Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2021:
Revenue from external customers	$	175,690	$	135,395	$	33,202	$	-		$	344,287
Intersegment revenue		5,977		3,844		240		-			10,061
Total revenue	$	181,667	$	139,239	$	33,442	$	-		$	354,348

Operating income (loss)	$	25,164	$	27,253	$	6,601	$	(12,060	)	$	46,958
Interest expense		-		-		-		3,037			3,037
Earnings (loss) before income taxes	$	25,164	$	27,253	$	6,601	$	(15,097	)	$	43,921

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

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other			Consolidated
Nine months ended September 30, 2021:
Revenue from external customers	$	545,050	$	395,426	$	99,340	$	-		$	1,039,816
Intersegment revenue		16,929		12,740		259		-			29,928
Total revenue	$	561,979	$	408,166	$	99,599	$	-		$	1,069,744

Operating income (loss)	$	76,718	$	79,462	$	19,146	$	(45,718	)	$	129,608
Interest expense		-		-		-		9,792			9,792
Earnings (loss) before income taxes	$	76,718	$	79,462	$	19,146	$	(55,510	)	$	119,816

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

Product Lines

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Three months ended September 30, 2021:
Flavors, Extracts & Flavor Ingredients	$	116,140		$	-		$	-		$	116,140
Natural Ingredients		64,215			-			-			64,215
Yogurt Fruit Preparations		1,312			-			-			1,312
Food & Pharmaceutical Colors		-			99,688			-			99,688
Personal Care		-			39,241			-			39,241
Inks		-			310			-			310
Asia Pacific		-			-			33,442			33,442
Intersegment Revenue		(5,977	)		(3,844	)		(240	)		(10,061	)
Total revenue from external customers	$	175,690		$	135,395		$	33,202		$	344,287

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

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Nine months ended September 30, 2021:
Flavors, Extracts & Flavor Ingredients	$	347,642		$	-		$	-		$	347,642
Natural Ingredients		186,721			-			-			186,721
Fragrances		22,739			-			-			22,739
Yogurt Fruit Preparations		4,877			-			-			4,877
Food & Pharmaceutical Colors		-			287,565			-			287,565
Personal Care		-			119,079			-			119,079
Inks		-			1,522			-			1,522
Asia Pacific		-			-			99,599			99,599
Intersegment Revenue		(16,929	)		(12,740	)		(259	)		(29,928	)
Total revenue from external customers	$	545,050		$	395,426		$	99,340		$	1,039,816

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

Geographic Markets

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Three months ended September 30, 2021:
North America	$	131,855	$	67,830	$	5	$	199,690
Europe		30,241		37,004		30		67,275
Asia Pacific		6,410		14,451		32,511		53,372
Other		7,184		16,110		656		23,950
Total revenue from external customers	$	175,690	$	135,395	$	33,202	$	344,287

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

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Nine months ended September 30, 2021:
North America	$	390,163	$	188,764	$	67	$	578,994
Europe		107,463		112,188		106		219,757
Asia Pacific		24,288		47,832		96,863		168,983
Other		23,136		46,642		2,304		72,082
Total revenue from external customers	$	545,050	$	395,426	$	99,340	$	1,039,816

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