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Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment and Geographic Information [Abstract] |
Segment Information | Divestiture & other related costs and restructuring and other costs, including the operational improvement plan costs, for the years ended December 31, 2020 and 2019, are further described in Note 14, Divestitures, and Note 15, Operational Improvement Plan, and are included in the operating income (loss) results in Corporate & Other below. There were no divestiture & other related costs, restructuring and other costs, or operational improvement plan costs in 2018. In addition, the Company’s corporate expenses and share-based compensation are included in Corporate & Other.
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 724,483 |  |  | $ | 486,536 |  |  | $ | 120,982 |  |  | $ | - |  |  | $ | 1,332,001 |
Intersegment revenue |  |  | 17,552 |  |  |  | 14,482 |  |  |  | 245 |  |  |  | - |  |  |  | 32,279 |
Total revenue |  |  | 742,035 |  |  |  | 501,018 |  |  |  | 121,227 |  |  |  | - |  |  |  | 1,364,280 |
Operating income (loss) |  |  | 90,974 |  |  |  | 96,034 |  |  |  | 22,075 |  |  |  | (56,427 | ) |  |  | 152,656 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14,811 |  |  |  | 14,811 |
Earnings (loss) before income taxes |  |  | 90,974 |  |  |  | 96,034 |  |  |  | 22,075 |  |  |  | (71,238 | ) |  |  | 137,845 |
Assets |  |  | 686,348 |  |  |  | 718,665 |  |  |  | 100,258 |  |  |  | 235,589 |  |  |  | 1,740,860 |
Capital expenditures |  |  | 24,541 |  |  |  | 19,840 |  |  |  | 2,687 |  |  |  | 5,094 |  |  |  | 52,162 |
Depreciation and amortization |  |  | 24,801 |  |  |  | 19,368 |  |  |  | 2,578 |  |  |  | 2,894 |  |  |  | 49,641 |
2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 682,705 |  |  | $ | 522,051 |  |  | $ | 118,178 |  |  | $ | - |  |  | $ | 1,322,934 |
Intersegment revenue |  |  | 17,651 |  |  |  | 13,108 |  |  |  | 70 |  |  |  | - |  |  |  | 30,829 |
Total revenue |  |  | 700,356 |  |  |  | 535,159 |  |  |  | 118,248 |  |  |  | - |  |  |  | 1,353,763 |
Operating income (loss) |  |  | 74,961 |  |  |  | 101,190 |  |  |  | 19,382 |  |  |  | (74,423 | ) |  |  | 121,110 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 20,107 |  |  |  | 20,107 |
Earnings (loss) before income taxes |  |  | 74,961 |  |  |  | 101,190 |  |  |  | 19,382 |  |  |  | (94,530 | ) |  |  | 101,003 |
Assets |  |  | 714,779 |  |  |  | 734,343 |  |  |  | 99,183 |  |  |  | 191,846 |  |  |  | 1,740,151 |
Capital expenditures |  |  | 16,968 |  |  |  | 16,521 |  |  |  | 2,545 |  |  |  | 3,066 |  |  |  | 39,100 |
Depreciation and amortization |  |  | 27,179 |  |  |  | 22,088 |  |  |  | 2,581 |  |  |  | 3,167 |  |  |  | 55,015 |
2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 723,189 |  |  | $ | 540,499 |  |  | $ | 123,127 |  |  | $ | - |  |  | $ | 1,386,815 |
Intersegment revenue |  |  | 23,743 |  |  |  | 13,505 |  |  |  | 37 |  |  |  | - |  |  |  | 37,285 |
Total revenue |  |  | 746,932 |  |  |  | 554,004 |  |  |  | 123,164 |  |  |  | - |  |  |  | 1,424,100 |
Operating income (loss) |  |  | 96,433 |  |  |  | 113,306 |  |  |  | 20,856 |  |  |  | (27,217 | ) |  |  | 203,378 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 21,853 |  |  |  | 21,853 |
