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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2021
Equity [Abstract] |
Stockholders' Equity | 9. Stockholders' Equity: Accumulated Other Comprehensive Income (Loss) The following table presents the components of accumulated other comprehensive income (loss), net of tax, as of December 31, 2021 and 2020:
|  | December 31,
|  | 2021 |  | 2020
Amortization and unrealized gains (losses) on pension and postretirement plans, net of tax of $(3,567) and $(1,649) |  | $ | 11,072 |  |  | $ | 5,278 |
Net changes in fair values of derivatives, net of tax of $(422) and $549 |  | 2,254 |  |  | (660) |
Foreign currency translation adjustments, net of tax of $8,177 and $1,223 |  | (19,118) |  |  | (19,883) |
Accumulated other comprehensive loss |  | $ | (5,792) |  |  | $ | (15,265) |
The following table presents the tax effects of each component of other comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019:
|  | Years ended December 31,
|  | 2021 |  | 2020 |  | 2019
|  | Pre-tax amount |  | Tax benefit/ (expense) |  | After-tax amount |  | Pre-tax amount |  | Tax benefit/ (expense) |  | After-tax amount |  | Pre-tax amount |  | Tax benefit/ (expense) |  | After-tax amount
Defined benefit and other postretirement plans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of net gains and (losses) |  | $ | 5,885 |  |  | $ | (1,461) |  |  | $ | 4,424 |  |  | $ | 2,760 |  |  | $ | (696) |  |  | $ | 2,064 |  |  | $ | 2,970 |  |  | $ | (423) |  |  | $ | 2,547 |
Amortization of prior service cost |  | (232) |  |  | 58 |  |  | (174) |  |  | (232) |  |  | 58 |  |  | (174) |  |  | (156) |  |  | 39 |  |  | (117) |
Settlement gain (loss) |  | 2,059 |  |  | (515) |  |  | 1,544 |  |  | 64 |  |  | (16) |  |  | 48 |  |  | — |  |  | — |  |  | — |
Benefit plans, net |  | 7,712 |  |  | (1,918) |  |  | 5,794 |  |  | 2,592 |  |  | (654) |  |  | 1,938 |  |  | 2,814 |  |  | (384) |  |  | 2,430 |
Net (loss) gain from hedging activities |  | 3,885 |  |  | (971) |  |  | 2,914 |  |  | 221 |  |  | (55) |  |  | 166 |  |  | (3,553) |  |  | 888 |  |  | (2,665) |
Foreign currency translation(1) |  | 3,657 |  |  | 6,954 |  |  | 10,611 |  |  | (11,268) |  |  | (6,251) |  |  | (17,519) |  |  | 20,539 |  |  | 2,350 |  |  | 22,889 |
Other comprehensive income (loss) |  | $ | 15,254 |  |  | $ | 4,065 |  |  | $ | 19,319 |  |  | $ | (8,455) |  |  | $ | (6,960) |  |  | $ | (15,415) |  |  | $ | 19,800 |  |  | $ | 2,854 |  |  | $ | 22,654 |
(1) The income tax benefit or expense included in other comprehensive income is attributed to the portion of foreign currency translation associated with the Company’s cross-currency interest rate swaps, for which the tax effect is based on the applicable U.S. deferred income tax rate. See Note 20 to these consolidated financial statements for information regarding the Company’s cross currency interest rate swaps. The following table presents the change in accumulated other comprehensive income (loss), net of tax, by component for the years ended December 31, 2021 and 2020:
|  | Defined benefit and other postretirement plans |  | Net gain (loss) from hedging activities |  | Foreign currency translation |  | Total
December 31, 2019 |  | $ | 3,568 |  |  | $ | (1,838) |  |  | $ | (17,078) |  |  | $ | (15,348) |
Other comprehensive income (loss) before reclassifications |  | 1,850 |  |  | 125 |  |  | (16,596) |  |  | (14,621) |
Amounts reclassified from accumulated other comprehensive income(1) |  | 88 |  |  | 41 |  |  | — |  | 129 |
Disposal of business |  | (228) |  |  | 1,012 |  |  | 13,791 |  |  | 14,575 |
Net current period other comprehensive loss |  | 1,710 |  |  | 1,178 |  |  | (2,805) |  |  | 83 |
December 31, 2020 |  | 5,278 |  |  | (660) |  |  | (19,883) |  |  | (15,265) |
Other comprehensive income (loss) before reclassifications |  | 5,623 |  |  | 2,580 |  |  | 10,611 |  |  | 18,814 |
Amounts reclassified from accumulated other comprehensive income(1) |  | 171 |  |  | 334 |  |  | — |  | 505 |
Disposal of business |  | — |  |  | — |  |  | (9,846) |  |  | (9,846) |
Net current period other comprehensive income |  | 5,794 |  | 2,914 |  |  | 765 |  | 9,473
December 31, 2021 |  | $ | 11,072 |  |  | $ | 2,254 |  |  | $ | (19,118) |  |  | $ | (5,792) |
(1) See the following table for details about these reclassifications. Amounts in parentheses indicate debits. The following table presents the reclassifications out of accumulated other comprehensive income for the years ended December 31, 2021 and 2020.
