| Portfolio Optimization Plan Expenses by Segment |
The following table summarizes the Portfolio Optimization Plan expenses by
segment for the year ended December 31, 2025:
|
(In thousands)
|
|
Flavors &
Extracts
|
|
|
Color
|
|
|
Corporate
& Other
|
|
|
Consolidated
|
|
|
Non-cash impairment charges – Selling and administrative expenses
|
|
$
|
953
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
953
|
|
|
Non-cash charges – Cost of products sold
|
|
|
4,344
|
|
|
|
-
|
|
|
|
-
|
|
|
|
4,344
|
|
|
Employee separation – Selling and administrative expenses
|
|
|
758
|
|
|
|
8
|
|
|
|
-
|
|
|
|
766
|
|
|
Other production costs – Cost of products sold
|
|
|
3,187
|
|
|
|
-
|
|
|
|
-
|
|
|
|
3,187
|
|
|
Other costs – Selling and administrative expenses(1)
|
|
|
5,986
|
|
|
|
403
|
|
|
|
167
|
|
|
|
6,556
|
|
|
Total
|
|
$
|
15,228
|
|
|
$
|
411
|
|
|
$
|
167
|
|
|
$
|
15,806
|
|
|
(1) |
Other costs include professional services, decommissioning costs, and other related costs.
|
The following table summarizes the Portfolio Optimization Plan expenses by segment
for the year ended December 31, 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
|
|
|
934
|
|
|
|
(194
|
)
|
|
|
-
|
|
|
|
740
|
|
|
Employee separation – Selling and administrative expenses
|
|
|
1,450
|
|
|
|
583
|
|
|
|
26
|
|
|
|
2,059
|
|
|
Other production costs – Cost of products sold
|
|
|
622
|
|
|
|
-
|
|
|
|
-
|
|
|
|
622
|
|
|
Other costs – Selling and administrative expenses(1)
|
|
|
1,813
|
|
|
|
382
|
|
|
|
(114
|
)
|
|
|
2,081
|
|
|
Total
|
|
$
|
4,819
|
|
|
$
|
1,900
|
|
|
$
|
(88
|
)
|
|
$
|
6,631
|
|
|
(1) |
Other costs include professional services, decommissioning costs, and other related costs.
|
The following table summarizes the Portfolio Optimization Plan expenses by segment
for the year ended December 31, 2023:
|
(In thousands)
|
|
Flavors &
Extracts
|
|
|
Color
|
|
|
Corporate
& Other
|
|
|
Consolidated
|
|
|
Non-cash impairment charges – Selling and administrative expenses
|
|
$
|
11,599
|
|
|
$
|
9,355
|
|
|
$
|
-
|
|
|
$
|
20,954
|
|
|
Non-cash charges – Cost of products sold
|
|
|
2,040
|
|
|
|
1,095
|
|
|
|
-
|
|
|
|
3,135
|
|
|
Employee separation – Selling and administrative expenses
|
|
|
2,820
|
|
|
|
288
|
|
|
|
108
|
|
|
|
3,216
|
|
|
Other costs – Selling and administrative expenses(1)
|
|
|
39
|
|
|
|
497
|
|
|
|
-
|
|
|
|
536
|
|
|
Total
|
|
$
|
16,498
|
|
|
$
|
11,235
|
|
|
$
|
108
|
|
|
$
|
27,841
|
|
|
(1) |
Other costs include legal settlements, professional services, and other related costs.
|
|