10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549

FORM 10‑Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: June 30, 2013

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934

For the transition period from to

Commission file number:  1‑7626

SENSIENT TECHNOLOGIES CORPORATION

(Exact name of registrant as specified in its charter)

Wisconsin	39‑0561070
(State or other jurisdiction of	(I.R.S. Employer Identification
incorporation or organization)	Number)

777 East Wisconsin Avenue, Milwaukee, Wisconsin  53202-5304

(Address of principal executive offices)

Registrant's telephone number, including area code: (414) 271‑6755

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for at least the past 90 days.

Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer x Accelerated filer o Non-accelerated filer o Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes o No x

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

Class	Outstanding at July 31, 2013
Common Stock, par value $0.10 per share	50,043,385

SENSIENT TECHNOLOGIES CORPORATION

INDEX

		Page No.
PART I. FINANCIAL INFORMATION:
Item 1.	Financial Statements:
	Consolidated Condensed Statements of Earnings ‑ Three and Six Months Ended June 30, 2013 and 2012.	1
	Consolidated Condensed Statements of Comprehensive Income - Three and Six Months Ended June 30, 2013 and 2012.	2
	Consolidated Condensed Balance Sheets - June 30, 2013 and December 31, 2012.	3
	Consolidated Condensed Statements of Cash Flows ‑ Six Months Ended June 30, 2013 and 2012.	4
	Notes to Consolidated Condensed Financial Statements.	5
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	16
Item 4.	Controls and Procedures.	16
PART II. OTHER INFORMATION:
Item 1.	Legal Proceedings.	17
Item 1A.	Risk Factors.	18
Item 6.	Exhibits.	18
	Signatures.	19
	Exhibit Index.	20

PART I.FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

SENSIENT TECHNOLOGIES CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS

(In thousands except per share amounts)

(Unaudited)

	Three Months				Six Months
	Ended June 30,				Ended June 30,
	2013		2012		2013		2012
Revenue	$	378,806	$	367,777	$	744,446	$	733,437
Cost of products sold		256,285		247,822		504,788		498,150
Selling and administrative expenses		73,843		65,657		154,642		134,500
Operating income		48,678		54,298		85,016		100,787
Interest expense		4,008		4,347		8,269		8,753
Earnings before income taxes		44,670		49,951		76,747		92,034
Income taxes		12,388		15,046		23,026		28,223
Net earnings	$	32,282	$	34,905	$	53,721	$	63,811
Average number of common shares outstanding:
Basic		49,751		49,537		49,731		49,656
Diluted		49,917		49,771		49,892		49,884
Earnings per common share:
Basic	$	0.65	$	0.70	$	1.08	$	1.29
Diluted	$	0.65	$	0.70	$	1.08	$	1.28
Dividends per common share	$	0.23	$	0.22	$	0.45	$	0.43

See accompanying notes to consolidated condensed financial statements.

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SENSIENT TECHNOLOGIES CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

(Unaudited)

	Three Months				Six Months
	Ended June 30,				Ended June 30,
	2013		2012		2013		2012
Comprehensive Income	$	24,657	$	2,579	$	28,043	$	56,360

See accompanying notes to consolidated condensed financial statements.

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SENSIENT TECHNOLOGIES CORPORATION

CONSOLIDATED CONDENSED BALANCE SHEETS

(In thousands)

	June 30,
	2013			December 31,
ASSETS	(Unaudited)			2012
CURRENT ASSETS:
Cash and cash equivalents	$	26,665		$	15,062
Trade accounts receivable, net		259,146			237,626
Inventories		427,041			442,714
Prepaid expenses and other current assets		57,849			55,952
TOTAL CURRENT ASSETS		770,701			751,354
OTHER ASSETS		45,715			47,685
INTANGIBLE ASSETS, NET		10,869			11,578
GOODWILL		441,489			451,318
PROPERTY, PLANT AND EQUIPMENT:
Land		54,940			53,387
Buildings		334,459			339,732
Machinery and equipment		716,314			735,237
Construction in progress		77,513			41,999
		1,183,226			1,170,355
Less accumulated depreciation		(651,105	)		(655,647	)
		532,121			514,708
TOTAL ASSETS	$	1,800,895		$	1,776,643
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade accounts payable	$	88,552		$	96,283
Accrued salaries, wages and withholdings from employees		27,644			27,162
Other accrued expenses		60,834			56,946
Income taxes		5,943			3,797
Short-term borrowings		30,336			20,048
TOTAL CURRENT LIABILITIES		213,309			204,236
OTHER LIABILITIES		22,259			24,003
ACCRUED EMPLOYEE AND RETIREE BENEFITS		60,464			60,527
LONG‑TERM DEBT		342,699			333,979
SHAREHOLDERS' EQUITY:
Common stock		5,396			5,396
Additional paid‑in capital		99,437			98,253
Earnings reinvested in the business		1,181,306			1,150,092
Treasury stock, at cost		(93,712	)		(95,258	)
Accumulated other comprehensive loss		(30,263	)		(4,585	)
TOTAL SHAREHOLDERS’ EQUITY		1,162,164			1,153,898
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	1,800,895		$	1,776,643

See accompanying notes to consolidated condensed financial statements.

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SENSIENT TECHNOLOGIES CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	Six Months
	Ended June 30,
	2013			2012
Cash flows from operating activities:
Net earnings	$	53,721		$	63,811
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization		25,893			24,453
Share-based compensation		1,330			2,425
Loss (Gain) on assets		3,073			(1,047	)
Deferred income taxes		(222	)		338
Changes in operating assets and liabilities		(13,751	)		(40,863	)
Net cash provided by operating activities		70,044			49,117
Cash flows from investing activities:
Acquisition of property, plant and equipment		(55,241	)		(47,847	)
Proceeds from sale of assets		31			1,321
Other investing activity		(132	)		(124	)
Net cash used in investing activities		(55,342	)		(46,650	)
Cash flows from financing activities:
Proceeds from additional borrowings		75,596			47,605
Debt payments		(55,127	)		(23,435	)
Purchase of treasury stock		-			(17,104	)
Dividends paid		(22,507	)		(21,548	)
Proceeds from options exercised and other equity transactions		420			873
Net cash used in financing activities		(1,618	)		(13,609	)
Effect of exchange rate changes on cash and cash equivalents		(1,481	)		342
Net increase (decrease) in cash and cash equivalents		11,603			(10,800	)
Cash and cash equivalents at beginning of period		15,062			22,855
Cash and cash equivalents at end of period	$	26,665		$	12,055

See accompanying notes to consolidated condensed financial statements.

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SENSIENT TECHNOLOGIES CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

1. Accounting Policies

In the opinion of Sensient Technologies Corporation (the “Company”), the accompanying unaudited consolidated condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) which are necessary to present fairly the financial position of the Company as of June 30, 2013, and December 31, 2012, the results of operations and comprehensive income for the three and six months ended June 30, 2013 and 2012, and cash flows for the six months ended June 30, 2013 and 2012.  The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from those estimates.

Expenses are charged to operations in the year incurred.  However, for interim reporting purposes, certain expenses, primarily depreciation expense, are charged to operations based on a proportionate share of estimated annual amounts rather than as they are actually incurred. In interim periods, depreciation expense is estimated using actual depreciation on fixed assets that have been placed in service at the beginning of the year, combined with an estimate of depreciation expense on expected current year additions.

On January 1, 2013, the Company adopted Accounting Standards Update (ASU) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires companies to report the effect on the line items for significant items reclassified out of other comprehensive income to net income, prospectively. The Company has included this disclosure in Note 9 of these Consolidated Condensed Financial Statements. The adoption of this ASU had no impact on the Company’s financial condition or results of operations.

Refer to the notes in the Company's annual consolidated financial statements for the year ended December 31, 2012, for additional details of the Company's financial condition and a description of the Company’s accounting policies, which have been continued without change except with respect to ASU No. 2013-02.

2. Fair Value

Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, defines fair value for financial assets and liabilities, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. As of June 30, 2013 and December 31, 2012, the Company’s only assets and liabilities subject to this standard are forward exchange contracts and mutual fund investments. The fair value of the forward exchange contracts based on current pricing obtained for comparable derivative products (Level 2 inputs) was a liability of $0.2 million as of June 30, 2013 and was negligible as of December 31, 2012. The fair value of the investments based on June 30, 2013, and December 31, 2012, market quotes (Level 1 inputs) was an asset of $19.6 million and $20.3 million, respectively.

The carrying values of the Company’s cash and cash equivalents, trade accounts receivable, accounts payable, accrued expenses and short-term borrowings approximated fair values as of June 30, 2013. The fair value of the Company’s long-term debt, including current maturities, is estimated using discounted cash flows based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements (Level 2 inputs). The carrying value of the long-term debt at June 30, 2013, was $342.7 million. The fair value of the long-term debt at June 30, 2013, was $358.3 million.

3. Debt

On April 5, 2013, the Company entered into an agreement with investors to issue 10-year, fixed-rate senior notes of $75 million and about €38 million at fixed rates of 3.66% and 3.06%, respectively. These notes will have a final maturity in November of 2023. Proceeds from the sale of the notes will be received in November 2013 and used to repay maturing debt and for general corporate purposes.

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4. 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, 2013:
Revenue from external customers	$	219,142	$	121,376	$	38,288		$	378,806
Intersegment revenue		8,776		5,213		517			14,506
Total revenue	$	227,918	$	126,589	$	38,805		$	393,312
Operating income (loss)	$	32,561	$	27,710	$	(11,593	)	$	48,678
Interest expense		-		-		4,008			4,008
Earnings (loss) before income taxes	$	32,561	$	27,710	$	(15,601	)	$	44,670
Three months ended June 30, 2012:
Revenue from external customers	$	208,941	$	123,383	$	35,453		$	367,777
Intersegment revenue		9,977		5,858		324			16,159
Total revenue	$	218,918	$	129,241	$	35,777		$	383,936
Operating income (loss)	$	33,459	$	26,553	$	(5,714	)	$	54,298
Interest expense		-		-		4,347			4,347
Earnings (loss) before income taxes	$	33,459	$	26,553	$	(10,061	)	$	49,951

(In thousands)	Flavors & Fragrances		Color		Corporate & Other			Consolidated
Six months ended June 30, 2013:
Revenue from external customers	$	426,757	$	243,657	$	74,032		$	744,446
Intersegment revenue		18,202		10,810		766			29,778
Total revenue	$	444,959	$	254,467	$	74,798		$	774,224
Operating income (loss)	$	61,481	$	53,683	$	(30,148	)	$	85,016
Interest expense		-		-		8,269			8,269
Earnings (loss) before income taxes	$	61,481	$	53,683	$	(38,417	)	$	76,747
Six months ended June 30, 2012:
Revenue from external customers	$	413,341	$	250,085	$	70,011		$	733,437
Intersegment revenue		20,308		11,412		762			32,482
Total revenue	$	433,649	$	261,497	$	70,773		$	765,919
Operating income (loss)	$	62,524	$	52,336	$	(14,073	)	$	100,787
Interest expense		-		-		8,753			8,753
Earnings (loss) before income taxes	$	62,524	$	52,336	$	(22,826	)	$	92,034

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.

