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Nature of Operations and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Contract Asset and Accounts Receivable
The following table reflects the balances in our contract assets and accounts receivable for the periods ended September 30, 2019 and December 31, 2018:
(DOLLARS IN THOUSANDS)
September 30, 2019
 
December 31, 2018
Receivables (included in Trade receivables)
$
951,194

 
$
946,938

Contract asset - Short term
3,342

 
487


Disaggregation of Revenue
The following table presents the Company's revenues disaggregated by product categories:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(DOLLARS IN THOUSANDS)
2019
 
2018
 
2019
 
2018
Flavor Compounds
$
716,169

 
$
436,214

 
$
2,165,650

 
$
1,335,773

Fragrance Compounds
389,757

 
379,359

 
1,154,564

 
1,130,028

Ingredients
161,419

 
91,975

 
536,101

 
292,691

Total revenues
$
1,267,345

 
$
907,548

 
$
3,856,315

 
$
2,758,492