Sensient Technologies (SXT) 10-Q 6 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'SENSIENT TECHNOLOGIES CORP	'
Entity Central Index Key	'0000310142	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'Yes	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	48,219,181
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'

CONSOLIDATED_CONDENSED_STATEME

CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) [Abstract]	'	'	'	'
Revenue	$374,666	$378,806	$742,797	$744,446
Cost of products sold	245,002	256,285	488,625	504,788
Selling and administrative expenses	81,455	73,843	204,384	154,642
Operating income	48,209	48,678	49,788	85,016
Interest expense (loss)	3,718	4,008	7,849	8,269
Earnings (loss) before income taxes	44,491	44,670	41,939	76,747
Income taxes	15,430	12,388	14,953	23,026
Net earnings	$29,061	$32,282	$26,986	$53,721
Weighted average number of shares outstanding:	'	'	'	'
Basic (in shares)	48,665	49,751	49,256	49,731
Diluted (in shares)	48,953	49,917	49,512	49,892
Earnings per common share:	'	'	'	'
Basic (in dollars per share)	$0.60	$0.65	$0.55	$1.08
Diluted (in dollars per share)	$0.59	$0.65	$0.55	$1.08
Dividends declared per common share (in dollars per share)	$0	$0.23	$0.48	$0.45

CONSOLIDATED_CONDENSED_STATEME1

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]	'	'	'	'
Comprehensive Income	$34,130	$24,657	$32,210	$28,043

CONSOLIDATED_CONDENSED_BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'
Cash and cash equivalents	$28,428	$19,836
Trade accounts receivable, net	265,641	233,751
Inventories	479,450	474,452
Prepaid expenses and other current assets	74,373	61,786
TOTAL CURRENT ASSETS	847,892	789,825
OTHER ASSETS	89,305	47,786
INTANGIBLE ASSETS, NET	9,694	10,546
GOODWILL	459,554	457,269
PROPERTY, PLANT AND EQUIPMENT:	'	'
Land	45,630	56,343
Buildings	329,721	374,388
Machinery and equipment	747,956	751,267
Construction in progress	64,792	55,236
Property, Plant and Equipment, Gross, Total	1,188,099	1,237,234
Less accumulated depreciation	-668,072	-671,926
Property, Plant and Equipment, Net, Total	520,027	565,308
TOTAL ASSETS	1,926,472	1,870,734
CURRENT LIABILITIES:	'	'
Trade accounts payable	98,693	99,117
Accrued salaries, wages and withholdings from employees	28,120	32,669
Other accrued expenses	95,422	78,579
Income taxes	3,450	5,478
Short-term borrowings	22,521	7,050
TOTAL CURRENT LIABILITIES	248,206	222,893
OTHER LIABILITIES	32,521	28,495
ACCRUED EMPLOYEE AND RETIREE BENEFITS	27,145	28,538
LONG-TERM DEBT	472,105	348,124
SHAREHOLDERS' EQUITY:	'	'
Common stock	5,396	5,396
Additional paid-in capital	108,202	105,119
Earnings reinvested in the business	1,221,051	1,217,874
Treasury stock, at cost	-199,380	-91,707
Accumulated other comprehensive loss	11,226	6,002
TOTAL SHAREHOLDERS' EQUITY	1,146,495	1,242,684
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$1,926,472	$1,870,734

CONSOLIDATED_CONDENSED_STATEME2

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net earnings	$26,986	$53,721
Adjustments to arrive at net cash provided by operating activities:	'	'
Depreciation and amortization	26,395	25,893
Share-based compensation	2,849	1,330
Loss on assets	48,260	3,073
Deferred income taxes	-6,590	-222
Changes in operating assets and liabilities	-28,461	-13,751
Net cash provided by operating activities	69,439	70,044
Cash flows from investing activities:	'	'
Acquisition of property, plant and equipment	-29,752	-55,241
Proceeds from sale of assets	930	31
Other investing activity	-620	-132
Net cash used in investing activities	-29,442	-55,342
Cash flows from financing activities:	'	'
Proceeds from additional borrowings	174,741	75,596
Debt payments	-73,478	-55,127
Purchase of treasury stock	-108,753	0
Dividends paid	-23,809	-22,507
Proceeds from options exercised and other equity transactions	396	420
Net cash used in financing activities	-30,903	-1,618
Effect of exchange rate changes on cash and cash equivalents	-502	-1,481
Net increase in cash and cash equivalents	8,592	11,603
Cash and cash equivalents at beginning of period	19,836	15,062
Cash and cash equivalents at end of period	$28,428	$26,665

Accounting_Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract ]	'
Accounting Policies	'
	1	Accounting Policies
	In the opinion of Sensient Technologies Corporation (the “Company”), the accompanying unaudited consolidated condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) which are necessary to present fairly the financial position of the Company as of June 30, 2014, and December 31, 2013, and the results of operations, comprehensive income and cash flows for the three and six months ended June 30, 2014 and 2013.  The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from those estimates.
	Expenses are charged to operations in the year incurred.  However, for interim reporting purposes, certain expenses are charged to operations based on a proportionate share of estimated annual amounts rather than as they are actually incurred. In interim periods, depreciation expense is estimated using actual depreciation on fixed assets that have been placed in service at the beginning of the year, combined with an estimate of depreciation expense on expected current year additions.
	On January 1, 2014, the Company adopted Accounting Standards Update (ASU) No. 2013-11, Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which requires companies to change the balance sheet presentation of certain unrecognized tax benefits and deferred tax assets. The adoption of this ASU had no material impact on the Company’s balance sheet presentation, financial condition or results of operations.
	Refer to the notes in the Company’s annual consolidated financial statements for the year ended December 31, 2013, for additional details of the Company’s financial condition and a description of the Company’s accounting policies, which have been continued without change.

