>million for cumulative interest and $</div><div id="a18862_93_3" style="position:absolute;left:520.04px;top:361.3px;">3.9</div><div id="a18862_96_34" style="position:absolute;font-weight:normal;font-style:normal;left:536.84px;top:361.3px;"><div style="display:inline-block;width:3.36px"> </div>million for cumulative penalties </div><div id="a18896" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:376.7px;">accrued at December 31, 2020.<div style="display:inline-block;width:7.48px"> </div>During the six months ended June 30, 2021 and 2020, the<div style="display:inline-block;width:4.65px"> </div>Company recognized decreases of $</div><div id="a18896_120_3" style="position:absolute;left:680.559px;top:376.7px;">0.8</div><div id="a18896_123_1" style="position:absolute;font-weight:normal;font-style:normal;left:697.199px;top:376.7px;"> </div><div id="a18942" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:392px;">million and $</div><div id="a18942_13_3" style="position:absolute;left:75.658px;top:392px;">1.5</div><div id="a18942_16_117" style="position:absolute;font-weight:normal;font-style:normal;left:92.293px;top:392px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively,<div style="display:inline-block;width:4.7px"> </div>in its cumulative liability for gross unrecognized tax benefits<div style="display:inline-block;width:4.84px"> </div>due to the expiration of the </div><div id="a18985" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:407.4px;">applicable statutes of limitations for certain tax years. </div><div id="a19001" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:428px;">The Company estimates that during the year ending December<div style="display:inline-block;width:4.88px"> </div>31, 2021 it will reduce its cumulative liability for gross </div><div id="a19039" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:443.4px;">unrecognized tax benefits by approximately $</div><div id="a19039_44_3" style="position:absolute;left:248.653px;top:443.4px;">1.5</div><div id="a19039_47_88" style="position:absolute;font-weight:normal;font-style:normal;left:265.293px;top:443.4px;"><div style="display:inline-block;width:3.36px"> </div>million due to the expiration of the statute of limitations with regard<div style="display:inline-block;width:4.82px"> </div>to certain tax </div><div id="a19082" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:458.6px;">positions.<div style="display:inline-block;width:6.99px"> </div>This estimated reduction in the cumulative liability for unrecognized<div style="display:inline-block;width:4.89px"> </div>tax benefits does not consider any increase in liability </div><div id="a19120" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:474px;">for unrecognized tax benefits with regard to existing tax<div style="display:inline-block;width:4.66px"> </div>positions or any increase in cumulative liability for unrecognized<div style="display:inline-block;width:4.71px"> </div>tax benefits </div><div id="a19160" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:489.3px;">with regard to new tax positions for the year ending December<div style="display:inline-block;width:4.88px"> </div>31, 2021. </div><div id="a19186" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:510px;">The Company and its subsidiaries are subject to U.S. Federal income<div style="display:inline-block;width:5.02px"> </div>tax, as well as the income tax of various state and foreign </div><div id="a19232" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:525.3px;">tax jurisdictions.<div style="display:inline-block;width:7.18px"> </div>Tax years that remain<div style="display:inline-block;width:4.76px"> </div>subject to examination by major tax jurisdictions include Italy<div style="display:inline-block;width:4.56px"> </div>from </div><div id="a19232_111_4" style="position:absolute;left:582.96px;top:525.3px;">2006</div><div id="a19232_115_14" style="position:absolute;font-weight:normal;font-style:normal;left:609.68px;top:525.3px;">, Brazil from </div><div id="a19232_129_4" style="position:absolute;left:681.36px;top:525.3px;">2011</div><div id="a19232_133_2" style="position:absolute;font-weight:normal;font-style:normal;left:708.08px;top:525.3px;">, </div><div id="a19272" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:540.7px;">the Netherlands and China from </div><div id="a19272_31_4" style="position:absolute;left:178.853px;top:540.7px;">2015</div><div id="a19272_35_53" style="position:absolute;font-weight:normal;font-style:normal;left:205.573px;top:540.7px;">, Mexico, Spain, Germany and the United Kingdom from </div><div id="a19272_88_4" style="position:absolute;left:514.6px;top:540.7px;">2016</div><div id="a19272_92_27" style="position:absolute;font-weight:normal;font-style:normal;left:541.32px;top:540.7px;">, Canada and the U.S. from </div><div id="a19272_119_4" style="position:absolute;left:689.84px;top:540.7px;">2017</div><div id="a19272_123_2" style="position:absolute;font-weight:normal;font-style:normal;left:716.4px;top:540.7px;">, </div><div id="a19314" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:556.1px;">India from fiscal year beginning April 1, 2018 and ending<div style="display:inline-block;width:4.65px"> </div>March 31, </div><div id="a19314_68_4" style="position:absolute;left:374.893px;top:556.1px;">2019</div><div id="a19314_72_48" style="position:absolute;font-weight:normal;font-style:normal;left:401.613px;top:556.1px;">, and various U.S. state tax jurisdictions from </div><div id="a19314_120_4" style="position:absolute;left:646.32px;top:556.1px;">2011</div><div id="a19314_124_4" style="position:absolute;font-weight:normal;font-style:normal;left:673.04px;top:556.1px;">.<div style="display:inline-block;width:6.6px"> </div></div><div id="a19358" style="position:absolute;left:28.427px;top:576.7px;">As previously reported, the Italian tax authorities have assessed additional tax due from the Company’s subsidiary, Quaker Italia </div><div id="a19394" style="position:absolute;left:4.427px;top:592.1px;">S.r.l., relating to the tax years 2007 through 2015. The Company has filed for competent authority relief from these assessments under </div><div id="a19437" style="position:absolute;left:4.427px;top:607.3px;">the Mutual Agreement Procedures (“MAP”) of the Organization for Economic Co-Operation and Development for all years except </div><div id="a19473" style="position:absolute;left:4.427px;top:622.6px;">2007. In 2020, the respective tax authorities in Italy, Spain and the Netherlands reached agreement with respect to the MAP </div><div id="a19514" style="position:absolute;left:4.427px;top:638px;">proceedings which the Company has accepted.</div><div id="a19514_43_49" style="position:absolute;font-weight:normal;font-style:normal;left:254.093px;top:638px;"><div style="display:inline-block;width:6.72px"> </div>As of June 30, 2021, the Company has received $</div><div id="a19514_92_3" style="position:absolute;left:525.64px;top:638px;">1.6</div><div id="a19514_95_29" style="position:absolute;font-weight:normal;font-style:normal;left:542.28px;top:638px;"><div style="display:inline-block;width:3.36px"> </div>million in refunds from the </div><div id="a19559" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:653.3px;">Netherlands and Spain and expects to pay $</div><div id="a19559_42_3" style="position:absolute;left:237.453px;top:653.3px;">2.6</div><div id="a19559_45_84" style="position:absolute;font-weight:normal;font-style:normal;left:254.253px;top:653.3px;"><div style="display:inline-block;width:3.2px"> </div>million due to Italy in the second half of 2021.<div style="display:inline-block;width:7.96px"> </div>As of June 30, 2021, the Company </div><div id="a19613" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:668.7px;">believes it has adequate reserves for the remaining<div style="display:inline-block;width:4.64px"> </div>uncertain tax positions related to 2007. </div><div id="a19641" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:689.4px;">Houghton Italia, S.r.l<div style="display:inline-block;width:4.74px"> </div>is also involved in a corporate income tax audit with the Italian tax<div style="display:inline-block;width:4.82px"> </div>authorities covering tax years </div><div id="a19641_124_4" style="position:absolute;left:665.2px;top:689.4px;">2014</div><div id="a19641_128_1" style="position:absolute;font-weight:normal;font-style:normal;left:691.92px;top:689.4px;"> </div><div id="a19684" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:704.7px;">through </div><div id="a19684_8_4" style="position:absolute;left:49.419px;top:704.7px;">2018</div><div id="a19684_12_43" style="position:absolute;font-weight:normal;font-style:normal;left:76.139px;top:704.7px;">.<div style="display:inline-block;width:6.6px"> </div>As of June 30, 2021, the Company has a $</div><div id="a19684_55_3" style="position:absolute;left:311.693px;top:704.7px;">5.6</div><div id="a19684_58_76" style="position:absolute;font-weight:normal;font-style:normal;left:328.333px;top:704.7px;"><div style="display:inline-block;width:3.36px"> </div>million reserve for uncertain tax positions relating to matters related<div style="display:inline-block;width:4.86px"> </div>to </div><div id="a19733" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:720.1px;">this audit.<div style="display:inline-block;width:7.01px"> </div>Since the reserve relates to the tax periods prior to August<div style="display:inline-block;width:4.7px"> </div>1, 2019, the tax liability was established through purchase </div><div id="a19777" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:735.3px;">accounting related to the Combination.<div style="display:inline-block;width:7.74px"> </div>The Company has also submitted an indemnification claim against<div style="display:inline-block;width:4.73px"> </div>funds held in escrow by </div><div id="a19816" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:750.7px;">Houghton’s former owners<div style="display:inline-block;width:4.76px"> </div>and as a result, a corresponding $</div><div id="a19816_59_3" style="position:absolute;left:330.413px;top:750.7px;">5.6</div><div id="a19816_62_70" style="position:absolute;font-weight:normal;font-style:normal;left:347.213px;top:750.7px;"><div style="display:inline-block;width:3.36px"> </div>million indemnification receivable has also been established through </div><div id="a19853" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:766px;">purchase accounting. </div><div id="a19857" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:786.7px;">Houghton Deutschland GmbH is also under audit by<div style="display:inline-block;width:4.7px"> </div>the German tax authorities for the tax years </div><div id="a19857_94_4" style="position:absolute;left:546.919px;top:786.7px;">2015</div><div id="a19857_98_9" style="position:absolute;font-weight:normal;font-style:normal;left:573.679px;top:786.7px;"><div style="display:inline-block;width:3.36px"> </div>through </div><div id="a19857_107_4" style="position:absolute;left:621.839px;top:786.7px;">2017</div><div id="a19857_111_12" style="position:absolute;font-weight:normal;font-style:normal;left:648.559px;top:786.7px;">.<div style="display:inline-block;width:6.6px"> </div>Based on </div><div id="a19901" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:802px;">preliminary audit findings, primarily related to<div style="display:inline-block;width:4.72px"> </div>transfer pricing, the Company has recorded reserves for $</div><div id="a19901_106_3" style="position:absolute;left:563.879px;top:802px;">0.9</div><div id="a19901_109_24" style="position:absolute;font-weight:normal;font-style:normal;left:580.56px;top:802px;"><div style="display:inline-block;width:3.36px"> </div>million as of June 30, </div><div id="a19943" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:817.4px;">2021.<div style="display:inline-block;width:6.95px"> </div>Of this amount, $</div><div id="a19943_24_3" style="position:absolute;left:134.533px;top:817.4px;">0.8</div><div id="a19943_27_100" style="position:absolute;font-weight:normal;font-style:normal;left:151.333px;top:817.4px;"><div style="display:inline-block;width:3.2px"> </div>million relates to tax periods prior to the Combination and<div style="display:inline-block;width:4.71px"> </div>therefore the Company has submitted an </div><div id="a19986" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:832.7px;">indemnification claim with Houghton’s<div style="display:inline-block;width:5.18px"> </div>former owners for any tax liabilities arising pre-Combination.<div style="display:inline-block;width:7.96px"> </div>As a result, a corresponding </div><div id="a20022" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:848.1px;">$</div><div id="a20022_1_3" style="position:absolute;left:11.147px;top:848.1px;">0.8</div><div id="a20022_4_77" style="position:absolute;font-weight:normal;font-style:normal;left:27.947px;top:848.1px;"><div style="display:inline-block;width:3.36px"> </div>million indemnification receivable has also been established to<div style="display:inline-block;width:4.72px"> </div>offset the $</div><div id="a20022_81_3" style="position:absolute;left:429.8px;top:848.1px;">0.8</div><div id="a20022_84_23" style="position:absolute;font-weight:normal;font-style:normal;left:446.44px;top:848.1px;"><div style="display:inline-block;width:3.36px"> </div>million tax liability.</div></div> 0.322 0.284 0.579 -0.207 5900000 6500000 24000000.0 1800000 200000 200000 -100000 200000 600000 600000 600000 500000 3200000 3600000 3000000.0 3900000 800000 1500000 1500000 2006 2011 2015 2015 2016 2016 2017 2017 2019 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. 2007 2015 -1600000 2600000 2014 2018 5600000 5600000 2015 2017 900000 800000 800000 800000 <div id="TextBlockContainer136" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:699px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a20102" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 12 – Earnings Per Share </div><div id="a20114" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The following table summarizes earnings per share calculations<div style="display:inline-block;width:4.95px"> </div>for the three and six months ended June 30, 2021 and 2020:</div></div><div id="TextBlockContainer140" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_138_XBRL_TS_4cf63bc0fd11463a81eb486457c9ef6b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer139" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a20156" style="position:absolute;font-weight:bold;font-style:normal;left:387.853px;top:0px;">Three Months Ended<div style="display:inline-block;width:4.06px"> </div></div><div id="a20159" style="position:absolute;font-weight:bold;font-style:normal;left:582.96px;top:0px;">Six Months Ended </div><div id="a20163" style="position:absolute;font-weight:bold;font-style:normal;left:424.84px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a20166" style="position:absolute;font-weight:bold;font-style:normal;left:611.92px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a20170" style="position:absolute;font-weight:bold;font-style:normal;left:387.693px;top:34.2px;">2021 </div><div id="a20173" style="position:absolute;font-weight:bold;font-style:normal;left:482.6px;top:34.2px;">2020 </div><div id="a20176" style="position:absolute;font-weight:bold;font-style:normal;left:575.76px;top:34.2px;">2021 </div><div id="a20179" style="position:absolute;font-weight:bold;font-style:normal;left:668.72px;top:34.2px;">2020 </div><div id="a20181" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:51.8px;">Basic earnings (loss) per common share </div><div id="a20184" style="position:absolute;font-weight:normal;font-style:normal;left:368.493px;top:51.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a20188" style="position:absolute;font-weight:normal;font-style:normal;left:463.56px;top:51.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a20192" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:51.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a20198" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:69.8px;">Net income (loss) attributable to Quaker Chemical Corporation </div><div id="a20201" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:68.5px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20203" style="position:absolute;left:402.92px;top:69.8px;">33,570</div><div id="a20206" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:68.5px;">$ </div><div id="a20208" style="position:absolute;left:499.72px;top:69.8px;">(7,735)</div><div id="a20211" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:68.5px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20213" style="position:absolute;left:590.96px;top:69.8px;">72,185</div><div id="a20216" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:68.5px;">$ </div><div id="a20218" style="position:absolute;left:678.96px;top:69.8px;">(36,116)</div><div id="a20221" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:86.9px;">Less: (income) loss allocated to participating securities </div><div id="a20223" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:85.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20225" style="position:absolute;left:414.6px;top:86.9px;">(134)</div><div id="a20228" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:85.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20230" style="position:absolute;left:521.32px;top:86.9px;">37</div><div id="a20233" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:85.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20235" style="position:absolute;left:602.64px;top:86.9px;">(287)</div><div id="a20238" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:85.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20240" style="position:absolute;left:700.56px;top:86.9px;">146</div><div id="a20243" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:103.8px;">Net income (loss) available to common shareholders </div><div id="a20245" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:103.4px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20247" style="position:absolute;left:402.92px;top:103.8px;">33,436</div><div id="a20250" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:103.4px;">$ </div><div id="a20252" style="position:absolute;left:499.72px;top:103.8px;">(7,698)</div><div id="a20255" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:103.4px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20257" style="position:absolute;left:590.96px;top:103.8px;">71,898</div><div id="a20260" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:103.4px;">$ </div><div id="a20262" style="position:absolute;left:678.96px;top:103.8px;">(35,970)</div><div id="a20265" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:120.8px;">Basic weighted average common shares outstanding </div><div id="a20268" style="position:absolute;left:380.493px;top:120.8px;">17,802,366</div><div id="a20272" style="position:absolute;left:475.56px;top:120.8px;">17,697,496</div><div id="a20276" style="position:absolute;left:568.52px;top:120.8px;">17,793,915</div><div id="a20281" style="position:absolute;left:661.52px;top:120.8px;">17,685,010</div><div id="a20283" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:137.8px;">Basic earnings (loss) per common share </div><div id="a20285" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:137px;">$ </div><div id="a20287" style="position:absolute;left:416.2px;top:137.8px;">1.88</div><div id="a20290" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:137px;">$ </div><div id="a20292" style="position:absolute;left:506.44px;top:137.8px;">(0.43)</div><div id="a20295" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:137px;">$ </div><div id="a20297" style="position:absolute;left:604.24px;top:137.8px;">4.04</div><div id="a20300" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:137px;">$ </div><div id="a20302" style="position:absolute;left:692.4px;top:137.8px;">(2.03)</div><div id="a20317" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:171.9px;">Diluted earnings (loss) per common share </div><div id="a20332" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:188.8px;">Net income (loss) attributable to Quaker Chemical Corporation </div><div id="a20334" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:188px;">$ </div><div id="a20336" style="position:absolute;left:402.92px;top:188.8px;">33,570</div><div id="a20339" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:188px;">$ </div><div id="a20341" style="position:absolute;left:499.72px;top:188.8px;">(7,735)</div><div id="a20344" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:188px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20346" style="position:absolute;left:590.96px;top:188.8px;">72,185</div><div id="a20349" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:188px;">$ </div><div id="a20351" style="position:absolute;left:678.96px;top:188.8px;">(36,116)</div><div id="a20354" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:205.8px;">Less: (income) loss allocated to participating securities </div><div id="a20357" style="position:absolute;left:414.6px;top:205.8px;">(134)</div><div id="a20360" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:205px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20362" style="position:absolute;left:521.32px;top:205.8px;">37</div><div id="a20365" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:205px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20367" style="position:absolute;left:602.64px;top:205.8px;">(287)</div><div id="a20370" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:205px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20372" style="position:absolute;left:700.56px;top:205.8px;">146</div><div id="a20375" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:222.9px;">Net income (loss) available to common shareholders </div><div id="a20377" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:222.3px;">$ </div><div id="a20379" style="position:absolute;left:402.92px;top:222.9px;">33,436</div><div id="a20382" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:222.3px;">$ </div><div id="a20384" style="position:absolute;left:499.72px;top:222.9px;">(7,698)</div><div id="a20387" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:222.3px;">$ </div><div id="a20389" style="position:absolute;left:590.96px;top:222.9px;">71,898</div><div id="a20392" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:222.3px;">$ </div><div id="a20394" style="position:absolute;left:678.96px;top:222.9px;">(35,970)</div><div id="a20397" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:239.1px;">Basic weighted average common shares outstanding </div><div id="a20400" style="position:absolute;left:380.493px;top:239.9px;">17,802,366</div><div id="a20404" style="position:absolute;left:475.56px;top:239.9px;">17,697,496</div><div id="a20408" style="position:absolute;left:568.52px;top:239.9px;">17,793,915</div><div id="a20412" style="position:absolute;left:661.52px;top:239.9px;">17,685,010</div><div id="a20415" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:256px;">Effect of dilutive securities </div><div id="a20418" style="position:absolute;left:402.92px;top:256px;">47,155</div><div id="a20422" style="position:absolute;left:521.32px;top:256px;">—</div><div id="a20426" style="position:absolute;left:590.96px;top:256px;">52,095</div><div id="a20430" style="position:absolute;left:707.28px;top:256px;">—</div><div id="a20433" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:273.3px;">Diluted weighted average common shares outstanding </div><div id="a20436" style="position:absolute;left:380.493px;top:273.3px;">17,849,521</div><div id="a20440" style="position:absolute;left:475.56px;top:273.3px;">17,697,496</div><div id="a20444" style="position:absolute;left:568.52px;top:273.3px;">17,846,010</div><div id="a20448" style="position:absolute;left:661.52px;top:273.3px;">17,685,010</div><div id="a20450" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:290.9px;">Diluted earnings (loss) per common share </div><div id="a20452" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:290px;">$ </div><div id="a20454" style="position:absolute;left:416.2px;top:290.9px;">1.88</div><div id="a20457" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:290px;">$ </div><div id="a20459" style="position:absolute;left:506.44px;top:290.9px;">(0.43)</div><div id="a20462" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:290px;">$ </div><div id="a20464" style="position:absolute;left:604.24px;top:290.9px;">4.03</div><div id="a20467" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:290px;">$ </div><div id="a20469" style="position:absolute;left:692.4px;top:290.9px;">(2.03)</div></div></div></div><div id="TextBlockContainer142" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a20471" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Certain stock options and restricted stock units are not included<div style="display:inline-block;width:4.85px"> </div>in the diluted earnings (loss) per share calculation when<div style="display:inline-block;width:4.69px"> </div>the effect </div><div id="a20513" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">would have been anti-dilutive.<div style="display:inline-block;width:7.46px"> </div>The calculated amount of anti-diluted shares not included<div style="display:inline-block;width:4.6px"> </div>was </div><div id="a20513_94_5" style="position:absolute;left:507.72px;top:15.4px;">6,793</div><div id="a20513_99_5" style="position:absolute;font-weight:normal;font-style:normal;left:537.96px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>and </div><div id="a20513_104_5" style="position:absolute;left:563.879px;top:15.4px;">2,952</div><div id="a20513_109_23" style="position:absolute;font-weight:normal;font-style:normal;left:593.839px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>for the three and six </div><div id="a20559" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">months ended June 30, 2021,<div style="display:inline-block;width:4.15px"> </div>respectively.<div style="display:inline-block;width:6.96px"> </div>All of the Company’s potentially<div style="display:inline-block;width:4.71px"> </div>dilutive shares for the three and six months ended June </div><div id="a20603" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">30, 2020 are anti-dilutive and not included in the dilutive<div style="display:inline-block;width:4.75px"> </div>loss per share calculations because of the Company’s<div style="display:inline-block;width:5.31px"> </div>net loss during the </div><div id="a20650" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.4px;">periods.</div></div> <div id="TextBlockContainer139" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a20156" style="position:absolute;font-weight:bold;font-style:normal;left:387.853px;top:0px;">Three Months Ended<div style="display:inline-block;width:4.06px"> </div></div><div id="a20159" style="position:absolute;font-weight:bold;font-style:normal;left:582.96px;top:0px;">Six Months Ended </div><div id="a20163" style="position:absolute;font-weight:bold;font-style:normal;left:424.84px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a20166" style="position:absolute;font-weight:bold;font-style:normal;left:611.92px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a20170" style="position:absolute;font-weight:bold;font-style:normal;left:387.693px;top:34.2px;">2021 </div><div id="a20173" style="position:absolute;font-weight:bold;font-style:normal;left:482.6px;top:34.2px;">2020 </div><div id="a20176" style="position:absolute;font-weight:bold;font-style:normal;left:575.76px;top:34.2px;">2021 </div><div id="a20179" style="position:absolute;font-weight:bold;font-style:normal;left:668.72px;top:34.2px;">2020 </div><div id="a20181" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:51.8px;">Basic earnings (loss) per common share </div><div id="a20184" style="position:absolute;font-weight:normal;font-style:normal;left:368.493px;top:51.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a20188" style="position:absolute;font-weight:normal;font-style:normal;left:463.56px;top:51.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a20192" style="position:absolute;font-weight:normal;font-style:normal;left:556.52px;top:51.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a20198" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:69.8px;">Net income (loss) attributable to Quaker Chemical Corporation </div><div id="a20201" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:68.5px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20203" style="position:absolute;left:402.92px;top:69.8px;">33,570</div><div id="a20206" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:68.5px;">$ </div><div id="a20208" style="position:absolute;left:499.72px;top:69.8px;">(7,735)</div><div id="a20211" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:68.5px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20213" style="position:absolute;left:590.96px;top:69.8px;">72,185</div><div id="a20216" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:68.5px;">$ </div><div id="a20218" style="position:absolute;left:678.96px;top:69.8px;">(36,116)</div><div id="a20221" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:86.9px;">Less: (income) loss allocated to participating securities </div><div id="a20223" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:85.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20225" style="position:absolute;left:414.6px;top:86.9px;">(134)</div><div id="a20228" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:85.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20230" style="position:absolute;left:521.32px;top:86.9px;">37</div><div id="a20233" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:85.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20235" style="position:absolute;left:602.64px;top:86.9px;">(287)</div><div id="a20238" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:85.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20240" style="position:absolute;left:700.56px;top:86.9px;">146</div><div id="a20243" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:103.8px;">Net income (loss) available to common shareholders </div><div id="a20245" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:103.4px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20247" style="position:absolute;left:402.92px;top:103.8px;">33,436</div><div id="a20250" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:103.4px;">$ </div><div id="a20252" style="position:absolute;left:499.72px;top:103.8px;">(7,698)</div><div id="a20255" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:103.4px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20257" style="position:absolute;left:590.96px;top:103.8px;">71,898</div><div id="a20260" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:103.4px;">$ </div><div id="a20262" style="position:absolute;left:678.96px;top:103.8px;">(35,970)</div><div id="a20265" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:120.8px;">Basic weighted average common shares outstanding </div><div id="a20268" style="position:absolute;left:380.493px;top:120.8px;">17,802,366</div><div id="a20272" style="position:absolute;left:475.56px;top:120.8px;">17,697,496</div><div id="a20276" style="position:absolute;left:568.52px;top:120.8px;">17,793,915</div><div id="a20281" style="position:absolute;left:661.52px;top:120.8px;">17,685,010</div><div id="a20283" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:137.8px;">Basic earnings (loss) per common share </div><div id="a20285" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:137px;">$ </div><div id="a20287" style="position:absolute;left:416.2px;top:137.8px;">1.88</div><div id="a20290" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:137px;">$ </div><div id="a20292" style="position:absolute;left:506.44px;top:137.8px;">(0.43)</div><div id="a20295" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:137px;">$ </div><div id="a20297" style="position:absolute;left:604.24px;top:137.8px;">4.04</div><div id="a20300" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:137px;">$ </div><div id="a20302" style="position:absolute;left:692.4px;top:137.8px;">(2.03)</div><div id="a20317" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:171.9px;">Diluted earnings (loss) per common share </div><div id="a20332" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:188.8px;">Net income (loss) attributable to Quaker Chemical Corporation </div><div id="a20334" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:188px;">$ </div><div id="a20336" style="position:absolute;left:402.92px;top:188.8px;">33,570</div><div id="a20339" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:188px;">$ </div><div id="a20341" style="position:absolute;left:499.72px;top:188.8px;">(7,735)</div><div id="a20344" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:188px;">$<div style="display:inline-block;width:3.44px"> </div></div><div id="a20346" style="position:absolute;left:590.96px;top:188.8px;">72,185</div><div id="a20349" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:188px;">$ </div><div id="a20351" style="position:absolute;left:678.96px;top:188.8px;">(36,116)</div><div id="a20354" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:205.8px;">Less: (income) loss allocated to participating securities </div><div id="a20357" style="position:absolute;left:414.6px;top:205.8px;">(134)</div><div id="a20360" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:205px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20362" style="position:absolute;left:521.32px;top:205.8px;">37</div><div id="a20365" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:205px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20367" style="position:absolute;left:602.64px;top:205.8px;">(287)</div><div id="a20370" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:205px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a20372" style="position:absolute;left:700.56px;top:205.8px;">146</div><div id="a20375" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:222.9px;">Net income (loss) available to common shareholders </div><div id="a20377" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:222.3px;">$ </div><div id="a20379" style="position:absolute;left:402.92px;top:222.9px;">33,436</div><div id="a20382" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:222.3px;">$ </div><div id="a20384" style="position:absolute;left:499.72px;top:222.9px;">(7,698)</div><div id="a20387" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:222.3px;">$ </div><div id="a20389" style="position:absolute;left:590.96px;top:222.9px;">71,898</div><div id="a20392" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:222.3px;">$ </div><div id="a20394" style="position:absolute;left:678.96px;top:222.9px;">(35,970)</div><div id="a20397" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:239.1px;">Basic weighted average common shares outstanding </div><div id="a20400" style="position:absolute;left:380.493px;top:239.9px;">17,802,366</div><div id="a20404" style="position:absolute;left:475.56px;top:239.9px;">17,697,496</div><div id="a20408" style="position:absolute;left:568.52px;top:239.9px;">17,793,915</div><div id="a20412" style="position:absolute;left:661.52px;top:239.9px;">17,685,010</div><div id="a20415" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:256px;">Effect of dilutive securities </div><div id="a20418" style="position:absolute;left:402.92px;top:256px;">47,155</div><div id="a20422" style="position:absolute;left:521.32px;top:256px;">—</div><div id="a20426" style="position:absolute;left:590.96px;top:256px;">52,095</div><div id="a20430" style="position:absolute;left:707.28px;top:256px;">—</div><div id="a20433" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:273.3px;">Diluted weighted average common shares outstanding </div><div id="a20436" style="position:absolute;left:380.493px;top:273.3px;">17,849,521</div><div id="a20440" style="position:absolute;left:475.56px;top:273.3px;">17,697,496</div><div id="a20444" style="position:absolute;left:568.52px;top:273.3px;">17,846,010</div><div id="a20448" style="position:absolute;left:661.52px;top:273.3px;">17,685,010</div><div id="a20450" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:290.9px;">Diluted earnings (loss) per common share </div><div id="a20452" style="position:absolute;font-weight:normal;font-style:normal;left:358.573px;top:290px;">$ </div><div id="a20454" style="position:absolute;left:416.2px;top:290.9px;">1.88</div><div id="a20457" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:290px;">$ </div><div id="a20459" style="position:absolute;left:506.44px;top:290.9px;">(0.43)</div><div id="a20462" style="position:absolute;font-weight:normal;font-style:normal;left:546.6px;top:290px;">$ </div><div id="a20464" style="position:absolute;left:604.24px;top:290.9px;">4.03</div><div id="a20467" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:290px;">$ </div><div id="a20469" style="position:absolute;left:692.4px;top:290.9px;">(2.03)</div></div> 33570000 -7735000 72185000 -36116000 134000 -37000 287000 -146000 33436000 -7698000 71898000 -35970000 17802366 17697496 17793915 17685010 1.88 -0.43 4.04 -2.03 33570000 -7735000 72185000 -36116000 134000 -37000 287000 -146000 33436000 -7698000 71898000 -35970000 17802366 17697496 17793915 17685010 47155 0 52095 0 17849521 17697496 17846010 17685010 1.88 -0.43 4.03 -2.03 6793 2952 <div id="TextBlockContainer144" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a20652" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 13 – Restricted Cash </div><div id="a20662" style="position:absolute;left:28.427px;top:23.2px;">Prior to December 2020, the Company had restricted cash recorded in other assets related to proceeds from an inactive subsidiary </div><div id="a20704" style="position:absolute;left:4.427px;top:38.6px;">of the Company which previously executed separate settlement and release agreements with two of its insurance carriers for an </div><div id="a20743" style="position:absolute;left:4.427px;top:53.9px;">original total value of $35.0 million.