5. Inventories

At June 30, 2013 and December 31, 2012, inventories included finished and in-process products totaling $278.2 million and $301.6 million, respectively, and raw materials and supplies of $148.8 million and $141.1 million, respectively.

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6. Retirement Plans

The Company’s components of annual benefit cost for the defined benefit plans for the periods presented are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2013			2012			2013			2012
Service cost	$	755		$	635		$	1,513		$	1,271
Interest cost		600			675			1,204			1,352
Expected return on plan assets		(362	)		(358	)		(727	)		(717	)
Amortization of prior service cost		43			493			86			986
Amortization of actuarial loss		799			188			1,599			377
Defined benefit expense	$	1,835		$	1,633		$	3,675		$	3,269

7. Derivative Instruments and Hedging Activity

The Company may use forward exchange contracts and foreign currency denominated debt to manage its exposure to foreign exchange risk by reducing the effect of fluctuating foreign currencies on short-term foreign currency denominated intercompany transactions, non-functional currency raw material purchases, non-functional currency sales and other known foreign currency exposures. These forward exchange contracts have maturities of less than twelve months. The Company’s primary hedging activities and their accounting treatment are summarized below:

Forward exchange contracts – The forward exchange contracts that have been designated as hedges are accounted for as cash flow hedges. The Company had $25.5 million and $18.9 million of forward exchange contracts, designated as hedges, outstanding as of June 30, 2013, and December 31, 2012, respectively. Due to the short term nature of these contracts, the results of these transactions are not material to the financial statements. In addition, the Company utilizes forward exchange contracts that are not designated as cash flow hedges and the results of these transactions are not material to the financial statements.

Net investment hedges – The Company has certain debt denominated in Euros and Swiss Francs. These debt instruments have been designated as partial hedges of the Company’s Euro and Swiss Franc net asset positions. Changes in the fair value of this debt attributable to changes in the spot foreign exchange rate are recorded in foreign currency translation in other comprehensive income (“OCI”). As of June 30, 2013, and December 31, 2012, the total value of the Company’s Euro and Swiss Franc debt was $91.5 million and $55.0 million, respectively.  For the three and six months ended June 30, 2013, the impact of foreign exchange rates on these debt instruments increased debt by $1.1 million and decreased debt by $1.4 million, respectively, and has been recorded as foreign currency translation in OCI.

8. Income Taxes

The effective income tax rates for the quarters ended June 30, 2013 and 2012 were 27.7% and 30.1%, respectively. For the six months ended June 30, 2013 and 2012, the effective income tax rates were 30.0% and 30.7%, respectively. The effective tax rates in both 2013 and 2012 were reduced by changes in estimates associated with the finalization of prior year foreign and domestic tax items, including the reversal of valuation allowances related to tax loss carryovers. The 2013 rates in the three- and six-month periods include the impact of the restructuring costs.

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9. Accumulated Other Comprehensive Income

The following tables summarize the changes in Accumulated Other Comprehensive Income (OCI) during the three- and six-month periods ended June 30, 2013:

Three Months Ended June 30, 2013
(In thousands)	Cash Flow Hedges (a)			Pension Items (a)			Foreign Currency Items			Total
Balance as of March 31, 2013	$	282		$	(11,534	)	$	(11,386	)	$	(22,638	)
Other comprehensive loss before reclassifications		(750	)		-			(7,375	)		(8,125	)
Amounts reclassified from OCI		(27	)		527			-			500
Balance as of June 30, 2013	$	(495	)	$	(11,007	)	$	(18,761	)	$	(30,263	)
Six Months Ended June 30, 2013
(In thousands)	Cash Flow Hedges (a)			Pension Items (a)			Foreign Currency Items			Total
Balance as of December 31, 2012	$	35		$	(12,062	)	$	7,442		$	(4,585	)
Other comprehensive loss before reclassifications		(478	)		-			(26,203	)		(26,681	)
Amounts reclassified from OCI		(52	)		1,055			-			1,003
Balance as of June 30, 2013	$	(495	)	$	(11,007	)	$	(18,761	)	$	(30,263	)

(a) Cash Flow Hedges and Pension Items are net of tax.

The following table summarizes the pension items reclassified out of OCI and into the Statement of Earnings during the three- and six-month periods ended June 30, 2013:

(In thousands)	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013
Amortization of pension expense included in selling and administrative expense:
Prior service cost	$	43		$	86
Actuarial loss		799			1,599
Total before income taxes		842			1,685
Tax benefit		(315	)		(630	)
Total net of tax	$	527		$	1,055

10. Restructuring

The Company recorded restructuring costs of $6.6 million ($4.7 million after-tax) and $19.4 million ($14.1 million after-tax) for the three- and six-month periods ended June 30, 2013, respectively, 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.

8

Detail of the restructuring costs and the line items in which it was recorded in the Corporate & Other segment are as follows:

Three Months Ended June 30, 2013
	Selling &		Cost of
(In thousands)	Administrative		Products Sold		Total
Employee separations	$	2,428	$	-	$	2,428
Long-lived asset impairment		880		-		880
Write-down of inventory		-		277		277
Other Costs		3,057		-		3,057
Total	$	6,365	$	277	$	6,642

Six Months Ended June 30, 2013
	Selling &		Cost of
(In thousands)	Administrative		Products Sold		Total
Employee separations	$	11,340	$	-	$	11,340
Long-lived asset impairment		3,406		-		3,406
Write-down of inventory		-		872		872
Other Costs		3,797		-		3,797
Total	$	18,543	$	872	$	19,415

The Company expects to incur approximately $6 million to $9 million of additional restructuring costs by the end of December 2013.

The following table summarizes the restructuring costs by segment:

	Three Months Ended		Six Months Ended
(In thousands)	June 30, 2013		June 30, 2013
Flavors & Fragrances	$	5,951	$	14,490
Color		600		4,310
Corporate & Other		91		615
Total	$	6,642	$	19,415

The following table summarizes the accrual for the restructuring and other charges for the six-month period ended June 30, 2013:

	Employee			Asset Related
(In thousands)	Separations			and other			Total
Balance as of December 31, 2012	$	-		$	-		$	-
Restructuring costs		11,340			8,075			19,415
Cash spent		(4,910	)		(2,451	)		(7,361	)
Reduction of assets		-			(4,278	)		(4,278	)
Translation adjustment		(135	)		-			(135	)
Balance as of June 30, 2013	$	6,295		$	1,346		$	7,641

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11. Commitments and Contingencies

Cherry Blossom Litigation

Cherry Blossom LLC, a Traverse City, Michigan contractor that had produced cherry products for the Company, ceased operations in May 2009.  At the time, Cherry Blossom had physical possession of brined cherries belonging to the Company with a book value of approximately $0.5 million. Despite the Company’s demands, Cherry Blossom refused to permit the Company to take possession of the cherries for processing elsewhere.

In June 2009, the Company sued Cherry Blossom in the Circuit Court of Grand Traverse County, Michigan, seeking an order for return of the cherries.  Cherry Blossom’s asset based lender, Crossroads Financial (which claimed to be owed $1.4 million) (“Crossroads”), intervened and claimed a senior lien on the cherries. The Circuit Court denied the Company’s request for immediate possession and permitted Cherry Blossom to retain and process the cherries.  The Circuit Court later held that Crossroads had a senior lien on the cherries and was entitled to receive the proceeds from the sale of the cherries. The Circuit Court also denied the Company’s cross claims against Crossroads to recoup certain overpayments that the Company made to Cherry Blossom/Crossroads and to recoup payments made by the Company to the United States Department of Labor on Cherry Blossom’s/Crossroads’ behalf. The Company has appealed these adverse decisions of the Circuit Court.

Crossroads asserted a claim against the Company for money damages in an undetermined amount. Crossroads claimed that it has a lien on all of Cherry Blossom’s accounts receivable from the Company and that the Company had performed a number of offsets against its accounts payable to Cherry Blossom in derogation of Crossroads’ rights as lienholder. The Circuit Court denied Crossroads’ claims for money damages against the Company.  Crossroads has appealed this adverse decision of the Circuit Court.

The Company and Crossroads completed briefing on their respective appeals on January 6, 2012. The Michigan Court of Appeals has scheduled oral argument for September 10, 2013.

Cherry Blossom counterclaimed against the Company, alleging that Cherry Blossom had purchased exclusive rights to certain proprietary cherry processing formulas used in the Company’s cherry product.  Cherry Blossom sought a preliminary injunction against the Company’s delivery of copies of the formulas to any third party. The Court denied Cherry Blossom’s motion regarding the formulas and eventually dismissed Cherry Blossom’s claims. The Company also initiated a suit against Cherry Blossom in the United States District Court for the Western District of Michigan seeking a declaratory judgment that the Company has the right to use the cherry processing formulas.  Because Cherry Blossom subsequently filed a petition in bankruptcy, the Federal District Court closed the matter. This closing was for administrative purposes only and did not constitute a decision on the merits.

Christopher Hubbell, a principal of Cherry Blossom, has personally filed a petition for bankruptcy. The Company originally opposed the bankruptcy petition to the extent Mr. Hubbell sought a discharge of the Company’s alleged damages arising from his own fraudulent acts connected to Cherry Blossom’s granting of an allegedly superior interest in the Company’s cherries to Crossroads.  The Company and Hubbell filed a joint motion to dismiss the Company’s claims against Hubbell without prejudice pending the Michigan state court action.  The Bankruptcy Court granted the motion.  Under the terms of the dismissal, if the state courts determine that the Company is liable to Crossroads, the Company will have 60 days to reopen the adversary proceeding and pursue its claims against Hubbell.  If the state courts determine that the Company is not liable to Crossroads, the dismissal shall be deemed with prejudice.

