Sensient Technologies (SXT) 10-Q 3 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 28, 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		42,357,004
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) [Abstract]
Revenue	$ 323,566	$ 317,650	$ 997,333	$ 1,004,349
Cost of products sold	217,920	215,250	677,580	674,956
Selling and administrative expenses	64,491	63,612	201,912	193,817
Operating income	41,155	38,788	117,841	135,576
Interest expense	3,497	4,936	11,412	15,538
Earnings before income taxes	37,658	33,852	106,429	120,038
Income taxes	4,748	1,981	22,126	21,029
Net earnings	$ 32,910	$ 31,871	$ 84,303	$ 99,009
Weighted average number of common shares outstanding:
Basic (in shares)	42,307	42,272	42,299	42,261
Diluted (in shares)	42,349	42,299	42,326	42,291
Earnings per common share:
Basic (in dollars per share)	$ 0.78	$ 0.75	$ 1.99	$ 2.34
Diluted (in dollars per share)	0.78	0.75	1.99	2.34
Dividends declared per common share (in dollars per share)	$ 0.39	$ 0.36	$ 1.17	$ 1.08

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Comprehensive income	$ 51,232	$ 14,104	$ 60,909	$ 83,254

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 26,900	$ 21,153
Trade accounts receivable, net	222,388	213,201
Inventories	401,046	422,517
Prepaid expenses and other current assets	43,681	40,049
Assets held for sale	58,534	91,293
TOTAL CURRENT ASSETS	752,549	788,213
OTHER ASSETS	84,558	80,939
DEFERRED TAX ASSETS	23,911	14,976
INTANGIBLE ASSETS, NET	10,864	11,802
GOODWILL	412,555	407,042
PROPERTY, PLANT, AND EQUIPMENT:
Land	30,496	31,431
Buildings	301,722	298,733
Machinery and equipment	668,268	652,063
Construction in progress	33,572	24,613
Property, plant, and equipment, gross	1,034,058	1,006,840
Less accumulated depreciation	(604,549)	(569,661)
Property, plant, and equipment, net	429,509	437,179
TOTAL ASSETS	1,713,946	1,740,151
CURRENT LIABILITIES:
Trade accounts payable	93,491	94,653
Accrued salaries, wages, and withholdings from employees	26,147	18,655
Other accrued expenses	48,132	41,429
Income taxes	2,316	6,841
Short-term borrowings	24,460	20,612
Liabilities held for sale	17,491	19,185
TOTAL CURRENT LIABILITIES	212,037	201,375
DEFERRED TAX LIABILITIES	14,901	15,053
OTHER LIABILITIES	26,543	17,813
ACCRUED EMPLOYEE AND RETIREE BENEFITS	26,556	25,822
LONG-TERM DEBT	537,124	598,499
SHAREHOLDERS' EQUITY:
Common stock	5,396	5,396
Additional paid-in capital	101,318	98,425
Earnings reinvested in the business	1,570,013	1,536,100
Treasury stock, at cost	(593,540)	(595,324)
Accumulated other comprehensive loss	(186,402)	(163,008)
TOTAL SHAREHOLDERS' EQUITY	896,785	881,589
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,713,946	$ 1,740,151

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net earnings	$ 84,303	$ 99,009
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization	36,831	41,706
Share-based compensation expense (income)	4,017	(816)
Net gain on assets	(254)	(1,224)
Net loss on divestitures and other charges	5,821	0
Deferred income taxes	(9,001)	(2,303)
Changes in operating assets and liabilities:
Trade accounts receivable	(7,962)	6,355
Inventories	17,433	14,493
Prepaid expenses and other assets	(4,726)	(5,053)
Accounts payable and other accrued expenses	9,018	(19,565)
Accrued salaries, wages and withholdings from employees	7,410	(1,647)
Income taxes	(3,899)	(5,294)
Other liabilities	3,936	1,920
Net cash provided by operating activities	142,927	127,581
Cash flows from investing activities:
Acquisition of property, plant, and equipment	(34,009)	(26,073)
Proceeds from sale of assets	1,022	2,033
Proceeds from divesture of businesses	12,228	0
Other investing activities	4,955	4,280
Net cash used in investing activities	(15,804)	(19,760)
Cash flows from financing activities:
Proceeds from additional borrowings	33,164	35,126
Debt payments	(101,061)	(90,966)
Dividends paid	(49,537)	(45,688)
Other financing activities	(415)	(1,027)
Net cash used in financing activities	(117,849)	(102,555)
Effect of exchange rate changes on cash and cash equivalents	(3,527)	(2,745)
Net increase in cash and cash equivalents	5,747	2,521
Cash and cash equivalents at beginning of period	21,153	31,901
Cash and cash equivalents at end of period	$ 26,900	$ 34,422