Fair_Value

Fair Value	6 Months Ended
	Jun. 30, 2014
Fair Value [Abstract]	'
Fair Value	'
	2	Fair Value
	Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, defines fair value for financial assets and liabilities, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. As of June 30, 2014, and December 31, 2013, the Company’s assets and liabilities subject to this standard are forward exchange contracts and investments in a money market fund and municipal investments. The fair value of the forward exchange contracts based on current pricing obtained for comparable derivative products (Level 2 inputs) was negligible and an asset of $0.2 million as of June 30, 2014 and December 31, 2013, respectively. The fair value of the investments based on June 30, 2014, and December 31, 2013, market quotes (Level 1 inputs) was an asset of $21.1 million and $19.8 million, respectively, and is reported in Other Assets in the Consolidated Condensed Balance Sheets.
	The carrying values of the Company’s cash and cash equivalents, trade accounts receivable, accounts payable, accrued expenses and short-term borrowings approximated fair values as of June 30, 2014. The fair value of the Company’s long-term debt, including current maturities, is estimated using discounted cash flows based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements (Level 2 inputs). The carrying value of the long-term debt at June 30, 2014, was $472.1 million. The fair value of the long-term debt at June 30, 2014, was $485.3 million.

Segment_Information

Segment Information	6 Months Ended
	Jun. 30, 2014
Segment Information [Abstract]	'
Segment Information	'
	3	Segment Information
	Operating results by segment for the periods and at the dates presented are as follows:
	(In thousands)		Flavors &				Corporate
			Fragrances		Color		& Other			Consolidated
	Three months ended June 30, 2014:
	Revenue from external customers		$	207,961	$	127,824	$	38,881		$	374,666
	Intersegment revenue			8,231		5,401		111			13,743
	Total revenue		$	216,192	$	133,225	$	38,992		$	388,409
	Operating income (loss)		$	33,554	$	30,858	$	(16,203	)	$	48,209
	Interest expense			-		-		3,718			3,718
	Earnings (loss) before income taxes		$	33,554	$	30,858	$	(19,921	)	$	44,491
	Three months ended June 30, 2013:
	Revenue from external customers		$	218,315	$	122,871	$	37,620		$	378,806
	Intersegment revenue			8,311		5,360		33			13,704
	Total revenue		$	226,626	$	128,231	$	37,653		$	392,510
	Operating income (loss)		$	31,984	$	28,432	$	(11,738	)	$	48,678
	Interest expense			-		-		4,008			4,008
	Earnings (loss) before income taxes		$	31,984	$	28,432	$	(15,746	)	$	44,670
	(In thousands)		Flavors &				Corporate
			Fragrances		Color		& Other			Consolidated
	Six months ended June 30, 2014:
	Revenue from external customers		$	412,081	$	256,493	$	74,223		$	742,797
	Intersegment revenue			17,490		10,370		111			27,971
	Total revenue		$	429,571	$	266,863	$	74,334		$	770,768
	Operating income (loss)		$	63,493	$	60,265	$	(73,970	)	$	49,788
	Interest expense			-		-		7,849			7,849
	Earnings (loss) before income taxes		$	63,493	$	60,265	$	(81,819	)	$	41,939
	Six months ended June 30, 2013:
	Revenue from external customers		$	425,311	$	246,654	$	72,481		$	744,446
	Intersegment revenue			17,156		11,056		48			28,260
	Total revenue		$	442,467	$	257,710	$	72,529		$	772,706
	Operating income (loss)		$	60,390	$	55,115	$	(30,489	)	$	85,016
	Interest expense			-		-		8,269			8,269
	Earnings (loss) before income taxes		$	60,390	$	55,115	$	(38,758	)	$	76,747
	Beginning in the first quarter of 2014, the results of operations for the Company’s fragrances businesses in Asia Pacific and China, previously reported in the Corporate & Other segment, are reported in the Flavors & Fragrances Group, and the results of operations for the Company’s pharmaceutical flavors business, previously reported in the Flavors & Fragrances Group, are reported in the Color Group with the pharmaceutical colors business. Results for 2013 have been restated to reflect these changes.
	The Company evaluates performance based on operating income of the respective segments before restructuring and other costs, interest expense and income taxes. The 2014 and 2013 restructuring and other costs are included in the Corporate & Other segment.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2014
Inventories [Abstract]	'
Inventories	'
	4	Inventories
	At June 30, 2014, and December 31, 2013, inventories included finished and in-process products totaling $339.4 million and $317.1 million, respectively, and raw materials and supplies of $140.1 million and $157.4 million, respectively.

