Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliated Companies (Tables)

v3.22.2.2
Investments in Affiliated Companies (Tables)
 9 Months Ended
Sep. 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 September 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
September 30,		 Nine months ended
September 30,
2022 2021 2022 2021
Sales $ 67,043  $ 76,195  $ 218,389  $ 218,459 
Gross profit 17,794  28,981  70,546  77,048 
Operating income 10,228  20,414  44,340  51,576 
Net income 9,540  20,717  44,448  51,204 
(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.