Earnings (loss) before income taxes |  |  | 96,433 |  |  |  | 113,306 |  |  |  | 20,856 |  |  |  | (49,070 | ) |  |  | 181,525 |
Assets |  |  | 782,145 |  |  |  | 752,305 |  |  |  | 103,808 |  |  |  | 186,682 |  |  |  | 1,824,940 |
Capital expenditures |  |  | 23,679 |  |  |  | 21,744 |  |  |  | 2,858 |  |  |  | 2,459 |  |  |  | 50,740 |
Depreciation and amortization |  |  | 25,922 |  |  |  | 21,931 |  |  |  | 2,451 |  |  |  | 2,940 |  |  |  | 53,244 |
Geographical Information | The Company’s annual revenue summarized by geographic location is as follows:
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 491,641 |  |  | $ | 241,608 |  |  | $ | 81 |  |  | $ | - |  |  | $ | 733,330 |
Europe |  |  | 160,083 |  |  |  | 129,704 |  |  |  | 193 |  |  |  | - |  |  |  | 289,980 |
Asia Pacific |  |  | 30,080 |  |  |  | 52,414 |  |  |  | 117,427 |  |  |  | - |  |  |  | 199,921 |
Other |  |  | 42,679 |  |  |  | 62,810 |  |  |  | 3,281 |  |  |  | - |  |  |  | 108,770 |
Total revenue from external customers |  | $ | 724,483 |  |  | $ | 486,536 |  |  | $ | 120,982 |  |  | $ | - |  |  | $ | 1,332,001 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 244,921 |  |  | $ | 252,906 |  |  | $ | - |  |  | $ | 102,577 |  |  | $ | 600,404 |
Europe |  |  | 112,424 |  |  |  | 226,840 |  |  |  | - |  |  |  | - |  |  |  | 339,264 |
Asia Pacific |  |  | 204 |  |  |  | 4,670 |  |  |  | 31,834 |  |  |  | - |  |  |  | 36,708 |
Other |  |  | 782 |  |  |  | 22,116 |  |  |  | - |  |  |  | - |  |  |  | 22,898 |
Total long-lived assets |  | $ | 358,331 |  |  | $ | 506,532 |  |  | $ | 31,834 |  |  | $ | 102,577 |  |  | $ | 999,274 |
2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 448,393 |  |  | $ | 251,593 |  |  | $ | 112 |  |  | $ | - |  |  | $ | 700,098 |
Europe |  |  | 158,902 |  |  |  | 148,393 |  |  |  | 336 |  |  |  | - |  |  |  | 307,631 |
Asia Pacific |  |  | 32,203 |  |  |  | 57,268 |  |  |  | 116,508 |  |  |  | - |  |  |  | 205,979 |
Other |  |  | 43,207 |  |  |  | 64,797 |  |  |  | 1,222 |  |  |  | - |  |  |  | 109,226 |
Total revenue from external customers |  | $ | 682,705 |  |  | $ | 522,051 |  |  | $ | 118,178 |  |  | $ | - |  |  | $ | 1,322,934 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 251,822 |  |  | $ | 220,723 |  |  | $ | - |  |  | $ | 80,128 |  |  | $ | 552,673 |
Europe |  |  | 102,631 |  |  |  | 242,311 |  |  |  | - |  |  |  | - |  |  |  | 344,942 |
Asia Pacific |  |  | 1,017 |  |  |  | 3,758 |  |  |  | 31,007 |  |  |  | - |  |  |  | 35,782 |
Other |  |  | 504 |  |  |  | 18,037 |  |  |  | - |  |  |  | - |  |  |  | 18,541 |
Total long-lived assets |  | $ | 355,974 |  |  | $ | 484,829 |  |  | $ | 31,007 |  |  | $ | 80,128 |  |  | $ | 951,938 |
2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 477,083 |  |  | $ | 245,649 |  |  | $ | - |  |  | $ | - |  |  | $ | 722,732 |
Europe |  |  | 173,562 |  |  |  | 168,340 |  |  |  | 155 |  |  |  | - |  |  |  | 342,057 |
Asia Pacific |  |  | 31,506 |  |  |  | 59,548 |  |  |  | 121,975 |  |  |  | - |  |  |  | 213,029 |
Other |  |  | 41,038 |  |  |  | 66,962 |  |  |  | 997 |  |  |  | - |  |  |  | 108,997 |
Total revenue from external customers |  | $ | 723,189 |  |  | $ | 540,499 |  |  | $ | 123,127 |  |  | $ | - |  |  | $ | 1,386,815 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 255,131 |  |  | $ | 230,187 |  |  | $ | - |  |  | $ | 76,996 |  |  | $ | 562,314 |
