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Segment Information
 6 Months Ended
Jun. 30, 2017
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 June 30, 2017:
               
Revenue from external customers
 
$
180,736
  
$
129,253
  
$
28,486
  
$
-
  
$
338,475
 
Intersegment revenue
  
4,820
   
3,641
   
459
   
-
   
8,920
 
Total revenue
 
$
185,556
  
$
132,894
  
$
28,945
  
$
-
  
$
347,395
 
                     
Operating income (loss)
 
$
28,502
  
$
29,072
  
$
3,820
  
$
(17,014
)
 
$
44,380
 
Interest expense
  
-
   
-
   
-
   
4,717
   
4,717
 
Earnings (loss) before income taxes
 
$
28,502
  
$
29,072
  
$
3,820
  
$
(21,731
)
 
$
39,663
 
                     
Three months ended June 30, 2016:
                    
Revenue from external customers
 
$
202,273
  
$
128,478
  
$
30,085
  
$
-
  
$
360,836
 
Intersegment revenue
  
7,215
   
3,723
   
38
   
-
   
10,976
 
Total revenue
 
$
209,488
  
$
132,201
  
$
30,123
  
$
-
  
$
371,812
 
                     
Operating income (loss)
 
$
35,461
  
$
28,309
  
$
5,653
  
$
(25,758
)
 
$
43,665
 
Interest expense
  
-
   
-
   
-
   
4,637
   
4,637
 
Earnings (loss) before income taxes
 
$
35,461
  
$
28,309
  
$
5,653
  
$
(30,395
)
 
$
39,028
 
 
(In thousands)
 
Flavors &
Fragrances
  
Color
  
Asia
Pacific
  
Corporate
& Other
  
Consolidated
 
Six months ended June 30, 2017:
                    
Revenue from external customers
 
$
361,811
  
$
260,093
  
$
57,968
  
$
-
  
$
679,872
 
Intersegment revenue
  
10,620
   
6,867
   
613
   
-
   
18,100
 
Total revenue
 
$
372,431
  
$
266,960
  
$
58,581
  
$
-
  
$
697,972
 
                     
Operating income (loss)
 
$
57,272
  
$
59,289
  
$
8,970
  
$
(57,114
)
 
$
68,417
 
Interest expense
  
-
   
-
   
-
   
9,528
   
9,528
 
Earnings (loss) before income taxes
 
$
57,272
  
$
59,289
  
$
8,970
  
$
(66,642
)
 
$
58,889
 
                     
Six months ended June 30, 2016:
                    
Revenue from external customers
 
$
393,410
  
$
251,642
  
$
58,252
  
$
-
  
$
703,304
 
Intersegment revenue
  
14,562
   
7,041
   
78
   
-
   
21,681
 
Total revenue
 
$
407,972
  
$
258,683
  
$
58,330
  
$
-
  
$
724,985
 
                     
Operating income (loss)
 
$
63,108
  
$
56,425
  
$
11,249
  
$
(39,598
)
 
$
91,184
 
Interest expense
  
-
   
-
   
-
   
9,437
   
9,437
 
Earnings (loss) before income taxes
 
$
63,108
  
$
56,425
  
$
11,249
  
$
(49,035
)
 
$
81,747
 
 
Beginning in the first quarter of 2017, the results of operations for certain of the Company’s cosmetic and fragrance businesses in the Asia Pacific segment are now reported in the Color segment and Flavors & Fragrances segment, respectively. The results for 2016 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 2017 and 2016 restructuring and other costs related to continuing operations are reported in Corporate & Other. See Note 11, Restructuring, for more information on the Company’s restructuring activities. The 2017 and 2016 other costs pertain to the costs associated with the Company’s divestiture of a facility and certain related business lines within the Flavors & Fragrances business in Strasbourg, France. See Note 13, Divestiture.