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Investments in Affiliated Companies (Tables)

6 Months Ended

Jun. 30, 2021

Equity Method Investments and Joint Ventures [Abstract]

The Company accounts for investments in affiliated companies under the equity method. Affiliated companies accounted for on the equity basis as of June 30, 2021 are as follows:

Company

Country

Percent
Ownership

Zeolyst International

USA

50%

Zeolyst C.V.

Netherlands

50%

Following is summarized information of the combined investments(1):


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Sales	$	76,060	$	87,360	$	142,265	$	157,660
Gross profit	26,121		34,232		48,067		65,096
Operating income	16,987		24,559		31,161		45,420
Net income	16,751		26,237		30,487		46,161

(1)Summarized information of the combined investments is presented at 100%; the Company’s share of the net assets and net income of affiliates is calculated based on the percent ownership specified in the table above.