Sensient Technologies (SXT) 10-Q 4 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 30, 2020
Cover [Abstract]
Entity Registrant Name	SENSIENT TECHNOLOGIES CORP
Entity Central Index Key	0000310142
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		42,357,694
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-07626
Entity Tax Identification Number	39-0561070
Entity Incorporation, State or Country Code	WI
Entity Address, Address Line One	777 EAST WISCONSIN AVENUE
Entity Address, City or Town	MILWAUKEE
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53202-5304
City Area Code	414
Local Phone Number	271-6755
Title of 12(b) Security	Common stock, par value $0.10 per share
Trading Symbol	SXT
Security Exchange Name	NYSE

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) [Abstract]
Revenue	$ 350,677	$ 347,513
Cost of products sold	238,784	232,288
Selling and administrative expenses	77,332	65,805
Operating income	34,561	49,420
Interest expense	4,307	5,402
Earnings before income taxes	30,254	44,018
Income taxes	9,481	11,211
Net earnings	$ 20,773	$ 32,807
Weighted average number of common shares outstanding:
Basic (in shares)	42,284	42,239
Diluted (in shares)	42,307	42,275
Earnings per common share:
Basic (in dollars per share)	$ 0.49	$ 0.78
Diluted (in dollars per share)	0.49	0.78
Dividends declared per common share (in dollars per share)	$ 0.39	$ 0.36

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Comprehensive (loss) income	$ (23,580)	$ 32,091

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 23,085	$ 21,153
Trade accounts receivable, net	240,123	213,201
Inventories	384,157	422,517
Prepaid expenses and other current assets	38,768	40,049
Assets held for sale	78,612	91,293
TOTAL CURRENT ASSETS	764,745	788,213
OTHER ASSETS	82,367	80,939
DEFERRED TAX ASSETS	10,741	14,976
INTANGIBLE ASSETS, NET	11,463	11,802
GOODWILL	400,515	407,042
PROPERTY, PLANT, AND EQUIPMENT:
Land	30,078	31,431
Buildings	293,331	298,733
Machinery and equipment	645,866	652,063
Construction in progress	25,328	24,613
Property, plant, and equipment, gross	994,603	1,006,840
Less accumulated depreciation	(571,608)	(569,661)
Property, plant, and equipment, net	422,995	437,179
TOTAL ASSETS	1,692,826	1,740,151
CURRENT LIABILITIES:
Trade accounts payable	91,437	94,653
Accrued salaries, wages, and withholdings from employees	19,724	18,655
Other accrued expenses	41,140	41,429
Income taxes	8,410	6,841
Short-term borrowings	20,105	20,612
Liabilities held for sale	19,821	19,185
TOTAL CURRENT LIABILITIES	200,637	201,375
DEFERRED TAX LIABILITIES	14,511	15,053
OTHER LIABILITIES	20,224	17,813
ACCRUED EMPLOYEE AND RETIREE BENEFITS	25,457	25,822
LONG-TERM DEBT	589,339	598,499
SHAREHOLDERS' EQUITY:
Common stock	5,396	5,396
Additional paid-in capital	99,080	98,425
Earnings reinvested in the business	1,539,520	1,536,100
Treasury stock, at cost	(593,977)	(595,324)
Accumulated other comprehensive loss	(207,361)	(163,008)
TOTAL SHAREHOLDERS' EQUITY	842,658	881,589
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,692,826	$ 1,740,151

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net earnings	$ 20,773	$ 32,807
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization	12,404	13,672
Share-based compensation	1,177	687
Net loss (gain) on assets	14	(41)
Loss on divestitures	10,558	0
Deferred income taxes	4,077	2,674
Changes in operating assets and liabilities:
Trade accounts receivable	(41,684)	(19,230)
Inventories	29,058	22,112
Prepaid expenses and other assets	(6,048)	(7,573)
Accounts payable and other accrued expenses	2,773	(21,857)
Accrued salaries, wages and withholdings from employees	1,611	(3,022)
Income taxes	1,662	2,213
Other liabilities	553	982
Net cash provided by operating activities	36,928	23,424
Cash flows from investing activities:
Acquisition of property, plant, and equipment	(9,411)	(8,300)
Proceeds from sale of assets	6	45
Other investing activities	4,505	(301)
Net cash used in investing activities	(4,900)	(8,556)
Cash flows from financing activities:
Proceeds from additional borrowings	9,669	16,689
Debt payments	(11,104)	(12,577)
Dividends paid	(16,500)	(15,218)
Other financing activities	(249)	(803)
Net cash used in financing activities	(18,184)	(11,909)
Effect of exchange rate changes on cash and cash equivalents	(11,912)	(964)
Net increase in cash and cash equivalents	1,932	1,995
Cash and cash equivalents at beginning of period	21,153	31,901
Cash and cash equivalents at end of period	$ 23,085	$ 33,896

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Earnings Reinvested in the Business [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning balance at Dec. 31, 2018	$ 5,396	$ 101,663	$ 1,516,243	$ (597,800)	$ (165,555)	$ 859,947
Beginning balance (in shares) at Dec. 31, 2018				11,731,223
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	32,807	$ 0	0	32,807
Other comprehensive loss	0	0	0	0	(716)	(716)
Cash dividends paid	0	0	(15,218)	0	0	(15,218)
Share-based compensation	0	687	0	0	0	687
Non-vested stock issued upon vesting	0	(1,784)	0	$ 1,784	0	0
Non-vested stock issued upon vesting (in shares)				(35,016)
Benefit plans	0	72	0	$ 948	0	1,020
Benefit plans (in shares)				(18,597)
Other	0	(153)	0	$ (650)	0	(803)
Other (in shares)				12,769
Ending balance at Mar. 31, 2019	5,396	100,485	1,533,832	$ (595,718)	(166,271)	877,724
Ending balance (in shares) at Mar. 31, 2019				11,690,379
Beginning balance at Dec. 31, 2019	5,396	98,425	1,536,100	$ (595,324)	(163,008)	881,589
Beginning balance (in shares) at Dec. 31, 2019				11,682,636
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	20,773	$ 0	0	20,773
Other comprehensive loss	0	0	0	0	(44,353)	(44,353)
Cash dividends paid	0	0	(16,500)	0	0	(16,500)
Share-based compensation	0	1,177	0	0	0	1,177
Non-vested stock issued upon vesting	0	(724)	0	$ 724	0	0
Non-vested stock issued upon vesting (in shares)				(14,200)
Benefit plans	0	241	0	$ 833	0	1,074
Benefit plans (in shares)				(16,344)
Other	0	(39)	0	$ (210)	0	(249)
Other (in shares)				4,114
Ending balance at Mar. 31, 2020	5,396	99,080	1,539,520	$ (593,977)	(207,361)	842,658
Ending balance (in shares) at Mar. 31, 2020				11,656,206
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2016-13 | ASU 2016-13 [Member]	$ 0	$ 0	$ (853)	$ 0	$ 0	$ (853)

