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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2014
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)
2014
 
2013
 
2014
 
2013
Net sales:
 
 
 
 
 
 
 
Flavors
$
358,708

 
$
349,385

 
$
1,100,726

 
$
1,079,786

Fragrances
415,105

 
392,871

 
1,231,725

 
1,147,941

Consolidated
$
773,813

 
$
742,256

 
$
2,332,451

 
$
2,227,727

Segment profit:
 
 
 
 
 
 
 
Flavors
$
79,747

 
$
81,101

 
$
258,614

 
$
254,055

Fragrances
86,615

 
81,309

 
259,253

 
221,577

Global expenses
(12,882
)
 
(18,313
)
 
(49,182
)
 
(47,236
)
Restructuring and other charges, net
(608
)
 
—

 
(912
)
 
(2,105
)
Operational improvement initiative costs (1)
(282
)
 
(2,568
)
 
(6,014
)
 
(4,761
)
Operating profit
152,590

 
141,529

 
461,759

 
421,530

Interest expense
(10,968
)
 
(11,625
)
 
(34,048
)
 
(35,637
)
Other income, net
563

 
4,080

 
3,761

 
16,359

Income before taxes
$
142,185

 
$
133,984

 
$
431,472

 
$
402,252


 
(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.