v3.25.1
Cover - shares
 3 Months Ended
Mar. 31, 2025
Apr. 17, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
Document Transition Report false  
Entity File Number 1-13648  
Entity Registrant Name Balchem Corp  
Entity Incorporation, State or Country Code MD  
Entity Tax Identification Number 13-2578432  
Entity Address, Address Line One 5 Paragon Drive  
Entity Address, City or Town Montvale  
Entity Address, State or Province NJ  
Entity Address, Postal Zip Code 07645  
City Area Code 845  
Local Phone Number 326-5600  
Title of 12(b) Security Common Stock, par value $.06-2/3 per share  
Trading Symbol BCPC  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   32,617,301
Entity Central Index Key 0000009326  
Current Fiscal Year End Date --12-31  
Amendment Flag false  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 49,901 $ 49,515
Accounts receivable, net of allowances of $838 and $909 at March 31, 2025 and December 31, 2024, respectively 130,447 119,662
Inventories, net 144,926 130,802
Prepaid expenses 8,132 8,054
Other current assets 6,833 5,737
Total current assets 340,239 313,770
Property, plant and equipment, net 283,753 282,154
Goodwill 793,087 780,030
Intangible assets with finite lives, net 165,965 165,050
Right of use assets - operating leases 15,598 15,320
Right of use assets - finance lease 1,678 1,730
Other non-current assets 17,235 17,317
Total assets 1,617,555 1,575,371
Current liabilities:    
Trade accounts payable 65,975 54,745
Accrued expenses 44,172 43,750
Accrued compensation and other benefits 11,631 22,886
Dividends payable 126 28,510
Income taxes payable 13,728 4,466
Operating lease liabilities - current 3,726 3,134
Finance lease liabilities - current 197 194
Total current liabilities 139,555 157,685
Revolving loan 190,000 190,000
Deferred income taxes 45,217 43,722
Operating lease liabilities - non-current 12,445 12,967
Finance lease liabilities - non-current 1,698 1,749
Other long-term obligations 19,939 19,335
Total liabilities 408,854 425,458
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $25 par value. Authorized 2,000,000 shares; none issued and outstanding 0 0
Common stock, $0.0667 par value. Authorized 120,000,000 shares; 32,611,544 and 32,527,244 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 2,175 2,170
Additional paid-in capital 174,243 173,997
Retained earnings 1,034,546 997,493
Accumulated other comprehensive income (2,263) (23,747)
Total stockholders' equity 1,208,701 1,149,913
Total liabilities and stockholders' equity $ 1,617,555 $ 1,575,371
v3.25.1
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Accounts receivable, allowance for doubtful accounts $ 838 $ 909
Stockholders' equity:    
Preferred stock, par value (in dollars per share) $ 25 $ 25
Preferred stock, shares authorized (in shares) 2,000,000 2,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.0667 $ 0.0667
Common stock, shares authorized (in shares) 120,000,000 120,000,000
Common stock, shares issued (in shares) 32,611,544 32,527,244
Common stock, shares outstanding (in shares) 32,611,544 32,527,244
v3.25.1
Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net sales $ 250,519 $ 239,659
Cost of sales 162,351 158,145
Gross margin 88,168 81,514
Operating expenses:    
Selling expenses 16,926 18,227
Research and development expenses 4,662 4,100
General and administrative expenses 15,565 17,511
Total operating expenses 37,153 39,838
Earnings from operations 51,015 41,676
Other expenses, net:    
Interest expense, net 2,924 5,398
Other expense (income), net 151 (572)
Total other (income) expenses 3,075 4,826
Earnings before income tax expense 47,940 36,850
Income tax expense 10,887 7,864
Net earnings $ 37,053 $ 28,986
Net earnings per common share - basic (in dollars per share) $ 1.14 $ 0.90
Net earnings per common share - diluted (in dollars per share) $ 1.13 $ 0.89
v3.25.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net earnings $ 37,053 $ 28,986
Other comprehensive income (loss), net of tax:    
Foreign currency translation adjustment 21,722 (12,717)
Change in postretirement benefit plans (238) 154
Other comprehensive income (loss) 21,484 (12,563)
Comprehensive income $ 58,537 $ 16,423
v3.25.1
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Common Stock
Additional Paid-in Capital
Beginning balance at Dec. 31, 2023 $ 1,053,984 $ 897,488 $ 8,691 $ 2,152 $ 145,653
Beginning balance (in shares) at Dec. 31, 2023       32,254,728  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net earnings 28,986 28,986      
Other comprehensive gain (loss) (12,563)   (12,563)    
Repurchases of common stock (5,254)     $ (2) (5,252)
Repurchases of common stock (in shares)       (36,122)  
Shares and options issued under stock plans 13,638     $ 13 13,625
Shares and options issued under stock plans (in shares)       204,794  
Ending balance at Mar. 31, 2024 1,078,791 926,474 (3,872) $ 2,163 154,026
Ending balance (in shares) at Mar. 31, 2024       32,423,400  
Beginning balance at Dec. 31, 2024 $ 1,149,913 997,493 (23,747) $ 2,170 173,997
Beginning balance (in shares) at Dec. 31, 2024 32,527,244     32,527,244  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net earnings $ 37,053 37,053      
Other comprehensive gain (loss) 21,484   21,484    
Repurchases of common stock (5,325)     $ (2) (5,323)
Repurchases of common stock (in shares)       (32,869)  
Shares and options issued under stock plans 5,576     $ 7 5,569
Shares and options issued under stock plans (in shares)       117,169  
Ending balance at Mar. 31, 2025 $ 1,208,701 $ 1,034,546 $ (2,263) $ 2,175 $ 174,243
Ending balance (in shares) at Mar. 31, 2025 32,611,544     32,611,544  
v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net earnings $ 37,053 $ 28,986
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 11,014 13,668
Stock compensation expense 3,810 4,750
Deferred income taxes (115) (302)
Provision for doubtful accounts (79) 223
Unrealized loss (gain) on foreign currency transactions and deferred compensation 24 (726)
Loss (gain) on disposal of assets 65 (144)
Changes in assets and liabilities    
Accounts receivable (10,069) (15,010)
Inventories (12,897) (1,458)
Prepaid expenses and other current assets (859) 564
Accounts payable and accrued expenses (737) (4,584)
Income taxes 9,123 6,929
Other 124 492
Net cash provided by operating activities 36,457 33,388
Cash flows from investing activities:    
Capital expenditures and intangible assets acquired (5,559) (6,910)
Cash paid for acquisitions, net of cash acquired (323) 0
Proceeds from sale of assets 0 213
Investment in affiliates (30) (42)
Net cash used in investing activities (5,912) (6,739)
Cash flows from financing activities:    
Proceeds from revolving loan 29,000 26,000
Principal payments on revolving loan (29,000) (34,000)
Principal payments on finance leases (49) (57)
Proceeds from stock options exercised 1,668 8,791
Dividends paid (28,263) (25,555)
Repurchases of common stock (5,325) (5,202)
Net cash used in financing activities (31,969) (30,023)
Effect of exchange rate changes on cash 1,810 (724)
Increase (decrease) in cash and cash equivalents 386 (4,098)
Cash and cash equivalents beginning of period 49,515 64,447
Cash and cash equivalents end of period $ 49,901 $ 60,349
v3.25.1
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The condensed consolidated financial statements presented herein have been prepared in accordance with the accounting policies described in the December 31, 2024 consolidated financial statements, and should be read in conjunction with the consolidated financial statements and notes, which appear in the Annual Report on Form 10-K for the year ended December 31, 2024. The condensed consolidated financial statements reflect the operations of Balchem Corporation and its subsidiaries (the "Company" or "Balchem"). All intercompany balances and transactions have been eliminated in consolidation.
In the opinion of management, the unaudited condensed consolidated financial statements furnished in this Form 10-Q include all adjustments necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. All such adjustments are of a normal, recurring nature. The condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP” or “GAAP”) governing interim financial statements and the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934 (the "Exchange Act") and therefore do not include some information and notes necessary to conform to annual reporting requirements. The results of operations for the three months ended March 31, 2025 are not necessarily indicative of the operating results expected for the full year or any interim period.

Recent Accounting Pronouncements

Recently Issued Accounting Standards
In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2024-03, "Income Statement - Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40)." The new guidance is intended to enhance transparency and disclosures by requiring public entities to provide disaggregated disclosures of certain categories of expenses on an annual and interim basis. The ASU is effective for fiscal years beginning after December 15, 2026 and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact that the adoption of ASU 2024-03 will have on the consolidated financial statements and related disclosures.
In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740) - Improvements to Income Tax Disclosures." The new guidance is intended to enhance the transparency and decision usefulness of income tax disclosures by requiring disaggregated information about a reporting entity's effective tax rate reconciliation and information on income taxes paid. The amendment is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendment in this update should be applied on a prospective basis, with retrospective application permitted. The Company is in the process of evaluating the impact that the adoption of ASU 2023-09 will have on the consolidated financial statements and related disclosures.

Recently Adopted Accounting Standards
In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures." The ASU expands reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of a segment's profit or loss. The ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment's profit or loss in assessing segment performance and deciding how to allocate resources. Additionally, ASU 2023-07 requires all segment profit or loss and assets disclosures to be provided on an annual and interim basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning December 15, 2024. The Company adopted this accounting guidance on December 31, 2024, and applied it retrospectively to all prior periods presented in our consolidated financial statements. Refer to Note 10, Segment Information for the expanded disclosures.
v3.25.1
STOCKHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
Stock-Based Compensation
The Company’s results for the three months ended March 31, 2025 and 2024 reflected the following stock-based compensation cost, and such compensation cost had the following effects on net earnings:
Increase/(Decrease) for the
Three Months Ended March 31,
20252024
Cost of sales$438 $400 
Operating expenses3,372 4,350 
Net earnings(2,928)(3,652)

As allowed by Accounting Standards Codification ("ASC") 718, the Company has made an estimate of expected forfeitures based on its historical experience and is recognizing compensation cost only for those stock-based compensation awards expected to vest.
The Company's omnibus incentive plan ("the Plan") allows for the granting of stock awards and options to purchase common stock. Both incentive stock options and nonqualified stock options can be awarded under the plan. No option will be exercisable for longer than ten years after the date of grant. The Company has approved and reserved a number of shares to be issued upon exercise of the outstanding options that is adequate to cover all exercises. As of March 31, 2025, the Plan had 685,590 shares available for future awards. Compensation expense for stock options and stock awards is recognized on a straight-line basis over the vesting period, generally three to five years for stock options, three years for employee restricted stock awards, three years for employee performance share awards, and one to three years for non-employee director restricted stock awards. Certain awards provide for accelerated vesting if there is a change in control (as defined in the plans) or other qualifying events.