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) [Abstract]
Cash dividends per share (in dollars per share)	$ 0.39	$ 0.36

Accounting Policies

Accounting Policies	3 Months Ended
	Mar. 31, 2020
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) that are necessary to present fairly the financial position of the Company as of March and the results of operations, comprehensive income, cash flows, and shareholders’ equity for the months ended March and 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 period incurred. Please refer to the notes in the Company’s annual consolidated financial statements for the year ended December for additional details of the Company’s financial condition and a description of the Company’s accounting policies, which have been continued without change, except for the Company’s Accounts Receivable accounting policy. This policy was updated in the quarter of as a result of the Company’s adoption of Accounting Standards Update (ASU) No. - Financial Instruments - Credit Losses (Topic 326) : Measurement of Credit Losses on Financial Instruments, and is described below. Accounts Receivable Receivables are recorded at their face amount, less an allowance for losses on doubtful accounts. The allowance for doubtful accounts is based on customer-specific analysis and expected future credit losses based on historical experience, current conditions, and expected future conditions. Specific accounts are written off against the allowance for doubtful accounts when the receivable is deemed no longer collectible. Recently Adopted Accounting Pronouncements In June the Financial Accounting Standards Board (FASB) issued ASU No. - Financial Instruments - Credit Losses (Topic 326) : Measurement of Credit Losses on Financial Instruments , which replaces the incurred loss impairment model with a methodology that reflects expected credit losses. Under the new standard, entities are required to measure expected credit losses on financial instruments held at amortized cost, including trade receivables, based on historical experience, current conditions, and reasonable forecasts. The Company adopted this standard in the quarter of The adoption of this standard resulted in an increase of to the allowance for losses on Trade Accounts Receivable and a corresponding decrease in Earnings Reinvested in the Business as of January The adoption of this standard did not have an impact on the Company’s Consolidated Condensed Statements of Earnings, or to cash provided by or used in operating, financing, or investing activities on the Company’s Consolidated Statements of Cash Flows. In January the FASB issued ASU No. - Intangibles-Goodwill and Other (Topic 350) : Simplifying the Test for Goodwill Impairment , which eliminates step of the current goodwill impairment test and specifies that goodwill impairment should be measured by comparing the fair value of a reporting unit with its carrying amount. The Company adopted this standard in the quarter of and the adoption did not have a material impact on the Company’s consolidated financial statements. In August the FASB issued ASU No. - Fair Value Measurement (Topic 820) : Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement , which changes the requirements for fair value measurements by removing, modifying, and adding certain disclosures. The Company adopted this standard in the quarter of and the adoption did not have a material impact on the Company’s consolidated financial statements or its related disclosures. Recently Issued Accounting Pronouncements In August the FASB issued ASU No. - Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans Subtopic 715 - 20, which amends Accounting Standards Codification (ASC) - Compensation – Retirement Benefits – Defined Benefit Plans – General . This standard modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans by removing and adding certain disclosures for these plans. The effective date is January with early adoption permitted. The Company is currently evaluating the potential impact of this standard on its disclosures. In March the FASB issued ASU No. - Reference Rate Reform (Topic 848) : Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides temporary optional expedients and exceptions to US GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative rates. The guidance is effective upon issuance and generally can be applied through December The Company is currently evaluating the potential impact of this standard on its consolidated financial statements and its related disclosures. Please refer to the notes in the Company’s annual consolidated financial statements for the year ended December for additional details of the Company’s financial condition and a description of the Company’s accounting policies, which have been continued without change, except as discussed above.