</div><div id="a20743_38_98" style="position:absolute;font-weight:normal;font-style:normal;left:198.213px;top:53.9px;"><div style="display:inline-block;width:6.72px"> </div>The proceeds of both settlements were restricted and could<div style="display:inline-block;width:4.8px"> </div>only be used to pay claims and costs </div><div id="a20790" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">of defense associated with the subsidiary’s<div style="display:inline-block;width:5.2px"> </div>asbestos litigation.<div style="display:inline-block;width:7.07px"> </div>The proceeds of the settlement and release agreements<div style="display:inline-block;width:4.7px"> </div>were deposited </div><div id="a20827" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">into interest bearing accounts that earned less than<div style="display:inline-block;width:4.56px"> </div>$</div><div id="a20827_54_3" style="position:absolute;left:283.053px;top:84.6px;">0.1</div><div id="a20827_57_20" style="position:absolute;font-weight:normal;font-style:normal;left:299.693px;top:84.6px;"><div style="display:inline-block;width:3.36px"> </div>million offset by $</div><div id="a20827_77_3" style="position:absolute;left:401.96px;top:84.6px;">0.5</div><div id="a20827_80_53" style="position:absolute;font-weight:normal;font-style:normal;left:418.76px;top:84.6px;"><div style="display:inline-block;width:3.2px"> </div>million of net payments during the six months ended </div><div id="a20874" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:99.8px;">June 30, 2020.<div style="display:inline-block;width:7.21px"> </div>Due to the restricted nature of the proceeds, a corresponding deferred<div style="display:inline-block;width:4.82px"> </div>credit was established in other non-current </div><div id="a20918" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.2px;">liabilities for an equal and offsetting amount<div style="display:inline-block;width:4.76px"> </div>that continued until the restrictions lapsed.<div style="display:inline-block;width:7.6px"> </div>As disclosed in the Company’s<div style="display:inline-block;width:4.8px"> </div>2020 Form </div><div id="a20960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.6px;">10-K, during December 2020, the restrictions ended<div style="display:inline-block;width:4.6px"> </div>on these previously received insurance settlements and the<div style="display:inline-block;width:4.72px"> </div>Company transferred </div><div id="a20997" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:145.9px;">the cash into an operating account.</div></div><div id="TextBlockContainer146" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:719px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21009" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following table provides a reconciliation of cash,<div style="display:inline-block;width:4.76px"> </div>cash equivalents and restricted cash as of June 30, 2021 and 2020<div style="display:inline-block;width:1.37px"> </div>,<div style="display:inline-block;width:3.24px"> </div>as well </div><div id="a21054" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">as December 31, 2020 and 2019:</div></div><div id="TextBlockContainer149" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21068" style="position:absolute;font-weight:bold;font-style:normal;left:423.72px;top:0px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a21071" style="position:absolute;font-weight:bold;font-style:normal;left:595.6px;top:0px;">December 31, </div><div id="a21074" style="position:absolute;font-weight:bold;font-style:normal;left:386.573px;top:17.6px;">2021 </div><div id="a21077" style="position:absolute;font-weight:bold;font-style:normal;left:481.64px;top:17.6px;">2020 </div><div id="a21080" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:17.6px;">2020 </div><div id="a21083" style="position:absolute;font-weight:bold;font-style:normal;left:667.76px;top:17.6px;">2019 </div><div id="a21085" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Cash and cash equivalents </div><div id="a21087" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:35.2px;">$ </div><div id="a21089" style="position:absolute;left:394.28px;top:35.2px;">145,610</div><div id="a21092" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:35.2px;">$ </div><div id="a21094" style="position:absolute;left:489.32px;top:35.2px;">322,497</div><div id="a21097" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:35.2px;">$ </div><div id="a21099" style="position:absolute;left:582.32px;top:35.2px;">181,833</div><div id="a21102" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:35.2px;">$ </div><div id="a21104" style="position:absolute;left:675.28px;top:35.2px;">123,524</div><div id="a21106" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Restricted cash included in other current assets </div><div id="a21109" style="position:absolute;left:424.36px;top:52.8px;">—</div><div id="a21113" style="position:absolute;left:519.4px;top:52.8px;">85</div><div id="a21117" style="position:absolute;left:612.4px;top:52.8px;">62</div><div id="a21121" style="position:absolute;left:698.64px;top:52.8px;">353</div><div id="a21123" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Restricted cash included in other assets </div><div id="a21126" style="position:absolute;left:424.36px;top:70.4px;">—</div><div id="a21130" style="position:absolute;left:496.04px;top:70.4px;">19,173</div><div id="a21134" style="position:absolute;left:612.4px;top:70.4px;">—</div><div id="a21138" style="position:absolute;left:682px;top:70.4px;">19,678</div><div id="a21140" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88.8px;">Cash, cash equivalents and restricted cash </div><div id="a21143" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:88.8px;">$ </div><div id="a21145" style="position:absolute;left:394.28px;top:88.8px;">145,610</div><div id="a21148" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:88.8px;">$ </div><div id="a21150" style="position:absolute;left:489.32px;top:88.8px;">341,755</div><div id="a21153" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:88.8px;">$ </div><div id="a21155" style="position:absolute;left:582.32px;top:88.8px;">181,895</div><div id="a21158" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:88.8px;">$ </div><div id="a21160" style="position:absolute;left:675.28px;top:88.8px;">143,555</div></div> 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 $35.0 million. 35000000.0 100000 500000 <div id="TextBlockContainer150" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_148_XBRL_TS_017fb2abe70047849a324fdf1864768e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer149" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:727px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21068" style="position:absolute;font-weight:bold;font-style:normal;left:423.72px;top:0px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a21071" style="position:absolute;font-weight:bold;font-style:normal;left:595.6px;top:0px;">December 31, </div><div id="a21074" style="position:absolute;font-weight:bold;font-style:normal;left:386.573px;top:17.6px;">2021 </div><div id="a21077" style="position:absolute;font-weight:bold;font-style:normal;left:481.64px;top:17.6px;">2020 </div><div id="a21080" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:17.6px;">2020 </div><div id="a21083" style="position:absolute;font-weight:bold;font-style:normal;left:667.76px;top:17.6px;">2019 </div><div id="a21085" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:35.2px;">Cash and cash equivalents </div><div id="a21087" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:35.2px;">$ </div><div id="a21089" style="position:absolute;left:394.28px;top:35.2px;">145,610</div><div id="a21092" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:35.2px;">$ </div><div id="a21094" style="position:absolute;left:489.32px;top:35.2px;">322,497</div><div id="a21097" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:35.2px;">$ </div><div id="a21099" style="position:absolute;left:582.32px;top:35.2px;">181,833</div><div id="a21102" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:35.2px;">$ </div><div id="a21104" style="position:absolute;left:675.28px;top:35.2px;">123,524</div><div id="a21106" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:52.8px;">Restricted cash included in other current assets </div><div id="a21109" style="position:absolute;left:424.36px;top:52.8px;">—</div><div id="a21113" style="position:absolute;left:519.4px;top:52.8px;">85</div><div id="a21117" style="position:absolute;left:612.4px;top:52.8px;">62</div><div id="a21121" style="position:absolute;left:698.64px;top:52.8px;">353</div><div id="a21123" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:70.4px;">Restricted cash included in other assets </div><div id="a21126" style="position:absolute;left:424.36px;top:70.4px;">—</div><div id="a21130" style="position:absolute;left:496.04px;top:70.4px;">19,173</div><div id="a21134" style="position:absolute;left:612.4px;top:70.4px;">—</div><div id="a21138" style="position:absolute;left:682px;top:70.4px;">19,678</div><div id="a21140" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:88.8px;">Cash, cash equivalents and restricted cash </div><div id="a21143" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:88.8px;">$ </div><div id="a21145" style="position:absolute;left:394.28px;top:88.8px;">145,610</div><div id="a21148" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:88.8px;">$ </div><div id="a21150" style="position:absolute;left:489.32px;top:88.8px;">341,755</div><div id="a21153" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:88.8px;">$ </div><div id="a21155" style="position:absolute;left:582.32px;top:88.8px;">181,895</div><div id="a21158" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:88.8px;">$ </div><div id="a21160" style="position:absolute;left:675.28px;top:88.8px;">143,555</div></div></div></div> 145610000 322497000 181833000 123524000 0 85000 62000 353000 0 19173000 0 19678000 145610000 341755000 181895000 143555000 <div id="TextBlockContainer152" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:577px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21211" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 14 – Goodwill and Other Intangible Assets </div><div id="a21227" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Changes in the carrying amount of goodwill for the<div style="display:inline-block;width:4.75px"> </div>six months ended June 30, 2021 were as follows:</div></div><div id="TextBlockContainer155" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:116px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21274" style="position:absolute;font-weight:bold;font-style:normal;left:568.68px;top:0px;">Global </div><div id="a21289" style="position:absolute;font-weight:bold;font-style:normal;left:562.12px;top:16.3px;">Specialty </div><div id="a21296" style="position:absolute;font-weight:bold;font-style:normal;left:278.093px;top:31.2px;">Americas </div><div id="a21299" style="position:absolute;font-weight:bold;font-style:normal;left:380.013px;top:31.2px;">EMEA </div><div id="a21302" style="position:absolute;font-weight:bold;font-style:normal;left:461.32px;top:31.2px;">Asia/Pacific </div><div id="a21305" style="position:absolute;font-weight:bold;font-style:normal;left:557.96px;top:31.2px;">Businesses </div><div id="a21308" style="position:absolute;font-weight:bold;font-style:normal;left:666px;top:31.2px;">Total </div><div id="a21310" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:47.8px;">Balance as of December 31, 2020 </div><div id="a21312" style="position:absolute;font-weight:normal;font-style:normal;left:263.533px;top:47.8px;">$ </div><div id="a21314" style="position:absolute;left:299.213px;top:47.8px;">213,242</div><div id="a21317" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:47.8px;">$ </div><div id="a21319" style="position:absolute;left:394.28px;top:47.8px;">140,162</div><div id="a21322" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:47.8px;">$ </div><div id="a21324" style="position:absolute;left:489.32px;top:47.8px;">158,090</div><div id="a21328" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:47.8px;">$ </div><div id="a21330" style="position:absolute;left:582.32px;top:47.8px;">119,718</div><div id="a21332" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:47.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21334" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:47.8px;">$ </div><div id="a21336" style="position:absolute;left:675.28px;top:47.8px;">631,212</div><div id="a21339" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:65px;">Goodwill additions </div><div id="a21342" style="position:absolute;left:312.493px;top:65px;">1,208</div><div id="a21346" style="position:absolute;left:407.56px;top:65px;">2,626</div><div id="a21350" style="position:absolute;left:502.6px;top:65px;">1,308</div><div id="a21354" style="position:absolute;left:605.68px;top:65px;">128</div><div id="a21358" style="position:absolute;left:688.56px;top:65px;">5,270</div><div id="a21361" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:81.9px;">Currency translation and other adjustments </div><div id="a21363" style="position:absolute;font-weight:normal;font-style:normal;left:263.533px;top:81.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21365" style="position:absolute;left:322.573px;top:81.9px;">614</div><div id="a21369" style="position:absolute;left:402.76px;top:81.9px;">(2,633)</div><div id="a21373" style="position:absolute;left:502.6px;top:81.9px;">1,127</div><div id="a21377" style="position:absolute;left:590.8px;top:81.9px;">(2,141)</div><div id="a21381" style="position:absolute;left:683.76px;top:81.9px;">(3,033)</div><div id="a21383" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:99.8px;">Balance as of June 30, 2021 </div><div id="a21385" style="position:absolute;font-weight:normal;font-style:normal;left:263.533px;top:99.8px;">$ </div><div id="a21387" style="position:absolute;left:299.213px;top:99.8px;">215,064</div><div id="a21390" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:99.8px;">$ </div><div id="a21392" style="position:absolute;left:394.28px;top:99.8px;">140,155</div><div id="a21395" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:99.8px;">$ </div><div id="a21397" style="position:absolute;left:489.32px;top:99.8px;">160,525</div><div id="a21400" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:99.8px;">$ </div><div id="a21402" style="position:absolute;left:582.32px;top:99.8px;">117,705</div><div id="a21404" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:99.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21406" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:99.8px;">$ </div><div id="a21408" style="position:absolute;left:675.28px;top:99.8px;">633,449</div></div><div id="TextBlockContainer158" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:721px;height:32px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21410" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Gross carrying amounts and accumulated amortization<div style="display:inline-block;width:4.73px"> </div>for definite-lived intangible assets as of June 30, 2021 and December<div style="display:inline-block;width:4.88px"> </div>31, </div><div id="a21448" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.5px;">2020 were as follows:</div></div><div id="TextBlockContainer161" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:118px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21458" style="position:absolute;font-weight:bold;font-style:normal;left:402.76px;top:0px;">Gross Carrying </div><div id="a21461" style="position:absolute;font-weight:bold;font-style:normal;left:596.72px;top:0px;">Accumulated </div><div id="a21465" style="position:absolute;font-weight:bold;font-style:normal;left:424.04px;top:15.1px;">Amount </div><div id="a21468" style="position:absolute;font-weight:bold;font-style:normal;left:596.4px;top:15.1px;">Amortization </div><div id="a21472" style="position:absolute;font-weight:bold;font-style:normal;left:386.573px;top:31.6px;">2021 </div><div id="a21475" style="position:absolute;font-weight:bold;font-style:normal;left:481.64px;top:31.6px;">2020 </div><div id="a21478" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:31.6px;">2021 </div><div id="a21481" style="position:absolute;font-weight:bold;font-style:normal;left:667.76px;top:31.6px;">2020 </div><div id="a21483" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:49.2px;">Customer lists and rights to sell </div><div id="a21485" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:49.2px;">$ </div><div id="a21487" style="position:absolute;left:395.24px;top:49.2px;">858,025</div><div id="a21489" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:49.2px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21491" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:49.2px;">$ </div><div id="a21493" style="position:absolute;left:490.28px;top:49.2px;">839,551</div><div id="a21495" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:49.2px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21497" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:49.2px;">$ </div><div id="a21499" style="position:absolute;left:583.28px;top:49.2px;">127,883</div><div id="a21501" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:49.2px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21503" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:49.2px;">$ </div><div id="a21505" style="position:absolute;left:682.96px;top:49.2px;">99,806</div><div id="a21507" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.4px;">Trademarks, formulations and product<div style="display:inline-block;width:4.8px"> </div>technology </div><div id="a21509" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:66.4px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21511" style="position:absolute;left:395.24px;top:66.4px;">168,004</div><div id="a21513" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:66.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21515" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:66.4px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21517" style="position:absolute;left:490.28px;top:66.4px;">166,448</div><div id="a21519" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:66.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21521" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:66.4px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21523" style="position:absolute;left:590px;top:66.4px;">34,932</div><div id="a21525" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:66.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21527" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:66.4px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21529" style="position:absolute;left:682.96px;top:66.4px;">30,483</div><div id="a21531" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84px;">Other </div><div id="a21533" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:84px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21535" style="position:absolute;left:408.52px;top:84px;">6,390</div><div id="a21537" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:84px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21539" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:84px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21541" style="position:absolute;left:503.56px;top:84px;">6,372</div><div id="a21543" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:84px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21545" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:84px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21547" style="position:absolute;left:596.56px;top:84px;">5,909</div><div id="a21549" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:84px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21551" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:84px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21553" style="position:absolute;left:689.52px;top:84px;">5,824</div><div id="a21555" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.4px;">Total definite<div style="display:inline-block;width:1.37px"> </div>-lived intangible assets </div><div id="a21559" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:102.4px;">$ </div><div id="a21561" style="position:absolute;left:385.293px;top:102.4px;">1,032,419</div><div id="a21563" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:102.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21565" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:102.4px;">$ </div><div id="a21567" style="position:absolute;left:480.36px;top:102.4px;">1,012,371</div><div id="a21569" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:102.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21571" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:102.4px;">$ </div><div id="a21573" style="position:absolute;left:583.28px;top:102.4px;">168,724</div><div id="a21575" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:102.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21577" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:102.4px;">$ </div><div id="a21579" style="position:absolute;left:676.24px;top:102.4px;">136,113</div></div><div id="TextBlockContainer164" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:714px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21581" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company amortizes definite-lived intangible assets on<div style="display:inline-block;width:4.77px"> </div>a straight-line basis over their useful lives.<div style="display:inline-block;width:7.53px"> </div>The Company recorded </div><div id="a21619" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.2px;">$</div><div id="a21619_1_4" style="position:absolute;left:11.147px;top:15.2px;">15.0</div><div id="a21619_5_14" style="position:absolute;font-weight:normal;font-style:normal;left:34.507px;top:15.2px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a21619_19_4" style="position:absolute;left:108.933px;top:15.2px;">29.8</div><div id="a21619_23_98" style="position:absolute;font-weight:normal;font-style:normal;left:132.293px;top:15.2px;"><div style="display:inline-block;width:3.36px"> </div>million of amortization expense for the three and six months<div style="display:inline-block;width:4.76px"> </div>ended June 30, 2021, respectively.<div style="display:inline-block;width:4.97px"> </div></div><div id="a21658" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">Comparatively,<div style="display:inline-block;width:4.73px"> </div>the Company recorded $</div><div id="a21658_37_4" style="position:absolute;left:222.053px;top:30.6px;">13.7</div><div id="a21658_41_14" style="position:absolute;font-weight:normal;font-style:normal;left:245.453px;top:30.6px;"><div style="display:inline-block;width:3.2px"> </div>million and $</div><div id="a21658_55_4" style="position:absolute;left:319.853px;top:30.6px;">27.7</div><div id="a21658_59_68" style="position:absolute;font-weight:normal;font-style:normal;left:343.213px;top:30.6px;"><div style="display:inline-block;width:3.36px"> </div>million of amortization expense for the three and six months ended </div><div id="a21696" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">June 30, 2020, respectively.</div></div><div id="TextBlockContainer166" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:598px;height:16px;display:inline-block;"><div id="a21706" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Estimated annual aggregate amortization expense for<div style="display:inline-block;width:4.7px"> </div>the current year and subsequent five years is as follows:</div></div><div id="TextBlockContainer170" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:366px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_168_XBRL_TS_a365e22f30ed407c9cd8c1d17986a8f3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer169" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:366px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21739" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0.8px;">For the year ended December 31, 2021 </div><div id="a21741" style="position:absolute;font-weight:normal;font-style:normal;left:275.533px;top:0.8px;">$ </div><div id="a21743" style="position:absolute;left:320.973px;top:0px;">59,214</div><div id="a21747" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.8px;">For the year ended December 31, 2022 </div><div id="a21750" style="position:absolute;left:320.973px;top:17px;">59,564</div><div id="a21754" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.9px;">For the year ended December 31, 2023 </div><div id="a21757" style="position:absolute;left:320.973px;top:33.9px;">59,394</div><div id="a21761" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.9px;">For the year ended December 31, 2024 </div><div id="a21764" style="position:absolute;left:320.973px;top:51.1px;">58,750</div><div id="a21768" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">For the year ended December 31, 2025 </div><div id="a21771" style="position:absolute;left:320.973px;top:68px;">58,037</div><div id="a21775" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.8px;">For the year ended December 31, 2026 </div><div id="a21778" style="position:absolute;left:320.973px;top:85px;">57,740</div></div></div></div><div id="TextBlockContainer174" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:316px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21781" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The Company has four indefinite-lived intangible<div style="display:inline-block;width:4.7px"> </div>assets totaling $</div><div id="a21781_66_5" style="position:absolute;left:381.933px;top:0px;">205.1</div><div id="a21781_71_57" style="position:absolute;font-weight:normal;font-style:normal;left:411.88px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>million as of both June 30, 2021 and December 31, 2020, </div><div id="a21823" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">including $</div><div id="a21823_11_5" style="position:absolute;left:64.939px;top:15.4px;">204.0</div><div id="a21823_16_109" style="position:absolute;font-weight:normal;font-style:normal;left:95.013px;top:15.4px;"><div style="display:inline-block;width:3.2px"> </div>million of indefinite-lived intangible assets for trademarks and<div style="display:inline-block;width:4.75px"> </div>tradename associated with the Combination. </div><div id="div_172_XBRL_TS_de5984e19ad942cf99354fda61402a5d" style="position:absolute;left:0px;top:38.7px;float:left;"><div id="TextBlockContainer173" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:714px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21855" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Goodwill and intangible assets that have indefinite lives are<div style="display:inline-block;width:4.67px"> </div>not amortized and are required to be assessed at least annually<div style="display:inline-block;width:4.87px"> </div>for </div><div id="a21897" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">impairment.<div style="display:inline-block;width:7.17px"> </div>The Company completes its annual goodwill and indefinite-lived<div style="display:inline-block;width:4.73px"> </div>intangible asset impairment test during the fourth </div><div id="a21931" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">quarter of each year.<div style="display:inline-block;width:7.96px"> </div>The Company continuously evaluates if triggering events indicate<div style="display:inline-block;width:4.81px"> </div>a possible impairment in one or more of its </div><div id="a21973" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">reporting units or indefinite-lived or long-lived assets.</div></div></div><div id="a21973_57_1" style="position:absolute;font-weight:normal;font-style:normal;left:292.973px;top:84.8px;"> </div><div id="a21991" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:108px;">The Company previously disclosed in its 2020 Form 10-K<div style="display:inline-block;width:4.78px"> </div>that as of March 31, 2020, the Company concluded that the<div style="display:inline-block;width:4.79px"> </div>impact of </div><div id="a22037" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:123.4px;">COVID-19 did not represent a triggering event with<div style="display:inline-block;width:4.64px"> </div>regards to the Company’s<div style="display:inline-block;width:4.73px"> </div>reporting units or indefinite-lived and long-lived assets, </div><div id="a22082" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.8px;">except for the Company’s<div style="display:inline-block;width:4.81px"> </div>Houghton and Fluidcare trademarks and tradename indefinite<div style="display:inline-block;width:1.34px"> </div>-lived intangible assets.<div style="display:inline-block;width:7.01px"> </div>The determination of </div><div id="a22116" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:154.1px;">estimated fair value of the Houghton and Fluidcare<div style="display:inline-block;width:4.7px"> </div>trademarks and tradename indefinite-lived assets was based on a relief<div style="display:inline-block;width:4.83px"> </div>from </div><div id="a22156" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.3px;">royalty valuation method, which requires management’s<div style="display:inline-block;width:5.51px"> </div>judgment and often involves the use of significant estimates and assumptions, </div><div id="a22190" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.7px;">including assumptions with respect to the weighted average<div style="display:inline-block;width:4.71px"> </div>cost of capital (“WACC”)<div style="display:inline-block;width:5.3px"> </div>and royalty rates, as well as revenue growth </div><div id="a22230" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">rates and terminal growth rates.<div style="display:inline-block;width:7.44px"> </div>In the first quarter of 2020, as a result of the impact of<div style="display:inline-block;width:4.7px"> </div>COVID-19 driving a decrease in projected </div><div id="a22280" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">legacy Houghton net sales during that year and the impact<div style="display:inline-block;width:4.68px"> </div>of the sales decline on projected future legacy Houghton<div style="display:inline-block;width:4.7px"> </div>net sales as well as </div><div id="a22329" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.8px;">an increase in the WACC<div style="display:inline-block;width:5.31px"> </div>assumption utilized in the quantitative impairment<div style="display:inline-block;width:4.84px"> </div>assessment, the Company concluded that the estimated </div><div id="a22365" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246.1px;">fair values of the Houghton and Fluidcare trademarks<div style="display:inline-block;width:4.71px"> </div>and tradename intangible assets were less than their carrying values.<div style="display:inline-block;width:8.09px"> </div>As a </div><div id="a22406" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">result, an impairment charge of $</div><div id="a22406_33_4" style="position:absolute;left:181.573px;top:261.3px;">38.0</div><div id="a22406_37_94" style="position:absolute;font-weight:normal;font-style:normal;left:204.933px;top:261.3px;"><div style="display:inline-block;width:3.36px"> </div>million was recorded in the first quarter of 2020 to write down<div style="display:inline-block;width:4.74px"> </div>the carrying values of these </div><div id="a22452" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:276.7px;">intangible assets to their estimated fair values. </div><div id="a22466" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300px;"><div style="display:inline-block;width:192.03px"> </div></div></div><div id="TextBlockContainer176" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:139px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a22517" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">As of June 30, 2021, the Company continued to evaluate all<div style="display:inline-block;width:4.71px"> </div>potential triggering events, including the on-going impact<div style="display:inline-block;width:4.79px"> </div>of COVID-</div><div id="a22559" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">19 on the Company’s<div style="display:inline-block;width:4.7px"> </div>operations, and the volatility and uncertainty in the economic outlook<div style="display:inline-block;width:4.78px"> </div>as a result of COVID-19, to determine if </div><div id="a22605" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">this indicated it was more likely than not that the carrying<div style="display:inline-block;width:4.75px"> </div>value of any of the Company’s<div style="display:inline-block;width:4.81px"> </div>reporting units or indefinite-lived or long-</div><div id="a22653" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">lived intangible assets were not recoverable.