Option activity for the three months ended March 31, 2025 and 2024 is summarized below:
For the Three Months Ended March 31, 2025Shares (000s)Weighted
Average
Exercise
Price		Aggregate
Intrinsic
Value		Weighted
Average
Remaining
Contractual
Term
Outstanding as of December 31, 2024962 $114.81 $46,346 
Granted51 159.18 
Exercised(18)90.50 
Forfeited— — 
Canceled— — 
Outstanding as of March 31, 2025995 $117.53 $48,212 5.6
Exercisable as of March 31, 2025688 $105.78 $41,408 4.4
For the Three Months Ended March 31, 2024Shares (000s)Weighted
Average
Exercise
Price		Aggregate
Intrinsic
Value		Weighted
Average
Remaining
Contractual
Term
Outstanding as of December 31, 20231,078 $104.38 $47,889 
Granted113 143.43 
Exercised(125)70.40 
Forfeited(1)134.45 
Canceled— — 
Outstanding as of March 31, 20241,065 $112.48 $45,223 6.3
Exercisable as of March 31, 2024699 $97.89 $39,881 4.9

ASC 718 requires companies to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The weighted average fair values of the stock options granted under the Plan were calculated using either the Black-Scholes model or the Binomial model, whichever was deemed to be most appropriate. The fair value of each option grant was estimated on the date of the grant using the following weighted average assumptions for the three months ended March 31, 2025 and 2024, respectively: dividend yields of 0.6% and 0.6%; expected volatilities of 26% and 28%; risk-free interest rates of 4.5% and 4.1% and expected lives of 5.2 years and 5.0 years.
The Company used a projected expected life for each award granted based on historical experience of employees’ exercise behavior. Expected volatilities are based on the Company’s historical volatility levels. Dividend yields are based on the Company’s historical dividend yields. Risk-free interest rates are based on the implied yields currently available on U.S. Treasury zero-coupon issues with a remaining term equal to the expected life.

Other information pertaining to option activity during the three months ended March 31, 2025 and 2024 is as follows:

 Three Months Ended
March 31,
 20252024
Weighted-average fair value of options granted$48.86 $44.52 
Total intrinsic value of stock options exercised ($000s)$1,388 $10,377 
Non-vested restricted stock activity for the three months ended March 31, 2025 and 2024 is summarized below:
Three Months Ended March 31,
20252024
Shares (000s)Weighted
Average Grant
Date Fair
Value		Shares (000s)Weighted
Average Grant
Date Fair
Value
Non-vested balance as of December 31122 $141.62 116 $133.06 
Granted54 159.11 35 143.43 
Vested(28)138.21 (32)119.11 
Forfeited(1)140.76 (1)129.93 
Non-vested balance as of March 31147 $148.68 118 $139.95 

Non-vested performance share activity for the three months ended March 31, 2025 and 2024 is summarized below:

Three Months Ended March 31,
20252024
Shares (000s)Weighted
Average Grant
Date Fair
Value		Shares (000s)Weighted
Average Grant
Date Fair
Value
Non-vested balance as of December 3179 $150.73 76 $135.25 
Granted50 147.96 47 152.28
Vested(44)109.95 (44)106.57
Forfeited(4)150.11 — —
Non-vested balance as of March 3181 $160.14 79 $150.73 

The Company's performance share (“PS”) awards provide the recipients the right to receive a certain number of shares of the Company’s common stock in the future, subject to an EBITDA performance hurdle, where vesting is dependent upon the Company achieving a certain EBITDA percentage growth over the performance period, or relative total shareholder return ("TSR") where vesting is dependent upon the Company’s TSR performance over the performance period relative to a comparator group consisting of the Russell 2000 index constituents. For grants made in 2025, the performance metrics are comprised of an EBITDA performance hurdle, where vesting is dependent upon the Company achieving a certain EBITDA percentage growth over the performance period and modified based on the Company's TSR performance over the performance period relative to a comparator group consisting of the Russell 2000 index constituents. Expense is measured based on the fair value of the grant at the date of grant. A Monte-Carlo simulation has been used to estimate the fair value. The assumptions used in the fair value determination were risk free interest rates of 4.3% and 4.2%; dividend yields of 0.0% and 0.0%; volatilities of 26% and 25%; and initial TSR's of -8.8% and 10.3%, in each case for the three months ended March 31, 2025 and 2024, respectively. Expense is estimated based on the number of shares expected to vest, assuming the requisite service period is rendered and the probable
outcome of the performance condition is achieved. The estimate is revised if subsequent information indicates that the actual number of shares likely to vest differs from previous estimates. Expense is ultimately adjusted based on the actual achievement of service and performance targets. The PS will cliff vest 100% at the end of the third year following the grant in accordance with the performance metrics set forth. Grants may be subject to a mandatory holding period of one year from the vesting date. For PS awards granted in 2024 and 2025, grants are subject to such holding period.

As of March 31, 2025 and 2024, there were $31,427 and $30,380, respectively, of total unrecognized compensation costs related to non-vested share-based compensation arrangements granted under the plans. As of March 31, 2025, the unrecognized compensation cost is expected to be recognized over a weighted-average period of approximately 1.8 years. The Company estimates that share-based compensation expense for the year ended December 31, 2025 will be approximately $16,860.
Repurchase of Common Stock
The Company's Board of Directors has approved a stock repurchase program. The total authorization under this program is 3,763,038 shares. Since the inception of the program in June 1999, a total of 3,174,897 shares have been repurchased. The Company intends to acquire shares from time to time at prevailing market prices if and to the extent it deems it is advisable to do so based on its assessment of corporate cash flow, market conditions and other factors. Open market repurchases of common stock could be made pursuant to a trading plan established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, which would permit common stock to be repurchased at a time that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The Company also repurchases (withholds) shares from employees in connection with the tax settlement of vested shares and/or exercised stock options, as applicable, under the Company's omnibus incentive plan. Such repurchases of shares from employees are funded with existing cash on hand. During the three months ended March 31, 2025 and 2024, the Company purchased 32,869 and 36,122 shares, respectively, from employees in connection with the tax settlement of vested shares and/or exercised stock options, as applicable, under the Company's omnibus incentive plan at an average cost of $161.99 and $144.02, respectively.
v3.25.1
INVENTORIES
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories, net of reserves at March 31, 2025 and December 31, 2024 consisted of the following:

March 31, 2025December 31, 2024
Raw materials$44,671 $45,319 
Work in progress10,538 4,510 
Finished goods89,717 80,973 
Total inventories$144,926 $130,802 
v3.25.1
PROPERTY, PLANT AND EQUIPMENT
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at March 31, 2025 and December 31, 2024 are summarized as follows:
 March 31, 2025December 31, 2024
Land$11,927 $11,690 
Building110,903 106,954 
Equipment323,519 315,001 
Construction in progress74,137 77,508 
 520,486 511,153 
Less: accumulated depreciation236,733 228,999 
Property, plant and equipment, net$283,753 $282,154 

In accordance with Topic 360, the Company reviews long-lived assets for impairment whenever events indicate that the carrying amount of the assets may not be fully recoverable. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset, which is generally based on discounted cash flows. There were no impairment charges recorded for the three months ended March 31, 2025 and 2024.
v3.25.1
INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The Company had goodwill in the amount of $793,087 and $780,030 as of March 31, 2025 and December 31, 2024, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.” The increase in goodwill is primarily due to foreign currency translation adjustments.
Identifiable intangible assets with finite lives at March 31, 2025 and December 31, 2024 are summarized as follows:

 Amortization
Period
(in years)		Gross Carrying Amount at March 31, 2025Accumulated Amortization at March 31, 2025Gross Carrying Amount at December 31, 2024Accumulated Amortization at December 31, 2024
Customer relationships & lists
10-20
$359,414 $225,696 $354,051 $221,567 
Trademarks & trade names
2-17
51,631 42,274 50,971 41,417 
Developed technology
5-12
40,815 21,131 40,074 20,362 
Other
2-18
24,934 21,728 25,154 21,854 
 $476,794 $310,829 $470,250 $305,200 
Amortization of identifiable intangible assets was approximately $4,060 and $6,342 for the three months ended March 31, 2025 and 2024, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, estimated amortization expense is $12,192 for the remainder of 2025, $16,148 for 2026, $15,622 for 2027, $15,171 for 2028, $14,769 for 2029 and $14,390 for 2030. At March 31, 2025 and December 31, 2024, there were no identifiable intangible assets with indefinite useful lives as defined by ASC 350. Identifiable intangible assets are reflected in “Intangible assets with finite lives, net” on the Company’s condensed consolidated balance sheets. There were no changes to the useful lives of intangible assets subject to amortization during the three months ended March 31, 2025 and 2024.
v3.25.1
EQUITY METHOD INVESTMENT
 3 Months Ended
Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
EQUITY METHOD INVESTMENT EQUITY METHOD INVESTMENT
In 2013, the Company and Eastman Chemical Company formed a joint venture (66.66% / 33.34% ownership), St. Gabriel CC Company, LLC, to design, develop, and construct an expansion of the Company’s St. Gabriel aqueous choline chloride plant. The Company contributed the St. Gabriel plant, at cost, and all continued expansion and improvements are funded by the owners. The joint venture became operational as of July 1, 2016. St. Gabriel CC Company, LLC is a Variable Interest Entity (VIE) because the total equity at risk is not sufficient to permit the joint venture to finance its own activities without additional subordinated financial support. Additionally, voting rights (2 votes each) are not proportionate to the owners’ obligation to absorb expected losses or receive the expected residual returns of the joint venture. The Company receives the majority of the production offtake capacity, which may be adjusted from time to time to the extent the owners agree as such, and absorbs operating expenses approximately proportional to the actual percentage of offtake. The joint venture is accounted for under the equity method of accounting since the Company is not the primary beneficiary as the Company does not have the power to direct the activities of the joint venture that most significantly impact its economic performance. The Company recognized a loss of $122 and $121 for the three months ended March 31, 2025 and 2024, respectively, relating to its portion of the joint venture's expenses in other expense. The Company made capital contributions to the investment totaling $30 and $42 for the three months ended March 31, 2025 and 2024, respectively. The carrying value of the joint venture at March 31, 2025 and December 31, 2024 was $3,764 and $3,856, respectively, and is recorded in "Other non-current assets" on the condensed consolidated balance sheets.
v3.25.1
REVOLVING LOAN
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
REVOLVING LOAN REVOLVING LOAN
On July 27, 2022, the Company entered into an Amended and Restated Credit Agreement (the "2022 Credit Agreement") with certain lenders in the form of a senior secured revolving credit facility, due on July 27, 2027. The 2022 Credit Agreement allows for up to $550,000 of borrowing. The loans may be used for working capital, letters of credit, and other corporate purposes and may be drawn upon at the Company’s discretion. As of both March 31, 2025 and December 31, 2024, the total balance outstanding on the 2022 Credit Agreement amounted to $190,000. There are no installment payments required on the revolving loans; they may be voluntarily prepaid in whole or in part without premium or penalty, and all outstanding amounts are due on the maturity date.
Amounts outstanding under the 2022 Credit Agreement are subject to an interest rate equal to a fluctuating rate as defined by the 2022 Credit Agreement plus an applicable rate. The applicable rate is based upon the Company’s consolidated net leverage ratio, as defined in the 2022 Credit Agreement, and the interest rate was 5.43% at March 31, 2025. The Company is also required to pay a commitment fee on the unused portion of the revolving loan, which is based on the Company’s consolidated net leverage ratio as defined in the 2022 Credit Agreement and ranges from 0.150% to 0.225% (0.150% at March 31, 2025). The unused portion of the revolving loan amounted to $360,000 at March 31, 2025. The Company is also required to pay, as applicable, letter of credit fees, administrative agent fees, and other fees to the arrangers and lenders.
Costs associated with the issuance of the revolving loans are capitalized and amortized on a straight-line basis over the term of the 2022 Credit Agreement, which is not materially different than the effective interest method. Capitalized costs net of accumulated amortization were $671 and $743 at March 31, 2025 and December 31, 2024, respectively, and are included in "Other non-current assets" on the condensed consolidated balance sheets. Amortization expense pertaining to these costs totaled $71 for both the three months ended March 31, 2025 and 2024 and are included in "Interest expense, net" in the accompanying condensed consolidated statements of earnings.
The 2022 Credit Agreement contains quarterly covenants requiring the consolidated leverage ratio to be less than a certain maximum ratio and the consolidated interest coverage ratio to exceed a certain minimum ratio. At March 31, 2025, the Company was in compliance with these covenants. Indebtedness under the Company’s loan agreements is secured by assets of the Company.
v3.25.1
NET EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
NET EARNINGS PER SHARE NET EARNINGS PER SHARE
The following presents a reconciliation of the net earnings and shares used in calculating basic and diluted net earnings per share:

