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Segment Information
 9 Months Ended
Sep. 30, 2016
Segment Information [Abstract]  
Segment Information
3.
Segment Information

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

(In thousands)
 
Flavors &
Fragrances
  
Color
  
Asia
Pacific
  
Corporate
 & Other
  
Consolidated
 
Three months ended September 30, 2016:
               
Revenue from external customers
 
$
194,845
  
$
121,424
  
$
33,393
  
$
-
  
$
349,662
 
Intersegment revenue
  
5,818
   
4,021
   
51
   
-
   
9,890
 
Total revenue
 
$
200,663
  
$
125,445
  
$
33,444
  
$
-
  
$
359,552
 
                     
Operating income (loss)
 
$
32,280
  
$
26,295
  
$
6,584
  
$
(14,008
)
 
$
51,151
 
Interest expense
  
-
   
-
   
-
   
4,584
   
4,584
 
Earnings (loss) before income taxes
 
$
32,280
  
$
26,295
  
$
6,584
  
$
(18,592
)
 
$
46,567
 
                     
Three months ended September 30, 2015:
                    
Revenue from external customers
 
$
201,049
  
$
115,146
  
$
28,338
  
$
-
  
$
344,533
 
Intersegment revenue
  
6,324
   
3,322
   
35
   
-
   
9,681
 
Total revenue
 
$
207,373
  
$
118,468
  
$
28,373
  
$
-
  
$
354,214
 
                     
Operating income (loss)
 
$
31,369
  
$
23,181
  
$
5,703
  
$
(17,033
)
 
$
43,220
 
Interest expense
  
-
   
-
   
-
   
4,295
   
4,295
 
Earnings (loss) before income taxes
 
$
31,369
  
$
23,181
  
$
5,703
  
$
(21,328
)
 
$
38,925
 
 
(In thousands)
 
Flavors &
Fragrances
  
Color
  
Asia
Pacific
  
Corporate
& Other
  
Consolidated
 
Nine months ended September 30, 2016:
               
Revenue from external customers
 
$
586,955
  
$
371,166
  
$
94,845
  
$
-
  
$
1,052,966
 
Intersegment revenue
  
21,374
   
11,909
   
129
   
-
   
33,412
 
Total revenue
 
$
608,329
  
$
383,075
  
$
94,974
  
$
-
  
$
1,086,378
 
                     
Operating income (loss)
 
$
95,097
  
$
82,143
  
$
18,701
  
$
(53,606
)
 
$
142,335
 
Interest expense
  
-
   
-
   
-
   
14,021
   
14,021
 
Earnings (loss) before income taxes
 
$
95,097
  
$
82,143
  
$
18,701
  
$
(67,627
)
 
$
128,314
 
                     
Nine months ended September 30, 2015:
                    
Revenue from external customers
 
$
598,226
  
$
351,737
  
$
86,805
  
$
-
  
$
1,036,768
 
Intersegment revenue
  
19,757
   
10,779
   
120
   
-
   
30,656
 
Total revenue
 
$
617,983
  
$
362,516
  
$
86,925
  
$
-
  
$
1,067,424
 
                     
Operating income (loss)
 
$
94,354
  
$
74,972
  
$
17,448
  
$
(52,041
)
 
$
134,733
 
Interest expense
  
-
   
-
   
-
   
12,316
   
12,316
 
Earnings (loss) before income taxes
 
$
94,354
  
$
74,972
  
$
17,448
  
$
(64,357
)
 
$
122,417
 
 
Beginning in the first quarter of 2016, the results of operations for the Company’s color business in China, South Korea and Japan, previously reported in the Asia Pacific segment, are now reported in the Color segment. The results for 2015 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 2016 and 2015 restructuring and other costs related to continuing operations are reported in the Corporate & Other segment. See Note 10, Restructuring, for more information on the Company’s restructuring activities. The other costs in 2016 pertain to the costs associated with the Company’s anticipated divestiture, see Note 12, Anticipated Divestiture, and the other costs in 2015 are acquisition related costs.