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, 2018:
Revenue from external customers	$	179,103		$	132,187	$	31,275	$	169		$	342,734
Intersegment revenue		5,294			2,774		-		-			8,068
Total revenue	$	184,397		$	134,961	$	31,275	$	169		$	350,802

Operating income (loss)	$	24,814		$	27,269	$	5,750	$	(7,569	)	$	50,264
Interest expense		-			-		-		5,407			5,407
Earnings (loss) before income taxes	$	24,814		$	27,269	$	5,750	$	(12,976	)	$	44,857

Three months ended September 30, 2017:
Revenue from external customers	$	191,063		$	129,899	$	32,557	$	-		$	353,519
Intersegment revenue		4,929			3,324		151		-			8,404
Total revenue	$	195,992	1	$	133,223	$	32,708	$	-		$	361,923

Operating income (loss)	$	33,006		$	28,624	$	5,780	$	(15,400	)	$	52,010
Interest expense		-			-		-		4,946			4,946
Earnings (loss) before income taxes	$	33,006		$	28,624	$	5,780	$	(20,346	)	$	47,064

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other			Consolidated
Nine months ended September 30, 2018:
Revenue from external customers	$	553,403	$	416,617	$	92,063	$	169		$	1,062,252
Intersegment revenue		17,998		9,795		-		-			27,793
Total revenue	$	571,401	$	426,412	$	92,063	$	169		$	1,090,045

Operating income (loss)	$	74,142	$	92,074	$	15,256	$	(23,346	)	$	158,126
Interest expense		-		-		-		16,517			16,517
Earnings (loss) before income taxes	$	74,142	$	92,074	$	15,256	$	(39,863	)	$	141,609

Nine months ended September 30, 2017:
Revenue from external customers	$	552,874	$	389,992	$	90,525	$	-		$	1,033,391
Intersegment revenue		15,549		10,191		764		-			26,504
Total revenue	$	568,423	$	400,183	$	91,289	$	-		$	1,059,895

Operating income (loss)	$	90,278	$	87,913	$	14,750	$	(72,514	)	$	120,427
Interest expense		-		-		-		14,474			14,474
Earnings (loss) before income taxes	$	90,278	$	87,913	$	14,750	$	(86,988	)	$	105,953

In July 2018, the Company completed the acquisition of Mazza Innovation Limited (See Note 2, Acquisitions, for further information). This acquisition provides the Company with an umbrella technology, which will support applications for both the Flavors & Fragrances and Color segments. The Company is in the process of integrating this business, and therefore, the Company has included its results in Corporate & Other. The Company evaluates performance based on operating income of the respective segments before restructuring and other costs, interest expense, and income taxes. The 2017 restructuring and other costs are reported in Corporate & Other. The 2017 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. There have been no restructuring and other costs in 2018.

In addition to evaluating the Company’s performance based on the segments above, revenue is also disaggregated and analyzed by product line and geographic market. The following table displays our revenue by these major sources.

Product Lines

(In thousands)	Flavors & Fragrances			Color			Asia Pacific			Corporate & Other		Consolidated
Three months ended September 30, 2018:
Flavors	$	98,060		$	-		$	-		$	-	$	98,060
Natural Ingredients		58,140			-			-			-		58,140
Fragrances		28,197			-			-			-		28,197
Food & Beverage Colors		-			76,524			-			-		76,524
Cosmetics		-			35,466			-			-		35,466
Other Colors		-			22,971			-			-		22,971
Asia Pacific		-			-			31,275			-		31,275
Corporate & Other		-			-			-			169		169
Intersegment Revenue		(5,294	)		(2,774	)		-			-		(8,068	)
Total revenue from external customers	$	179,103		$	132,187		$	31,275		$	169	$	342,734

Three months ended September 30, 2017:
Flavors	$	113,215		$	-		$	-		$	-	$	113,215
Natural Ingredients		59,851			-			-			-		59,851
Fragrances		22,926			-			-			-		22,926
Food & Beverage Colors		-			70,858			-			-		70,858
Cosmetics		-			38,729			-			-		38,729
Other Colors		-			23,636			-			-		23,636
Asia Pacific		-			-			32,708			-		32,708
Intersegment Revenue		(4,929	)		(3,324	)		(151	)		-		(8,404	)
Total revenue from external customers	$	191,063		$	129,899		$	32,557		$	-	$	353,519

Product Lines

(In thousands)	Flavors & Fragrances			Color			Asia Pacific			Corporate & Other		Consolidated
Nine months ended September 30, 2018:
Flavors	$	322,333		$	-		$	-		$	-	$	322,333
Natural Ingredients		167,538			-			-			-		167,538
Fragrances		81,530			-			-			-		81,530
Food & Beverage Colors		-			230,807			-			-		230,807
Cosmetics		-			121,697			-			-		121,697
Other Colors		-			73,908			-			-		73,908
Asia Pacific		-			-			92,063			-		92,063
Corporate & Other		-			-			-			169		169
Intersegment Revenue		(17,998	)		(9,795	)		-			-		(27,793	)
Total revenue from external customers	$	553,403		$	416,617		$	92,063		$	169	$	1,062,252

Nine months ended September 30, 2017:
Flavors	$	342,367		$	-		$	-		$	-	$	342,367
Natural Ingredients		162,371			-			-			-		162,371
Fragrances		63,685			-			-			-		63,685
Food & Beverage Colors		-			212,741			-			-		212,741
Cosmetics		-			113,077			-			-		113,077
Other Colors		-			74,365			-			-		74,365
Asia Pacific		-			-			91,289			-		91,289
Intersegment Revenue		(15,549	)		(10,191	)		(764	)		-		(26,504	)
Total revenue from external customers	$	552,874		$	389,992		$	90,525		$	-	$	1,033,391

Geographic Markets

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other		Consolidated
Three months ended September 30, 2018:
North America	$	118,690	$	63,850	$	-	$	95	$	182,635
Europe		42,866		34,854		81		74		77,875
Asia Pacific		7,053		15,910		31,032		-		53,995
Other		10,494		17,573		162		-		28,229
Total revenue from external customers	$	179,103	$	132,187	$	31,275	$	169	$	342,734

Three months ended September 30, 2017:
North America	$	131,632	$	59,579	$	-	$	-	$	191,211
Europe		40,891		38,686		178		-		79,755
Asia Pacific		7,042		13,357		31,937		-		52,336
Other		11,498		18,277		442		-		30,217
Total revenue from external customers	$	191,063	$	129,899	$	32,557	$	-	$	353,519

Geographic Markets

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other		Consolidated
Nine months ended September 30, 2018:
North America	$	364,941	$	191,170	$	-	$	95	$	556,206
Europe		133,257		119,612		111		74		253,054
Asia Pacific		23,144		50,461		91,327		-		164,932
Other		32,061		55,374		625		-		88,060
Total revenue from external customers	$	553,403	$	416,617	$	92,063	$	169	$	1,062,252

Nine months ended September 30, 2017:
North America	$	375,481	$	180,616	$	-	$	-	$	556,097
Europe		125,812		112,796		303		-		238,911
Asia Pacific		20,164		43,158		89,229		-		152,551
Other		31,417		53,422		993		-		85,832
Total revenue from external customers	$	552,874	$	389,992	$	90,525	$	-	$	1,033,391