Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

v3.22.2
Investments in Affiliated Companies (Tables)
 6 Months Ended
Jun. 30, 2022
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 June 30, 2022 are as follows:
Company Country Percent
Ownership
Zeolyst International USA 50%
Zeolyst C.V. Netherlands 50%
Following is summarized information of the combined investments(1):
Three months ended
June 30,		 Six months ended
June 30,
2022 2021 2022 2021
Sales $ 84,663  $ 76,060  $ 151,346  $ 142,265 
Gross profit 29,168  26,121  52,752  48,067 
Operating income 19,476  16,987  34,112  31,161 
Net income 20,210  16,751  34,908  30,487 
(1)Summarized information of the combined investments is presented at 100%; the Company’s share of the net assets and net income of affiliates is calculated based on the percent ownership specified in the table above.