Restructuring Charges (Tables)

12 Months Ended

Dec. 31, 2015

Restructuring Charges Abstract]

Restructuring cost by segment

The following table summarizes the restructuring expense by segment and discontinued operations for the years ended December 31, 2015, 2014, and 2013:

(In thousands)	2015		2014		2013
Flavors & Fragrances	$	37,309	$	83,871	$	22,284
Color		2,113		-		7,065
Asia Pacific		82		261		665
Corporate and Other		3,299		3,240		1,721
Total Continuing Operations		42,803		87,372		31,735
Discontinued Operations		43		10,998		-
Total Restructuring(1)	$	42,846	$	98,370	$	31,735

⁽¹⁾ In 2014, the Company recorded $3.2 million of proxy costs related to the 2014 proxy contest. These costs were included in this disclosure in the Company’s 2014 Annual Report to Shareholders. These costs have been removed from the disclosure to conform to current year presentation.

Summary of restructuring costs

The Company recorded restructuring costs in continuing operations for the year ended December 31, 2015, as follows:

(In thousands)	Selling & Administrative			Cost of Products Sold		Total
Employee separation	$	7,155		$	-	$	7,155
Long-lived asset impairment		14,551			-		14,551
Gain on asset sales		(1,301	)		-		(1,301	)
Write-down of inventory		-			6,098		6,098
Other costs(1)		16,300			-		16,300
Total	$	36,705		$	6,098	$	42,803

⁽¹⁾ Other costs include decommissioning costs, professional services, temporary labor, moving costs and other related costs.

The Company recorded restructuring costs in continuing operations for the year ended December 31, 2014, as follows:

(In thousands)	Selling & Administrative			Cost of Products Sold		Total
Employee separation	$	17,794		$	-	$	17,794
Long-lived asset impairment		63,431			-		63,431
Gain on asset sales		(602	)		-		(602	)
Write-down of inventory		-			1,914		1,914
Other costs(1)		4,835			-		4,835
Total(2)	$	85,458		$	1,914	$	87,372

⁽¹⁾ Other costs include decommissioning costs, professional services, moving costs and other related costs.

⁽²⁾ In 2014, the Company recorded $3.2 million of proxy costs related to the 2014 proxy contest. These costs were included in this disclosure in the Company’s 2014 Annual Report to Shareholders. These costs have been removed from the disclosure to conform to current year presentation.

The Company recorded restructuring costs in continuing operations for the year ended December 31, 2013, as follows:

(In thousands)	Selling & Administrative			Cost of Products Sold		Total
Employee separation	$	18,081		$	-	$	18,081
Long-lived asset impairment		4,176			-		4,176
Gain on asset sales		(3,019	)		-		(3,019	)
Write-down of inventory		-			1,840		1,840
Other costs(1)		10,657			-		10,657
Total	$	29,895		$	1,840	$	31,735

⁽¹⁾ Other costs include decommissioning costs, professional services, moving costs and other related costs.

Summary of accrual for restructuring and other charges

The following table summarizes the accrual activity for the restructuring liabilities for the years ended December 31, 2015 and 2014:

(In thousands)	Employee Separations			Other Costs			Total
Balance as of December 31, 2013	$	4,562		$	1,588		$	6,150
Expense activity(1)		18,951			4,904			23,855
Cash spent(1)		(7,067	)		(5,595	)		(12,662	)
Translation adjustment		(1,537	)		-			(1,537	)
Balance as of December 31, 2014	$	14,909		$	897		$	15,806
Expense activity		6,853			16,748			23,601
Cash spent		(10,174	)		(16,733	)		(26,907	)
Translation adjustment		(1,328	)		-			(1,328	)
Balance as of December 31, 2015	$	10,260		$	912		$	11,172

⁽¹⁾ In 2014, the Company recorded $3.2 million of proxy costs related to the 2014 proxy contest.  These costs were included in this disclosure in the Company’s 2014 Annual Report to Shareholders.  These costs have been removed from the disclosure to conform to current year presentation.