Divestitures

Divestitures	3 Months Ended
	Mar. 31, 2020
Divestitures [Abstract]
Divestitures	2. Divestitures In October the Company announced its intent to divest its inks, fragrances (excluding its essential oils product line), and yogurt fruit preparations product lines. In October the Board of Directors approved the sale of the inks product line, which is within the Color segment. The Company has signed a memorandum of understanding with a potential buyer. In November the Board of Directors approved the sale of the fragrances product line (excluding its essential oils product line), which is within the Flavors & Fragrances segment. The Company has signed a memorandum of understanding with a potential buyer. As a result, the Company met all of the assets held for sale criteria for the inks and fragrances disposal groups. The divesting and exit of these products lines does not meet the criteria to be presented as a discontinued operation on the Consolidated Condensed Statements of Earnings. As of March the yogurt fruit preparations product line, which is included in the Flavors & Fragrances segment, did not meet all of the assets held for sale criteria. Subsequent to March the Board of Directors approved the sale of the yogurt fruit preparations product line. See Note Subsequent Events , for further information. The assets and liabilities related to the inks and fragrances product lines are recorded in Assets held for sale and Liabilities held for sale as of March and December as follows: (in thousands) March 31, 2020 December 31, 2019 Assets held for sale: Trade accounts receivable, net $ 34,610 $ 31,653 Inventories 30,104 34,612 Prepaid expenses and other current assets 6,628 5,528 Property, Plant, and Equipment, net 4,643 14,496 Intangible assets, net 2,627 5,004 Assets held for sale $ 78,612 $ 91,293 Liabilities held for sale: Trade accounts payable $ 13,532 $ 12,318 Accrued salaries, wages and withholdings from employees 1,222 1,677 Other accrued expenses 5,067 5,190 Liabilities held for sale $ 19,821 $ 19,185 During the year ended December the Company estimated that the fair value of the inks product line less costs to sell was lower than its carrying value resulting in a non-cash impairment charge of . As of March the Company revised its estimate of the fair value of the inks product line based on indicative bids resulting in an additional non-cash impairment charge of recorded in Selling and Administrative Expenses during the months ended March The charge adjusted the carrying value of certain long-lived assets, primarily property, plant, and equipment, intangible assets and allocated goodwill, to their estimated fair value. This estimate will be finalized and adjusted as necessary upon the closing of the sale or as estimates change. In addition, the Company currently estimates a non-cash gain of to upon closing the transaction related to the reclassification of accumulated foreign currency translation and related items from Accumulated Other Comprehensive Loss to Selling and Administrative Expenses in the Consolidated Condensed Statements of Earnings. During the year ended December the Company estimated that the fair value of the fragrances product line less costs to sell was lower than its carrying value resulting in a non-cash impairment charge of . As of March the Company revised its estimate of the fair value of the fragrances product line based on indicative bids resulting in an additional non-cash impairment charge of recorded in Selling and Administrative Expenses during the months ended March The charge adjusted the carrying value of certain long-lived assets, primarily property, plant and equipment and allocated goodwill, to their estimated fair value. This estimate will be finalized and adjusted as necessary upon the closing of the sale or as estimates change. In addition, the Company currently estimates an additional non-cash charge of to upon closing related to the reclassification of accumulated foreign currency translation and related items from Accumulated Other Comprehensive Loss (OCI) to Selling and Administrative Expenses in the Consolidated Condensed Statement of Earnings. In March the Company was notified by a potential buyer of the Company’s fragrances product line that environmental sampling conducted at the Company’s Granada, Spain, location had identified the presence of contaminants in soil and groundwater in certain areas of the property. The Company is in the process of conducting its own environmental investigation to confirm the presence and extent of these contaminants and plans to perform a quantitative risk assessment to determine whether or what remedial action is required under Spanish law. At the conclusion of this work, if necessary, the Company intends to report any confirmed contamination, along with a remediation plan to address the contamination, if necessary, to the relevant Spanish authorities. Due to the impacts of COVID- in Spain, the Company has not been able to conduct a quantitative assessment of the issues identified in the environmental sampling. Consequently, the Company is unable to quantify any potential remediation costs at this time. The Company also incurred of other divestiture and exit related costs, primarily severance and legal expenses, and of non-cash expenses charge related to other exit activities in the period ended March which is recorded in Selling and Administrative Expenses . Also during the period, the Company recorded a non-cash charge of in Costs of Products Sold related to the value of certain inventories. Excluding any potential remediation costs associated with the Granada, Spain, location of the fragrances product line, which the Company is unable to quantify at this time as discussed above, the Company expects total cash costs in and associated with the anticipated divestitures of all product lines to be between and , primarily related to severance and other exit activities.

Trade Accounts Receivable

Trade Accounts Receivable	3 Months Ended
	Mar. 31, 2020
Trade Accounts Receivable [Abstract]
Trade Accounts Receivable	3. Trade Accounts Receivable Trade accounts receivables are recorded at their face amount, less an allowance for expected losses on doubtful accounts. The allowance for doubtful accounts is calculated based on customer-specific analysis and an aging methodology using historical loss information. The Company believes historical loss information is a reasonable basis for expected credit losses as the Company’s historical credit loss experience correlates with its customer delinquency status. This information is also adjusted for any known current economic conditions including the current and expected impact of COVID- Currently, the COVID- pandemic is not anticipated to have a material impact on trade accounts receivable. Forecasted economic conditions do not have a significant impact on the current credit loss estimate due to the short-term nature of the Company’s customer receivables, however, the Company will continue to monitor and evaluate the rapidly changing economic conditions. Additionally, as the Company only has portfolio segment, there are not different risks between portfolios. Specific accounts are written off against the allowance for doubtful accounts when the receivable is deemed no longer collectible. The following table summarizes the changes in the allowance for doubtful accounts during the month period ended March : (In thousands) Allowance for Doubtful Accounts Balance at December $ 6,913 Adoption of ASU - 853 Provision for expected credit losses 240 Accounts written off (336 ) Translation and other activity (643 ) Balance at March $ 7,027

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventories [Abstract]
Inventories	4. Inventories At March 31, 2020, and December 31, 2019, inventories included finished and in-process products totaling $282.9 million and $313.1 million, respectively, and raw materials and supplies of $101.3 million and $109.4 million, respectively.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2020
Fair Value [Abstract]
Fair Value	5. Fair Value ASC 820, Fair Value Measurement During the fourth quarter of 2019, the Company met the assets held for sale criteria for its inks and fragrances product lines. During the first quarter of 2020, the estimated fair value of the disposal groups was updated to $59.0 million, resulting in the recording of an additional impairment of $9.7 million in the three months ended March 31, 2020. The fair value of these product lines were determined based on indicative bids, which are classified as Level 3 inputs in the fair value measurement hierarchy. See Note 2, Divestitures

