4.	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, 2018:
Revenue from external customers	$	182,482	$	143,728	$	30,267	$	-		$	356,477
Intersegment revenue		5,864		3,432		-		-			9,296
Total revenue	$	188,346	$	147,160	$	30,267	$	-		$	365,773

Operating income (loss)	$	25,327	$	33,672	$	4,872	$	(8,190	)	$	55,681
Interest expense		-		-		-		5,555			5,555
Earnings (loss) before income taxes	$	25,327	$	33,672	$	4,872	$	(13,745	)	$	50,126

Three months ended March 31, 2017:
Revenue from external customers	$	181,075	$	130,840	$	29,482	$	-		$	341,397
Intersegment revenue		5,800		3,226		154		-			9,180
Total revenue	$	186,875	$	134,066	$	29,636	$	-		$	350,577

Operating income (loss)	$	28,770	$	30,217	$	5,150	$	(40,100	)	$	24,037
Interest expense		-		-		-		4,811			4,811
Earnings (loss) before income taxes	$	28,770	$	30,217	$	5,150	$	(44,911	)	$	19,226

The Company evaluates performance based on operating income of the respective segments before restructuring and other costs, interest expense, and income taxes. The 2017 restructuring and other costs are reported in Corporate & Other. The 2017 other costs pertain to the costs associated with the Company’s divestiture of a facility and certain related business lines within the Flavors & Fragrances business in Strasbourg, France. There were no restructuring and other costs in the current quarter.

In addition to evaluating the Company’s performance based on the segments above, revenue is also disaggregated and analyzed by product line and geographic market. The following table displays our revenue by these major sources.

Product Lines

(In thousands)	Flavors & Fragrances			Color			Asia Pacific			Consolidated
Three months ended March 31, 2018:
Flavors	$	109,051		$	-		$	-		$	109,051
Natural Ingredients		53,201			-			-			53,201
Fragrances		26,094			-			-			26,094
Food & Beverage Colors		-			76,816			-			76,816
Cosmetics		-			45,504			-			45,504
Other Colors		-			24,840			-			24,840
Asia Pacific		-			-			30,267			30,267
Intersegment Revenue		(5,864	)		(3,432	)		-			(9,296	)
Total revenue from external customers	$	182,482		$	143,728		$	30,267		$	356,477

Three months ended March 31, 2017:
Flavors	$	113,617		$	-		$	-		$	113,617
Natural Ingredients		53,522			-			-			53,522
Fragrances		19,736			-			-			19,736
Food & Beverage Colors		-			71,388			-			71,388
Cosmetics		-			37,459			-			37,459
Other Colors		-			25,219			-			25,219
Asia Pacific		-			-			29,636			29,636
Intersegment Revenue		(5,800	)		(3,226	)		(154	)		(9,180	)
Total revenue from external customers	$	181,075		$	130,840		$	29,482		$	341,397

Geographic Markets

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Consolidated
Three months ended March 31, 2018:
North America	$	119,055	$	63,582	$	-	$	182,637
Europe		45,427		43,631		6		89,064
Asia Pacific		7,022		16,910		30,011		53,943
Other		10,978		19,605		250		30,833
Total revenue from external customers	$	182,482	$	143,728	$	30,267	$	356,477

Three months ended March 31, 2017:
North America	$	122,122	$	61,734	$	-	$	183,856
Europe		42,507		36,323		61		78,891
Asia Pacific		6,324		14,778		29,316		50,418
Other		10,122		18,005		105		28,232
Total revenue from external customers	$	181,075	$	130,840	$	29,482	$	341,397