<div style="display:inline-block;width:7.85px"> </div>The Company concluded that the impact of COVID-19 did not<div style="display:inline-block;width:4.7px"> </div>represent a triggering </div><div id="a22694" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">event as of June 30, 2021.<div style="display:inline-block;width:7.48px"> </div>While the Company concluded that the impact of COVID-19 did not<div style="display:inline-block;width:4.87px"> </div>represent a triggering event as of June </div><div id="a22744" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">30, 2021, the Company will continue to evaluate the<div style="display:inline-block;width:4.7px"> </div>impact of COVID-19 on the Company’s<div style="display:inline-block;width:4.71px"> </div>current and projected results. If the </div><div id="a22788" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">current economic conditions worsen or projections<div style="display:inline-block;width:4.72px"> </div>of the timeline for recovery are significantly extended, then<div style="display:inline-block;width:4.7px"> </div>the Company may </div><div id="a22824" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">conclude in the future that the impact from COVID-19 requires<div style="display:inline-block;width:4.82px"> </div>the need to perform further interim quantitative impairment tests, </div><div id="a22864" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">which could result in additional impairment charges<div style="display:inline-block;width:4.84px"> </div>in the future.</div></div> <div id="TextBlockContainer156" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:116px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_154_XBRL_TS_52b60c3f2caf4e6da6d400c2e629a373" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer155" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:116px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21274" style="position:absolute;font-weight:bold;font-style:normal;left:568.68px;top:0px;">Global </div><div id="a21289" style="position:absolute;font-weight:bold;font-style:normal;left:562.12px;top:16.3px;">Specialty </div><div id="a21296" style="position:absolute;font-weight:bold;font-style:normal;left:278.093px;top:31.2px;">Americas </div><div id="a21299" style="position:absolute;font-weight:bold;font-style:normal;left:380.013px;top:31.2px;">EMEA </div><div id="a21302" style="position:absolute;font-weight:bold;font-style:normal;left:461.32px;top:31.2px;">Asia/Pacific </div><div id="a21305" style="position:absolute;font-weight:bold;font-style:normal;left:557.96px;top:31.2px;">Businesses </div><div id="a21308" style="position:absolute;font-weight:bold;font-style:normal;left:666px;top:31.2px;">Total </div><div id="a21310" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:47.8px;">Balance as of December 31, 2020 </div><div id="a21312" style="position:absolute;font-weight:normal;font-style:normal;left:263.533px;top:47.8px;">$ </div><div id="a21314" style="position:absolute;left:299.213px;top:47.8px;">213,242</div><div id="a21317" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:47.8px;">$ </div><div id="a21319" style="position:absolute;left:394.28px;top:47.8px;">140,162</div><div id="a21322" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:47.8px;">$ </div><div id="a21324" style="position:absolute;left:489.32px;top:47.8px;">158,090</div><div id="a21328" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:47.8px;">$ </div><div id="a21330" style="position:absolute;left:582.32px;top:47.8px;">119,718</div><div id="a21332" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:47.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21334" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:47.8px;">$ </div><div id="a21336" style="position:absolute;left:675.28px;top:47.8px;">631,212</div><div id="a21339" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:65px;">Goodwill additions </div><div id="a21342" style="position:absolute;left:312.493px;top:65px;">1,208</div><div id="a21346" style="position:absolute;left:407.56px;top:65px;">2,626</div><div id="a21350" style="position:absolute;left:502.6px;top:65px;">1,308</div><div id="a21354" style="position:absolute;left:605.68px;top:65px;">128</div><div id="a21358" style="position:absolute;left:688.56px;top:65px;">5,270</div><div id="a21361" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:81.9px;">Currency translation and other adjustments </div><div id="a21363" style="position:absolute;font-weight:normal;font-style:normal;left:263.533px;top:81.9px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21365" style="position:absolute;left:322.573px;top:81.9px;">614</div><div id="a21369" style="position:absolute;left:402.76px;top:81.9px;">(2,633)</div><div id="a21373" style="position:absolute;left:502.6px;top:81.9px;">1,127</div><div id="a21377" style="position:absolute;left:590.8px;top:81.9px;">(2,141)</div><div id="a21381" style="position:absolute;left:683.76px;top:81.9px;">(3,033)</div><div id="a21383" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:99.8px;">Balance as of June 30, 2021 </div><div id="a21385" style="position:absolute;font-weight:normal;font-style:normal;left:263.533px;top:99.8px;">$ </div><div id="a21387" style="position:absolute;left:299.213px;top:99.8px;">215,064</div><div id="a21390" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:99.8px;">$ </div><div id="a21392" style="position:absolute;left:394.28px;top:99.8px;">140,155</div><div id="a21395" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:99.8px;">$ </div><div id="a21397" style="position:absolute;left:489.32px;top:99.8px;">160,525</div><div id="a21400" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:99.8px;">$ </div><div id="a21402" style="position:absolute;left:582.32px;top:99.8px;">117,705</div><div id="a21404" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:99.8px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21406" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:99.8px;">$ </div><div id="a21408" style="position:absolute;left:675.28px;top:99.8px;">633,449</div></div></div></div> 213242000 140162000 158090000 119718000 631212000 1208000 2626000 1308000 128000 5270000 614000 -2633000 1127000 -2141000 -3033000 215064000 140155000 160525000 117705000 633449000 <div id="TextBlockContainer162" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:118px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_160_XBRL_TS_06f89985a76745be86842dc0628bee1a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer161" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:118px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21458" style="position:absolute;font-weight:bold;font-style:normal;left:402.76px;top:0px;">Gross Carrying </div><div id="a21461" style="position:absolute;font-weight:bold;font-style:normal;left:596.72px;top:0px;">Accumulated </div><div id="a21465" style="position:absolute;font-weight:bold;font-style:normal;left:424.04px;top:15.1px;">Amount </div><div id="a21468" style="position:absolute;font-weight:bold;font-style:normal;left:596.4px;top:15.1px;">Amortization </div><div id="a21472" style="position:absolute;font-weight:bold;font-style:normal;left:386.573px;top:31.6px;">2021 </div><div id="a21475" style="position:absolute;font-weight:bold;font-style:normal;left:481.64px;top:31.6px;">2020 </div><div id="a21478" style="position:absolute;font-weight:bold;font-style:normal;left:574.64px;top:31.6px;">2021 </div><div id="a21481" style="position:absolute;font-weight:bold;font-style:normal;left:667.76px;top:31.6px;">2020 </div><div id="a21483" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:49.2px;">Customer lists and rights to sell </div><div id="a21485" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:49.2px;">$ </div><div id="a21487" style="position:absolute;left:395.24px;top:49.2px;">858,025</div><div id="a21489" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:49.2px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21491" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:49.2px;">$ </div><div id="a21493" style="position:absolute;left:490.28px;top:49.2px;">839,551</div><div id="a21495" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:49.2px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21497" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:49.2px;">$ </div><div id="a21499" style="position:absolute;left:583.28px;top:49.2px;">127,883</div><div id="a21501" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:49.2px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21503" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:49.2px;">$ </div><div id="a21505" style="position:absolute;left:682.96px;top:49.2px;">99,806</div><div id="a21507" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:66.4px;">Trademarks, formulations and product<div style="display:inline-block;width:4.8px"> </div>technology </div><div id="a21509" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:66.4px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21511" style="position:absolute;left:395.24px;top:66.4px;">168,004</div><div id="a21513" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:66.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21515" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:66.4px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21517" style="position:absolute;left:490.28px;top:66.4px;">166,448</div><div id="a21519" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:66.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21521" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:66.4px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21523" style="position:absolute;left:590px;top:66.4px;">34,932</div><div id="a21525" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:66.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21527" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:66.4px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21529" style="position:absolute;left:682.96px;top:66.4px;">30,483</div><div id="a21531" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84px;">Other </div><div id="a21533" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:84px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21535" style="position:absolute;left:408.52px;top:84px;">6,390</div><div id="a21537" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:84px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21539" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:84px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21541" style="position:absolute;left:503.56px;top:84px;">6,372</div><div id="a21543" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:84px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21545" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:84px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21547" style="position:absolute;left:596.56px;top:84px;">5,909</div><div id="a21549" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:84px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21551" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:84px;"><div style="display:inline-block;width:3.36px"> </div></div><div id="a21553" style="position:absolute;left:689.52px;top:84px;">5,824</div><div id="a21555" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:102.4px;">Total definite<div style="display:inline-block;width:1.37px"> </div>-lived intangible assets </div><div id="a21559" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:102.4px;">$ </div><div id="a21561" style="position:absolute;left:385.293px;top:102.4px;">1,032,419</div><div id="a21563" style="position:absolute;font-weight:normal;font-style:normal;left:443.56px;top:102.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21565" style="position:absolute;font-weight:normal;font-style:normal;left:453.48px;top:102.4px;">$ </div><div id="a21567" style="position:absolute;left:480.36px;top:102.4px;">1,012,371</div><div id="a21569" style="position:absolute;font-weight:normal;font-style:normal;left:538.44px;top:102.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21571" style="position:absolute;font-weight:normal;font-style:normal;left:546.44px;top:102.4px;">$ </div><div id="a21573" style="position:absolute;left:583.28px;top:102.4px;">168,724</div><div id="a21575" style="position:absolute;font-weight:normal;font-style:normal;left:631.6px;top:102.4px;"><div style="display:inline-block;width:6.72px"> </div></div><div id="a21577" style="position:absolute;font-weight:normal;font-style:normal;left:639.6px;top:102.4px;">$ </div><div id="a21579" style="position:absolute;left:676.24px;top:102.4px;">136,113</div></div></div></div> 858025000 839551000 127883000 99806000 168004000 166448000 34932000 30483000 6390000 6372000 5909000 5824000 1032419000 1012371000 168724000 136113000 15000000.0 29800000 13700000 27700000 <div id="TextBlockContainer169" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:366px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21739" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0.8px;">For the year ended December 31, 2021 </div><div id="a21741" style="position:absolute;font-weight:normal;font-style:normal;left:275.533px;top:0.8px;">$ </div><div id="a21743" style="position:absolute;left:320.973px;top:0px;">59,214</div><div id="a21747" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:17.8px;">For the year ended December 31, 2022 </div><div id="a21750" style="position:absolute;left:320.973px;top:17px;">59,564</div><div id="a21754" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:34.9px;">For the year ended December 31, 2023 </div><div id="a21757" style="position:absolute;left:320.973px;top:33.9px;">59,394</div><div id="a21761" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.9px;">For the year ended December 31, 2024 </div><div id="a21764" style="position:absolute;left:320.973px;top:51.1px;">58,750</div><div id="a21768" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68.8px;">For the year ended December 31, 2025 </div><div id="a21771" style="position:absolute;left:320.973px;top:68px;">58,037</div><div id="a21775" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:85.8px;">For the year ended December 31, 2026 </div><div id="a21778" style="position:absolute;left:320.973px;top:85px;">57,740</div></div> 59214000 59564000 59394000 58750000 58037000 57740000 205100000 205100000 204000000.0 204000000.0 <div id="TextBlockContainer173" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:714px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a21855" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Goodwill and intangible assets that have indefinite lives are<div style="display:inline-block;width:4.67px"> </div>not amortized and are required to be assessed at least annually<div style="display:inline-block;width:4.87px"> </div>for </div><div id="a21897" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">impairment.<div style="display:inline-block;width:7.17px"> </div>The Company completes its annual goodwill and indefinite-lived<div style="display:inline-block;width:4.73px"> </div>intangible asset impairment test during the fourth </div><div id="a21931" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">quarter of each year.<div style="display:inline-block;width:7.96px"> </div>The Company continuously evaluates if triggering events indicate<div style="display:inline-block;width:4.81px"> </div>a possible impairment in one or more of its </div><div id="a21973" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">reporting units or indefinite-lived or long-lived assets.</div></div> 38000000.0 38000000.0 <div id="TextBlockContainer178" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:427px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a22885" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 15 – Debt<div style="display:inline-block;width:3.67px"> </div></div><div id="a22894" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">Debt as of June 30, 2021 and December 31, 2020<div style="display:inline-block;width:4.73px"> </div>includes the following:</div></div><div id="TextBlockContainer182" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:685px;height:223px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_180_XBRL_TS_a1ea4a4dd4b147d5bfada4e8581daa8f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer181" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:685px;height:223px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a22924" style="position:absolute;font-weight:bold;font-style:normal;left:345.133px;top:0px;">As of June 30, 2021 </div><div id="a22927" style="position:absolute;font-weight:bold;font-style:normal;left:521.16px;top:0px;">As of December 31, 2020 </div><div id="a22933" style="position:absolute;font-weight:bold;font-style:normal;left:316.973px;top:17.3px;">Interest </div><div id="a22936" style="position:absolute;font-weight:bold;font-style:normal;left:402.28px;top:17.3px;">Outstanding<div style="display:inline-block;width:3.55px"> </div></div><div id="a22939" style="position:absolute;font-weight:bold;font-style:normal;left:514.12px;top:17.3px;">Interest </div><div id="a22941" style="position:absolute;font-weight:bold;font-style:normal;left:588.4px;top:17.3px;">Outstanding<div style="display:inline-block;width:3.55px"> </div></div><div id="a22947" style="position:absolute;font-weight:bold;font-style:normal;left:325.933px;top:31.6px;">Rate </div><div id="a22950" style="position:absolute;font-weight:bold;font-style:normal;left:415.24px;top:31.6px;">Balance </div><div id="a22953" style="position:absolute;font-weight:bold;font-style:normal;left:523.08px;top:31.6px;">Rate </div><div id="a22955" style="position:absolute;font-weight:bold;font-style:normal;left:601.36px;top:31.6px;">Balance </div><div id="a22959" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:48px;">Credit Facilities: </div><div id="a22975" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:65.8px;">Revolver </div><div id="a22978" style="position:absolute;left:327.053px;top:65.8px;display:flex;">1.59%</div><div id="a22981" style="position:absolute;font-weight:normal;font-style:normal;left:384.52px;top:65.8px;">$ </div><div id="a22983" style="position:absolute;left:443.88px;top:65.8px;">189,503</div><div id="a22986" style="position:absolute;left:514.12px;top:65.8px;display:flex;">1.65%</div><div id="a22989" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:65.8px;">$ </div><div id="a22991" style="position:absolute;left:629.84px;top:65.8px;">160,000</div><div id="a22996" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:83.4px;">U.S. Term Loan </div><div id="a22999" style="position:absolute;left:327.053px;top:83.4px;display:flex;">1.59%</div><div id="a23003" style="position:absolute;left:443.88px;top:83.4px;">555,000</div><div id="a23006" style="position:absolute;left:514.12px;top:83.4px;display:flex;">1.65%</div><div id="a23010" style="position:absolute;left:628.88px;top:83.4px;">570,000</div><div id="a23015" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:101px;">EURO Term Loan </div><div id="a23018" style="position:absolute;left:327.053px;top:101px;display:flex;">1.50%</div><div id="a23022" style="position:absolute;left:443.88px;top:101px;">148,115</div><div id="a23025" style="position:absolute;left:514.12px;top:101px;display:flex;">1.50%</div><div id="a23029" style="position:absolute;left:628.88px;top:101px;">157,062</div><div id="a23033" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:117.5px;">Industrial development bonds </div><div id="a23036" style="position:absolute;left:327.053px;top:118.6px;display:flex;">5.26%</div><div id="a23040" style="position:absolute;left:450.6px;top:118.6px;">10,000</div><div id="a23043" style="position:absolute;left:514.12px;top:118.6px;display:flex;">5.26%</div><div id="a23047" style="position:absolute;left:635.6px;top:118.6px;">10,000</div><div id="a23051" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:135.1px;">Bank lines of credit and other debt obligations </div><div id="a23054" style="position:absolute;left:323.213px;top:136.2px;">Various</div><div id="a23058" style="position:absolute;left:457.16px;top:136.2px;">2,165</div><div id="a23061" style="position:absolute;left:510.28px;top:136.2px;">Various</div><div id="a23065" style="position:absolute;left:642.16px;top:136.2px;">2,072</div><div id="a23069" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Total debt </div><div id="a23074" style="position:absolute;font-weight:normal;font-style:normal;left:384.52px;top:153.8px;">$ </div><div id="a23076" style="position:absolute;left:443.88px;top:153.8px;">904,783</div><div id="a23081" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:153.8px;">$ </div><div id="a23083" style="position:absolute;left:628.88px;top:153.8px;">899,134</div><div id="a23087" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.3px;">Less: debt issuance costs </div><div id="a23093" style="position:absolute;left:452.36px;top:171.4px;">(9,550)</div><div id="a23099" style="position:absolute;left:630.64px;top:171.4px;">(11,099)</div><div id="a23103" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:187.9px;">Less: short-term and current portion of long-term debts </div><div id="a23113" style="position:absolute;left:445.64px;top:189px;">(48,079)</div><div id="a23119" style="position:absolute;left:630.64px;top:189px;">(38,967)</div><div id="a23123" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:206.3px;">Total long<div style="display:inline-block;width:1.36px"> </div>-term debt </div><div id="a23130" style="position:absolute;font-weight:normal;font-style:normal;left:384.52px;top:207.4px;">$ </div><div id="a23132" style="position:absolute;left:444.84px;top:207.4px;">847,154</div><div id="a23137" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:207.4px;">$ </div><div id="a23139" style="position:absolute;left:629.84px;top:207.4px;">849,068</div></div></div></div><div id="TextBlockContainer184" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:431px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a23142" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Credit facilities </div><div id="a23146" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The Company’s primary<div style="display:inline-block;width:4.76px"> </div>credit facility (as amended, the “Credit Facility”) is comprised<div style="display:inline-block;width:4.71px"> </div>of a $</div><div id="a23146_93_5" style="position:absolute;left:529.639px;top:23.4px;">400.0</div><div id="a23146_98_23" style="position:absolute;font-weight:normal;font-style:normal;left:559.719px;top:23.4px;"><div style="display:inline-block;width:3.36px"> </div>million multicurrency </div><div id="a23180" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">revolver (the “Revolver”), a $</div><div id="a23180_30_5" style="position:absolute;left:163.973px;top:38.7px;">600.0</div><div id="a23180_35_85" style="position:absolute;font-weight:normal;font-style:normal;left:194.053px;top:38.7px;"><div style="display:inline-block;width:3.36px"> </div>million term loan (the “U.S. Term<div style="display:inline-block;width:5px"> </div>Loan”), each with the Company as borrower,<div style="display:inline-block;width:5.06px"> </div>and a $</div><div id="a23180_120_5" style="position:absolute;left:665.199px;top:38.7px;">150.0</div><div id="a23180_125_1" style="position:absolute;font-weight:normal;font-style:normal;left:695.279px;top:38.7px;"> </div><div id="a23222" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">million (as of August 1, 2019) Euro equivalent term loan (the<div style="display:inline-block;width:4.71px"> </div>“EURO Term Loan”<div style="display:inline-block;width:4.89px"> </div>and together with the “U.S. Term<div style="display:inline-block;width:5.02px"> </div>Loan”, the </div><div id="a23266" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">“Term Loans”)<div style="display:inline-block;width:4.86px"> </div>with Quaker Chemical B.V.,<div style="display:inline-block;width:5.48px"> </div>a Dutch subsidiary of the Company as borrower,<div style="display:inline-block;width:4.96px"> </div>each with a </div><div id="a23266_100_9" style="position:absolute;left:571.44px;top:69.3px;">five year</div><div id="a23266_109_18" style="position:absolute;font-weight:normal;font-style:normal;left:618.48px;top:69.3px;"><div style="display:inline-block;width:3.36px"> </div>term maturing in </div><div id="a23310" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.7px;">August 2024.<div style="display:inline-block;width:7.18px"> </div>Subject to the consent of the administrative<div style="display:inline-block;width:4.3px"> </div>agent and certain other conditions, the Company may designate additional </div><div id="a23349" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">borrowers.<div style="display:inline-block;width:7.03px"> </div>The maximum amount available under the Credit Facility can be<div style="display:inline-block;width:4.73px"> </div>increased by up to $</div><div id="a23349_94_5" style="position:absolute;left:524.04px;top:100px;">300.0</div><div id="a23349_99_26" style="position:absolute;font-weight:normal;font-style:normal;left:554.12px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million at the Company’s </div><div id="a23389" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">request if there are lenders who agree to accept additional<div style="display:inline-block;width:4.87px"> </div>commitments and the Company has satisfied certain other<div style="display:inline-block;width:4.76px"> </div>conditions.<div style="display:inline-block;width:3.43px"> </div></div><div id="a23428" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.6px;">Borrowings under the Credit Facility bear interest at a base<div style="display:inline-block;width:4.8px"> </div>rate or LIBOR plus an applicable margin based upon<div style="display:inline-block;width:4.89px"> </div>the Company’s </div><div id="a23470" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:145.9px;">consolidated net leverage ratio.<div style="display:inline-block;width:7.38px"> </div>There are LIBOR replacement provisions that contemplate a further<div style="display:inline-block;width:4.88px"> </div>amendment if and when LIBOR </div><div id="a23507" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:161.3px;">ceases to be reported.<div style="display:inline-block;width:7.33px"> </div>The variable interest rate incurred on the outstanding borrowings under<div style="display:inline-block;width:4.86px"> </div>the Credit Facility as of and during the </div><div id="a23551" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:176.7px;">six months ended June 30, 2021 was approximately </div><div id="a23551_49_3" style="position:absolute;left:283.373px;top:176.7px;">1.6</div><div id="a23551_52_77" style="position:absolute;font-weight:normal;font-style:normal;left:300.173px;top:176.7px;">%.<div style="display:inline-block;width:6.74px"> </div>In addition to paying interest on outstanding principal under<div style="display:inline-block;width:4.83px"> </div>the Credit </div><div id="a23594" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192px;">Facility, the Company<div style="display:inline-block;width:4.89px"> </div>is required to pay a commitment fee ranging from </div><div id="a23594_71_3" style="position:absolute;left:396.04px;top:192px;">0.2</div><div id="a23594_74_5" style="position:absolute;font-weight:normal;font-style:normal;left:412.84px;top:192px;">% to </div><div id="a23594_79_3" style="position:absolute;left:440.84px;top:192px;">0.3</div><div id="a23594_82_46" style="position:absolute;font-weight:normal;font-style:normal;left:457.64px;top:192px;">% depending on the Company’s<div style="display:inline-block;width:4.78px"> </div>consolidated net </div><div id="a23636" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;">leverage ratio to the lenders under the Revolver in<div style="display:inline-block;width:4.55px"> </div>respect of the unutilized commitments thereunder.<div style="display:inline-block;width:8.65px"> </div>The Company has unused </div><div id="a23674" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:222.6px;">capacity under the Revolver of approximately $</div><div id="a23674_46_3" style="position:absolute;left:259.373px;top:222.6px;">206</div><div id="a23674_49_58" style="position:absolute;font-weight:normal;font-style:normal;left:279.373px;top:222.6px;"><div style="display:inline-block;width:3.36px"> </div>million, net of bank letters of credit of approximately $</div><div id="a23674_107_1" style="position:absolute;left:576.88px;top:222.6px;">4</div><div id="a23674_108_25" style="position:absolute;font-weight:normal;font-style:normal;left:583.44px;top:222.6px;"><div style="display:inline-block;width:3.36px"> </div>million, as of June 30, </div><div id="a23719" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:237.9px;">2021.<div style="display:inline-block;width:6.79px"> </div></div><div id="a23722" style="position:absolute;left:28.427px;top:261.3px;">The Credit Facility is subject to certain financial and other covenants. The Company’s initial consolidated net debt to </div><div id="a23759" style="position:absolute;left:4.427px;top:276.7px;">consolidated adjusted EBITDA ratio could not exceed 4.25 to 1, with step downs in the permitted ratio over the term of the Credit </div><div id="a23805" style="position:absolute;left:4.427px;top:292.1px;">Facility.</div><div id="a23805_9_83" style="position:absolute;font-weight:normal;font-style:normal;left:48.459px;top:292.1px;"><div style="display:inline-block;width:6.72px"> </div>As of June 30, 2021, the consolidated net debt to adjusted<div style="display:inline-block;width:4.69px"> </div>EBITDA may not exceed </div><div id="a23805_92_4" style="position:absolute;left:505.959px;top:292.1px;">4.00</div><div id="a23805_96_35" style="position:absolute;font-weight:normal;font-style:normal;left:529.319px;top:292.1px;"><div style="display:inline-block;width:3.36px"> </div>to 1.<div style="display:inline-block;width:6.79px"> </div>The Company’s consolidated </div><div id="a23850" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:307.4px;">adjusted EBITDA to interest expense ratio cannot<div style="display:inline-block;width:4.56px"> </div>be less than </div><div id="a23850_62_3" style="position:absolute;left:339.373px;top:307.4px;">3.0</div><div id="a23850_65_64" style="position:absolute;font-weight:normal;font-style:normal;left:356.173px;top:307.4px;"><div style="display:inline-block;width:3.36px"> </div>to 1 over the term of the agreement.<div style="display:inline-block;width:7.36px"> </div>The Credit Facility also </div><div id="a23896" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:322.6px;">prohibits the payment of cash dividends if the Company<div style="display:inline-block;width:4.78px"> </div>is in default or if the amount of the dividend paid annually<div style="display:inline-block;width:4.79px"> </div>exceeds the greater </div><div id="a23944" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:338px;">of $</div><div id="a23944_4_4" style="position:absolute;left:25.707px;top:338px;">50.0</div><div id="a23944_8_13" style="position:absolute;font-weight:normal;font-style:normal;left:49.099px;top:338px;"><div style="display:inline-block;width:3.2px"> </div>million and </div><div id="a23944_21_2" style="position:absolute;left:116.773px;top:338px;">20</div><div id="a23944_23_101" style="position:absolute;font-weight:normal;font-style:normal;left:130.213px;top:338px;">% of consolidated adjusted EBITDA unless the ratio of consolidated<div style="display:inline-block;width:4.7px"> </div>net debt to consolidated adjusted </div><div id="a23982" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:353.3px;">EBITDA is less than </div><div id="a23982_20_3" style="position:absolute;left:118.533px;top:353.3px;">2.0</div><div id="a23982_23_61" style="position:absolute;font-weight:normal;font-style:normal;left:135.333px;top:353.3px;"><div style="display:inline-block;width:3.36px"> </div>to 1, in which case there is no such limitation on amount.<div style="display:inline-block;width:8.05px"> </div></div><div id="a23982_84_47" style="position:absolute;left:450.279px;top:353.3px;">As of June 30, 2021 and December 31, 2020, the </div><div id="a24037" style="position:absolute;left:4.427px;top:368.7px;">Company was in compliance with all of the Credit Facility covenants.</div><div id="a24037_68_62" style="position:absolute;font-weight:normal;font-style:normal;left:377.613px;top:368.7px;"><div style="display:inline-block;width:6.72px"> </div>The Term Loans have<div style="display:inline-block;width:4.71px"> </div>quarterly principal amortization during </div><div id="a24075" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:384.1px;">their </div><div id="a24075_6_9" style="position:absolute;left:32.267px;top:384.1px;">five year</div><div id="a24075_15_13" style="position:absolute;font-weight:normal;font-style:normal;left:79.338px;top:384.1px;"><div style="display:inline-block;width:3.36px"> </div>terms, with </div><div id="a24075_28_3" style="position:absolute;left:146.053px;top:384.1px;">5.0</div><div id="a24075_31_62" style="position:absolute;font-weight:normal;font-style:normal;left:162.533px;top:384.1px;">% amortization of the principal balance due in years<div style="display:inline-block;width:4.54px"> </div>1 and 2, </div><div id="a24075_93_3" style="position:absolute;left:490.279px;top:384.1px;">7.5</div><div id="a24075_96_17" style="position:absolute;font-weight:normal;font-style:normal;left:507.079px;top:384.1px;">% in year 3, and </div><div id="a24075_113_4" style="position:absolute;left:597.359px;top:384.1px;">10.0</div><div id="a24075_117_20" style="position:absolute;font-weight:normal;font-style:normal;left:620.879px;top:384.1px;">% in years 4 and 5, </div><div id="a24131" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:399.3px;">with the remaining principal amount due at maturity.<div style="display:inline-block;width:8.87px"> </div>During the six months ended June 30, 2021, the Company made<div style="display:inline-block;width:4.7px"> </div>quarterly </div><div id="a24171" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:414.6px;">amortization payments related to the Term<div style="display:inline-block;width:5.35px"> </div>Loans totaling $</div><div id="a24171_58_4" style="position:absolute;left:321.613px;top:414.6px;">19.1</div><div id="a24171_62_63" style="position:absolute;font-weight:normal;font-style:normal;left:344.973px;top:414.6px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.82px"> </div>The Credit Facility is guaranteed by certain of the </div></div><div id="TextBlockContainer186" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:734px;height:277px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a24258" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Company’s domestic subsidiaries<div style="display:inline-block;width:4.8px"> </div>and is secured by first priority liens on substantially all of<div style="display:inline-block;width:4.83px"> </div>the assets of the Company and the </div><div id="a24301" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">domestic subsidiary guarantors, subject to certain customary exclusions.<div style="display:inline-block;width:8.33px"> </div>The obligations of the Dutch borrower are guaranteed only </div><div id="a24335" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">by certain foreign subsidiaries on an unsecured basis. </div><div id="a24351" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:53.9px;">The Credit Facility required the Company to fix its variable<div style="display:inline-block;width:4.87px"> </div>interest rates on at least </div><div id="a24351_88_2" style="position:absolute;left:478.439px;top:53.9px;">20</div><div id="a24351_90_40" style="position:absolute;font-weight:normal;font-style:normal;left:491.879px;top:53.9px;">% of its total Term Loans.