Retirement_Plans

Retirement Plans	6 Months Ended
	Jun. 30, 2014
Retirement Plans [Abstract]	'
Retirement Plans	'
	5	Retirement Plans
	The Company’s components of annual benefit cost for the defined benefit plans for the periods presented are as follows:
			Three Months Ended						Six Months Ended
			June 30,						June 30,
	(In thousands)		2014			2013			2014			2013
	Service cost		$	635		$	755		$	1,267		$	1,513
	Interest cost			603			600			1,202			1,204
	Expected return on plan assets			(480	)		(362	)		(954	)		(727	)
	Amortization of prior service cost			43			43			86			86
	Amortization of actuarial (gain) loss			(157	)		799			(317	)		1,599
	Curtailment gain			(115	)		-			(115	)		-
	Total defined benefit expense		$	529		$	1,835		$	1,169		$	3,675

Shareholders_Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2014
Shareholders' Equity [Abstract]	'
Shareholders' Equity	'
	6	Shareholders’ Equity
	During the three and six months ended June 30, 2014, the Company repurchased 1.8 million and 2 million shares of its common stock for an aggregate price of $97.8 million and $108.8 million, respectively.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activity	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activity [Abstract]	'
Derivative Instruments and Hedging Activity	'
	7	Derivative Instruments and Hedging Activity
	The Company may use forward exchange contracts and foreign currency denominated debt to manage its exposure to foreign exchange risk by reducing the effect of fluctuating foreign currencies on short-term foreign currency denominated intercompany transactions, non-functional currency raw material purchases, non-functional currency sales and other known foreign currency exposures. These forward exchange contracts have maturities of less than twelve months. The Company’s primary hedging activities and their accounting treatment are summarized below:
	Forward exchange contracts – The forward exchange contracts that have been designated as hedges are accounted for as cash flow hedges. The Company had $28.1 million and $29.6 million of forward exchange contracts, designated as hedges, outstanding as of June 30, 2014, and December 31, 2013, respectively. Due to the short term nature of these contracts, the results of these transactions are not material to the financial statements. In addition, the Company utilizes forward exchange contracts that are not designated as cash flow hedges and the results of these transactions are not material to the financial statements.
	Net investment hedges – The Company has certain debt denominated in Euros and Swiss Francs. These debt instruments have been designated as partial hedges of the Company’s Euro and Swiss Franc net asset positions. Changes in the fair value of this debt attributable to changes in the spot foreign exchange rate are recorded in foreign currency translation in other comprehensive income (“OCI”). As of June 30, 2014, and December 31, 2013, the total value of the Company’s Euro and Swiss Franc debt was $109.8 million and $96.5 million, respectively.  For the three and six months ended June 30, 2014, the impact of foreign exchange rates on these debt instruments decreased debt by $0.5 million and $0.2 million, respectively, and has been recorded as foreign currency translation in OCI.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	8	Income Taxes
	The effective income tax rates for the quarters ended June 30, 2014 and 2013, were 34.7% and 27.7%, respectively. For the six-month periods ended June 30, 2014 and 2013, the effective income tax rates were 35.7% and 30.0%, respectively. The effective tax rates in both 2014 and 2013 were impacted by changes in estimates associated with the finalization of prior year foreign and domestic tax items, including the reversal of valuation allowances related to tax loss carryovers and from the restructuring activities.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2014
Accumulated Other Comprehensive Income [Abstract]	'
Accumulated Other Comprehensive Income	'
	9	Accumulated Other Comprehensive Income
	The following tables summarize the changes in Accumulated Other Comprehensive Income (OCI) during the three- and six-month periods ended June 30, 2014:
	Three Months Ended June 30, 2014
	(In thousands)		Cash Flow			Pension			Foreign		Total
			Hedges (a)			Items (a)			Currency
									Items
	Balance as of March 31, 2014		$	97		$	(6,830	)	$	12,890	$	6,157
	Other comprehensive loss before reclassifications			489			-			4,885		5,374
	Amounts reclassified from OCI			(245	)		(60	)		-		(305	)
	Balance as of June 30, 2014		$	341		$	(6,890	)	$	17,775	$	11,226
	Six Months Ended June 30, 2014
	(In thousands)		Cash Flow			Pension			Foreign		Total
			Hedges (a)			Items (a)			Currency
									Items
	Balance as of December 31, 2013		$	(99	)	$	(6,768	)	$	12,869	$	6,002
	Other comprehensive loss before reclassifications			750			-			4,906		5,656
	Amounts reclassified from OCI			(310	)		(122	)		-		(432	)
	Balance as of June 30, 2014		$	341		$	(6,890	)	$	17,775	$	11,226
		(a)	Cash Flow Hedges and Pension Items are net of tax.
	The following tables summarize the pension items reclassified out of OCI and into the Statement of Earnings during the three- and six-month periods ended June 30, 2014 and 2013:
	(In thousands)		Three Months Ended			Three Months Ended
			30-Jun-14			30-Jun-13
	Amortization of pension expense included in selling and administrative expense:
	Prior service cost		$	43		$	43
	Actuarial (gain) loss			(157	)		799
	Total before income taxes			(114	)		842
	Tax expense (benefit)			54			(315	)
	Total net of tax		$	(60	)	$	527
	(In thousands)		Six Months Ended			Six Months Ended
			30-Jun-14			30-Jun-13
	Amortization of pension expense included in selling and administrative expense:
	Prior service cost		$	86		$	86
	Actuarial (gain) loss			(317	)		1,599
	Total before income taxes			(231	)		1,685
	Tax expense (benefit)			109			(630	)
	Total net of tax		$	(122	)	$	1,055

