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Business Combinations (Tables)
6 Months Ended
Jun. 30, 2020
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
Cash transferred to Houghton shareholders (a)
$
170,829
Cash paid to extinguish Houghton debt obligations
702,556
Fair value of common stock issued as consideration (b)
789,080
Total fair value
 
of consideration transferred
$
1,662,465
a)
 
A portion is held in escrow by a third party,
 
subject to indemnification rights that lapse upon the achievement
 
of certain
milestones.
(b)
 
Amount was determined based on approximately
4.3
 
million shares, comprising
24.5
% of the common stock of the Company
immediately after the closing, and the closing price per
 
share of Quaker Chemical Corporation common stock
 
of $
182.27
 
on
August 1, 2019.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Measurement
August 1,
Period
August 1, 2019
2019 (1)
Adjustments
(as adjusted)
Cash and cash equivalents
$
75,821
$
—
$
75,821
Accounts receivable, net
178,922
—
178,922
Inventories, net
95,193
—
95,193
Prepaid expenses and other assets
10,652
314
10,966
Property, plant and
 
equipment
115,529
(66)
115,463
Right of use lease assets
10,673
—
10,673
Investments in associated companies
66,447
—
66,447
Other non-current assets
4,710
1,553
6,263
Intangible assets
1,028,400
—
1,028,400
Goodwill
494,915
7,737
502,652
Total assets purchased
2,081,262
9,538
2,090,800
Short-term borrowings, not refinanced at closing
9,297
—
9,297
Accounts payable, accrued expenses and other accrued
 
liabilities
150,078
853
150,931
Deferred tax liabilities
205,082
7,132
212,214
Long-term lease liabilities
6,607
—
6,607
Other non-current liabilities
47,733
1,553
49,286
Total liabilities assumed
418,797
9,538
428,335
Total consideration
 
paid for Houghton
1,662,465
—
1,662,465
Less: cash acquired
75,821
—
75,821
Less: fair value of common stock issued as consideration
789,080
—
789,080
Net cash paid for Houghton
$
797,564
$
-
$
797,564
(1) As
 
previously disclosed in the Company’s
 
2019 Form 10-K.
Measurement
October 1,
Period
October 1, 2019
2019 (1)
Adjustments
(as adjusted)
Cash and cash equivalents
$
18,981
$
—
$
18,981
Accounts receivable, net
15,471
—
15,471
Inventories, net
8,213
(49)
8,164
Prepaid expenses and other assets
4,203
—
4,203
Property, plant and
 
equipment
14,981
—
14,981
Right of use lease assets
10,608
—
10,608
Intangible assets
51,088
—
51,088
Goodwill
29,384
102
29,486
Total assets purchased
152,929
53
152,982
Long-term debt included current portions
485
—
485
Accounts payable, accrued expenses and other accrued liabilities
13,488
(708)
12,780
Deferred tax liabilities
12,746
927
13,673
Long-term lease liabilities
8,594
—
8,594
Total liabilities assumed
35,313
219
35,532
Total consideration
 
paid for Norman Hay
117,616
(166)
117,450
Less: estimated purchase price settlement (2)
3,287
(3,287)
—
Less: cash acquired
18,981
—
18,981
Net cash paid for Norman Hay
$
95,348
$
3,121
$
98,469
As previously disclosed in the Company’s
 
2019 Form 10-K.
(2)
 
The Company finalized its post-closing adjustments for the
 
Norman Hay acquisition and paid approximately
2.5
 
million GBP
during the first quarter of 2020 to settle such adjustments.