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Redeemable Noncontrolling Interests
 3 Months Ended
Mar. 31, 2020
Noncontrolling Interest [Abstract]  
Redeemable Noncontrolling Interests REDEEMABLE NONCONTROLLING INTERESTS
Through certain subsidiaries of our Frutarom acquisition, there are certain noncontrolling interests that carry redemption features. The noncontrolling interest holders have the right, over a stipulated period of time, to sell their respective interests to Frutarom, and Frutarom has the option to purchase these interests (subject to the same timing). These options carry identical price and conditions of exercise, and will be settled based on the multiple of the average EBITDA of consecutive quarters to be achieved during the period ending prior to the exercise date. 
The following table sets forth the details of the Company's redeemable noncontrolling interests:
(DOLLARS IN THOUSANDS)
Redeemable
Noncontrolling Interests
Balance at December 31, 2018
$
81,806

Acquired through acquisitions during 2019
26,224

Impact of foreign exchange translation
(190
)
Share of profit or loss attributable to redeemable noncontrolling interests
1,541

Redemption value adjustment for the current period
(370
)
Dividends paid
5,700

Balance at March 31, 2019
$
114,711

 
 
Balance at December 31, 2019
$
99,043

Impact of foreign exchange translation
19,255

Share of profit or loss attributable to redeemable noncontrolling interests
1,987

Redemption value adjustment for the current period
(5,806
)
Measurement period adjustments
(1,426
)
Exercises of redeemable noncontrolling interests
(10,340
)
Balance at March 31, 2020
$
102,713

For 2019, the increase in redeemable noncontrolling interests was primarily due to the interests acquired through acquisitions during the first quarter of 2019, as discussed in Note 3.
For 2020, the increase in redeemable noncontrolling interests was primarily due to the impact of foreign exchange translation offset by the exercise of options.