Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Information [Abstract]

Operating Results by Segment

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, 2022:
Revenue from external customers	$	181,397	$	144,570	$	35,109	$	-		$	361,076
Intersegment revenue		5,649		6,899		112		-			12,660
Total revenue	$	187,046	$	151,469	$	35,221	$	-		$	373,736
Operating income (loss)	$	26,337	$	28,200	$	6,952	$	(13,996	)	$	47,493
Interest expense		-		-		-		3,672			3,672
Earnings (loss) before income taxes	$	26,337	$	28,200	$	6,952	$	(17,668	)	$	43,821
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

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other			Consolidated
Nine months ended September 30, 2022:
Revenue from external customers	$	539,014	$	440,568	$	108,721	$	-		$	1,088,303
Intersegment revenue		20,096		15,607		293		-			35,996
Total revenue	$	559,110	$	456,175	$	109,014	$	-		$	1,124,299
Operating income (loss)	$	83,929	$	90,035	$	22,877	$	(41,315	)	$	155,526
Interest expense		-		-		-		9,748			9,748
Earnings (loss) before income taxes	$	83,929	$	90,035	$	22,877	$	(51,063	)	$	145,778
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

Product Lines

Product Lines

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Three months ended September 30, 2022:
Flavors, Extracts & Flavor Ingredients	$	123,945		$	-		$	-		$	123,945
Natural Ingredients		63,101			-			-			63,101
Food & Pharmaceutical Colors		-			111,194			-			111,194
Personal Care		-			39,689			-			39,689
Inks		-			586			-			586
Asia Pacific		-			-			35,221			35,221
Intersegment Revenue		(5,649	)		(6,899	)		(112	)		(12,660	)
Total revenue from external customers	$	181,397		$	144,570		$	35,109		$	361,076
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

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Nine months ended September 30, 2022:
Flavors, Extracts & Flavor Ingredients	$	381,041		$	-		$	-		$	381,041
Natural Ingredients		178,069			-			-			178,069
Food & Pharmaceutical Colors		-			328,087			-			328,087
Personal Care		-			126,651			-			126,651
Inks		-			1,437			-			1,437
Asia Pacific		-			-			109,014			109,014
Intersegment Revenue		(20,096	)		(15,607	)		(293	)		(35,996	)
Total revenue from external customers	$	539,014		$	440,568		$	108,721		$	1,088,303
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

Geographical Markets

Geographic Markets

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Three months ended September 30, 2022:
North America	$	142,097	$	74,220	$	27	$	216,344
Europe		26,795		34,591		44		61,430
Asia Pacific		7,091		16,770		34,433		58,294
Other		5,414		18,989		605		25,008
Total revenue from external customers	$	181,397	$	144,570	$	35,109	$	361,076
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

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Nine months ended September 30, 2022:
North America	$	407,684	$	223,508	$	87	$	631,279
Europe		90,565		116,184		175		206,924
Asia Pacific		23,628		49,199		105,222		178,049
Other		17,137		51,677		3,237		72,051
Total revenue from external customers	$	539,014	$	440,568	$	108,721	$	1,088,303
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