Vega v. Sensient Dehydrated Flavors LLC

On January 3, 2013, Thomas Vega, a current employee, filed (but did not serve) a Class Action Complaint in San Francisco County Superior Court against Sensient Dehydrated Flavors LLC.  On February 11, 2013, Vega filed and served a First Amended Complaint (“Complaint”) against the Company and a Company supervisor. Vega alleges that the Company failed to provide alleged class members with meal periods, compensation for the alleged absence of meal periods, and accurate wage statements, in violation of the California labor code. The alleged class includes all employees paid on an hourly basis and all forklift operators. The Complaint seeks damages, back wages, injunctive relief, penalties, interest, and attorneys’ fees for the members of the alleged class. The Complaint alleges that the total damages and costs “do not exceed a[n] aggregate of $4,999,999.99.”

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The Complaint alleges two causes of action. The first cause of action is for “Unfair Competition.” The plaintiff’s theory is that the Company, by allegedly not complying with state wage and hour laws, had an unfair competitive advantage against other employers who were complying with those laws. The main strategic reason that plaintiffs plead this cause of action is that the statute of limitations is four years. The second cause of action is for alleged substantive violations of the California labor code provisions governing wages, hours, and meal periods.

On March 13, 2013, the parties filed a joint stipulation and proposed order to remove the case from San Francisco County Superior Court to Stanislaus County Superior Court. On April 18, 2013, the Court granted the request.  The discovery process is currently underway.  The parties have also agreed to pursue an early mediated resolution of this matter.  The mediation will occur on October 7, 2013.

The Company is involved in various other claims and litigation arising in the normal course of business.  In the judgment of management, which relies in part on information from Company counsel, the ultimate resolution of these actions will not materially affect the consolidated financial statements of the Company except as described above.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

OVERVIEW

Revenue was $378.8 million in the quarter ended June 30, 2013, an increase of 3.0% from $367.8 million reported in the second quarter of 2012. Revenue for the six months ended June 30, 2013, was $744.4 million, an increase of 1.5% from the prior year. Revenue for the Flavors & Fragrances segment increased 4.1% and 2.6% for the quarter and six months ended June 30, 2013, respectively, from the comparable periods last year.  Color segment revenue decreased 2.1% and 2.7% for the quarter and six months ended June 30, 2013, respectively, from the comparable periods last year primarily due to the reduction of sales of non-strategic and lower margin products. Corporate & Other revenue increased 8.5% and 5.7% for the quarter and six months ended June 30, 2013, respectively, from the comparable periods last year. The impact of foreign exchange rates increased consolidated revenue by approximately 50 basis points and 10 basis points in the quarter and six months ended June 30, 2013, respectively. Additional information on group results can be found in the Segment Information section.

Earlier this year, the Company announced that it was initiating a broad and strategic restructuring plan. The plan includes relocating the Flavors & Fragrances Group headquarters to Chicago, consolidating several operating facilities throughout Europe and North America, and reducing headcount by more than 200 employees.

The gross profit margin was 32.3% for the quarter ended June 30, 2013, and 32.6% for the same period in 2012. The gross profit margin was 32.2% and 32.1% for the six months ended June 30, 2013 and 2012, respectively. Included in cost of sales are $0.3 million and $0.9 million of restructuring costs in the quarter and six months ended June 30, 2013, respectively, which reduced gross profit. Before the restructuring costs, gross margin decreased 20 basis points to 32.4% in the second quarter primarily due to the impact of higher manufacturing costs, partially offset by an increase in selling prices. For the six months ended June 30, 2013, gross margin before the restructuring costs was 32.3%, an increase of 20 basis points primarily due to higher selling prices and favorable product mix which more than offset higher raw material costs.

Selling and administrative expenses as a percent of revenue were 19.5% and 17.9% in the quarters ended June 30, 2013 and 2012, respectively. For the six months ended June 30, 2013 and 2012, selling and administrative expenses as a percent of revenue were 20.8% and 18.3%, respectively. Restructuring costs of $6.4 million and $18.5 million were included in selling and administrative expenses in the three and six months ended June 30, 2013, respectively. Before the restructuring costs, selling and administrative expenses as a percent of revenue were 17.8% and 18.3% for the three and six months ended June 30, 2013, respectively. Lower legal and other professional fees and savings from the 2013 restructuring program were partially offset by normal inflationary increases.

Operating income was $48.7 million and $54.3 million for the second quarters of 2013 and 2012, respectively. Before the $6.6 million of total restructuring costs, operating income for the second quarter of 2013 was $55.3 million, an increase of 1.9% from the prior year. Operating income for the six months ended June 30, 2013 and 2012, respectively, was $85.0 million and $100.8 million. Before the $19.4 million of total restructuring costs, operating income for the first six months of 2013 was $104.4 million, an increase of 3.6%. The impact of foreign exchange rates increased operating profit by approximately 80 basis points and 60 basis points in the three and six months ended June 30, 2013, respectively. Operating margins were 12.9% and 14.8% for the second quarters of 2013 and 2012, respectively, and 11.4% and 13.7% for the six months ended June 30, 2013 and 2012, respectively. Before the impact of the restructuring costs, 2013 operating margin was 14.6% in the second quarter and 14.0% for the first six months of 2013.

Interest expense for the second quarters of 2013 and 2012 was $4.0 million and $4.3 million, respectively. For the first six months of the year, interest expense was $8.3 million in 2013 and $8.8 million in 2012. The decrease is primarily due to lower average interest rates in the quarter and six months ended June 30, 2013.

The effective income tax rates were 27.7% and 30.1% for the quarters ended June 30, 2013 and 2012, respectively. The effective income tax rates were 30.0% and 30.7% in the six months ended June 30, 2013 and 2012, respectively. Before the restructuring costs, the effective tax rate was 27.9% and 29.5% for the three and six months ended June 30, 2013. The effective tax rates in both 2013 and 2012 were reduced by changes in estimates associated with the finalization of prior year tax items and valuation allowances. The Company expects the effective tax rate for the remainder of 2013 to be between 32.0% and 32.5%, before the income tax expense or benefit related to discrete items and the restructuring costs, which will be reported in the quarter in which they occur.

12

The table below reconciles the reported three and six months ended June 30, 2013, results to those results before the impact of the restructuring charge, which are non-GAAP financial measures.

($'s in thousands)	Reported 2013			Restructuring Impact			Adjusted 2013
Quarter ended June 30, 2013
Revenue	$	378,806		$	-		$	378,806
Cost of products sold		256,285			277			256,008
Selling and administrative expenses		73,843			6,365			67,478
Operating income		48,678			(6,642	)		55,320
Interest expense		4,008			-			4,008
Earnings before income taxes		44,670			(6,642	)		51,312
Income taxes		12,388			(1,940	)		14,328
Net earnings	$	32,282		$	(4,702	)	$	36,984
Gross margin		32.3	%					32.4	%
Selling and administrative		19.5	%					17.8	%
Operating margin		12.9	%					14.6	%
Effective income tax rate		27.7	%					27.9	%
Six Months ended June 30, 2013
Revenue	$	744,446		$	-		$	744,446
Cost of products sold		504,788			872			503,916
Selling and administrative expenses		154,642			18,543			136,099
Operating income		85,016			(19,415	)		104,431
Interest expense		8,269			-			8,269
Earnings before income taxes		76,747			(19,415	)		96,162
Income taxes		23,026			(5,306	)		28,332
Net earnings	$	53,721		$	(14,109	)	$	67,830
Gross margin		32.2	%					32.3	%
Selling and administrative		20.8	%					18.3	%
Operating margin		11.4	%					14.0	%
Effective income tax rate		30.0	%					29.5	%

The company has included non-GAAP financial measures, to remove the costs related to the restructuring plan and provide investors with a view of operating performance excluding the restructuring costs.

SEGMENT INFORMATION

Flavors & Fragrances –

Revenue for the Flavors & Fragrances segment was $227.9 million and $218.9 million in the second quarters of 2013 and 2012, respectively. Higher revenue in North America ($5.7 million), Europe ($1.3 million) and Mexico ($0.6 million) was combined with the favorable impact of foreign exchange rates ($1.3 million). The higher revenue was due to increased volumes in all markets combined with higher prices in North America and Mexico.

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Flavors & Fragrances segment operating income was $32.6 million and $33.5 million in the second quarters of 2013 and 2012, respectively. The decrease was primarily attributable to lower profit in Europe ($1.2 million) partially offset by higher profit in Mexico ($0.3 million) and the favorable impact of foreign exchange rates ($0.2 million). The lower profit in Europe was primarily related to increased costs, including expansion of our sales and technical staff, and lower selling prices. Higher profit in Mexico was primarily due to favorable pricing. Profit in North America was flat with the prior year in the quarter as the impact of higher volume and higher selling prices was offset by higher raw material and other costs. Operating income as a percent of revenue was 14.3% and 15.3% for the second quarters of 2013 and 2012, respectively.

Revenue for the Flavors & Fragrances segment was $445.0 million and $433.6 million for the six months ended June 30, 2013 and 2012, respectively. The increase in revenue was primarily due to higher revenue in North America ($6.6 million), Europe ($2.4 million) and Mexico ($0.8 million) combined with the favorable impact of foreign exchange rates ($1.6 million). The higher revenue in both North America and Mexico was primarily due to higher prices and increased volumes. The higher revenue in Europe was primarily due to higher volumes.

Operating income was $61.5 million and $62.5 million for the six months ended June 30, 2013 and 2012, respectively. Lower profit in Europe ($1.6 million) was partially offset by higher profit in North America ($0.5 million). The lower profit in Europe was primarily due to higher costs, including expansion of our sales and technical staff. The higher profit in North America was primarily due to the impact of higher prices and volumes partially offset by higher raw material and other costs.

Color –

Revenue for the Color segment was $126.6 million and $129.2 million for the quarters ended June 30, 2013 and 2012, respectively. The lower revenue was primarily related to lower sales of non-food colors ($2.0 million) and lower sales of food and beverage colors ($1.1 million). The lower sales of non-food colors and food and beverage colors were primarily due to lower volumes. The lower sales of non-food colors were primarily due to the termination of a supply agreement by a major customer of OEM inkjet ink products. Sales under this supply agreement were non-strategic products that the Company continues to rationalize and were partially offset by higher margin digital inks sales. The Company believes that there is more potential in digital inks and is focusing on this higher margin business for growth.

Operating income for the quarter ended June 30, 2013, was $27.7 million, an increase of 4.4% from the $26.6 million reported in the comparable period last year. The increase was primarily due to higher profit on sales of non-food colors ($2.0 million) partially reduced by lower profit on sales of food and beverage colors ($1.0 million). The higher profit on sales of non-food colors was primarily driven by favorable product mix. The lower profit on sales of food and beverage colors was primarily due to lower volumes. Operating income as a percent of revenue increased 140 basis points to 21.9% in the second quarter of 2013 from 20.5% in the prior year’s quarter.

