XML 36 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
ACQUISITION OF PERFORMANCE CHEMICALS & INGREDIENTS COMPANY (Details) (USD $)
0 Months Ended 3 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2014
Dec. 31, 2013
May 07, 2014
Performance Chemicals and Ingredients Company [Member]
Sep. 30, 2014
Performance Chemicals and Ingredients Company [Member]
Sep. 30, 2013
Performance Chemicals and Ingredients Company [Member]
Sep. 30, 2014
Performance Chemicals and Ingredients Company [Member]
Sep. 30, 2014
Performance Chemicals and Ingredients Company [Member]
Sep. 30, 2013
Performance Chemicals and Ingredients Company [Member]
Sep. 30, 2014
Performance Chemicals and Ingredients Company [Member]
Customer Relationships [Member]
Sep. 30, 2014
Performance Chemicals and Ingredients Company [Member]
Trade Names [Member]
Sep. 30, 2014
Performance Chemicals and Ingredients Company [Member]
Developed Technology [Member]
Business Acquisition [Line Items]                      
Percentage owned of the "Acquisition" (in hundredth)     100.00%                
Purchase price     $ 569,000,000                
Tax deductible for income tax purposes     20,466,000                
Estimated fair values of the assets acquired and liabilities assumed [Abstract]                      
Cash and cash equivalents     2,635,000                
Accounts receivable, net     25,674,000                
Inventories     32,000,000                
Property, plant and equipment, net     75,850,000                
Customer relationships     130,300,000                
Trade names     31,100,000                
Developed technology     3,200,000                
Other assets     3,955,000                
Indemnification asset 1,650,000   1,650,000                
Trade accounts payable     (10,427,000)                
Accrued expenses     (6,326,000)                
Deferred income taxes     (77,500,000)                
Goodwill 385,646,000 28,515,000 357,131,000                
Total purchase price     569,242,000                
Useful life of intangible assets acquired                 10 years 10 years 5 years
Increase in indemnification asset balance       129,000   129,000          
Transaction and integration related costs             3,110,000        
Unaudited pro forma information [Abstract]                      
Sensory Effects actual results included in the Company's consolidated income statement from May 7, 2014 through September 30, 2014, Net sales       58,884,000     95,278,000        
Sensory Effects actual results included in the Company's consolidated income statement from May 7, 2014 through September 30, 2014, Net earnings       3,467,000     3,009,000        
Supplemental pro forma combined financial information, Net Sales       160,490,000 138,478,000   462,732,000 402,642,000      
Supplemental pro forma combined financial information, Net Earnings       15,502,000 11,332,000   41,985,000 32,558,000      
Basic earnings per share (in dollars per share)       $ 0.51 $ 0.38   $ 1.39 $ 1.10      
Diluted earnings per share (in dollars per share)       $ 0.50 $ 0.37   $ 1.35 $ 1.06      
Acquisition-related costs       494,000     16,706,000        
Non-recurring expenses related to the fair value adjustments to acquisition-date inventory             $ 4,735