10.	Restructuring

The Company recorded restructuring costs of $12.8 million ($9.4 million after-tax) for the three month period ended March 31, 2013, related to the 2013 restructuring program to relocate the Flavors & Fragrances Group headquarters to Chicago, as well as a profit improvement plan across all segments of the Company. The restructuring costs include $8.9 million for employee separation costs associated with reducing headcount, $3.1 million of non-cash costs related to asset impairment charges and $0.7 million of other restructuring costs. Of the total restructuring costs, $8.5 million relates to the Flavors & Fragrances segment, $3.7 million relates to the Color segment and $0.6 million relates to the Corporate & Other segment.

Detail of the restructuring costs and the line items in which it was recorded in the Corporate & Other segment during the three month period ended March 31, 2013 is as follows:

	Selling &		Cost of
(In thousands)	Administrative		Products Sold		Total
Employee separation	$	8,912	$	-	$	8,912
Long-lived asset impairment		2,526		-		2,526
Write-down of inventory		-		595		595
Other		740		-		740
Total	$	12,178	$	595	$	12,773

The Company expects to incur $13 million to $16 million of additional restructuring costs by the end of December 2013.

The following table summarizes the accrual for the restructuring and other charges for the three month period ended March 31, 2013:

	Employee			Asset Related
(In thousands)	Separations			and other			Total
Beginning balance	$	-		$	-		$	-
Restructuring charge		8,912			3,861			12,773
Cash spent		(1,787	)		(305	)		(2,092	)
Reduction of assets		-			(3,121	)		(3,121	)
Translation adjustment		(63	)		-			(63	)
Balance as of March, 31, 2013	$	7,062		$	435		$	7,497