<div style="display:inline-block;width:8.28px"> </div>In order to </div><div id="a24399" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">satisfy this requirement as well as to manage the<div style="display:inline-block;width:4.74px"> </div>Company’s exposure to variable<div style="display:inline-block;width:4.69px"> </div>interest rate risk associated with the Credit Facility, </div><div id="a24441" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">in November 2019, the Company entered into $</div><div id="a24441_44_5" style="position:absolute;left:259.373px;top:84.6px;">170.0</div><div id="a24441_49_78" style="position:absolute;font-weight:normal;font-style:normal;left:289.453px;top:84.6px;"><div style="display:inline-block;width:3.36px"> </div>million notional amounts of three year interest rate swaps at a base<div style="display:inline-block;width:4.72px"> </div>rate of </div><div id="a24441_127_4" style="position:absolute;left:689.679px;top:84.6px;">1.64</div><div id="a24441_131_2" style="position:absolute;font-weight:normal;font-style:normal;left:713.199px;top:84.6px;">% </div><div id="a24487" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">plus an applicable margin as provided in the<div style="display:inline-block;width:4.75px"> </div>Credit Facility, based on<div style="display:inline-block;width:4.7px"> </div>the Company’s consolidated net<div style="display:inline-block;width:4.72px"> </div>leverage ratio.<div style="display:inline-block;width:6.97px"> </div>At the time the </div><div id="a24532" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">Company entered into the swaps, and as of June 30,<div style="display:inline-block;width:4.73px"> </div>2021, the aggregate interest rate on the swaps, including the<div style="display:inline-block;width:4.53px"> </div>fixed base rate plus </div><div id="a24580" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">an applicable margin, was </div><div id="a24580_26_3" style="position:absolute;left:147.013px;top:130.7px;">3.1</div><div id="a24580_29_73" style="position:absolute;font-weight:normal;font-style:normal;left:163.653px;top:130.7px;">%.<div style="display:inline-block;width:6.74px"> </div>See Note 18 of Notes to Condensed Consolidated Financial Statements. </div><div id="a24610" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:153.9px;">The Company capitalized $</div><div id="a24610_25_4" style="position:absolute;left:175.493px;top:153.9px;">23.7</div><div id="a24610_29_103" style="position:absolute;font-weight:normal;font-style:normal;left:198.853px;top:153.9px;"><div style="display:inline-block;width:3.36px"> </div>million of certain third-party debt issuance costs in connection<div style="display:inline-block;width:4.8px"> </div>with executing the Credit Facility.<div style="display:inline-block;width:4.84px"> </div></div><div id="a24648" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.3px;">Approximately $</div><div id="a24648_15_4" style="position:absolute;left:95.339px;top:169.3px;">15.5</div><div id="a24648_19_111" style="position:absolute;font-weight:normal;font-style:normal;left:118.693px;top:169.3px;"><div style="display:inline-block;width:3.36px"> </div>million of the capitalized costs were attributed to the Term<div style="display:inline-block;width:5.55px"> </div>Loans and recorded as a direct reduction of long-</div><div id="a24690" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.6px;">term debt on the Company’s<div style="display:inline-block;width:4.74px"> </div>Condensed Consolidated Balance Sheet.<div style="display:inline-block;width:7.79px"> </div>Approximately $</div><div id="a24690_81_3" style="position:absolute;left:472.84px;top:184.6px;">8.3</div><div id="a24690_84_39" style="position:absolute;font-weight:normal;font-style:normal;left:489.48px;top:184.6px;"><div style="display:inline-block;width:3.36px"> </div>million of the capitalized costs were </div><div id="a24725" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">attributed to the Revolver and recorded within other assets on<div style="display:inline-block;width:4.8px"> </div>the Company’s Condensed Consolidated<div style="display:inline-block;width:4.89px"> </div>Balance Sheet.<div style="display:inline-block;width:7.05px"> </div>These </div><div id="a24759" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">capitalized costs are being amortized into interest expense<div style="display:inline-block;width:4.87px"> </div>over the five year term of the Credit Facility.<div style="display:inline-block;width:8.54px"> </div>As of June 30, 2021 and </div><div id="a24807" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.8px;">December 31, 2020, the Company had $</div><div id="a24807_36_3" style="position:absolute;left:220.133px;top:230.8px;">9.6</div><div id="a24807_39_14" style="position:absolute;font-weight:normal;font-style:normal;left:236.813px;top:230.8px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a24807_53_4" style="position:absolute;left:311.213px;top:230.8px;">11.1</div><div id="a24807_57_74" style="position:absolute;font-weight:normal;font-style:normal;left:334.573px;top:230.8px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively,<div style="display:inline-block;width:4.72px"> </div>of debt issuance costs recorded as a reduction of </div><div id="a24849" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:246px;">long-term debt.<div style="display:inline-block;width:7.11px"> </div>As of June 30, 2021 and December 31, 2020, the Company<div style="display:inline-block;width:4.82px"> </div>had $</div><div id="a24849_77_3" style="position:absolute;left:441.959px;top:246px;">5.1</div><div id="a24849_80_14" style="position:absolute;font-weight:normal;font-style:normal;left:458.759px;top:246px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a24849_94_3" style="position:absolute;left:533.159px;top:246px;">5.9</div><div id="a24849_97_32" style="position:absolute;font-weight:normal;font-style:normal;left:549.799px;top:246px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively, of<div style="display:inline-block;width:4.6px"> </div>debt </div><div id="a24897" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:261.3px;">issuance costs recorded within other assets.</div></div><div id="TextBlockContainer188" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:732px;height:240px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a24911" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:0px;">Industrial development bonds </div><div id="a24917" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">As of June 30, 2021 and December 31, 2020, the Company<div style="display:inline-block;width:4.66px"> </div>had fixed rate, industrial development authority bonds totaling<div style="display:inline-block;width:4.94px"> </div>$</div><div id="a24917_120_4" style="position:absolute;left:691.279px;top:23.4px;">10.0</div><div id="a24917_124_1" style="position:absolute;font-weight:normal;font-style:normal;left:714.639px;top:23.4px;"> </div><div id="a24960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">million in principal amount due in </div><div id="a24960_35_4" style="position:absolute;left:190.373px;top:38.7px;">2028</div><div id="a24960_39_74" style="position:absolute;font-weight:normal;font-style:normal;left:217.093px;top:38.7px;">.<div style="display:inline-block;width:6.8px"> </div>These bonds have similar covenants to the Credit Facility noted above. </div><div id="a24997" style="position:absolute;font-weight:normal;font-style:italic;left:4.427px;top:62.1px;">Bank lines of credit and other<div style="display:inline-block;width:4.53px"> </div>debt obligations </div><div id="a25013" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:85.3px;">The Company has certain unsecured bank lines of credit<div style="display:inline-block;width:4.89px"> </div>and discounting facilities in one of its foreign subsidiaries, which<div style="display:inline-block;width:4.74px"> </div>are not </div><div id="a25056" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100.6px;">collateralized.<div style="display:inline-block;width:7.12px"> </div>The Company’s other debt<div style="display:inline-block;width:4.7px"> </div>obligations primarily consist of certain domestic and foreign<div style="display:inline-block;width:4.88px"> </div>low interest rate or interest-</div><div id="a25092" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:116px;">free municipality-related loans, local credit facilities of<div style="display:inline-block;width:4.79px"> </div>certain foreign subsidiaries and capital lease obligations.<div style="display:inline-block;width:7.84px"> </div>Total unused </div><div id="a25127" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:131.4px;">capacity under these arrangements as of June 30, 2021<div style="display:inline-block;width:4.83px"> </div>was approximately $</div><div id="a25127_73_2" style="position:absolute;left:409.8px;top:131.4px;">40</div><div id="a25127_75_10" style="position:absolute;font-weight:normal;font-style:normal;left:423.08px;top:131.4px;"><div style="display:inline-block;width:3.36px"> </div>million. </div><div id="a25156" style="position:absolute;left:28.427px;top:154.7px;">In addition to the bank letters of credit described in the “Credit facilities” subsection above, the Company’s only other off-balance </div><div id="a25198" style="position:absolute;left:4.427px;top:169.9px;">sheet arrangements include certain financial and other guarantees. The Company’s total bank letters of credit and guarantees </div><div id="a25233" style="position:absolute;left:4.427px;top:185.3px;">outstanding as of June 30, 2021 were approximately $7 million.</div><div id="a25233_62_1" style="position:absolute;font-weight:normal;font-style:normal;left:344.813px;top:185.3px;"> </div><div id="a25256" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:208.7px;">The Company incurred the following debt related expenses<div style="display:inline-block;width:4.7px"> </div>included within Interest expense, net, in the Condensed<div style="display:inline-block;width:4.86px"> </div>Consolidated </div><div id="a25291" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:224px;">Statements of Operations:</div></div><div id="TextBlockContainer191" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a25299" style="position:absolute;font-weight:bold;font-style:normal;left:384.013px;top:0px;">Three Months Ended </div><div id="a25302" style="position:absolute;font-weight:bold;font-style:normal;left:578.16px;top:0px;">Six Months Ended </div><div id="a25305" style="position:absolute;font-weight:bold;font-style:normal;left:421px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a25308" style="position:absolute;font-weight:bold;font-style:normal;left:607.12px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a25311" style="position:absolute;font-weight:bold;font-style:normal;left:384.813px;top:34.1px;">2021 </div><div id="a25314" style="position:absolute;font-weight:bold;font-style:normal;left:477.8px;top:34.1px;">2020 </div><div id="a25317" style="position:absolute;font-weight:bold;font-style:normal;left:570.96px;top:34.1px;">2021 </div><div id="a25320" style="position:absolute;font-weight:bold;font-style:normal;left:663.92px;top:34.1px;">2020 </div><div id="a25322" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Interest expense </div><div id="a25324" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:51px;">$ </div><div id="a25326" style="position:absolute;left:404.04px;top:51px;">4,813</div><div id="a25329" style="position:absolute;font-weight:normal;font-style:normal;left:451.4px;top:51px;">$ </div><div id="a25331" style="position:absolute;left:497px;top:51px;">5,951</div><div id="a25334" style="position:absolute;font-weight:normal;font-style:normal;left:544.52px;top:51px;">$ </div><div id="a25336" style="position:absolute;left:590px;top:51px;">9,463</div><div id="a25339" style="position:absolute;font-weight:normal;font-style:normal;left:637.52px;top:51px;">$ </div><div id="a25341" style="position:absolute;left:676.4px;top:51px;">13,663</div><div id="a25343" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Amortization of debt issuance costs </div><div id="a25346" style="position:absolute;left:404.04px;top:68px;">1,188</div><div id="a25350" style="position:absolute;left:497px;top:68px;">1,188</div><div id="a25354" style="position:absolute;left:590px;top:68px;">2,375</div><div id="a25358" style="position:absolute;left:682.96px;top:68px;">2,375</div><div id="a25360" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:86.1px;">Total </div><div id="a25362" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:86.1px;">$ </div><div id="a25364" style="position:absolute;left:404.04px;top:86.1px;">6,001</div><div id="a25367" style="position:absolute;font-weight:normal;font-style:normal;left:451.4px;top:86.1px;">$ </div><div id="a25369" style="position:absolute;left:497px;top:86.1px;">7,139</div><div id="a25372" style="position:absolute;font-weight:normal;font-style:normal;left:544.52px;top:86.1px;">$ </div><div id="a25374" style="position:absolute;left:583.44px;top:86.1px;">11,838</div><div id="a25377" style="position:absolute;font-weight:normal;font-style:normal;left:637.52px;top:86.1px;">$ </div><div id="a25379" style="position:absolute;left:676.4px;top:86.1px;">16,038</div></div><div id="TextBlockContainer194" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:721px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a25381" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Based on the variable interest rates associated with the Credit<div style="display:inline-block;width:4.75px"> </div>Facility, as of June<div style="display:inline-block;width:4.73px"> </div>30, 2021 and December 31, 2020, the amounts </div><div id="a25425" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">at which the Company’s<div style="display:inline-block;width:4.75px"> </div>total debt were recorded are not materially different<div style="display:inline-block;width:4.66px"> </div>from their fair market value.</div></div> <div id="TextBlockContainer181" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:685px;height:223px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a22924" style="position:absolute;font-weight:bold;font-style:normal;left:345.133px;top:0px;">As of June 30, 2021 </div><div id="a22927" style="position:absolute;font-weight:bold;font-style:normal;left:521.16px;top:0px;">As of December 31, 2020 </div><div id="a22933" style="position:absolute;font-weight:bold;font-style:normal;left:316.973px;top:17.3px;">Interest </div><div id="a22936" style="position:absolute;font-weight:bold;font-style:normal;left:402.28px;top:17.3px;">Outstanding<div style="display:inline-block;width:3.55px"> </div></div><div id="a22939" style="position:absolute;font-weight:bold;font-style:normal;left:514.12px;top:17.3px;">Interest </div><div id="a22941" style="position:absolute;font-weight:bold;font-style:normal;left:588.4px;top:17.3px;">Outstanding<div style="display:inline-block;width:3.55px"> </div></div><div id="a22947" style="position:absolute;font-weight:bold;font-style:normal;left:325.933px;top:31.6px;">Rate </div><div id="a22950" style="position:absolute;font-weight:bold;font-style:normal;left:415.24px;top:31.6px;">Balance </div><div id="a22953" style="position:absolute;font-weight:bold;font-style:normal;left:523.08px;top:31.6px;">Rate </div><div id="a22955" style="position:absolute;font-weight:bold;font-style:normal;left:601.36px;top:31.6px;">Balance </div><div id="a22959" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:48px;">Credit Facilities: </div><div id="a22975" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:65.8px;">Revolver </div><div id="a22978" style="position:absolute;left:327.053px;top:65.8px;display:flex;">1.59%</div><div id="a22981" style="position:absolute;font-weight:normal;font-style:normal;left:384.52px;top:65.8px;">$ </div><div id="a22983" style="position:absolute;left:443.88px;top:65.8px;">189,503</div><div id="a22986" style="position:absolute;left:514.12px;top:65.8px;display:flex;">1.65%</div><div id="a22989" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:65.8px;">$ </div><div id="a22991" style="position:absolute;left:629.84px;top:65.8px;">160,000</div><div id="a22996" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:83.4px;">U.S. Term Loan </div><div id="a22999" style="position:absolute;left:327.053px;top:83.4px;display:flex;">1.59%</div><div id="a23003" style="position:absolute;left:443.88px;top:83.4px;">555,000</div><div id="a23006" style="position:absolute;left:514.12px;top:83.4px;display:flex;">1.65%</div><div id="a23010" style="position:absolute;left:628.88px;top:83.4px;">570,000</div><div id="a23015" style="position:absolute;font-weight:normal;font-style:normal;left:19.467px;top:101px;">EURO Term Loan </div><div id="a23018" style="position:absolute;left:327.053px;top:101px;display:flex;">1.50%</div><div id="a23022" style="position:absolute;left:443.88px;top:101px;">148,115</div><div id="a23025" style="position:absolute;left:514.12px;top:101px;display:flex;">1.50%</div><div id="a23029" style="position:absolute;left:628.88px;top:101px;">157,062</div><div id="a23033" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:117.5px;">Industrial development bonds </div><div id="a23036" style="position:absolute;left:327.053px;top:118.6px;display:flex;">5.26%</div><div id="a23040" style="position:absolute;left:450.6px;top:118.6px;">10,000</div><div id="a23043" style="position:absolute;left:514.12px;top:118.6px;display:flex;">5.26%</div><div id="a23047" style="position:absolute;left:635.6px;top:118.6px;">10,000</div><div id="a23051" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:135.1px;">Bank lines of credit and other debt obligations </div><div id="a23054" style="position:absolute;left:323.213px;top:136.2px;">Various</div><div id="a23058" style="position:absolute;left:457.16px;top:136.2px;">2,165</div><div id="a23061" style="position:absolute;left:510.28px;top:136.2px;">Various</div><div id="a23065" style="position:absolute;left:642.16px;top:136.2px;">2,072</div><div id="a23069" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153px;">Total debt </div><div id="a23074" style="position:absolute;font-weight:normal;font-style:normal;left:384.52px;top:153.8px;">$ </div><div id="a23076" style="position:absolute;left:443.88px;top:153.8px;">904,783</div><div id="a23081" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:153.8px;">$ </div><div id="a23083" style="position:absolute;left:628.88px;top:153.8px;">899,134</div><div id="a23087" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:170.3px;">Less: debt issuance costs </div><div id="a23093" style="position:absolute;left:452.36px;top:171.4px;">(9,550)</div><div id="a23099" style="position:absolute;left:630.64px;top:171.4px;">(11,099)</div><div id="a23103" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:187.9px;">Less: short-term and current portion of long-term debts </div><div id="a23113" style="position:absolute;left:445.64px;top:189px;">(48,079)</div><div id="a23119" style="position:absolute;left:630.64px;top:189px;">(38,967)</div><div id="a23123" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:206.3px;">Total long<div style="display:inline-block;width:1.36px"> </div>-term debt </div><div id="a23130" style="position:absolute;font-weight:normal;font-style:normal;left:384.52px;top:207.4px;">$ </div><div id="a23132" style="position:absolute;left:444.84px;top:207.4px;">847,154</div><div id="a23137" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:207.4px;">$ </div><div id="a23139" style="position:absolute;left:629.84px;top:207.4px;">849,068</div></div> 1.59 189503000 1.65 160000000 1.59 555000000 1.65 570000000 1.50 148115000 1.50 157062000 5.26 10000000 5.26 10000000 Various 2165000 Various 2072000 904783000 899134000 9550000 11099000 48079000 38967000 847154000 847154000 849068000 849068000 400000000.0 600000000.0 150000000.0 P5Y 300000000.0 0.016 0.002 0.003 206000000 4000000 The Credit Facility is subject to certain financial and other covenants. 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. 4.25 4.00 3.0 50000000.0 0.20 2.0 As of June 30, 2021 and December 31, 2020, the Company was in compliance with all of the Credit Facility covenants. P5Y 0.050 0.075 0.100 19100000 0.20 170000000.0 0.0164 0.031 23700000 15500000 8300000 9600000 11100000 5100000 5900000 10000000.0 10000000.0 2028 40000000 In addition to the bank letters of credit described in the “Credit facilities” subsection above, the Company’s only other off-balance sheet arrangements include certain financial and other guarantees. The Company’s total bank letters of credit and guarantees outstanding as of June 30, 2021 were approximately $7 million. 7000000 <div id="TextBlockContainer192" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_190_XBRL_TS_207f68d821cb4a09ac6e703a54e25dd0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer191" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:722px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a25299" style="position:absolute;font-weight:bold;font-style:normal;left:384.013px;top:0px;">Three Months Ended </div><div id="a25302" style="position:absolute;font-weight:bold;font-style:normal;left:578.16px;top:0px;">Six Months Ended </div><div id="a25305" style="position:absolute;font-weight:bold;font-style:normal;left:421px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a25308" style="position:absolute;font-weight:bold;font-style:normal;left:607.12px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a25311" style="position:absolute;font-weight:bold;font-style:normal;left:384.813px;top:34.1px;">2021 </div><div id="a25314" style="position:absolute;font-weight:bold;font-style:normal;left:477.8px;top:34.1px;">2020 </div><div id="a25317" style="position:absolute;font-weight:bold;font-style:normal;left:570.96px;top:34.1px;">2021 </div><div id="a25320" style="position:absolute;font-weight:bold;font-style:normal;left:663.92px;top:34.1px;">2020 </div><div id="a25322" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51px;">Interest expense </div><div id="a25324" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:51px;">$ </div><div id="a25326" style="position:absolute;left:404.04px;top:51px;">4,813</div><div id="a25329" style="position:absolute;font-weight:normal;font-style:normal;left:451.4px;top:51px;">$ </div><div id="a25331" style="position:absolute;left:497px;top:51px;">5,951</div><div id="a25334" style="position:absolute;font-weight:normal;font-style:normal;left:544.52px;top:51px;">$ </div><div id="a25336" style="position:absolute;left:590px;top:51px;">9,463</div><div id="a25339" style="position:absolute;font-weight:normal;font-style:normal;left:637.52px;top:51px;">$ </div><div id="a25341" style="position:absolute;left:676.4px;top:51px;">13,663</div><div id="a25343" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">Amortization of debt issuance costs </div><div id="a25346" style="position:absolute;left:404.04px;top:68px;">1,188</div><div id="a25350" style="position:absolute;left:497px;top:68px;">1,188</div><div id="a25354" style="position:absolute;left:590px;top:68px;">2,375</div><div id="a25358" style="position:absolute;left:682.96px;top:68px;">2,375</div><div id="a25360" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:86.1px;">Total </div><div id="a25362" style="position:absolute;font-weight:normal;font-style:normal;left:358.413px;top:86.1px;">$ </div><div id="a25364" style="position:absolute;left:404.04px;top:86.1px;">6,001</div><div id="a25367" style="position:absolute;font-weight:normal;font-style:normal;left:451.4px;top:86.1px;">$ </div><div id="a25369" style="position:absolute;left:497px;top:86.1px;">7,139</div><div id="a25372" style="position:absolute;font-weight:normal;font-style:normal;left:544.52px;top:86.1px;">$ </div><div id="a25374" style="position:absolute;left:583.44px;top:86.1px;">11,838</div><div id="a25377" style="position:absolute;font-weight:normal;font-style:normal;left:637.52px;top:86.1px;">$ </div><div id="a25379" style="position:absolute;left:676.4px;top:86.1px;">16,038</div></div></div></div> 4813000 5951000 9463000 13663000 1188000 1188000 2375000 2375000 6001000 7139000 11838000 16038000 <div id="TextBlockContainer196" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:688px;height:39px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a25508" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 16 – Equity </div><div id="a25516" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The following tables present the changes in equity,<div style="display:inline-block;width:5.44px"> </div>net of tax, for the three and six months ended June 30, 2021<div style="display:inline-block;width:4.72px"> </div>and 2020:</div></div><div id="TextBlockContainer199" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:362px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a25575" style="position:absolute;font-weight:bold;font-style:normal;left:463.72px;top:0px;">Accumulated </div><div id="a25589" style="position:absolute;font-weight:bold;font-style:normal;left:317.773px;top:14.9px;">Capital in </div><div id="a25595" style="position:absolute;font-weight:bold;font-style:normal;left:484.52px;top:14.9px;">Other </div><div id="a25606" style="position:absolute;font-weight:bold;font-style:normal;left:255.053px;top:29.9px;">Common </div><div id="a25609" style="position:absolute;font-weight:bold;font-style:normal;left:320.013px;top:29.9px;">Excess of </div><div id="a25612" style="position:absolute;font-weight:bold;font-style:normal;left:391.053px;top:29.9px;">Retained </div><div id="a25615" style="position:absolute;font-weight:bold;font-style:normal;left:457px;top:29.9px;">Comprehensive </div><div id="a25618" style="position:absolute;font-weight:bold;font-style:normal;left:555.08px;top:29.9px;">Noncontrolling </div><div id="a25626" style="position:absolute;font-weight:bold;font-style:normal;left:265.453px;top:45px;">Stock </div><div id="a25629" style="position:absolute;font-weight:bold;font-style:normal;left:317.293px;top:45px;">Par Value </div><div id="a25632" style="position:absolute;font-weight:bold;font-style:normal;left:390.573px;top:45px;">Earnings </div><div id="a25635" style="position:absolute;font-weight:bold;font-style:normal;left:488.52px;top:45px;">Loss </div><div id="a25638" style="position:absolute;font-weight:bold;font-style:normal;left:575.76px;top:45px;">Interest </div><div id="a25641" style="position:absolute;font-weight:bold;font-style:normal;left:669.84px;top:45px;">Total </div><div id="a25643" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:62.2px;">Balance at March 31, 2021 </div><div id="a25645" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:62.2px;">$ </div><div id="a25647" style="position:absolute;left:267.853px;top:62.2px;">17,875</div><div id="a25650" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:62.2px;">$ </div><div id="a25652" style="position:absolute;left:329.293px;top:62.2px;">908,748</div><div id="a25655" style="position:absolute;font-weight:normal;font-style:normal;left:383.533px;top:62.2px;">$ </div><div id="a25657" style="position:absolute;left:402.28px;top:62.2px;">455,493</div><div id="a25660" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:62.2px;">$ </div><div id="a25662" style="position:absolute;left:501px;top:62.2px;">(53,228)</div><div id="a25665" style="position:absolute;font-weight:normal;font-style:normal;left:553.48px;top:62.2px;">$ </div><div id="a25667" style="position:absolute;left:618.64px;top:62.2px;">565</div><div id="a25670" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:62.2px;">$ </div><div id="a25672" style="position:absolute;left:663.44px;top:62.2px;">1,329,453</div><div id="a25675" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:79.8px;">Net income </div><div id="a25678" style="position:absolute;left:291.213px;top:79.8px;">—</div><div id="a25682" style="position:absolute;left:359.373px;top:79.8px;">—</div><div id="a25686" style="position:absolute;left:409px;top:79.8px;">33,570</div><div id="a25690" style="position:absolute;left:529.32px;top:79.8px;">—</div><div id="a25694" style="position:absolute;left:625.36px;top:79.8px;">30</div><div id="a25698" style="position:absolute;left:680.08px;top:79.8px;">33,600</div><div id="a25701" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:97.4px;">Amounts reported in other comprehensive<div style="display:inline-block;width:4.32px"> </div></div><div id="a25722" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:115px;">income </div><div id="a25725" style="position:absolute;left:291.213px;top:115px;">—</div><div id="a25729" style="position:absolute;left:359.373px;top:115px;">—</div><div id="a25733" style="position:absolute;left:432.36px;top:115px;">—</div><div id="a25737" style="position:absolute;left:505.96px;top:115px;">17,285</div><div id="a25741" style="position:absolute;left:631.92px;top:115px;">8</div><div id="a25745" style="position:absolute;left:680.08px;top:115px;">17,293</div><div id="a25748" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:132.6px;">Dividends ($</div><div id="a25748_12_5" style="position:absolute;left:83.786px;top:132.6px;">0.395</div><div id="a25748_17_12" style="position:absolute;font-weight:normal;font-style:normal;left:113.706px;top:132.6px;"><div style="display:inline-block;width:3.36px"> </div>per share) </div><div id="a25751" style="position:absolute;left:291.213px;top:132.6px;">—</div><div id="a25755" style="position:absolute;left:359.373px;top:132.6px;">—</div><div id="a25759" style="position:absolute;left:410.76px;top:132.6px;">(7,062)</div><div id="a25763" style="position:absolute;left:529.32px;top:132.6px;">—</div><div id="a25767" style="position:absolute;left:625.36px;top:132.6px;">—</div><div id="a25771" style="position:absolute;left:681.84px;top:132.6px;">(7,062)</div><div id="a25774" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:150.2px;">Share issuance and equity-based </div><div id="a25797" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:167.9px;">compensation plans </div><div id="a25800" style="position:absolute;left:297.773px;top:167.9px;">3</div><div id="a25804" style="position:absolute;left:342.573px;top:167.9px;">2,114</div><div id="a25808" style="position:absolute;left:432.36px;top:167.9px;">—</div><div id="a25812" style="position:absolute;left:529.32px;top:167.9px;">—</div><div id="a25816" style="position:absolute;left:625.36px;top:167.9px;">—</div><div id="a25820" style="position:absolute;left:686.64px;top:167.9px;">2,117</div><div id="a25822" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:186.3px;">Balance at June 30, 2021 </div><div id="a25824" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:186.3px;">$ </div><div id="a25826" style="position:absolute;left:267.853px;top:186.3px;">17,878</div><div id="a25829" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:186.3px;">$ </div><div id="a25831" style="position:absolute;left:329.293px;top:186.3px;">910,862</div><div id="a25834" style="position:absolute;font-weight:normal;font-style:normal;left:383.533px;top:186.3px;">$ </div><div id="a25836" style="position:absolute;left:402.28px;top:186.3px;">482,001</div><div id="a25839" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:186.3px;">$ </div><div id="a25841" style="position:absolute;left:501px;top:186.3px;">(35,943)</div><div id="a25844" style="position:absolute;font-weight:normal;font-style:normal;left:553.48px;top:186.3px;">$ </div><div id="a25846" style="position:absolute;left:618.64px;top:186.3px;">603</div><div id="a25849" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:186.3px;">$ </div><div id="a25851" style="position:absolute;left:663.44px;top:186.3px;">1,375,401</div><div id="a25873" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:222.3px;">Balance at March 31, 2020 </div><div id="a25875" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:222.3px;">$ </div><div id="a25877" style="position:absolute;left:267.853px;top:222.3px;">17,752</div><div id="a25880" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:222.3px;">$ </div><div id="a25882" style="position:absolute;left:329.293px;top:222.3px;">888,533</div><div id="a25885" style="position:absolute;font-weight:normal;font-style:normal;left:383.533px;top:222.3px;">$ </div><div id="a25887" style="position:absolute;left:402.28px;top:222.3px;">376,853</div><div id="a25890" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:222.3px;">$ </div><div id="a25892" style="position:absolute;left:494.44px;top:222.3px;">(121,524)</div><div id="a25895" style="position:absolute;font-weight:normal;font-style:normal;left:553.48px;top:222.3px;">$ </div><div id="a25897" style="position:absolute;left:618.64px;top:222.3px;">418</div><div id="a25900" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:222.3px;">$ </div><div id="a25902" style="position:absolute;left:663.44px;top:222.3px;">1,162,032</div><div id="a25905" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:239.9px;">Net (loss) income </div><div id="a25908" style="position:absolute;left:291.213px;top:239.9px;">—</div><div id="a25912" style="position:absolute;left:359.373px;top:239.9px;">—</div><div id="a25916" style="position:absolute;left:410.76px;top:239.9px;">(7,735)</div><div id="a25920" style="position:absolute;left:529.32px;top:239.9px;">—</div><div id="a25924" style="position:absolute;left:625.36px;top:239.9px;">13</div><div id="a25928" style="position:absolute;left:681.84px;top:239.9px;">(7,722)</div><div id="a25931" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:257.5px;">Amounts reported in other comprehensive<div style="display:inline-block;width:4.32px"> </div></div><div id="a25952" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:275.1px;">income </div><div id="a25955" style="position:absolute;left:291.213px;top:275.1px;">—</div><div id="a25959" style="position:absolute;left:359.373px;top:275.1px;">—</div><div id="a25963" style="position:absolute;left:432.36px;top:275.1px;">—</div><div id="a25967" style="position:absolute;left:505.96px;top:275.1px;">12,260</div><div id="a25971" style="position:absolute;left:631.92px;top:275.1px;">1</div><div id="a25975" style="position:absolute;left:680.08px;top:275.1px;">12,261</div><div id="a25978" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:292.7px;">Dividends ($</div><div id="a25978_12_5" style="position:absolute;left:83.786px;top:292.7px;">0.385</div><div id="a25978_17_12" style="position:absolute;font-weight:normal;font-style:normal;left:113.706px;top:292.7px;"><div style="display:inline-block;width:3.36px"> </div>per share) </div><div id="a25981" style="position:absolute;left:291.213px;top:292.7px;">—</div><div id="a25985" style="position:absolute;left:359.373px;top:292.7px;">—</div><div id="a25989" style="position:absolute;left:410.76px;top:292.7px;">(6,853)</div><div id="a25993" style="position:absolute;left:529.32px;top:292.7px;">—</div><div id="a25997" style="position:absolute;left:625.36px;top:292.7px;">—</div><div id="a26001" style="position:absolute;left:681.84px;top:292.7px;">(6,853)</div><div id="a26004" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:310.3px;">Share issuance and equity-based </div><div id="a26027" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:327.9px;">compensation plans </div><div id="a26030" style="position:absolute;left:291.213px;top:327.9px;">48</div><div id="a26034" style="position:absolute;left:342.573px;top:327.9px;">7,575</div><div