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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Information [Abstract] |
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, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 174,534 |  |  | $ | 135,650 |  |  | $ | 29,002 |  |  | $ | - |  |  | $ | 339,186 |
Intersegment revenue |  |  | 5,600 |  |  |  | 3,262 |  |  |  | - |  |  |  | - |  |  |  | 8,862 |
Total revenue |  | $ | 180,134 |  |  | $ | 138,912 |  |  | $ | 29,002 |  |  | $ | - |  |  | $ | 348,048 |
Operating income (loss) |  | $ | 20,050 |  |  | $ | 27,877 |  |  | $ | 4,201 |  |  | $ | (4,760 | ) |  | $ | 47,368 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,200 |  |  |  | 5,200 |
Earnings (loss) before income taxes |  | $ | 20,050 |  |  | $ | 27,877 |  |  | $ | 4,201 |  |  | $ | (9,960 | ) |  | $ | 42,168 |
Three months ended June 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 191,818 |  |  | $ | 140,702 |  |  | $ | 30,521 |  |  | $ | - |  |  | $ | 363,041 |
Intersegment revenue |  |  | 6,840 |  |  |  | 3,589 |  |  |  | - |  |  |  | - |  |  |  | 10,429 |
Total revenue |  | $ | 198,658 |  |  | $ | 144,291 |  |  | $ | 30,521 |  |  | $ | - |  |  | $ | 373,470 |
Operating income (loss) |  | $ | 24,001 |  |  | $ | 31,133 |  |  | $ | 4,634 |  |  | $ | (7,587 | ) |  | $ | 52,181 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,555 |  |  |  | 5,555 |
Earnings (loss) before income taxes |  | $ | 24,001 |  |  | $ | 31,133 |  |  | $ | 4,634 |  |  | $ | (13,142 | ) |  | $ | 46,626 |
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Six months ended June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 353,278 |  |  | $ | 275,900 |  |  | $ | 57,521 |  |  | $ | - |  |  | $ | 686,699 |
Intersegment revenue |  |  | 10,409 |  |  |  | 6,891 |  |  |  | - |  |  |  | - |  |  |  | 17,300 |
Total revenue |  | $ | 363,687 |  |  | $ | 282,791 |  |  | $ | 57,521 |  |  | $ | - |  |  | $ | 703,999 |
Operating income (loss) |  | $ | 43,175 |  |  | $ | 58,076 |  |  | $ | 8,419 |  |  | $ | (12,882 | ) |  | $ | 96,788 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10,602 |  |  |  | 10,602 |
Earnings (loss) before income taxes |  | $ | 43,175 |  |  | $ | 58,076 |  |  | $ | 8,419 |  |  | $ | (23,484 | ) |  | $ | 86,186 |
Six months ended June 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 374,300 |  |  | $ | 284,430 |  |  | $ | 60,788 |  |  | $ | - |  |  | $ | 719,518 |
Intersegment revenue |  |  | 12,704 |  |  |  | 7,021 |  |  |  | - |  |  |  | - |  |  |  | 19,725 |
Total revenue |  | $ | 387,004 |  |  | $ | 291,451 |  |  | $ | 60,788 |  |  | $ | - |  |  | $ | 739,243 |
Operating income (loss) |  | $ | 49,328 |  |  | $ | 64,805 |  |  | $ | 9,506 |  |  | $ | (15,777 | ) |  | $ | 107,862 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 11,110 |  |  |  | 11,110 |
Earnings (loss) before income taxes |  | $ | 49,328 |  |  | $ | 64,805 |  |  | $ | 9,506 |  |  | $ | (26,887 | ) |  | $ | 96,752 |
Product Information | Product Lines
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |
Flavors |  | $ | 101,495 |  |  | $ | - |  |  | $ | - |  |  | $ | 101,495 |
Natural Ingredients |  |  | 52,425 |  |  |  | - |  |  |  | - |  |  |  | 52,425 |
Fragrances |  |  | 26,214 |  |  |  | - |  |  |  | - |  |  |  | 26,214 |
Food & Beverage Colors |  |  | - |  |  |  | 79,374 |  |  |  | - |  |  |  | 79,374 |
Cosmetics |  |  | - |  |  |  | 35,855 |  |  |  | - |  |  |  | 35,855 |
Other Colors |  |  | - |  |  |  | 23,683 |  |  |  | - |  |  |  | 23,683 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 29,002 |  |  |  | 29,002 |
Intersegment Revenue |  |  | (5,600 | ) |  |  | (3,262 | ) |  |  | - |  |  |  | (8,862 | )
Total revenue from external customers |  | $ | 174,534 |  |  | $ | 135,650 |  |  | $ | 29,002 |  |  | $ | 339,186 |
Three months ended June 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors |  | $ | 115,222 |  |  | $ | - |  |  | $ | - |  |  | $ | 115,222 |
Natural Ingredients |  |  | 56,197 |  |  |  | - |  |  |  | - |  |  |  | 56,197 |
Fragrances |  |  | 27,239 |  |  |  | - |  |  |  | - |  |  |  | 27,239 |
