Portfolio Optimization Plan (Tables)

9 Months Ended

Sep. 30, 2024

The following table summarizes the Portfolio Optimization Plan expenses by segment for the three months ended September 30, 2024:

(In thousands)	Flavors & Extracts		Color		Corporate & Other			Consolidated
Employee separation – Selling and administrative expenses	$	490	$	68	$	-		$	558
Other production costs – Cost of products sold		209		-		-			209
Other costs – Selling and administrative expenses⁽¹⁾		447		9		(12	)		444
Total	$	1,146	$	77	$	(12	)	$	1,211

⁽¹⁾

Other costs include professional services, accelerated depreciation, and other related costs.

The following table summarizes the Portfolio Optimization Plan expenses by segment for the nine months ended September 30, 2024:

(In thousands)	Flavors & Extracts		Color			Corporate & Other			Consolidated
Non-cash impairment charges – Selling and administrative expenses	$	-	$	1,129		$	-		$	1,129
Non-cash charges – Cost of products sold		408		(194	)		-			214
Employee separation – Selling and administrative expenses		1,341		594			28			1,963
Other production costs – Cost of products sold		309		-			-			309
Other costs – Selling and administrative expenses⁽¹⁾		1,506		693			(39	)		2,160
Total	$	3,564	$	2,222		$	(11	)	$	5,775

⁽¹⁾

Other costs include professional services, decommissioning costs, accelerated depreciation, accelerated lease costs, and other related costs.