id="a26038" style="position:absolute;left:432.36px;top:327.9px;">—</div><div id="a26042" style="position:absolute;left:529.32px;top:327.9px;">—</div><div id="a26046" style="position:absolute;left:625.36px;top:327.9px;">—</div><div id="a26050" style="position:absolute;left:686.64px;top:327.9px;">7,623</div><div id="a26052" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:346.3px;">Balance at June 30, 2020 </div><div id="a26054" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:346.3px;">$ </div><div id="a26056" style="position:absolute;left:267.853px;top:346.3px;">17,800</div><div id="a26059" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:345px;">$ </div><div id="a26061" style="position:absolute;left:329.293px;top:346.3px;">896,108</div><div id="a26064" style="position:absolute;font-weight:normal;font-style:normal;left:383.533px;top:346.3px;">$ </div><div id="a26066" style="position:absolute;left:402.28px;top:346.3px;">362,265</div><div id="a26069" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:346.3px;">$ </div><div id="a26071" style="position:absolute;left:494.44px;top:346.3px;">(109,264)</div><div id="a26074" style="position:absolute;font-weight:normal;font-style:normal;left:553.48px;top:346.3px;">$ </div><div id="a26076" style="position:absolute;left:618.64px;top:346.3px;">432</div><div id="a26079" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:346.3px;">$ </div><div id="a26081" style="position:absolute;left:663.44px;top:346.3px;">1,167,341</div></div><div id="TextBlockContainer203" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:742px;height:450px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26145" style="position:absolute;font-weight:bold;font-style:normal;left:475.72px;top:0px;">Accumulated </div><div id="a26159" style="position:absolute;font-weight:bold;font-style:normal;left:323.693px;top:15px;">Capital in </div><div id="a26165" style="position:absolute;font-weight:bold;font-style:normal;left:496.52px;top:15px;">Other </div><div id="a26176" style="position:absolute;font-weight:bold;font-style:normal;left:255.053px;top:29.9px;">Common </div><div id="a26179" style="position:absolute;font-weight:bold;font-style:normal;left:325.933px;top:29.9px;">Excess of </div><div id="a26182" style="position:absolute;font-weight:bold;font-style:normal;left:403.08px;top:29.9px;">Retained </div><div id="a26185" style="position:absolute;font-weight:bold;font-style:normal;left:469px;top:29.9px;">Comprehensive </div><div id="a26188" style="position:absolute;font-weight:bold;font-style:normal;left:567.08px;top:29.9px;">Noncontrolling </div><div id="a26196" style="position:absolute;font-weight:bold;font-style:normal;left:265.453px;top:45px;">Stock </div><div id="a26199" style="position:absolute;font-weight:bold;font-style:normal;left:323.373px;top:45px;">Par Value </div><div id="a26202" style="position:absolute;font-weight:bold;font-style:normal;left:402.6px;top:45px;">Earnings </div><div id="a26205" style="position:absolute;font-weight:bold;font-style:normal;left:500.52px;top:45px;">Loss </div><div id="a26208" style="position:absolute;font-weight:bold;font-style:normal;left:587.76px;top:45px;">Interest </div><div id="a26211" style="position:absolute;font-weight:bold;font-style:normal;left:681.84px;top:45px;">Total </div><div id="a26213" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:62.2px;">Balance at December 31, 2020 </div><div id="a26215" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:62.2px;">$ </div><div id="a26217" style="position:absolute;left:267.853px;top:62.2px;">17,851</div><div id="a26220" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:62.2px;">$ </div><div id="a26222" style="position:absolute;left:341.293px;top:62.2px;">905,171</div><div id="a26225" style="position:absolute;font-weight:normal;font-style:normal;left:395.56px;top:62.2px;">$ </div><div id="a26227" style="position:absolute;left:414.28px;top:62.2px;">423,940</div><div id="a26230" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:62.2px;">$ </div><div id="a26232" style="position:absolute;left:513px;top:62.2px;">(26,598)</div><div id="a26235" style="position:absolute;font-weight:normal;font-style:normal;left:565.48px;top:62.2px;">$ </div><div id="a26237" style="position:absolute;left:630.64px;top:62.2px;">550</div><div id="a26240" style="position:absolute;font-weight:normal;font-style:normal;left:661.52px;top:62.2px;">$ </div><div id="a26242" style="position:absolute;left:675.44px;top:62.2px;">1,320,914</div><div id="a26245" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:79.8px;">Net income </div><div id="a26248" style="position:absolute;left:291.213px;top:79.8px;">—</div><div id="a26252" style="position:absolute;left:371.373px;top:79.8px;">—</div><div id="a26256" style="position:absolute;left:421px;top:79.8px;">72,185</div><div id="a26260" style="position:absolute;left:541.32px;top:79.8px;">—</div><div id="a26264" style="position:absolute;left:637.36px;top:79.8px;">47</div><div id="a26268" style="position:absolute;left:692.08px;top:79.8px;">72,232</div><div id="a26271" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:97.4px;">Amounts reported in other comprehensive<div style="display:inline-block;width:4.32px"> </div></div><div id="a26292" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:115px;">(loss) income </div><div id="a26295" style="position:absolute;left:291.213px;top:115px;">—</div><div id="a26299" style="position:absolute;left:371.373px;top:115px;">—</div><div id="a26303" style="position:absolute;left:444.36px;top:115px;">—</div><div id="a26307" style="position:absolute;left:519.72px;top:115px;">(9,345)</div><div id="a26311" style="position:absolute;left:643.92px;top:115px;">6</div><div id="a26315" style="position:absolute;left:693.84px;top:115px;">(9,339)</div><div id="a26318" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:132.6px;">Dividends ($</div><div id="a26318_12_5" style="position:absolute;left:83.786px;top:132.6px;">0.790</div><div id="a26318_17_12" style="position:absolute;font-weight:normal;font-style:normal;left:113.706px;top:132.6px;"><div style="display:inline-block;width:3.36px"> </div>per share) </div><div id="a26321" style="position:absolute;left:291.213px;top:132.6px;">—</div><div id="a26325" style="position:absolute;left:371.373px;top:132.6px;">—</div><div id="a26329" style="position:absolute;left:416.04px;top:132.6px;">(14,124)</div><div id="a26333" style="position:absolute;left:541.32px;top:132.6px;">—</div><div id="a26337" style="position:absolute;left:637.36px;top:132.6px;">—</div><div id="a26341" style="position:absolute;left:687.12px;top:132.6px;">(14,124)</div><div id="a26344" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:150.2px;">Share issuance and equity-based </div><div id="a26367" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:167.8px;">compensation plans </div><div id="a26370" style="position:absolute;left:291.213px;top:167.8px;">27</div><div id="a26374" style="position:absolute;left:354.573px;top:167.8px;">5,691</div><div id="a26378" style="position:absolute;left:444.36px;top:167.8px;">—</div><div id="a26382" style="position:absolute;left:541.32px;top:167.8px;">—</div><div id="a26386" style="position:absolute;left:637.36px;top:167.8px;">—</div><div id="a26390" style="position:absolute;left:698.64px;top:167.8px;">5,718</div><div id="a26392" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:186.2px;">Balance at June 30, 2021 </div><div id="a26394" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:186.2px;">$ </div><div id="a26396" style="position:absolute;left:267.853px;top:186.2px;">17,878</div><div id="a26399" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:186.2px;">$ </div><div id="a26401" style="position:absolute;left:341.293px;top:186.2px;">910,862</div><div id="a26404" style="position:absolute;font-weight:normal;font-style:normal;left:395.56px;top:186.2px;">$ </div><div id="a26406" style="position:absolute;left:414.28px;top:186.2px;">482,001</div><div id="a26409" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:186.2px;">$ </div><div id="a26411" style="position:absolute;left:513px;top:186.2px;">(35,943)</div><div id="a26414" style="position:absolute;font-weight:normal;font-style:normal;left:565.48px;top:186.2px;">$ </div><div id="a26416" style="position:absolute;left:630.64px;top:186.2px;">603</div><div id="a26419" style="position:absolute;font-weight:normal;font-style:normal;left:661.52px;top:186.2px;">$ </div><div id="a26421" style="position:absolute;left:675.44px;top:186.2px;">1,375,401</div><div id="a26444" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:222.3px;">Balance at December 31, 2019 </div><div id="a26446" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:222.3px;">$ </div><div id="a26448" style="position:absolute;left:267.853px;top:222.3px;">17,735</div><div id="a26451" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:222.3px;">$ </div><div id="a26453" style="position:absolute;left:341.293px;top:222.3px;">888,218</div><div id="a26456" style="position:absolute;font-weight:normal;font-style:normal;left:395.56px;top:222.3px;">$ </div><div id="a26458" style="position:absolute;left:414.28px;top:222.3px;">412,979</div><div id="a26461" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:222.3px;">$ </div><div id="a26463" style="position:absolute;left:513px;top:222.3px;">(78,170)</div><div id="a26466" style="position:absolute;font-weight:normal;font-style:normal;left:565.48px;top:222.3px;">$ </div><div id="a26468" style="position:absolute;left:620.56px;top:222.3px;">1,604</div><div id="a26471" style="position:absolute;font-weight:normal;font-style:normal;left:661.52px;top:222.3px;">$ </div><div id="a26473" style="position:absolute;left:675.44px;top:222.3px;">1,242,366</div><div id="a26476" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:239.9px;">Cumulative effect of an accounting change </div><div id="a26479" style="position:absolute;left:291.213px;top:239.9px;">—</div><div id="a26483" style="position:absolute;left:371.373px;top:239.9px;">—</div><div id="a26487" style="position:absolute;left:432.68px;top:239.9px;">(911)</div><div id="a26491" style="position:absolute;left:541.32px;top:239.9px;">—</div><div id="a26495" style="position:absolute;left:637.36px;top:239.9px;">—</div><div id="a26499" style="position:absolute;left:703.76px;top:239.9px;">(911)</div><div id="a26501" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:257.5px;">Balance at January 1, 2020 </div><div id="a26504" style="position:absolute;left:267.853px;top:257.5px;">17,735</div><div id="a26508" style="position:absolute;left:341.293px;top:257.5px;">888,218</div><div id="a26512" style="position:absolute;left:414.28px;top:257.5px;">412,068</div><div id="a26516" style="position:absolute;left:513px;top:257.5px;">(78,170)</div><div id="a26520" style="position:absolute;left:620.56px;top:257.5px;">1,604</div><div id="a26524" style="position:absolute;left:675.44px;top:257.5px;">1,241,455</div><div id="a26527" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:275.1px;">Net (loss) income </div><div id="a26530" style="position:absolute;left:291.213px;top:275.1px;">—</div><div id="a26534" style="position:absolute;left:371.373px;top:275.1px;">—</div><div id="a26538" style="position:absolute;left:416.04px;top:275.1px;">(36,116)</div><div id="a26542" style="position:absolute;left:541.32px;top:275.1px;">—</div><div id="a26546" style="position:absolute;left:637.36px;top:275.1px;">50</div><div id="a26550" style="position:absolute;left:687.12px;top:275.1px;">(36,066)</div><div id="a26553" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:292.7px;">Amounts reported in other comprehensive<div style="display:inline-block;width:4.32px"> </div></div><div id="a26574" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:310.3px;">loss </div><div id="a26577" style="position:absolute;left:291.213px;top:310.3px;">—</div><div id="a26581" style="position:absolute;left:371.373px;top:310.3px;">—</div><div id="a26585" style="position:absolute;left:444.36px;top:310.3px;">—</div><div id="a26589" style="position:absolute;left:513px;top:310.3px;">(31,094)</div><div id="a26593" style="position:absolute;left:625.68px;top:310.3px;">(131)</div><div id="a26597" style="position:absolute;left:687.12px;top:310.3px;">(31,225)</div><div id="a26600" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:327.9px;">Dividends ($</div><div id="a26600_12_5" style="position:absolute;left:83.786px;top:327.9px;">0.770</div><div id="a26600_17_13" style="position:absolute;font-weight:normal;font-style:normal;left:113.706px;top:327.9px;">0 per share) </div><div id="a26603" style="position:absolute;left:291.213px;top:327.9px;">—</div><div id="a26607" style="position:absolute;left:371.373px;top:327.9px;">—</div><div id="a26611" style="position:absolute;left:416.04px;top:327.9px;">(13,687)</div><div id="a26615" style="position:absolute;left:541.32px;top:327.9px;">—</div><div id="a26619" style="position:absolute;left:637.36px;top:327.9px;">—</div><div id="a26623" style="position:absolute;left:687.12px;top:327.9px;">(13,687)</div><div id="a26626" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:345.5px;">Acquisition of noncontrolling interest </div><div id="a26629" style="position:absolute;left:291.213px;top:345.5px;">—</div><div id="a26633" style="position:absolute;left:359.693px;top:345.5px;">(707)</div><div id="a26637" style="position:absolute;left:444.36px;top:345.5px;">—</div><div id="a26641" style="position:absolute;left:541.32px;top:345.5px;">—</div><div id="a26645" style="position:absolute;left:625.68px;top:345.5px;">(340)</div><div id="a26649" style="position:absolute;left:693.84px;top:345.5px;">(1,047)</div><div id="a26652" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:363.1px;">Distributions to noncontrolling affiliate </div><div id="a26673" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:380.7px;">shareholders </div><div id="a26676" style="position:absolute;left:291.213px;top:380.7px;">—</div><div id="a26680" style="position:absolute;left:371.373px;top:380.7px;">—</div><div id="a26684" style="position:absolute;left:444.36px;top:380.7px;">—</div><div id="a26688" style="position:absolute;left:541.32px;top:380.7px;">—</div><div id="a26692" style="position:absolute;left:625.68px;top:380.7px;">(751)</div><div id="a26696" style="position:absolute;left:703.76px;top:380.7px;">(751)</div><div id="a26699" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:398.3px;">Share issuance and equity-based </div><div id="a26722" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:415.9px;">compensation plans </div><div id="a26725" style="position:absolute;left:291.213px;top:415.9px;">65</div><div id="a26729" style="position:absolute;left:354.573px;top:415.9px;">8,597</div><div id="a26733" style="position:absolute;left:444.36px;top:415.9px;">—</div><div id="a26737" style="position:absolute;left:541.32px;top:415.9px;">—</div><div id="a26741" style="position:absolute;left:637.36px;top:415.9px;">—</div><div id="a26745" style="position:absolute;left:698.64px;top:415.9px;">8,662</div><div id="a26747" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:434.3px;">Balance at June 30, 2020 </div><div id="a26749" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:434.3px;">$ </div><div id="a26751" style="position:absolute;left:267.853px;top:434.3px;">17,800</div><div id="a26754" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:434.3px;">$ </div><div id="a26756" style="position:absolute;left:341.293px;top:434.3px;">896,108</div><div id="a26759" style="position:absolute;font-weight:normal;font-style:normal;left:395.56px;top:434.3px;">$ </div><div id="a26761" style="position:absolute;left:414.28px;top:434.3px;">362,265</div><div id="a26764" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:434.3px;">$ </div><div id="a26766" style="position:absolute;left:506.44px;top:434.3px;">(109,264)</div><div id="a26769" style="position:absolute;font-weight:normal;font-style:normal;left:565.48px;top:434.3px;">$ </div><div id="a26771" style="position:absolute;left:630.64px;top:434.3px;">432</div><div id="a26774" style="position:absolute;font-weight:normal;font-style:normal;left:661.52px;top:434.3px;">$ </div><div id="a26776" style="position:absolute;left:675.44px;top:434.3px;">1,167,341</div></div><div id="TextBlockContainer206" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:725px;height:31px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26827" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The following tables show the reclassifications from and<div style="display:inline-block;width:4.68px"> </div>resulting balances of AOCI for the three and six months ended<div style="display:inline-block;width:5.02px"> </div>June 30, </div><div id="a26869" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">2021 and 2020:</div></div><div id="TextBlockContainer209" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:288px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26882" style="position:absolute;font-weight:bold;font-style:normal;left:413.32px;top:0px;">Defined </div><div id="a26885" style="position:absolute;font-weight:bold;font-style:normal;left:491.4px;top:0px;">Unrealized </div><div id="a26897" style="position:absolute;font-weight:bold;font-style:normal;left:324.973px;top:17px;">Currency </div><div id="a26901" style="position:absolute;font-weight:bold;font-style:normal;left:415.08px;top:17px;">Benefit </div><div id="a26904" style="position:absolute;font-weight:bold;font-style:normal;left:482.28px;top:17px;">Gain (Loss) in<div style="display:inline-block;width:3.72px"> </div></div><div id="a26916" style="position:absolute;font-weight:bold;font-style:normal;left:319.053px;top:34.1px;">Translation </div><div id="a26919" style="position:absolute;font-weight:bold;font-style:normal;left:413.32px;top:34.1px;">Pension </div><div id="a26922" style="position:absolute;font-weight:bold;font-style:normal;left:482.6px;top:34.1px;">Available-for<div style="display:inline-block;width:1.37px"> </div>- </div><div id="a26928" style="position:absolute;font-weight:bold;font-style:normal;left:580.08px;top:34.1px;">Derivative </div><div id="a26937" style="position:absolute;font-weight:bold;font-style:normal;left:316.173px;top:51px;">Adjustments </div><div id="a26940" style="position:absolute;font-weight:bold;font-style:normal;left:419.88px;top:51px;">Plans </div><div id="a26942" style="position:absolute;font-weight:bold;font-style:normal;left:481.32px;top:51px;">Sale Securities </div><div id="a26944" style="position:absolute;font-weight:bold;font-style:normal;left:574.8px;top:51px;">Instruments </div><div id="a26947" style="position:absolute;font-weight:bold;font-style:normal;left:673.36px;top:51px;">Total </div><div id="a26949" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:68px;">Balance at March 31, 2021 </div><div id="a26952" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:68px;">$ </div><div id="a26954" style="position:absolute;left:344.973px;top:68px;">(28,334)</div><div id="a26957" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:68px;">$ </div><div id="a26959" style="position:absolute;left:428.04px;top:68px;">(22,175)</div><div id="a26962" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:68px;">$ </div><div id="a26964" style="position:absolute;left:540.68px;top:68px;">317</div><div id="a26967" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:68px;">$ </div><div id="a26969" style="position:absolute;left:608.88px;top:68px;">(3,036)</div><div id="a26972" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:68px;">$ </div><div id="a26974" style="position:absolute;left:677.04px;top:68px;">(53,228)</div><div id="a26977" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85px;">Other comprehensive income (loss) before<div style="display:inline-block;width:4.37px"> </div></div><div id="a26996" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:102.1px;">reclassifications </div><div id="a27000" style="position:absolute;left:349.933px;top:102.1px;">16,157</div><div id="a27004" style="position:absolute;left:444.68px;top:102.1px;">(260)</div><div id="a27008" style="position:absolute;left:540.68px;top:102.1px;">341</div><div id="a27012" style="position:absolute;left:623.76px;top:102.1px;">586</div><div id="a27016" style="position:absolute;left:682px;top:102.1px;">16,824</div><div id="a27019" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:119px;">Amounts reclassified from AOCI </div><div id="a27023" style="position:absolute;left:373.293px;top:119px;">—</div><div id="a27027" style="position:absolute;left:449.64px;top:119px;">852</div><div id="a27031" style="position:absolute;left:553.96px;top:119px;">2</div><div id="a27035" style="position:absolute;left:630.48px;top:119px;">—</div><div id="a27039" style="position:absolute;left:698.64px;top:119px;">854</div><div id="a27042" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:136px;">Related tax amounts </div><div id="a27046" style="position:absolute;left:373.293px;top:136px;">—</div><div id="a27050" style="position:absolute;left:444.68px;top:136px;">(195)</div><div id="a27054" style="position:absolute;left:542.44px;top:136px;">(64)</div><div id="a27058" style="position:absolute;left:618.8px;top:136px;">(134)</div><div id="a27062" style="position:absolute;left:693.68px;top:136px;">(393)</div><div id="a27064" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:153px;">Balance at June 30, 2021 </div><div id="a27067" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:153px;">$ </div><div id="a27069" style="position:absolute;left:344.973px;top:153px;">(12,177)</div><div id="a27072" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:153px;">$ </div><div id="a27074" style="position:absolute;left:428.04px;top:153px;">(21,778)</div><div id="a27077" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:153px;">$ </div><div id="a27079" style="position:absolute;left:540.68px;top:153px;">596</div><div id="a27082" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:153px;">$ </div><div id="a27084" style="position:absolute;left:608.88px;top:153px;">(2,584)</div><div id="a27087" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:153px;">$ </div><div id="a27089" style="position:absolute;left:677.04px;top:153px;">(35,943)</div><div id="a27109" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:187.1px;">Balance at March 31, 2020 </div><div id="a27113" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:187.1px;">$ </div><div id="a27115" style="position:absolute;left:344.973px;top:187.1px;">(99,187)</div><div id="a27118" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:187.1px;">$ </div><div id="a27120" style="position:absolute;left:428.04px;top:187.1px;">(17,576)</div><div id="a27123" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:187.1px;">$ </div><div id="a27125" style="position:absolute;left:535.72px;top:187.1px;">(460)</div><div id="a27128" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:187.1px;">$ </div><div id="a27130" style="position:absolute;left:608.88px;top:187.1px;">(4,301)</div><div id="a27133" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:187.1px;">$ </div><div id="a27135" style="position:absolute;left:670.48px;top:187.1px;">(121,524)</div><div id="a27138" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:204px;">Other comprehensive income (loss) before </div><div id="a27157" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:221px;">reclassifications </div><div id="a27161" style="position:absolute;left:349.933px;top:221px;">10,550</div><div id="a27165" style="position:absolute;left:444.68px;top:221px;">(336)</div><div id="a27169" style="position:absolute;left:530.6px;top:221px;">2,128</div><div id="a27173" style="position:absolute;left:618.8px;top:221px;">(144)</div><div id="a27177" style="position:absolute;left:682px;top:221px;">12,198</div><div id="a27180" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:238.1px;">Amounts reclassified from AOCI </div><div id="a27184" style="position:absolute;left:373.293px;top:238.1px;">—</div><div id="a27188" style="position:absolute;left:449.64px;top:238.1px;">600</div><div id="a27192" style="position:absolute;left:542.44px;top:238.1px;">(93)</div><div id="a27196" style="position:absolute;left:630.48px;top:238.1px;">—</div><div id="a27200" style="position:absolute;left:698.64px;top:238.1px;">507</div><div id="a27203" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:255.1px;">Related tax amounts </div><div id="a27207" style="position:absolute;left:373.293px;top:255.1px;">—</div><div id="a27211" style="position:absolute;left:451.4px;top:255.1px;">(51)</div><div id="a27215" style="position:absolute;left:535.72px;top:255.1px;">(427)</div><div id="a27219" style="position:absolute;left:630.48px;top:255.1px;">33</div><div id="a27223" style="position:absolute;left:693.68px;top:255.1px;">(445)</div><div id="a27225" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:272px;">Balance at June 30, 2020 </div><div id="a27228" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:272px;">$ </div><div id="a27230" style="position:absolute;left:344.973px;top:272px;">(88,637)</div><div id="a27233" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:272px;">$ </div><div id="a27235" style="position:absolute;left:428.04px;top:272px;">(17,363)</div><div id="a27238" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:272px;">$ </div><div id="a27240" style="position:absolute;left:530.6px;top:272px;">1,148</div><div id="a27243" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:272px;">$ </div><div id="a27245" style="position:absolute;left:608.88px;top:272px;">(4,412)</div><div id="a27248" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:272px;">$ </div><div id="a27250" style="position:absolute;left:670.48px;top:272px;">(109,264)</div></div><div id="TextBlockContainer214" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:288px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_212_XBRL_TS_8fcb8910a7f549fb9c5a68afd7060296" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer213" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:288px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27260" style="position:absolute;font-weight:bold;font-style:normal;left:413.32px;top:0px;">Defined </div><div id="a27263" style="position:absolute;font-weight:bold;font-style:normal;left:491.4px;top:0px;">Unrealized </div><div id="a27274" style="position:absolute;font-weight:bold;font-style:normal;left:324.973px;top:17.1px;">Currency </div><div id="a27277" style="position:absolute;font-weight:bold;font-style:normal;left:415.08px;top:17.1px;">Benefit </div><div id="a27280" style="position:absolute;font-weight:bold;font-style:normal;left:482.28px;top:17.1px;">Gain (Loss) in<div style="display:inline-block;width:3.72px"> </div></div><div id="a27291" style="position:absolute;font-weight:bold;font-style:normal;left:319.053px;top:34.1px;">Translation </div><div id="a27294" style="position:absolute;font-weight:bold;font-style:normal;left:413.32px;top:34.1px;">Pension </div><div id="a27297" style="position:absolute;font-weight:bold;font-style:normal;left:482.6px;top:34.1px;">Available-for<div style="display:inline-block;width:1.37px"> </div>- </div><div id="a27303" style="position:absolute;font-weight:bold;font-style:normal;left:580.08px;top:34.1px;">Derivative </div><div id="a27312" style="position:absolute;font-weight:bold;font-style:normal;left:316.173px;top:51px;">Adjustments </div><div id="a27315" style="position:absolute;font-weight:bold;font-style:normal;left:419.88px;top:51px;">Plans </div><div id="a27317" style="position:absolute;font-weight:bold;font-style:normal;left:481.32px;top:51px;">Sale Securities </div><div id="a27319" style="position:absolute;font-weight:bold;font-style:normal;left:574.8px;top:51px;">Instruments </div><div id="a27322" style="position:absolute;font-weight:bold;font-style:normal;left:673.36px;top:51px;">Total </div><div id="a27324" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:68px;">Balance at December 31, 2020 </div><div id="a27327" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:68px;">$ </div><div id="a27329" style="position:absolute;left:351.693px;top:68px;">(2,875)</div><div id="a27332" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:68px;">$ </div><div id="a27334" style="position:absolute;left:428.04px;top:68px;">(23,467)</div><div id="a27337" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:68px;">$ </div><div id="a27339" style="position:absolute;left:530.6px;top:68px;">3,342</div><div id="a27342" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:68px;">$ </div><div id="a27344" style="position:absolute;left:608.88px;top:68px;">(3,598)</div><div id="a27347" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:68px;">$ </div><div id="a27349" style="position:absolute;left:677.04px;top:68px;">(26,598)</div><div id="a27352" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85.1px;">Other comprehensive (loss) income before </div><div id="a27371" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:102.1px;">reclassifications </div><div id="a27375" style="position:absolute;left:351.693px;top:102.1px;">(9,302)</div><div id="a27379" style="position:absolute;left:449.64px;top:102.1px;">521</div><div id="a27383" style="position:absolute;left:535.72px;top:102.1px;">(404)</div><div id="a27387" style="position:absolute;left:613.68px;top:102.1px;">1,316</div><div id="a27391" style="position:absolute;left:683.76px;top:102.1px;">(7,869)</div><div id="a27394" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:119.1px;">Amounts reclassified from AOCI </div><div id="a27398" style="position:absolute;left:373.293px;top:119.1px;">—</div><div id="a27402" style="position:absolute;left:439.56px;top:119.1px;">1,714</div><div id="a27406" style="position:absolute;left:525.8px;top:119.1px;">(3,083)</div><div id="a27410" style="position:absolute;left:630.48px;top:119.1px;">—</div><div id="a27414" style="position:absolute;left:683.76px;top:119.1px;">(1,369)</div><div id="a27417" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:136px;">Related tax amounts </div><div id="a27421" style="position:absolute;left:373.293px;top:136px;">—</div><div id="a27425" style="position:absolute;left:444.68px;top:136px;">(546)</div><div id="a27429" style="position:absolute;left:540.68px;top:136px;">741</div><div id="a27433" style="position:absolute;left:618.8px;top:136px;">(302)</div><div id="a27437" style="position:absolute;left:693.68px;top:136px;">(107)</div><div id="a27439" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:153.1px;">Balance at June 30, 2021 </div><div id="a27442" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:153.1px;">$ </div><div id="a27444" style="position:absolute;left:344.973px;top:153.1px;">(12,177)</div><div id="a27447" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:153.1px;">$ </div><div id="a27449" style="position:absolute;left:428.04px;top:153.1px;">(21,778)</div><div id="a27452" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:153.1px;">$ </div><div id="a27454" style="position:absolute;left:540.68px;top:153.1px;">596</div><div id="a27457" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:153.1px;">$ </div><div id="a27459" style="position:absolute;left:608.88px;top:153.1px;">(2,584)</div><div id="a27462" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:153.1px;">$ </div><div id="a27464" style="position:absolute;left:677.04px;top:153.1px;">(35,943)</div><div id="a27484" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:187.1px;">Balance at December 31, 2019 </div><div id="a27488" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:187.1px;">$ </div><div id="a27490" style="position:absolute;left:344.973px;top:187.1px;">(44,568)</div><div id="a27493" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:187.1px;">$ </div><div id="a27495" style="position:absolute;left:428.04px;top:187.1px;">(34,533)</div><div id="a27498" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:187.1px;">$ </div><div id="a27500" style="position:absolute;left:530.6px;top:187.1px;">1,251</div><div id="a27503" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:187.1px;">$ </div><div id="a27505" style="position:absolute;left:618.8px;top:187.1px;">(320)</div><div id="a27508" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:187.1px;">$ </div><div id="a27510" style="position:absolute;left:677.04px;top:187.1px;">(78,170)</div><div id="a27513" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:204px;">Other comprehensive (loss) income before<div style="display:inline-block;width:4.37px"> </div></div><div id="a27532" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:221.1px;">reclassifications </div><div id="a27536" style="position:absolute;left:344.973px;top:221.1px;">(44,069)</div><div id="a27540" style="position:absolute;left:449.64px;top:221.1px;">492</div><div id="a27544" style="position:absolute;left:549.16px;top:221.1px;">(8)</div><div id="a27548" style="position:absolute;left:608.88px;top:221.1px;">(5,315)</div><div id="a27552" style="position:absolute;left:677.04px;top:221.1px;">(48,900)</div><div id="a27555" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:238.1px;">Amounts reclassified from AOCI </div><div id="a27559" style="position:absolute;left:373.293px;top:238.1px;">—</div><div id="a27563" style="position:absolute;left:433px;top:238.1px;">24,966</div><div id="a27567" style="position:absolute;left:535.72px;top:238.1px;">(125)</div><div id="a27571" style="position:absolute;left:630.48px;top:238.1px;">—</div><div id="a27575" style="position:absolute;left:682px;top:238.1px;">24,841</div><div id="a27578" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:255.1px;">Related tax amounts </div><div id="a27582" style="position:absolute;left:373.293px;top:255.1px;">—</div><div id="a27586" style="position:absolute;left:434.76px;top:255.1px;">(8,288)</div><div id="a27590" style="position:absolute;left:547.4px;top:255.1px;">30</div><div id="a27594" style="position:absolute;left:613.68px;top:255.1px;">1,223</div><div id="a27598" style="position:absolute;left:683.76px;top:255.1px;">(7,035)</div><div id="a27600" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:272px;">Balance at June 30, 2020 </div><div id="a27603" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:272px;">$ </div><div id="a27605" style="position:absolute;left:344.973px;top:272px;">(88,637)</div><div id="a27608" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:272px;">$ </div><div id="a27610" style="position:absolute;left:428.04px;top:272px;">(17,363)</div><div id="a27613" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:272px;">$ </div><div id="a27615" style="position:absolute;left:530.6px;top:272px;">1,148</div><div id="a27618" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:272px;">$ </div><div id="a27620" style="position:absolute;left:608.88px;top:272px;">(4,412)</div><div id="a27623" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:272px;">$ </div><div id="a27625" style="position:absolute;left:670.48px;top:272px;">(109,264)</div></div></div></div><div id="TextBlockContainer216" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:712px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27627" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">All reclassifications related to unrealized gain (loss) in<div style="display:inline-block;width:4.73px"> </div>available-for-sale securities relate to the Company’s<div style="display:inline-block;width:5.42px"> </div>equity interest in a </div><div id="a27667" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">captive insurance company and are recorded in equity<div style="display:inline-block;width:4.77px"> </div>in net income of associated companies.