Three Months Ended
March 31,
20252024
Net Earnings - Basic and Diluted$37,053 $28,986 
Shares (000s)
Weighted Average Common Shares - Basic32,440 32,251 
Effect of Dilutive Securities – Stock Options, Restricted Stock, and Performance Shares367 376 
Weighted Average Common Shares - Diluted32,807 32,627 
Net Earnings Per Share - Basic$1.14 $0.90 
Net Earnings Per Share - Diluted$1.13 $0.89 
The number of anti-dilutive shares were 223,820 and 448,915 for the three months ended March 31, 2025 and 2024, respectively. Anti-dilutive shares could potentially dilute basic earnings per share in future periods and therefore, were not included in diluted earnings per share.
v3.25.1
INCOME TAXES
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company’s effective tax rate for the three months ended March 31, 2025 and 2024, was 22.7% and 21.3%, respectively. The higher effective tax rate for the three months ended March 31, 2025 was primarily due to lower tax benefits from stock-based compensation.
Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company regularly reviews its deferred tax assets for recoverability and would establish a valuation allowance if it believed that such assets may not be recovered, taking into consideration historical operating results, expectations of future earnings, changes in its operations and the expected timing of the reversals of existing temporary differences.
The Company accounts for uncertainty in income taxes utilizing ASC 740-10, "Income Taxes". ASC 740-10 clarifies whether or not to recognize assets or liabilities for tax positions taken that may be challenged by a tax authority. It prescribes a recognition threshold and measurement attribute for financial statement disclosure of tax positions taken or expected to be taken. This interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, and disclosures. The application of ASC 740-10 requires judgment related to the uncertainty in income taxes and could impact our effective tax rate.
The Company files income tax returns in the U.S. and in various states and foreign countries. As of March 31, 2025, in the major jurisdictions where the Company operates, it is generally no longer subject to income tax examinations by tax authorities for years before 2020. The Company had approximately $6,786 and $6,720 of unrecognized tax benefits, which are included in "Other long-term obligations" on the Company’s condensed consolidated balance sheets, as of March 31, 2025 and December 31, 2024, respectively. The Company includes interest expense or income as well as potential penalties on uncertain tax positions as a component of "Income tax expense" in the condensed consolidated statements of earnings. Total accrued interest and penalties related to uncertain tax positions at March 31, 2025 and December 31, 2024 were approximately $2,418 and $2,352, respectively, and are included in "Other long-term obligations" on the Company’s condensed consolidated balance sheets.
The European Union ("EU") member states formally adopted the EU's Pillar Two Directive on December 15, 2022, which was established by the Organization for Economic Co-operation and Development. Pillar Two generally provides for a 15 percent minimum effective tax rate for the jurisdictions where multinational enterprises operate. While the Company does not anticipate that this will have a material impact on its tax provision or effective tax rate, the Company continues to monitor evolving tax legislation in the jurisdictions in which it operates.
v3.25.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Balchem Corporation reports three reportable segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products. Sales and production of products outside of our reportable segments and other minor business activities are included in "Other and Unallocated".
The Company's Chief Operating Decision Maker ("CODM") is the Chief Executive Officer. The CODM receives a profit and loss reporting package which provides segment information including revenue, cost of goods sold, gross margin, total operating expenses, and earnings from operations. The CODM utilizes this monthly profit and loss reporting package to analyze segment performance and appropriately allocate resources.
Pursuant to ASU 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures", the significant segment information is summarized as follows:

For the Three Months Ended March 31, 2025
 HNHANHSPOther and UnallocatedTotal
Net sales$158,457 $57,277 $33,275 $1,510 $250,519 
Cost of sales99,383 (1)44,917 (1)15,986 (1)2,065 (1)162,351 
Gross margin59,074 12,360 17,289 (555)88,168 
Operating expenses21,100 (2)7,124 
(3)
7,704 (4)1,225 (5)37,153 
Earnings from operations37,974 5,236 9,585 (1,780)51,015 
Other expenses:
   Interest expense, net2,924 
   Other expense151 
3,075 
Earnings before income
   tax expense		47,940 
   Income tax expense10,887 
Net earnings$37,053 
(1) Cost of sales are primarily comprised of raw materials consumed in the manufacture of product, as well as manufacturing labor, depreciation expense, and other overhead expenses necessary to convert purchased materials and supplies into finished product. Cost of sales also includes inbound freight costs, outbound freight costs for shipping products to customers, warehousing costs, quality control and obsolescence expense.
(2) Operating expenses within HNH are primarily comprised of compensation-related costs, professional services, including advertising and marketing costs, and amortization expense in connection with certain acquired intangible assets.
(3) Operating expenses within ANH are primarily comprised of compensation-related costs and professional services, including advertising and marketing costs.
(4) Operating expenses within SP are primarily comprised of compensation-related costs, professional services, and amortization expense in connection with certain acquired intangible assets.
(5) Operating expenses within Other and Unallocated are primarily comprised of transaction and integration costs.


For the Three Months Ended March 31, 2024
 HNHANHSPOther and UnallocatedTotal
Net sales$152,744 $53,921 $31,613 $1,381 $239,659 
Cost of sales97,382 (6)44,235 (6)14,624 (6)1,904 (6)158,145 
Gross margin55,362 9,686 16,989 (523)81,514 
Operating expenses22,105 (7)7,626 
(8)
8,790 (9)1,317 (10)39,838 
Earnings from operations33,257 2,060 8,199 (1,840)41,676 
Other expenses:
   Interest expense, net5,398 
   Other income(572)
4,826 
Earnings before income
   tax expense		36,850 
   Income tax expense7,864 
Net earnings$28,986 
(6) Cost of sales are primarily comprised of raw materials consumed in the manufacture of product, as well as manufacturing labor, depreciation expense, and other overhead expenses necessary to convert purchased materials and supplies into finished product. Cost of sales also includes inbound freight costs, outbound freight costs for shipping products to customers, warehousing costs, quality control and obsolescence expense.
(7) Operating expenses within HNH are primarily comprised of compensation-related costs, professional services, including advertising and marketing costs, and amortization expense in connection with certain acquired intangible assets.
(8) Operating expenses within ANH are primarily comprised of compensation-related costs and professional services, including advertising and marketing costs.
(9) Operating expenses within SP are primarily comprised of compensation-related costs, professional services, and amortization expense in connection with certain acquired intangible assets.
(10) Operating expenses within Other and Unallocated are primarily comprised of transaction and integration costs.


Business Segment AssetsMarch 31,
2025		December 31,
2024
Human Nutrition and Health$1,213,407 $1,185,962 
Animal Nutrition and Health169,464 161,243 
Specialty Products166,745 161,283 
Other and Unallocated (11)
67,939 66,883 
Total$1,617,555 $1,575,371 

(11) Other and Unallocated assets consist of certain cash, capitalized loan issuance costs, other assets, investments, and income taxes, which the Company does not allocate to its individual business segments. It also includes assets associated with a few minor businesses which individually do not meet the quantitative thresholds for separate presentation.

Depreciation/Amortization		Three Months Ended March 31,
 20252024
Human Nutrition and Health$7,303 $9,540 
Animal Nutrition and Health1,761 2,102 
Specialty Products1,726 1,779 
Other and Unallocated224 247 
Total$11,014 $13,668 


Capital Expenditures		Three Months Ended March 31,
 20252024
Human Nutrition and Health$2,327 $4,260 
Animal Nutrition and Health2,344 2,021 
Specialty Products722 435 
Other and Unallocated28 70 
Total$5,421 $6,786 
v3.25.1
REVENUE
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Revenue Recognition
Revenues are recognized when control of the promised goods is transferred to customers, in an amount that reflects the consideration the Company expects to realize in exchange for those goods.
The following table presents revenues disaggregated by revenue source. Sales and usage-based taxes are excluded from revenues.

Three Months Ended
March 31,
20252024
Product Sales Revenue$250,061 $239,126 
Royalty Revenue458 533 
Total Revenue$250,519 $239,659 

The following table presents revenues disaggregated by geography, based on customers' delivery addresses:

Three Months Ended
March 31,
20252024
United States$185,722 $182,086 
Foreign Countries64,797 57,573 
Total Revenue$250,519 $239,659 


Product Sales Revenues
The Company’s primary operation is the manufacturing and sale of health and nutrition ingredient products, in which the Company receives an order from a customer and fulfills that order. The Company’s product sales are considered point-in-time revenue.
Royalty Revenues
Royalty revenue consists of agreements with customers to use the Company’s intellectual property in exchange for a sales-based royalty. Royalties are considered over time revenue and are recorded in the Human Nutrition and Health segment.

