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CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 1,267,345 $ 907,548 $ 3,856,315 $ 2,758,492
Cost of goods sold 734,257 506,882 2,245,729 1,553,300
Gross profit 533,088 400,666 1,610,586 1,205,192
Research and development expenses 85,077 75,302 260,489 228,545
Selling and administrative expenses 210,829 157,796 634,111 457,847
Amortization of acquisition-related intangibles 48,430 9,003 143,964 27,772
Restructuring and other charges, net 3,716 927 22,415 2,830
Losses (gains) on sales of fixed assets 372 (1,630) 1,136 (435)
Operating profit 184,664 159,268 548,471 488,633
Interest expense 33,497 23,914 102,662 93,755
Loss on extinguishment of debt 0 38,810 0 38,810
Other income, net (5,699) (4,158) (15,114) (25,389)
Income before taxes 156,866 100,702 460,923 381,457
Taxes on income 27,059 4,986 81,033 57,176
Net income 129,807 95,716 379,890 324,281
Net income attributable to noncontrolling interests 2,683 0 7,560 0
Net income attributable to IFF stockholders 127,124 95,716 372,330 324,281
Other comprehensive loss, after tax:        
Foreign currency translation adjustments (204,853) (27,587) (176,490) (98,048)
Gains on derivatives qualifying as hedges 2,939 2,421 3,257 12,347
Pension and postretirement net liability 2,721 2,559 7,908 8,078
Net current period other comprehensive income (loss) (199,193) (22,607) (165,325) (77,623)
Comprehensive (loss) income attributable to IFF stockholders $ (72,069) $ 73,109 $ 207,005 $ 246,658
Net income per share - basic (in dollars per share) $ 1.15 $ 1.18 $ 3.34 $ 4.06
Net income per share - diluted (in dollars per share) $ 1.13 $ 1.17 $ 3.30 $ 4.04
Average number of shares outstanding - basic (in shares) 111,998 81,263 111,953 79,783
Average number of shares outstanding - diluted (in shares) 113,493 81,647 113,133 80,115