<div style="display:inline-block;width:7.56px"> </div>The amounts reported in other </div><div id="a27705" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.8px;">comprehensive income for noncontrolling interest are<div style="display:inline-block;width:4.77px"> </div>related to currency translation adjustments.</div></div> <div id="TextBlockContainer200" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:362px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_198_XBRL_TS_3efaa2dc8927451d9e517a9c7c4efd92" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer199" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:730px;height:362px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a25575" style="position:absolute;font-weight:bold;font-style:normal;left:463.72px;top:0px;">Accumulated </div><div id="a25589" style="position:absolute;font-weight:bold;font-style:normal;left:317.773px;top:14.9px;">Capital in </div><div id="a25595" style="position:absolute;font-weight:bold;font-style:normal;left:484.52px;top:14.9px;">Other </div><div id="a25606" style="position:absolute;font-weight:bold;font-style:normal;left:255.053px;top:29.9px;">Common </div><div id="a25609" style="position:absolute;font-weight:bold;font-style:normal;left:320.013px;top:29.9px;">Excess of </div><div id="a25612" style="position:absolute;font-weight:bold;font-style:normal;left:391.053px;top:29.9px;">Retained </div><div id="a25615" style="position:absolute;font-weight:bold;font-style:normal;left:457px;top:29.9px;">Comprehensive </div><div id="a25618" style="position:absolute;font-weight:bold;font-style:normal;left:555.08px;top:29.9px;">Noncontrolling </div><div id="a25626" style="position:absolute;font-weight:bold;font-style:normal;left:265.453px;top:45px;">Stock </div><div id="a25629" style="position:absolute;font-weight:bold;font-style:normal;left:317.293px;top:45px;">Par Value </div><div id="a25632" style="position:absolute;font-weight:bold;font-style:normal;left:390.573px;top:45px;">Earnings </div><div id="a25635" style="position:absolute;font-weight:bold;font-style:normal;left:488.52px;top:45px;">Loss </div><div id="a25638" style="position:absolute;font-weight:bold;font-style:normal;left:575.76px;top:45px;">Interest </div><div id="a25641" style="position:absolute;font-weight:bold;font-style:normal;left:669.84px;top:45px;">Total </div><div id="a25643" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:62.2px;">Balance at March 31, 2021 </div><div id="a25645" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:62.2px;">$ </div><div id="a25647" style="position:absolute;left:267.853px;top:62.2px;">17,875</div><div id="a25650" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:62.2px;">$ </div><div id="a25652" style="position:absolute;left:329.293px;top:62.2px;">908,748</div><div id="a25655" style="position:absolute;font-weight:normal;font-style:normal;left:383.533px;top:62.2px;">$ </div><div id="a25657" style="position:absolute;left:402.28px;top:62.2px;">455,493</div><div id="a25660" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:62.2px;">$ </div><div id="a25662" style="position:absolute;left:501px;top:62.2px;">(53,228)</div><div id="a25665" style="position:absolute;font-weight:normal;font-style:normal;left:553.48px;top:62.2px;">$ </div><div id="a25667" style="position:absolute;left:618.64px;top:62.2px;">565</div><div id="a25670" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:62.2px;">$ </div><div id="a25672" style="position:absolute;left:663.44px;top:62.2px;">1,329,453</div><div id="a25675" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:79.8px;">Net income </div><div id="a25678" style="position:absolute;left:291.213px;top:79.8px;">—</div><div id="a25682" style="position:absolute;left:359.373px;top:79.8px;">—</div><div id="a25686" style="position:absolute;left:409px;top:79.8px;">33,570</div><div id="a25690" style="position:absolute;left:529.32px;top:79.8px;">—</div><div id="a25694" style="position:absolute;left:625.36px;top:79.8px;">30</div><div id="a25698" style="position:absolute;left:680.08px;top:79.8px;">33,600</div><div id="a25701" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:97.4px;">Amounts reported in other comprehensive<div style="display:inline-block;width:4.32px"> </div></div><div id="a25722" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:115px;">income </div><div id="a25725" style="position:absolute;left:291.213px;top:115px;">—</div><div id="a25729" style="position:absolute;left:359.373px;top:115px;">—</div><div id="a25733" style="position:absolute;left:432.36px;top:115px;">—</div><div id="a25737" style="position:absolute;left:505.96px;top:115px;">17,285</div><div id="a25741" style="position:absolute;left:631.92px;top:115px;">8</div><div id="a25745" style="position:absolute;left:680.08px;top:115px;">17,293</div><div id="a25748" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:132.6px;">Dividends ($</div><div id="a25748_12_5" style="position:absolute;left:83.786px;top:132.6px;">0.395</div><div id="a25748_17_12" style="position:absolute;font-weight:normal;font-style:normal;left:113.706px;top:132.6px;"><div style="display:inline-block;width:3.36px"> </div>per share) </div><div id="a25751" style="position:absolute;left:291.213px;top:132.6px;">—</div><div id="a25755" style="position:absolute;left:359.373px;top:132.6px;">—</div><div id="a25759" style="position:absolute;left:410.76px;top:132.6px;">(7,062)</div><div id="a25763" style="position:absolute;left:529.32px;top:132.6px;">—</div><div id="a25767" style="position:absolute;left:625.36px;top:132.6px;">—</div><div id="a25771" style="position:absolute;left:681.84px;top:132.6px;">(7,062)</div><div id="a25774" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:150.2px;">Share issuance and equity-based </div><div id="a25797" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:167.9px;">compensation plans </div><div id="a25800" style="position:absolute;left:297.773px;top:167.9px;">3</div><div id="a25804" style="position:absolute;left:342.573px;top:167.9px;">2,114</div><div id="a25808" style="position:absolute;left:432.36px;top:167.9px;">—</div><div id="a25812" style="position:absolute;left:529.32px;top:167.9px;">—</div><div id="a25816" style="position:absolute;left:625.36px;top:167.9px;">—</div><div id="a25820" style="position:absolute;left:686.64px;top:167.9px;">2,117</div><div id="a25822" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:186.3px;">Balance at June 30, 2021 </div><div id="a25824" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:186.3px;">$ </div><div id="a25826" style="position:absolute;left:267.853px;top:186.3px;">17,878</div><div id="a25829" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:186.3px;">$ </div><div id="a25831" style="position:absolute;left:329.293px;top:186.3px;">910,862</div><div id="a25834" style="position:absolute;font-weight:normal;font-style:normal;left:383.533px;top:186.3px;">$ </div><div id="a25836" style="position:absolute;left:402.28px;top:186.3px;">482,001</div><div id="a25839" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:186.3px;">$ </div><div id="a25841" style="position:absolute;left:501px;top:186.3px;">(35,943)</div><div id="a25844" style="position:absolute;font-weight:normal;font-style:normal;left:553.48px;top:186.3px;">$ </div><div id="a25846" style="position:absolute;left:618.64px;top:186.3px;">603</div><div id="a25849" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:186.3px;">$ </div><div id="a25851" style="position:absolute;left:663.44px;top:186.3px;">1,375,401</div><div id="a25873" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:222.3px;">Balance at March 31, 2020 </div><div id="a25875" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:222.3px;">$ </div><div id="a25877" style="position:absolute;left:267.853px;top:222.3px;">17,752</div><div id="a25880" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:222.3px;">$ </div><div id="a25882" style="position:absolute;left:329.293px;top:222.3px;">888,533</div><div id="a25885" style="position:absolute;font-weight:normal;font-style:normal;left:383.533px;top:222.3px;">$ </div><div id="a25887" style="position:absolute;left:402.28px;top:222.3px;">376,853</div><div id="a25890" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:222.3px;">$ </div><div id="a25892" style="position:absolute;left:494.44px;top:222.3px;">(121,524)</div><div id="a25895" style="position:absolute;font-weight:normal;font-style:normal;left:553.48px;top:222.3px;">$ </div><div id="a25897" style="position:absolute;left:618.64px;top:222.3px;">418</div><div id="a25900" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:222.3px;">$ </div><div id="a25902" style="position:absolute;left:663.44px;top:222.3px;">1,162,032</div><div id="a25905" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:239.9px;">Net (loss) income </div><div id="a25908" style="position:absolute;left:291.213px;top:239.9px;">—</div><div id="a25912" style="position:absolute;left:359.373px;top:239.9px;">—</div><div id="a25916" style="position:absolute;left:410.76px;top:239.9px;">(7,735)</div><div id="a25920" style="position:absolute;left:529.32px;top:239.9px;">—</div><div id="a25924" style="position:absolute;left:625.36px;top:239.9px;">13</div><div id="a25928" style="position:absolute;left:681.84px;top:239.9px;">(7,722)</div><div id="a25931" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:257.5px;">Amounts reported in other comprehensive<div style="display:inline-block;width:4.32px"> </div></div><div id="a25952" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:275.1px;">income </div><div id="a25955" style="position:absolute;left:291.213px;top:275.1px;">—</div><div id="a25959" style="position:absolute;left:359.373px;top:275.1px;">—</div><div id="a25963" style="position:absolute;left:432.36px;top:275.1px;">—</div><div id="a25967" style="position:absolute;left:505.96px;top:275.1px;">12,260</div><div id="a25971" style="position:absolute;left:631.92px;top:275.1px;">1</div><div id="a25975" style="position:absolute;left:680.08px;top:275.1px;">12,261</div><div id="a25978" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:292.7px;">Dividends ($</div><div id="a25978_12_5" style="position:absolute;left:83.786px;top:292.7px;">0.385</div><div id="a25978_17_12" style="position:absolute;font-weight:normal;font-style:normal;left:113.706px;top:292.7px;"><div style="display:inline-block;width:3.36px"> </div>per share) </div><div id="a25981" style="position:absolute;left:291.213px;top:292.7px;">—</div><div id="a25985" style="position:absolute;left:359.373px;top:292.7px;">—</div><div id="a25989" style="position:absolute;left:410.76px;top:292.7px;">(6,853)</div><div id="a25993" style="position:absolute;left:529.32px;top:292.7px;">—</div><div id="a25997" style="position:absolute;left:625.36px;top:292.7px;">—</div><div id="a26001" style="position:absolute;left:681.84px;top:292.7px;">(6,853)</div><div id="a26004" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:310.3px;">Share issuance and equity-based </div><div id="a26027" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:327.9px;">compensation plans </div><div id="a26030" style="position:absolute;left:291.213px;top:327.9px;">48</div><div id="a26034" style="position:absolute;left:342.573px;top:327.9px;">7,575</div><div id="a26038" style="position:absolute;left:432.36px;top:327.9px;">—</div><div id="a26042" style="position:absolute;left:529.32px;top:327.9px;">—</div><div id="a26046" style="position:absolute;left:625.36px;top:327.9px;">—</div><div id="a26050" style="position:absolute;left:686.64px;top:327.9px;">7,623</div><div id="a26052" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:346.3px;">Balance at June 30, 2020 </div><div id="a26054" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:346.3px;">$ </div><div id="a26056" style="position:absolute;left:267.853px;top:346.3px;">17,800</div><div id="a26059" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:345px;">$ </div><div id="a26061" style="position:absolute;left:329.293px;top:346.3px;">896,108</div><div id="a26064" style="position:absolute;font-weight:normal;font-style:normal;left:383.533px;top:346.3px;">$ </div><div id="a26066" style="position:absolute;left:402.28px;top:346.3px;">362,265</div><div id="a26069" style="position:absolute;font-weight:normal;font-style:normal;left:456.52px;top:346.3px;">$ </div><div id="a26071" style="position:absolute;left:494.44px;top:346.3px;">(109,264)</div><div id="a26074" style="position:absolute;font-weight:normal;font-style:normal;left:553.48px;top:346.3px;">$ </div><div id="a26076" style="position:absolute;left:618.64px;top:346.3px;">432</div><div id="a26079" style="position:absolute;font-weight:normal;font-style:normal;left:649.52px;top:346.3px;">$ </div><div id="a26081" style="position:absolute;left:663.44px;top:346.3px;">1,167,341</div></div></div></div><div id="TextBlockContainer204" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:742px;height:450px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_202_XBRL_TS_3181580e616744a6bfc9c398aebcaeae" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer203" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:742px;height:450px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26145" style="position:absolute;font-weight:bold;font-style:normal;left:475.72px;top:0px;">Accumulated </div><div id="a26159" style="position:absolute;font-weight:bold;font-style:normal;left:323.693px;top:15px;">Capital in </div><div id="a26165" style="position:absolute;font-weight:bold;font-style:normal;left:496.52px;top:15px;">Other </div><div id="a26176" style="position:absolute;font-weight:bold;font-style:normal;left:255.053px;top:29.9px;">Common </div><div id="a26179" style="position:absolute;font-weight:bold;font-style:normal;left:325.933px;top:29.9px;">Excess of </div><div id="a26182" style="position:absolute;font-weight:bold;font-style:normal;left:403.08px;top:29.9px;">Retained </div><div id="a26185" style="position:absolute;font-weight:bold;font-style:normal;left:469px;top:29.9px;">Comprehensive </div><div id="a26188" style="position:absolute;font-weight:bold;font-style:normal;left:567.08px;top:29.9px;">Noncontrolling </div><div id="a26196" style="position:absolute;font-weight:bold;font-style:normal;left:265.453px;top:45px;">Stock </div><div id="a26199" style="position:absolute;font-weight:bold;font-style:normal;left:323.373px;top:45px;">Par Value </div><div id="a26202" style="position:absolute;font-weight:bold;font-style:normal;left:402.6px;top:45px;">Earnings </div><div id="a26205" style="position:absolute;font-weight:bold;font-style:normal;left:500.52px;top:45px;">Loss </div><div id="a26208" style="position:absolute;font-weight:bold;font-style:normal;left:587.76px;top:45px;">Interest </div><div id="a26211" style="position:absolute;font-weight:bold;font-style:normal;left:681.84px;top:45px;">Total </div><div id="a26213" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:62.2px;">Balance at December 31, 2020 </div><div id="a26215" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:62.2px;">$ </div><div id="a26217" style="position:absolute;left:267.853px;top:62.2px;">17,851</div><div id="a26220" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:62.2px;">$ </div><div id="a26222" style="position:absolute;left:341.293px;top:62.2px;">905,171</div><div id="a26225" style="position:absolute;font-weight:normal;font-style:normal;left:395.56px;top:62.2px;">$ </div><div id="a26227" style="position:absolute;left:414.28px;top:62.2px;">423,940</div><div id="a26230" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:62.2px;">$ </div><div id="a26232" style="position:absolute;left:513px;top:62.2px;">(26,598)</div><div id="a26235" style="position:absolute;font-weight:normal;font-style:normal;left:565.48px;top:62.2px;">$ </div><div id="a26237" style="position:absolute;left:630.64px;top:62.2px;">550</div><div id="a26240" style="position:absolute;font-weight:normal;font-style:normal;left:661.52px;top:62.2px;">$ </div><div id="a26242" style="position:absolute;left:675.44px;top:62.2px;">1,320,914</div><div id="a26245" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:79.8px;">Net income </div><div id="a26248" style="position:absolute;left:291.213px;top:79.8px;">—</div><div id="a26252" style="position:absolute;left:371.373px;top:79.8px;">—</div><div id="a26256" style="position:absolute;left:421px;top:79.8px;">72,185</div><div id="a26260" style="position:absolute;left:541.32px;top:79.8px;">—</div><div id="a26264" style="position:absolute;left:637.36px;top:79.8px;">47</div><div id="a26268" style="position:absolute;left:692.08px;top:79.8px;">72,232</div><div id="a26271" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:97.4px;">Amounts reported in other comprehensive<div style="display:inline-block;width:4.32px"> </div></div><div id="a26292" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:115px;">(loss) income </div><div id="a26295" style="position:absolute;left:291.213px;top:115px;">—</div><div id="a26299" style="position:absolute;left:371.373px;top:115px;">—</div><div id="a26303" style="position:absolute;left:444.36px;top:115px;">—</div><div id="a26307" style="position:absolute;left:519.72px;top:115px;">(9,345)</div><div id="a26311" style="position:absolute;left:643.92px;top:115px;">6</div><div id="a26315" style="position:absolute;left:693.84px;top:115px;">(9,339)</div><div id="a26318" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:132.6px;">Dividends ($</div><div id="a26318_12_5" style="position:absolute;left:83.786px;top:132.6px;">0.790</div><div id="a26318_17_12" style="position:absolute;font-weight:normal;font-style:normal;left:113.706px;top:132.6px;"><div style="display:inline-block;width:3.36px"> </div>per share) </div><div id="a26321" style="position:absolute;left:291.213px;top:132.6px;">—</div><div id="a26325" style="position:absolute;left:371.373px;top:132.6px;">—</div><div id="a26329" style="position:absolute;left:416.04px;top:132.6px;">(14,124)</div><div id="a26333" style="position:absolute;left:541.32px;top:132.6px;">—</div><div id="a26337" style="position:absolute;left:637.36px;top:132.6px;">—</div><div id="a26341" style="position:absolute;left:687.12px;top:132.6px;">(14,124)</div><div id="a26344" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:150.2px;">Share issuance and equity-based </div><div id="a26367" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:167.8px;">compensation plans </div><div id="a26370" style="position:absolute;left:291.213px;top:167.8px;">27</div><div id="a26374" style="position:absolute;left:354.573px;top:167.8px;">5,691</div><div id="a26378" style="position:absolute;left:444.36px;top:167.8px;">—</div><div id="a26382" style="position:absolute;left:541.32px;top:167.8px;">—</div><div id="a26386" style="position:absolute;left:637.36px;top:167.8px;">—</div><div id="a26390" style="position:absolute;left:698.64px;top:167.8px;">5,718</div><div id="a26392" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:186.2px;">Balance at June 30, 2021 </div><div id="a26394" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:186.2px;">$ </div><div id="a26396" style="position:absolute;left:267.853px;top:186.2px;">17,878</div><div id="a26399" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:186.2px;">$ </div><div id="a26401" style="position:absolute;left:341.293px;top:186.2px;">910,862</div><div id="a26404" style="position:absolute;font-weight:normal;font-style:normal;left:395.56px;top:186.2px;">$ </div><div id="a26406" style="position:absolute;left:414.28px;top:186.2px;">482,001</div><div id="a26409" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:186.2px;">$ </div><div id="a26411" style="position:absolute;left:513px;top:186.2px;">(35,943)</div><div id="a26414" style="position:absolute;font-weight:normal;font-style:normal;left:565.48px;top:186.2px;">$ </div><div id="a26416" style="position:absolute;left:630.64px;top:186.2px;">603</div><div id="a26419" style="position:absolute;font-weight:normal;font-style:normal;left:661.52px;top:186.2px;">$ </div><div id="a26421" style="position:absolute;left:675.44px;top:186.2px;">1,375,401</div><div id="a26444" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:222.3px;">Balance at December 31, 2019 </div><div id="a26446" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:222.3px;">$ </div><div id="a26448" style="position:absolute;left:267.853px;top:222.3px;">17,735</div><div id="a26451" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:222.3px;">$ </div><div id="a26453" style="position:absolute;left:341.293px;top:222.3px;">888,218</div><div id="a26456" style="position:absolute;font-weight:normal;font-style:normal;left:395.56px;top:222.3px;">$ </div><div id="a26458" style="position:absolute;left:414.28px;top:222.3px;">412,979</div><div id="a26461" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:222.3px;">$ </div><div id="a26463" style="position:absolute;left:513px;top:222.3px;">(78,170)</div><div id="a26466" style="position:absolute;font-weight:normal;font-style:normal;left:565.48px;top:222.3px;">$ </div><div id="a26468" style="position:absolute;left:620.56px;top:222.3px;">1,604</div><div id="a26471" style="position:absolute;font-weight:normal;font-style:normal;left:661.52px;top:222.3px;">$ </div><div id="a26473" style="position:absolute;left:675.44px;top:222.3px;">1,242,366</div><div id="a26476" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:239.9px;">Cumulative effect of an accounting change </div><div id="a26479" style="position:absolute;left:291.213px;top:239.9px;">—</div><div id="a26483" style="position:absolute;left:371.373px;top:239.9px;">—</div><div id="a26487" style="position:absolute;left:432.68px;top:239.9px;">(911)</div><div id="a26491" style="position:absolute;left:541.32px;top:239.9px;">—</div><div id="a26495" style="position:absolute;left:637.36px;top:239.9px;">—</div><div id="a26499" style="position:absolute;left:703.76px;top:239.9px;">(911)</div><div id="a26501" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:257.5px;">Balance at January 1, 2020 </div><div id="a26504" style="position:absolute;left:267.853px;top:257.5px;">17,735</div><div id="a26508" style="position:absolute;left:341.293px;top:257.5px;">888,218</div><div id="a26512" style="position:absolute;left:414.28px;top:257.5px;">412,068</div><div id="a26516" style="position:absolute;left:513px;top:257.5px;">(78,170)</div><div id="a26520" style="position:absolute;left:620.56px;top:257.5px;">1,604</div><div id="a26524" style="position:absolute;left:675.44px;top:257.5px;">1,241,455</div><div id="a26527" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:275.1px;">Net (loss) income </div><div id="a26530" style="position:absolute;left:291.213px;top:275.1px;">—</div><div id="a26534" style="position:absolute;left:371.373px;top:275.1px;">—</div><div id="a26538" style="position:absolute;left:416.04px;top:275.1px;">(36,116)</div><div id="a26542" style="position:absolute;left:541.32px;top:275.1px;">—</div><div id="a26546" style="position:absolute;left:637.36px;top:275.1px;">50</div><div id="a26550" style="position:absolute;left:687.12px;top:275.1px;">(36,066)</div><div id="a26553" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:292.7px;">Amounts reported in other comprehensive<div style="display:inline-block;width:4.32px"> </div></div><div id="a26574" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:310.3px;">loss </div><div id="a26577" style="position:absolute;left:291.213px;top:310.3px;">—</div><div id="a26581" style="position:absolute;left:371.373px;top:310.3px;">—</div><div id="a26585" style="position:absolute;left:444.36px;top:310.3px;">—</div><div id="a26589" style="position:absolute;left:513px;top:310.3px;">(31,094)</div><div id="a26593" style="position:absolute;left:625.68px;top:310.3px;">(131)</div><div id="a26597" style="position:absolute;left:687.12px;top:310.3px;">(31,225)</div><div id="a26600" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:327.9px;">Dividends ($</div><div id="a26600_12_5" style="position:absolute;left:83.786px;top:327.9px;">0.770</div><div id="a26600_17_13" style="position:absolute;font-weight:normal;font-style:normal;left:113.706px;top:327.9px;">0 per share) </div><div id="a26603" style="position:absolute;left:291.213px;top:327.9px;">—</div><div id="a26607" style="position:absolute;left:371.373px;top:327.9px;">—</div><div id="a26611" style="position:absolute;left:416.04px;top:327.9px;">(13,687)</div><div id="a26615" style="position:absolute;left:541.32px;top:327.9px;">—</div><div id="a26619" style="position:absolute;left:637.36px;top:327.9px;">—</div><div id="a26623" style="position:absolute;left:687.12px;top:327.9px;">(13,687)</div><div id="a26626" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:345.5px;">Acquisition of noncontrolling interest </div><div id="a26629" style="position:absolute;left:291.213px;top:345.5px;">—</div><div id="a26633" style="position:absolute;left:359.693px;top:345.5px;">(707)</div><div id="a26637" style="position:absolute;left:444.36px;top:345.5px;">—</div><div id="a26641" style="position:absolute;left:541.32px;top:345.5px;">—</div><div id="a26645" style="position:absolute;left:625.68px;top:345.5px;">(340)</div><div id="a26649" style="position:absolute;left:693.84px;top:345.5px;">(1,047)</div><div id="a26652" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:363.1px;">Distributions to noncontrolling affiliate </div><div id="a26673" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:380.7px;">shareholders </div><div id="a26676" style="position:absolute;left:291.213px;top:380.7px;">—</div><div id="a26680" style="position:absolute;left:371.373px;top:380.7px;">—</div><div id="a26684" style="position:absolute;left:444.36px;top:380.7px;">—</div><div id="a26688" style="position:absolute;left:541.32px;top:380.7px;">—</div><div id="a26692" style="position:absolute;left:625.68px;top:380.7px;">(751)</div><div id="a26696" style="position:absolute;left:703.76px;top:380.7px;">(751)</div><div id="a26699" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:398.3px;">Share issuance and equity-based </div><div id="a26722" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:415.9px;">compensation plans </div><div id="a26725" style="position:absolute;left:291.213px;top:415.9px;">65</div><div id="a26729" style="position:absolute;left:354.573px;top:415.9px;">8,597</div><div id="a26733" style="position:absolute;left:444.36px;top:415.9px;">—</div><div id="a26737" style="position:absolute;left:541.32px;top:415.9px;">—</div><div id="a26741" style="position:absolute;left:637.36px;top:415.9px;">—</div><div id="a26745" style="position:absolute;left:698.64px;top:415.9px;">8,662</div><div id="a26747" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:434.3px;">Balance at June 30, 2020 </div><div id="a26749" style="position:absolute;font-weight:normal;font-style:normal;left:254.413px;top:434.3px;">$ </div><div id="a26751" style="position:absolute;left:267.853px;top:434.3px;">17,800</div><div id="a26754" style="position:absolute;font-weight:normal;font-style:normal;left:315.533px;top:434.3px;">$ </div><div id="a26756" style="position:absolute;left:341.293px;top:434.3px;">896,108</div><div id="a26759" style="position:absolute;font-weight:normal;font-style:normal;left:395.56px;top:434.3px;">$ </div><div id="a26761" style="position:absolute;left:414.28px;top:434.3px;">362,265</div><div id="a26764" style="position:absolute;font-weight:normal;font-style:normal;left:468.52px;top:434.3px;">$ </div><div id="a26766" style="position:absolute;left:506.44px;top:434.3px;">(109,264)</div><div id="a26769" style="position:absolute;font-weight:normal;font-style:normal;left:565.48px;top:434.3px;">$ </div><div id="a26771" style="position:absolute;left:630.64px;top:434.3px;">432</div><div id="a26774" style="position:absolute;font-weight:normal;font-style:normal;left:661.52px;top:434.3px;">$ </div><div id="a26776" style="position:absolute;left:675.44px;top:434.3px;">1,167,341</div></div></div></div> 17875000 908748000 455493000 -53228000 565000 1329453000 0 0 33570000 0 30000 33600000 0 0 0 17285000 8000 17293000 0.395 0 0 7062000 0 0 7062000 3000 2114000 0 0 0 2117000 17878000 910862000 482001000 -35943000 603000 1375401000 17752000 888533000 376853000 -121524000 418000 1162032000 0 0 -7735000 0 13000 -7722000 0 0 0 12260000 1000 12261000 0.385 0 0 6853000 0 0 6853000 48000 7575000 0 0 0 7623000 17800000 896108000 362265000 -109264000 432000 1167341000 17851000 905171000 423940000 -26598000 550000 1320914000 0 0 72185000 0 47000 72232000 0 0 0 -9345000 6000 -9339000 0.790 0 0 14124000 0 0 14124000 27000 5691000 0 0 0 5718000 17878000 910862000 482001000 -35943000 603000 1375401000 17735000 888218000 412979000 -78170000 1604000 1242366000 0 0 -911000 0 0 -911000 17735000 888218000 412068000 -78170000 1604000 1241455000 0 0 -36116000 0 50000 -36066000 0 0 0 -31094000 -131000 -31225000 0.770 0 0 13687000 0 0 13687000 0 707000 0 0 340000 1047000 0 0 0 0 751000 751000 65000 8597000 0 0 0 8662000 17800000 896108000 362265000 -109264000 432000 1167341000 <div id="TextBlockContainer210" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:288px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_208_XBRL_TS_505debe442ea4bc9b875682f085f413f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer209" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:288px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26882" style="position:absolute;font-weight:bold;font-style:normal;left:413.32px;top:0px;">Defined </div><div id="a26885" style="position:absolute;font-weight:bold;font-style:normal;left:491.4px;top:0px;">Unrealized </div><div id="a26897" style="position:absolute;font-weight:bold;font-style:normal;left:324.973px;top:17px;">Currency </div><div id="a26901" style="position:absolute;font-weight:bold;font-style:normal;left:415.08px;top:17px;">Benefit </div><div id="a26904" style="position:absolute;font-weight:bold;font-style:normal;left:482.28px;top:17px;">Gain (Loss) in<div style="display:inline-block;width:3.72px"> </div></div><div id="a26916" style="position:absolute;font-weight:bold;font-style:normal;left:319.053px;top:34.1px;">Translation </div><div id="a26919" style="position:absolute;font-weight:bold;font-style:normal;left:413.32px;top:34.1px;">Pension </div><div id="a26922" style="position:absolute;font-weight:bold;font-style:normal;left:482.6px;top:34.1px;">Available-for<div style="display:inline-block;width:1.37px"> </div>- </div><div id="a26928" style="position:absolute;font-weight:bold;font-style:normal;left:580.08px;top:34.1px;">Derivative </div><div id="a26937" style="position:absolute;font-weight:bold;font-style:normal;left:316.173px;top:51px;">Adjustments </div><div id="a26940" style="position:absolute;font-weight:bold;font-style:normal;left:419.88px;top:51px;">Plans </div><div id="a26942" style="position:absolute;font-weight:bold;font-style:normal;left:481.32px;top:51px;">Sale Securities </div><div id="a26944" style="position:absolute;font-weight:bold;font-style:normal;left:574.8px;top:51px;">Instruments </div><div id="a26947" style="position:absolute;font-weight:bold;font-style:normal;left:673.36px;top:51px;">Total </div><div id="a26949" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:68px;">Balance at March 31, 2021 </div><div id="a26952" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:68px;">$ </div><div id="a26954" style="position:absolute;left:344.973px;top:68px;">(28,334)</div><div id="a26957" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:68px;">$ </div><div id="a26959" style="position:absolute;left:428.04px;top:68px;">(22,175)</div><div id="a26962" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:68px;">$ </div><div id="a26964" style="position:absolute;left:540.68px;top:68px;">317</div><div id="a26967" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:68px;">$ </div><div id="a26969" style="position:absolute;left:608.88px;top:68px;">(3,036)</div><div id="a26972" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:68px;">$ </div><div id="a26974" style="position:absolute;left:677.04px;top:68px;">(53,228)</div><div id="a26977" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85px;">Other comprehensive income (loss) before<div style="display:inline-block;width:4.37px"> </div></div><div id="a26996" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:102.1px;">reclassifications </div><div id="a27000" style="position:absolute;left:349.933px;top:102.1px;">16,157</div><div id="a27004" style="position:absolute;left:444.68px;top:102.1px;">(260)</div><div id="a27008" style="position:absolute;left:540.68px;top:102.1px;">341</div><div id="a27012" style="position:absolute;left:623.76px;top:102.1px;">586</div><div id="a27016" style="position:absolute;left:682px;top:102.1px;">16,824</div><div id="a27019" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:119px;">Amounts reclassified from AOCI </div><div id="a27023" style="position:absolute;left:373.293px;top:119px;">—</div><div id="a27027" style="position:absolute;left:449.64px;top:119px;">852</div><div id="a27031" style="position:absolute;left:553.96px;top:119px;">2</div><div id="a27035" style="position:absolute;left:630.48px;top:119px;">—</div><div id="a27039" style="position:absolute;left:698.64px;top:119px;">854</div><div id="a27042" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:136px;">Related tax amounts </div><div id="a27046" style="position:absolute;left:373.293px;top:136px;">—</div><div id="a27050" style="position:absolute;left:444.68px;top:136px;">(195)</div><div id="a27054" style="position:absolute;left:542.44px;top:136px;">(64)</div><div id="a27058" style="position:absolute;left:618.8px;top:136px;">(134)</div><div id="a27062" style="position:absolute;left:693.68px;top:136px;">(393)</div><div id="a27064" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:153px;">Balance at June 30, 2021 </div><div id="a27067" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:153px;">$ </div><div id="a27069" style="position:absolute;left:344.973px;top:153px;">(12,177)</div><div id="a27072" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:153px;">$ </div><div id="a27074" style="position:absolute;left:428.04px;top:153px;">(21,778)</div><div id="a27077" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:153px;">$ </div><div id="a27079" style="position:absolute;left:540.68px;top:153px;">596</div><div id="a27082" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:153px;">$ </div><div id="a27084" style="position:absolute;left:608.88px;top:153px;">(2,584)</div><div id="a27087" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:153px;">$ </div><div id="a27089" style="position:absolute;left:677.04px;top:153px;">(35,943)</div><div id="a27109" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:187.1px;">Balance at March 31, 2020 </div><div id="a27113" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:187.1px;">$ </div><div id="a27115" style="position:absolute;left:344.973px;top:187.1px;">(99,187)</div><div id="a27118" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:187.1px;">$ </div><div id="a27120" style="position:absolute;left:428.04px;top:187.1px;">(17,576)</div><div id="a27123" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:187.1px;">$ </div><div id="a27125" style="position:absolute;left:535.72px;top:187.1px;">(460)</div><div id="a27128" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:187.1px;">$ </div><div id="a27130" style="position:absolute;left:608.88px;top:187.1px;">(4,301)</div><div id="a27133" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:187.1px;">$ </div><div id="a27135" style="position:absolute;left:670.48px;top:187.1px;">(121,524)</div><div id="a27138" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:204px;">Other comprehensive income (loss) before </div><div id="a27157" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:221px;">reclassifications </div><div