Color segment revenue was $254.5 million and $261.5 million for the six months ended June 30, 2013 and 2012, respectively. The lower revenue was primarily due to lower sales of non-food colors ($5.5 million) and food and beverage colors ($1.2 million), both caused by lower volumes.

Operating income was $53.7 million for the first six months of 2013, an increase of 2.6% from $52.3 million reported for the first six months of 2012. The increase was primarily due to the higher profit on sales of non-food colors ($2.0 million), partially offset by lower profit on sales of food and beverage colors ($0.8 million). The higher profit on sales of non-food colors was primarily due to favorable product mix. The lower profit on sales of food and beverage colors was primarily due to lower volumes. Operating income as a percent of revenue was 21.1%, up from 20.0% in the prior year’s first six months.

Corporate & Other –

Revenue for the Corporate & Other segment increased 8.5% to $38.8 million for the quarter ended June 30, 2013, from $35.8 million for the quarter ended June 30, 2012. The increase was primarily related to higher volumes in Asia Pacific.

The Corporate & Other segment reported operating losses of $11.6 million and $5.7 million for the quarters ended June 30, 2013 and 2012, respectively. The lower results were primarily due to $6.6 million of restructuring charges recorded in the second quarter of 2013 partially offset by the profit on higher volumes in Asia Pacific and lower expenses. All restructuring charges for the Company are included in the Corporate & Other segment.

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Revenue for the Corporate & Other segment was $74.8 million for the first six months of 2013, an increase of 5.7% from the $70.8 million reported in the first six months of 2012. The increase was primarily due to higher volumes in Asia Pacific.

An operating loss of $30.1 million was reported in the first six months of 2013 compared to an operating loss of $14.1 million in the prior year period. The lower results were primarily due to $19.4 million of restructuring charges in 2013 partially offset by the profit on higher volumes in Asia Pacific and lower expenses.

LIQUIDITY AND FINANCIAL CONDITION

The Company’s ratio of debt to total capital was 24.3% and 23.5% as of June 30, 2013, and December 31, 2012, respectively. The increase was due to higher debt at June 30, 2013, partially reduced by higher total equity. Debt increases are discussed below.

Net cash provided by operating activities was $70.0 million and $49.1 million for the six months ended June 30, 2013 and 2012, respectively. The increase in cash provided by operating activities was primarily due to lower cash required to fund working capital. The decrease in working capital requirements was primarily driven by a current year decrease in inventory and a prior year decrease in accounts payable.

Net cash used in investing activities was $55.3 million and $46.7 million for the six months ended June 30, 2013 and 2012, respectively. Capital expenditures were $55.2 million and $47.8 million for the six months ended June 30, 2013 and 2012, respectively. The increase in capital expenditures is related to the expansion of capabilities and improvement of efficiencies at various locations combined with the capital required for the restructuring program.

Net cash used in financing activities was $1.6 million in the first six months of 2013 and $13.6 million in the comparable period of 2012. The cash required to fund capital expenditures, treasury stock purchases (in 2012 only) and dividend payments in the first six months of 2013 and 2012 caused the Company to increase debt by a net amount of $20.5 million and $24.2 million, respectively. For purposes of the cash flow statement, net changes in debt exclude the impact of foreign exchange rates. Dividends of $22.5 million and $21.5 million were paid during the six months ended June 30, 2013 and 2012, respectively. Dividends were 45 cents per share for the first six months of 2013 and 43 cents per share in the comparable period of 2012, reflecting the Company’s increase in the quarterly dividend to 23 cents per share beginning in the second quarter of 2013.

The Company’s financial position remains strong. The Company entered into an agreement to borrow approximately $125 million of U.S. Dollar and Euro-denominated debt. Proceeds under the debt agreement will be received in November 2013 and will be used to pay off maturing debt and to re-finance floating-rate debt. The Company expects that its cash flows from operations, the new debt agreement and existing lines of credit can be used to meet future cash requirements for operations, capital expenditures, stock repurchases, if any, and dividend payments to shareholders.

CONTRACTUAL OBLIGATIONS

There have been no material changes in the Company’s contractual obligations during the quarter ended June 30, 2013.  For additional information about contractual obligations, refer to page 21 of the Company’s 2012 Annual Report, portions of which were filed as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

OFF-BALANCE SHEET ARRANGEMENTS

The Company had no off-balance sheet arrangements as of June 30, 2013.

CRITICAL ACCOUNTING POLICIES

There have been no material changes in the Company’s critical accounting policies during the quarter ended June 30, 2013.  For additional information about critical accounting policies, refer to pages 19 and 20 of the Company’s 2012 Annual Report, portions of which were filed as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes in the Company’s exposure to market risk during the quarter ended June 30, 2013.  For additional information about market risk, refer to pages 20 and 21 of the Company’s 2012 Annual Report, portions of which were filed as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures:  The Company carried out an evaluation, under the supervision and with the participation of management, including the Company’s Chairman and Chief Executive Officer and its Senior Vice President and Chief Financial Officer, of the effectiveness, as of the end of the period covered by this report, of the design and operation of the disclosure controls and procedures, as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934.  Based upon that evaluation, the Company’s Chairman and Chief Executive Officer and its Senior Vice President and Chief Financial Officer have concluded that the disclosure controls and procedures were effective as of the end of the period covered by this report.

Change in Internal Control Over Financial Reporting:  There has been no change in the Company’s internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) during the Company’s most recent quarter that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

FORWARD-LOOKING STATEMENTS

This document contains forward-looking statements that reflect management’s current assumptions and estimates of future economic circumstances, industry conditions, Company performance and financial results.  Forward-looking statements include statements in the future tense, statements referring to any period after June 30, 2013, and statements including the terms “expect,” “believe,” “anticipate” and other similar terms that express expectations as to future events or conditions.  The Private Securities Litigation Reform Act of 1995 provides a safe harbor for such forward-looking statements.  Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that could cause actual events to differ materially from those expressed in those statements.  A variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results.  These factors and assumptions include the pace and nature of new product introductions by the Company’s customers; the Company’s ability to successfully implement its growth strategies and restructuring plan; the outcome of the Company’s various productivity-improvement and cost-reduction efforts; changes in costs of raw materials and energy; industry and economic factors related to the Company’s domestic and international business; competition from other suppliers of colors, flavors and fragrances; growth or contraction in markets for products in which the Company competes; terminations and other changes in customer relationships; industry and customer acceptance of price increases; currency exchange rate fluctuations; cost and availability of credit; results of litigation, environmental investigations or other proceedings; complications as a result of existing or future information technology system applications and hardware; the matters discussed under Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2012; and the matters discussed above under Item 2 including the critical accounting policies referenced therein.  The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

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PART II.  OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Commercial Litigation

Cherry Blossom Litigation

Cherry Blossom LLC, a Traverse City, Michigan contractor that had produced cherry products for the Company, ceased operations in May 2009.  At the time, Cherry Blossom had physical possession of brined cherries belonging to the Company with a book value of approximately $0.5 million. Despite the Company’s demands, Cherry Blossom refused to permit the Company to take possession of the cherries for processing elsewhere.

In June 2009, the Company sued Cherry Blossom in the Circuit Court of Grand Traverse County, Michigan, seeking an order for return of the cherries.  Cherry Blossom’s asset based lender, Crossroads Financial (which claimed to be owed $1.4 million) (“Crossroads”), intervened and claimed a senior lien on the cherries. The Circuit Court denied the Company’s request for immediate possession and permitted Cherry Blossom to retain and process the cherries.  The Circuit Court later held that Crossroads had a senior lien on the cherries and was entitled to receive the proceeds from the sale of the cherries. The Circuit Court also denied the Company’s cross claims against Crossroads to recoup certain overpayments that the Company made to Cherry Blossom/Crossroads and to recoup payments made by the Company to the United States Department of Labor on Cherry Blossom’s/Crossroads’ behalf. The Company has appealed these adverse decisions of the Circuit Court.

Crossroads asserted a claim against the Company for money damages in an undetermined amount. Crossroads claimed that it has a lien on all of Cherry Blossom’s accounts receivable from the Company and that the Company had performed a number of offsets against its accounts payable to Cherry Blossom in derogation of Crossroads’ rights as lienholder. The Circuit Court denied Crossroads’ claims for money damages against the Company.  Crossroads has appealed this adverse decision of the Circuit Court.

The Company and Crossroads completed briefing on their respective appeals on January 6, 2012. The Michigan Court of Appeals has scheduled oral argument for September 10, 2013.

Cherry Blossom counterclaimed against the Company, alleging that Cherry Blossom had purchased exclusive rights to certain proprietary cherry processing formulas used in the Company’s cherry product.  Cherry Blossom sought a preliminary injunction against the Company’s delivery of copies of the formulas to any third party. The Court denied Cherry Blossom’s motion regarding the formulas and eventually dismissed Cherry Blossom’s claims. The Company also initiated a suit against Cherry Blossom in the United States District Court for the Western District of Michigan seeking a declaratory judgment that the Company has the right to use the cherry processing formulas.  Because Cherry Blossom subsequently filed a petition in bankruptcy, the Federal District Court closed the matter. This closing was for administrative purposes only and did not constitute a decision on the merits.

Christopher Hubbell, a principal of Cherry Blossom, has personally filed a petition for bankruptcy. The Company originally opposed the bankruptcy petition to the extent Mr. Hubbell sought a discharge of the Company’s alleged damages arising from his own fraudulent acts connected to Cherry Blossom’s granting of an allegedly superior interest in the Company’s cherries to Crossroads.  The Company and Hubbell filed a joint motion to dismiss the Company’s claims against Hubbell without prejudice pending the Michigan state court action.  The Bankruptcy Court granted the motion.  Under the terms of the dismissal, if the state courts determine that the Company is liable to Crossroads, the Company will have 60 days to reopen the adversary proceeding and pursue its claims against Hubbell.  If the state courts determine that the Company is not liable to Crossroads, the dismissal shall be deemed with prejudice.

