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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2018
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)
2018
 
2017
 
2018
 
2017
Net sales:
 
 
 
 
 
 
 
Flavors
$
450,540

 
$
414,323

 
$
899,559

 
$
820,487

Fragrances
469,476

 
428,538

 
951,385

 
850,667

Consolidated
$
920,016

 
$
842,861

 
$
1,850,944

 
$
1,671,154

Segment profit:
 
 
 
 
 
 
 
Flavors
$
109,605

 
$
96,840

 
$
221,169

 
$
191,395

Fragrances
80,780

 
80,993

 
174,056

 
158,867

Global expenses
(20,572
)
 
(13,488
)
 
(44,398
)
 
(29,781
)
Operational Improvement Initiatives (a)
(403
)
 
(445
)
 
(1,429
)
 
(1,066
)
Acquisition Related Costs (b)
4

 
(6,278
)
 
518

 
(15,066
)
Integration Related Costs (c)
(993
)
 
(731
)
 
(993
)
 
(1,923
)
Legal Charges/Credits, net (d)
—

 
(1,000
)
 
—

 
(1,000
)
Tax Assessment (e)
—

 
19

 
—

 
(5,331
)
Restructuring and Other Charges, net (f)
(193
)
 
(791
)
 
(910
)
 
(10,934
)
(Losses) Gains on Sale of Assets
(1,264
)
 
68

 
(1,195
)
 
89

FDA Mandated Product Recall (g)
—

 
(3,500
)
 
(5,000
)
 
(3,500
)
Frutarom Acquisition Related Costs (h)
(12,455
)
 
—

 
(12,455
)
 
—

Operating profit
154,509

 
151,687

 
329,363

 
281,750

Interest expense
(53,246
)
 
(17,556
)
 
(69,841
)
 
(30,363
)
Other income (expense)
20,655

 
7,909

 
21,232

 
29,140

Income before taxes
$
121,918

 
$
142,040

 
$
280,754

 
$
280,527


(a)
For 2018, represents accelerated depreciation related to a plant relocation in India. For 2017, represents accelerated depreciation and idle labor costs in Hangzhou, China.
(b)
For 2018, represents adjustments to the contingent consideration payable for PowderPure, and transaction costs related to Fragrance Resources and PowderPure within Selling and administrative expenses. For 2017, represents the amortization of inventory "step-up" related to the acquisitions of David Michael, Fragrance Resources and PowderPure, included in cost of goods sold and transaction costs related to the acquisitions of David Michael, Fragrance Resources and PowderPure, included in Selling and administrative expenses.
(c)
For 2018, represents costs related to the integration of David Michael. For 2017, represents costs related to the integration of David Michael and Fragrance Resources acquisitions.
(d)
Represents additional charge related to litigation settlement.
(e)
Represents the reserve for payment of a tax assessment related to commercial rent for prior periods.
(f)
Represents severance costs related to the 2017 Productivity Program and Taiwan lab closure.
(g)
Represents management's best estimate of losses related to the previously disclosed FDA mandated recall.
(h)
Represents transaction-related costs and expenses related to the pending acquisition of Frutarom.
Net Sales by Destination of Product Delivery
Net sales are attributed to individual regions based upon the destination of product delivery are as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(DOLLARS IN THOUSANDS)
2018
 
2017
 
2018
 
2017
Net sales related to the U.S.
$
234,118

 
$
243,815

 
$
464,521

 
$
449,325

Net sales attributed to all foreign countries
685,898

 
599,046

 
1,386,423

 
1,221,829