Restructuring

Restructuring	6 Months Ended
	Jun. 30, 2014
Restructuring [Abstract]	'
Restructuring	'
	10	Restructuring
	In March of this year, the Company announced a restructuring plan (2014 Restructuring Plan) related to eliminating underperforming operations, consolidating manufacturing facilities and improving efficiencies within the Company. The Company anticipates that the 2014 Restructuring Plan will impact several facilities and will generate cost savings estimated to be approximately $30 million per year, with incremental savings expected to be achieved over the next few years and the full benefit expected to be achieved after 2015. The Company also anticipates that the 2014 Restructuring Plan will include a reduction in headcount by approximately 300 employees, primarily direct and indirect manufacturing labor, and pre-tax charges of approximately $120 million to $130 million. In connection with the 2014 Restructuring Plan, less than 10 employees were terminated as of June 30, 2014 and limited savings were recognized by June 30, 2014.
	The Company determined that certain long-lived assets, including land, buildings and certain pieces of equipment associated with the identified underperforming operations were impaired. As a result, the Company has reduced the carrying amounts of these assets to approximately $28.1 million, their aggregate respective fair values, which were determined based on independent market valuations for these assets.
	For the three and six months ended June 30, 2014, the Company recorded restructuring and other costs of $13.0 million ($10.7 million after-tax) and $65.7 million ($48.2 million after-tax). The Company determined that was the appropriate amount of restructuring and other costs to record in each period in accordance with GAAP and based on an internal review of the affected facilities and consultation with legal and other advisors. Included within the restructuring and other costs, the Company incurred $2.2 million and $3.1 million, respectively, related to the 2014 proxy contest during the three and six months ended June 30, 2014. These costs are included in Other costs in the table below and mainly relate to proxy solicitation, public relations, technical consulting and legal services.
	Detail of the restructuring and other costs recorded in selling and administrative expenses in the Corporate & Other segment during the three- and six-month periods ended June 30, 2014 are as follows:
			Three Months			Six Months
			Ended,			Ended,
	(In thousands)		30-Jun-14			30-Jun-14
	Employee separation		$	1,256		$	13,578
	Long-lived asset impairment			9,212			47,872
	Intangibles impairment			-			1,049
	Gain on asset sales			-			(602	)
	Other costs (1)			2,511			3,804
	Total		$	12,979		$	65,701
		-1	Other costs include decommissioning costs, professional services, personnel moving costs, other related costs and 2014 proxy contest costs.
	The Company expects to incur approximately $30 million to $35 million of additional restructuring costs by the end of December 2014 and $25 million to $30 million of additional restructuring costs by the end of 2016, consisting primarily of employee separations, asset impairments, and other restructuring related costs.
	For the three and six months ended June 30, 2013, the Company recorded restructuring costs of $6.6 million ($4.7 million after-tax) and $19.4 million ($14.1 million after-tax), respectively, related to the 2013 restructuring program to relocate the Flavors & Fragrances Group headquarters to Chicago, as well as a profit improvement plan across all segments of the Company. Detail of the restructuring expenses recorded in Corporate & Other segment is as follows:
	Three months ended June 30, 2013
			Selling &			Cost of
	(In thousands)		Administrative			Products Sold			Total
	Employee separation		$	2,428		$	-		$	2,428
	Long-lived asset impairment			880			-			880
	Write-down of inventory			-			277			277
	Other costs(1)			3,057			-			3,057
	Total		$	6,365		$	277		$	6,642
	Six months ended June 30, 2013
			Selling &			Cost of
	(In thousands)		Administrative			Products Sold			Total
	Employee separation		$	11,340		$	-		$	11,340
	Long-lived asset impairment			3,406			-			3,406
	Write-down of inventory			-			872			872
	Other costs(1)			3,797			-			3,797
	Total		$	18,543		$	872		$	19,415
		-1	Other costs include decommissioning, professional services, personnel (other than employee separations) and moving related costs.
	The Company evaluates performance based on operating income of each segment before restructuring costs. The restructuring and other costs are recorded in the Corporate & Other segment. The following table summarizes the restructuring and other costs by segment that the costs relate to for the three and six months ended June 30, 2014 and 2013:
			Three Months Ended,
	(In thousands)		30-Jun-14			30-Jun-13
	Flavors & Fragrances		$	9,068		$	5,951
	Color			1,411			600
	Corporate & Other			2,500			91
	Total		$	12,979		$	6,642
			Six Months Ended,
	(In thousands)		30-Jun-14			30-Jun-13
	Flavors & Fragrances		$	54,051		$	14,490
	Color			7,950			4,310
	Corporate & Other			3,700			615
	Total		$	65,701		$	19,415
	The following table summarizes the accrual for the restructuring and other charges for the six-month period ended June 30, 2014:
			Employee			Asset Related
	(In thousands)		Separations			and Other			Total
	Balance as of December 31, 2013		$	4,562		$	1,588		$	6,150
	Restructuring and other costs			13,578			52,123			65,701
	Gain on sale of assets			-			602			602
	Cash spent			(2,831	)		(1,808	)		(4,639	)
	Reduction of assets			-			(48,921	)		(48,921	)
	Translation adjustment			(87	)		-			(87	)
	Balance as of June 30, 2014		$	15,222		$	3,584		$	18,806

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	11	Commitments and Contingencies
	The Company is involved in various claims and litigation arising in the normal course of business. In the judgment of management, which relies in part on information from Company counsel, the ultimate resolution of these actions will not materially affect the consolidated financial statements of the Company.

