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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Information [Abstract] |
Operating Results by Segment | 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, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 185,029 |  |  | $ | 142,026 |  |  | $ | 36,774 |  |  | $ | - |  |  | $ | 363,829 |
Intersegment revenue |  |  | 5,968 |  |  |  | 2,913 |  |  |  | - |  |  |  | - |  |  |  | 8,881 |
Total revenue |  | $ | 190,997 |  |  | $ | 144,939 |  |  | $ | 36,774 |  |  | $ | - |  |  | $ | 372,710 |
Operating income (loss) |  | $ | 23,078 |  |  | $ | 22,925 |  |  | $ | 8,095 |  |  | $ | (9,567 | ) |  | $ | 44,531 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,294 |  |  |  | 6,294 |
Earnings (loss) before income taxes |  | $ | 23,078 |  |  | $ | 22,925 |  |  | $ | 8,095 |  |  | $ | (15,861 | ) |  | $ | 38,237 |
Three months ended September 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 181,397 |  |  | $ | 144,570 |  |  | $ | 35,109 |  |  | $ | - |  |  | $ | 361,076 |
Intersegment revenue |  |  | 5,649 |  |  |  | 6,899 |  |  |  | 112 |  |  |  | - |  |  |  | 12,660 |
Total revenue |  | $ | 187,046 |  |  | $ | 151,469 |  |  | $ | 35,221 |  |  | $ | - |  |  | $ | 373,736 |
Operating income (loss) |  | $ | 26,337 |  |  | $ | 28,200 |  |  | $ | 6,952 |  |  | $ | (13,996 | ) |  | $ | 47,493 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,672 |  |  |  | 3,672 |
Earnings (loss) before income taxes |  | $ | 26,337 |  |  | $ | 28,200 |  |  | $ | 6,952 |  |  | $ | (17,668 | ) |  | $ | 43,821 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Corporate & Other |  |  | Consolidated |
Nine months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 538,753 |  |  | $ | 455,507 |  |  | $ | 112,888 |  |  | $ | - |  |  | $ | 1,107,148 |
Intersegment revenue |  |  | 19,380 |  |  |  | 11,056 |  |  |  | - |  |  |  | - |  |  |  | 30,436 |
Total revenue |  | $ | 558,133 |  |  | $ | 466,563 |  |  | $ | 112,888 |  |  | $ | - |  |  | $ | 1,137,584 |
Operating income (loss) |  | $ | 69,714 |  |  | $ | 84,027 |  |  | $ | 24,911 |  |  | $ | (31,692 | ) |  | $ | 146,960 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 18,648 |  |  |  | 18,648 |
Earnings (loss) before income taxes |  | $ | 69,714 |  |  | $ | 84,027 |  |  | $ | 24,911 |  |  | $ | (50,340 | ) |  | $ | 128,312 |
Nine months ended September 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 539,014 |  |  | $ | 440,568 |  |  | $ | 108,721 |  |  | $ | - |  |  | $ | 1,088,303 |
Intersegment revenue |  |  | 20,096 |  |  |  | 15,607 |  |  |  | 293 |  |  |  | - |  |  |  | 35,996 |
Total revenue |  | $ | 559,110 |  |  | $ | 456,175 |  |  | $ | 109,014 |  |  | $ | - |  |  | $ | 1,124,299 |
Operating income (loss) |  | $ | 83,929 |  |  | $ | 90,035 |  |  | $ | 22,877 |  |  | $ | (41,315 | ) |  | $ | 155,526 |
Interest expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9,748 |  |  |  | 9,748 |
Earnings (loss) before income taxes |  | $ | 83,929 |  |  | $ | 90,035 |  |  | $ | 22,877 |  |  | $ | (51,063 | ) |  | $ | 145,778 |
Product Lines | Product Lines
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 124,697 |  |  | $ | - |  |  | $ | - |  |  | $ | 124,697 |
Natural Ingredients |  |  | 66,300 |  |  |  | - |  |  |  | - |  |  |  | 66,300 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 107,723 |  |  |  | - |  |  |  | 107,723 |
Personal Care |  |  | - |  |  |  | 37,216 |  |  |  | - |  |  |  | 37,216 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 36,774 |  |  |  | 36,774 |
Intersegment Revenue |  |  | (5,968 | ) |  |  | (2,913 | ) |  |  | - |  |  |  | (8,881 | )
Total revenue from external customers |  | $ | 185,029 |  |  | $ | 142,026 |  |  | $ | 36,774 |  |  | $ | 363,829 |
Three months ended September 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 123,945 |  |  | $ | - |  |  | $ | - |  |  | $ | 123,945 |
Natural Ingredients |  |  | 63,101 |  |  |  | - |  |  |  | - |  |  |  | 63,101 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 111,194 |  |  |  | - |  |  |  | 111,194 |
