Ecovyst, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2018 and 2017, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.



	December 31, 2018		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Derivative contracts	$	20,768	$	—	$	20,768	$	—
Restoration plan assets	4,244		4,244		—		—
Total	$	25,012	$	4,244	$	20,768	$	—

Liabilities:
Derivative contracts	$	2,026	$	—	$	2,026	$	—



	December 31, 2017		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Derivative contracts	$	1,043	$	—	$	1,043	$	—
Restoration plan assets	5,576		5,576		—		—
Total	$	6,619	$	5,576	$	1,043	$	—

Liabilities:
Derivative contracts	$	448	$	—	$	448	$	—

Fair Value Measurements, Nonrecurring

The following table presents information about the Company’s assets and liabilities that were measured at fair value on a non-recurring basis as of December 31, 2016. The Company performed its annual impairment test on its indefinite-lived intangible assets on October 1, 2018 and 2017, respectively, and determined that no impairment existed. Refer to Note 14 to these consolidated financial statements for a description of the valuation techniques the Company utilized to determine such fair value and for the results of the impairment testing procedures performed during the October 1, 2016 testing period.



	As of December 31, 2016		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses
Assets:
Indefinite-lived trade names⁽¹⁾	$	153,922	$	—	$	—	$	153,922	$	(6,873	)


⁽¹⁾	Indefinite-lived trade names with a carrying amount of $160,795 were written down to their implied fair value of $153,922 as part of the Company’s annual impairment assessment on October 1, 2016. This resulted in an impairment charge of $6,873, which was recorded to other operating expense, net, on the consolidated statements of operations.