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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2021
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 June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 174,699 |  |  | $ | 128,830 |  |  | $ | 32,298 |  |  | $ | - |  |  | $ | 335,827 |
Intersegment revenue |  |  | 4,702 |  |  |  | 4,377 |  |  |  | 19 |  |  |  | - |  |  |  | 9,098 |
Total revenue |  | $ | 179,401 |  |  | $ | 133,207 |  |  | $ | 32,317 |  |  | $ | - |  |  | $ | 344,925 |
Operating income (loss) |  | $ | 24,536 |  |  | $ | 25,615 |  |  | $ | 5,793 |  |  | $ | (20,191 | ) |  | $ | 35,753 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,322 |  |  |  | 3,322 |
Earnings (loss) before income taxes |  | $ | 24,536 |  |  | $ | 25,615 |  |  | $ | 5,793 |  |  | $ | (23,513 | ) |  | $ | 32,431 |
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 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Six months ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 369,360 |  |  | $ | 260,031 |  |  | $ | 66,138 |  |  | $ | - |  |  | $ | 695,529 |
Intersegment revenue |  |  | 10,952 |  |  |  | 8,896 |  |  |  | 19 |  |  |  | - |  |  |  | 19,867 |
Total revenue |  | $ | 380,312 |  |  | $ | 268,927 |  |  | $ | 66,157 |  |  | $ | - |  |  | $ | 715,396 |
Operating income (loss) |  | $ | 51,554 |  |  | $ | 52,209 |  |  | $ | 12,545 |  |  | $ | (33,658 | ) |  | $ | 82,650 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,755 |  |  |  | 6,755 |
Earnings (loss) before income taxes |  | $ | 51,554 |  |  | $ | 52,209 |  |  | $ | 12,545 |  |  | $ | (40,413 | ) |  | $ | 75,895 |
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 |
Product Information | Product Lines
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 111,763 |  |  | $ | - |  |  | $ | - |  |  | $ | 111,763 |
Natural Ingredients |  |  | 60,302 |  |  |  | - |  |  |  | - |  |  |  | 60,302 |
Fragrances |  |  | 5,921 |  |  |  | - |  |  |  | - |  |  |  | 5,921 |
Yogurt Fruit Preparations |  |  | 1,415 |  |  |  | - |  |  |  | - |  |  |  | 1,415 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 94,092 |  |  |  | - |  |  |  | 94,092 |
Personal Care |  |  | - |  |  |  | 38,323 |  |  |  | - |  |  |  | 38,323 |
Inks |  |  | - |  |  |  | 792 |  |  |  | - |  |  |  | 792 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 32,317 |  |  |  | 32,317 |
Intersegment Revenue |  |  | (4,702 | ) |  |  | (4,377 | ) |  |  | (19 | ) |  |  | (9,098 | )
Total revenue from external customers |  | $ | 174,699 |  |  | $ | 128,830 |  |  | $ | 32,298 |  |  | $ | 335,827 |
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 & Pharmaceutical 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 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 219,853 |  |  | $ | - |  |  | $ | - |  |  | $ | 219,853 |
Natural Ingredients |  |  | 122,506 |  |  |  | - |  |  |  | - |  |  |  | 122,506 |
Fragrances |  |  | 34,388 |  |  |  | - |  |  |  | - |  |  |  | 34,388 |
Yogurt Fruit Preparations |  |  | 3,565 |  |  |  | - |  |  |  | - |  |  |  | 3,565 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 187,877 |  |  |  | - |  |  |  | 187,877 |
Personal Care |  |  | - |  |  |  | 79,838 |  |  |  | - |  |  |  | 79,838 |
Inks |  |  | - |  |  |  | 1,212 |  |  |  | - |  |  |  | 1,212 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 66,157 |  |  |  | 66,157 |
Intersegment Revenue |  |  | (10,952 | ) |  |  | (8,896 | ) |  |  | (19 | ) |  |  | (19,867 | )
Total revenue from external customers |  | $ | 369,360 |  |  | $ | 260,031 |  |  | $ | 66,138 |  |  | $ | 695,529 |
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 & Pharmaceutical 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 |
Geographical Information | Geographic Markets
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 128,665 |  |  | $ | 57,264 |  |  | $ | 37 |  |  | $ | 185,966 |
Europe |  |  | 32,654 |  |  |  | 37,906 |  |  |  | 54 |  |  |  | 70,614 |
Asia Pacific |  |  | 8,161 |  |  |  | 18,543 |  |  |  | 31,794 |  |  |  | 58,498 |
Other |  |  | 5,219 |  |  |  | 15,117 |  |  |  | 413 |  |  |  | 20,749 |
Total revenue from external customers |  | $ | 174,699 |  |  | $ | 128,830 |  |  | $ | 32,298 |  |  | $ | 335,827 |
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 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 258,308 |  |  | $ | 120,934 |  |  | $ | 62 |  |  | $ | 379,304 |
Europe |  |  | 77,222 |  |  |  | 75,184 |  |  |  | 76 |  |  |  | 152,482 |
Asia Pacific |  |  | 17,878 |  |  |  | 33,381 |  |  |  | 64,352 |  |  |  | 115,611 |
Other |  |  | 15,952 |  |  |  | 30,532 |  |  |  | 1,648 |  |  |  | 48,132 |
Total revenue from external customers |  | $ | 369,360 |  |  | $ | 260,031 |  |  | $ | 66,138 |  |  | $ | 695,529 |
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 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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