Current report filing

Performance Chemicals Divestiture - Income Information (Details)

v3.21.2
Performance Chemicals Divestiture - Income Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Discontinued Operations [Line Items]                      
Goodwill impairment charge $ 260,000                    
Equity in net income from affiliated companies                 $ 21,065 $ 45,808 $ 37,318
Net (loss) income from discontinued operations, net of tax (352,239) $ 30,470 $ (18,071) $ 3,856 $ 9,401 $ 12,546 $ 23,393 $ 3,850 (335,984) 49,190 54,368
Net income attributable to the noncontrolling interest - discontinued operations (3,837) 298 321 285 230 106 145 290 (2,933) 771 1,321
Net loss attributable to Ecovyst Inc. $ (302,434) $ 7,514 $ 15,925 $ 224 $ 19,103 $ 26,704 $ 30,578 $ 3,154 (278,771) 79,539 58,300
Performance Chemicals [Member]                      
Discontinued Operations [Line Items]                      
Sales                 614,704 670,563 704,503
Cost of goods sold                 492,302 539,371 559,123
Selling, general and administrative expenses                 43,749 46,007 46,421
Goodwill impairment charge                 260,000    
Operating income (loss)                 (214,491) 81,541 85,756
Other operating (income) expense, net                 33,144 3,644 13,203
Equity in net income from affiliated companies                 (172) (213) (251)
Interest expense, net [1]                 16,570 20,199 18,414
Other expense (income), net                 (1,089) (455) (3,198)
(Loss) income from discontinued operations before income tax                 (229,800) 62,010 70,791
Provision (benefit) for income taxes                 3,943 27,379 25,664
Net (loss) income from discontinued operations, net of tax                 (233,743) 34,631 45,127
Repayments of long-term debt                 500,000    
Net income attributable to the noncontrolling interest - discontinued operations                 (3,198) 616 1,108
Net loss attributable to Ecovyst Inc.                 $ (230,545) $ 34,015 $ 44,019
[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, which represented the entire Senior Secured Term Loan Facility due February 2027 of $231,363 and the 5.750% Senior Unsecured notes due 2025 of $295,000. At December 31, 2020, the Company’s outstanding term loans had mandatory repayment provisions, and as a result, interest expense was allocated to discontinued operations for all periods presented on the basis of the Company’s estimated debt reduction of $500,000.