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Information [Abstract]
Segment Information	6. Segment Information Operating results by segment for the periods presented are as follows: (In thousands) Flavors & Fragrances Color Asia Pacific Corporate & Other Consolidated Three months ended March 31, 2020 : Revenue from external customers $ 181,187 $ 139,193 $ 30,297 $ - $ 350,677 Intersegment revenue 5,311 4,302 152 - 9,765 Total revenue $ 186,498 $ 143,495 $ 30,449 $ - $ 360,442 Operating income (loss) $ 20,871 $ 29,664 $ 5,059 $ (21,033 ) $ 34,561 Interest expense - - - 4,307 4,307 Earnings (loss) before income taxes $ 20,871 $ 29,664 $ 5,059 $ (25,340 ) $ 30,254 Three months ended March 31, 2019 : Revenue from external customers $ 178,744 $ 140,250 $ 28,519 $ - $ 347,513 Intersegment revenue 4,809 3,629 - - 8,438 Total revenue $ 183,553 $ 143,879 $ 28,519 $ - $ 355,951 Operating income (loss) $ 23,125 $ 30,199 $ 4,218 $ (8,122 ) $ 49,420 Interest expense - - - 5,402 5,402 Earnings (loss) before income taxes $ 23,125 $ 30,199 $ 4,218 $ (13,524 ) $ 44,018 The Company evaluates performance based on operating income before divestiture and other related costs, restructuring and other charges, interest expense, and income taxes (segment operating income). Total revenue and segment operating income by business segment and geographic region include both sales to customers, as reported in the Company’s Consolidated Condensed Statements of Earnings, and intersegment sales, which are accounted for at prices that approximate market prices and are eliminated in consolidation. The 2020 divestiture and other related costs, which pertain to the anticipated divestitures of the Company’s inks, fragrances (excluding its essential oils product line), and yogurt fruit preparations product lines, are reported in Corporate & Other. There were no divestiture and other related costs or restructuring and other costs in the first three months of 2019. In addition to evaluating the Company’s performance based on the segments above, revenue is also disaggregated and analyzed by product line and geographic market. The following tables display the Company’s revenue by these major sources. During the first quarter of 2020, the Company updated its product line disclosures as a result of its previous announcement regarding its intent to divest its inks, fragrances (excluding its essential oils product line), and yogurt fruit preparations product lines. Flavors, Extracts & Flavor Ingredients now includes essential oils, which was previously reported in Fragrances. Fragrances now only includes the aroma chemicals and fragrance compounds product lines. Yogurt Fruit Preparations is now disclosed separately; previously it was reported in the Flavors product line. Food & Beverage Colors now includes pharmaceutical colors and natural extraction, which were previously reported in Other Colors. Personal Care includes cosmetic and non-food colors. Inks is now disclosed separately; previously it was reported in Other Colors. The results for 2019 have been restated to reflect these changes. Product Lines (In thousands) Flavors & Fragrances Color Asia Pacific Consolidated Three months ended March 31, 2020 : Flavors, Extracts & Flavor Ingredients $ 101,453 $ - $ - $ 101,453 Natural Ingredients 57,600 - - 57,600 Fragrances 22,284 - - 22,284 Yogurt Fruit Preparations 5,161 - - 5,161 Food & Beverage Colors - 90,793 - 90,793 Personal Care - 43,743 - 43,743 Inks - 8,959 - 8,959 Asia Pacific - - 30,449 30,449 Intersegment Revenue (5,311 ) (4,302 ) (152 ) (9,765 ) Total revenue from external customers $ 181,187 $ 139,193 $ 30,297 $ 350,677 Three months ended March 31, 2019 : Flavors, Extracts & Flavor Ingredients $ 103,528 $ - $ - $ 103,528 Natural Ingredients 51,219 - - 51,219 Fragrances 23,267 - - 23,267 Yogurt Fruit Preparations 5,539 - - 5,539 Food & Beverage Colors - 88,848 - 88,848 Personal Care - 44,921 - 44,921 Inks - 10,110 - 10,110 Asia Pacific - - 28,519 28,519 Intersegment Revenue (4,809 ) (3,629 ) - (8,438 ) Total revenue from external customers $ 178,744 $ 140,250 $ 28,519 $ 347,513 Geographic Markets (In thousands) Flavors & Fragrances Color Asia Pacific Consolidated Three months ended March 31, 2020 : North America $ 116,701 $ 66,265 $ - $ 182,966 Europe 43,877 38,738 22 82,637 Asia Pacific 9,355 15,975 29,122 54,452 Other 11,254 18,215 1,153 30,622 Total revenue from external customers $ 181,187 $ 139,193 $ 30,297 $ 350,677 Three months ended March 31, 2019 : North America $ 112,747 $ 66,007 $ 25 $ 178,779 Europe 48,001 42,135 41 90,177 Asia Pacific 7,609 16,425 28,266 52,300 Other 10,387 15,683 187 26,257 Total revenue from external customers $ 178,744 $ 140,250 $ 28,519 $ 347,513

Retirement Plans

Retirement Plans	3 Months Ended
	Mar. 31, 2020
Retirement Plans [Abstract]
Retirement Plans	7. 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 March 31, (In thousands) 2020 2019 Service cost $ 400 $ 359 Interest cost 256 320 Expected return on plan assets (209 ) (231 ) Recognized actuarial loss (gain) 16 (39 ) Total defined benefit expense $ 463 $ 409 The Company’s non-service cost portion of defined benefit expense is recorded in Interest Expense Selling and Administrative Expenses

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activity	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activity [Abstract]
Derivative Instruments and Hedging Activity	8. 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 in order to reduce 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 generally have maturities of less than 18 months. The Company’s primary hedging activities and their accounting treatment are summarized below. Forward exchange contracts – Certain forward exchange contracts have been designated as cash flow hedges. The Company had $ million and $ million of forward exchange contracts designated as cash flow hedges outstanding as of March 31, 2020, and December 31, 2019, respectively. For the three months ended March 31, 2020 and 2019, the amounts reclassified into net earnings in the Company’s Consolidated Condensed Statement of Earnings that offset the earnings in the same period were not material. In addition, the Company utilizes forward exchange contracts that are not designated as cash flow hedges. The results of these transactions were not material to the financial statements. Net investment hedges