Segment_Information_Tables

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Information [Abstract]	'
Segment Information	'
	Operating results by segment for the periods and at the dates presented are as follows:
	(In thousands)	Flavors &				Corporate
		Fragrances		Color		& Other			Consolidated
	Three months ended June 30, 2014:
	Revenue from external customers	$	207,961	$	127,824	$	38,881		$	374,666
	Intersegment revenue		8,231		5,401		111			13,743
	Total revenue	$	216,192	$	133,225	$	38,992		$	388,409
	Operating income (loss)	$	33,554	$	30,858	$	(16,203	)	$	48,209
	Interest expense		-		-		3,718			3,718
	Earnings (loss) before income taxes	$	33,554	$	30,858	$	(19,921	)	$	44,491
	Three months ended June 30, 2013:
	Revenue from external customers	$	218,315	$	122,871	$	37,620		$	378,806
	Intersegment revenue		8,311		5,360		33			13,704
	Total revenue	$	226,626	$	128,231	$	37,653		$	392,510
	Operating income (loss)	$	31,984	$	28,432	$	(11,738	)	$	48,678
	Interest expense		-		-		4,008			4,008
	Earnings (loss) before income taxes	$	31,984	$	28,432	$	(15,746	)	$	44,670
	(In thousands)	Flavors &				Corporate
		Fragrances		Color		& Other			Consolidated
	Six months ended June 30, 2014:
	Revenue from external customers	$	412,081	$	256,493	$	74,223		$	742,797
	Intersegment revenue		17,490		10,370		111			27,971
	Total revenue	$	429,571	$	266,863	$	74,334		$	770,768
	Operating income (loss)	$	63,493	$	60,265	$	(73,970	)	$	49,788
	Interest expense		-		-		7,849			7,849
	Earnings (loss) before income taxes	$	63,493	$	60,265	$	(81,819	)	$	41,939
	Six months ended June 30, 2013:
	Revenue from external customers	$	425,311	$	246,654	$	72,481		$	744,446
	Intersegment revenue		17,156		11,056		48			28,260
	Total revenue	$	442,467	$	257,710	$	72,529		$	772,706
	Operating income (loss)	$	60,390	$	55,115	$	(30,489	)	$	85,016
	Interest expense		-		-		8,269			8,269
	Earnings (loss) before income taxes	$	60,390	$	55,115	$	(38,758	)	$	76,747

Retirement_Plans_Tables

Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2014
Retirement Plans [Abstract]	'
Components of annual benefit cost	'
	The Company’s components of annual benefit cost for the defined benefit plans for the periods presented are as follows:
		Three Months Ended						Six Months Ended
		June 30,						June 30,
	(In thousands)	2014			2013			2014			2013
	Service cost	$	635		$	755		$	1,267		$	1,513
	Interest cost		603			600			1,202			1,204
	Expected return on plan assets		(480	)		(362	)		(954	)		(727	)
	Amortization of prior service cost		43			43			86			86
	Amortization of actuarial (gain) loss		(157	)		799			(317	)		1,599
	Curtailment gain		(115	)		-			(115	)		-
	Total defined benefit expense	$	529		$	1,835		$	1,169		$	3,675

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2014
Accumulated Other Comprehensive Income [Abstract]	'
Changes in accumulated other comprehensive income (AOCI)	'
	The following tables summarize the changes in Accumulated Other Comprehensive Income (OCI) during the three- and six-month periods ended June 30, 2014:
	Three Months Ended June 30, 2014
	(In thousands)		Cash Flow			Pension			Foreign		Total
			Hedges (a)			Items (a)			Currency
									Items
	Balance as of March 31, 2014		$	97		$	(6,830	)	$	12,890	$	6,157
	Other comprehensive loss before reclassifications			489			-			4,885		5,374
	Amounts reclassified from OCI			(245	)		(60	)		-		(305	)
	Balance as of June 30, 2014		$	341		$	(6,890	)	$	17,775	$	11,226
	Six Months Ended June 30, 2014
	(In thousands)		Cash Flow			Pension			Foreign		Total
			Hedges (a)			Items (a)			Currency
									Items
	Balance as of December 31, 2013		$	(99	)	$	(6,768	)	$	12,869	$	6,002
	Other comprehensive loss before reclassifications			750			-			4,906		5,656
	Amounts reclassified from OCI			(310	)		(122	)		-		(432	)
	Balance as of June 30, 2014		$	341		$	(6,890	)	$	17,775	$	11,226
		(a)	Cash Flow Hedges and Pension Items are net of tax.
Reclassification out of Accumulated Other Comprehensive Income	'
	The following tables summarize the pension items reclassified out of OCI and into the Statement of Earnings during the three- and six-month periods ended June 30, 2014 and 2013:
	(In thousands)		Three Months Ended			Three Months Ended
			30-Jun-14			30-Jun-13
	Amortization of pension expense included in selling and administrative expense:
	Prior service cost		$	43		$	43
	Actuarial (gain) loss			(157	)		799
	Total before income taxes			(114	)		842
	Tax expense (benefit)			54			(315	)
	Total net of tax		$	(60	)	$	527
	(In thousands)		Six Months Ended			Six Months Ended
			30-Jun-14			30-Jun-13
	Amortization of pension expense included in selling and administrative expense:
	Prior service cost		$	86		$	86
	Actuarial (gain) loss			(317	)		1,599
	Total before income taxes			(231	)		1,685
	Tax expense (benefit)			109			(630	)
	Total net of tax		$	(122	)	$	1,055

