Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

v3.21.2
Investments in Affiliated Companies (Tables)
 9 Months Ended
Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The Company accounts for investments in affiliated companies under the equity method. Affiliated companies accounted for on the equity basis as of September 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
September 30,		 Nine months ended
September 30,
2021 2020 2021 2020
Sales $ 76,195  $ 57,379  $ 218,459  $ 215,039 
Gross profit 28,981  11,506  77,048  76,602 
Operating income 20,414  3,183  51,576  48,603 
Net income 20,717  3,584  51,204  49,745 
(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.