Restructuring (Tables)

3 Months Ended

Mar. 31, 2017

The following table summarizes the restructuring expense by segment and discontinued operations for the three months ended March 31, 2017 and 2016, respectively:

	Three Months Ended March 31,
(In thousands)	2017		2016

Flavors & Fragrances	$	20,153	$	2,942
Color		-		39
Asia Pacific		-		-
Corporate & Other		59		361

Total Continuing Operations		20,212		3,342

Discontinued Operations		-		-

Total Restructuring	$	20,212	$	3,342

Summary of Restructuring Costs

The Company recorded restructuring costs in continuing operations for the three months ended March 31, 2017, as follows:

Three Months Ended March 31, 2017

(In thousands)	Selling & Administrative			Cost of Products Sold		Total
Employee separation⁽¹⁾	$	(4,485	)	$	-	$	(4,485	)
Long-lived asset impairment		456			-		456
Loss on sale of business		20,909			-		20,909
Write-down of inventory		-			342		342
Other restructuring costs⁽²⁾		2,990			-		2,990

Total	$	19,870		$	342	$	20,212

⁽¹⁾

Employee separation costs include a reversal of the employee separation accrual for the European Natural Ingredients business, which is no longer expected to be paid due to the sale of this business.

⁽²⁾

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 three months ended March 31, 2016, as follows:

Three Months Ended March 31, 2016

(In thousands)	Selling & Administrative		Cost of Products Sold		Total
Employee separation	$	131	$	-	$	131
Long-lived asset impairment		471		-		471
Write-down of inventory		-		644		644
Other restructuring costs⁽¹⁾		2,096		-		2,096

Total	$	2,698	$	644	$	3,342

⁽¹⁾

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

Summary of Accrual for Restructuring and Other Charges

The following table summarizes the accrual activities for the restructuring activities for the three months ended March 31, 2017:

(In thousands)	Employee Separations			Other			Total
Balance as of December 31, 2016	$	6,959		$	570		$	7,529
Expense activity ⁽¹⁾		(4,485	)		2,990			(1,495	)
Cash spent		(1,252	)		(3,327	)		(4,579	)
Translation adjustment		77			-			77
Balance as of March 31, 2017	$	1,299		$	233		$	1,532

(1)

Employee separation costs include a reversal of the employee separation accrual for the European Natural Ingredients business, which is no longer expected to be paid due to the sale of this business.