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Nature of Operations and Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2020
Accounting Policies [Abstract] |
Reconciliation of Cash | The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Company's statement of cash flows periods ended June 30, 2020 and June 30, 2019 to the amounts reported in the Company's balance sheet as at June 30, 2020, December 31, 2019, June 30, 2019 and December 31, 2018.
(DOLLARS IN THOUSANDS) | June 30, 2020 |  | December 31, 2019 |  | June 30, 2019 |  | December 31, 2018
Current assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 497,412 |  |  | $ | 606,823 |  |  | $ | 426,717 |  |  | $ | 634,897 |
Restricted cash | 10,122 |  |  | 17,122 |  |  | 28,103 |  |  | 13,625 |
Noncurrent assets |  |  |  |  |  |  |
Restricted cash included in Other assets | 4,400 |  |  | — |  |  | — |  |  | — |
Cash, cash equivalents and restricted cash | $ | 511,934 |  |  | $ | 623,945 |  |  | $ | 454,820 |  |  | $ | 648,522 |
Disaggregation of Revenue | The following table presents the Company's revenues disaggregated by product categories:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(DOLLARS IN THOUSANDS) | 2020 |  | 2019 |  | 2020 |  | 2019
Taste |  |  |  |  |  |  |
Flavor compounds | $ | 654,781 |  |  | $ | 710,251 |  |  | $ | 1,388,478 |  |  | $ | 1,415,013 |
Flavor ingredients | 93,543 |  |  | 101,068 |  |  | 190,168 |  |  | 201,108 |
Total Taste | 748,324 |  |  | 811,319 |  |  | 1,578,646 |  |  | 1,616,121 |
Scent |  |  |  |  |  |  |
Fragrance compounds | 358,157 |  |  | 375,882 |  |  | 766,335 |  |  | 765,178 |
Fragrance ingredients | 92,292 |  |  | 104,367 |  |  | 201,109 |  |  | 207,671 |
Total Scent | 450,449 |  |  | 480,249 |  |  | 967,444 |  |  | 972,849 |
Total revenues | $ | 1,198,773 |  |  | $ | 1,291,568 |  |  | $ | 2,546,090 |  |  | $ | 2,588,970 |
Contract Asset and Accounts Receivable | June 30, 2020 and December 31, 2019:
(DOLLARS IN THOUSANDS) | June 30, 2020 |  | December 31, 2019
Receivables (included in Trade receivables) | $ | 982,624 |  |  | $ | 892,625 |
Contract asset - Short term | 919 |  |  | 2,736 |
Contract liabilities - Short term | 4,223 |  |  | 11,107 |
Schedule of Bad Debt Reserve | The following is a rollforward of the Company's allowances for bad debts for the six months ended June 30, 2020:
(DOLLARS IN THOUSANDS) | Allowances for Bad Debts
Balance at December 31, 2019 | $ | 16,428 |
Bad debt expense | 5,728 |
Write-offs | (24) |
Foreign exchange | (1,076) |
Balance at June 30, 2020 | $ | 21,056 |

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