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Segment Information
3 Months Ended
Mar. 31, 2014
Segment Information [Abstract]  
Segment Information
3.
Segment Information

Operating results by segment for the periods presented are as follows:

(In thousands)
 
Flavors & Fragrances
  
Color
  
Corporate & Other
  
Consolidated
 
Three months ended March 31, 2014:
 
  
  
  
 
Revenue from external customers
 
$
204,120
  
$
128,669
  
$
35,342
  
$
368,131
 
Intersegment revenue
  
9,259
   
4,969
   
-
   
14,228
 
Total revenue
 
$
213,379
  
$
133,638
  
$
35,342
  
$
382,359
 
 
                
Operating income (loss)
 
$
29,939
  
$
29,407
  
$
(57,767
)
 
$
1,579
 
Interest expense
  
--
   
--
   
4,131
   
4,131
 
Earnings (loss) before income taxes
 
$
29,939
  
$
29,407
  
$
(61,898
)
 
$
(2,552
)
 
                
Three months ended March 31, 2013:
                
Revenue from external customers
 
$
206,996
  
$
123,783
  
$
34,861
  
$
365,640
 
Intersegment revenue
  
8,845
   
5,696
   
15
   
14,556
 
Total revenue
 
$
215,841
  
$
129,479
  
$
34,876
  
$
380,196
 
 
                
Operating income (loss)
 
$
28,406
  
$
26,683
  
$
(18,751
)
 
$
36,338
 
Interest expense
  
--
   
--
   
4,261
   
4,261
 
Earnings (loss) before income taxes
 
$
28,406
  
$
26,683
  
$
(23,012
)
 
$
32,077
 

Beginning in the first quarter of 2014, the results of operations for the Company's fragrances businesses in Asia Pacific and China, previously reported in the Corporate & Other segment, are reported in the Flavors & Fragrances Group, and the results of operations for the Company's pharmaceutical flavors business, previously reported in the Flavors & Fragrances Group, are reported in the Color Group with the pharmaceutical colors business. Results for 2013 have been restated to reflect these changes.

The Company evaluates performance based on operating income of the respective segments before restructuring and other costs, interest expense and income taxes. The 2014 and 2013 restructuring and other costs are included in the Corporate & Other segment.