Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

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

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other			Consolidated
Three months ended September 30, 2020:
Revenue from external customers	$	179,687	$	113,139	$	30,740	$	-		$	323,566
Intersegment revenue		3,179		3,275		-		-			6,454
Total revenue	$	182,866	$	116,414	$	30,740	$	-		$	330,020

Operating income (loss)	$	23,844	$	23,559	$	6,123	$	(12,371	)	$	41,155
Interest expense		-		-		-		3,497			3,497
Earnings (loss) before income taxes	$	23,844	$	23,559	$	6,123	$	(15,868	)	$	37,658

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

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other			Consolidated
Nine months ended September 30, 2020:
Revenue from external customers	$	539,304	$	369,211	$	88,818	$	-		$	997,333
Intersegment revenue		13,671		11,994		244		-			25,909
Total revenue	$	552,975	$	381,205	$	89,062	$	-		$	1,023,242

Operating income (loss)	$	67,467	$	75,486	$	16,031	$	(41,143	)	$	117,841
Interest expense		-		-		-		11,412			11,412
Earnings (loss) before income taxes	$	67,467	$	75,486	$	16,031	$	(52,555	)	$	106,429

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

Product Lines

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Three months ended September 30, 2020:
Flavors, Extracts & Flavor Ingredients	$	98,952		$	-		$	-		$	98,952
Natural Ingredients		60,937			-			-			60,937
Fragrances		19,890			-			-			19,890
Yogurt Fruit Preparations		3,087			-			-			3,087
Food & Pharmaceutical Colors		-			83,406			-			83,406
Personal Care		-			32,495			-			32,495
Inks		-			513			-			513
Asia Pacific		-			-			30,740			30,740
Intersegment Revenue		(3,179	)		(3,275	)		-			(6,454	)
Total revenue from external customers	$	179,687		$	113,139		$	30,740		$	323,566

Three months ended September 30, 2019:
Flavors, Extracts & Flavor Ingredients	$	88,404		$	-		$	-		$	88,404
Natural Ingredients		53,220			-			-			53,220
Fragrances		21,395			-			-			21,395
Yogurt Fruit Preparations		4,558			-			-			4,558
Food & Pharmaceutical Colors		-			81,805			-			81,805
Personal Care		-			37,276			-			37,276
Inks		-			7,924			-			7,924
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

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Nine months ended September 30, 2020:
Flavors, Extracts & Flavor Ingredients	$	302,047		$	-		$	-		$	302,047
Natural Ingredients		175,764			-			-			175,764
Fragrances		63,251			-			-			63,251
Yogurt Fruit Preparations		11,913			-			-			11,913
Food & Pharmaceutical Colors		-			261,024			-			261,024
Personal Care		-			107,333			-			107,333
Inks		-			12,848			-			12,848
Asia Pacific		-			-			89,062			89,062
Intersegment Revenue		(13,671	)		(11,994	)		(244	)		(25,909	)
Total revenue from external customers	$	539,304		$	369,211		$	88,818		$	997,333

Nine months ended September 30, 2019:
Flavors, Extracts & Flavor Ingredients	$	292,347		$	-		$	-		$	292,347
Natural Ingredients		156,864			-			-			156,864
Fragrances		65,828			-			-			65,828
Yogurt Fruit Preparations		16,225			-			-			16,225
Food & Pharmaceutical Colors		-			259,249			-			259,249
Personal Care		-			123,595			-			123,595
Inks		-			26,952			-			26,952
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

Geographic Markets

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Three months ended September 30, 2020:
North America	$	124,125	$	61,937	$	48	$	186,110
Europe		37,257		24,953		11		62,221
Asia Pacific		7,905		10,926		29,489		48,320
Other		10,400		15,323		1,192		26,915
Total revenue from external customers	$	179,687	$	113,139	$	30,740	$	323,566

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

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Nine months ended September 30, 2020:
North America	$	361,653	$	189,572	$	48	$	551,273
Europe		120,406		88,941		78		209,425
Asia Pacific		25,363		43,096		85,746		154,205
Other		31,882		47,602		2,946		82,430
Total revenue from external customers	$	539,304	$	369,211	$	88,818	$	997,333

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