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Taxes [Abstract]
Income Taxes	9. Income Taxes The effective income tax rates for the months ended March 31, 2020 and were and , respectively. The effective tax rates for the thre months ended March 31, 2020 and were both impacted by changes in estimates associated with the finalization of prior year foreign tax items, audit settlements, and the mix of foreign earnings. On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The CARES Act allows for the deferral of income and social security tax payments, a five-year carryback for net operating losses, changes to interest expense and business loss limitation rules, certain new tax credits, and certain new loans and grants to businesses. The Company has reviewed its income tax assumptions and projections in light of the CARES Act and does not expect the CARES Act to materially impact the Company’s income tax expense or projections. As of March 31, 2020, the Company was considering the option to defer future tax payments (income taxes and certain payroll taxes) in accordance with the CARES Act. Subsequent to March 31, 2020, the Company has decided to defer certain tax payments in accordance with the CARES Act. The Company will continue to evaluate the CARES Act for opportunities as additional information is released on the CARES Act.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	10. Accumulated Other Comprehensive Income The following table summarizes the changes in OCI during the three month periods ended March 31, 2020 and 2019: (In thousands) Cash Flow Hedges (a) Pension Items (a) Foreign Currency Items Total Balances at December 31, 2019 $ (199 ) $ (672 ) $ (162,137 ) $ (163,008 ) Other comprehensive loss before reclassifications (1,865 ) - (42,925 ) (44,790 ) Amounts reclassified from OCI 429 8 - 437 Balances at March 31, 2020 $ (1,635 ) $ (664 ) $ (205,062 ) $ (207,361 ) (In thousands) Cash Flow Hedges (a) Pension Items (a) Foreign Currency Items Total Balances at December 31, 2018 $ 147 $ 549 $ (166,251 ) $ (165,555 ) Other comprehensive income (loss) before reclassifications 597 - (1,164 ) (567 ) Amounts reclassified from OCI (112 ) (37 ) - (149 ) Balances at March 31, 2019 $ 632 $ 512 $ (167,415 ) $ (166,271 ) (a)

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Agar v. Sensient Natural Ingredients LLC On March 29, 2019, Calvin Agar (Agar), a former employee, filed a Class Action Complaint in Stanislaus County Superior Court against Sensient Natural Ingredients LLC (SNI). On May 22, 2019, Agar filed a First Amended Class Action Complaint against SNI (the Complaint). Agar alleges that SNI improperly reported overtime pay on employees’ wage statements, in violation of the California Labor Code. The Complaint alleges two causes of action, both of which concern the wage statements. The Complaint does not allege that SNI failed to pay any overtime due to Agar or any of the putative class or group members. The Complaint merely challenges the manner in which SNI has reported overtime pay on its wage statements. SNI maintains that it has accurately paid Agar and the putative class members for all overtime worked, and that they have not experienced any harm. SNI further maintains that the format of its wage statements does not violate the requirements of state law or any specific guidance from California decisional law, the California Division of Labor Standards Enforcement, or the California Labor Commissioner's Office. Finally, SNI contended that certain of the state law claims are subject to mandatory individual arbitration. SNI filed its Answer and Affirmative Defenses to the Complaint on July 10, 2019. The parties participated in an early mediation in the case in December 2019, which was not successful. On March 17, 2020, the Court granted Agar leave to file a Second Amended Complaint, which removed the claim that SNI had asserted was subject to mandatory individual arbitration. SNI filed a Demurrer to the Second Amended Complaint, seeking dismissal of the remaining claim, on May 1, 2020. SNI continues to evaluate the developing legal authority on this issue. SNI intends to vigorously defend its interests, absent a reasonable resolution. Other Claims The Company is subject to various claims and litigation arising in the normal course of business. The Company establishes reserves for claims and proceedings when it is probable that liabilities exist and reasonable estimates of loss can be made. While it is not possible to predict the outcome of these matters, based on our assessment of the facts and circumstances now known, we do not believe that these matters, individually or in the aggregate, will have a material adverse effect on our financial position. However, actual outcomes may be different from those expected and could have a material effect on our results of operations or cash flows in a particular period. Refer to Note 2, Divestitures

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events On April the Board of Directors approved the sale of the yogurt fruit preparations product line. The Company has signed a memorandum of understanding with a potential buyer. The Company estimates a non-cash impairment charge of to will be recorded related to the sale. The Company anticipates that it will the sale and exit activities of this product line within the year. On the Company announced its quarterly dividend of cents per share would be payable on .

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Accounts Receivable	Accounts Receivable Receivables are recorded at their face amount, less an allowance for losses on doubtful accounts. The allowance for doubtful accounts is based on customer-specific analysis and expected future credit losses based on historical experience, current conditions, and expected future conditions. Specific accounts are written off against the allowance for doubtful accounts when the receivable is deemed no longer collectible.
Recently Adopted/Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June the Financial Accounting Standards Board (FASB) issued ASU No. - Financial Instruments - Credit Losses (Topic 326) : Measurement of Credit Losses on Financial Instruments , which replaces the incurred loss impairment model with a methodology that reflects expected credit losses. Under the new standard, entities are required to measure expected credit losses on financial instruments held at amortized cost, including trade receivables, based on historical experience, current conditions, and reasonable forecasts. The Company adopted this standard in the quarter of The adoption of this standard resulted in an increase of to the allowance for losses on Trade Accounts Receivable and a corresponding decrease in Earnings Reinvested in the Business as of January The adoption of this standard did not have an impact on the Company’s Consolidated Condensed Statements of Earnings, or to cash provided by or used in operating, financing, or investing activities on the Company’s Consolidated Statements of Cash Flows. In January the FASB issued ASU No. - Intangibles-Goodwill and Other (Topic 350) : Simplifying the Test for Goodwill Impairment , which eliminates step of the current goodwill impairment test and specifies that goodwill impairment should be measured by comparing the fair value of a reporting unit with its carrying amount. The Company adopted this standard in the quarter of and the adoption did not have a material impact on the Company’s consolidated financial statements. In August the FASB issued ASU No. - Fair Value Measurement (Topic 820) : Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement , which changes the requirements for fair value measurements by removing, modifying, and adding certain disclosures. The Company adopted this standard in the quarter of and the adoption did not have a material impact on the Company’s consolidated financial statements or its related disclosures. Recently Issued Accounting Pronouncements In August the FASB issued ASU No. - Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans Subtopic 715 - 20, which amends Accounting Standards Codification (ASC) - Compensation – Retirement Benefits – Defined Benefit Plans – General . This standard modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans by removing and adding certain disclosures for these plans. The effective date is January with early adoption permitted. The Company is currently evaluating the potential impact of this standard on its disclosures. In March the FASB issued ASU No. - Reference Rate Reform (Topic 848) : Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides temporary optional expedients and exceptions to US GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative rates. The guidance is effective upon issuance and generally can be applied through December The Company is currently evaluating the potential impact of this standard on its consolidated financial statements and its related disclosures. Please refer to the notes in the Company’s annual consolidated financial statements for the year ended December for additional details of the Company’s financial condition and a description of the Company’s accounting policies, which have been continued without change, except as discussed above.

