XML 36 R17.htm IDEA: XBRL DOCUMENT v3.22.0.1
Other Income (Expense), Net
 12 Months Ended
Dec. 31, 2021
Other Income and Expenses [Abstract]  
Other Income and Other Expense Disclosure [Text Block] OTHER EXPENSE (INCOME), NET
The table below sets forth the Other (income) expense, net for the years ended December 31, 2021, 2020 and 2019:
(In thousands)202120202019
Versum termination fee, net$— $— $(122,000)
Loss (gain) on foreign currency remeasurement7,857 (9,751)(237)
Loss on extinguishment of debt and modification23,338 2,378 — 
Other, net500 717 1,156 
Other expense (income), net$31,695 $(6,656)$(121,081)

Versum termination fee, net
On January 28, 2019, the Company and Versum announced that they had entered into an Agreement and Plan of Merger, dated as of January 27, 2019 (the “Versum Merger Agreement”), pursuant to which they agreed to combine in a merger of equals. On April 8, 2019, Versum announced that its board of directors had received a proposal from Merck KGaA to acquire Versum and that its board of directors had deemed such proposal as a “Superior Proposal” as defined in the Versum Merger Agreement. On April 12, 2019, the Company received a termination notice from Versum terminating the Versum Merger Agreement. In accordance with the terms of the Merger Agreement, Entegris received a $140.0 million termination fee from Versum in the second quarter of 2019. Also in the second quarter of 2019, the Company paid a fee of $18.0 million to the third-party financial adviser it had engaged to assist with the transaction.