Segment Information

3 Months Ended

Mar. 31, 2016

Segment Information [Abstract]

Segment Information

3. Segment Information

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

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other			Consolidated
Three months ended March 31, 2016:
Revenue from external customers	$	190,520	$	122,281	$	29,667	$	-		$	342,468
Intersegment revenue		7,819		3,753		40		-			11,612
Total revenue	$	198,339	$	126,034	$	29,707	$	-		$	354,080
Operating income (loss)	$	27,510	$	27,844	$	6,005	$	(13,840	)	$	47,519
Interest expense		-		-		-		4,800			4,800
Earnings (loss) before income taxes	$	27,510	$	27,844	$	6,005	$	(18,640	)	$	42,719
Three months ended March 31, 2015:
Revenue from external customers	$	199,100	$	118,355	$	28,771	$	-		$	346,226
Intersegment revenue		6,878		3,843		32		-			10,753
Total revenue	$	205,978	$	122,198	$	28,803	$	-		$	356,979
Operating income (loss)	$	30,459	$	26,263	$	5,651	$	(15,927	)	$	46,446
Interest expense		-		-		-		3,915			3,915
Earnings (loss) before income taxes	$	30,459	$	26,263	$	5,651	$	(19,842	)	$	42,531

Beginning in the first quarter of 2016, the results of operations for the Company’s color business in China, South Korea and Japan, previously reported in the Asia Pacific segment, are now reported in the Color segment. The results for 2015 have been restated to reflect these changes.

The Company evaluates performance based on operating income of the respective segments before restructuring costs, interest expense and income taxes. The 2016 and 2015 restructuring and other costs related to continuing operations are reported in the Corporate & Other segment.