Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023:
Revenue from external customers	$	171,972	$	156,949	$	40,085	$	-		$	369,006
Intersegment revenue		6,880		4,212		-		-			11,092
Total revenue	$	178,852	$	161,161	$	40,085	$	-		$	380,098
Operating income (loss)	$	22,180	$	31,885	$	9,241	$	(12,468	)	$	50,838
Interest expense		-		-		-		6,002			6,002
Earnings (loss) before income taxes	$	22,180	$	31,885	$	9,241	$	(18,470	)	$	44,836
Three months ended March 31, 2022:
Revenue from external customers	$	175,202	$	143,928	$	36,391	$	-		$	355,521
Intersegment revenue		7,525		4,510		74		-			12,109
Total revenue	$	182,727	$	148,438	$	36,465	$	-		$	367,630
Operating income (loss)	$	27,579	$	30,657	$	8,204	$	(13,651	)	$	52,789
Interest expense		-		-		-		2,993			2,993
Earnings (loss) before income taxes	$	27,579	$	30,657	$	8,204	$	(16,644	)	$	49,796

Product Lines

Product Lines

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Three months ended March 31, 2023:
Flavors, Extracts & Flavor Ingredients	$	124,825		$	-		$	-		$	124,825
Natural Ingredients		54,027			-			-			54,027
Food & Pharmaceutical Colors		-			118,747			-			118,747
Personal Care		-			42,414			-			42,414
Asia Pacific		-			-			40,085			40,085
Intersegment Revenue		(6,880	)		(4,212	)		-			(11,092	)
Total revenue from external customers	$	171,972		$	156,949		$	40,085		$	369,006
Three months ended March 31, 2022:
Flavors, Extracts & Flavor Ingredients	$	126,518		$	-		$	-		$	126,518
Natural Ingredients		56,209			-			-			56,209
Food & Pharmaceutical Colors		-			103,109			-			103,109
Personal Care		-			44,846			-			44,846
Inks		-			483			-			483
Asia Pacific		-			-			36,465			36,465
Intersegment Revenue		(7,525	)		(4,510	)		(74	)		(12,109	)
Total revenue from external customers	$	175,202		$	143,928		$	36,391		$	355,521

Geographical Markets

Geographic Markets

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Three months ended March 31, 2023:
North America	$	131,968	$	78,377	$	62	$	210,407
Europe		28,927		43,252		103		72,282
Asia Pacific		5,201		18,149		39,195		62,545
Other		5,876		17,171		725		23,772
Total revenue from external customers	$	171,972	$	156,949	$	40,085	$	369,006
Three months ended March 31, 2022:
North America	$	126,702	$	69,928	$	58	$	196,688
Europe		32,605		41,978		81		74,664
Asia Pacific		9,737		16,016		33,982		59,735
Other		6,158		16,006		2,270		24,434
Total revenue from external customers	$	175,202	$	143,928	$	36,391	$	355,521