Personal Care |  |  | - |  |  |  | 39,689 |  |  |  | - |  |  |  | 39,689 |
Inks |  |  | - |  |  |  | 586 |  |  |  | - |  |  |  | 586 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 35,221 |  |  |  | 35,221 |
Intersegment Revenue |  |  | (5,649 | ) |  |  | (6,899 | ) |  |  | (112 | ) |  |  | (12,660 | )
Total revenue from external customers |  | $ | 181,397 |  |  | $ | 144,570 |  |  | $ | 35,109 |  |  | $ | 361,076 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Nine months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 383,210 |  |  | $ | - |  |  | $ | - |  |  | $ | 383,210 |
Natural Ingredients |  |  | 174,923 |  |  |  | - |  |  |  | - |  |  |  | 174,923 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 346,635 |  |  |  | - |  |  |  | 346,635 |
Personal Care |  |  | - |  |  |  | 119,928 |  |  |  | - |  |  |  | 119,928 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 112,888 |  |  |  | 112,888 |
Intersegment Revenue |  |  | (19,380 | ) |  |  | (11,056 | ) |  |  | - |  |  |  | (30,436 | )
Total revenue from external customers |  | $ | 538,753 |  |  | $ | 455,507 |  |  | $ | 112,888 |  |  | $ | 1,107,148 |
Nine months ended September 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Flavors, Extracts & Flavor Ingredients |  | $ | 381,041 |  |  | $ | - |  |  | $ | - |  |  | $ | 381,041 |
Natural Ingredients |  |  | 178,069 |  |  |  | - |  |  |  | - |  |  |  | 178,069 |
Food & Pharmaceutical Colors |  |  | - |  |  |  | 328,087 |  |  |  | - |  |  |  | 328,087 |
Personal Care |  |  | - |  |  |  | 126,651 |  |  |  | - |  |  |  | 126,651 |
Inks |  |  | - |  |  |  | 1,437 |  |  |  | - |  |  |  | 1,437 |
Asia Pacific |  |  | - |  |  |  | - |  |  |  | 109,014 |  |  |  | 109,014 |
Intersegment Revenue |  |  | (20,096 | ) |  |  | (15,607 | ) |  |  | (293 | ) |  |  | (35,996 | )
Total revenue from external customers |  | $ | 539,014 |  |  | $ | 440,568 |  |  | $ | 108,721 |  |  | $ | 1,088,303 |
Geographical Markets | Geographic Markets
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Three months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 147,992 |  |  | $ | 75,417 |  |  | $ | - |  |  | $ | 223,409 |
Europe |  |  | 25,298 |  |  |  | 36,816 |  |  |  | 57 |  |  |  | 62,171 |
Asia Pacific |  |  | 4,881 |  |  |  | 13,344 |  |  |  | 35,791 |  |  |  | 54,016 |
Other |  |  | 6,858 |  |  |  | 16,449 |  |  |  | 926 |  |  |  | 24,233 |
Total revenue from external customers |  | $ | 185,029 |  |  | $ | 142,026 |  |  | $ | 36,774 |  |  | $ | 363,829 |
Three months ended September 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 142,097 |  |  | $ | 74,220 |  |  | $ | 27 |  |  | $ | 216,344 |
Europe |  |  | 26,795 |  |  |  | 34,591 |  |  |  | 44 |  |  |  | 61,430 |
Asia Pacific |  |  | 7,091 |  |  |  | 16,770 |  |  |  | 34,433 |  |  |  | 58,294 |
Other |  |  | 5,414 |  |  |  | 18,989 |  |  |  | 605 |  |  |  | 25,008 |
Total revenue from external customers |  | $ | 181,397 |  |  | $ | 144,570 |  |  | $ | 35,109 |  |  | $ | 361,076 |
(In thousands) |  | Flavors & Extracts |  |  | Color |  |  | Asia Pacific |  |  | Consolidated |
Nine months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 417,095 |  |  | $ | 231,348 |  |  | $ | 124 |  |  | $ | 648,567 |
Europe |  |  | 86,092 |  |  |  | 124,465 |  |  |  | 184 |  |  |  | 210,741 |
Asia Pacific |  |  | 16,372 |  |  |  | 47,801 |  |  |  | 110,380 |  |  |  | 174,553 |
Other |  |  | 19,194 |  |  |  | 51,893 |  |  |  | 2,200 |  |  |  | 73,287 |
Total revenue from external customers |  | $ | 538,753 |  |  | $ | 455,507 |  |  | $ | 112,888 |  |  | $ | 1,107,148 |
Nine months ended September 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 407,684 |  |  | $ | 223,508 |  |  | $ | 87 |  |  | $ | 631,279 |
Europe |  |  | 90,565 |  |  |  | 116,184 |  |  |  | 175 |  |  |  | 206,924 |
Asia Pacific |  |  | 23,628 |  |  |  | 49,199 |  |  |  | 105,222 |  |  |  | 178,049 |
Other |  |  | 17,137 |  |  |  | 51,677 |  |  |  | 3,237 |  |  |  | 72,051 |
Total revenue from external customers |  | $ | 539,014 |  |  | $ | 440,568 |  |  | $ | 108,721 |  |  | $ | 1,088,303 |

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