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Segment Information
 6 Months Ended
Jun. 30, 2020
Segment Information [Abstract]  
Segment Information
7.
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
  

The Company evaluates performance based on operating income before divestiture and other related costs, restructuring and other charges, interest expense, and income taxes (segment operating income). Total revenue and segment operating income by business segment and geographic region include both sales to customers, as reported in the Company’s Consolidated Condensed Statements of Earnings, and intersegment sales, which are accounted for at prices that approximate market prices and are eliminated in consolidation. The 2020 divestiture and other related costs, which pertain to the divestiture of the Company’s inks product line, and the anticipated divestitures of the Company’s fragrances (excluding its essential oils product line) and yogurt fruit preparations product lines, are reported in Corporate & Other. There were no divestiture and other related costs or restructuring and other costs in the first six months of 2019.

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 tables display the Company’s revenue by these major sources.

During the first quarter of 2020, the Company updated its product line disclosures as a result of its previous announcement regarding its intent to divest its inks, fragrances (excluding its essential oils product line), and yogurt fruit preparations product lines.

Flavors, Extracts & Flavor Ingredients now includes essential oils, which was previously reported in Fragrances. Fragrances now only includes the aroma chemicals and fragrance compounds product lines. Yogurt Fruit Preparations is now disclosed separately; previously it was reported in the Flavors product line.

Food & Beverage Colors now includes pharmaceutical colors and natural extraction, which were previously reported in Other Colors. Personal Care includes cosmetic and non-food colors. Inks is now disclosed separately; previously it was reported in Other Colors.

The results for 2019 have been restated to reflect these changes.

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
  


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