Contract Liabilities
The Company records contract liabilities when cash payments are received or due in advance of performance, including amounts which are refundable.
The Company’s payment terms vary by the type and location of customers and the products offered. The term between invoicing and when payment is due is not significant. For certain products or services and customer types, the Company requires payment before the products are delivered to the customer.
Practical Expedients and Exemptions
The Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling and marketing expenses.
The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for products shipped.
v3.25.1
SUPPLEMENTAL CASH FLOW INFORMATION
 3 Months Ended
Mar. 31, 2025
Supplemental Cash Flow Information [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the three months ended March 31, 2025 and 2024 for income taxes and interest is as follows:
Three Months Ended March 31,
20252024
Income taxes$1,443 $949 
Interest$3,010 $5,170 
v3.25.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The changes in accumulated other comprehensive income (loss) were as follows:

 Three Months Ended
March 31,
 20252024
Net foreign currency translation adjustment$21,722 $(12,717)
Net change in postretirement benefit plan (see Note 14 for
   further information)
Amortization of gain(2)(3)
Prior service (gain) loss arising during the period(319)206 
Total before tax(321)203 
Tax83 (49)
Net of tax(238)154 
Total other comprehensive income (loss)$21,484 $(12,563)
Accumulated other comprehensive income (loss) at March 31, 2025 and December 31, 2024 consisted of the following:

 Foreign currency
translation
adjustment		Postretirement
benefit plan		Total
Balance December 31, 2024$(24,182)$435 $(23,747)
Other comprehensive income (loss)21,722 (238)21,484 
Balance March 31, 2025$(2,460)$197 $(2,263)
v3.25.1
EMPLOYEE BENEFIT PLANS
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
Defined Contribution Plans
The Company sponsors one 401(k) savings plan for eligible employees, which allows participants to make pretax or after tax contributions and the Company matches certain percentages of those contributions. The plan also has a discretionary profit sharing portion and matches 401(k) contributions with shares of the Company’s Common Stock. All amounts contributed to the plan are deposited into a trust fund administered by independent trustees.
Postretirement Medical Plans
The Company provides postretirement benefits in the form of two unfunded postretirement medical plans; one that is under a collective bargaining agreement and covers eligible retired employees of the Verona facility and one for officers of the Company pursuant to the Balchem Corporation Officer Retiree Program.
Net periodic benefit costs for such retirement medical plans were as follows:

 Three Months Ended March 31,
 20252024
Service cost$29 $28 
Interest cost18 14 
Amortization of gain(3)(3)
Net periodic benefit cost$44 $39 

The amounts recorded for these obligations on the Company’s condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024 are $1,446 and $1,522, respectively, and are included in "Other long-term obligations" on the Company's condensed consolidated balance sheets. These plans are unfunded and approved claims are paid from Company funds. Historical cash payments made under such plans have typically been less than $200 per year.

Defined Benefit Pension Plans
On May 27, 2019, the Company acquired Chemogas Holding NV, a privately held specialty gases company headquartered in Grimbergen, Belgium ("Chemogas"), which has an unfunded defined benefit pension plan. The plan provides for the payment of a lump sum at retirement or payments in case of death of the covered employees. The amounts recorded for these obligations on the Company's condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024 were $690 and $613, respectively, and were included in "Other long-term obligations" on the Company's condensed consolidated balance sheets.
Net periodic benefit costs for such benefit pension plans were as follows:

Three Months Ended March 31,
 20252024
Service cost with interest to end of year$49 $18 
Interest cost19 14 
Expected return on plan assets(14)(10)
Amortization of loss1 — 
Total net periodic benefit cost$55 $22 

Deferred Compensation Plan
The Company provides an unfunded, nonqualified deferred compensation plan maintained for the benefit of a select group of management or highly compensated employees. Assets of the plan are held in a rabbi trust, and are subject to additional risk of loss in the event of bankruptcy or insolvency of the Company. The deferred compensation liability was $11,653 as of March 31, 2025, of which $11,633 was included in "Other long-term obligations" and $20 was included in "Accrued compensation and other benefits" on the Company's condensed consolidated balance sheets. The deferred compensation liability was $11,470 as of December 31, 2024, of which $11,449 was included in "Other long-term obligations" and $21 was included in "Accrued compensation and other benefits" on the Company’s consolidated balance sheets. The related assets of the irrevocable trust funds (also known as "rabbi trust funds") were $11,642 as of March 31, 2025, of which $11,622 was included in "Other non-current assets" and $20 was included in "Other current assets" on the Company's condensed consolidated balance sheet. The rabbi trust funds were $11,465 as of December 31, 2024 and were included in "Other non-current assets" on the Company's consolidated balance sheets.
v3.25.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
The Company is obligated to make rental payments under non-cancelable operating and finance leases. Aggregate future minimum rental payments required under these leases at March 31, 2025 are disclosed in Note 18, Leases.
The Company’s Verona, Missouri facility, while held by a prior owner, Syntex Agribusiness, Inc. (“Syntex”), was designated by the U.S. Environmental Protection Agency (the "EPA") as a Superfund site and placed on the National Priorities List in 1983 because of dioxin contamination on portions of the site. Remediation was conducted by Syntex under the oversight of the EPA and the Missouri Department of Natural Resources. The Company is indemnified by the sellers under its May 2001 asset purchase agreement covering its acquisition of the Verona, Missouri facility for potential liabilities associated with the Superfund site. One of the sellers, in turn, has the benefit of certain contractual indemnification by Syntex in relation to the implementation of the above-described Superfund remedy. In June 2023, in response to a Special Notice Letter received from the EPA in 2022, BCP Ingredients, Inc. ("BCP"), the Company's subsidiary that operates the site, Syntex, EPA, and the State of Missouri entered into an Administrative Settlement Agreement and Order on Consent (“ASAOC”) for a focused remedial investigation/feasibility study ("RI/FS") under which (a) BCP will conduct a source investigation of potential source(s) of releases of 1,4-dioxane and chlorobenzene at a portion of the site and (b) BCP and Syntex will complete a RI/FS to determine a potential remedy, if any is required. Activities under the ASAOC are underway and are expected to continue for some period of time.
Separately, in June 2022, the EPA conducted an inspection of BCP’s Verona, Missouri facility (“2022 EPA Inspection”) which was followed by BCP entering into an Administrative Order for Compliance on Consent (“AOC”) with the EPA in relation to its risk management program at the Verona facility. Further, in January 2023, BCP entered into an Amended AOC with the EPA whereby the parties agreed to the extension of certain timelines. BCP timely completed all requirements under the Amended AOC. In November 2023, BCP received a notice from the Environment and Natural Resources Division of the U.S Department of Justice (“DOJ”) primarily related to the 2022 EPA Inspection, which extended the opportunity to discuss alleged violations of Sections 112(r)(7) of the Clean Air Act and regulations in 40 C.F.R. Part 68, commonly known as the Risk Management Plan Rule (“RMP Rule”). BCP participated in such discussions during 2024, and in December 2024, BCP reached a settlement with the EPA and DOJ to resolve these alleged violations. Pursuant to the settlement, which was entered into on January 31, 2025, BCP agreed to: (a) pay a $300 civil penalty; (b) complete a new scrubber system project; and (c) spend $350 to implement projects benefiting the surrounding community, such as emergency equipment for the local fire department and two vehicles to be used as mobile health clinics. The amount associated with this settlement was consistent with the amount previously accrued as a loss contingency.
In addition to the above, from time to time, the Company is a party to various legal proceedings, litigation, claims and assessments. While it is not possible to predict the ultimate disposition of each of these matters, management believes that the ultimate outcome of such matters will not have a material effect on the Company's consolidated financial position, results of operations, liquidity or cash flows.
v3.25.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUE OF FINANCIAL INSTRUMENTS
The Company has a number of financial instruments, none of which are held for trading purposes. The Company estimates that the fair value of all financial instruments at March 31, 2025 and December 31, 2024 does not differ materially from the aggregate carrying values of its financial instruments recorded in the accompanying condensed consolidated balance sheets. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. Considerable judgment is necessarily required in interpreting market data to develop the estimates of fair value, and, accordingly, the estimates are not necessarily indicative of the amounts that the Company could realize in a current market exchange. The carrying value of debt approximates fair value as the interest rate is based on market and the Company’s consolidated leverage ratio. The Company’s financial instruments also include cash equivalents, accounts receivable, accounts payable, and accrued liabilities, which are carried at cost and approximate fair value due to the short-term maturity of these instruments. Cash and cash equivalents included $1,033 and $1,040, in money market funds as of March 31, 2025 and December 31, 2024, respectively, and $11,904 and $0 in certificates of deposit with maturities of three months or less at March 31, 2025 and December 31, 2024, respectively. The certificates of deposit are categorized in level two of the fair value hierarchy as defined by ASC 820, "Fair Value Measurement". Due to the short-term nature of the instrument, the Company has determined the cost approximates fair value.
Non-current assets at March 31, 2025 and December 31, 2024 included $11,622 and $11,465, respectively, of rabbi trust funds related to the Company's deferred compensation plan. The money market and rabbi trust funds are valued using level one inputs, as defined by ASC 820, “Fair Value Measurement.”
v3.25.1
RELATED PARTY TRANSACTIONS
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
The Company provides services under a contractual agreement to St. Gabriel CC Company, LLC. These services include accounting, information technology, quality control, and purchasing services, as well as operation of the St. Gabriel CC Company, LLC plant. The Company also sells raw materials to St. Gabriel CC Company, LLC. These raw materials are used in the production of finished goods that are, in turn, sold by Saint Gabriel CC Company, LLC to the Company for resale to unrelated parties. As such, the sale of these raw materials to St. Gabriel CC Company, LLC in this scenario lacks economic substance and therefore the Company does not include them in net sales within the condensed consolidated statements of earnings.
Payments for the services the Company provided amounted to $1,127 and $1,092 for the three months ended March 31, 2025 and 2024, respectively. The raw materials purchased and subsequently sold amounted to $9,925 and $6,332 for the three months ended March 31, 2025 and 2024, respectively. These services and raw materials are primarily recorded in cost of goods sold, net of the finished goods received from St. Gabriel CC Company, LLC of $7,918 and $4,971 during the three months ended March 31, 2025 and 2024, respectively. At March 31, 2025 and December 31, 2024, the Company had receivables of $3,824 and $3,893, respectively, recorded in accounts receivable from St. Gabriel CC Company, LLC for services rendered and raw materials sold. At March 31, 2025 and December 31, 2024, the Company had payables of $2,843 and $2,831, respectively, recorded in accounts payable for finished goods received from St. Gabriel CC Company, LLC. The Company had payables in the amount of $296 related to non-contractual monies owed to St. Gabriel CC Company, LLC, recorded in accounts payable as of both March 31, 2025 and December 31, 2024. In addition, the Company had receivables in the amount of $35 related to non-contractual monies owed from St. Gabriel CC Company, LLC, recorded in other current assets as of March 31, 2025.
v3.25.1
LEASES
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
LEASES LEASES
The Company has both real estate leases and equipment leases. The main types of equipment leases include forklifts, trailers, printers and copiers, railcars, and trucks. Leases are categorized as both operating leases and finance leases. The Company elected the practical expedient to combine lease and non-lease components and recognizes the combined amount on the condensed consolidated balance sheet. Management determined that since the Company has a centralized treasury function, the parent company would either fund or guarantee a subsidiary's loan for borrowing over a similar term. As such, the Company's management determined it is appropriate to utilize a corporate based borrowing rate for all locations. The Company developed four tranches of leases based on lease terms and these tranches reflect the composition of the current lease portfolio. The Company's borrowing history shows that interest rates of a term loan or a line of credit depend on the duration of the loan rather than the nature of the assets purchased by those funds. Based on this understanding, the Company elected to use a portfolio approach to discount rates, applying corporate rates to the tranches of leases based on lease terms. Based on the Company's risk rating, the Company applied the following discount rates for new leases entered into during the first quarter of 2025: (1) 1-2 years, 5.62% (2) 3-4 years, 6.21% (3) 5-9 years, 6.55% and (4) 10+ years, 7.27%.
Right of use assets and lease liabilities at March 31, 2025 and December 31, 2024 are summarized as follows:

Right of use assetsMarch 31, 2025December 31, 2024
Operating leases$15,598 $15,320 
Finance leases1,678 1,730 
Total$17,276 $17,050 

Lease liabilities - currentMarch 31, 2025December 31, 2024
Operating leases$3,726 $3,134 
Finance leases197 194 
Total$3,923 $3,328 

Lease liabilities - non-currentMarch 31, 2025December 31, 2024
Operating leases$12,445 $12,967 
Finance leases1,698 1,749 
Total$14,143 $14,716 
For the three months ended March 31, 2025 and 2024, the Company's total lease costs were as follows, which included amounts recognized in earnings, amounts capitalized on the balance sheets, and the cash flows arising from lease transactions:
Three Months Ended
March 31,
20252024
Lease Cost
Operating lease cost$1,325 $1,341 
Finance lease cost
Amortization of ROU asset52 60 
Interest on lease liabilities24 27 
Total finance lease76 87 
Total lease cost$1,401 $1,428 
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$1,357 $1,333 
Operating cash flows from finance leases24 27 
Financing cash flows from finance leases49 57 
$1,430 $1,417 
Right-of-use assets obtained in exchange for new operating lease liabilities, net of right-of-use assets disposed$1,202 $398 
Weighted-average remaining lease term - operating leases8.84 years9.25 years
Weighted-average remaining lease term - finance leases8.12 years8.86 years
Weighted-average discount rate - operating leases7.6 %7.5 %
Weighted-average discount rate - finance leases5.1 %5.0 %
Rent expense charged to operations under operating lease agreements for the three months ended March 31, 2025 and 2024 aggregated to approximately $1,325 and $1,341, respectively.
Aggregate future minimum rental payments required under all non-cancelable operating and finance leases at March 31, 2025 are as follows:

Year 
April 1, 2025 to December 31, 2025$3,900 
20264,642 
20273,253 
20282,488 
20292,014 
20301,815 
Thereafter4,259 
Total minimum lease payments$22,371 
LEASES LEASES
The Company has both real estate leases and equipment leases. The main types of equipment leases include forklifts, trailers, printers and copiers, railcars, and trucks. Leases are categorized as both operating leases and finance leases. The Company elected the practical expedient to combine lease and non-lease components and recognizes the combined amount on the condensed consolidated balance sheet. Management determined that since the Company has a centralized treasury function, the parent company would either fund or guarantee a subsidiary's loan for borrowing over a similar term. As such, the Company's management determined it is appropriate to utilize a corporate based borrowing rate for all locations. The Company developed four tranches of leases based on lease terms and these tranches reflect the composition of the current lease portfolio. The Company's borrowing history shows that interest rates of a term loan or a line of credit depend on the duration of the loan rather than the nature of the assets purchased by those funds. Based on this understanding, the Company elected to use a portfolio approach to discount rates, applying corporate rates to the tranches of leases based on lease terms. Based on the Company's risk rating, the Company applied the following discount rates for new leases entered into during the first quarter of 2025: (1) 1-2 years, 5.62% (2) 3-4 years, 6.21% (3) 5-9 years, 6.55% and (4) 10+ years, 7.27%.
Right of use assets and lease liabilities at March 31, 2025 and December 31, 2024 are summarized as follows:

Right of use assetsMarch 31, 2025December 31, 2024
Operating leases$15,598 $15,320 
Finance leases1,678 1,730 
Total$17,276 $17,050 

Lease liabilities - currentMarch 31, 2025December 31, 2024
Operating leases$3,726 $3,134 
Finance leases197 194 
Total$3,923 $3,328 

Lease liabilities - non-currentMarch 31, 2025December 31, 2024
Operating leases$12,445 $12,967 
Finance leases1,698 1,749 
Total$14,143 $14,716 
For the three months ended March 31, 2025 and 2024, the Company's total lease costs were as follows, which included amounts recognized in earnings, amounts capitalized on the balance sheets, and the cash flows arising from lease transactions:
Three Months Ended
March 31,
20252024
Lease Cost
Operating lease cost$1,325 $1,341 
Finance lease cost
Amortization of ROU asset52 60 
Interest on lease liabilities24 27 
Total finance lease76 87 
Total lease cost$1,401 $1,428 
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$1,357 $1,333 
Operating cash flows from finance leases24 27 
Financing cash flows from finance leases49 57 
$1,430 $1,417 
Right-of-use assets obtained in exchange for new operating lease liabilities, net of right-of-use assets disposed$1,202 $398 
Weighted-average remaining lease term - operating leases8.84 years9.25 years
Weighted-average remaining lease term - finance leases8.12 years8.86 years
Weighted-average discount rate - operating leases7.6 %7.5 %
Weighted-average discount rate - finance leases5.1 %5.0 %
Rent expense charged to operations under operating lease agreements for the three months ended March 31, 2025 and 2024 aggregated to approximately $1,325 and $1,341, respectively.
Aggregate future minimum rental payments required under all non-cancelable operating and finance leases at March 31, 2025 are as follows:

Year 
April 1, 2025 to December 31, 2025$3,900 
20264,642 
20273,253 
20282,488 
20292,014 
20301,815 
Thereafter4,259 
Total minimum lease payments$22,371 
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net earnings $ 37,053 $ 28,986
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.1
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Policies)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Recent Accounting Pronouncements
Recent Accounting Pronouncements

Recently Issued Accounting Standards
In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2024-03, "Income Statement - Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40)." The new guidance is intended to enhance transparency and disclosures by requiring public entities to provide disaggregated disclosures of certain categories of expenses on an annual and interim basis. The ASU is effective for fiscal years beginning after December 15, 2026 and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact that the adoption of ASU 2024-03 will have on the consolidated financial statements and related disclosures.
In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740) - Improvements to Income Tax Disclosures." The new guidance is intended to enhance the transparency and decision usefulness of income tax disclosures by requiring disaggregated information about a reporting entity's effective tax rate reconciliation and information on income taxes paid. The amendment is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendment in this update should be applied on a prospective basis, with retrospective application permitted. The Company is in the process of evaluating the impact that the adoption of ASU 2023-09 will have on the consolidated financial statements and related disclosures.

Recently Adopted Accounting Standards
In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures." The ASU expands reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of a segment's profit or loss. The ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment's profit or loss in assessing segment performance and deciding how to allocate resources. Additionally, ASU 2023-07 requires all segment profit or loss and assets disclosures to be provided on an annual and interim basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning December 15, 2024. The Company adopted this accounting guidance on December 31, 2024, and applied it retrospectively to all prior periods presented in our consolidated financial statements. Refer to Note 10, Segment Information for the expanded disclosures.
v3.25.1
STOCKHOLDERS' EQUITY (Tables)
 3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Compensation Cost on Net Earnings
The Company’s results for the three months ended March 31, 2025 and 2024 reflected the following stock-based compensation cost, and such compensation cost had the following effects on net earnings:
Increase/(Decrease) for the
Three Months Ended March 31,
20252024
Cost of sales$438 $400 
Operating expenses3,372 4,350 
Net earnings(2,928)(3,652)
Schedule of Stock Option Activity
Option activity for the three months ended March 31, 2025 and 2024 is summarized below:
For the Three Months Ended March 31, 2025Shares (000s)Weighted
Average
Exercise
Price		Aggregate
Intrinsic
Value		Weighted
Average
Remaining
Contractual
Term
Outstanding as of December 31, 2024962 $114.81 $46,346 
Granted51 159.18 
Exercised(18)90.50 
Forfeited— — 
Canceled— — 
Outstanding as of March 31, 2025995 $117.53 $48,212 5.6
Exercisable as of March 31, 2025688 $105.78 $41,408 4.4
For the Three Months Ended March 31, 2024Shares (000s)Weighted
Average
Exercise
Price		Aggregate
Intrinsic
Value		Weighted
Average
Remaining
Contractual
Term
Outstanding as of December 31, 20231,078 $104.38 $47,889 
Granted113 143.43 
Exercised(125)70.40 
Forfeited(1)134.45 
Canceled— — 
Outstanding as of March 31, 20241,065 $112.48 $45,223 6.3
Exercisable as of March 31, 2024699 $97.89 $39,881 4.9
Schedule of Other Information Pertaining to Stock Option Activity
Other information pertaining to option activity during the three months ended March 31, 2025 and 2024 is as follows:

 Three Months Ended
March 31,
 20252024
Weighted-average fair value of options granted$48.86 $44.52 
Total intrinsic value of stock options exercised ($000s)$1,388 $10,377 
Schedule of Non-vested Restricted Stock Activity
Non-vested restricted stock activity for the three months ended March 31, 2025 and 2024 is summarized below:
Three Months Ended March 31,
20252024
Shares (000s)Weighted
Average Grant
Date Fair
Value		Shares (000s)Weighted
Average Grant
Date Fair
Value
Non-vested balance as of December 31122 $141.62 116 $133.06 
Granted54 159.11 35 143.43 
Vested(28)138.21 (32)119.11 
Forfeited(1)140.76 (1)129.93 
Non-vested balance as of March 31147 $148.68 118 $139.95 
Schedule of Non-vested Performance Share Activity
Non-vested performance share activity for the three months ended March 31, 2025 and 2024 is summarized below:

Three Months Ended March 31,
20252024
Shares (000s)Weighted
Average Grant
Date Fair
Value		Shares (000s)Weighted
Average Grant
Date Fair
Value
Non-vested balance as of December 3179 $150.73 76 $135.25 
Granted50 147.96 47 152.28
Vested(44)109.95 (44)106.57
Forfeited(4)150.11 — —
Non-vested balance as of March 3181 $160.14 79 $150.73 
v3.25.1
INVENTORIES (Tables)
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories, net of reserves at March 31, 2025 and December 31, 2024 consisted of the following:

March 31, 2025December 31, 2024
Raw materials$44,671 $45,319 
Work in progress10,538 4,510 
Finished goods89,717 80,973 
Total inventories$144,926 $130,802 
v3.25.1
PROPERTY, PLANT AND EQUIPMENT (Tables)
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property, plant and equipment at March 31, 2025 and December 31, 2024 are summarized as follows:
 March 31, 2025December 31, 2024
Land$11,927 $11,690 
Building110,903 106,954 
Equipment323,519 315,001 
Construction in progress74,137 77,508 
 520,486 511,153 
Less: accumulated depreciation236,733 228,999 
Property, plant and equipment, net$283,753 $282,154 
v3.25.1
INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Identifiable Intangible Assets
Identifiable intangible assets with finite lives at March 31, 2025 and December 31, 2024 are summarized as follows:

 Amortization
Period
(in years)		Gross Carrying Amount at March 31, 2025Accumulated Amortization at March 31, 2025Gross Carrying Amount at December 31, 2024Accumulated Amortization at December 31, 2024
Customer relationships & lists
10-20
$359,414 $225,696 $354,051 $221,567 
Trademarks & trade names
2-17
51,631 42,274 50,971 41,417 
Developed technology
5-12
40,815 21,131 40,074 20,362 
Other
2-18
24,934 21,728 25,154 21,854 
 $476,794 $310,829 $470,250 $305,200 
v3.25.1
NET EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Reconciliation in Net Earnings and Shares Used in Calculating Basic and Diluted Net Earnings Per Share
The following presents a reconciliation of the net earnings and shares used in calculating basic and diluted net earnings per share:

Three Months Ended
March 31,
20252024
Net Earnings - Basic and Diluted$37,053 $28,986 
Shares (000s)
Weighted Average Common Shares - Basic32,440 32,251 
Effect of Dilutive Securities – Stock Options, Restricted Stock, and Performance Shares367 376 
Weighted Average Common Shares - Diluted32,807 32,627 
Net Earnings Per Share - Basic$1.14 $0.90 
Net Earnings Per Share - Diluted$1.13 $0.89 
v3.25.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Significant Segment Information
Pursuant to ASU 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures", the significant segment information is summarized as follows:

For the Three Months Ended March 31, 2025
 HNHANHSPOther and UnallocatedTotal
Net sales$158,457 $57,277 $33,275 $1,510 $250,519 
Cost of sales99,383 (1)44,917 (1)15,986 (1)2,065 (1)162,351 
Gross margin59,074 12,360 17,289 (555)88,168 
Operating expenses21,100 (2)7,124 
(3)
7,704 (4)1,225 (5)37,153 
Earnings from operations37,974 5,236 9,585 (1,780)51,015 
Other expenses:
   Interest expense, net2,924 
   Other expense151 
3,075 
Earnings before income
   tax expense		47,940 
   Income tax expense10,887 
Net earnings$37,053 
(1) Cost of sales are primarily comprised of raw materials consumed in the manufacture of product, as well as manufacturing labor, depreciation expense, and other overhead expenses necessary to convert purchased materials and supplies into finished product. Cost of sales also includes inbound freight costs, outbound freight costs for shipping products to customers, warehousing costs, quality control and obsolescence expense.
(2) Operating expenses within HNH are primarily comprised of compensation-related costs, professional services, including advertising and marketing costs, and amortization expense in connection with certain acquired intangible assets.
(3) Operating expenses within ANH are primarily comprised of compensation-related costs and professional services, including advertising and marketing costs.
(4) Operating expenses within SP are primarily comprised of compensation-related costs, professional services, and amortization expense in connection with certain acquired intangible assets.
(5) Operating expenses within Other and Unallocated are primarily comprised of transaction and integration costs.


For the Three Months Ended March 31, 2024
 HNHANHSPOther and UnallocatedTotal
Net sales$152,744 $53,921 $31,613 $1,381 $239,659 
Cost of sales97,382 (6)44,235 (6)14,624 (6)1,904 (6)158,145 
Gross margin55,362 9,686 16,989 (523)81,514 
Operating expenses22,105 (7)7,626 
(8)
8,790 (9)1,317 (10)39,838 
Earnings from operations33,257 2,060 8,199 (1,840)41,676 
Other expenses:
   Interest expense, net5,398 
   Other income(572)
4,826 
Earnings before income
   tax expense		36,850 
   Income tax expense7,864 
Net earnings$28,986 
(6) Cost of sales are primarily comprised of raw materials consumed in the manufacture of product, as well as manufacturing labor, depreciation expense, and other overhead expenses necessary to convert purchased materials and supplies into finished product. Cost of sales also includes inbound freight costs, outbound freight costs for shipping products to customers, warehousing costs, quality control and obsolescence expense.
(7) Operating expenses within HNH are primarily comprised of compensation-related costs, professional services, including advertising and marketing costs, and amortization expense in connection with certain acquired intangible assets.
(8) Operating expenses within ANH are primarily comprised of compensation-related costs and professional services, including advertising and marketing costs.
(9) Operating expenses within SP are primarily comprised of compensation-related costs, professional services, and amortization expense in connection with certain acquired intangible assets.
(10) Operating expenses within Other and Unallocated are primarily comprised of transaction and integration costs.


Business Segment AssetsMarch 31,
2025		December 31,
2024
Human Nutrition and Health$1,213,407 $1,185,962 
Animal Nutrition and Health169,464 161,243 
Specialty Products166,745 161,283 
Other and Unallocated (11)
67,939 66,883 
Total$1,617,555 $1,575,371 

(11) Other and Unallocated assets consist of certain cash, capitalized loan issuance costs, other assets, investments, and income taxes, which the Company does not allocate to its individual business segments. It also includes assets associated with a few minor businesses which individually do not meet the quantitative thresholds for separate presentation.

Depreciation/Amortization		Three Months Ended March 31,
 20252024
Human Nutrition and Health$7,303 $9,540 
Animal Nutrition and Health1,761 2,102 
Specialty Products1,726 1,779 
Other and Unallocated224 247 
Total$11,014 $13,668 


Capital Expenditures		Three Months Ended March 31,
 20252024
Human Nutrition and Health$2,327 $4,260 
Animal Nutrition and Health2,344 2,021 
Specialty Products722 435 
Other and Unallocated28 70 
Total$5,421 $6,786 
v3.25.1
REVENUE (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenues Disaggregated by Revenue Source
The following table presents revenues disaggregated by revenue source. Sales and usage-based taxes are excluded from revenues.

Three Months Ended
March 31,
20252024
Product Sales Revenue$250,061 $239,126 
Royalty Revenue458 533 
Total Revenue$250,519 $239,659 

The following table presents revenues disaggregated by geography, based on customers' delivery addresses:

Three Months Ended
March 31,
20252024
United States$185,722 $182,086 
Foreign Countries64,797 57,573 
Total Revenue$250,519 $239,659 
v3.25.1
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
Supplemental Cash Flow Information [Abstract]  
Schedule of Supplemental Cash Flow Information
Cash paid during the three months ended March 31, 2025 and 2024 for income taxes and interest is as follows:
Three Months Ended March 31,
20252024
Income taxes$1,443 $949 
Interest$3,010 $5,170 
v3.25.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 3 Months Ended
Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss
The changes in accumulated other comprehensive income (loss) were as follows:

 Three Months Ended
March 31,
 20252024
Net foreign currency translation adjustment$21,722 $(12,717)
Net change in postretirement benefit plan (see Note 14 for
   further information)
Amortization of gain(2)(3)
Prior service (gain) loss arising during the period(319)206 
Total before tax(321)203 
Tax83 (49)
Net of tax(238)154 
Total other comprehensive income (loss)$21,484 $(12,563)
Schedule of Accumulated Other Comprehensive (Loss) Income
Accumulated other comprehensive income (loss) at March 31, 2025 and December 31, 2024 consisted of the following:

 Foreign currency
translation
adjustment		Postretirement
benefit plan		Total
Balance December 31, 2024$(24,182)$435 $(23,747)
Other comprehensive income (loss)21,722 (238)21,484 
Balance March 31, 2025$(2,460)$197 $(2,263)
v3.25.1
EMPLOYEE BENEFIT PLANS (Tables)
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Cost
Net periodic benefit costs for such retirement medical plans were as follows:

 Three Months Ended March 31,
 20252024
Service cost$29 $28 
Interest cost18 14 
Amortization of gain(3)(3)
Net periodic benefit cost$44 $39 
Net periodic benefit costs for such benefit pension plans were as follows:

Three Months Ended March 31,
 20252024
Service cost with interest to end of year$49 $18 
Interest cost19 14 
Expected return on plan assets(14)(10)
Amortization of loss1 — 
Total net periodic benefit cost$55 $22 
v3.25.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Right of Use Assets and Lease Liabilities
Right of use assets and lease liabilities at March 31, 2025 and December 31, 2024 are summarized as follows:

Right of use assetsMarch 31, 2025December 31, 2024
Operating leases$15,598 $15,320 
Finance leases1,678 1,730 
Total$17,276 $17,050 

Lease liabilities - currentMarch 31, 2025December 31, 2024
Operating leases$3,726 $3,134 
Finance leases197 194 
Total$3,923 $3,328 

Lease liabilities - non-currentMarch 31, 2025December 31, 2024
Operating leases$12,445 $12,967 
Finance leases1,698 1,749 
Total$14,143 $14,716 
For the three months ended March 31, 2025 and 2024, the Company's total lease costs were as follows, which included amounts recognized in earnings, amounts capitalized on the balance sheets, and the cash flows arising from lease transactions:
Three Months Ended
March 31,
20252024
Lease Cost
Operating lease cost$1,325 $1,341 
Finance lease cost
Amortization of ROU asset52 60 
Interest on lease liabilities24 27 
Total finance lease76 87 
Total lease cost$1,401 $1,428 
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$1,357 $1,333 
Operating cash flows from finance leases24 27 
Financing cash flows from finance leases49 57 
$1,430 $1,417 
Right-of-use assets obtained in exchange for new operating lease liabilities, net of right-of-use assets disposed$1,202 $398 
Weighted-average remaining lease term - operating leases8.84 years9.25 years
Weighted-average remaining lease term - finance leases8.12 years8.86 years
Weighted-average discount rate - operating leases7.6 %7.5 %
Weighted-average discount rate - finance leases5.1 %5.0 %
Schedule of Aggregate Future Minimum Rental Payments Required under Non-Cancelable Finance Leases
Aggregate future minimum rental payments required under all non-cancelable operating and finance leases at March 31, 2025 are as follows:

Year 
April 1, 2025 to December 31, 2025$3,900 
20264,642 
20273,253 
20282,488 
20292,014 
20301,815 
Thereafter4,259 
Total minimum lease payments$22,371 
Schedule of Aggregate Future Minimum Rental Payments Required under Non-Cancelable Operating Leases
Aggregate future minimum rental payments required under all non-cancelable operating and finance leases at March 31, 2025 are as follows:

Year 
April 1, 2025 to December 31, 2025$3,900 
20264,642 
20273,253 
20282,488 
20292,014 
20301,815 
Thereafter4,259 
Total minimum lease payments$22,371 
v3.25.1
STOCKHOLDERS' EQUITY - Schedule of Stock-Based Compensation (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]    
Net earnings $ (2,928) $ (3,652)
Cost of sales    
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]    
Stock-based compensation cost 438 400
Operating expenses    
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]    
Stock-based compensation cost $ 3,372 $ 4,350
v3.25.1
STOCKHOLDERS' EQUITY - Stock-Based Compensation - Additional Information (Details)
 3 Months Ended
Mar. 31, 2025
shares
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Expiration period of options granted 10 years
Shares available for future awards (in shares) 685,590
Stock options | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Vesting period 3 years
Stock options | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Vesting period 5 years
Restricted stock  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Vesting period 3 years
Restricted stock | Minimum | Non-employee director  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Vesting period 1 year
Restricted stock | Maximum | Non-employee director  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Vesting period 3 years
Performance shares  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Vesting period 3 years
v3.25.1
STOCKHOLDERS' EQUITY - Schedule of Stock Options / Other Information Pertaining to Stock Option Activity (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]    
Outstanding at beginning of period (in shares) 962 1,078
Granted (in shares) 51 113
Exercised (in shares) (18) (125)
Forfeited (in shares) 0 (1)
Canceled (in shares) 0 0
Outstanding at end of period (in shares) 995 1,065
Exercisable at end of period (in shares) 688 699
Weighted Average Exercise Price    
Outstanding at beginning of period (in dollars per share) $ 114.81 $ 104.38
Granted (in dollars per share) 159.18 143.43
Exercised (in dollars per share) 90.50 70.40
Forfeited (in dollars per share) 0 134.45
Canceled (in dollars per share) 0 0
Outstanding at end of period (in dollars per share) 117.53 112.48
Exercisable at end of period (in dollars per share) $ 105.78 $ 97.89
Aggregate intrinsic value, outstanding, beginning of period $ 46,346 $ 47,889
Aggregate intrinsic value, outstanding, end of period 48,212 45,223
Aggregate intrinsic value, exercisable, end of period $ 41,408 $ 39,881
Weighted average remaining contractual term, outstanding 5 years 7 months 6 days 6 years 3 months 18 days
Weighted average remaining contractual term, exercisable 4 years 4 months 24 days 4 years 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]    
Weighted-average fair value of options granted (in dollars per share) $ 48.86 $ 44.52
Total intrinsic value of stock options exercised $ 1,388 $ 10,377
Stock options    
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]    
Dividend yield rate 0.60% 0.60%
Expected volatility rate 26.00% 28.00%
Risk-free interest rate 4.50% 4.10%
Expected term 5 years 2 months 12 days 5 years
v3.25.1
STOCKHOLDERS' EQUITY - Schedule of Restricted Stock and Performance Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]    
Unrecognized compensation cost $ 31,427 $ 30,380
Period for unrecognized compensation cost to be recognized over 1 year 9 months 18 days  
Estimated share-based compensation expense $ 16,860  
Restricted stock    
Shares    
Non-vested balance as of beginning of period (in shares) 122 116
Granted (in shares) 54 35
Vested (in shares) (28) (32)
Forfeited (in shares) (1) (1)
Non-vested balance as of end of period (in shares) 147 118
Weighted Average Grant Date Fair Value    
Non-vested balance as of beginning of period (in dollars per share) $ 141.62 $ 133.06
Granted (in dollars per share) 159.11 143.43
Vested (in dollars per share) 138.21 119.11
Forfeited (in dollars per share) 140.76 129.93
Non-vested balance as of end of period (in dollars per share) $ 148.68 $ 139.95
Performance shares    
Shares    
Non-vested balance as of beginning of period (in shares) 79 76
Granted (in shares) 50 47
Vested (in shares) (44) (44)
Forfeited (in shares) (4) 0
Non-vested balance as of end of period (in shares) 81 79
Weighted Average Grant Date Fair Value    
Non-vested balance as of beginning of period (in dollars per share) $ 150.73 $ 135.25
Granted (in dollars per share) 147.96 152.28
Vested (in dollars per share) 109.95 106.57
Forfeited (in dollars per share) 150.11 0
Non-vested balance as of end of period (in dollars per share) $ 160.14 $ 150.73
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]    
Risk-free interest rate 4.30% 4.20%
Dividend yield rate 0.00% 0.00%
Expected volatility rate 26.00% 25.00%
Initial TSR (8.80%) 10.30%
Cliff vest 100.00%  
Holding period of grants 1 year  
v3.25.1
STOCKHOLDERS' EQUITY - Repurchase of Common Stock (Details) - $ / shares
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Stockholders' Equity Note [Abstract]    
Number of shares authorized to be repurchased (in shares) 3,763,038  
Aggregate number of shares repurchased since inception (in shares) 3,174,897  
Number of shares acquired under stock repurchase plan and subsequently reissued (in shares) 32,869 36,122
Treasury stock acquired, average cost (in dollars per share) $ 161.99 $ 144.02
v3.25.1
INVENTORIES (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Inventory Disclosure [Abstract]    
Raw materials $ 44,671 $ 45,319
Work in progress 10,538 4,510
Finished goods 89,717 80,973
Total inventories $ 144,926 $ 130,802
v3.25.1
PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]    
Gross property, plant and equipment $ 520,486 $ 511,153
Less: accumulated depreciation 236,733 228,999
Property, plant and equipment, net 283,753 282,154
Land    
Property, Plant and Equipment [Abstract]    
Gross property, plant and equipment 11,927 11,690
Building    
Property, Plant and Equipment [Abstract]    
Gross property, plant and equipment 110,903 106,954
Equipment    
Property, Plant and Equipment [Abstract]    
Gross property, plant and equipment 323,519 315,001
Construction in progress    
Property, Plant and Equipment [Abstract]    
Gross property, plant and equipment $ 74,137 $ 77,508
v3.25.1
PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Property, Plant and Equipment [Abstract]    
Restructuring-related impairment charges $ 0 $ 0
v3.25.1
INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]      
Goodwill $ 793,087,000   $ 780,030,000
Amortization of identifiable intangible assets 4,060,000 $ 6,342,000  
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]      
Remainder of 2025 12,192,000    
2026 16,148,000    
2027 15,622,000    
2028 15,171,000    
2029 14,769,000    
2030 14,390,000    
Identifiable intangible assets with indefinite useful lives $ 0   $ 0
v3.25.1
INTANGIBLE ASSETS - Schedule of Identifiable Intangible Assets (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Identifiable intangible assets [Abstract]    
Gross Carrying Amount $ 476,794 $ 470,250
Accumulated Amortization 310,829 305,200
Customer relationships & lists    
Identifiable intangible assets [Abstract]    
Gross Carrying Amount 359,414 354,051
Accumulated Amortization $ 225,696 221,567
Customer relationships & lists | Minimum    
Identifiable intangible assets [Abstract]    
Amortization Period (in years) 10 years  
Customer relationships & lists | Maximum    
Identifiable intangible assets [Abstract]    
Amortization Period (in years) 20 years  
Trademarks & trade names    
Identifiable intangible assets [Abstract]    
Gross Carrying Amount $ 51,631 50,971
Accumulated Amortization $ 42,274 41,417
Trademarks & trade names | Minimum    
Identifiable intangible assets [Abstract]    
Amortization Period (in years) 2 years  
Trademarks & trade names | Maximum    
Identifiable intangible assets [Abstract]    
Amortization Period (in years) 17 years  
Developed technology    
Identifiable intangible assets [Abstract]    
Gross Carrying Amount $ 40,815 40,074
Accumulated Amortization $ 21,131 20,362
Developed technology | Minimum    
Identifiable intangible assets [Abstract]    
Amortization Period (in years) 5 years  
Developed technology | Maximum    
Identifiable intangible assets [Abstract]    
Amortization Period (in years) 12 years  
Other    
Identifiable intangible assets [Abstract]    
Gross Carrying Amount $ 24,934 25,154
Accumulated Amortization $ 21,728 $ 21,854
Other | Minimum    
Identifiable intangible assets [Abstract]    
Amortization Period (in years) 2 years  
Other | Maximum    
Identifiable intangible assets [Abstract]    
Amortization Period (in years) 18 years  
v3.25.1
EQUITY METHOD INVESTMENT (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
vote
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2013
Equity Method Investment, Summarized Financial Information [Abstract]        
Number of votes | vote 2      
St. Gabriel CC Company, LLC        
Equity Method Investment, Summarized Financial Information [Abstract]        
Ownership percentage in joint venture       66.66%
Loss relating to joint venture's expenses $ 122 $ 121    
Capital contributions 30 $ 42    
Carrying value of joint venture $ 3,764   $ 3,856  
St. Gabriel CC Company, LLC | Eastman Chemical Company        
Equity Method Investment, Summarized Financial Information [Abstract]        
Ownership percentage in joint venture       33.34%
v3.25.1
REVOLVING LOAN (Details) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Jul. 27, 2022
Debt Instrument [Line Items]        
Capitalized costs net of accumulated amortization $ 671,000   $ 743,000  
Amortization expense pertaining to capitalized costs 71,000 $ 71,000    
2022 Credit Agreement | Revolving        
Debt Instrument [Line Items]        
Maximum borrowing capacity       $ 550,000,000
Outstanding balance 190,000,000   $ 190,000,000  
Installment payments required $ 0      
Revolving Credit Agreement        
Debt Instrument [Line Items]        
Interest rate 5.43%      
Commitment fee percentage 0.15%      
Unused portion of revolving loan $ 360,000,000      
Revolving Credit Agreement | Minimum        
Debt Instrument [Line Items]        
Commitment fee percentage 0.15%      
Revolving Credit Agreement | Maximum        
Debt Instrument [Line Items]        
Commitment fee percentage 0.225%      
v3.25.1
NET EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Earnings Per Share [Abstract]    
Net earnings $ 37,053 $ 28,986
Weighted Average Common Shares - Basic (in shares) 32,440,000 32,251,000
Effect of Dilutive Securities - Stock Options, Restricted Stock, and Performance Shares (in shares) 367,000 376,000
Weighted Average Common Shares - Diluted (in shares) 32,807,000 32,627,000
Net Earnings Per Share - Basic (in dollars per share) $ 1.14 $ 0.90
Net Earnings Per Share - Diluted (in dollars per share) $ 1.13 $ 0.89
Anti-dilutive shares (in shares) 223,820 448,915
v3.25.1
INCOME TAXES (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Income Tax Disclosure [Abstract]      
Effective tax rate 22.70% 21.30%  
Unrecognized tax benefits $ 6,786   $ 6,720
Accrued interest and penalties related to unrecognized tax benefits $ 2,418   $ 2,352
v3.25.1
SEGMENT INFORMATION - Narrative (Details)
 3 Months Ended
Mar. 31, 2025
segment
Segment Reporting [Abstract]  
Reportable segments 3
v3.25.1
SEGMENT INFORMATION - Business Segment Net Sales (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Net sales $ 250,519 $ 239,659
