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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
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, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 178,430 |  |  | $ | 116,879 |  |  | $ | 27,781 |  |  | $ | - |  |  | $ | 323,090 |
Intersegment revenue |  |  | 5,181 |  |  |  | 4,417 |  |  |  | 92 |  |  |  | - |  |  |  | 9,690 |
Total revenue |  | $ | 183,611 |  |  | $ | 121,296 |  |  | $ | 27,873 |  |  | $ | - |  |  | $ | 332,780 |
Operating income (loss) |  | $ | 22,752 |  |  | $ | 22,263 |  |  | $ | 4,849 |  |  | $ | (7,739 | ) |  | $ | 42,125 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,608 |  |  |  | 3,608 |
Earnings (loss) before income taxes |  | $ | 22,752 |  |  | $ | 22,263 |  |  | $ | 4,849 |  |  | $ | (11,347 | ) |  | $ | 38,517 |
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 |
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Six months ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 359,617 |  |  | $ | 256,072 |  |  | $ | 58,078 |  |  | $ | - |  |  | $ | 673,767 |
Intersegment revenue |  |  | 10,492 |  |  |  | 8,719 |  |  |  | 244 |  |  |  | - |  |  |  | 19,455 |
Total revenue |  | $ | 370,109 |  |  | $ | 264,791 |  |  | $ | 58,322 |  |  | $ | - |  |  | $ | 693,222 |
Operating income (loss) |  | $ | 43,623 |  |  | $ | 51,927 |  |  | $ | 9,908 |  |  | $ | (28,772 | ) |  | $ | 76,686 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,915 |  |  |  | 7,915 |
Earnings (loss) before income taxes |  | $ | 43,623 |  |  | $ | 51,927 |  |  | $ | 9,908 |  |  | $ | (36,687 | ) |  | $ | 68,771 |
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 |
Product Information | Product Lines
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 101,642 |  |  | $ | - |  |  | $ | - |  |  | $ | 101,642 |
Natural Ingredients |  |  | 57,227 |  |  |  | - |  |  |  | - |  |  |  | 57,227 |
Fragrances |  |  | 21,077 |  |  |  | - |  |  |  | - |  |  |  | 21,077 |
Yogurt Fruit Preparations |  |  | 3,665 |  |  |  | - |  |  |  | - |  |  |  | 3,665 |
Food & Beverage Colors |  |  | - |  |  |  | 86,825 |  |  |  | - |  |  |  | 86,825 |
Personal Care |  |  | - |  |  |  | 31,095 |  |  |  | - |  |  |  | 31,095 |
Inks |  |  | - |  |  |  | 3,376 |  |  |  | - |  |  |  | 3,376 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 27,873 |  |  |  | 27,873 |
Intersegment Revenue |  |  | (5,181 | ) |  |  | (4,417 | ) |  |  | (92 | ) |  |  | (9,690 | )
Total revenue from external customers |  | $ | 178,430 |  |  | $ | 116,879 |  |  | $ | 27,781 |  |  | $ | 323,090 |
Three months ended June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 100,415 |  |  | $ | - |  |  | $ | - |  |  | $ | 100,415 |
Natural Ingredients |  |  | 52,425 |  |  |  | - |  |  |  | - |  |  |  | 52,425 |
Fragrances |  |  | 21,166 |  |  |  | - |  |  |  | - |  |  |  | 21,166 |
Yogurt Fruit Preparations |  |  | 6,128 |  |  |  | - |  |  |  | - |  |  |  | 6,128 |
Food & Beverage Colors |  |  | - |  |  |  | 88,596 |  |  |  | - |  |  |  | 88,596 |
Personal Care |  |  | - |  |  |  | 41,398 |  |  |  | - |  |  |  | 41,398 |
Inks |  |  | - |  |  |  | 8,918 |  |  |  | - |  |  |  | 8,918 |
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 |
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 203,095 |  |  | $ | - |  |  | $ | - |  |  | $ | 203,095 |
Natural Ingredients |  |  | 114,827 |  |  |  | - |  |  |  | - |  |  |  | 114,827 |
Fragrances |  |  | 43,361 |  |  |  | - |  |  |  | - |  |  |  | 43,361 |
Yogurt Fruit Preparations |  |  | 8,826 |  |  |  | - |  |  |  | - |  |  |  | 8,826 |
Food & Beverage Colors |  |  | - |  |  |  | 177,618 |  |  |  | - |  |  |  | 177,618 |
Personal Care |  |  | - |  |  |  | 74,838 |  |  |  | - |  |  |  | 74,838 |
Inks |  |  | - |  |  |  | 12,335 |  |  |  | - |  |  |  | 12,335 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 58,322 |  |  |  | 58,322 |
Intersegment Revenue |  |  | (10,492 | ) |  |  | (8,719 | ) |  |  | (244 | ) |  |  | (19,455 | )
Total revenue from external customers |  | $ | 359,617 |  |  | $ | 256,072 |  |  | $ | 58,078 |  |  | $ | 673,767 |
Six months ended June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 203,943 |  |  | $ | - |  |  | $ | - |  |  | $ | 203,943 |
Natural Ingredients |  |  | 103,644 |  |  |  | - |  |  |  | - |  |  |  | 103,644 |
Fragrances |  |  | 44,433 |  |  |  | - |  |  |  | - |  |  |  | 44,433 |
Yogurt Fruit Preparations |  |  | 11,667 |  |  |  | - |  |  |  | - |  |  |  | 11,667 |
Food & Beverage Colors |  |  | - |  |  |  | 177,444 |  |  |  | - |  |  |  | 177,444 |
Personal Care |  |  | - |  |  |  | 86,319 |  |  |  | - |  |  |  | 86,319 |
Inks |  |  | - |  |  |  | 19,028 |  |  |  | - |  |  |  | 19,028 |
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 |
Geographical Information | Geographic Markets
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 120,827 |  |  | $ | 61,370 |  |  | $ | - |  |  | $ | 182,197 |
Europe |  |  | 39,272 |  |  |  | 25,250 |  |  |  | 45 |  |  |  | 64,567 |
Asia Pacific |  |  | 8,103 |  |  |  | 16,195 |  |  |  | 27,135 |  |  |  | 51,433 |
Other |  |  | 10,228 |  |  |  | 14,064 |  |  |  | 601 |  |  |  | 24,893 |
Total revenue from external customers |  | $ | 178,430 |  |  | $ | 116,879 |  |  | $ | 27,781 |  |  | $ | 323,090 |
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 |
(In thousands) |  | Flavors & Fragrances |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 237,528 |  |  | $ | 127,635 |  |  | $ | - |  |  | $ | 365,163 |
Europe |  |  | 83,149 |  |  |  | 63,988 |  |  |  | 67 |  |  |  | 147,204 |
Asia Pacific |  |  | 17,458 |  |  |  | 32,170 |  |  |  | 56,257 |  |  |  | 105,885 |
Other |  |  | 21,482 |  |  |  | 32,279 |  |  |  | 1,754 |  |  |  | 55,515 |
Total revenue from external customers |  | $ | 359,617 |  |  | $ | 256,072 |  |  | $ | 58,078 |  |  | $ | 673,767 |
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 |

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