17

Vega v. Sensient Dehydrated Flavors LLC

On January 3, 2013, Thomas Vega, a current employee, filed (but did not serve) a Class Action Complaint in San Francisco County Superior Court against Sensient Dehydrated Flavors LLC.  On February 11, 2013, Vega filed and served a First Amended Complaint (“Complaint”) against the Company and a Company supervisor. Vega alleges that the Company failed to provide alleged class members with meal periods, compensation for the alleged absence of meal periods, and accurate wage statements, in violation of the California labor code. The alleged class includes all employees paid on an hourly basis and all forklift operators. The Complaint seeks damages, back wages, injunctive relief, penalties, interest, and attorneys’ fees for the members of the alleged class. The Complaint alleges that the total damages and costs “do not exceed a[n] aggregate of $4,999,999.99.”

The Complaint alleges two causes of action. The first cause of action is for “Unfair Competition.” The plaintiff’s theory is that the Company, by allegedly not complying with state wage and hour laws, had an unfair competitive advantage against other employers who were complying with those laws. The main strategic reason that plaintiffs plead this cause of action is that the statute of limitations is four years. The second cause of action is for alleged substantive violations of the California labor code provisions governing wages, hours, and meal periods.

On March 13, 2013, the parties filed a joint stipulation and proposed order to remove the case from San Francisco County Superior Court to Stanislaus County Superior Court. On April 18, 2013, the Court granted the request.  The discovery process is currently underway.  The parties have also agreed to pursue an early mediated resolution of this matter.  The mediation will occur on October 7, 2013.

The Company is involved in various other claims and litigation arising in the normal course of business.  In the judgment of management, which relies in part on information from Company counsel, the ultimate resolution of these actions will not materially affect the consolidated financial statements of the Company except as described above.

ITEM 1A. RISK FACTORS

See “Risk Factors” in Item 1A of the Company’s annual report on Form 10-K for the year ended December 31, 2012.

ITEM 6. EXHIBITS

See Exhibit Index following this report.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		SENSIENT TECHNOLOGIES CORPORATION
Date:	August 6, 2013	By:	/s/  John L. Hammond
			John L. Hammond, Senior Vice President,
			General Counsel & Secretary
Date:	August 6, 2013	By:	/s/  Richard F. Hobbs
			Richard F. Hobbs, Senior Vice President & Chief Financial Officer

19

SENSIENT TECHNOLOGIES CORPORATION

EXHIBIT INDEX

QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTER ENDED JUNE 30, 2013

Exhibit	Description	Incorporated by Reference From	Filed Herewith
3.2	Amended and Restated By-laws of Sensient Technologies Corporation as amended as of July 25, 2013	Exhibit 3.2 to Current Report on Form 8-K dated July 26, 2013 (Commission File No. 1-7626)
31	Certifications of the Company’s Chairman & Chief Executive Officer and Senior Vice President & Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act		X
32	Certifications of the Company’s Chairman & Chief Executive Officer and Senior Vice President & Chief Financial Officer pursuant to 18 United States Code § 1350		X

101 Interactive data files pursuant to Rule 405 of Regulation S-T X

20

EX-31

EXHIBIT 31

CERTIFICATION

Pursuant to Rule 13a-14(a) of the Exchange Act

I, Kenneth P. Manning, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Sensient Technologies Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:     August 6, 2013

/s/ Kenneth P. Manning

Kenneth P. Manning, Chairman &

Chief Executive Officer

EXHIBIT 31

CERTIFICATION

Pursuant to Rule 13a-14(a) of the Exchange Act

I, Richard F. Hobbs, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Sensient Technologies Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:     August 6, 2013

/s/ Richard F. Hobbs

Richard F. Hobbs, Senior Vice President &

Chief Financial Officer

EX-32

EXHIBIT 32

CERTIFICATION

Pursuant to 18 United States Code § 1350

The undersigned hereby certifies that the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2013 of Sensient Technologies Corporation (the “Company”) filed with the Securities and Exchange Commission on or about the date hereof fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in such report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Kenneth P. Manning
Name:	Kenneth P. Manning
Title:	Chairman & Chief Executive Officer
Date:	August 6, 2013

A signed original of this written statement required by Section 906 has been provided to Sensient Technologies Corporation and will be retained by Sensient Technologies Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

EXHIBIT 32

CERTIFICATION

Pursuant to 18 United States Code § 1350

The undersigned hereby certifies that the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2013 of Sensient Technologies Corporation (the “Company”) filed with the Securities and Exchange Commission on or about the date hereof fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in such report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Richard F. Hobbs
Name:	Richard F. Hobbs
Title:	Senior Vice President & Chief Financial Officer
Date:	August 6, 2013

A signed original of this written statement required by Section 906 has been provided to Sensient Technologies Corporation and will be retained by Sensient Technologies Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

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Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Information [Abstract]

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, 2013:
Revenue from external customers	$	219,142	$	121,376	$	38,288		$	378,806
Intersegment revenue		8,776		5,213		517			14,506
Total revenue	$	227,918	$	126,589	$	38,805		$	393,312
Operating income (loss)	$	32,561	$	27,710	$	(11,593	)	$	48,678
Interest expense		-		-		4,008			4,008
Earnings (loss) before income taxes	$	32,561	$	27,710	$	(15,601	)	$	44,670
Three months ended June 30, 2012:
Revenue from external customers	$	208,941	$	123,383	$	35,453		$	367,777
Intersegment revenue		9,977		5,858		324			16,159
Total revenue	$	218,918	$	129,241	$	35,777		$	383,936
Operating income (loss)	$	33,459	$	26,553	$	(5,714	)	$	54,298
Interest expense		-		-		4,347			4,347
Earnings (loss) before income taxes	$	33,459	$	26,553	$	(10,061	)	$	49,951

(In thousands)	Flavors & Fragrances		Color		Corporate & Other			Consolidated
Six months ended June 30, 2013:
Revenue from external customers	$	426,757	$	243,657	$	74,032		$	744,446
Intersegment revenue		18,202		10,810		766			29,778
Total revenue	$	444,959	$	254,467	$	74,798		$	774,224
Operating income (loss)	$	61,481	$	53,683	$	(30,148	)	$	85,016
Interest expense		-		-		8,269			8,269
Earnings (loss) before income taxes	$	61,481	$	53,683	$	(38,417	)	$	76,747
Six months ended June 30, 2012:
Revenue from external customers	$	413,341	$	250,085	$	70,011		$	733,437
Intersegment revenue		20,308		11,412		762			32,482
Total revenue	$	433,649	$	261,497	$	70,773		$	765,919
Operating income (loss)	$	62,524	$	52,336	$	(14,073	)	$	100,787
Interest expense		-		-		8,753			8,753
Earnings (loss) before income taxes	$	62,524	$	52,336	$	(22,826	)	$	92,034

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CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
CURRENT ASSETS:
Cash and cash equivalents	$ 26,665	$ 15,062
Trade accounts receivable, net	259,146	237,626
Inventories	427,041	442,714
Prepaid expenses and other current assets	57,849	55,952
TOTAL CURRENT ASSETS	770,701	751,354
OTHER ASSETS	45,715	47,685
INTANGIBLE ASSETS, NET	10,869	11,578
GOODWILL	441,489	451,318
PROPERTY, PLANT AND EQUIPMENT:
Land	54,940	53,387
Buildings	334,459	339,732
Machinery and equipment	716,314	735,237
Construction in progress	77,513	41,999
Property, Plant and Equipment, Gross, Total	1,183,226	1,170,355
Less accumulated depreciation	(651,105)	(655,647)
Property, Plant and Equipment, Net, Total	532,121	514,708
TOTAL ASSETS	1,800,895	1,776,643
CURRENT LIABILITIES:
Trade accounts payable	88,552	96,283
Accrued salaries, wages and withholdings from employees	27,644	27,162
Other accrued expenses	60,834	56,946
Income taxes	5,943	3,797
Short-term borrowings	30,336	20,048
TOTAL CURRENT LIABILITIES	213,309	204,236
OTHER LIABILITIES	22,259	24,003
ACCRUED EMPLOYEE AND RETIREE BENEFITS	60,464	60,527
LONG-TERM DEBT	342,699	333,979
SHAREHOLDERS' EQUITY:
Common stock	5,396	5,396
Additional paid-in capital	99,437	98,253
Earnings reinvested in the business	1,181,306	1,150,092
Treasury stock, at cost	(93,712)	(95,258)
Accumulated other comprehensive loss	(30,263)	(4,585)
TOTAL SHAREHOLDERS' EQUITY	1,162,164	1,153,898
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,800,895	$ 1,776,643

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Inventories

6 Months Ended

Jun. 30, 2013

Inventories [Abstract]

Inventories

5. Inventories

At June 30, 2013 and December 31, 2012, inventories included finished and in-process products totaling $278.2 million and $301.6 million, respectively, and raw materials and supplies of $148.8 million and $141.1 million, respectively.

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Inventories (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Inventories [Abstract]
Inventories, including finished and in-process products	$ 278.2	$ 301.6
Raw materials and supplies	$ 148.8	$ 141.1

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Retirement Plans (Tables)

6 Months Ended

Jun. 30, 2013

Retirement Plans [Abstract]

Components of annual benefit cost

The Company’s components of annual benefit cost for the defined benefit plans for the periods presented are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2013			2012			2013			2012
Service cost	$	755		$	635		$	1,513		$	1,271
Interest cost		600			675			1,204			1,352
Expected return on plan assets		(362	)		(358	)		(727	)		(717	)
Amortization of prior service cost		43			493			86			986
Amortization of actuarial loss		799			188			1,599			377
Defined benefit expense	$	1,835		$	1,633		$	3,675		$	3,269

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Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Taxes [Abstract]
Effective income tax rates (in hundredths)	27.70%	30.10%	30.00%	30.70%

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Derivative Instruments and Hedging Activity (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2013 Foreign Exchange Forward [Member] Cash Flow Hedging [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Cash Flow Hedging [Member]	Jun. 30, 2013 Foreign Currency Denominated Debt, Net Investment Hedging [Member]	Dec. 31, 2012 Foreign Currency Denominated Debt, Net Investment Hedging [Member]
Derivative instruments and hedging activity for the period [Abstract]
Derivative, fair value			$ 25.5	$ 18.9
Carrying value of foreign denominated debt					91.5	55.0
Impact of foreign exchange rates on debt instruments recorded in Other Comprehensive Income	$ 1.1	$ (1.4)

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Retirement Plans (Details) (Pension Plans, Defined Benefit [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 755	$ 635	$ 1,513	$ 1,271
Interest cost	600	675	1,204	1,352
Expected return on plan assets	(362)	(358)	(727)	(717)
Amortization of prior service cost	43	493	86	986
Amortization of actuarial loss	799	188	1,599	377
Defined benefit expense	$ 1,835	$ 1,633	$ 3,675	$ 3,269

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Accounting Policies

6 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Accounting Policies

1. Accounting Policies

In the opinion of Sensient Technologies Corporation (the “Company”), the accompanying unaudited consolidated condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) which are necessary to present fairly the financial position of the Company as of June 30, 2013, and December 31, 2012, the results of operations and comprehensive income for the three and six months ended June 30, 2013 and 2012, and cash flows for the six months ended June 30, 2013 and 2012.  The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from those estimates.