Cost of sales 162,351 158,145
Gross margin 88,168 81,514
Operating Expenses 37,153 39,838
Earnings from operations 51,015 41,676
Interest expense, net 2,924 5,398
Other income 151 (572)
Nonoperating Income (Expense) 3,075 4,826
Earnings before income tax expense 47,940 36,850
Income tax expense 10,887 7,864
Net earnings 37,053 28,986
Operating Segments | Human Nutrition and Health    
Segment Reporting Information [Line Items]    
Net sales 158,457 152,744
Cost of sales 99,383 97,382
Gross margin 59,074 55,362
Operating Expenses 21,100 22,105
Earnings from operations 37,974 33,257
Operating Segments | Animal Nutrition and Health    
Segment Reporting Information [Line Items]    
Net sales 57,277 53,921
Cost of sales 44,917 44,235
Gross margin 12,360 9,686
Operating Expenses 7,124 7,626
Earnings from operations 5,236 2,060
Operating Segments | Specialty Products    
Segment Reporting Information [Line Items]    
Net sales 33,275 31,613
Cost of sales 15,986 14,624
Gross margin 17,289 16,989
Operating Expenses 7,704 8,790
Earnings from operations 9,585 8,199
Other and Unallocated    
Segment Reporting Information [Line Items]    
Net sales 1,510 1,381
Cost of sales 2,065 1,904
Gross margin (555) (523)
Operating Expenses 1,225 1,317
Earnings from operations $ (1,780) $ (1,840)
v3.25.1
SEGMENT INFORMATION - Schedule of Business Segment Assets (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Assets $ 1,617,555 $ 1,575,371
Operating Segments | Human Nutrition and Health    
Segment Reporting Information [Line Items]    
Assets 1,213,407 1,185,962
Operating Segments | Animal Nutrition and Health    
Segment Reporting Information [Line Items]    
Assets 169,464 161,243
Operating Segments | Specialty Products    
Segment Reporting Information [Line Items]    
Assets 166,745 161,283
Other and Unallocated    
Segment Reporting Information [Line Items]    
Assets $ 67,939 $ 66,883
v3.25.1
SEGMENT INFORMATION - Schedule of Depreciation and Amortization (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Depreciation and amortization $ 11,014 $ 13,668
Operating Segments | Human Nutrition and Health    
Segment Reporting Information [Line Items]    
Depreciation and amortization 7,303 9,540
Operating Segments | Animal Nutrition and Health    
Segment Reporting Information [Line Items]    
Depreciation and amortization 1,761 2,102
Operating Segments | Specialty Products    
Segment Reporting Information [Line Items]    
Depreciation and amortization 1,726 1,779
Other and Unallocated    
Segment Reporting Information [Line Items]    
Depreciation and amortization $ 224 $ 247
v3.25.1
SEGMENT INFORMATION - Schedule of Capital Expenditures (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Capital expenditures $ 5,421 $ 6,786
Operating Segments | Human Nutrition and Health    
Segment Reporting Information [Line Items]    
Capital expenditures 2,327 4,260
Operating Segments | Animal Nutrition and Health    
Segment Reporting Information [Line Items]    
Capital expenditures 2,344 2,021
Operating Segments | Specialty Products    
Segment Reporting Information [Line Items]    
Capital expenditures 722 435
Other and Unallocated    
Segment Reporting Information [Line Items]    
Capital expenditures $ 28 $ 70
v3.25.1
REVENUE (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Disaggregation of Revenue [Line Items]    
Total Revenue $ 250,519 $ 239,659
United States    
Disaggregation of Revenue [Line Items]    
Total Revenue 185,722 182,086
Foreign Countries    
Disaggregation of Revenue [Line Items]    
Total Revenue 64,797 57,573
Product Sales Revenue    
Disaggregation of Revenue [Line Items]    
Total Revenue 250,061 239,126
Royalty Revenue    
Disaggregation of Revenue [Line Items]    
Total Revenue $ 458 $ 533
v3.25.1
SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Supplemental Cash Flow Information [Abstract]    
Income taxes $ 1,443 $ 949
Interest $ 3,010 $ 5,170
v3.25.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Changes in Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]    
Net foreign currency translation adjustment $ 21,722 $ (12,717)
Net change in postretirement benefit plan (see Note 14 for further information)    
Amortization of gain (2) (3)
Prior service (gain) loss arising during the period (319) 206
Total before tax (321) 203
Tax 83 (49)
Net of tax (238) 154
Other comprehensive income (loss) $ 21,484 $ (12,563)
v3.25.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Components of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance $ 1,149,913 $ 1,053,984
Other comprehensive income (loss) 21,484 (12,563)
Ending balance 1,208,701 1,078,791
Total    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance (23,747) 8,691
Other comprehensive income (loss) 21,484 (12,563)
Ending balance (2,263) $ (3,872)
Foreign currency translation adjustment    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance (24,182)  
Other comprehensive income (loss) 21,722  
Ending balance (2,460)  
Postretirement benefit plan    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance 435  
Other comprehensive income (loss) (238)  
Ending balance $ 197  
v3.25.1
EMPLOYEE BENEFIT PLANS - Narrative (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
plan
Dec. 31, 2024
USD ($)
Defined Benefit Plan Disclosure [Line Items]    
Number of savings plans | plan 1  
Number of defined benefit plans | plan 2  
Deferred compensation liability $ 11,653 $ 11,470
Noncurrent deferred compensation liability 11,633 11,449
Current deferred compensation liability 20 21
Level 1    
Defined Benefit Plan Disclosure [Line Items]    
Irrevocable trust funds 11,642  
Related rabbi trust assets 11,622 11,465
Assets current 20  
Postretirement Medical Plans    
Defined Benefit Plan Disclosure [Line Items]    
Benefit obligation 1,446 1,522
Historical cash payments for retirement medical plan claims per year (less than) 200  
Defined Benefit Pension Plans | Chemogas Defined Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Benefit obligation $ 690 $ 613
v3.25.1
EMPLOYEE BENEFIT PLANS - Schedule of Net Periodic Benefit Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Postretirement Medical Plans    
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]    
Service cost $ 29 $ 28
Interest cost 18 14
Amortization of gain (loss) (3) (3)
Net periodic benefit cost 44 39
Defined Benefit Pension Plans | Chemogas Defined Pension Plan    
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]    
Service cost 49 18
Interest cost 19 14
Amortization of gain (loss) 1 0
Expected return on plan assets (14) (10)
Net periodic benefit cost $ 55 $ 22
v3.25.1
COMMITMENTS AND CONTINGENCIES - Narrative (Details)
$ in Thousands
Jan. 31, 2025
USD ($)
EPA Civil penalty  
Gain Contingencies [Line Items]  
Payment for civil penalty and project benefits $ 300
EPA Community spending  
Gain Contingencies [Line Items]  
Payment for civil penalty and project benefits $ 350
v3.25.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
financial_instrument
Dec. 31, 2024
USD ($)
Fair value of financial instruments [Abstract]    
Number of financial instruments held for trading purposes | financial_instrument 0  
Level 1    
Fair value of financial instruments [Abstract]    
Related rabbi trust assets $ 11,622 $ 11,465
Money market funds    
Fair value of financial instruments [Abstract]    
Cash and cash equivalents 1,033 1,040
Certificates of deposit    
Fair value of financial instruments [Abstract]    
Cash and cash equivalents $ 11,904 $ 0
v3.25.1
RELATED PARTY TRANSACTIONS (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Related Party Transaction [Line Items]      
Cost of sales $ 162,351 $ 158,145  
Receivables to related parties 130,447   $ 119,662
Payables 65,975   54,745
St. Gabriel CC Company, LLC      
Related Party Transaction [Line Items]      
Cost of sales 7,918 4,971  
Receivables to related parties 3,824   3,893
Payables to related parties 2,843   2,831
St. Gabriel CC Company, LLC | Non-contractual Monies Owed      
Related Party Transaction [Line Items]      
Receivables to related parties 35    
Payables 296   $ 296
St. Gabriel CC Company, LLC | Services provided      
Related Party Transaction [Line Items]      
Cost of sales 1,127 1,092  
St. Gabriel CC Company, LLC | Raw materials sold      
Related Party Transaction [Line Items]      
Cost of sales $ 9,925 $ 6,332  
v3.25.1
LEASES - Narrative (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
tranche
Mar. 31, 2024
USD ($)
Lessee, Lease, Description [Line Items]    
Number of tranches | tranche 4  
Rent expense charged to operations under lease agreements | $ $ 1,325 $ 1,341
Years 1 and 2    
Lessee, Lease, Description [Line Items]    
Discount rate 5.62%  
Years 1 and 2 | Minimum    
Lessee, Lease, Description [Line Items]    
Term of contract for operating leases 1 year  
Years 1 and 2 | Maximum    
Lessee, Lease, Description [Line Items]    
Term of contract for operating leases 2 years  
Years 3 and 4    
Lessee, Lease, Description [Line Items]    
Discount rate 6.21%  
Years 3 and 4 | Minimum    
Lessee, Lease, Description [Line Items]    
Term of contract for operating leases 3 years  
Years 3 and 4 | Maximum    
Lessee, Lease, Description [Line Items]    
Term of contract for operating leases 4 years  
Years 5 and 9    
Lessee, Lease, Description [Line Items]    
Discount rate 6.55%  
Years 5 and 9 | Minimum    
Lessee, Lease, Description [Line Items]    
Term of contract for operating leases 5 years  
Years 5 and 9 | Maximum    
Lessee, Lease, Description [Line Items]    
Term of contract for operating leases 9 years  
Years more than 10    
Lessee, Lease, Description [Line Items]    
Term of contract for operating leases 10 years  
Discount rate 7.27%  
v3.25.1
LEASES - Schedule of Right-of-Use Assets and Lease Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Right of use assets    
Operating leases $ 15,598 $ 15,320
Finance leases 1,678 1,730
Total 17,276 17,050
Operating leases liabilities - current 3,726 3,134
Finance lease liabilities - current 197 194
Total 3,923 3,328
Operating leases liabilities - non-current 12,445 12,967
Finance lease liabilities - non-current 1,698 1,749
Total $ 14,143 $ 14,716
v3.25.1
LEASES - Schedule of Lease Costs (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Lease Cost    
Operating lease cost $ 1,325 $ 1,341
Amortization of ROU asset 52 60
Interest on lease liabilities 24 27
Total finance lease 76 87
Total lease cost 1,401 1,428
Cash paid for amounts included in the measurement of lease liabilities    
Operating cash flows from operating leases 1,357 1,333
Operating cash flows from finance leases 24 27
Financing cash flows from finance leases 49 57
Cash flows from operating and finance leases 1,430 1,417
Right-of-use assets obtained in exchange for new operating lease liabilities, net of right-of-use assets disposed $ 1,202 $ 398
Weighted-average remaining lease term - operating leases 8 years 10 months 2 days 9 years 3 months
Weighted-average remaining lease term - finance leases 8 years 1 month 13 days 8 years 10 months 9 days
Weighted-average discount rate - operating leases 7.60% 7.50%
Weighted-average discount rate - finance leases 5.10% 5.00%
v3.25.1
LEASES - Schedule of Aggregate Future Minimum Rental Payments Required under Non-Cancelable Operating Leases (Details)
$ in Thousands
Mar. 31, 2025
USD ($)
Operating And Finance Lease, Liability, To Be Paid [Abstract]  
April 1, 2025 to December 31, 2025 $ 3,900
2026 4,642
2027 3,253
2028 2,488
2029 2,014
2030 1,815
Thereafter 4,259
Total minimum lease payments $ 22,371