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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Reportable Segment Information
Reportable segment information is as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(DOLLARS IN THOUSANDS)
2013
 
2012
 
2013
 
2012
Net sales:
 
 
 
 
 
 
 
Flavors
$
349,385

 
$
340,674

 
$
1,079,786

 
$
1,051,932

Fragrances
392,871

 
368,281

 
1,147,941

 
1,088,956

Consolidated
$
742,256

 
$
708,955

 
$
2,227,727

 
$
2,140,888

Segment profit:
 
 
 
 
 
 
 
Flavors
$
81,101

 
$
76,145

 
$
254,055

 
$
236,458

Fragrances
81,309

 
65,331

 
221,577

 
185,049

Global expenses
(18,313
)
 
(7,301
)
 
(47,236
)
 
(32,450
)
Restructuring and other charges, net
—

 
—

 
(2,105
)
 
(1,668
)
Operational improvement initiative costs (1)
(2,568
)
 
—

 
(4,761
)
 
—

Operating profit
141,529

 
134,175

 
421,530

 
387,389

Interest expense
(11,625
)
 
(9,907
)
 
(35,637
)
 
(31,330
)
Other income, net (2)
4,080

 
(2,424
)
 
16,359

 
(1,333
)
Income before taxes
$
133,984

 
$
121,844

 
$
402,252

 
$
354,726


 
(1)
Operational improvement initiative costs relate to the closing of a smaller facility in Europe and certain manufacturing activities in Asia, while transferring production to larger facilities in each respective region.
(2)
Other income, net includes a $16.1 million gain on the sale of a non-operating asset for the nine months ended September 30, 2013.