Expenses are charged to operations in the year incurred.  However, for interim reporting purposes, certain expenses, primarily depreciation expense, are charged to operations based on a proportionate share of estimated annual amounts rather than as they are actually incurred. In interim periods, depreciation expense is estimated using actual depreciation on fixed assets that have been placed in service at the beginning of the year, combined with an estimate of depreciation expense on expected current year additions.

On January 1, 2013, the Company adopted Accounting Standards Update (ASU) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires companies to report the effect on the line items for significant items reclassified out of other comprehensive income to net income, prospectively. The Company has included this disclosure in Note 9 of these Consolidated Condensed Financial Statements. The adoption of this ASU had no impact on the Company’s financial condition or results of operations.

Refer to the notes in the Company's annual consolidated financial statements for the year ended December 31, 2012, for additional details of the Company's financial condition and a description of the Company’s accounting policies, which have been continued without change except with respect to ASU No. 2013-02.

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Debt

6 Months Ended

Jun. 30, 2013

Debt [Abstract]

Debt

3. Debt

On April 5, 2013, the Company entered into an agreement with investors to issue 10-year, fixed-rate senior notes of $75 million and about €38 million at fixed rates of 3.66% and 3.06%, respectively. These notes will have a final maturity in November of 2023. Proceeds from the sale of the notes will be received in November 2013 and used to repay maturing debt and for general corporate purposes.

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Retirement Plans

6 Months Ended

Jun. 30, 2013

Retirement Plans [Abstract]

Retirement Plans

6. Retirement Plans

The Company’s components of annual benefit cost for the defined benefit plans for the periods presented are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2013			2012			2013			2012
Service cost	$	755		$	635		$	1,513		$	1,271
Interest cost		600			675			1,204			1,352
Expected return on plan assets		(362	)		(358	)		(727	)		(717	)
Amortization of prior service cost		43			493			86			986
Amortization of actuarial loss		799			188			1,599			377
Defined benefit expense	$	1,835		$	1,633		$	3,675		$	3,269

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Segment Information

6 Months Ended

Jun. 30, 2013

Segment Information [Abstract]

Segment Information

4. 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, 2013:
Revenue from external customers	$	219,142	$	121,376	$	38,288		$	378,806
Intersegment revenue		8,776		5,213		517			14,506
Total revenue	$	227,918	$	126,589	$	38,805		$	393,312
Operating income (loss)	$	32,561	$	27,710	$	(11,593	)	$	48,678
Interest expense		-		-		4,008			4,008
Earnings (loss) before income taxes	$	32,561	$	27,710	$	(15,601	)	$	44,670
Three months ended June 30, 2012:
Revenue from external customers	$	208,941	$	123,383	$	35,453		$	367,777
Intersegment revenue		9,977		5,858		324			16,159
Total revenue	$	218,918	$	129,241	$	35,777		$	383,936
Operating income (loss)	$	33,459	$	26,553	$	(5,714	)	$	54,298
Interest expense		-		-		4,347			4,347
Earnings (loss) before income taxes	$	33,459	$	26,553	$	(10,061	)	$	49,951

(In thousands)	Flavors & Fragrances		Color		Corporate & Other			Consolidated
Six months ended June 30, 2013:
Revenue from external customers	$	426,757	$	243,657	$	74,032		$	744,446
Intersegment revenue		18,202		10,810		766			29,778
Total revenue	$	444,959	$	254,467	$	74,798		$	774,224
Operating income (loss)	$	61,481	$	53,683	$	(30,148	)	$	85,016
Interest expense		-		-		8,269			8,269
Earnings (loss) before income taxes	$	61,481	$	53,683	$	(38,417	)	$	76,747
Six months ended June 30, 2012:
Revenue from external customers	$	413,341	$	250,085	$	70,011		$	733,437
Intersegment revenue		20,308		11,412		762			32,482
Total revenue	$	433,649	$	261,497	$	70,773		$	765,919
Operating income (loss)	$	62,524	$	52,336	$	(14,073	)	$	100,787
Interest expense		-		-		8,753			8,753
Earnings (loss) before income taxes	$	62,524	$	52,336	$	(22,826	)	$	92,034

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.

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Accumulated Other Comprehensive Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012	Jun. 30, 2013		Jun. 30, 2012
Changes In Accumulated Other Comprehensive Income [Roll Forward]
Cash Flow Hedges, beginning balance	$ 282	[1]		$ 35	[1]
Cash Flow Hedges, other comprehensive income/(loss) before reclassifications	(750)	[1]		(478)	[1]
Cash Flow Hedges, amounts reclassified from OCI	(27)	[1]		(52)	[1]
Cash Flow Hedges, ending balance	(495)	[1]		(495)	[1]
Pension Items, beginning balance	(11,534)	[1]		(12,062)	[1]
Pension Items, other comprehensive income/(loss) before reclassifications	0	[1]		0	[1]
Pension Items, amounts reclassified from OCI	527	[1]		1,055	[1]
Pension Items, ending balance	(11,007)	[1]		(11,007)	[1]
Foreign Currency Items, beginning balance	(11,386)			7,442
Foreign Currency Items, other comprehensive income/(loss) before reclassifications	(7,375)			(26,203)
Foreign Currency Items, amounts reclassified from OCI	0			0
Foreign Currency Items, ending balance	(18,761)			(18,761)
Accumulated Other Comprehensive Income, beginning balance	(22,638)			(4,585)
Other Comprehensive income (loss) before reclassification Adjustments Net Of Tax	(8,125)			(26,681)
Amounts Reclassified from OCI	500			1,003
Accumulated Other Comprehensive Income, ending balance	(30,263)			(30,263)
Amortization of pension expense included in selling and administrative expense [Abstract]
Selling and administrative expense	73,843		65,657	154,642		134,500
Total net of tax	527	[1]		1,055	[1]
Amounts reclassified from accumulated other comprehensive income [Member]
Changes In Accumulated Other Comprehensive Income [Roll Forward]
Pension Items, amounts reclassified from OCI	527			1,055
Amortization of pension expense included in selling and administrative expense [Abstract]
Total before income taxes	842			1,685
Tax benefit	(315)			(630)
Total net of tax	527			1,055
Actuarial Gain Loss [Member] | Amounts reclassified from accumulated other comprehensive income [Member]
Amortization of pension expense included in selling and administrative expense [Abstract]
Selling and administrative expense	799			1,599
Prior Service Cost [Member] | Amounts reclassified from accumulated other comprehensive income [Member]
Amortization of pension expense included in selling and administrative expense [Abstract]
Selling and administrative expense	$ 43			$ 86

[1] Cash Flow Hedges and Pension Items are net of tax.

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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Comprehensive Income	$ 24,657	$ 2,579	$ 28,043	$ 56,360

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Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

9. Accumulated Other Comprehensive Income

The following tables summarize the changes in Accumulated Other Comprehensive Income (OCI) during the three- and six-month periods ended June 30, 2013:

Three Months Ended June 30, 2013
(In thousands)	Cash Flow Hedges (a)			Pension Items (a)			Foreign Currency Items			Total
Balance as of March 31, 2013	$	282		$	(11,534	)	$	(11,386	)	$	(22,638	)
Other comprehensive loss before reclassifications		(750	)		-			(7,375	)		(8,125	)
Amounts reclassified from OCI		(27	)		527			-			500
Balance as of June 30, 2013	$	(495	)	$	(11,007	)	$	(18,761	)	$	(30,263	)
Six Months Ended June 30, 2013
(In thousands)	Cash Flow Hedges (a)			Pension Items (a)			Foreign Currency Items			Total
Balance as of December 31, 2012	$	35		$	(12,062	)	$	7,442		$	(4,585	)
Other comprehensive loss before reclassifications		(478	)		-			(26,203	)		(26,681	)
Amounts reclassified from OCI		(52	)		1,055			-			1,003
Balance as of June 30, 2013	$	(495	)	$	(11,007	)	$	(18,761	)	$	(30,263	)

(a) Cash Flow Hedges and Pension Items are net of tax.

The following table summarizes the pension items reclassified out of OCI and into the Statement of Earnings during the three- and six-month periods ended June 30, 2013:

(In thousands)	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013
Amortization of pension expense included in selling and administrative expense:
Prior service cost	$	43		$	86
Actuarial loss		799			1,599
Total before income taxes		842			1,685
Tax benefit		(315	)		(630	)
Total net of tax	$	527		$	1,055

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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net earnings	$ 53,721	$ 63,811
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization	25,893	24,453
Share-based compensation	1,330	2,425
Loss (Gain) on assets	3,073	(1,047)
Deferred income taxes	(222)	338
Changes in operating assets and liabilities	(13,751)	(40,863)
Net cash provided by operating activities	70,044	49,117
Cash flows from investing activities:
Acquisition of property, plant and equipment	(55,241)	(47,847)
Proceeds from sale of assets	31	1,321
Other investing activity	(132)	(124)
Net cash used in investing activities	(55,342)	(46,650)
Cash flows from financing activities:
Proceeds from additional borrowings	75,596	47,605
Debt payments	(55,127)	(23,435)
Purchase of treasury stock	0	(17,104)
Dividends paid	(22,507)	(21,548)
Proceeds from options exercised and other equity transactions	420	873
Net cash used in financing activities	(1,618)	(13,609)
Effect of exchange rate changes on cash and cash equivalents	(1,481)	342
Net increase (decrease) in cash and cash equivalents	11,603	(10,800)
Cash and cash equivalents at beginning of period	15,062	22,855
Cash and cash equivalents at end of period	$ 26,665	$ 12,055

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CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) [Abstract]
Revenue	$ 378,806	$ 367,777	$ 744,446	$ 733,437
Cost of products sold	256,285	247,822	504,788	498,150
Selling and administrative expenses	73,843	65,657	154,642	134,500
Operating income	48,678	54,298	85,016	100,787
Interest expense	4,008	4,347	8,269	8,753
Earnings before income taxes	44,670	49,951	76,747	92,034
Income taxes	12,388	15,046	23,026	28,223
Net earnings	$ 32,282	$ 34,905	$ 53,721	$ 63,811
Average number of common shares outstanding:
Basic (in shares)	49,751	49,537	49,731	49,656
Diluted (in shares)	49,917	49,771	49,892	49,884
Earnings per common share:
Basic (in dollars per share)	$ 0.65	$ 0.70	$ 1.08	$ 1.29
Diluted (in dollars per share)	$ 0.65	$ 0.70	$ 1.08	$ 1.28
Dividends per common share (in dollars per share)	$ 0.23	$ 0.22	$ 0.45	$ 0.43