Restructuring_Tables

Restructuring (Tables)	6 Months Ended
	Jun. 30, 2014
Restructuring [Abstract]	'
Summary of restructuring costs	'
	Detail of the restructuring and other costs recorded in selling and administrative expenses in the Corporate & Other segment during the three- and six-month periods ended June 30, 2014 are as follows:
			Three Months			Six Months
			Ended,			Ended,
	(In thousands)		30-Jun-14			30-Jun-14
	Employee separation		$	1,256		$	13,578
	Long-lived asset impairment			9,212			47,872
	Intangibles impairment			-			1,049
	Gain on asset sales			-			(602	)
	Other costs (1)			2,511			3,804
	Total		$	12,979		$	65,701
		-1	Other costs include decommissioning costs, professional services, personnel moving costs, other related costs and 2014 proxy contest costs.
	The Company expects to incur approximately $30 million to $35 million of additional restructuring costs by the end of December 2014 and $25 million to $30 million of additional restructuring costs by the end of 2016, consisting primarily of employee separations, asset impairments, and other restructuring related costs.
	For the three and six months ended June 30, 2013, the Company recorded restructuring costs of $6.6 million ($4.7 million after-tax) and $19.4 million ($14.1 million after-tax), respectively, related to the 2013 restructuring program to relocate the Flavors & Fragrances Group headquarters to Chicago, as well as a profit improvement plan across all segments of the Company. Detail of the restructuring expenses recorded in Corporate & Other segment is as follows:
	Three months ended June 30, 2013
			Selling &			Cost of
	(In thousands)		Administrative			Products Sold			Total
	Employee separation		$	2,428		$	-		$	2,428
	Long-lived asset impairment			880			-			880
	Write-down of inventory			-			277			277
	Other costs(1)			3,057			-			3,057
	Total		$	6,365		$	277		$	6,642
	Six months ended June 30, 2013
			Selling &			Cost of
	(In thousands)		Administrative			Products Sold			Total
	Employee separation		$	11,340		$	-		$	11,340
	Long-lived asset impairment			3,406			-			3,406
	Write-down of inventory			-			872			872
	Other costs(1)			3,797			-			3,797
	Total		$	18,543		$	872		$	19,415
		-1	Other costs include decommissioning, professional services, personnel (other than employee separations) and moving related costs.
Restructuring cost by segment	'
	The Company evaluates performance based on operating income of each segment before restructuring costs. The restructuring and other costs are recorded in the Corporate & Other segment. The following table summarizes the restructuring and other costs by segment that the costs relate to for the three and six months ended June 30, 2014 and 2013:
			Three Months Ended,
	(In thousands)		30-Jun-14			30-Jun-13
	Flavors & Fragrances		$	9,068		$	5,951
	Color			1,411			600
	Corporate & Other			2,500			91
	Total		$	12,979		$	6,642
			Six Months Ended,
	(In thousands)		30-Jun-14			30-Jun-13
	Flavors & Fragrances		$	54,051		$	14,490
	Color			7,950			4,310
	Corporate & Other			3,700			615
	Total		$	65,701		$	19,415
Summary of accrual for restructuring and other charges	'
	The following table summarizes the accrual for the restructuring and other charges for the six-month period ended June 30, 2014:
			Employee			Asset Related
	(In thousands)		Separations			and Other			Total
	Balance as of December 31, 2013		$	4,562		$	1,588		$	6,150
	Restructuring and other costs			13,578			52,123			65,701
	Gain on sale of assets			-			602			602
	Cash spent			(2,831	)		(1,808	)		(4,639	)
	Reduction of assets			-			(48,921	)		(48,921	)
	Translation adjustment			(87	)		-			(87	)
	Balance as of June 30, 2014		$	15,222		$	3,584		$	18,806

Fair_Value_Details

Fair Value (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Mutual fund investments	$21.10	$19.80
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Forward exchange contracts, asset	0.2	0.2
Level 2 [Member] | Carrying Value [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Long term debt	472.1	'
Level 2 [Member] | Fair Value [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Long term debt	$485.30	'

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Revenue from external customers	$374,666	$378,806	$742,797	$744,446
Operating income (loss)	48,209	48,678	49,788	85,016
Interest expense	3,718	4,008	7,849	8,269
Earnings (loss) before income taxes	44,491	44,670	41,939	76,747
Flavors & Fragrances [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue from external customers	207,961	218,315	412,081	425,311
Color [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue from external customers	127,824	122,871	256,493	246,654
Corporate and Other [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue from external customers	38,881	37,620	74,223	72,481
Operating Segments [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenue	388,409	392,510	770,768	772,706
Operating Segments [Member] | Flavors & Fragrances [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenue	216,192	226,626	429,571	442,467
Operating income (loss)	33,554	31,984	63,493	60,390
Interest expense	0	0	0	0
Earnings (loss) before income taxes	33,554	31,984	63,493	60,390
Operating Segments [Member] | Color [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenue	133,225	128,231	266,863	257,710
Operating income (loss)	30,858	28,432	60,265	55,115
Interest expense	0	0	0	0
Earnings (loss) before income taxes	30,858	28,432	60,265	55,115
Operating Segments [Member] | Corporate and Other [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenue	38,992	37,653	74,334	72,529
Operating income (loss)	-16,203	-11,738	-73,970	-30,489
Interest expense	3,718	4,008	7,849	8,269
Earnings (loss) before income taxes	-19,921	-15,746	-81,819	-38,758
Intersegment Eliminations [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenue	13,743	13,704	27,971	28,260
Intersegment Eliminations [Member] | Flavors & Fragrances [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenue	8,231	8,311	17,490	17,156
Intersegment Eliminations [Member] | Color [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenue	5,401	5,360	10,370	11,056
Intersegment Eliminations [Member] | Corporate and Other [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total Revenue	$111	$33	$111	$48

Inventories_Details

Inventories (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Inventories [Abstract]	'	'
Inventories, including finished and in-process products	$339.40	$317.10
Raw materials and supplies	$140.10	$157.40

