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Segment Information
 9 Months Ended
Sep. 30, 2014
Segment Information [Abstract]  
Segment Information
4.Segment Information

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

(In thousands)
 
Flavors & Fragrances
  
 
Color
  
Corporate
& Other
  
 
Consolidated
 
Three months ended September 30, 2014:
        
Revenue from external customers
 
$
206,474
  
$
121,856
  
$
36,174
  
$
364,504
 
Intersegment revenue
  
9,028
   
5,986
   
27
   
15,041
 
Total revenue
 
$
215,502
  
$
127,842
  
$
36,201
  
$
379,545
 
                 
Operating income (loss)
 
$
30,169
  
$
29,100
  
$
(23,175
)
 
$
36,094
 
Interest expense
  
-
   
-
   
4,016
   
4,016
 
Earnings (loss) before income taxes
 
$
30,169
  
$
29,100
  
$
(27,191
)
 
$
32,078
 
                 
Three months ended September 30, 2013:
                
Revenue from external customers
 
$
216,076
  
$
118,209
  
$
36,172
  
$
370,457
 
Intersegment revenue
  
8,926
   
5,848
   
20
   
14,794
 
Total revenue
 
$
225,002
  
$
124,057
  
$
36,192
  
$
385,251
 
                 
Operating income (loss)
 
$
31,205
  
$
27,902
  
$
(9,980
)
 
$
49,127
 
Interest expense
  
-
   
-
   
4,048
   
4,048
 
Earnings (loss) before income taxes
 
$
31,205
  
$
27,902
  
$
(14,028
)
 
$
45,079
 

(In thousands)
 
Flavors & Fragrances
  
 
Color
  
Corporate
& Other
  
 
Consolidated
 
Nine months ended September 30, 2014:
        
Revenue from external customers
 
$
618,555
  
$
376,050
  
$
110,397
  
$
1,105,002
 
Intersegment revenue
  
26,518
   
16,356
   
138
   
43,012
 
Total revenue
 
$
645,073
  
$
392,406
  
$
110,535
  
$
1,148,014
 
                 
Operating income (loss)
 
$
93,662
  
$
89,960
  
$
(89,198
)
 
$
94,424
 
Interest expense
  
-
   
-
   
11,866
   
11,866
 
Earnings (loss) before income taxes
 
$
93,662
  
$
89,960
  
$
(101,064
)
 
$
82,558
 
                 
Nine months ended September 30, 2013:
                
Revenue from external customers
 
$
641,387
  
$
361,966
  
$
108,653
  
$
1,112,006
 
Intersegment revenue
  
26,082
   
16,904
   
68
   
43,054
 
Total revenue
 
$
667,469
  
$
378,870
  
$
108,721
  
$
1,155,060
 
                 
Operating income (loss)
 
$
91,595
  
$
83,758
  
$
(40,469
)
 
$
134,884
 
Interest expense
  
-
   
-
   
12,317
   
12,317
 
Earnings (loss) before income taxes
 
$
91,595
  
$
83,758
  
$
(52,786
)
 
$
122,567
 
 
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 segment, and the results of operations for the Company’s pharmaceutical flavors business, previously reported in the Flavors & Fragrances segment, are reported in the Color segment with the pharmaceutical colors business. Results for 2013 have been restated to reflect these changes. 
 
During the quarter ended September 30, 2014, one of the business units in the Color segment met the criteria to be presented as a discontinued operation and is classified accordingly in the Company’s Consolidated Condensed Statement of Earnings for all reported periods. See Note 12 Discontinued Operations for additional information.  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 related to continuing operations are reported in the Corporate & Other segment.