id="a27161" style="position:absolute;left:349.933px;top:221px;">10,550</div><div id="a27165" style="position:absolute;left:444.68px;top:221px;">(336)</div><div id="a27169" style="position:absolute;left:530.6px;top:221px;">2,128</div><div id="a27173" style="position:absolute;left:618.8px;top:221px;">(144)</div><div id="a27177" style="position:absolute;left:682px;top:221px;">12,198</div><div id="a27180" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:238.1px;">Amounts reclassified from AOCI </div><div id="a27184" style="position:absolute;left:373.293px;top:238.1px;">—</div><div id="a27188" style="position:absolute;left:449.64px;top:238.1px;">600</div><div id="a27192" style="position:absolute;left:542.44px;top:238.1px;">(93)</div><div id="a27196" style="position:absolute;left:630.48px;top:238.1px;">—</div><div id="a27200" style="position:absolute;left:698.64px;top:238.1px;">507</div><div id="a27203" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:255.1px;">Related tax amounts </div><div id="a27207" style="position:absolute;left:373.293px;top:255.1px;">—</div><div id="a27211" style="position:absolute;left:451.4px;top:255.1px;">(51)</div><div id="a27215" style="position:absolute;left:535.72px;top:255.1px;">(427)</div><div id="a27219" style="position:absolute;left:630.48px;top:255.1px;">33</div><div id="a27223" style="position:absolute;left:693.68px;top:255.1px;">(445)</div><div id="a27225" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:272px;">Balance at June 30, 2020 </div><div id="a27228" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:272px;">$ </div><div id="a27230" style="position:absolute;left:344.973px;top:272px;">(88,637)</div><div id="a27233" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:272px;">$ </div><div id="a27235" style="position:absolute;left:428.04px;top:272px;">(17,363)</div><div id="a27238" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:272px;">$ </div><div id="a27240" style="position:absolute;left:530.6px;top:272px;">1,148</div><div id="a27243" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:272px;">$ </div><div id="a27245" style="position:absolute;left:608.88px;top:272px;">(4,412)</div><div id="a27248" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:272px;">$ </div><div id="a27250" style="position:absolute;left:670.48px;top:272px;">(109,264)</div></div></div></div><div id="TextBlockContainer213" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:731px;height:288px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27260" style="position:absolute;font-weight:bold;font-style:normal;left:413.32px;top:0px;">Defined </div><div id="a27263" style="position:absolute;font-weight:bold;font-style:normal;left:491.4px;top:0px;">Unrealized </div><div id="a27274" style="position:absolute;font-weight:bold;font-style:normal;left:324.973px;top:17.1px;">Currency </div><div id="a27277" style="position:absolute;font-weight:bold;font-style:normal;left:415.08px;top:17.1px;">Benefit </div><div id="a27280" style="position:absolute;font-weight:bold;font-style:normal;left:482.28px;top:17.1px;">Gain (Loss) in<div style="display:inline-block;width:3.72px"> </div></div><div id="a27291" style="position:absolute;font-weight:bold;font-style:normal;left:319.053px;top:34.1px;">Translation </div><div id="a27294" style="position:absolute;font-weight:bold;font-style:normal;left:413.32px;top:34.1px;">Pension </div><div id="a27297" style="position:absolute;font-weight:bold;font-style:normal;left:482.6px;top:34.1px;">Available-for<div style="display:inline-block;width:1.37px"> </div>- </div><div id="a27303" style="position:absolute;font-weight:bold;font-style:normal;left:580.08px;top:34.1px;">Derivative </div><div id="a27312" style="position:absolute;font-weight:bold;font-style:normal;left:316.173px;top:51px;">Adjustments </div><div id="a27315" style="position:absolute;font-weight:bold;font-style:normal;left:419.88px;top:51px;">Plans </div><div id="a27317" style="position:absolute;font-weight:bold;font-style:normal;left:481.32px;top:51px;">Sale Securities </div><div id="a27319" style="position:absolute;font-weight:bold;font-style:normal;left:574.8px;top:51px;">Instruments </div><div id="a27322" style="position:absolute;font-weight:bold;font-style:normal;left:673.36px;top:51px;">Total </div><div id="a27324" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:68px;">Balance at December 31, 2020 </div><div id="a27327" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:68px;">$ </div><div id="a27329" style="position:absolute;left:351.693px;top:68px;">(2,875)</div><div id="a27332" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:68px;">$ </div><div id="a27334" style="position:absolute;left:428.04px;top:68px;">(23,467)</div><div id="a27337" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:68px;">$ </div><div id="a27339" style="position:absolute;left:530.6px;top:68px;">3,342</div><div id="a27342" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:68px;">$ </div><div id="a27344" style="position:absolute;left:608.88px;top:68px;">(3,598)</div><div id="a27347" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:68px;">$ </div><div id="a27349" style="position:absolute;left:677.04px;top:68px;">(26,598)</div><div id="a27352" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:85.1px;">Other comprehensive (loss) income before </div><div id="a27371" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:102.1px;">reclassifications </div><div id="a27375" style="position:absolute;left:351.693px;top:102.1px;">(9,302)</div><div id="a27379" style="position:absolute;left:449.64px;top:102.1px;">521</div><div id="a27383" style="position:absolute;left:535.72px;top:102.1px;">(404)</div><div id="a27387" style="position:absolute;left:613.68px;top:102.1px;">1,316</div><div id="a27391" style="position:absolute;left:683.76px;top:102.1px;">(7,869)</div><div id="a27394" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:119.1px;">Amounts reclassified from AOCI </div><div id="a27398" style="position:absolute;left:373.293px;top:119.1px;">—</div><div id="a27402" style="position:absolute;left:439.56px;top:119.1px;">1,714</div><div id="a27406" style="position:absolute;left:525.8px;top:119.1px;">(3,083)</div><div id="a27410" style="position:absolute;left:630.48px;top:119.1px;">—</div><div id="a27414" style="position:absolute;left:683.76px;top:119.1px;">(1,369)</div><div id="a27417" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:136px;">Related tax amounts </div><div id="a27421" style="position:absolute;left:373.293px;top:136px;">—</div><div id="a27425" style="position:absolute;left:444.68px;top:136px;">(546)</div><div id="a27429" style="position:absolute;left:540.68px;top:136px;">741</div><div id="a27433" style="position:absolute;left:618.8px;top:136px;">(302)</div><div id="a27437" style="position:absolute;left:693.68px;top:136px;">(107)</div><div id="a27439" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:153.1px;">Balance at June 30, 2021 </div><div id="a27442" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:153.1px;">$ </div><div id="a27444" style="position:absolute;left:344.973px;top:153.1px;">(12,177)</div><div id="a27447" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:153.1px;">$ </div><div id="a27449" style="position:absolute;left:428.04px;top:153.1px;">(21,778)</div><div id="a27452" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:153.1px;">$ </div><div id="a27454" style="position:absolute;left:540.68px;top:153.1px;">596</div><div id="a27457" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:153.1px;">$ </div><div id="a27459" style="position:absolute;left:608.88px;top:153.1px;">(2,584)</div><div id="a27462" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:153.1px;">$ </div><div id="a27464" style="position:absolute;left:677.04px;top:153.1px;">(35,943)</div><div id="a27484" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:187.1px;">Balance at December 31, 2019 </div><div id="a27488" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:187.1px;">$ </div><div id="a27490" style="position:absolute;left:344.973px;top:187.1px;">(44,568)</div><div id="a27493" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:187.1px;">$ </div><div id="a27495" style="position:absolute;left:428.04px;top:187.1px;">(34,533)</div><div id="a27498" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:187.1px;">$ </div><div id="a27500" style="position:absolute;left:530.6px;top:187.1px;">1,251</div><div id="a27503" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:187.1px;">$ </div><div id="a27505" style="position:absolute;left:618.8px;top:187.1px;">(320)</div><div id="a27508" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:187.1px;">$ </div><div id="a27510" style="position:absolute;left:677.04px;top:187.1px;">(78,170)</div><div id="a27513" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:204px;">Other comprehensive (loss) income before<div style="display:inline-block;width:4.37px"> </div></div><div id="a27532" style="position:absolute;font-weight:normal;font-style:normal;left:24.427px;top:221.1px;">reclassifications </div><div id="a27536" style="position:absolute;left:344.973px;top:221.1px;">(44,069)</div><div id="a27540" style="position:absolute;left:449.64px;top:221.1px;">492</div><div id="a27544" style="position:absolute;left:549.16px;top:221.1px;">(8)</div><div id="a27548" style="position:absolute;left:608.88px;top:221.1px;">(5,315)</div><div id="a27552" style="position:absolute;left:677.04px;top:221.1px;">(48,900)</div><div id="a27555" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:238.1px;">Amounts reclassified from AOCI </div><div id="a27559" style="position:absolute;left:373.293px;top:238.1px;">—</div><div id="a27563" style="position:absolute;left:433px;top:238.1px;">24,966</div><div id="a27567" style="position:absolute;left:535.72px;top:238.1px;">(125)</div><div id="a27571" style="position:absolute;left:630.48px;top:238.1px;">—</div><div id="a27575" style="position:absolute;left:682px;top:238.1px;">24,841</div><div id="a27578" style="position:absolute;font-weight:normal;font-style:normal;left:14.347px;top:255.1px;">Related tax amounts </div><div id="a27582" style="position:absolute;left:373.293px;top:255.1px;">—</div><div id="a27586" style="position:absolute;left:434.76px;top:255.1px;">(8,288)</div><div id="a27590" style="position:absolute;left:547.4px;top:255.1px;">30</div><div id="a27594" style="position:absolute;left:613.68px;top:255.1px;">1,223</div><div id="a27598" style="position:absolute;left:683.76px;top:255.1px;">(7,035)</div><div id="a27600" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:272px;">Balance at June 30, 2020 </div><div id="a27603" style="position:absolute;font-weight:normal;font-style:normal;left:314.413px;top:272px;">$ </div><div id="a27605" style="position:absolute;left:344.973px;top:272px;">(88,637)</div><div id="a27608" style="position:absolute;font-weight:normal;font-style:normal;left:397.48px;top:272px;">$ </div><div id="a27610" style="position:absolute;left:428.04px;top:272px;">(17,363)</div><div id="a27613" style="position:absolute;font-weight:normal;font-style:normal;left:480.52px;top:272px;">$ </div><div id="a27615" style="position:absolute;left:530.6px;top:272px;">1,148</div><div id="a27618" style="position:absolute;font-weight:normal;font-style:normal;left:571.6px;top:272px;">$ </div><div id="a27620" style="position:absolute;left:608.88px;top:272px;">(4,412)</div><div id="a27623" style="position:absolute;font-weight:normal;font-style:normal;left:654.48px;top:272px;">$ </div><div id="a27625" style="position:absolute;left:670.48px;top:272px;">(109,264)</div></div> -28334000 -22175000 317000 -3036000 -53228000 16157000 -260000 341000 586000 16824000 0 852000 2000 0 854000 0 -195000 -64000 -134000 -393000 -12177000 -21778000 596000 -2584000 -35943000 -99187000 -17576000 -460000 -4301000 -121524000 10550000 -336000 2128000 -144000 12198000 0 600000 -93000 0 507000 0 -51000 -427000 33000 -445000 -88637000 -17363000 1148000 -4412000 -109264000 -2875000 -23467000 3342000 -3598000 -26598000 -9302000 521000 -404000 1316000 -7869000 0 1714000 -3083000 0 -1369000 0 -546000 741000 -302000 -107000 -12177000 -21778000 596000 -2584000 -35943000 -44568000 -34533000 1251000 -320000 -78170000 -44069000 492000 -8000 -5315000 -48900000 0 24966000 -125000 0 24841000 0 -8288000 30000 1223000 -7035000 -88637000 -17363000 1148000 -4412000 -109264000 <div id="TextBlockContainer218" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:674px;height:55px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27776" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 17 – Fair Value<div style="display:inline-block;width:5.24px"> </div>Measurements</div><div id="a27787" style="position:absolute;font-weight:normal;font-style:normal;left:209.253px;top:0px;"> </div><div id="a27788" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The Company has valued its company-owned life insurance<div style="display:inline-block;width:4.69px"> </div>policies at fair value.<div style="display:inline-block;width:7.23px"> </div>These assets are subject to fair value </div><div id="a27829" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">measurement as follows:</div></div><div id="TextBlockContainer221" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:80px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27840" style="position:absolute;font-weight:bold;font-style:normal;left:452.2px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at June 30, 2021 </div><div id="a27845" style="position:absolute;font-weight:bold;font-style:normal;left:365.453px;top:15px;">Total </div><div id="a27848" style="position:absolute;font-weight:bold;font-style:normal;left:499.24px;top:15px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a27850" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Assets </div><div id="a27852" style="position:absolute;font-weight:bold;font-style:normal;left:350.093px;top:30.7px;">Fair Value </div><div id="a27855" style="position:absolute;font-weight:bold;font-style:normal;left:460.2px;top:30.7px;">Level 1 </div><div id="a27858" style="position:absolute;font-weight:bold;font-style:normal;left:558.28px;top:30.7px;">Level 2 </div><div id="a27861" style="position:absolute;font-weight:bold;font-style:normal;left:656.24px;top:30.7px;">Level 3 </div><div id="a27863" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.6px;">Company-owned life insurance </div><div id="a27867" style="position:absolute;font-weight:normal;font-style:normal;left:338.413px;top:46.6px;">$ </div><div id="a27869" style="position:absolute;left:393.16px;top:46.6px;">2,137</div><div id="a27872" style="position:absolute;font-weight:normal;font-style:normal;left:438.44px;top:46.6px;">$ </div><div id="a27874" style="position:absolute;left:509.96px;top:46.6px;">—</div><div id="a27877" style="position:absolute;font-weight:normal;font-style:normal;left:536.52px;top:46.6px;">$ </div><div id="a27879" style="position:absolute;left:591.12px;top:46.6px;">2,137</div><div id="a27882" style="position:absolute;font-weight:normal;font-style:normal;left:634.48px;top:46.6px;">$ </div><div id="a27884" style="position:absolute;left:706px;top:46.6px;">—</div><div id="a27886" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.5px;">Total </div><div id="a27888" style="position:absolute;font-weight:normal;font-style:normal;left:338.413px;top:64.5px;">$ </div><div id="a27890" style="position:absolute;left:393.16px;top:64.5px;">2,137</div><div id="a27893" style="position:absolute;font-weight:normal;font-style:normal;left:438.44px;top:64.5px;">$ </div><div id="a27895" style="position:absolute;left:509.96px;top:64.5px;">—</div><div id="a27898" style="position:absolute;font-weight:normal;font-style:normal;left:536.52px;top:64.5px;">$ </div><div id="a27900" style="position:absolute;left:591.12px;top:64.5px;">2,137</div><div id="a27903" style="position:absolute;font-weight:normal;font-style:normal;left:634.48px;top:64.5px;">$ </div><div id="a27905" style="position:absolute;left:706px;top:64.5px;">—</div></div><div id="TextBlockContainer225" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:80px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27913" style="position:absolute;font-weight:bold;font-style:normal;left:438.76px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2020 </div><div id="a27918" style="position:absolute;font-weight:bold;font-style:normal;left:367.213px;top:15px;">Total </div><div id="a27921" style="position:absolute;font-weight:bold;font-style:normal;left:501px;top:15px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a27923" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Assets </div><div id="a27925" style="position:absolute;font-weight:bold;font-style:normal;left:351.853px;top:30.7px;">Fair Value </div><div id="a27929" style="position:absolute;font-weight:bold;font-style:normal;left:461.96px;top:30.7px;">Level 1 </div><div id="a27932" style="position:absolute;font-weight:bold;font-style:normal;left:560.04px;top:30.7px;">Level 2 </div><div id="a27935" style="position:absolute;font-weight:bold;font-style:normal;left:658px;top:30.7px;">Level 3 </div><div id="a27937" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.6px;">Company-owned life insurance<div style="display:inline-block;width:4.06px"> </div></div><div id="a27941" style="position:absolute;font-weight:normal;font-style:normal;left:338.413px;top:46.6px;">$ </div><div id="a27943" style="position:absolute;left:393.64px;top:46.6px;">1,961</div><div id="a27946" style="position:absolute;font-weight:normal;font-style:normal;left:438.44px;top:46.6px;">$ </div><div id="a27948" style="position:absolute;left:510.44px;top:46.6px;">—</div><div id="a27951" style="position:absolute;font-weight:normal;font-style:normal;left:536.52px;top:46.6px;">$ </div><div id="a27953" style="position:absolute;left:591.6px;top:46.6px;">1,961</div><div id="a27956" style="position:absolute;font-weight:normal;font-style:normal;left:634.48px;top:46.6px;">$ </div><div id="a27958" style="position:absolute;left:706.48px;top:46.6px;">—</div><div id="a27960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.5px;">Total </div><div id="a27962" style="position:absolute;font-weight:normal;font-style:normal;left:338.413px;top:64.5px;">$ </div><div id="a27964" style="position:absolute;left:393.64px;top:64.5px;">1,961</div><div id="a27967" style="position:absolute;font-weight:normal;font-style:normal;left:438.44px;top:64.5px;">$ </div><div id="a27969" style="position:absolute;left:510.44px;top:64.5px;">—</div><div id="a27972" style="position:absolute;font-weight:normal;font-style:normal;left:536.52px;top:64.5px;">$ </div><div id="a27974" style="position:absolute;left:591.6px;top:64.5px;">1,961</div><div id="a27977" style="position:absolute;font-weight:normal;font-style:normal;left:634.48px;top:64.5px;">$ </div><div id="a27979" style="position:absolute;left:706.48px;top:64.5px;">—</div></div><div id="TextBlockContainer228" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:716px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27981" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">The fair values of Company-owned life insurance assets are based<div style="display:inline-block;width:4.81px"> </div>on quotes for like instruments with similar credit ratings and </div><div id="a28023" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">terms.<div style="display:inline-block;width:6.89px"> </div>The Company did not hold any Level 3 investments as of June<div style="display:inline-block;width:4.84px"> </div>30, 2021 or December 31, 2020, respectively,<div style="display:inline-block;width:5.31px"> </div>so related </div><div id="a28067" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">disclosures have not been included.</div></div> <div id="TextBlockContainer222" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:80px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_220_XBRL_TS_006574e538454c048d2a7c64fc5e6b4e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer221" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:728px;height:80px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27840" style="position:absolute;font-weight:bold;font-style:normal;left:452.2px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at June 30, 2021 </div><div id="a27845" style="position:absolute;font-weight:bold;font-style:normal;left:365.453px;top:15px;">Total </div><div id="a27848" style="position:absolute;font-weight:bold;font-style:normal;left:499.24px;top:15px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a27850" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Assets </div><div id="a27852" style="position:absolute;font-weight:bold;font-style:normal;left:350.093px;top:30.7px;">Fair Value </div><div id="a27855" style="position:absolute;font-weight:bold;font-style:normal;left:460.2px;top:30.7px;">Level 1 </div><div id="a27858" style="position:absolute;font-weight:bold;font-style:normal;left:558.28px;top:30.7px;">Level 2 </div><div id="a27861" style="position:absolute;font-weight:bold;font-style:normal;left:656.24px;top:30.7px;">Level 3 </div><div id="a27863" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.6px;">Company-owned life insurance </div><div id="a27867" style="position:absolute;font-weight:normal;font-style:normal;left:338.413px;top:46.6px;">$ </div><div id="a27869" style="position:absolute;left:393.16px;top:46.6px;">2,137</div><div id="a27872" style="position:absolute;font-weight:normal;font-style:normal;left:438.44px;top:46.6px;">$ </div><div id="a27874" style="position:absolute;left:509.96px;top:46.6px;">—</div><div id="a27877" style="position:absolute;font-weight:normal;font-style:normal;left:536.52px;top:46.6px;">$ </div><div id="a27879" style="position:absolute;left:591.12px;top:46.6px;">2,137</div><div id="a27882" style="position:absolute;font-weight:normal;font-style:normal;left:634.48px;top:46.6px;">$ </div><div id="a27884" style="position:absolute;left:706px;top:46.6px;">—</div><div id="a27886" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.5px;">Total </div><div id="a27888" style="position:absolute;font-weight:normal;font-style:normal;left:338.413px;top:64.5px;">$ </div><div id="a27890" style="position:absolute;left:393.16px;top:64.5px;">2,137</div><div id="a27893" style="position:absolute;font-weight:normal;font-style:normal;left:438.44px;top:64.5px;">$ </div><div id="a27895" style="position:absolute;left:509.96px;top:64.5px;">—</div><div id="a27898" style="position:absolute;font-weight:normal;font-style:normal;left:536.52px;top:64.5px;">$ </div><div id="a27900" style="position:absolute;left:591.12px;top:64.5px;">2,137</div><div id="a27903" style="position:absolute;font-weight:normal;font-style:normal;left:634.48px;top:64.5px;">$ </div><div id="a27905" style="position:absolute;left:706px;top:64.5px;">—</div></div></div></div><div id="TextBlockContainer226" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:80px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_224_XBRL_TS_dce88a0cef5d4629bfa17876059d510d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer225" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:80px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27913" style="position:absolute;font-weight:bold;font-style:normal;left:438.76px;top:0px;">Fair Value<div style="display:inline-block;width:4.84px"> </div>Measurements at December 31, 2020 </div><div id="a27918" style="position:absolute;font-weight:bold;font-style:normal;left:367.213px;top:15px;">Total </div><div id="a27921" style="position:absolute;font-weight:bold;font-style:normal;left:501px;top:15px;">Using Fair Value<div style="display:inline-block;width:4.89px"> </div>Hierarchy </div><div id="a27923" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Assets </div><div id="a27925" style="position:absolute;font-weight:bold;font-style:normal;left:351.853px;top:30.7px;">Fair Value </div><div id="a27929" style="position:absolute;font-weight:bold;font-style:normal;left:461.96px;top:30.7px;">Level 1 </div><div id="a27932" style="position:absolute;font-weight:bold;font-style:normal;left:560.04px;top:30.7px;">Level 2 </div><div id="a27935" style="position:absolute;font-weight:bold;font-style:normal;left:658px;top:30.7px;">Level 3 </div><div id="a27937" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.6px;">Company-owned life insurance<div style="display:inline-block;width:4.06px"> </div></div><div id="a27941" style="position:absolute;font-weight:normal;font-style:normal;left:338.413px;top:46.6px;">$ </div><div id="a27943" style="position:absolute;left:393.64px;top:46.6px;">1,961</div><div id="a27946" style="position:absolute;font-weight:normal;font-style:normal;left:438.44px;top:46.6px;">$ </div><div id="a27948" style="position:absolute;left:510.44px;top:46.6px;">—</div><div id="a27951" style="position:absolute;font-weight:normal;font-style:normal;left:536.52px;top:46.6px;">$ </div><div id="a27953" style="position:absolute;left:591.6px;top:46.6px;">1,961</div><div id="a27956" style="position:absolute;font-weight:normal;font-style:normal;left:634.48px;top:46.6px;">$ </div><div id="a27958" style="position:absolute;left:706.48px;top:46.6px;">—</div><div id="a27960" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:64.5px;">Total </div><div id="a27962" style="position:absolute;font-weight:normal;font-style:normal;left:338.413px;top:64.5px;">$ </div><div id="a27964" style="position:absolute;left:393.64px;top:64.5px;">1,961</div><div id="a27967" style="position:absolute;font-weight:normal;font-style:normal;left:438.44px;top:64.5px;">$ </div><div id="a27969" style="position:absolute;left:510.44px;top:64.5px;">—</div><div id="a27972" style="position:absolute;font-weight:normal;font-style:normal;left:536.52px;top:64.5px;">$ </div><div id="a27974" style="position:absolute;left:591.6px;top:64.5px;">1,961</div><div id="a27977" style="position:absolute;font-weight:normal;font-style:normal;left:634.48px;top:64.5px;">$ </div><div id="a27979" style="position:absolute;left:706.48px;top:64.5px;">—</div></div></div></div> 2137000 0 2137000 0 2137000 0 2137000 0 1961000 0 1961000 0 1961000 0 1961000 0 <div id="TextBlockContainer230" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:729px;height:155px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28077" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 18 – Hedging Activities </div><div id="a28087" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">In order to satisfy certain requirements of the Credit<div style="display:inline-block;width:4.78px"> </div>Facility as well as to manage the Company’s<div style="display:inline-block;width:4.96px"> </div>exposure to variable interest </div><div id="a28129" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">rate risk associated with the Credit Facility,<div style="display:inline-block;width:5.22px"> </div>in November 2019, the Company entered into $</div><div id="a28129_91_5" style="position:absolute;left:494.759px;top:38.7px;">170.0</div><div id="a28129_96_29" style="position:absolute;font-weight:normal;font-style:normal;left:524.839px;top:38.7px;"><div style="display:inline-block;width:3.36px"> </div>million notional amounts of </div><div id="a28129_125_6" style="position:absolute;left:680.079px;top:38.7px;">three </div><div id="a28169" style="position:absolute;left:4.427px;top:53.9px;">year</div><div id="a28169_4_123" style="position:absolute;font-weight:normal;font-style:normal;left:27.467px;top:53.9px;"><div style="display:inline-block;width:3.36px"> </div>interest rate swaps.<div style="display:inline-block;width:7.1px"> </div>See Note 15 of Notes to Condensed Consolidated Financial Statements.<div style="display:inline-block;width:8.23px"> </div>These interest rate swaps are </div><div id="a28208" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">designated as cash flow hedges and, as such, the contracts<div style="display:inline-block;width:4.78px"> </div>are marked-to-market at each reporting date and any unrealized gains<div style="display:inline-block;width:4.85px"> </div>or </div><div id="a28254" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">losses are included in AOCI to the extent effective<div style="display:inline-block;width:4.97px"> </div>and reclassified to interest expense in the period during which the<div style="display:inline-block;width:4.81px"> </div>transaction </div><div id="a28296" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">affects earnings or it becomes probable that<div style="display:inline-block;width:4.74px"> </div>the forecasted transaction will not occur.<div style="display:inline-block;width:8.19px"> </div></div><div id="a28325" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:123.4px;">The balance sheet classification and fair values of the<div style="display:inline-block;width:4.79px"> </div>Company’s derivative instruments,<div style="display:inline-block;width:4.74px"> </div>which are Level 2 measurements, are as </div><div id="a28363" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:138.7px;">follows:</div></div><div id="TextBlockContainer234" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_232_XBRL_TS_369daa2b27cf4699a00469a07da0f518" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer233" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28371" style="position:absolute;font-weight:bold;font-style:normal;left:567.6px;top:0px;">Fair Value </div><div id="a28377" style="position:absolute;font-weight:bold;font-style:normal;left:319.053px;top:17.3px;">Condensed Consolidated </div><div id="a28380" style="position:absolute;font-weight:bold;font-style:normal;left:519.4px;top:17.3px;">June 30,<div style="display:inline-block;width:3.53px"> </div></div><div id="a28383" style="position:absolute;font-weight:bold;font-style:normal;left:614.32px;top:17.3px;">December 31, </div><div id="a28389" style="position:absolute;font-weight:bold;font-style:normal;left:322.893px;top:33.9px;">Balance Sheet Location </div><div id="a28393" style="position:absolute;font-weight:bold;font-style:normal;left:529.8px;top:33.9px;">2021 </div><div id="a28396" style="position:absolute;font-weight:bold;font-style:normal;left:639.76px;top:33.9px;">2020 </div><div id="a28400" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:51.2px;">Derivatives designated as cash flow hedges: </div><div id="a28413" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:68px;">Interest rate swaps </div><div id="a28415" style="position:absolute;font-weight:normal;font-style:normal;left:295.533px;top:68px;">Other non-current liabilities </div><div id="a28420" style="position:absolute;font-weight:normal;font-style:normal;left:493.64px;top:68px;">$ </div><div id="a28422" style="position:absolute;left:559.6px;top:68px;">3,356</div><div id="a28425" style="position:absolute;font-weight:normal;font-style:normal;left:603.6px;top:68px;">$ </div><div id="a28427" style="position:absolute;left:669.68px;top:68px;">4,672</div><div id="a28436" style="position:absolute;font-weight:normal;font-style:normal;left:493.64px;top:85.8px;">$ </div><div id="a28438" style="position:absolute;left:559.6px;top:85.8px;">3,356</div><div id="a28441" style="position:absolute;font-weight:normal;font-style:normal;left:603.6px;top:85.8px;">$ </div><div id="a28443" style="position:absolute;left:669.68px;top:85.8px;">4,672</div></div></div></div><div id="TextBlockContainer236" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:389px;height:16px;display:inline-block;"><div id="a28446" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">The following table presents the net unrealized loss deferred to<div style="display:inline-block;width:4.8px"> </div>AOCI:</div></div><div id="TextBlockContainer240" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_238_XBRL_TS_3dbe44086adb4cc0bd73a1b46021f473" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer239" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28475" style="position:absolute;font-weight:bold;font-style:normal;left:518.28px;top:0px;">June 30,<div style="display:inline-block;width:3.53px"> </div></div><div id="a28478" style="position:absolute;font-weight:bold;font-style:normal;left:614.32px;top:0px;">December 31, </div><div id="a28487" style="position:absolute;font-weight:bold;font-style:normal;left:528.68px;top:17px;">2021 </div><div id="a28490" style="position:absolute;font-weight:bold;font-style:normal;left:639.76px;top:17px;">2020 </div><div id="a28494" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:34.2px;">Derivatives designated as cash flow hedges: </div><div id="a28507" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:51px;">Interest rate swaps </div><div id="a28510" style="position:absolute;font-weight:normal;font-style:normal;left:322.573px;top:51px;">AOCI </div><div id="a28513" style="position:absolute;font-weight:normal;font-style:normal;left:493.96px;top:51px;">$ </div><div id="a28515" style="position:absolute;left:558.6px;top:51px;">2,584</div><div id="a28518" style="position:absolute;font-weight:normal;font-style:normal;left:605.04px;top:51px;">$ </div><div id="a28520" style="position:absolute;left:669.68px;top:51px;">3,598</div><div id="a28529" style="position:absolute;font-weight:normal;font-style:normal;left:493.96px;top:68.8px;">$ </div><div id="a28531" style="position:absolute;left:558.6px;top:68.8px;">2,584</div><div id="a28534" style="position:absolute;font-weight:normal;font-style:normal;left:605.04px;top:68.8px;">$ </div><div id="a28536" style="position:absolute;left:669.68px;top:68.8px;">3,598</div></div></div></div><div id="TextBlockContainer242" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:424px;height:16px;display:inline-block;"><div id="a28539" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">The following table presents the net loss reclassified from<div style="display:inline-block;width:4.82px"> </div>AOCI to earnings:</div></div><div id="TextBlockContainer246" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:717px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_244_XBRL_TS_4845fb53e79a471baceca67139779eb7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer245" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:717px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28568" style="position:absolute;font-weight:bold;font-style:normal;left:419.88px;top:0px;">Three Months Ended </div><div id="a28571" style="position:absolute;font-weight:bold;font-style:normal;left:581.84px;top:0px;">Six Months Ended </div><div id="a28578" style="position:absolute;font-weight:bold;font-style:normal;left:456.84px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a28581" style="position:absolute;font-weight:bold;font-style:normal;left:610.8px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a28588" style="position:absolute;font-weight:bold;font-style:normal;left:428.68px;top:34.4px;">2021 </div><div id="a28591" style="position:absolute;font-weight:bold;font-style:normal;left:505.64px;top:34.4px;">2020 </div><div id="a28594" style="position:absolute;font-weight:bold;font-style:normal;left:582.64px;top:34.4px;">2021 </div><div id="a28597" style="position:absolute;font-weight:bold;font-style:normal;left:659.76px;top:34.4px;">2020 </div><div id="a28601" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Amount and location of expense reclassified </div><div id="a28618" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">from AOCI into expense (effective portion) </div><div id="a28621" style="position:absolute;font-weight:normal;font-style:normal;left:277.453px;top:68px;">Interest expense, net </div><div id="a28623" style="position:absolute;font-weight:normal;font-style:normal;left:407.56px;top:68px;">$ </div><div id="a28625" style="position:absolute;left:447.72px;top:68px;">(659)</div><div id="a28628" style="position:absolute;font-weight:normal;font-style:normal;left:484.52px;top:68px;">$ </div><div id="a28630" style="position:absolute;left:524.68px;top:68px;">(483)</div><div id="a28633" style="position:absolute;font-weight:normal;font-style:normal;left:561.48px;top:68px;">$ </div><div id="a28635" style="position:absolute;left:591.92px;top:68px;">(1,302)</div><div id="a28638" style="position:absolute;font-weight:normal;font-style:normal;left:638.64px;top:68px;">$ </div><div id="a28640" style="position:absolute;left:678.8px;top:68px;">(465)</div></div></div></div><div id="TextBlockContainer248" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28643" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:0px;">Interest rate swaps are entered into with a limited number<div style="display:inline-block;width:4.77px"> </div>of counterparties, each of which allows for net settlement<div style="display:inline-block;width:4.71px"> </div>of all </div><div id="a28685" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">contracts through a single payment in a single currency<div style="display:inline-block;width:4.77px"> </div>in the event of a default on or termination of any one<div style="display:inline-block;width:4.72px"> </div>contract.