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Goodwill (Tables)
12 Months Ended
Dec. 31, 2012
Goodwill [Abstract]  
Summary of Goodwill
                                 

(in millions)

  Fuel
Specialties
    Performance
Chemicals
    Octane
Additives
    Total  

At January 1, 2011

                               

Gross cost

  $ 108.9     $ 30.1     $ 236.6     $ 375.6  

Accumulated impairment losses

    0.0       0.0       (232.0     (232.0
   

 

 

   

 

 

   

 

 

   

 

 

 

Net book amount

    108.9       30.1       4.6       143.6  
   

 

 

   

 

 

   

 

 

   

 

 

 

Exchange effect

    (0.1     0.0       0.0       (0.1

Impairment losses

    0.0       0.0       (2.0     (2.0
   

 

 

   

 

 

   

 

 

   

 

 

 

At December 31, 2011

                               

Gross cost

    108.8       30.1       236.6       375.5  

Accumulated impairment losses

    0.0       0.0       (234.0     (234.0
   

 

 

   

 

 

   

 

 

   

 

 

 

Net book amount

    108.8       30.1       2.6       141.5  
   

 

 

   

 

 

   

 

 

   

 

 

 

Exchange effect

    0.1       0.0       (0.1     0.0  

Acquisitions

    8.7       0.0       0.0       8.7  

Impairment losses

    0.0       0.0       (1.2     (1.2
   

 

 

   

 

 

   

 

 

   

 

 

 

At December 31, 2012

                               

Gross cost

    117.6       30.1       236.5       384.2  

Accumulated impairment losses

    0.0       0.0       (235.2     (235.2
   

 

 

   

 

 

   

 

 

   

 

 

 

Net book amount

  $ 117.6     $ 30.1     $ 1.3     $ 149.0  
   

 

 

   

 

 

   

 

 

   

 

 

 
Impairment charge increase/(decrease) due to assumptions and factor change
                                 

(in millions)

        Approximate Increase/(Decrease)
to Impairment Charge
 
     Change     Fuel
Specialties
    Performance
Chemicals
    Octane
Additives
 

Credit-adjusted risk-free rate

    +10   $ 0.0     $ 0.0     $ 0.0  

Credit-adjusted risk-free rate

    -10     0.0       0.0       0.0  

After-tax cash flows

    +10     0.0       0.0       (2.4

After-tax cash flows

    -10   $ 0.0     $ 0.0     $ 2.4  
Purchase price and fair values of assets acquired and liabilities assumed
         

(in millions)

  Strata  

Other intangible assets

  $ 48.0  

Goodwill

    8.7  

Other net assets

    2.7  
   

 

 

 

Purchase price, net of cash acquired

  $ 59.4  
   

 

 

 
Financial position of operating results
                 

(in millions, except per share data)

  2012     2011  

Net sales

  $ 793.5     $ 790.1  

Net income

  $ 73.4     $ 51.9  

Earnings per share – basic

  $ 3.16     $ 2.19  

   – diluted

  $ 3.07     $ 2.11