Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

v3.8.0.1
Investments in Affiliated Companies (Tables)
9 Months Ended
Sep. 30, 2017
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, 2017 are as follows:
Company 
 
Country 
 
Percent
Ownership
 
PQ Silicates Ltd.
 
Taiwan
 
50%
Zeolyst International
 
USA
 
50%
Zeolyst C.V.
 
Netherlands
 
50%
Quaker Holdings
 
South Africa
 
49%
Following is summarized information of the combined investments:
 
 
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
 
2017
 
2016
 
2017
 
2016
Net sales
 
$
83,983

 
$
63,110

 
$
225,770

 
$
107,897

Gross profit
 
33,276

 
24,283

 
91,862

 
46,589

Operating income
 
22,713

 
15,054

 
60,408

 
30,708

Net income
 
23,819

 
15,351

 
63,663

 
30,994