Restructuring (Tables)

9 Months Ended

Sep. 30, 2017

Restructuring [Abstract]

Restructuring Cost by Segment

The following table summarizes the restructuring expense by segment and discontinued operations for the three and nine months ended September 30, 2017 and 2016, respectively:

	Three Months Ended September 30,					Nine Months Ended September 30,
(In thousands)	2017		2016			2017		2016
Flavors & Fragrances	$	5,968	$	2,763		$	33,460	$	8,630
Color		-		(67	)		-		65
Asia Pacific		-		-			-		-
Corporate & Other		32		85			167		703
Total Continuing Operations		6,000		2,781			33,627		9,398
Discontinued Operations		-		-			-		(3,485	)
Total Restructuring	$	6,000	$	2,781		$	33,627	$	5,913

Summary of Restructuring Costs

The Company recorded restructuring costs in continuing operations for the three and nine months ended September 30, 2017, as follows:

Three Months Ended September 30, 2017

(In thousands)	Selling & Administrative		Cost of Products Sold		Total
Employee separation	$	29	$	-	$	29
Long-lived asset impairment		976		-		976
Write-down of inventory		-		3,073		3,073
Other restructuring costs(1)		1,922		-		1,922
Total	$	2,927	$	3,073	$	6,000

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

Nine Months Ended September 30, 2017

(In thousands)	Selling & Administrative			Cost of Products Sold		Total
Employee separation(1)	$	(599	)	$	-	$	(599	)
Long-lived asset impairment		1,444			-		1,444
Loss on sale of business		21,563			-		21,563
Write-down of inventory		-			3,415		3,415
Other restructuring costs(2)		7,804			-		7,804
Total	$	30,212		$	3,415	$	33,627

⁽¹⁾ Employee separation costs include a reversal, during the three months ended March 31, 2017, of the employee separation accrual for the European Natural Ingredients business, given the sale of this business, as well as, settlement expense, incurred during the three months ended June 30, 2017, related to the termination of one of the Company’s pension plans.

⁽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 and nine months ended September 30, 2016, as follows:

Three Months Ended September 30, 2016

(In thousands)	Selling & Administrative			Cost of Products Sold		Total
Employee separation	$	288		$	-	$	288
Long-lived asset impairment		(231	)		-		(231	)
Write-down of inventory		-			-		-
Other restructuring costs(1)		2,724			-		2,724
Total	$	2,781		$	-	$	2,781

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

Nine Months Ended September 30, 2016

(In thousands)	Selling & Administrative		Cost of Products Sold		Total
Employee separation	$	738	$	-	$	738
Long-lived asset impairment		502		-		502
Write-down of inventory		-		810		810
Other restructuring costs(1)		7,348		-		7,348
Total	$	8,588	$	810	$	9,398

⁽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 nine months ended September 30, 2017:

(In thousands)	Employee Separations			Other			Total
Balance as of December 31, 2016	$	6,959		$	570		$	7,529
Expense activity(1)		(4,396	)		7,804			3,408
Cash spent		(2,250	)		(7,766	)		(10,016	)
Translation adjustment		101			-			101
Balance as of September 30, 2017	$	414		$	608		$	1,022

⁽¹⁾ Employee separation costs include a reversal, during the three months ended March 31, 2017, of the employee separation accrual for the European Natural Ingredients business, given the sale of this business.