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 June 30, 2018:
Revenue from external customers	$	191,818	$	140,702	$	30,521	$	-		$	363,041
Intersegment revenue		6,840		3,589		-		-			10,429
Total revenue	$	198,658	$	144,291	$	30,521	$	-		$	373,470

Operating income (loss)	$	24,001	$	31,133	$	4,634	$	(7,587	)	$	52,181
Interest expense		-		-		-		5,555			5,555
Earnings (loss) before income taxes	$	24,001	$	31,133	$	4,634	$	(13,142	)	$	46,626

Three months ended June 30, 2017:
Revenue from external customers	$	180,736	$	129,253	$	28,486	$	-		$	338,475
Intersegment revenue		4,820		3,641		459		-			8,920
Total revenue	$	185,556	$	132,894	$	28,945	$	-		$	347,395

Operating income (loss)	$	28,502	$	29,072	$	3,820	$	(17,014	)	$	44,380
Interest expense		-		-		-		4,717			4,717
Earnings (loss) before income taxes	$	28,502	$	29,072	$	3,820	$	(21,731	)	$	39,663

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other			Consolidated
Six months ended June 30, 2018:
Revenue from external customers	$	374,300	$	284,430	$	60,788	$	-		$	719,518
Intersegment revenue		12,704		7,021		-		-			19,725
Total revenue	$	387,004	$	291,451	$	60,788	$	-		$	739,243

Operating income (loss)	$	49,328	$	64,805	$	9,506	$	(15,777	)	$	107,862
Interest expense		-		-		-		11,110			11,110
Earnings (loss) before income taxes	$	49,328	$	64,805	$	9,506	$	(26,887	)	$	96,752

Six months ended June 30, 2017:
Revenue from external customers	$	361,811	$	260,093	$	57,968	$	-		$	679,872
Intersegment revenue		10,620		6,867		613		-			18,100
Total revenue	$	372,431	$	266,960	$	58,581	$	-		$	697,972

Operating income (loss)	$	57,272	$	59,289	$	8,970	$	(57,114	)	$	68,417
Interest expense		-		-		-		9,528			9,528
Earnings (loss) before income taxes	$	57,272	$	59,289	$	8,970	$	(66,642	)	$	58,889

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 have been no restructuring and other costs in 2018.

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 June 30, 2018:
Flavors	$	115,222		$	-		$	-		$	115,222
Natural Ingredients		56,197			-			-			56,197
Fragrances		27,239			-			-			27,239
Food & Beverage Colors		-			77,467			-			77,467
Cosmetics		-			40,727			-			40,727
Other Colors		-			26,097			-			26,097
Asia Pacific		-			-			30,521			30,521
Intersegment Revenue		(6,840	)		(3,589	)		-			(10,429	)
Total revenue from external customers	$	191,818		$	140,702		$	30,521		$	363,041

Three months ended June 30, 2017:
Flavors	$	115,535		$	-		$	-		$	115,535
Natural Ingredients		48,998			-			-			48,998
Fragrances		21,023			-			-			21,023
Food & Beverage Colors		-			70,496			-			70,496
Cosmetics		-			36,889			-			36,889
Other Colors		-			25,509			-			25,509
Asia Pacific		-			-			28,945			28,945
Intersegment Revenue		(4,820	)		(3,641	)		(459	)		(8,920	)
Total revenue from external customers	$	180,736		$	129,253		$	28,486		$	338,475

Product Lines

(In thousands)	Flavors & Fragrances			Color			Asia Pacific			Consolidated
Six months ended June 30, 2018:
Flavors	$	224,273		$	-		$	-		$	224,273
Natural Ingredients		109,398			-			-			109,398
Fragrances		53,333			-			-			53,333
Food & Beverage Colors		-			154,283			-			154,283
Cosmetics		-			86,231			-			86,231
Other Colors		-			50,937			-			50,937
Asia Pacific		-			-			60,788			60,788
Intersegment Revenue		(12,704	)		(7,021	)		-			(19,725	)
Total revenue from external customers	$	374,300		$	284,430		$	60,788		$	719,518

Six Months ended June 30, 2017:
Flavors	$	229,152		$	-		$	-		$	229,152
Natural Ingredients		102,520			-			-			102,520
Fragrances		40,759			-			-			40,759
Food & Beverage Colors		-			141,884			-			141,884
Cosmetics		-			74,348			-			74,348
Other Colors		-			50,728			-			50,728
Asia Pacific		-			-			58,581			58,581
Intersegment Revenue		(10,620	)		(6,867	)		(613	)		(18,100	)
Total revenue from external customers	$	361,811		$	260,093		$	57,968		$	679,872

Geographic Markets

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Consolidated
Three months ended June 30, 2018:
North America	$	127,196	$	63,738	$	-	$	190,934
Europe		44,964		41,127		24		86,115
Asia Pacific		9,069		17,641		30,284		56,994
Other		10,589		18,196		213		28,998
Total revenue from external customers	$	191,818	$	140,702	$	30,521	$	363,041

Three months ended June 30, 2017:
North America	$	121,727	$	59,303	$	-	$	181,030
Europe		42,414		37,787		64		80,265
Asia Pacific		6,798		15,023		27,976		49,797
Other		9,797		17,140		446		27,383
Total revenue from external customers	$	180,736	$	129,253	$	28,486	$	338,475

Geographic Markets

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Consolidated
Six months ended June 30, 2018:
North America	$	246,251	$	127,320	$	-	$	373,571
Europe		90,391		84,758		30		175,179
Asia Pacific		16,091		34,551		60,295		110,937
Other		21,567		37,801		463		59,831
Total revenue from external customers	$	374,300	$	284,430	$	60,788	$	719,518

Six months ended June 30, 2017:
North America	$	243,849	$	121,037	$	-	$	364,886
Europe		84,921		74,110		125		159,156
Asia Pacific		13,122		29,801		57,292		100,215
Other		19,919		35,145		551		55,615
Total revenue from external customers	$	361,811	$	260,093	$	57,968	$	679,872