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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Information [Abstract] |
Segment Information | Operating results by segment for the periods presented are as follows:
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Three months ended September 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 179,687 |  |  | $ | 113,139 |  |  | $ | 30,740 |  |  | $ | - |  |  | $ | 323,566 |
Intersegment revenue |  |  | 3,179 |  |  |  | 3,275 |  |  |  | - |  |  |  | - |  |  |  | 6,454 |
Total revenue |  | $ | 182,866 |  |  | $ | 116,414 |  |  | $ | 30,740 |  |  | $ | - |  |  | $ | 330,020 |
Operating income (loss) |  | $ | 23,844 |  |  | $ | 23,559 |  |  | $ | 6,123 |  |  | $ | (12,371 | ) |  | $ | 41,155 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,497 |  |  |  | 3,497 |
Earnings (loss) before income taxes |  | $ | 23,844 |  |  | $ | 23,559 |  |  | $ | 6,123 |  |  | $ | (15,868 | ) |  | $ | 37,658 |
Three months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 163,870 |  |  | $ | 123,710 |  |  | $ | 30,070 |  |  | $ | - |  |  | $ | 317,650 |
Intersegment revenue |  |  | 3,707 |  |  |  | 3,295 |  |  |  | 55 |  |  |  | - |  |  |  | 7,057 |
Total revenue |  | $ | 167,577 |  |  | $ | 127,005 |  |  | $ | 30,125 |  |  | $ | - |  |  | $ | 324,707 |
Operating income (loss) |  | $ | 17,600 |  |  | $ | 23,436 |  |  | $ | 5,406 |  |  | $ | (7,654 | ) |  | $ | 38,788 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,936 |  |  |  | 4,936 |
Earnings (loss) before income taxes |  | $ | 17,600 |  |  | $ | 23,436 |  |  | $ | 5,406 |  |  | $ | (12,590 | ) |  | $ | 33,852 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Nine months ended September 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 539,304 |  |  | $ | 369,211 |  |  | $ | 88,818 |  |  | $ | - |  |  | $ | 997,333 |
Intersegment revenue |  |  | 13,671 |  |  |  | 11,994 |  |  |  | 244 |  |  |  | - |  |  |  | 25,909 |
Total revenue |  | $ | 552,975 |  |  | $ | 381,205 |  |  | $ | 89,062 |  |  | $ | - |  |  | $ | 1,023,242 |
Operating income (loss) |  | $ | 67,467 |  |  | $ | 75,486 |  |  | $ | 16,031 |  |  | $ | (41,143 | ) |  | $ | 117,841 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 11,412 |  |  |  | 11,412 |
Earnings (loss) before income taxes |  | $ | 67,467 |  |  | $ | 75,486 |  |  | $ | 16,031 |  |  | $ | (52,555 | ) |  | $ | 106,429 |
Nine months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 517,148 |  |  | $ | 399,610 |  |  | $ | 87,591 |  |  | $ | - |  |  | $ | 1,004,349 |
Intersegment revenue |  |  | 14,116 |  |  |  | 10,186 |  |  |  | 55 |  |  |  | - |  |  |  | 24,357 |
Total revenue |  | $ | 531,264 |  |  | $ | 409,796 |  |  | $ | 87,646 |  |  | $ | - |  |  | $ | 1,028,706 |
Operating income (loss) |  | $ | 60,775 |  |  | $ | 81,512 |  |  | $ | 13,825 |  |  | $ | (20,536 | ) |  | $ | 135,576 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 15,538 |  |  |  | 15,538 |
Earnings (loss) before income taxes |  | $ | 60,775 |  |  | $ | 81,512 |  |  | $ | 13,825 |  |  | $ | (36,074 | ) |  | $ | 120,038 |
Product Information | Product Lines
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended September 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 98,952 |  |  | $ | - |  |  | $ | - |  |  | $ | 98,952 |
Natural Ingredients |  |  | 60,937 |  |  |  | - |  |  |  | - |  |  |  | 60,937 |
Fragrances |  |  | 19,890 |  |  |  | - |  |  |  | - |  |  |  | 19,890 |
Yogurt Fruit Preparations |  |  | 3,087 |  |  |  | - |  |  |  | - |  |  |  | 3,087 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 83,406 |  |  |  | - |  |  |  | 83,406 |
Personal Care |  |  | - |  |  |  | 32,495 |  |  |  | - |  |  |  | 32,495 |
Inks |  |  | - |  |  |  | 513 |  |  |  | - |  |  |  | 513 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 30,740 |  |  |  | 30,740 |
Intersegment Revenue |  |  | (3,179 | ) |  |  | (3,275 | ) |  |  | - |  |  |  | (6,454 | )
Total revenue from external customers |  | $ | 179,687 |  |  | $ | 113,139 |  |  | $ | 30,740 |  |  | $ | 323,566 |
Three months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 88,404 |  |  | $ | - |  |  | $ | - |  |  | $ | 88,404 |
Natural Ingredients |  |  | 53,220 |  |  |  | - |  |  |  | - |  |  |  | 53,220 |
Fragrances |  |  | 21,395 |  |  |  | - |  |  |  | - |  |  |  | 21,395 |
Yogurt Fruit Preparations |  |  | 4,558 |  |  |  | - |  |  |  | - |  |  |  | 4,558 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 81,805 |  |  |  | - |  |  |  | 81,805 |