Europe |  |  | 125,157 |  |  |  | 265,688 |  |  |  | - |  |  |  | - |  |  |  | 390,845 |
Asia Pacific |  |  | 1,061 |  |  |  | 3,319 |  |  |  | 27,872 |  |  |  | - |  |  |  | 32,252 |
Other |  |  | 277 |  |  |  | 16,387 |  |  |  | - |  |  |  | - |  |  |  | 16,664 |
Total long-lived assets |  | $ | 381,626 |  |  | $ | 515,581 |  |  | $ | 27,872 |  |  | $ | 76,996 |  |  | $ | 1,002,075 |
Product Information | The Company’s revenue summarized by product portfolio is as follows:
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
2020: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 399,331 |  |  | $ | - |  |  | $ | - |  |  | $ | 399,331 |
Natural Ingredients |  |  | 243,161 |  |  |  | - |  |  |  | - |  |  |  | 243,161 |
Fragrances |  |  | 85,354 |  |  |  | - |  |  |  | - |  |  |  | 85,354 |
Yogurt Fruit Preparations |  |  | 14,189 |  |  |  | - |  |  |  | - |  |  |  | 14,189 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 346,269 |  |  |  | - |  |  |  | 346,269 |
Personal Care |  |  | - |  |  |  | 141,331 |  |  |  | - |  |  |  | 141,331 |
Inks |  |  | - |  |  |  | 13,418 |  |  |  | - |  |  |  | 13,418 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 121,227 |  |  |  | 121,227 |
Intersegment Revenue |  |  | (17,552 | ) |  |  | (14,482 | ) |  |  | (245 | ) |  |  | (32,279 | )
Total revenue from external customers |  | $ | 724,483 |  |  | $ | 486,536 |  |  | $ | 120,982 |  |  | $ | 1,332,001 |
2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 378,967 |  |  | $ | - |  |  | $ | - |  |  | $ | 378,967 |
Natural Ingredients |  |  | 214,027 |  |  |  | - |  |  |  | - |  |  |  | 214,027 |
Fragrances |  |  | 86,399 |  |  |  | - |  |  |  | - |  |  |  | 86,399 |
Yogurt Fruit Preparations |  |  | 20,963 |  |  |  | - |  |  |  | - |  |  |  | 20,963 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 340,327 |  |  |  | - |  |  |  | 340,327 |
Personal Care |  |  | - |  |  |  | 159,640 |  |  |  | - |  |  |  | 159,640 |
Inks |  |  | - |  |  |  | 35,192 |  |  |  | - |  |  |  | 35,192 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 118,248 |  |  |  | 118,248 |
Intersegment Revenue |  |  | (17,651 | ) |  |  | (13,108 | ) |  |  | (70 | ) |  |  | (30,829 | )
Total revenue from external customers |  | $ | 682,705 |  |  | $ | 522,051 |  |  | $ | 118,178 |  |  | $ | 1,322,934 |
2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 403,762 |  |  | $ | - |  |  | $ | - |  |  | $ | 403,762 |
Natural Ingredients |  |  | 224,280 |  |  |  | - |  |  |  | - |  |  |  | 224,280 |
Fragrances |  |  | 91,786 |  |  |  | - |  |  |  | - |  |  |  | 91,786 |
Yogurt Fruit Preparations |  |  | 27,104 |  |  |  | - |  |  |  | - |  |  |  | 27,104 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 332,878 |  |  |  | - |  |  |  | 332,878 |
Personal Care |  |  | - |  |  |  | 179,485 |  |  |  | - |  |  |  | 179,485 |
Inks |  |  | - |  |  |  | 41,641 |  |  |  | - |  |  |  | 41,641 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 123,164 |  |  |  | 123,164 |
Intersegment Revenue |  |  | (23,743 | ) |  |  | (13,505 | ) |  |  | (37 | ) |  |  | (37,285 | )
Total revenue from external customers |  | $ | 723,189 |  |  | $ | 540,499 |  |  | $ | 123,127 |  |  | $ | 1,386,815 |

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