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Restructuring Charges (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring charge, after tax	$ 4,700,000	$ 14,100,000
Detail of the restructuring costs [Abstract]
Employee separation	2,428,000	11,340,000
Long-lived asset impairment	880,000	3,406,000
Write-down of inventory	277,000	872,000
Other Costs	3,057,000	3,797,000
Total	6,642,000	19,415,000
Restructuring cost by segment [Abstract]
Total	6,642,000	19,415,000
Summary of accrual for restructuring and other charges [Abstract]
Balance as of December 31, 2012		0
Restructuring costs	6,642,000	19,415,000
Cash spent		(7,361,000)
Reduction of assets		(4,278,000)
Translation adjustment		(135,000)
Balance as of June 30, 2013	7,641,000	7,641,000
Maximum [Member]
Restructuring cost by segment [Abstract]
Future restructuring costs	9,000,000
Minimum [Member]
Restructuring cost by segment [Abstract]
Future restructuring costs	6,000,000
Employee Separations [Member]
Detail of the restructuring costs [Abstract]
Total		11,340,000
Restructuring cost by segment [Abstract]
Total		11,340,000
Summary of accrual for restructuring and other charges [Abstract]
Balance as of December 31, 2012		0
Restructuring costs		11,340,000
Cash spent		(4,910,000)
Reduction of assets		0
Translation adjustment		(135,000)
Balance as of June 30, 2013	6,295,000	6,295,000
Asset Related and Other [Member]
Detail of the restructuring costs [Abstract]
Total		8,075,000
Restructuring cost by segment [Abstract]
Total		8,075,000
Summary of accrual for restructuring and other charges [Abstract]
Balance as of December 31, 2012		0
Restructuring costs		8,075,000
Cash spent		(2,451,000)
Reduction of assets		(4,278,000)
Translation adjustment		0
Balance as of June 30, 2013	1,346,000	1,346,000
Selling & Administrative [Member]
Detail of the restructuring costs [Abstract]
Employee separation	2,428,000	11,340,000
Long-lived asset impairment	880,000	3,406,000
Write-down of inventory	0	0
Other Costs	3,057,000	3,797,000
Total	6,365,000	18,543,000
Restructuring cost by segment [Abstract]
Total	6,365,000	18,543,000
Summary of accrual for restructuring and other charges [Abstract]
Restructuring costs	6,365,000	18,543,000
Cost of Products Sold [Member]
Detail of the restructuring costs [Abstract]
Employee separation	0	0
Long-lived asset impairment	0	0
Write-down of inventory	277,000	872,000
Other Costs	0	0
Total	277,000	872,000
Restructuring cost by segment [Abstract]
Total	277,000	872,000
Summary of accrual for restructuring and other charges [Abstract]
Restructuring costs	277,000	872,000
Flavors And Fragrances [Member]
Detail of the restructuring costs [Abstract]
Total	5,951,000	14,490,000
Restructuring cost by segment [Abstract]
Total	5,951,000	14,490,000
Summary of accrual for restructuring and other charges [Abstract]
Restructuring costs	5,951,000	14,490,000
Color [Member]
Detail of the restructuring costs [Abstract]
Total	600,000	4,310,000
Restructuring cost by segment [Abstract]
Total	600,000	4,310,000
Summary of accrual for restructuring and other charges [Abstract]
Restructuring costs	600,000	4,310,000
Corporate and Other [Member]
Detail of the restructuring costs [Abstract]
Total	91,000	615,000
Restructuring cost by segment [Abstract]
Total	91,000	615,000
Summary of accrual for restructuring and other charges [Abstract]
Restructuring costs	$ 91,000	$ 615,000

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Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Segment Reporting Information [Line Items]
Revenue from external customers	$ 378,806	$ 367,777	$ 744,446	$ 733,437
Intersegment revenue	14,506	16,159	29,778	32,482
Total revenue	393,312	383,936	774,224	765,919
Operating income (loss)	48,678	54,298	85,016	100,787
Interest expense	4,008	4,347	8,269	8,753
Earnings before income taxes	44,670	49,951	76,747	92,034
Flavors And Fragrances [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	219,142	208,941	426,757	413,341
Intersegment revenue	8,776	9,977	18,202	20,308
Total revenue	227,918	218,918	444,959	433,649
Operating income (loss)	32,561	33,459	61,481	62,524
Interest expense	0	0	0	0
Earnings before income taxes	32,561	33,459	61,481	62,524
Color [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	121,376	123,383	243,657	250,085
Intersegment revenue	5,213	5,858	10,810	11,412
Total revenue	126,589	129,241	254,467	261,497
Operating income (loss)	27,710	26,553	53,683	52,336
Interest expense	0	0	0	0
Earnings before income taxes	27,710	26,553	53,683	52,336
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	38,288	35,453	74,032	70,011
Intersegment revenue	517	324	766	762
Total revenue	38,805	35,777	74,798	70,773
Operating income (loss)	(11,593)	(5,714)	(30,148)	(14,073)
Interest expense	4,008	4,347	8,269	8,753
Earnings before income taxes	$ (15,601)	$ (10,061)	$ (38,417)	$ (22,826)

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Taxes [Abstract]

Income Taxes

8. Income Taxes

The effective income tax rates for the quarters ended June 30, 2013 and 2012 were 27.7% and 30.1%, respectively. For the six months ended June 30, 2013 and 2012, the effective income tax rates were 30.0% and 30.7%, respectively. The effective tax rates in both 2013 and 2012 were reduced by changes in estimates associated with the finalization of prior year foreign and domestic tax items, including the reversal of valuation allowances related to tax loss carryovers. The 2013 rates in the three- and six-month periods include the impact of the restructuring costs.

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Commitments and Contingencies (Details) (USD $)	6 Months Ended
	Jun. 30, 2013
Cherry Blossom Litigation [Abstract]
Period to reopen adversary proceeding and pursue claims against Hubbell	60 days
Cherry Blossom [Member]
Cherry Blossom Litigation [Abstract]
Book value of brined cherries held by Cherry Blossom	$ 500,000
Amount owed by Cherry Blossom to Crossroads	1,400,000
Vega [Member]
Vega v. Sensient Dehydrated Flavors LLC [Abstract]
Damages to SCT	$ 4,999,999.99
Number of causes of action	2
Statute of limitation period	4 years

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

11. Commitments and Contingencies

Cherry Blossom Litigation

Cherry Blossom LLC, a Traverse City, Michigan contractor that had produced cherry products for the Company, ceased operations in May 2009.  At the time, Cherry Blossom had physical possession of brined cherries belonging to the Company with a book value of approximately $0.5 million. Despite the Company’s demands, Cherry Blossom refused to permit the Company to take possession of the cherries for processing elsewhere.

In June 2009, the Company sued Cherry Blossom in the Circuit Court of Grand Traverse County, Michigan, seeking an order for return of the cherries.  Cherry Blossom’s asset based lender, Crossroads Financial (which claimed to be owed $1.4 million) (“Crossroads”), intervened and claimed a senior lien on the cherries. The Circuit Court denied the Company’s request for immediate possession and permitted Cherry Blossom to retain and process the cherries.  The Circuit Court later held that Crossroads had a senior lien on the cherries and was entitled to receive the proceeds from the sale of the cherries. The Circuit Court also denied the Company’s cross claims against Crossroads to recoup certain overpayments that the Company made to Cherry Blossom/Crossroads and to recoup payments made by the Company to the United States Department of Labor on Cherry Blossom’s/Crossroads’ behalf. The Company has appealed these adverse decisions of the Circuit Court.

Crossroads asserted a claim against the Company for money damages in an undetermined amount. Crossroads claimed that it has a lien on all of Cherry Blossom’s accounts receivable from the Company and that the Company had performed a number of offsets against its accounts payable to Cherry Blossom in derogation of Crossroads’ rights as lienholder. The Circuit Court denied Crossroads’ claims for money damages against the Company.  Crossroads has appealed this adverse decision of the Circuit Court.

The Company and Crossroads completed briefing on their respective appeals on January 6, 2012. The Michigan Court of Appeals has scheduled oral argument for September 10, 2013.

Cherry Blossom counterclaimed against the Company, alleging that Cherry Blossom had purchased exclusive rights to certain proprietary cherry processing formulas used in the Company’s cherry product.  Cherry Blossom sought a preliminary injunction against the Company’s delivery of copies of the formulas to any third party. The Court denied Cherry Blossom’s motion regarding the formulas and eventually dismissed Cherry Blossom’s claims. The Company also initiated a suit against Cherry Blossom in the United States District Court for the Western District of Michigan seeking a declaratory judgment that the Company has the right to use the cherry processing formulas.  Because Cherry Blossom subsequently filed a petition in bankruptcy, the Federal District Court closed the matter. This closing was for administrative purposes only and did not constitute a decision on the merits.

Christopher Hubbell, a principal of Cherry Blossom, has personally filed a petition for bankruptcy. The Company originally opposed the bankruptcy petition to the extent Mr. Hubbell sought a discharge of the Company’s alleged damages arising from his own fraudulent acts connected to Cherry Blossom’s granting of an allegedly superior interest in the Company’s cherries to Crossroads.  The Company and Hubbell filed a joint motion to dismiss the Company’s claims against Hubbell without prejudice pending the Michigan state court action.  The Bankruptcy Court granted the motion.  Under the terms of the dismissal, if the state courts determine that the Company is liable to Crossroads, the Company will have 60 days to reopen the adversary proceeding and pursue its claims against Hubbell.  If the state courts determine that the Company is not liable to Crossroads, the dismissal shall be deemed with prejudice.

Vega v. Sensient Dehydrated Flavors LLC

On January 3, 2013, Thomas Vega, a current employee, filed (but did not serve) a Class Action Complaint in San Francisco County Superior Court against Sensient Dehydrated Flavors LLC.  On February 11, 2013, Vega filed and served a First Amended Complaint (“Complaint”) against the Company and a Company supervisor. Vega alleges that the Company failed to provide alleged class members with meal periods, compensation for the alleged absence of meal periods, and accurate wage statements, in violation of the California labor code. The alleged class includes all employees paid on an hourly basis and all forklift operators. The Complaint seeks damages, back wages, injunctive relief, penalties, interest, and attorneys’ fees for the members of the alleged class. The Complaint alleges that the total damages and costs “do not exceed a[n] aggregate of $4,999,999.99.”

