Segment Information

3 Months Ended

Mar. 31, 2013

Segment Information [Abstract]

Segment Information

4.   Segment Information

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

(In thousands)	Flavors & Fragrances		Color		Corporate & Other			Consolidated
Three months ended March 31, 2013:
Revenue from external customers	$	207,615	$	122,281	$	35,744		$	365,640
Intersegment revenue		9,426		5,597		249			15,272
Total revenue	$	217,041	$	127,878	$	35,993		$	380,912
Operating income (loss)	$	28,920	$	25,973	$	(18,555	)	$	36,338
Interest expense		--		--		4,261			4,261
Earnings (loss) before income taxes	$	28,920	$	25,973		(22,816	)	$	32,077
Three months ended March 31, 2012:
Revenue from external customers	$	204,400	$	126,702	$	34,558		$	365,660
Intersegment revenue		10,331		5,554		438			16,323
Total revenue	$	214,731	$	132,256	$	34,996		$	381,983
Operating income (loss)	$	29,065	$	25,783	$	(8,359	)	$	46,489
Interest expense		--		--		4,406			4,406
Earnings (loss) before income taxes	$	29,065	$	25,783	$	(12,765	)	$	42,083

Beginning in the first quarter of 2013, the results of operations for the Company's cosmetic and pharmaceutical businesses in Asia Pacific and China, previously reported in the Corporate & Other segment, are reported in the Color segment. Results for 2012 have been restated to reflect this change.

The Company evaluates performance based on operating income of the respective segments before restructuring costs, interest expense and income taxes. The 2013 restructuring costs are included in the Corporate & Other segment.