10.	Restructuring

The Company recorded restructuring costs of $6.6 million ($4.4 million after tax) and $26.0 million ($18.5 million after tax) for the three and nine months ended September 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 September 30, 2013
(In thousands)	Selling & Administrative			Cost of Products Sold		Total
Employee separations	$	5,002		$	-	$	5,002
Long-lived asset impairment		220			-		220
Gain on asset sales		(3,019	)		-		(3,019	)
Write-down of inventory		-			545		545
Other Costs		3,838			-		3,838

Total	$	6,041		$	545	$	6,586

Nine Months Ended September 30, 2013
(In thousands)	Selling & Administrative			Cost of Products Sold		Total
Employee separations	$	16,342		$	-	$	16,342
Long-lived asset impairment		3,626			-		3,626
Gain on asset sales		(3,019	)		-		(3,019	)
Write-down of inventory		-			1,417		1,417
Other Costs		7,635			-		7,635

Total	$	24,584		$	1,417	$	26,001

The Company expects to incur approximately $4 million to $6 million of additional restructuring costs by the end of December 2013.

The following table summarizes the restructuring costs by segment:

	Three Months Ended		Nine Months Ended
(In thousands)	September 30, 2013		September 30, 2013
Flavors & Fragrances	$	4,167	$	18,657
Color		1,497		5,807
Corporate & Other		922		1,537

Total	$	6,586	$	26,001

The following table summarizes the accrual for the restructuring and other charges for the nine months ended September 30, 2013, which is recorded in other accrued expenses:

(In thousands)	Employee Separations			Asset Related and other			Total
Balance as of December 31, 2012	$	-		$	-		$	-
Restructuring costs		16,342			9,659			26,001
Gain on sale of assets		-			3,019			3,019
Cash spent		(8,258	)		(5,613	)		(13,871	)
Reduction of assets		-			(5,043	)		(5,043	)
Translation adjustment		(24	)		-			(24	)

Balance as of September 30, 2013	$	8,060		$	2,022		$	10,082