Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment and Geographic Information [Abstract]

Segment Information

Divestiture & other related costs, restructuring and other costs for the years ended December 31, 2019 and 2017, are further described in Note 14, Restructuring Charges, and Note 15, Divestitures, and are included in the operating income (loss) results in Corporate & Other below. There were no divestiture & other related costs, restructuring and other costs in 2018. In addition, the Company’s corporate expenses and share-based compensation are included in Corporate & Other.

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other			Consolidated
2019:
Revenue from external customers	$	682,705	$	522,051	$	118,178	$	-		$	1,322,934
Intersegment revenue		17,651		13,108		70		-			30,829
Total revenue		700,356		535,159		118,248		-			1,353,763
Operating income (loss)		74,961		101,190		19,382		(74,423	)		121,110
Interest expense		-		-		-		20,107			20,107
Earnings (loss) before income taxes		74,961		101,190		19,382		(94,530	)		101,003
Assets		714,779		734,343		99,183		191,846			1,740,151
Capital expenditures		16,968		16,521		2,545		3,066			39,100
Depreciation and amortization		27,179		22,088		2,581		3,167			55,015
2018:
Revenue from external customers	$	723,189	$	540,499	$	123,127	$	-		$	1,386,815
Intersegment revenue		23,743		13,505		37		-			37,285
Total revenue		746,932		554,004		123,164		-			1,424,100
Operating income (loss)		96,433		113,306		20,856		(27,217	)		203,378
Interest expense		-		-		-		21,853			21,853
Earnings (loss) before income taxes		96,433		113,306		20,856		(49,070	)		181,525
Assets		782,145		752,305		103,808		186,682			1,824,940
Capital expenditures		23,679		21,744		2,858		2,459			50,740
Depreciation and amortization		25,922		21,931		2,451		2,940			53,244
2017:
Revenue from external customers	$	727,026	$	512,811	$	122,428	$	-		$	1,362,265
Intersegment revenue		19,917		13,552		765		-			34,234
Total revenue		746,943		526,363		123,193		-			1,396,499
Operating income (loss)		114,343		113,381		20,772		(80,690	)		167,806
Interest expense		-		-		-		19,383			19,383
Earnings (loss) before income taxes		114,343		113,381		20,772		(100,073	)		148,423
Assets		771,157		720,328		101,786		131,069			1,724,340
Capital expenditures		31,989		18,797		3,557		2,001			56,344
Depreciation and amortization		23,611		19,902		2,303		2,702			48,518

Geographical Information

The Company’s annual revenue summarized by geographic location is as follows:

(In thousands)	Flavors & Fragrances		Color		Asia Pacific		Corporate & Other		Consolidated
2019:
Revenue from external customers:
North America	$	448,393	$	251,593	$	112	$	-	$	700,098
Europe		158,902		148,393		336		-		307,631
Asia Pacific		32,203		57,268		116,508		-		205,979
Other		43,207		64,797		1,222		-		109,226
Total revenue from external customers	$	682,705	$	522,051	$	118,178	$	-	$	1,322,934
Long-lived assets:
North America	$	251,822	$	220,723	$	-	$	80,128	$	552,673
Europe		102,631		242,311		-		-		344,942
Asia Pacific		1,017		3,758		31,007		-		35,782
Other		504		18,037		-		-		18,541
Total long-lived assets	$	355,974	$	484,829	$	31,007	$	80,128	$	951,938
2018:
Revenue from external customers:
North America	$	477,083	$	245,649	$	-	$	-	$	722,732
Europe		173,562		168,340		155		-		342,057
Asia Pacific		31,506		59,548		121,975		-		213,029
Other		41,038		66,962		997		-		108,997
Total revenue from external customers	$	723,189	$	540,499	$	123,127	$	-	$	1,386,815
Long-lived assets:
North America	$	255,131	$	230,187	$	-	$	76,996	$	562,314
Europe		125,157		265,688		-		-		390,845
Asia Pacific		1,061		3,319		27,872		-		32,252
Other		277		16,387		-		-		16,664
Total long-lived assets	$	381,626	$	515,581	$	27,872	$	76,996	$	1,002,075
2017:
Revenue from external customers:
North America	$	487,034	$	231,674	$	-	$	-	$	718,708
Europe		164,641		159,646		310		-		324,597
Asia Pacific		32,717		55,108		121,110		-		208,935
Other		42,634		66,383		1,008		-		110,025
Total revenue from external customers	$	727,026	$	512,811	$	122,428	$	-	$	1,362,265
Long-lived assets:
North America	$	255,000	$	207,746	$	-	$	78,113	$	540,859
Europe		130,897		278,127		-		-		409,024
Asia Pacific		1,395		3,075		28,936		-		33,406
Other		380		7,196		-		-		7,576
Total long-lived assets	$	387,672	$	496,144	$	28,936	$	78,113	$	990,865

Product Information

The Company’s revenue summarized by product portfolio is as follows:

(In thousands)	Flavors & Fragrances			Color			Asia Pacific			Consolidated
2019:
Flavors	$	382,447		$	-		$	-		$	382,447
Natural Ingredients		214,027			-			-			214,027
Fragrances		103,882			-			-			103,882
Food & Beverage Colors		-			306,274			-			306,274
Cosmetics		-			137,043			-			137,043
Other Colors		-			91,842			-			91,842
Asia Pacific		-			-			118,248			118,248
Intersegment Revenue		(17,651	)		(13,108	)		(70	)		(30,829	)
Total revenue from external customers	$	682,705		$	522,051		$	118,178		$	1,322,934
2018:
Flavors	$	414,728		$	-		$	-		$	414,728
Natural Ingredients		224,280			-			-			224,280
Fragrances		107,924			-			-			107,924
Food & Beverage Colors		-			303,386			-			303,386
Cosmetics		-			153,347			-			153,347
Other Colors		-			97,271			-			97,271
Asia Pacific		-			-			123,164			123,164
Intersegment Revenue		(23,743	)		(13,505	)		(37	)		(37,285	)
Total revenue from external customers	$	723,189		$	540,499		$	123,127		$	1,386,815
2017:
Flavors	$	439,811		$	-		$	-		$	439,811
Natural Ingredients		219,837			-			-			219,837
Fragrances		87,295			-			-			87,295
Food & Beverage Colors		-			279,870			-			279,870
Cosmetics		-			147,637			-			147,637
Other Colors		-			98,856			-			98,856
Asia Pacific		-			-			123,193			123,193
Intersegment Revenue		(19,917	)		(13,552	)		(765	)		(34,234	)
Total revenue from external customers	$	727,026		$	512,811		$	122,428		$	1,362,265