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Segment Information (Tables)

6 Months Ended

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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- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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