Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019:
Revenue from external customers	$	163,870	$	123,710	$	30,070	$	-		$	317,650
Intersegment revenue		3,707		3,295		55		-			7,057
Total revenue	$	167,577	$	127,005	$	30,125	$	-		$	324,707

Operating income (loss)	$	17,600	$	23,436	$	5,406	$	(7,654	)	$	38,788
Interest expense		-		-		-		4,936			4,936
Earnings (loss) before income taxes	$	17,600	$	23,436	$	5,406	$	(12,590	)	$	33,852

Three months ended September 30, 2018:
Revenue from external customers	$	179,103	$	132,356	$	31,275	$	-		$	342,734
Intersegment revenue		5,294		2,774		-		-			8,068
Total revenue	$	184,397	$	135,130	$	31,275	$	-		$	350,802

Operating income (loss)	$	24,814	$	26,565	$	5,750	$	(6,865	)	$	50,264
Interest expense		-		-		-		5,407			5,407
Earnings (loss) before income taxes	$	24,814	$	26,565	$	5,750	$	(12,272	)	$	44,857

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other			Consolidated
Nine months ended September 30, 2019:
Revenue from external customers	$	517,148	$	399,610	$	87,591	$	-		$	1,004,349
Intersegment revenue		14,116		10,186		55		-			24,357
Total revenue	$	531,264	$	409,796	$	87,646	$	-		$	1,028,706

Operating income (loss)	$	60,775	$	81,512	$	13,825	$	(20,536	)	$	135,576
Interest expense		-		-		-		15,538			15,538
Earnings (loss) before income taxes	$	60,775	$	81,512	$	13,825	$	(36,074	)	$	120,038

Nine months ended September 30, 2018:
Revenue from external customers	$	553,403	$	416,786	$	92,063	$	-		$	1,062,252
Intersegment revenue		17,998		9,795		-		-			27,793
Total revenue	$	571,401	$	426,581	$	92,063	$	-		$	1,090,045

Operating income (loss)	$	74,142	$	91,370	$	15,256	$	(22,642	)	$	158,126
Interest expense		-		-		-		16,517			16,517
Earnings (loss) before income taxes	$	74,142	$	91,370	$	15,256	$	(39,159	)	$	141,609

Product Lines

(In thousands)	Flavors & Fragrances			Color			Asia Pacific			Consolidated
Three months ended September 30, 2019:
Flavors	$	89,604		$	-		$	-		$	89,604
Natural Ingredients		53,220			-			-			53,220
Fragrances		24,753			-			-			24,753
Food & Beverage Colors		-			73,383			-			73,383
Cosmetics		-			32,080			-			32,080
Other Colors		-			21,542			-			21,542
Asia Pacific		-			-			30,125			30,125
Intersegment Revenue		(3,707	)		(3,295	)		(55	)		(7,057	)
Total revenue from external customers	$	163,870		$	123,710		$	30,070		$	317,650

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		-			23,140			-			23,140
Asia Pacific		-			-			31,275			31,275
Intersegment Revenue		(5,294	)		(2,774	)		-			(8,068	)
Total revenue from external customers	$	179,103		$	132,356		$	31,275		$	342,734

(In thousands)	Flavors & Fragrances			Color			Asia Pacific			Consolidated
Nine months ended September 30, 2019:
Flavors	$	295,375		$	-		$	-		$	295,375
Natural Ingredients		156,864			-			-			156,864
Fragrances		79,025			-			-			79,025
Food & Beverage Colors		-			233,121			-			233,121
Cosmetics		-			106,218			-			106,218
Other Colors		-			70,457			-			70,457
Asia Pacific		-			-			87,646			87,646
Intersegment Revenue		(14,116	)		(10,186	)		(55	)		(24,357	)
Total revenue from external customers	$	517,148		$	399,610		$	87,591		$	1,004,349

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		-			74,077			-			74,077
Asia Pacific		-			-			92,063			92,063
Intersegment Revenue		(17,998	)		(9,795	)		-			(27,793	)
Total revenue from external customers	$	553,403		$	416,786		$	92,063		$	1,062,252

Geographic Markets

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Consolidated
Three months ended September 30, 2019:
North America	$	109,659	$	60,801	$	25	$	170,485
Europe		35,964		33,027		132		69,123
Asia Pacific		7,002		12,903		29,731		49,636
Other		11,245		16,979		182		28,406
Total revenue from external customers	$	163,870	$	123,710	$	30,070	$	317,650

Three months ended September 30, 2018:
North America	$	118,690	$	63,945	$	-	$	182,635
Europe		42,866		34,929		81		77,876
Asia Pacific		7,053		15,910		31,032		53,995
Other		10,494		17,572		162		28,228
Total revenue from external customers	$	179,103	$	132,356	$	31,275	$	342,734

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Consolidated
Nine months ended September 30, 2019:
North America	$	335,521	$	192,109	$	87	$	527,717
Europe		125,288		113,844		280		239,412
Asia Pacific		24,041		44,440		86,719		155,200
Other		32,298		49,217		505		82,020
Total revenue from external customers	$	517,148	$	399,610	$	87,591	$	1,004,349

Nine months ended September 30, 2018:
North America	$	364,941	$	191,265	$	-	$	556,206
Europe		133,257		119,687		111		253,055
Asia Pacific		23,144		50,461		91,327		164,932
Other		32,061		55,373		625		88,059
Total revenue from external customers	$	553,403	$	416,786	$	92,063	$	1,062,252