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Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment and Geographic Information [Abstract]

Segment Information

Divestiture & other related costs and restructuring and other costs, including the operational improvement plan costs and income, for the years ended December 31, 2021, 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. 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
2021:
Revenue from external customers		$	717,688			$	527,626			$	134,950			$	-			$	1,380,264
Intersegment revenue			21,739				17,644				398				-				39,781
Total revenue			739,427				545,270				135,348				-				1,420,045
Operating income (loss)			98,660				103,575				26,330				(58,537	)			170,028
Interest expense			-				-				-				12,544				12,544
Earnings (loss) before income taxes			98,660				103,575				26,330				(71,081	)			157,484
Assets			639,992				738,139				108,126				259,236				1,745,493
Capital expenditures			35,846				16,806				2,813				5,323				60,788
Depreciation and amortization			26,020				20,572				2,748				2,711				52,051
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

Geographical Information

The Company’s annual revenue summarized by geographic location is as follows:

(In thousands)		Flavors & Extracts				Color				Asia Pacific				Corporate & Other				Consolidated
2021:
Revenue from external customers:
North America		$	523,960			$	263,031			$	116			$	-			$	787,107
Europe			135,348				142,741				140				-				278,229
Asia Pacific			29,880				59,914				131,772				-				221,566
Other			28,500				61,940				2,922				-				93,362
Total revenue from external customers		$	717,688			$	527,626			$	134,950			$	-			$	1,380,264
Long-lived assets:
North America		$	268,934			$	250,682			$	-			$	105,150			$	624,766
Europe			91,934				225,916				-				25				317,875
Asia Pacific			275				4,513				32,901				-				37,689
Other			568				23,442				-				-				24,010
Total long-lived assets		$	361,711			$	504,553			$	32,901			$	105,175			$	1,004,340
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

Product Information

The Company’s revenue summarized by product portfolio is as follows:

(In thousands)		Flavors & Extracts				Color				Asia Pacific				Consolidated
2021:
Flavors, Extracts & Flavor Ingredients		$	455,818			$	-			$	-			$	455,818
Natural Ingredients			255,772				-				-				255,772
Fragrances			22,739				-				-				22,739
Yogurt Fruit Preparations			5,098				-				-				5,098
Food & Pharmaceutical Colors			-				385,069				-				385,069
Personal Care			-				158,237				-				158,237
Inks			-				1,964				-				1,964
Asia Pacific			-				-				135,348				135,348
Intersegment Revenue			(21,739	)			(17,644	)			(398	)			(39,781	)
Total revenue from external customers		$	717,688			$	527,626			$	134,950			$	1,380,264
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

X

- Definition

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