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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Reportable Segment Information
Reportable segment information is as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(DOLLARS IN THOUSANDS)
2014
 
2013
 
2014
 
2013
Net sales:
 
 
 
 
 
 
 
Flavors
$
375,513

 
$
374,041

 
$
742,018

 
$
730,401

Fragrances
412,901

 
383,594

 
816,620

 
755,070

Consolidated
$
788,414

 
$
757,635

 
$
1,558,638

 
$
1,485,471

Segment profit:
 
 
 
 
 
 
 
Flavors
$
90,805

 
$
89,919

 
$
178,869

 
$
172,955

Fragrances
85,474

 
71,913

 
172,638

 
140,270

Global expenses
(19,869
)
 
(17,169
)
 
(36,303
)
 
(29,761
)
Restructuring and other charges, net
(182
)
 
(2,105
)
 
(304
)
 
(2,105
)
Operational improvement initiative costs (1)
(3,113
)
 
(162
)
 
(5,732
)
 
(1,360
)
Operating profit
153,115

 
142,396

 
309,168

 
279,999

Interest expense
(11,403
)
 
(12,860
)
 
(23,080
)
 
(24,013
)
Other income, net
4,641

 
11,209

 
3,198

 
12,282

Income before taxes
$
146,353

 
$
140,745

 
$
289,286

 
$
268,268


 
(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.