Segment Information

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Segment Information

3.   Segment Information

Operating results by segment for the periods and at the dates presented are as follows:

(In thousands)	Flavors & Fragrances		Color		Corporate & Other			Consolidated
Three months ended June 30, 2012:
Revenue from external customers	$	208,940	$	121,158	$	37,679		$	367,777
Intersegment revenue		9,978		6,761		798			17,537
Total revenue	$	218,918	$	127,919	$	38,477		$	385,314
Operating income (loss)	$	33,459	$	25,949	$	(5,110	)	$	54,298
Interest expense		--		--		4,347			4,347
Earnings (loss) before income taxes	$	33,459	$	25,949	$	(9,457	)	$	49,951
Three months ended June 30, 2011:
Revenue from external customers	$	216,359	$	125,112	$	35,523		$	376,994
Intersegment revenue		9,464		7,280		754			17,498
Total revenue	$	225,823	$	132,392	$	36,277		$	394,492
Operating income (loss)	$	35,875	$	24,648	$	(6,190	)	$	54,333
Interest expense		--		--		5,135			5,135
Earnings (loss) before income taxes	$	35,875	$	24,648	$	(11,325	)	$	49,198

(In thousands)	Flavors & Fragrances		Color		Corporate & Other			Consolidated
Six months ended June 30, 2012:
Revenue from external customers	$	413,341	$	246,131	$	73,965		$	733,437
Intersegment revenue		20,308		13,060		1,688			35,056
Total revenue	$	433,649	$	259,191	$	75,653		$	768,493
Operating income (loss)	$	62,524	$	51,471	$	(13,208	)	$	100,787
Interest expense		--		--		8,753			8,753
Earnings (loss) before income taxes	$	62,524	$	51,471	$	(21,961	)	$	92,034
Six months ended June 30, 2011:
Revenue from external customers	$	412,891	$	244,009	$	69,780		$	726,680
Intersegment revenue		18,906		14,054		1,092			34,052
Total revenue	$	431,797	$	258,063	$	70,872		$	760,732
Operating income (loss)	$	64,485	$	46,995	$	(13,550	)	$	97,930
Interest expense		--		--		9,985			9,985
Earnings (loss) before income taxes	$	64,485	$	46,995	$	(23,535	)	$	87,945

Beginning in the first quarter of 2012, the results of operations for the Company's flavors businesses in Central and South America are reported in the Corporate and Other segment. This change was made to give management greater insight into the Company's flavor operations in this growing region.  Previously, these results were included in the Flavors and Fragrances segment. Results for 2011 have been restated to reflect this change.