The Complaint alleges two causes of action. The first cause of action is for “Unfair Competition.” The plaintiff’s theory is that the Company, by allegedly not complying with state wage and hour laws, had an unfair competitive advantage against other employers who were complying with those laws. The main strategic reason that plaintiffs plead this cause of action is that the statute of limitations is four years. The second cause of action is for alleged substantive violations of the California labor code provisions governing wages, hours, and meal periods.

On March 13, 2013, the parties filed a joint stipulation and proposed order to remove the case from San Francisco County Superior Court to Stanislaus County Superior Court. On April 18, 2013, the Court granted the request.  The discovery process is currently underway.  The parties have also agreed to pursue an early mediated resolution of this matter.  The mediation will occur on October 7, 2013.

The Company is involved in various other claims and litigation arising in the normal course of business.  In the judgment of management, which relies in part on information from Company counsel, the ultimate resolution of these actions will not materially affect the consolidated financial statements of the Company except as described above.

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Derivative Instruments and Hedging Activity

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activity [Abstract]

Derivative Instruments and Hedging Activity

7. Derivative Instruments and Hedging Activity

The Company may use forward exchange contracts and foreign currency denominated debt to manage its exposure to foreign exchange risk by reducing the effect of fluctuating foreign currencies on short-term foreign currency denominated intercompany transactions, non-functional currency raw material purchases, non-functional currency sales and other known foreign currency exposures. These forward exchange contracts have maturities of less than twelve months. The Company’s primary hedging activities and their accounting treatment are summarized below:

Forward exchange contracts – The forward exchange contracts that have been designated as hedges are accounted for as cash flow hedges. The Company had $25.5 million and $18.9 million of forward exchange contracts, designated as hedges, outstanding as of June 30, 2013, and December 31, 2012, respectively. Due to the short term nature of these contracts, the results of these transactions are not material to the financial statements. In addition, the Company utilizes forward exchange contracts that are not designated as cash flow hedges and the results of these transactions are not material to the financial statements.

Net investment hedges – The Company has certain debt denominated in Euros and Swiss Francs. These debt instruments have been designated as partial hedges of the Company’s Euro and Swiss Franc net asset positions. Changes in the fair value of this debt attributable to changes in the spot foreign exchange rate are recorded in foreign currency translation in other comprehensive income (“OCI”). As of June 30, 2013, and December 31, 2012, the total value of the Company’s Euro and Swiss Franc debt was $91.5 million and $55.0 million, respectively.  For the three and six months ended June 30, 2013, the impact of foreign exchange rates on these debt instruments increased debt by $1.1 million and decreased debt by $1.4 million, respectively, and has been recorded as foreign currency translation in OCI.

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Fair Value

6 Months Ended

Jun. 30, 2013

Fair Value [Abstract]

Fair Value

2. Fair Value

Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, defines fair value for financial assets and liabilities, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. As of June 30, 2013 and December 31, 2012, the Company’s only assets and liabilities subject to this standard are forward exchange contracts and mutual fund investments. The fair value of the forward exchange contracts based on current pricing obtained for comparable derivative products (Level 2 inputs) was a liability of $0.2 million as of June 30, 2013 and was negligible as of December 31, 2012. The fair value of the investments based on June 30, 2013, and December 31, 2012, market quotes (Level 1 inputs) was an asset of $19.6 million and $20.3 million, respectively.

The carrying values of the Company’s cash and cash equivalents, trade accounts receivable, accounts payable, accrued expenses and short-term borrowings approximated fair values as of June 30, 2013. The fair value of the Company’s long-term debt, including current maturities, is estimated using discounted cash flows based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements (Level 2 inputs). The carrying value of the long-term debt at June 30, 2013, was $342.7 million. The fair value of the long-term debt at June 30, 2013, was $358.3 million.

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Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income [Abstract]

Schedule of changes in accumulated other comprehensive income (AOCI) and Reclassification adjustments out of AOCI

The following tables summarize the changes in Accumulated Other Comprehensive Income (OCI) during the three- and six-month periods ended June 30, 2013:

Three Months Ended June 30, 2013
(In thousands)	Cash Flow Hedges (a)			Pension Items (a)			Foreign Currency Items			Total
Balance as of March 31, 2013	$	282		$	(11,534	)	$	(11,386	)	$	(22,638	)
Other comprehensive loss before reclassifications		(750	)		-			(7,375	)		(8,125	)
Amounts reclassified from OCI		(27	)		527			-			500
Balance as of June 30, 2013	$	(495	)	$	(11,007	)	$	(18,761	)	$	(30,263	)
Six Months Ended June 30, 2013
(In thousands)	Cash Flow Hedges (a)			Pension Items (a)			Foreign Currency Items			Total
Balance as of December 31, 2012	$	35		$	(12,062	)	$	7,442		$	(4,585	)
Other comprehensive loss before reclassifications		(478	)		-			(26,203	)		(26,681	)
Amounts reclassified from OCI		(52	)		1,055			-			1,003
Balance as of June 30, 2013	$	(495	)	$	(11,007	)	$	(18,761	)	$	(30,263	)

(a) Cash Flow Hedges and Pension Items are net of tax.

The following table summarizes the pension items reclassified out of OCI and into the Statement of Earnings during the three- and six-month periods ended June 30, 2013:

(In thousands)	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013
Amortization of pension expense included in selling and administrative expense:
Prior service cost	$	43		$	86
Actuarial loss		799			1,599
Total before income taxes		842			1,685
Tax benefit		(315	)		(630	)
Total net of tax	$	527		$	1,055

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Restructuring

6 Months Ended

Jun. 30, 2013

Restructuring [Abstract]

Restructuring

10. Restructuring

The Company recorded restructuring costs of $6.6 million ($4.7 million after-tax) and $19.4 million ($14.1 million after-tax) for the three- and six-month periods ended June 30, 2013, respectively, 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.

Detail of the restructuring costs and the line items in which it was recorded in the Corporate & Other segment are as follows:

Three Months Ended June 30, 2013
	Selling &		Cost of
(In thousands)	Administrative		Products Sold		Total
Employee separations	$	2,428	$	-	$	2,428
Long-lived asset impairment		880		-		880
Write-down of inventory		-		277		277
Other Costs		3,057		-		3,057
Total	$	6,365	$	277	$	6,642

Six Months Ended June 30, 2013
	Selling &		Cost of
(In thousands)	Administrative		Products Sold		Total
Employee separations	$	11,340	$	-	$	11,340
Long-lived asset impairment		3,406		-		3,406
Write-down of inventory		-		872		872
Other Costs		3,797		-		3,797
Total	$	18,543	$	872	$	19,415

The Company expects to incur approximately $6 million to $9 million of additional restructuring costs by the end of December 2013.

The following table summarizes the restructuring costs by segment:

	Three Months Ended		Six Months Ended
(In thousands)	June 30, 2013		June 30, 2013
Flavors & Fragrances	$	5,951	$	14,490
Color		600		4,310
Corporate & Other		91		615
Total	$	6,642	$	19,415

The following table summarizes the accrual for the restructuring and other charges for the six-month period ended June 30, 2013:

	Employee			Asset Related
(In thousands)	Separations			and other			Total
Balance as of December 31, 2012	$	-		$	-		$	-
Restructuring costs		11,340			8,075			19,415
Cash spent		(4,910	)		(2,451	)		(7,361	)
Reduction of assets		-			(4,278	)		(4,278	)
Translation adjustment		(135	)		-			(135	)
Balance as of June 30, 2013	$	6,295		$	1,346		$	7,641

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Debt (Details) In Millions, unless otherwise specified	0 Months Ended
	Apr. 05, 2013 Senior Notes Due November 2023 at 3.66 Percent [Member] USD ($)	Apr. 05, 2013 Senior Notes Due November 2023 at 3.06 Percent [Member] EUR (€)
Schedule of long term debt [Abstract]
Term of senior notes	10 years	10 years
Face amount of notes	$ 75	€ 38
Interest rate, stated percentage (in hundredths)	3.66%	3.06%
Maturity date senior notes	Nov. 30, 2023	Nov. 30, 2023

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Restructuring (Tables)

6 Months Ended

Jun. 30, 2013

Restructuring [Abstract]

Summary of restructuring costs

Detail of the restructuring costs and the line items in which it was recorded in the Corporate & Other segment are as follows:

Three Months Ended June 30, 2013
	Selling &		Cost of
(In thousands)	Administrative		Products Sold		Total
Employee separations	$	2,428	$	-	$	2,428
Long-lived asset impairment		880		-		880
Write-down of inventory		-		277		277
Other Costs		3,057		-		3,057
Total	$	6,365	$	277	$	6,642

Six Months Ended June 30, 2013
	Selling &		Cost of
(In thousands)	Administrative		Products Sold		Total
Employee separations	$	11,340	$	-	$	11,340
Long-lived asset impairment		3,406		-		3,406
Write-down of inventory		-		872		872
Other Costs		3,797		-		3,797
Total	$	18,543	$	872	$	19,415

Restructuring cost by segment

The following table summarizes the restructuring costs by segment:

	Three Months Ended		Six Months Ended
(In thousands)	June 30, 2013		June 30, 2013
Flavors & Fragrances	$	5,951	$	14,490
Color		600		4,310
Corporate & Other		91		615
Total	$	6,642	$	19,415

Summary of accrual for restructuring and other charges

The following table summarizes the accrual for the restructuring and other charges for the six-month period ended June 30, 2013:

	Employee			Asset Related
(In thousands)	Separations			and other			Total
Balance as of December 31, 2012	$	-		$	-		$	-
Restructuring costs		11,340			8,075			19,415
Cash spent		(4,910	)		(2,451	)		(7,361	)
Reduction of assets		-			(4,278	)		(4,278	)
Translation adjustment		(135	)		-			(135	)
Balance as of June 30, 2013	$	6,295		$	1,346		$	7,641

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Document and Entity Information (USD $)	6 Months Ended
	Jun. 30, 2013	Jul. 31, 2013	Jun. 30, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	SENSIENT TECHNOLOGIES CORP
Entity Central Index Key	0000310142
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,802,797,132
Entity Common Stock, Shares Outstanding		50,043,385
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013

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Fair Value (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	$ 342.7
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	358.3
Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Forward exchange contracts	0.2
Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual fund investments	$ 19.6	$ 20.3