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CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 1,291,568 $ 920,016 $ 2,588,970 $ 1,850,944
Cost of goods sold 745,329 521,299 1,511,472 1,046,419
Gross profit 546,239 398,717 1,077,498 804,525
Research and development expenses 84,816 74,767 175,412 153,244
Selling and administrative expenses 210,100 157,407 423,282 300,051
Amortization of acquisition-related intangibles 47,909 9,584 95,534 18,769
Restructuring and other charges, net 2,525 1,186 18,699 1,903
Losses on sales of fixed assets 952 1,264 764 1,195
Operating profit 199,937 154,509 363,807 329,363
Interest expense 32,593 53,246 69,165 69,841
Other income, net (2,137) (20,655) (9,415) (21,232)
Income before taxes 169,481 121,918 304,057 280,754
Taxes on income 30,612 22,769 53,974 52,190
Net income 138,869 99,149 250,083 228,564
Net income attributable to noncontrolling interests 2,492 0 4,877 0
Net income attributable to IFF stockholders 136,377 99,149 245,206 228,564
Other comprehensive (loss) income, after tax:        
Foreign currency translation adjustments (14,014) (85,264) 28,363 (70,461)
Gains on derivatives qualifying as hedges 415 10,455 318 9,926
Pension and postretirement net liability 2,594 2,890 5,187 5,519
Net current period other comprehensive income (loss) (11,005) (71,919) 33,868 (55,016)
Comprehensive income attributable to IFF stockholders $ 125,372 $ 27,230 $ 279,074 $ 173,548
Net income per share - basic (in dollars per share) $ 1.21 $ 1.25 $ 2.19 $ 2.89
Net income per share - diluted (in dollars per share) $ 1.20 $ 1.25 $ 2.16 $ 2.87
Average number of shares outstanding - basic (in shares) 111,996 79,065 111,930 79,041
Average number of shares outstanding - diluted (in shares) 112,872 79,303 113,131 79,347