Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

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

(In thousands)	Flavors & Fragrances			Color		Asia Pacific		Corporate & Other			Consolidated
Three months ended September 30, 2018:
Revenue from external customers	$	179,103		$	132,187	$	31,275	$	169		$	342,734
Intersegment revenue		5,294			2,774		-		-			8,068
Total revenue	$	184,397		$	134,961	$	31,275	$	169		$	350,802

Operating income (loss)	$	24,814		$	27,269	$	5,750	$	(7,569	)	$	50,264
Interest expense		-			-		-		5,407			5,407
Earnings (loss) before income taxes	$	24,814		$	27,269	$	5,750	$	(12,976	)	$	44,857

Three months ended September 30, 2017:
Revenue from external customers	$	191,063		$	129,899	$	32,557	$	-		$	353,519
Intersegment revenue		4,929			3,324		151		-			8,404
Total revenue	$	195,992	1	$	133,223	$	32,708	$	-		$	361,923

Operating income (loss)	$	33,006		$	28,624	$	5,780	$	(15,400	)	$	52,010
Interest expense		-			-		-		4,946			4,946
Earnings (loss) before income taxes	$	33,006		$	28,624	$	5,780	$	(20,346	)	$	47,064

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other			Consolidated
Nine months ended September 30, 2018:
Revenue from external customers	$	553,403	$	416,617	$	92,063	$	169		$	1,062,252
Intersegment revenue		17,998		9,795		-		-			27,793
Total revenue	$	571,401	$	426,412	$	92,063	$	169		$	1,090,045

Operating income (loss)	$	74,142	$	92,074	$	15,256	$	(23,346	)	$	158,126
Interest expense		-		-		-		16,517			16,517
Earnings (loss) before income taxes	$	74,142	$	92,074	$	15,256	$	(39,863	)	$	141,609

Nine months ended September 30, 2017:
Revenue from external customers	$	552,874	$	389,992	$	90,525	$	-		$	1,033,391
Intersegment revenue		15,549		10,191		764		-			26,504
Total revenue	$	568,423	$	400,183	$	91,289	$	-		$	1,059,895

Operating income (loss)	$	90,278	$	87,913	$	14,750	$	(72,514	)	$	120,427
Interest expense		-		-		-		14,474			14,474
Earnings (loss) before income taxes	$	90,278	$	87,913	$	14,750	$	(86,988	)	$	105,953

Product Lines

(In thousands)	Flavors & Fragrances			Color			Asia Pacific			Corporate & Other		Consolidated
Three months ended September 30, 2018:
Flavors	$	98,060		$	-		$	-		$	-	$	98,060
Natural Ingredients		58,140			-			-			-		58,140
Fragrances		28,197			-			-			-		28,197
Food & Beverage Colors		-			76,524			-			-		76,524
Cosmetics		-			35,466			-			-		35,466
Other Colors		-			22,971			-			-		22,971
Asia Pacific		-			-			31,275			-		31,275
Corporate & Other		-			-			-			169		169
Intersegment Revenue		(5,294	)		(2,774	)		-			-		(8,068	)
Total revenue from external customers	$	179,103		$	132,187		$	31,275		$	169	$	342,734

Three months ended September 30, 2017:
Flavors	$	113,215		$	-		$	-		$	-	$	113,215
Natural Ingredients		59,851			-			-			-		59,851
Fragrances		22,926			-			-			-		22,926
Food & Beverage Colors		-			70,858			-			-		70,858
Cosmetics		-			38,729			-			-		38,729
Other Colors		-			23,636			-			-		23,636
Asia Pacific		-			-			32,708			-		32,708
Intersegment Revenue		(4,929	)		(3,324	)		(151	)		-		(8,404	)
Total revenue from external customers	$	191,063		$	129,899		$	32,557		$	-	$	353,519

Product Lines

(In thousands)	Flavors & Fragrances			Color			Asia Pacific			Corporate & Other		Consolidated
Nine months ended September 30, 2018:
Flavors	$	322,333		$	-		$	-		$	-	$	322,333
Natural Ingredients		167,538			-			-			-		167,538
Fragrances		81,530			-			-			-		81,530
Food & Beverage Colors		-			230,807			-			-		230,807
Cosmetics		-			121,697			-			-		121,697
Other Colors		-			73,908			-			-		73,908
Asia Pacific		-			-			92,063			-		92,063
Corporate & Other		-			-			-			169		169
Intersegment Revenue		(17,998	)		(9,795	)		-			-		(27,793	)
Total revenue from external customers	$	553,403		$	416,617		$	92,063		$	169	$	1,062,252

Nine months ended September 30, 2017:
Flavors	$	342,367		$	-		$	-		$	-	$	342,367
Natural Ingredients		162,371			-			-			-		162,371
Fragrances		63,685			-			-			-		63,685
Food & Beverage Colors		-			212,741			-			-		212,741
Cosmetics		-			113,077			-			-		113,077
Other Colors		-			74,365			-			-		74,365
Asia Pacific		-			-			91,289			-		91,289
Intersegment Revenue		(15,549	)		(10,191	)		(764	)		-		(26,504	)
Total revenue from external customers	$	552,874		$	389,992		$	90,525		$	-	$	1,033,391

Geographic Markets

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other		Consolidated
Three months ended September 30, 2018:
North America	$	118,690	$	63,850	$	-	$	95	$	182,635
Europe		42,866		34,854		81		74		77,875
Asia Pacific		7,053		15,910		31,032		-		53,995
Other		10,494		17,573		162		-		28,229
Total revenue from external customers	$	179,103	$	132,187	$	31,275	$	169	$	342,734

Three months ended September 30, 2017:
North America	$	131,632	$	59,579	$	-	$	-	$	191,211
Europe		40,891		38,686		178		-		79,755
Asia Pacific		7,042		13,357		31,937		-		52,336
Other		11,498		18,277		442		-		30,217
Total revenue from external customers	$	191,063	$	129,899	$	32,557	$	-	$	353,519

Geographic Markets

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other		Consolidated
Nine months ended September 30, 2018:
North America	$	364,941	$	191,170	$	-	$	95	$	556,206
Europe		133,257		119,612		111		74		253,054
Asia Pacific		23,144		50,461		91,327		-		164,932
Other		32,061		55,374		625		-		88,060
Total revenue from external customers	$	553,403	$	416,617	$	92,063	$	169	$	1,062,252

Nine months ended September 30, 2017:
North America	$	375,481	$	180,616	$	-	$	-	$	556,097
Europe		125,812		112,796		303		-		238,911
Asia Pacific		20,164		43,158		89,229		-		152,551
Other		31,417		53,422		993		-		85,832
Total revenue from external customers	$	552,874	$	389,992	$	90,525	$	-	$	1,033,391