Retirement_Plans_Details

Retirement Plans (Details) (Pension Plans, Defined Benefit [Member], USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Pension Plans, Defined Benefit [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	$635	$755	$1,267	$1,513
Interest cost	603	600	1,202	1,204
Expected return on plan assets	-480	-362	-954	-727
Amortization of prior service cost	43	43	86	86
Amortization of actuarial (gain) loss	-157	799	-317	1,599
Curtailment gain	-115	0	-115	0
Total defined benefit expense	$529	$1,835	$1,169	$3,675

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	3 Months Ended	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014
Shareholders' Equity [Abstract]	'	'
Common stock repurchased during the period (in shares)	1.8	2
Common stock repurchased during the period, value	$97.80	$108.80

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activity (Details) (USD $)	3 Months Ended	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Dec. 31, 2013
			Foreign Exchange Forward [Member]	Foreign Exchange Forward [Member]	Foreign Currency Denominated Debt, Net Investment Hedging [Member]	Foreign Currency Denominated Debt, Net Investment Hedging [Member]
			Cash Flow Hedging [Member]	Cash Flow Hedging [Member]
Derivative instruments and hedging activity for the period [Abstract]	'	'	'	'	'	'
Derivative, fair value	'	'	$28.10	$29.60	'	'
Carrying value of foreign denominated debt	'	'	'	'	109.8	96.5
Impact of foreign exchange rates on debt instruments recorded in Other Comprehensive Income	($0.50)	($0.20)	'	'	'	'

Income_Taxes_Details

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Taxes [Abstract]	'	'	'	'
Effective income tax rates (in hundredths)	34.70%	27.70%	35.70%	30.00%

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]	'		'
Accumulated Other Comprehensive Income, beginning balance	$6,157		$6,002
Other comprehensive loss before reclassifications	5,374		5,656
Amounts reclassified from OCI	-305		-432
Accumulated Other Comprehensive Income, ending balance	11,226		11,226
Cash Flow Hedges [Member]	'		'
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]	'		'
Accumulated Other Comprehensive Income, beginning balance	97	[1]	-99	[1]
Other comprehensive loss before reclassifications	489	[1]	750	[1]
Amounts reclassified from OCI	-245	[1]	-310	[1]
Accumulated Other Comprehensive Income, ending balance	341	[1]	341	[1]
Pension Items [Member]	'		'
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]	'		'
Accumulated Other Comprehensive Income, beginning balance	-6,830	[1]	-6,768	[1]
Other comprehensive loss before reclassifications	0	[1]	0	[1]
Amounts reclassified from OCI	-60	[1]	-122	[1]
Accumulated Other Comprehensive Income, ending balance	-6,890	[1]	-6,890	[1]
Foreign Currency Items [Member]	'		'
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]	'		'
Accumulated Other Comprehensive Income, beginning balance	12,890		12,869
Other comprehensive loss before reclassifications	4,885		4,906
Amounts reclassified from OCI	0		0
Accumulated Other Comprehensive Income, ending balance	$17,775		$17,775
[1]	Cash Flow Hedges and Pension Items are net of tax.

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income, Reclassification out of Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Pension items reclassified out of other comprehensive income [Abstract]	'	'	'	'
Selling and administrative expense	$81,455	$73,843	$204,384	$154,642
Reclassification out of Accumulated Other Comprehensive Income [Member]	'	'	'	'
Pension items reclassified out of other comprehensive income [Abstract]	'	'	'	'
Total before income taxes	-114	842	-231	1,685
Tax expense (benefit)	54	-315	109	-630
Net earnings	-60	527	-122	1,055
Prior Service Cost [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]	'	'	'	'
Pension items reclassified out of other comprehensive income [Abstract]	'	'	'	'
Selling and administrative expense	43	43	86	86
Actuarial (Gain) Loss [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]	'	'	'	'
Pension items reclassified out of other comprehensive income [Abstract]	'	'	'	'
Selling and administrative expense	($157)	$799	($317)	$1,599