Food & Beverage Colors |  |  | - |  |  |  | 77,467 |  |  |  | - |  |  |  | 77,467 |
Cosmetics |  |  | - |  |  |  | 40,727 |  |  |  | - |  |  |  | 40,727 |
Other Colors |  |  | - |  |  |  | 26,097 |  |  |  | - |  |  |  | 26,097 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 30,521 |  |  |  | 30,521 |
Intersegment Revenue |  |  | (6,840 | ) |  |  | (3,589 | ) |  |  | - |  |  |  | (10,429 | )
Total revenue from external customers |  | $ | 191,818 |  |  | $ | 140,702 |  |  | $ | 30,521 |  |  | $ | 363,041 |
Product Lines
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |
Flavors |  | $ | 205,771 |  |  | $ | - |  |  | $ | - |  |  | $ | 205,771 |
Natural Ingredients |  |  | 103,644 |  |  |  | - |  |  |  | - |  |  |  | 103,644 |
Fragrances |  |  | 54,272 |  |  |  | - |  |  |  | - |  |  |  | 54,272 |
Food & Beverage Colors |  |  | - |  |  |  | 159,738 |  |  |  | - |  |  |  | 159,738 |
Cosmetics |  |  | - |  |  |  | 74,138 |  |  |  | - |  |  |  | 74,138 |
Other Colors |  |  | - |  |  |  | 48,915 |  |  |  | - |  |  |  | 48,915 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 57,521 |  |  |  | 57,521 |
Intersegment Revenue |  |  | (10,409 | ) |  |  | (6,891 | ) |  |  | - |  |  |  | (17,300 | )
Total revenue from external customers |  | $ | 353,278 |  |  | $ | 275,900 |  |  | $ | 57,521 |  |  | $ | 686,699 |
Six months ended June 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors |  | $ | 224,273 |  |  | $ | - |  |  | $ | - |  |  | $ | 224,273 |
Natural Ingredients |  |  | 109,398 |  |  |  | - |  |  |  | - |  |  |  | 109,398 |
Fragrances |  |  | 53,333 |  |  |  | - |  |  |  | - |  |  |  | 53,333 |
Food & Beverage Colors |  |  | - |  |  |  | 154,283 |  |  |  | - |  |  |  | 154,283 |
Cosmetics |  |  | - |  |  |  | 86,231 |  |  |  | - |  |  |  | 86,231 |
Other Colors |  |  | - |  |  |  | 50,937 |  |  |  | - |  |  |  | 50,937 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 60,788 |  |  |  | 60,788 |
Intersegment Revenue |  |  | (12,704 | ) |  |  | (7,021 | ) |  |  | - |  |  |  | (19,725 | )
Total revenue from external customers |  | $ | 374,300 |  |  | $ | 284,430 |  |  | $ | 60,788 |  |  | $ | 719,518 |
Geographical Information | Geographic Markets
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 113,115 |  |  | $ | 65,301 |  |  | $ | 37 |  |  | $ | 178,453 |
Europe |  |  | 41,323 |  |  |  | 38,682 |  |  |  | 107 |  |  |  | 80,112 |
Asia Pacific |  |  | 9,430 |  |  |  | 15,112 |  |  |  | 28,722 |  |  |  | 53,264 |
Other |  |  | 10,666 |  |  |  | 16,555 |  |  |  | 136 |  |  |  | 27,357 |
Total revenue from external customers |  | $ | 174,534 |  |  | $ | 135,650 |  |  | $ | 29,002 |  |  | $ | 339,186 |
Three months ended June 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 127,196 |  |  | $ | 63,738 |  |  | $ | - |  |  | $ | 190,934 |
Europe |  |  | 44,964 |  |  |  | 41,127 |  |  |  | 24 |  |  |  | 86,115 |
Asia Pacific |  |  | 9,069 |  |  |  | 17,641 |  |  |  | 30,284 |  |  |  | 56,994 |
Other |  |  | 10,589 |  |  |  | 18,196 |  |  |  | 213 |  |  |  | 28,998 |
Total revenue from external customers |  | $ | 191,818 |  |  | $ | 140,702 |  |  | $ | 30,521 |  |  | $ | 363,041 |
Geographic Markets
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 225,862 |  |  | $ | 131,308 |  |  | $ | 62 |  |  | $ | 357,232 |
Europe |  |  | 89,324 |  |  |  | 80,817 |  |  |  | 148 |  |  |  | 170,289 |
Asia Pacific |  |  | 17,039 |  |  |  | 31,537 |  |  |  | 56,988 |  |  |  | 105,564 |
Other |  |  | 21,053 |  |  |  | 32,238 |  |  |  | 323 |  |  |  | 53,614 |
Total revenue from external customers |  | $ | 353,278 |  |  | $ | 275,900 |  |  | $ | 57,521 |  |  | $ | 686,699 |
Six months ended June 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 246,251 |  |  | $ | 127,320 |  |  | $ | - |  |  | $ | 373,571 |
Europe |  |  | 90,391 |  |  |  | 84,758 |  |  |  | 30 |  |  |  | 175,179 |
Asia Pacific |  |  | 16,091 |  |  |  | 34,551 |  |  |  | 60,295 |  |  |  | 110,937 |
Other |  |  | 21,567 |  |  |  | 37,801 |  |  |  | 463 |  |  |  | 59,831 |
Total revenue from external customers |  | $ | 374,300 |  |  | $ | 284,430 |  |  | $ | 60,788 |  |  | $ | 719,518 |

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