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v3.22.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2022
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, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 182,415 |  |  | $ | 152,070 |  |  | $ | 37,221 |  |  | $ | - |  |  | $ | 371,706 |
Intersegment revenue |  |  | 6,922 |  |  |  | 4,198 |  |  |  | 107 |  |  |  | - |  |  |  | 11,227 |
Total revenue |  | $ | 189,337 |  |  | $ | 156,268 |  |  | $ | 37,328 |  |  | $ | - |  |  | $ | 382,933 |
Operating income (loss) |  | $ | 30,013 |  |  | $ | 31,178 |  |  | $ | 7,721 |  |  | $ | (13,668 | ) |  | $ | 55,244 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,083 |  |  |  | 3,083 |
Earnings (loss) before income taxes |  | $ | 30,013 |  |  | $ | 31,178 |  |  | $ | 7,721 |  |  | $ | (16,751 | ) |  | $ | 52,161 |
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 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Six months ended June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 357,617 |  |  | $ | 295,998 |  |  | $ | 73,612 |  |  | $ | - |  |  | $ | 727,227 |
Intersegment revenue |  |  | 14,447 |  |  |  | 8,708 |  |  |  | 181 |  |  |  | - |  |  |  | 23,336 |
Total revenue |  | $ | 372,064 |  |  | $ | 304,706 |  |  | $ | 73,793 |  |  | $ | - |  |  | $ | 750,563 |
Operating income (loss) |  | $ | 57,592 |  |  | $ | 61,835 |  |  | $ | 15,925 |  |  | $ | (27,319 | ) |  | $ | 108,033 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,076 |  |  |  | 6,076 |
Earnings (loss) before income taxes |  | $ | 57,592 |  |  | $ | 61,835 |  |  | $ | 15,925 |  |  | $ | (33,395 | ) |  | $ | 101,957 |
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 |
Product Information | Product Lines
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 130,578 |  |  | $ | - |  |  | $ | - |  |  | $ | 130,578 |
Natural Ingredients |  |  | 58,759 |  |  |  | - |  |  |  | - |  |  |  | 58,759 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 113,784 |  |  |  | - |  |  |  | 113,784 |
Personal Care |  |  | - |  |  |  | 42,116 |  |  |  | - |  |  |  | 42,116 |
Inks |  |  | - |  |  |  | 368 |  |  |  | - |  |  |  | 368 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 37,328 |  |  |  | 37,328 |
Intersegment Revenue |  |  | (6,922 | ) |  |  | (4,198 | ) |  |  | (107 | ) |  |  | (11,227 | )
Total revenue from external customers |  | $ | 182,415 |  |  | $ | 152,070 |  |  | $ | 37,221 |  |  | $ | 371,706 |
Three months ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 117,684 |  |  | $ | - |  |  | $ | - |  |  | $ | 117,684 |
Natural Ingredients |  |  | 60,302 |  |  |  | - |  |  |  | - |  |  |  | 60,302 |
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 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 257,096 |  |  | $ | - |  |  | $ | - |  |  | $ | 257,096 |
Natural Ingredients |  |  | 114,968 |  |  |  | - |  |  |  | - |  |  |  | 114,968 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 216,893 |  |  |  | - |  |  |  | 216,893 |
Personal Care |  |  | - |  |  |  | 86,962 |  |  |  | - |  |  |  | 86,962 |
Inks |  |  | - |  |  |  | 851 |  |  |  | - |  |  |  | 851 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 73,793 |  |  |  | 73,793 |
Intersegment Revenue |  |  | (14,447 | ) |  |  | (8,708 | ) |  |  | (181 | ) |  |  | (23,336 | )
Total revenue from external customers |  | $ | 357,617 |  |  | $ | 295,998 |  |  | $ | 73,612 |  |  | $ | 727,227 |
Six months ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 231,502 |  |  | $ | - |  |  | $ | - |  |  | $ | 231,502 |
Natural Ingredients |  |  | 122,506 |  |  |  | - |  |  |  | - |  |  |  | 122,506 |
Fragrances |  |  | 22,739 |  |  |  | - |  |  |  | - |  |  |  | 22,739 |
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 |
Geographical Information | Geographic Markets
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 138,885 |  |  | $ | 79,360 |  |  | $ | 2 |  |  | $ | 218,247 |
Europe |  |  | 31,165 |  |  |  | 39,615 |  |  |  | 50 |  |  |  | 70,830 |
Asia Pacific |  |  | 6,800 |  |  |  | 16,413 |  |  |  | 36,807 |  |  |  | 60,020 |
Other |  |  | 5,565 |  |  |  | 16,682 |  |  |  | 362 |  |  |  | 22,609 |
Total revenue from external customers |  | $ | 182,415 |  |  | $ | 152,070 |  |  | $ | 37,221 |  |  | $ | 371,706 |
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 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Six months ended June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 265,587 |  |  | $ | 149,288 |  |  | $ | 60 |  |  | $ | 414,935 |
Europe |  |  | 63,770 |  |  |  | 81,593 |  |  |  | 131 |  |  |  | 145,494 |
Asia Pacific |  |  | 16,537 |  |  |  | 32,429 |  |  |  | 70,789 |  |  |  | 119,755 |
Other |  |  | 11,723 |  |  |  | 32,688 |  |  |  | 2,632 |  |  |  | 47,043 |
Total revenue from external customers |  | $ | 357,617 |  |  | $ | 295,998 |  |  | $ | 73,612 |  |  | $ | 727,227 |
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 |

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