Divestitures (Tables)

Divestitures (Tables)	3 Months Ended
	Mar. 31, 2020
Divestitures [Abstract]
Assets and Liabilities Held for Sale	The assets and liabilities related to the inks and fragrances product lines are recorded in Assets held for sale and Liabilities held for sale as of March and December as follows: (in thousands) March 31, 2020 December 31, 2019 Assets held for sale: Trade accounts receivable, net $ 34,610 $ 31,653 Inventories 30,104 34,612 Prepaid expenses and other current assets 6,628 5,528 Property, Plant, and Equipment, net 4,643 14,496 Intangible assets, net 2,627 5,004 Assets held for sale $ 78,612 $ 91,293 Liabilities held for sale: Trade accounts payable $ 13,532 $ 12,318 Accrued salaries, wages and withholdings from employees 1,222 1,677 Other accrued expenses 5,067 5,190 Liabilities held for sale $ 19,821 $ 19,185

Trade Accounts Receivable (Tabl

Trade Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2020
Trade Accounts Receivable [Abstract]
Changes in Allowance for Doubtful Accounts	The following table summarizes the changes in the allowance for doubtful accounts during the month period ended March : (In thousands) Allowance for Doubtful Accounts Balance at December $ 6,913 Adoption of ASU - 853 Provision for expected credit losses 240 Accounts written off (336 ) Translation and other activity (643 ) Balance at March $ 7,027

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Information [Abstract]
Segment Information	Operating results by segment for the periods presented are as follows: (In thousands) Flavors & Fragrances Color Asia Pacific Corporate & Other Consolidated Three months ended March 31, 2020 : Revenue from external customers $ 181,187 $ 139,193 $ 30,297 $ - $ 350,677 Intersegment revenue 5,311 4,302 152 - 9,765 Total revenue $ 186,498 $ 143,495 $ 30,449 $ - $ 360,442 Operating income (loss) $ 20,871 $ 29,664 $ 5,059 $ (21,033 ) $ 34,561 Interest expense - - - 4,307 4,307 Earnings (loss) before income taxes $ 20,871 $ 29,664 $ 5,059 $ (25,340 ) $ 30,254 Three months ended March 31, 2019 : Revenue from external customers $ 178,744 $ 140,250 $ 28,519 $ - $ 347,513 Intersegment revenue 4,809 3,629 - - 8,438 Total revenue $ 183,553 $ 143,879 $ 28,519 $ - $ 355,951 Operating income (loss) $ 23,125 $ 30,199 $ 4,218 $ (8,122 ) $ 49,420 Interest expense - - - 5,402 5,402 Earnings (loss) before income taxes $ 23,125 $ 30,199 $ 4,218 $ (13,524 ) $ 44,018
Product Information	Product Lines (In thousands) Flavors & Fragrances Color Asia Pacific Consolidated Three months ended March 31, 2020 : Flavors, Extracts & Flavor Ingredients $ 101,453 $ - $ - $ 101,453 Natural Ingredients 57,600 - - 57,600 Fragrances 22,284 - - 22,284 Yogurt Fruit Preparations 5,161 - - 5,161 Food & Beverage Colors - 90,793 - 90,793 Personal Care - 43,743 - 43,743 Inks - 8,959 - 8,959 Asia Pacific - - 30,449 30,449 Intersegment Revenue (5,311 ) (4,302 ) (152 ) (9,765 ) Total revenue from external customers $ 181,187 $ 139,193 $ 30,297 $ 350,677 Three months ended March 31, 2019 : Flavors, Extracts & Flavor Ingredients $ 103,528 $ - $ - $ 103,528 Natural Ingredients 51,219 - - 51,219 Fragrances 23,267 - - 23,267 Yogurt Fruit Preparations 5,539 - - 5,539 Food & Beverage Colors - 88,848 - 88,848 Personal Care - 44,921 - 44,921 Inks - 10,110 - 10,110 Asia Pacific - - 28,519 28,519 Intersegment Revenue (4,809 ) (3,629 ) - (8,438 ) Total revenue from external customers $ 178,744 $ 140,250 $ 28,519 $ 347,513
Geographical Information	Geographic Markets (In thousands) Flavors & Fragrances Color Asia Pacific Consolidated Three months ended March 31, 2020 : North America $ 116,701 $ 66,265 $ - $ 182,966 Europe 43,877 38,738 22 82,637 Asia Pacific 9,355 15,975 29,122 54,452 Other 11,254 18,215 1,153 30,622 Total revenue from external customers $ 181,187 $ 139,193 $ 30,297 $ 350,677 Three months ended March 31, 2019 : North America $ 112,747 $ 66,007 $ 25 $ 178,779 Europe 48,001 42,135 41 90,177 Asia Pacific 7,609 16,425 28,266 52,300 Other 10,387 15,683 187 26,257 Total revenue from external customers $ 178,744 $ 140,250 $ 28,519 $ 347,513

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2020
Retirement Plans [Abstract]
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 March 31, (In thousands) 2020 2019 Service cost $ 400 $ 359 Interest cost 256 320 Expected return on plan assets (209 ) (231 ) Recognized actuarial loss (gain) 16 (39 ) Total defined benefit expense $ 463 $ 409

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Income [Abstract]
Changes in OCI	The following table summarizes the changes in OCI during the three month periods ended March 31, 2020 and 2019: (In thousands) Cash Flow Hedges (a) Pension Items (a) Foreign Currency Items Total Balances at December 31, 2019 $ (199 ) $ (672 ) $ (162,137 ) $ (163,008 ) Other comprehensive loss before reclassifications (1,865 ) - (42,925 ) (44,790 ) Amounts reclassified from OCI 429 8 - 437 Balances at March 31, 2020 $ (1,635 ) $ (664 ) $ (205,062 ) $ (207,361 ) (In thousands) Cash Flow Hedges (a) Pension Items (a) Foreign Currency Items Total Balances at December 31, 2018 $ 147 $ 549 $ (166,251 ) $ (165,555 ) Other comprehensive income (loss) before reclassifications 597 - (1,164 ) (567 ) Amounts reclassified from OCI (112 ) (37 ) - (149 ) Balances at March 31, 2019 $ 632 $ 512 $ (167,415 ) $ (166,271 ) (a)

