Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Operating Segment

Goodwill

Movements in goodwill during the years ended December 31,2015, 2016 and 2017 were as follows:

(DOLLARS IN THOUSANDS)	Goodwill
Balance at January 1, 2015	$	675,484
Acquisitions	265,905
Balance at December 31, 2015	941,389
Acquisitions	67,480
Foreign exchange	(8,746		)
Balance at December 31, 2016	1,000,123
Acquisitions	87,865
Foreign exchange	32,920
Other(a)	35,380
Balance at December 31, 2017	$	1,156,288

_______________________ 

(a) Other above principally represents the increase to Goodwill associated with the update of certain customer relationship assumptions in the final purchase price allocation of David Michael, as disclosed in Note 3.

Goodwill by segment was as follows:

	December 31,
(DOLLARS IN THOUSANDS)	2017		2016
Flavors	$	525,038	$	473,820
Fragrances	631,250		526,303
Total	$	1,156,288	$	1,000,123

Schedule of Other Intangible Assets

Other intangible assets, net consisted of the following amounts:

	December 31,
(DOLLARS IN THOUSANDS)	2017			2016
Asset Type
Customer relationships	$	407,636		$	371,270
Trade names & patents	38,771			30,679
Technological know-how	161,856			119,544
Other	24,814			24,470
Total carrying value	633,077			545,963
Accumulated Amortization
Customer relationships	(104,800		)	(82,555		)
Trade names & patents	(15,241		)	(12,198		)
Technological know-how	(76,766		)	(68,292		)
Other	(20,483		)	(17,135		)
Total accumulated amortization	(217,290		)	(180,180		)
Other intangible assets, net	$	415,787		$	365,783