Personal Care |  |  | - |  |  |  | 37,276 |  |  |  | - |  |  |  | 37,276 |
Inks |  |  | - |  |  |  | 7,924 |  |  |  | - |  |  |  | 7,924 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 30,125 |  |  |  | 30,125 |
Intersegment Revenue |  |  | (3,707 | ) |  |  | (3,295 | ) |  |  | (55 | ) |  |  | (7,057 | )
Total revenue from external customers |  | $ | 163,870 |  |  | $ | 123,710 |  |  | $ | 30,070 |  |  | $ | 317,650 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Nine months ended September 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 302,047 |  |  | $ | - |  |  | $ | - |  |  | $ | 302,047 |
Natural Ingredients |  |  | 175,764 |  |  |  | - |  |  |  | - |  |  |  | 175,764 |
Fragrances |  |  | 63,251 |  |  |  | - |  |  |  | - |  |  |  | 63,251 |
Yogurt Fruit Preparations |  |  | 11,913 |  |  |  | - |  |  |  | - |  |  |  | 11,913 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 261,024 |  |  |  | - |  |  |  | 261,024 |
Personal Care |  |  | - |  |  |  | 107,333 |  |  |  | - |  |  |  | 107,333 |
Inks |  |  | - |  |  |  | 12,848 |  |  |  | - |  |  |  | 12,848 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 89,062 |  |  |  | 89,062 |
Intersegment Revenue |  |  | (13,671 | ) |  |  | (11,994 | ) |  |  | (244 | ) |  |  | (25,909 | )
Total revenue from external customers |  | $ | 539,304 |  |  | $ | 369,211 |  |  | $ | 88,818 |  |  | $ | 997,333 |
Nine months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 292,347 |  |  | $ | - |  |  | $ | - |  |  | $ | 292,347 |
Natural Ingredients |  |  | 156,864 |  |  |  | - |  |  |  | - |  |  |  | 156,864 |
Fragrances |  |  | 65,828 |  |  |  | - |  |  |  | - |  |  |  | 65,828 |
Yogurt Fruit Preparations |  |  | 16,225 |  |  |  | - |  |  |  | - |  |  |  | 16,225 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 259,249 |  |  |  | - |  |  |  | 259,249 |
Personal Care |  |  | - |  |  |  | 123,595 |  |  |  | - |  |  |  | 123,595 |
Inks |  |  | - |  |  |  | 26,952 |  |  |  | - |  |  |  | 26,952 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 87,646 |  |  |  | 87,646 |
Intersegment Revenue |  |  | (14,116 | ) |  |  | (10,186 | ) |  |  | (55 | ) |  |  | (24,357 | )
Total revenue from external customers |  | $ | 517,148 |  |  | $ | 399,610 |  |  | $ | 87,591 |  |  | $ | 1,004,349 |
Geographical Information | Geographic Markets
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended September 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 124,125 |  |  | $ | 61,937 |  |  | $ | 48 |  |  | $ | 186,110 |
Europe |  |  | 37,257 |  |  |  | 24,953 |  |  |  | 11 |  |  |  | 62,221 |
Asia Pacific |  |  | 7,905 |  |  |  | 10,926 |  |  |  | 29,489 |  |  |  | 48,320 |
Other |  |  | 10,400 |  |  |  | 15,323 |  |  |  | 1,192 |  |  |  | 26,915 |
Total revenue from external customers |  | $ | 179,687 |  |  | $ | 113,139 |  |  | $ | 30,740 |  |  | $ | 323,566 |
Three months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 109,659 |  |  | $ | 60,801 |  |  | $ | 25 |  |  | $ | 170,485 |
Europe |  |  | 35,964 |  |  |  | 33,027 |  |  |  | 132 |  |  |  | 69,123 |
Asia Pacific |  |  | 7,002 |  |  |  | 12,903 |  |  |  | 29,731 |  |  |  | 49,636 |
Other |  |  | 11,245 |  |  |  | 16,979 |  |  |  | 182 |  |  |  | 28,406 |
Total revenue from external customers |  | $ | 163,870 |  |  | $ | 123,710 |  |  | $ | 30,070 |  |  | $ | 317,650 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Nine months ended September 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 361,653 |  |  | $ | 189,572 |  |  | $ | 48 |  |  | $ | 551,273 |
Europe |  |  | 120,406 |  |  |  | 88,941 |  |  |  | 78 |  |  |  | 209,425 |
Asia Pacific |  |  | 25,363 |  |  |  | 43,096 |  |  |  | 85,746 |  |  |  | 154,205 |
Other |  |  | 31,882 |  |  |  | 47,602 |  |  |  | 2,946 |  |  |  | 82,430 |
Total revenue from external customers |  | $ | 539,304 |  |  | $ | 369,211 |  |  | $ | 88,818 |  |  | $ | 997,333 |
Nine months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 335,521 |  |  | $ | 192,109 |  |  | $ | 87 |  |  | $ | 527,717 |
Europe |  |  | 125,288 |  |  |  | 113,844 |  |  |  | 280 |  |  |  | 239,412 |
Asia Pacific |  |  | 24,041 |  |  |  | 44,440 |  |  |  | 86,719 |  |  |  | 155,200 |
Other |  |  | 32,298 |  |  |  | 49,217 |  |  |  | 505 |  |  |  | 82,020 |
Total revenue from external customers |  | $ | 517,148 |  |  | $ | 399,610 |  |  | $ | 87,591 |  |  | $ | 1,004,349 |

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