Accounting Policies (Details)

Accounting Policies (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Allowance for losses on trade accounts receivable	$ 7,027	$ 6,913
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | ASU 2016-13 [Member]
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Allowance for losses on trade accounts receivable	$ 900

Divestitures (Details)

Divestitures (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Assets held for sale [Abstract]
Assets held for sale	$ 78,612	$ 91,293
Liabilities held for sale [Abstract]
Liabilities held for sale	19,821	19,185
Minimum [Member]
Divestiture Transactions [Abstract]
Expected cash costs associated with anticipated divestitures	7,000
Maximum [Member]
Divestiture Transactions [Abstract]
Expected cash costs associated with anticipated divestitures	10,000
Inks and Fragrances [Member]
Assets held for sale [Abstract]
Trade accounts receivable, net	34,610	31,653
Inventories	30,104	34,612
Prepaid expenses and other current assets	6,628	5,528
Property, Plant, and Equipment, net	4,643	14,496
Intangible assets, net	2,627	5,004
Assets held for sale	78,612	91,293
Liabilities held for sale [Abstract]
Trade accounts payable	13,532	12,318
Accrued salaries, wages and withholdings from employees	1,222	1,677
Other accrued expenses	5,067	5,190
Liabilities held for sale	19,821	19,185
Inks [Member] | Minimum [Member]
Divestiture Transactions [Abstract]
Non-cash gain related to reclassification of accumulated foreign currency translation	6,000
Inks [Member] | Maximum [Member]
Divestiture Transactions [Abstract]
Non-cash gain related to reclassification of accumulated foreign currency translation	8,000
Fragrances [Member] | Minimum [Member]
Divestiture Transactions [Abstract]
Non-cash charges related to reclassification of accumulated foreign currency translation	10,000
Fragrances [Member] | Maximum [Member]
Divestiture Transactions [Abstract]
Non-cash charges related to reclassification of accumulated foreign currency translation	12,000
Selling, General and Administrative Expenses [Member]
Divestiture Transactions [Abstract]
Non-cash impairment charges	600
Other divestures and exit related costs	1,300
Selling, General and Administrative Expenses [Member] | Inks [Member]
Divestiture Transactions [Abstract]
Non-cash impairment charges	9,400	15,800
Selling, General and Administrative Expenses [Member] | Fragrances [Member]
Divestiture Transactions [Abstract]
Non-cash impairment charges	300	$ 18,200
Cost of Products Sold [Member]
Divestiture Transactions [Abstract]
Non-cash impairment charges	$ 200

Trade Accounts Receivable (Deta

Trade Accounts Receivable (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)Segment
Trade Accounts Receivable [Abstract]
Number of portfolio segments | Segment	1
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 6,913
Provision for expected credit losses	240
Accounts written off	(336)
Translation and other activity	(643)
Ending balance	7,027
ASU 2016-13 [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Adoption of ASU 2016-13	$ 853

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Inventories [Abstract]
Inventories, including finished and in-process products	$ 282.9	$ 313.1
Raw materials and supplies	$ 101.3	$ 109.4

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Level 2 [Member]
Investments, Fair Value Disclosure [Abstract]
Forward exchange contract, liability	$ 1.8	$ 0.1
Level 2 [Member] | Carrying Value [Member]
Investments, Fair Value Disclosure [Abstract]
Long term debt	589.3
Level 2 [Member] | Fair Value [Member]
Investments, Fair Value Disclosure [Abstract]
Long term debt	589.7
Level 3 [Member]
Investments, Fair Value Disclosure [Abstract]
Fair value of disposal groups	59
Impairment on disposal groups	$ 9.7

Segment Information, Operating

Segment Information, Operating Results by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue [Abstract]
Revenue	$ 350,677	$ 347,513
Operating income (loss)	34,561	49,420
Interest expense	4,307	5,402
Earnings before income taxes	30,254	44,018
Flavors & Fragrances [Member]
Revenue [Abstract]
Revenue	181,187	178,744
Operating income (loss)	20,871	23,125
Interest expense	0	0
Earnings before income taxes	20,871	23,125
Color [Member]
Revenue [Abstract]
Revenue	139,193	140,250
Operating income (loss)	29,664	30,199
Interest expense	0	0
Earnings before income taxes	29,664	30,199
Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,297	28,519
Operating income (loss)	5,059	4,218
Interest expense	0	0
Earnings before income taxes	5,059	4,218
Reportable Segments [Member]
Revenue [Abstract]
Revenue	360,442	355,951
Reportable Segments [Member] | Flavors & Fragrances [Member]
Revenue [Abstract]
Revenue	186,498	183,553
Reportable Segments [Member] | Color [Member]
Revenue [Abstract]
Revenue	143,495	143,879
Reportable Segments [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,449	28,519
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	9,765	8,438
Intersegment Revenue [Member] | Flavors & Fragrances [Member]
Revenue [Abstract]
Revenue	5,311	4,809
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	4,302	3,629
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	152	0
Corporate & Other [Member]
Revenue [Abstract]
Revenue	0	0
Operating income (loss)	(21,033)	(8,122)
Interest expense	4,307	5,402
Earnings before income taxes	$ (25,340)	$ (13,524)