Restructuring_Details

Restructuring (Details) (USD $)	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
					Employee
Restructuring Cost and Reserve [Line Items]	'		'		'		'
Expected annual savings from restructuring	$30,000,000		'		'		'
Headcount reduction due to restructuring	'		'		300		'
Carrying amount reduction due to asset impairment	28,100,000		'		28,100,000		'
Restructuring charge, after tax	10,700,000		4,700,000		48,200,000		14,100,000
Detail of the restructuring costs [Abstract]	'		'		'		'
Employee separation	1,256,000		2,428,000		13,578,000		11,340,000
Long-lived asset impairment	9,212,000		880,000		47,872,000		3,406,000
Intangibles impairment	0		'		1,049,000		'
Gain on asset sales	0		'		-602,000		'
Write-down of inventory	'		277,000		'		872,000
Other costs	2,511,000	[1]	3,057,000	[2]	3,804,000	[1]	3,797,000	[2]
Total	12,979,000		6,642,000		65,701,000		19,415,000
Restructuring cost by segment [Abstract]	'		'		'		'
Total	12,979,000		6,642,000		65,701,000		19,415,000
Summary of accrual for restructuring and other charges [Abstract]	'		'		'		'
Balance as of December 31, 2013	'		'		6,150,000		'
Restructuring and other costs	12,979,000		6,642,000		65,701,000		19,415,000
Gain on sale of assets	0		'		602,000		'
Cash spent	'		'		-4,639,000		'
Reduction of assets	'		'		-48,921,000		'
Translation adjustment	'		'		-87,000		'
Balance as of June 30, 2014	18,806,000		'		18,806,000		'
Minimum [Member]	'		'		'		'
Restructuring Cost and Reserve [Line Items]	'		'		'		'
Number of years of incremental savings (in years)	'		'		'2 years		'
Reduction in manufacturing labor and pre-tax charges	'		'		120,000,000		'
Restructuring cost by segment [Abstract]	'		'		'		'
Future restructuring costs, current year	'		'		30,000,000		'
Future restructuring costs, 2016	25,000,000		'		25,000,000		'
Maximum [Member]	'		'		'		'
Restructuring Cost and Reserve [Line Items]	'		'		'		'
Number of years of incremental savings (in years)	'		'		'3 years		'
Reduction in manufacturing labor and pre-tax charges	'		'		130,000,000		'
Number of employees terminated due to restructuring	'		'		10		'
Restructuring cost by segment [Abstract]	'		'		'		'
Future restructuring costs, current year	'		'		35,000,000		'
Future restructuring costs, 2016	30,000,000		'		30,000,000		'
Employee Separations [Member]	'		'		'		'
Detail of the restructuring costs [Abstract]	'		'		'		'
Gain on asset sales	'		'		0		'
Total	'		'		13,578,000		'
Restructuring cost by segment [Abstract]	'		'		'		'
Total	'		'		13,578,000		'
Summary of accrual for restructuring and other charges [Abstract]	'		'		'		'
Balance as of December 31, 2013	'		'		4,562,000		'
Restructuring and other costs	'		'		13,578,000		'
Gain on sale of assets	'		'		0		'
Cash spent	'		'		-2,831,000		'
Reduction of assets	'		'		0		'
Translation adjustment	'		'		-87,000		'
Balance as of June 30, 2014	15,222,000		'		15,222,000		'
Asset Related and Other [Member]	'		'		'		'
Detail of the restructuring costs [Abstract]	'		'		'		'
Gain on asset sales	'		'		-602,000		'
Total	'		'		52,123,000		'
Restructuring cost by segment [Abstract]	'		'		'		'
Total	'		'		52,123,000		'
Summary of accrual for restructuring and other charges [Abstract]	'		'		'		'
Balance as of December 31, 2013	'		'		1,588,000		'
Restructuring and other costs	'		'		52,123,000		'
Gain on sale of assets	'		'		602,000		'
Cash spent	'		'		-1,808,000		'
Reduction of assets	'		'		-48,921,000		'
Translation adjustment	'		'		0		'
Balance as of June 30, 2014	3,584,000		'		3,584,000		'
Selling & Administrative [Member]	'		'		'		'
Detail of the restructuring costs [Abstract]	'		'		'		'
Employee separation	'		2,428,000		'		11,340,000
Long-lived asset impairment	'		880,000		'		3,406,000
Write-down of inventory	'		0		'		0
Other costs	'		3,057,000	[2]	'		3,797,000	[2]
Total	12,979,000		6,365,000		65,701,000		18,543,000
Restructuring cost by segment [Abstract]	'		'		'		'
Total	12,979,000		6,365,000		65,701,000		18,543,000
Summary of accrual for restructuring and other charges [Abstract]	'		'		'		'
Restructuring and other costs	12,979,000		6,365,000		65,701,000		18,543,000
Cost of Products Sold [Member]	'		'		'		'
Detail of the restructuring costs [Abstract]	'		'		'		'
Employee separation	'		0		'		0
Long-lived asset impairment	'		0		'		0
Write-down of inventory	'		277,000		'		872,000
Other costs	'		0	[2]	'		0	[2]
Total	'		277,000		'		872,000
Restructuring cost by segment [Abstract]	'		'		'		'
Total	'		277,000		'		872,000
Summary of accrual for restructuring and other charges [Abstract]	'		'		'		'
Restructuring and other costs	'		277,000		'		872,000
Flavors & Fragrances [Member]	'		'		'		'
Detail of the restructuring costs [Abstract]	'		'		'		'
Total	9,068,000		5,951,000		54,051,000		14,490,000
Restructuring cost by segment [Abstract]	'		'		'		'
Total	9,068,000		5,951,000		54,051,000		14,490,000
Summary of accrual for restructuring and other charges [Abstract]	'		'		'		'
Restructuring and other costs	9,068,000		5,951,000		54,051,000		14,490,000
Color [Member]	'		'		'		'
Detail of the restructuring costs [Abstract]	'		'		'		'
Total	1,411,000		600,000		7,950,000		4,310,000
Restructuring cost by segment [Abstract]	'		'		'		'
Total	1,411,000		600,000		7,950,000		4,310,000
Summary of accrual for restructuring and other charges [Abstract]	'		'		'		'
Restructuring and other costs	1,411,000		600,000		7,950,000		4,310,000
Corporate & Other [Member]	'		'		'		'
Detail of the restructuring costs [Abstract]	'		'		'		'
Total	2,500,000		91,000		3,700,000		615,000
Restructuring cost by segment [Abstract]	'		'		'		'
Total	2,500,000		91,000		3,700,000		615,000
Summary of accrual for restructuring and other charges [Abstract]	'		'		'		'
Restructuring and other costs	2,500,000		91,000		3,700,000		615,000
2014 Proxy Contest [Member]	'		'		'		'
Detail of the restructuring costs [Abstract]	'		'		'		'
Other costs	$2,200,000		'		$3,100,000		'
[1]	Other costs include decommissioning costs, professional services, personnel moving costs, other related costs and 2014 proxy contest costs.
[2]	Other costs include decommissioning, professional services, personnel (other than employee separations) and moving related costs.