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Investments in Affiliated Companies (Tables)

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Ownership Percentage and Summarized Income Statement

Affiliated companies accounted for on the equity basis as of September 30, 2023 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 September 30,												Nine months ended September 30,
						2023						2022						2023						2022
Sales						$	81,115					$	67,043					$	236,200					$	218,389
Gross profit						22,205						17,794						66,776						70,546
Operating income						12,414						10,228						39,916						44,340
Net income						12,617						9,540						42,189						44,448

(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.

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- References

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

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