Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

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

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other			Consolidated
Three months ended June 30, 2021:
Revenue from external customers	$	174,699	$	128,830	$	32,298	$	-		$	335,827
Intersegment revenue		4,702		4,377		19		-			9,098
Total revenue	$	179,401	$	133,207	$	32,317	$	-		$	344,925

Operating income (loss)	$	24,536	$	25,615	$	5,793	$	(20,191	)	$	35,753
Interest expense		-		-		-		3,322			3,322
Earnings (loss) before income taxes	$	24,536	$	25,615	$	5,793	$	(23,513	)	$	32,431

Three months ended June 30, 2020:
Revenue from external customers	$	178,430	$	116,879	$	27,781	$	-		$	323,090
Intersegment revenue		5,181		4,417		92		-			9,690
Total revenue	$	183,611	$	121,296	$	27,873	$	-		$	332,780

Operating income (loss)	$	22,752	$	22,263	$	4,849	$	(7,739	)	$	42,125
Interest expense		-		-		-		3,608			3,608
Earnings (loss) before income taxes	$	22,752	$	22,263	$	4,849	$	(11,347	)	$	38,517

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other			Consolidated
Six months ended June 30, 2021:
Revenue from external customers	$	369,360	$	260,031	$	66,138	$	-		$	695,529
Intersegment revenue		10,952		8,896		19		-			19,867
Total revenue	$	380,312	$	268,927	$	66,157	$	-		$	715,396

Operating income (loss)	$	51,554	$	52,209	$	12,545	$	(33,658	)	$	82,650
Interest expense		-		-		-		6,755			6,755
Earnings (loss) before income taxes	$	51,554	$	52,209	$	12,545	$	(40,413	)	$	75,895

Six months ended June 30, 2020:
Revenue from external customers	$	359,617	$	256,072	$	58,078	$	-		$	673,767
Intersegment revenue		10,492		8,719		244		-			19,455
Total revenue	$	370,109	$	264,791	$	58,322	$	-		$	693,222

Operating income (loss)	$	43,623	$	51,927	$	9,908	$	(28,772	)	$	76,686
Interest expense		-		-		-		7,915			7,915
Earnings (loss) before income taxes	$	43,623	$	51,927	$	9,908	$	(36,687	)	$	68,771

Product Lines

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Three months ended June 30, 2021:
Flavors, Extracts & Flavor Ingredients	$	111,763		$	-		$	-		$	111,763
Natural Ingredients		60,302			-			-			60,302
Fragrances		5,921			-			-			5,921
Yogurt Fruit Preparations		1,415			-			-			1,415
Food & Pharmaceutical Colors		-			94,092			-			94,092
Personal Care		-			38,323			-			38,323
Inks		-			792			-			792
Asia Pacific		-			-			32,317			32,317
Intersegment Revenue		(4,702	)		(4,377	)		(19	)		(9,098	)
Total revenue from external customers	$	174,699		$	128,830		$	32,298		$	335,827

Three months ended June 30, 2020:
Flavors, Extracts & Flavor Ingredients	$	101,642		$	-		$	-		$	101,642
Natural Ingredients		57,227			-			-			57,227
Fragrances		21,077			-			-			21,077
Yogurt Fruit Preparations		3,665			-			-			3,665
Food & Pharmaceutical Colors		-			86,825			-			86,825
Personal Care		-			31,095			-			31,095
Inks		-			3,376			-			3,376
Asia Pacific		-			-			27,873			27,873
Intersegment Revenue		(5,181	)		(4,417	)		(92	)		(9,690	)
Total revenue from external customers	$	178,430		$	116,879		$	27,781		$	323,090

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Six months ended June 30, 2021:
Flavors, Extracts & Flavor Ingredients	$	219,853		$	-		$	-		$	219,853
Natural Ingredients		122,506			-			-			122,506
Fragrances		34,388			-			-			34,388
Yogurt Fruit Preparations		3,565			-			-			3,565
Food & Pharmaceutical Colors		-			187,877			-			187,877
Personal Care		-			79,838			-			79,838
Inks		-			1,212			-			1,212
Asia Pacific		-			-			66,157			66,157
Intersegment Revenue		(10,952	)		(8,896	)		(19	)		(19,867	)
Total revenue from external customers	$	369,360		$	260,031		$	66,138		$	695,529

Six months ended June 30, 2020:
Flavors, Extracts & Flavor Ingredients	$	203,095		$	-		$	-		$	203,095
Natural Ingredients		114,827			-			-			114,827
Fragrances		43,361			-			-			43,361
Yogurt Fruit Preparations		8,826			-			-			8,826
Food & Pharmaceutical Colors		-			177,618			-			177,618
Personal Care		-			74,838			-			74,838
Inks		-			12,335			-			12,335
Asia Pacific		-			-			58,322			58,322
Intersegment Revenue		(10,492	)		(8,719	)		(244	)		(19,455	)
Total revenue from external customers	$	359,617		$	256,072		$	58,078		$	673,767

Geographic Markets

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Three months ended June 30, 2021:
North America	$	128,665	$	57,264	$	37	$	185,966
Europe		32,654		37,906		54		70,614
Asia Pacific		8,161		18,543		31,794		58,498
Other		5,219		15,117		413		20,749
Total revenue from external customers	$	174,699	$	128,830	$	32,298	$	335,827

Three months ended June 30, 2020:
North America	$	120,827	$	61,370	$	-	$	182,197
Europe		39,272		25,250		45		64,567
Asia Pacific		8,103		16,195		27,135		51,433
Other		10,228		14,064		601		24,893
Total revenue from external customers	$	178,430	$	116,879	$	27,781	$	323,090

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Six months ended June 30, 2021:
North America	$	258,308	$	120,934	$	62	$	379,304
Europe		77,222		75,184		76		152,482
Asia Pacific		17,878		33,381		64,352		115,611
Other		15,952		30,532		1,648		48,132
Total revenue from external customers	$	369,360	$	260,031	$	66,138	$	695,529

Six months ended June 30, 2020:
North America	$	237,528	$	127,635	$	-	$	365,163
Europe		83,149		63,988		67		147,204
Asia Pacific		17,458		32,170		56,257		105,885
Other		21,482		32,279		1,754		55,515
Total revenue from external customers	$	359,617	$	256,072	$	58,078	$	673,767