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Discontinued Operations and Disposal Groups (Tables)
 6 Months Ended
Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued operations
The following table summarizes the results of discontinued operations related to the Performance Materials divestiture:
Three Months Ended
June 30, 2020		Six Months Ended
June 30, 2020
Sales$105,995 $173,886 
Cost of goods sold76,818 128,405 
Selling, general and administrative expenses8,342 17,627 
Other operating (income) expense, net(168)12,706 
Operating income21,003 15,148 
Interest expense, net (1)
3,784 8,916 
Other expense, net1,077 165 
Income from discontinued operations before income tax16,142 6,067 
Provision for income taxes7,790 3,505 
Income from discontinued operations, net of tax$8,352 $2,562 
(1)The closing of the transaction triggered the Company’s obligation to provide partial repayment under its Amended and Restated Term Loan Credit Agreement, dated May 4, 2016 and its New Term Loan Credit Agreement, dated as of July 22, 2020. As such, interest expense has been allocated to discontinued operations on the basis of the Company’s mandatory repayment of $275,787 of the Senior Secured Term Loan Facility due February 2027 and its mandatory repayment of $188,722 of the new Senior Secured Term Loan Facility due February 2027.
The following table summarizes the results of discontinued operations related to Performance Chemicals for the periods presented:
Three months ended
June 30,		Six months ended
June 30,
2021202020212020
Sales$170,374 $140,034 $334,897 $311,218 
Cost of goods sold118,785 111,245 244,638 247,838 
Selling, general and administrative expenses11,490 9,998 23,206 21,731 
Other operating expense, net11,850 8,462 29,330 14,079 
Impairment of assets held for sale13,990 — 109,584 — 
Operating income (loss)14,259 10,329 (71,861)27,570 
Equity in net (income) from affiliated companies(48)(24)(86)(79)
Interest expense, net (1)
5,599 3,353 8,814 7,380 
Other (income) expense, net(840)320 (6,363)(3,434)
Income (loss) income from discontinued operations before income tax9,548 6,680 (74,226)23,703 
Provision for income taxes2,507 33,102 6,918 40,479 
Income (loss) income from discontinued operations, net of tax$7,041 $(26,422)$(81,144)$(16,776)
(1)Upon the close of the transaction, the Company used a portion of the net proceeds to repay a portion of its outstanding debt amounting to $526,363. Prior to the Company’s debt refinancing in June 2021, the Company’s outstanding term loan facilities had mandatory repayment provisions. As a result, interest expense has been allocated to discontinued operations on the basis of the Company’s total repayment of $526,363.
The following table summarizes the assets and liabilities of discontinued operations related to the Performance Chemicals divestiture as of June 30, 2021 and December 31, 2020.
June 30,
2021		December 31,
2020
ASSETS
Cash and cash equivalents$17,603 $21,520 
Accounts receivables, net93,413 86,961 
Inventories, net69,697 74,647 
Prepaid and other current assets18,500 20,879 
Current assets held for sale$199,213 $204,007 
Investments in affiliated companies$261 $324 
Property, plant and equipment, net394,461 391,524 
Goodwill250,626 326,173 
Other intangible assets, net383,842 388,857 
Right-of-use lease assets20,823 19,296 
Other long-term assets19,984 23,269 
Valuation allowance(34,504)— 
Long-term assets held for sale$1,035,493 $1,149,443 
LIABILITIES
Accounts payable$65,749 $74,754 
Operating lease liabilities—current6,544 8,479 
Accrued liabilities22,043 28,336 
Current liabilities held for sale$94,336 $111,569 
Deferred income taxes$60,109 $50,232 
Operating lease liabilities—noncurrent10,308 10,047 
Other long-term liabilities56,698 95,271 
Long-term liabilities held for sale$127,115 $155,550