Segment Information, Revenue fr

Segment Information, Revenue from External Customers by Product Line (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue [Abstract]
Revenue	$ 350,677	$ 347,513
Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	101,453	103,528
Natural Ingredients [Member]
Revenue [Abstract]
Revenue	57,600	51,219
Fragrances [Member]
Revenue [Abstract]
Revenue	22,284	23,267
Yogurt Fruit Preparations [Member]
Revenue [Abstract]
Revenue	5,161	5,539
Food & Beverage Colors [Member]
Revenue [Abstract]
Revenue	90,793	88,848
Personal Care [Member]
Revenue [Abstract]
Revenue	43,743	44,921
Inks [Member]
Revenue [Abstract]
Revenue	8,959	10,110
Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,449	28,519
Flavors & Fragrances [Member]
Revenue [Abstract]
Revenue	181,187	178,744
Flavors & Fragrances [Member] | Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	101,453	103,528
Flavors & Fragrances [Member] | Natural Ingredients [Member]
Revenue [Abstract]
Revenue	57,600	51,219
Flavors & Fragrances [Member] | Fragrances [Member]
Revenue [Abstract]
Revenue	22,284	23,267
Flavors & Fragrances [Member] | Yogurt Fruit Preparations [Member]
Revenue [Abstract]
Revenue	5,161	5,539
Color [Member]
Revenue [Abstract]
Revenue	139,193	140,250
Color [Member] | Food & Beverage Colors [Member]
Revenue [Abstract]
Revenue	90,793	88,848
Color [Member] | Personal Care [Member]
Revenue [Abstract]
Revenue	43,743	44,921
Color [Member] | Inks [Member]
Revenue [Abstract]
Revenue	8,959	10,110
Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,297	28,519
Asia Pacific [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,449	28,519
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	9,765	8,438
Intersegment Revenue [Member] | Flavors & Fragrances [Member]
Revenue [Abstract]
Revenue	5,311	4,809
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	4,302	3,629
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	$ 152	$ 0

Segment Information, Revenue _2

Segment Information, Revenue from External Customers by Geographic Markets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue [Abstract]
Revenue	$ 350,677	$ 347,513
North America [Member]
Revenue [Abstract]
Revenue	182,966	178,779
Europe [Member]
Revenue [Abstract]
Revenue	82,637	90,177
Asia Pacific [Member]
Revenue [Abstract]
Revenue	54,452	52,300
Other [Member]
Revenue [Abstract]
Revenue	30,622	26,257
Flavors & Fragrances [Member]
Revenue [Abstract]
Revenue	181,187	178,744
Color [Member]
Revenue [Abstract]
Revenue	139,193	140,250
Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,297	28,519
Reportable Geographical Components [Member] | Flavors & Fragrances [Member] | North America [Member]
Revenue [Abstract]
Revenue	116,701	112,747
Reportable Geographical Components [Member] | Flavors & Fragrances [Member] | Europe [Member]
Revenue [Abstract]
Revenue	43,877	48,001
Reportable Geographical Components [Member] | Flavors & Fragrances [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	9,355	7,609
Reportable Geographical Components [Member] | Flavors & Fragrances [Member] | Other [Member]
Revenue [Abstract]
Revenue	11,254	10,387
Reportable Geographical Components [Member] | Color [Member] | North America [Member]
Revenue [Abstract]
Revenue	66,265	66,007
Reportable Geographical Components [Member] | Color [Member] | Europe [Member]
Revenue [Abstract]
Revenue	38,738	42,135
Reportable Geographical Components [Member] | Color [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	15,975	16,425
Reportable Geographical Components [Member] | Color [Member] | Other [Member]
Revenue [Abstract]
Revenue	18,215	15,683
Reportable Geographical Components [Member] | Asia Pacific [Member] | North America [Member]
Revenue [Abstract]
Revenue	0	25
Reportable Geographical Components [Member] | Asia Pacific [Member] | Europe [Member]
Revenue [Abstract]
Revenue	22	41
Reportable Geographical Components [Member] | Asia Pacific [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	29,122	28,266
Reportable Geographical Components [Member] | Asia Pacific [Member] | Other [Member]
Revenue [Abstract]
Revenue	$ 1,153	$ 187

Retirement Plans (Details)

Retirement Plans (Details) - Defined Benefit Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 400	$ 359
Interest cost	256	320
Expected return on plan assets	(209)	(231)
Recognized actuarial loss (gain)	16	(39)
Total defined benefit expense	$ 463	$ 409

Derivative Instruments and He_2

Derivative Instruments and Hedging Activity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Maximum [Member]
Derivative instruments and hedging activity for the period [Abstract]
Number of months for contracts to mature	18 months
Forward Exchange Contracts [Member] | Cash Flow Hedges [Member]
Derivative instruments and hedging activity for the period [Abstract]
Derivative, fair value	$ 54.5	$ 59.9
Foreign Currency Denominated Debt, Net Investment Hedging [Member]
Derivative instruments and hedging activity for the period [Abstract]
Carrying value of foreign denominated debt	355	$ 363.4
Impact of foreign exchange rates on debt instruments recorded in other comprehensive income	$ (8.4)

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Taxes [Abstract]
Effective income tax rates	31.30%	25.50%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ 881,589	$ 859,947
Other comprehensive income (loss) before reclassifications		(44,790)	(567)
Amounts reclassified from OCI		437	(149)
Ending balance		842,658	877,724
Accumulated Other Comprehensive (Loss) Income [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(163,008)	(165,555)
Ending balance		(207,361)	(166,271)
Cash Flow Hedges [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	(199)	147
Other comprehensive income (loss) before reclassifications	[1]	(1,865)	597
Amounts reclassified from OCI	[1]	429	(112)
Ending balance	[1]	(1,635)	632
Pension Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	(672)	549
Other comprehensive income (loss) before reclassifications	[1]	0	0
Amounts reclassified from OCI	[1]	8	(37)
Ending balance	[1]	(664)	512
Foreign Currency Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(162,137)	(166,251)
Other comprehensive income (loss) before reclassifications		(42,925)	(1,164)
Amounts reclassified from OCI		0	0
Ending balance		$ (205,062)	$ (167,415)
[1]	Cash Flow Hedges and Pension Items are net of tax.

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - USD ($) $ / shares in Units, $ in Millions	Apr. 23, 2020	Apr. 09, 2020
Subsequent Events [Abstract]
Dividend declared date	Apr. 23, 2020
Dividend payable (in dollars per share)	$ 0.39
Dividend payable date	Jun. 1, 2020
Minimum [Member]
Subsequent Events [Abstract]
Non-cash impairment charge		$ 7
Maximum [Member]
Subsequent Events [Abstract]
Non-cash impairment charge		$ 9