Details about Accumulated Other Comprehensive Income Components |  | Amount Reclassified from Accumulated Other Comprehensive Income(1) |  | Affected Line Item in the Statements of Income
|  | Years ended December 31, |  |
|  | 2021 |  | 2020 |  |
Amortization of defined benefit and other postretirement plans: |  |  |  |  |  |
Prior service credit (cost) |  | $ | (232) |  |  | $ | 119 |  |  | Other income (expense)(2)
Actuarial gains (losses) |  | 5 |  |  | (232) |  |  | Other income (expense)(2)
|  | (227) |  |  | (113) |  |  | Total before tax
|  | 56 |  |  | 25 |  |  | Tax benefit
|  | $ | (171) |  |  | $ | (88) |  |  | Net of tax
Gains and losses on cash flow hedges: |  |  |  |  |  |
Interest rate caps |  | $ | (444) |  |  | $ | (54) |  |  | Interest expense
|  | 110 |  |  | 13 |  |  | Tax benefit
|  | $ | (334) |  |  | $ | (41) |  |  | Net of tax
Total reclassifications for the period |  | $ | (505) |  |  | $ | (129) |  |  | Net of tax
(1) Amounts in parentheses indicate debits to profit/loss. (2) These accumulated other comprehensive income (loss) components are components of net periodic pension and other postretirement cost (see Note 22 to these consolidated financial statements for additional details). Treasury Stock Repurchases Stock Repurchase Program The Company records repurchases of its common stock for treasury at cost. Upon the reissuance of the Company’s common stock from treasury, differences between the proceeds from reissuance and the average cost of the treasury stock are credited or charged to capital in excess of par value to the extent of prior credits related to the reissuance of treasury stock. If no such credits exist, the differences are charged to retained earnings. On March 12, 2020, the Company announced plans to purchase up to $50,000 of Ecovyst Inc. common stock under a stock repurchase program approved by the Company’s Board of Directors. The Company may repurchase shares from time to time for cash in open market transactions or in privately negotiated transactions in accordance with applicable federal securities laws. The Company will determine the timing and the amount of any repurchases based on its evaluation of market conditions, share price and other factors. The stock repurchase program is valid until March 2022. From the announcement of the program through March 31, 2020, the Company repurchased 211,700 shares on the open market at an average price of $9.73 for a total of $2,059. The Company has not made any additional repurchases under the program. As of December 31, 2021, $47,941 was available for additional share repurchases under the program. Tax Withholdings on Equity Award Vesting In connection with the vesting of restricted stock awards, restricted stock units and performance stock units, shares of common stock may be delivered to the Company by employees to satisfy withholding tax obligations at the instruction of the employee award holders. These transactions when they occur are accounted for as stock repurchases by the Company, with the shares returned to treasury stock at a cost representing the payment by the Company of the tax obligations on behalf of the employees in lieu of shares for the vesting unit. The fair value of the shares withheld to cover tax payments were $1,470 and $2,539 for the years ended December 31, 2021 and 2020, respectively. Dividends Paid On December 14, 2020, the Company’s Board of Directors declared a special cash dividend of $1.80 per share, using after tax cash proceeds and cash on hand from the sale of the Performance Materials business. The dividend was paid to our stockholders of record at the close of business on December 21, 2020. Refer to Note 4 of these consolidated financial statements for additional details. On August 4, 2021, the Company’s Board declared a special cash dividend of $3.20 per share, using after tax cash proceeds from the sale of the Performance Chemicals business. The dividend was paid on August 23, 2021 to the Company’s stockholders of record at the close of business on August 12, 2021. Refer to Note 5 of these consolidated financial statements for additional details.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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