<div style="display:inline-block;width:6.88px"> </div>As such, in </div><div id="a28735" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">accordance with the Company’s<div style="display:inline-block;width:4.75px"> </div>accounting policy,<div style="display:inline-block;width:4.73px"> </div>these derivative instruments are recorded on a net basis within<div style="display:inline-block;width:4.8px"> </div>the Condensed </div><div id="a28771" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:46.1px;">Consolidated Balance Sheets.</div></div> 170000000.0 P3Y <div id="TextBlockContainer233" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:102px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28371" style="position:absolute;font-weight:bold;font-style:normal;left:567.6px;top:0px;">Fair Value </div><div id="a28377" style="position:absolute;font-weight:bold;font-style:normal;left:319.053px;top:17.3px;">Condensed Consolidated </div><div id="a28380" style="position:absolute;font-weight:bold;font-style:normal;left:519.4px;top:17.3px;">June 30,<div style="display:inline-block;width:3.53px"> </div></div><div id="a28383" style="position:absolute;font-weight:bold;font-style:normal;left:614.32px;top:17.3px;">December 31, </div><div id="a28389" style="position:absolute;font-weight:bold;font-style:normal;left:322.893px;top:33.9px;">Balance Sheet Location </div><div id="a28393" style="position:absolute;font-weight:bold;font-style:normal;left:529.8px;top:33.9px;">2021 </div><div id="a28396" style="position:absolute;font-weight:bold;font-style:normal;left:639.76px;top:33.9px;">2020 </div><div id="a28400" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:51.2px;">Derivatives designated as cash flow hedges: </div><div id="a28413" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:68px;">Interest rate swaps </div><div id="a28415" style="position:absolute;font-weight:normal;font-style:normal;left:295.533px;top:68px;">Other non-current liabilities </div><div id="a28420" style="position:absolute;font-weight:normal;font-style:normal;left:493.64px;top:68px;">$ </div><div id="a28422" style="position:absolute;left:559.6px;top:68px;">3,356</div><div id="a28425" style="position:absolute;font-weight:normal;font-style:normal;left:603.6px;top:68px;">$ </div><div id="a28427" style="position:absolute;left:669.68px;top:68px;">4,672</div><div id="a28436" style="position:absolute;font-weight:normal;font-style:normal;left:493.64px;top:85.8px;">$ </div><div id="a28438" style="position:absolute;left:559.6px;top:85.8px;">3,356</div><div id="a28441" style="position:absolute;font-weight:normal;font-style:normal;left:603.6px;top:85.8px;">$ </div><div id="a28443" style="position:absolute;left:669.68px;top:85.8px;">4,672</div></div><div id="TextBlockContainer239" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:709px;height:85px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28475" style="position:absolute;font-weight:bold;font-style:normal;left:518.28px;top:0px;">June 30,<div style="display:inline-block;width:3.53px"> </div></div><div id="a28478" style="position:absolute;font-weight:bold;font-style:normal;left:614.32px;top:0px;">December 31, </div><div id="a28487" style="position:absolute;font-weight:bold;font-style:normal;left:528.68px;top:17px;">2021 </div><div id="a28490" style="position:absolute;font-weight:bold;font-style:normal;left:639.76px;top:17px;">2020 </div><div id="a28494" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:34.2px;">Derivatives designated as cash flow hedges: </div><div id="a28507" style="position:absolute;font-weight:normal;font-style:normal;left:14.507px;top:51px;">Interest rate swaps </div><div id="a28510" style="position:absolute;font-weight:normal;font-style:normal;left:322.573px;top:51px;">AOCI </div><div id="a28513" style="position:absolute;font-weight:normal;font-style:normal;left:493.96px;top:51px;">$ </div><div id="a28515" style="position:absolute;left:558.6px;top:51px;">2,584</div><div id="a28518" style="position:absolute;font-weight:normal;font-style:normal;left:605.04px;top:51px;">$ </div><div id="a28520" style="position:absolute;left:669.68px;top:51px;">3,598</div><div id="a28529" style="position:absolute;font-weight:normal;font-style:normal;left:493.96px;top:68.8px;">$ </div><div id="a28531" style="position:absolute;left:558.6px;top:68.8px;">2,584</div><div id="a28534" style="position:absolute;font-weight:normal;font-style:normal;left:605.04px;top:68.8px;">$ </div><div id="a28536" style="position:absolute;left:669.68px;top:68.8px;">3,598</div></div><div id="TextBlockContainer245" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:717px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28568" style="position:absolute;font-weight:bold;font-style:normal;left:419.88px;top:0px;">Three Months Ended </div><div id="a28571" style="position:absolute;font-weight:bold;font-style:normal;left:581.84px;top:0px;">Six Months Ended </div><div id="a28578" style="position:absolute;font-weight:bold;font-style:normal;left:456.84px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a28581" style="position:absolute;font-weight:bold;font-style:normal;left:610.8px;top:17px;">June 30,<div style="display:inline-block;width:3.49px"> </div></div><div id="a28588" style="position:absolute;font-weight:bold;font-style:normal;left:428.68px;top:34.4px;">2021 </div><div id="a28591" style="position:absolute;font-weight:bold;font-style:normal;left:505.64px;top:34.4px;">2020 </div><div id="a28594" style="position:absolute;font-weight:bold;font-style:normal;left:582.64px;top:34.4px;">2021 </div><div id="a28597" style="position:absolute;font-weight:bold;font-style:normal;left:659.76px;top:34.4px;">2020 </div><div id="a28601" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:51.4px;">Amount and location of expense reclassified </div><div id="a28618" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:68px;">from AOCI into expense (effective portion) </div><div id="a28621" style="position:absolute;font-weight:normal;font-style:normal;left:277.453px;top:68px;">Interest expense, net </div><div id="a28623" style="position:absolute;font-weight:normal;font-style:normal;left:407.56px;top:68px;">$ </div><div id="a28625" style="position:absolute;left:447.72px;top:68px;">(659)</div><div id="a28628" style="position:absolute;font-weight:normal;font-style:normal;left:484.52px;top:68px;">$ </div><div id="a28630" style="position:absolute;left:524.68px;top:68px;">(483)</div><div id="a28633" style="position:absolute;font-weight:normal;font-style:normal;left:561.48px;top:68px;">$ </div><div id="a28635" style="position:absolute;left:591.92px;top:68px;">(1,302)</div><div id="a28638" style="position:absolute;font-weight:normal;font-style:normal;left:638.64px;top:68px;">$ </div><div id="a28640" style="position:absolute;left:678.8px;top:68px;">(465)</div></div> 3356000 4672000 3356000 4672000 2584000 3598000 2584000 3598000 -659000 -483000 -1302000 -465000 <div id="TextBlockContainer250" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:861px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28826" style="position:absolute;font-weight:bold;font-style:normal;left:4.427px;top:0px;">Note 19 – Commitments and Contingencies </div><div id="a28840" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:23.4px;">The Company previously disclosed in its 2020 Form 10-K<div style="display:inline-block;width:4.78px"> </div>that AC Products, Inc. (“ACP”), a wholly owned subsidiary,<div style="display:inline-block;width:5.48px"> </div>has been </div><div id="a28882" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:38.7px;">operating a groundwater treatment system to hydraulically<div style="display:inline-block;width:4.76px"> </div>contain groundwater contamination emanating from ACP’s<div style="display:inline-block;width:5.16px"> </div>site, the </div><div id="a28913" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:53.9px;">principal contaminant of which is perchloroethylene.<div style="display:inline-block;width:8.03px"> </div>As of June 30, 2021, ACP believes it is close to meeting the<div style="display:inline-block;width:4.75px"> </div>conditions for </div><div id="a28955" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:69.3px;">closure of the groundwater treatment system, but continues<div style="display:inline-block;width:4.74px"> </div>to operate this system while in discussions with the relevant<div style="display:inline-block;width:4.81px"> </div>authorities.<div style="display:inline-block;width:3.5px"> </div></div><div id="a28994" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:84.6px;">As of June 30, 2021, the Company believes that the range<div style="display:inline-block;width:4.74px"> </div>of potential-known liabilities associated with the balance<div style="display:inline-block;width:4.71px"> </div>of the ACP water </div><div id="a29040" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:100px;">remediation program is approximately $</div><div id="a29040_38_3" style="position:absolute;left:219.333px;top:100px;">0.1</div><div id="a29040_41_13" style="position:absolute;font-weight:normal;font-style:normal;left:236.013px;top:100px;"><div style="display:inline-block;width:3.36px"> </div>million to $</div><div id="a29040_54_3" style="position:absolute;left:301.613px;top:100px;">1.0</div><div id="a29040_57_73" style="position:absolute;font-weight:normal;font-style:normal;left:318.253px;top:100px;"><div style="display:inline-block;width:3.2px"> </div>million.<div style="display:inline-block;width:6.95px"> </div>The low and high ends of the range are based on the length of </div><div id="a29087" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:115.4px;">operation of the treatment system as determined<div style="display:inline-block;width:4.56px"> </div>by groundwater modeling.<div style="display:inline-block;width:7.35px"> </div>Costs of operation include the operation and maintenance </div><div id="a29123" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:130.7px;">of the extraction well, groundwater monitoring and program<div style="display:inline-block;width:4.77px"> </div>management. </div><div id="a29141" style="position:absolute;font-weight:bold;font-style:normal;left:404.04px;top:130.7px;"> </div><div id="a29142" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:153.9px;">The Company previously disclosed in its 2020 Form 10-K<div style="display:inline-block;width:4.78px"> </div>that an inactive subsidiary of the Company that was acquired<div style="display:inline-block;width:4.71px"> </div>in 1978 </div><div id="a29186" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:169.3px;">sold certain products containing asbestos, primarily<div style="display:inline-block;width:4.65px"> </div>on an installed basis, and is among the defendants in numerous<div style="display:inline-block;width:4.91px"> </div>lawsuits alleging </div><div id="a29225" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:184.6px;">injury due to exposure to asbestos.<div style="display:inline-block;width:7.39px"> </div>During the three and six months ended June 30, 2021,<div style="display:inline-block;width:4.69px"> </div>there have been no significant changes to </div><div id="a29273" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:200px;">the facts or circumstances of this previously disclosed matter,<div style="display:inline-block;width:5.33px"> </div>aside from on-going claims and routine payments associated with<div style="display:inline-block;width:4.72px"> </div>this </div><div id="a29313" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:215.4px;">litigation.<div style="display:inline-block;width:7px"> </div>Based on a continued analysis of the existing and anticipated<div style="display:inline-block;width:4.77px"> </div>future claims against this subsidiary,<div style="display:inline-block;width:4.96px"> </div>it is currently projected </div><div id="a29353" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:230.8px;">that the subsidiary’s total<div style="display:inline-block;width:4.8px"> </div>liability over the next 50 years for these claims is approximately<div style="display:inline-block;width:4.65px"> </div>$</div><div id="a29353_96_3" style="position:absolute;left:495.239px;top:230.8px;">0.4</div><div id="a29353_99_39" style="position:absolute;font-weight:normal;font-style:normal;left:512.039px;top:230.8px;"><div style="display:inline-block;width:3.36px"> </div>million (excluding costs of defense). </div><div id="a29395" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:254px;">The Company previously disclosed in its 2020 Form 10-K<div style="display:inline-block;width:4.78px"> </div>that it is party to certain environmental matters related to certain </div><div id="a29437" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:269.3px;">domestic and foreign properties currently or previously<div style="display:inline-block;width:4.6px"> </div>owned by Houghton.<div style="display:inline-block;width:7.14px"> </div>These environmental matters primarily require the </div><div id="a29470" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:284.7px;">Company to perform long-term monitoring as well as operating<div style="display:inline-block;width:4.96px"> </div>and maintenance at each of the applicable sites.<div style="display:inline-block;width:7.7px"> </div>During the three and </div><div id="a29514" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:300px;">six months ended June 30, 2021, there have been no significant<div style="display:inline-block;width:4.84px"> </div>changes to the facts or circumstances of these previously<div style="display:inline-block;width:4.66px"> </div>disclosed </div><div id="a29557" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:315.4px;">matters, aside from on-going monitoring and maintenance<div style="display:inline-block;width:4.83px"> </div>activities and routine payments associated with each of the<div style="display:inline-block;width:4.73px"> </div>sites.<div style="display:inline-block;width:6.51px"> </div>The </div><div id="a29595" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:330.6px;">Company continually evaluates its obligations related to such<div style="display:inline-block;width:4.71px"> </div>matters, and based on historical costs incurred and projected<div style="display:inline-block;width:4.73px"> </div>costs to be </div><div id="a29636" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:346px;">incurred over the next 28 years, has estimated the present<div style="display:inline-block;width:4.76px"> </div>value range of costs for all of the Houghton environmental<div style="display:inline-block;width:4.77px"> </div>matters, on a </div><div id="a29682" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:361.3px;">discounted basis, to be between approximately $</div><div id="a29682_47_3" style="position:absolute;left:263.373px;top:361.3px;">5.5</div><div id="a29682_50_14" style="position:absolute;font-weight:normal;font-style:normal;left:280.013px;top:361.3px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a29682_64_3" style="position:absolute;left:354.573px;top:361.3px;">6.5</div><div id="a29682_67_41" style="position:absolute;font-weight:normal;font-style:normal;left:371.213px;top:361.3px;"><div style="display:inline-block;width:3.36px"> </div>million as of June 30, 2021, for which $</div><div id="a29682_108_3" style="position:absolute;left:587.919px;top:361.3px;">6.0</div><div id="a29682_111_21" style="position:absolute;font-weight:normal;font-style:normal;left:604.559px;top:361.3px;"><div style="display:inline-block;width:3.36px"> </div>million was accrued </div><div id="a29726" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:376.7px;">within other accrued liabilities and other non-current<div style="display:inline-block;width:4.77px"> </div>liabilities on the Company’s Condensed<div style="display:inline-block;width:4.79px"> </div>Consolidated Balance Sheet as of June </div><div id="a29764" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:392px;">30, 2021.<div style="display:inline-block;width:7.03px"> </div>Comparatively, as of December<div style="display:inline-block;width:4.81px"> </div>31, 2020, the Company had $</div><div id="a29764_68_3" style="position:absolute;left:391.533px;top:392px;">6.0</div><div id="a29764_71_52" style="position:absolute;font-weight:normal;font-style:normal;left:408.36px;top:392px;"><div style="display:inline-block;width:3.2px"> </div>million accrued for with respect to these matters. </div><div id="a29804" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:415.4px;">The Company believes, although there can be no assurance<div style="display:inline-block;width:4.72px"> </div>regarding the outcome of other unrelated environmental matters, that </div><div id="a29840" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:430.6px;">it has made adequate accruals for costs associated with other<div style="display:inline-block;width:4.71px"> </div>environmental problems of which it is aware.<div style="display:inline-block;width:7.73px"> </div>Approximately $</div><div id="a29840_123_3" style="position:absolute;left:670.319px;top:430.6px;">0.1</div><div id="a29840_126_1" style="position:absolute;font-weight:normal;font-style:normal;left:686.959px;top:430.6px;"> </div><div id="a29878" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:446px;">million was accrued as of both June 30, 2021 and December<div style="display:inline-block;width:4.72px"> </div>31, 2020,<div style="display:inline-block;width:3.64px"> </div>to provide for such anticipated future environmental </div><div id="a29919" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:461.3px;">assessments and remediation costs.<div style="display:inline-block;width:7.49px"> </div></div><div id="a29928" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:484.7px;">The Company previously disclosed in its 2020 Form 10-K<div style="display:inline-block;width:4.78px"> </div>that one of the Company’s subsidiaries<div style="display:inline-block;width:4.73px"> </div>received a notice of inspection </div><div id="a29971" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:500.1px;">from a taxing authority in a country where certain<div style="display:inline-block;width:4.58px"> </div>of its subsidiaries operate which related to a non-income (indirect)<div style="display:inline-block;width:4.92px"> </div>tax that may be </div><div id="a30019" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:515.4px;">applicable to certain products the subsidiary sells.<div style="display:inline-block;width:7.81px"> </div>To date, the Company<div style="display:inline-block;width:4.86px"> </div>has not<div style="display:inline-block;width:3.45px"> </div>received any assessment from the authority related to </div><div id="a30063" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:530.6px;">potential liabilities that may be due from the Company’s<div style="display:inline-block;width:5.39px"> </div>subsidiary.<div style="display:inline-block;width:7.91px"> </div>Consequently, there is substantial uncertainty<div style="display:inline-block;width:5.12px"> </div>with respect to the </div><div id="a30102" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:546px;">Company’s ultimate liability<div style="display:inline-block;width:4.7px"> </div>with respect to this indirect tax, as the application of<div style="display:inline-block;width:4.72px"> </div>this tax in its given market is ambiguous and </div><div id="a30146" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:561.3px;">interpreted differently among other peer companies<div style="display:inline-block;width:4.83px"> </div>and taxing authorities.<div style="display:inline-block;width:7.24px"> </div>The Company, with assistance<div style="display:inline-block;width:4.7px"> </div>from independent experts, </div><div id="a30179" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:576.7px;">has performed an evaluation of the applicability of this<div style="display:inline-block;width:4.74px"> </div>indirect tax to the Company’s<div style="display:inline-block;width:4.83px"> </div>subsidiaries in this country.<div style="display:inline-block;width:8.12px"> </div>During the six </div><div id="a30221" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:592.1px;">months ended June 30, 2021 and through the date of<div style="display:inline-block;width:4.7px"> </div>this Report, there have been no significant changes to<div style="display:inline-block;width:4.7px"> </div>the facts or circumstances </div><div id="a30267" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:607.3px;">of this previously disclosed matter,<div style="display:inline-block;width:4.7px"> </div>aside from<div style="display:inline-block;width:3.62px"> </div>on-going discussions between the Company and the<div style="display:inline-block;width:4.78px"> </div>taxing authority related to this </div><div id="a30308" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:622.6px;">notice of inspection and independent testing conducted by<div style="display:inline-block;width:4.83px"> </div>third-party consultants at the direction of the Company and the taxing </div><div id="a30348" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:638px;">authority to determine if the Company’s<div style="display:inline-block;width:5.02px"> </div>products have contents which subject them to this indirect tax.<div style="display:inline-block;width:8.2px"> </div>Based on all of the </div><div id="a30391" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:653.3px;">information available to the Company at this time, as of<div style="display:inline-block;width:4.83px"> </div>June 30, 2021, the Company has recorded a liability of $</div><div id="a30391_113_3" style="position:absolute;left:607.919px;top:653.3px;">1.8</div><div id="a30391_116_18" style="position:absolute;font-weight:normal;font-style:normal;left:624.559px;top:653.3px;"><div style="display:inline-block;width:3.36px"> </div>million in other </div><div id="a30441" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:668.7px;">accrued liabilities, which reflects the Company’s<div style="display:inline-block;width:5.35px"> </div>current best estimate of probable indirect tax owed, including<div style="display:inline-block;width:4.75px"> </div>interest and taking into </div><div id="a30479" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:684.1px;">account applicable statutes of limitations.<div style="display:inline-block;width:7.58px"> </div>Because these amounts in part relate to a Houghton entity<div style="display:inline-block;width:4.77px"> </div>acquired in the Combination and </div><div id="a30520" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:699.3px;">for periods prior to the Combination, the Company<div style="display:inline-block;width:4.54px"> </div>has submitted an indemnification claim with Houghton’s<div style="display:inline-block;width:5.4px"> </div>former owners related to </div><div id="a30559" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:714.7px;">this potential indirect tax liability.<div style="display:inline-block;width:8.38px"> </div>The Company recorded a receivable in other assets for approximately<div style="display:inline-block;width:4.94px"> </div>$</div><div id="a30559_109_3" style="position:absolute;left:573.799px;top:714.7px;">1.1</div><div id="a30559_112_25" style="position:absolute;font-weight:normal;font-style:normal;left:590.479px;top:714.7px;"><div style="display:inline-block;width:3.36px"> </div>million, which reflects </div><div id="a30598" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:730px;">the amount of the initial recorded liability for which<div style="display:inline-block;width:4.76px"> </div>the Company anticipates being indemnified.<div style="display:inline-block;width:7.66px"> </div>As noted, the Company believes </div><div id="a30638" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:745.4px;">there is substantial uncertainty with respect to its ultimate liability<div style="display:inline-block;width:4.85px"> </div>given the ambiguous application of this indirect tax.<div style="display:inline-block;width:7.94px"> </div>At this time, </div><div id="a30681" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:760.7px;">the Company’s current<div style="display:inline-block;width:4.66px"> </div>best estimate of a potential range for possible assessments, including<div style="display:inline-block;width:5.03px"> </div>additional amounts that may be assessed </div><div id="a30720" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:776.1px;">under these indirect tax laws, would be $</div><div id="a30720_41_1" style="position:absolute;left:223.053px;top:776.1px;">0</div><div id="a30720_42_19" style="position:absolute;font-weight:normal;font-style:normal;left:229.773px;top:776.1px;"><div style="display:inline-block;width:3.36px"> </div>to approximately $</div><div id="a30720_61_2" style="position:absolute;left:333.773px;top:776.1px;">40</div><div id="a30720_63_41" style="position:absolute;font-weight:normal;font-style:normal;left:347.213px;top:776.1px;"><div style="display:inline-block;width:3.36px"> </div>million, which is net of approximately $</div><div id="a30720_104_2" style="position:absolute;left:565px;top:776.1px;">11</div><div id="a30720_106_22" style="position:absolute;font-weight:normal;font-style:normal;left:578.32px;top:776.1px;"><div style="display:inline-block;width:3.36px"> </div>million of estimated </div><div id="a30765" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:791.5px;">income tax deductions and approximately $</div><div id="a30765_41_2" style="position:absolute;left:237.613px;top:791.5px;">22</div><div id="a30765_43_80" style="position:absolute;font-weight:normal;font-style:normal;left:250.893px;top:791.5px;"><div style="display:inline-block;width:3.36px"> </div>million of applicable rights to indemnification from Houghton’s<div style="display:inline-block;width:5.5px"> </div>former owners. </div><div id="a30798" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:814.7px;">During the first six months of 2021, one of the Company’s<div style="display:inline-block;width:5.44px"> </div>Brazilian subsidiaries received a notice that it had prevailed<div style="display:inline-block;width:4.71px"> </div>on an </div><div id="a30842" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:830px;">existing legal claim in regard to certain non-income<div style="display:inline-block;width:4.7px"> </div>(indirect) taxes that had been previously charged and paid.<div style="display:inline-block;width:8.17px"> </div>The matter </div><div id="a30884" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:845.4px;">specifically relates to companies’ rights to exclude the<div style="display:inline-block;width:4.77px"> </div>state tax on goods circulation (a valued-added-tax or VAT<div style="display:inline-block;width:7.89px"> </div>equivalent, known in </div></div><div id="TextBlockContainer252" style="position:relative;font-family:Times New Roman;font-size:13.28px;color:#000000;line-height:normal;width:733px;height:323px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30977" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:0px;">Brazil as “ICMS”) from<div style="display:inline-block;width:4.06px"> </div>the calculation of certain additional indirect taxes (specifically<div style="display:inline-block;width:4.74px"> </div>the program of social integration (“PIS”) </div><div id="a31014" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">and contribution for the financing of social security (“COFINS”))<div style="display:inline-block;width:4.79px"> </div>levied by the Brazilian States on the sale of goods.<div style="display:inline-block;width:7.9px"> </div>In May 2021, </div><div id="a31059" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">the Brazilian Supreme Court concluded that ICMS should<div style="display:inline-block;width:4.9px"> </div>not be included in the tax base of PIS and COFINS, and confirmed<div style="display:inline-block;width:4.89px"> </div>the </div><div id="a31104" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:45.9px;">methodology for calculating the PIS and COFINS tax credit<div style="display:inline-block;width:4.77px"> </div>claims to which taxpayers are entitled.<div style="display:inline-block;width:7.58px"> </div>The Company’s Brazilian entities </div><div id="a31143" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:61.3px;">had previously filed legal or administrative disputes on<div style="display:inline-block;width:4.72px"> </div>this matter and are entitled to receive tax credits and interest dating<div style="display:inline-block;width:4.77px"> </div>back to </div><div id="a31188" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:76.6px;">five years preceding the date of their legal claims.<div style="display:inline-block;width:7.91px"> </div>As a result of these court rulings in the first six months of 2021,<div style="display:inline-block;width:4.73px"> </div>the Company </div><div id="a31239" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:92px;">recognized non-income tax credits of </div><div id="a31239_37_4" style="position:absolute;left:206.373px;top:92px;">67.0</div><div id="a31239_41_31" style="position:absolute;font-weight:normal;font-style:normal;left:229.773px;top:92px;"><div style="display:inline-block;width:3.36px"> </div>million BRL or approximately $</div><div id="a31239_72_4" style="position:absolute;left:405.8px;top:92px;">13.3</div><div id="a31239_76_40" style="position:absolute;font-weight:normal;font-style:normal;left:429.16px;top:92px;"><div style="display:inline-block;width:3.2px"> </div>million, which includes approximately $</div><div id="a31239_116_3" style="position:absolute;left:648.239px;top:92px;">8.4</div><div id="a31239_119_9" style="position:absolute;font-weight:normal;font-style:normal;left:665.039px;top:92px;"><div style="display:inline-block;width:3.36px"> </div>million </div><div id="a31282" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:107.4px;">for the PIS and COFINS tax credits as well as interest on these<div style="display:inline-block;width:4.73px"> </div>tax credits of $</div><div id="a31282_80_3" style="position:absolute;left:422.28px;top:107.4px;">4.9</div><div id="a31282_83_50" style="position:absolute;font-weight:normal;font-style:normal;left:439.08px;top:107.4px;"><div style="display:inline-block;width:3.36px"> </div>million.<div style="display:inline-block;width:6.63px"> </div>The tax credits to which the Company’s </div><div id="a31334" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:122.7px;">Brazilian subsidiaries are entitled are claimable once registered<div style="display:inline-block;width:4.8px"> </div>with the Brazilian tax authorities and the Company anticipates </div><div id="a31368" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:137.9px;">completing this step during the second half of 2021.<div style="display:inline-block;width:7.98px"> </div>These tax credits can be used to offset future Brazilian<div style="display:inline-block;width:4.76px"> </div>federal taxes and the </div><div id="a31416" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:153.3px;">Company currently anticipates using the full amount of<div style="display:inline-block;width:4.85px"> </div>credits during the five year period of time permitted.<div style="display:inline-block;width:4.27px"> </div></div><div id="a31452" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:176.6px;">In connection with obtaining regulatory approvals for the<div style="display:inline-block;width:4.78px"> </div>Combination, certain steel and aluminum related product lines<div style="display:inline-block;width:4.58px"> </div>of </div><div id="a31486" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:192px;">Houghton were divested on August 1, 2019.<div style="display:inline-block;width:7.88px"> </div>In July 2021, the entity that acquired these divested product lines<div style="display:inline-block;width:4.74px"> </div>submitted an </div><div id="a31526" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:207.4px;">indemnification claim for certain alleged losses in accordance with<div style="display:inline-block;width:4.76px"> </div>the terms of the Asset Purchase Agreement (“APA”)<div style="display:inline-block;width:2.35px"> </div>.<div style="display:inline-block;width:6.76px"> </div>Under the </div><div id="a31567" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:222.8px;">terms of the APA,<div style="display:inline-block;width:5.09px"> </div>the Company has 45 days to review the claim and respond<div style="display:inline-block;width:1.48px"> </div>,<div style="display:inline-block;width:3.4px"> </div>and as such, the Company is in the early stages of </div><div id="a31620" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:238px;">evaluating the merits of the alleged losses in the indemnification<div style="display:inline-block;width:4.82px"> </div>claim received.<div style="display:inline-block;width:7.08px"> </div>As of the date of this Report,<div style="display:inline-block;width:4px"> </div>the Company does not </div><div id="a31670" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:253.3px;">believe it is reasonably possible to determine or quantify<div style="display:inline-block;width:4.73px"> </div>any possible exposure.<div style="display:inline-block;width:3.74px"> </div></div><div id="a31695" style="position:absolute;font-weight:normal;font-style:normal;left:28.427px;top:276.7px;">The Company is party to other litigation which management<div style="display:inline-block;width:4.81px"> </div>currently believes will not have a material adverse<div style="display:inline-block;width:4.74px"> </div>effect on the </div><div id="a31735" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:292px;">Company’s results of<div style="display:inline-block;width:4.59px"> </div>operations, cash flows or financial condition.<div style="display:inline-block;width:7.89px"> </div>In addition, the Company has an immaterial amount of contractual </div><div id="a31773" style="position:absolute;font-weight:normal;font-style:normal;left:4.427px;top:307.4px;">purchase obligations.</div></div> 100000 1000000.0 400000 5500000 6500000 6000000.0 6000000.0 100000 100000 1800000 1100000 0 40000000 11000000 22000000 67000000.0 13300000 -8400000 4900000