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	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-In Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Earnings Reinvested in the Business [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Accumulated Other Comprehensive Income (Loss) [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]
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	99,009	$ 0	0	99,009
Other comprehensive income (loss)	0	0	0	0	(15,755)	(15,755)
Cash dividends paid	0	0	(45,688)	0	0	(45,688)
Share-based compensation	0	(816)	0	0	0	(816)
Non-vested stock issued upon vesting	0	(2,343)	0	$ 2,343	0	0
Non-vested stock issued upon vesting (in shares)				(45,981)
Benefit plans	0	72	0	$ 948	0	1,020
Benefit plans (in shares)				(18,597)
Other	0	(229)	0	$ (815)	0	(1,044)
Other (in shares)				15,991
Ending balance at Sep. 30, 2019	5,396	98,347	1,569,564	$ (595,324)	(181,310)	896,673
Ending balance (in shares) at Sep. 30, 2019				11,682,636
Beginning balance at Jun. 30, 2019	5,396	98,037	1,552,928	$ (595,336)	(163,543)	897,482
Beginning balance (in shares) at Jun. 30, 2019				11,682,876
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	31,871	$ 0	0	31,871
Other comprehensive income (loss)	0	0	0	0	(17,767)	(17,767)
Cash dividends paid	0	0	(15,235)	0	0	(15,235)
Share-based compensation	0	339	0	0	0	339
Non-vested stock issued upon vesting	0	(12)	0	$ 12	0	0
Non-vested stock issued upon vesting (in shares)				(240)
Other	0	(17)	0	$ 0	0	(17)
Other (in shares)				0
Ending balance at Sep. 30, 2019	5,396	98,347	1,569,564	$ (595,324)	(181,310)	896,673
Ending balance (in shares) at Sep. 30, 2019				11,682,636
Beginning balance at Dec. 31, 2019	5,396	98,425	1,536,100	$ (595,324)	(163,008)	881,589
Beginning balance (ASU 2016-13 [Member]) at Dec. 31, 2019							$ 0	$ 0	$ (853)	$ 0	$ 0	$ (853)
Beginning balance (in shares) at Dec. 31, 2019				11,682,636
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	84,303	$ 0	0	84,303
Other comprehensive income (loss)	0	0	0	0	(23,394)	(23,394)
Cash dividends paid	0	0	(49,537)	0	0	(49,537)
Share-based compensation	0	4,017	0	0	0	4,017
Non-vested stock issued upon vesting	0	(1,352)	0	$ 1,352	0	0
Non-vested stock issued upon vesting (in shares)				(26,515)
Benefit plans	0	241	0	$ 833	0	1,074
Benefit plans (in shares)				(16,344)
Other	0	(13)	0	$ (401)	0	(414)
Other (in shares)				7,850
Ending balance at Sep. 30, 2020	5,396	101,318	1,570,013	$ (593,540)	(186,402)	896,785
Ending balance (in shares) at Sep. 30, 2020				11,647,627
Beginning balance at Jun. 30, 2020	5,396	99,962	1,553,622	$ (593,540)	(204,724)	860,716
Beginning balance (in shares) at Jun. 30, 2020				11,647,627
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	32,910	$ 0	0	32,910
Other comprehensive income (loss)	0	0	0	0	18,322	18,322
Cash dividends paid	0	0	(16,519)	0	0	(16,519)
Share-based compensation	0	1,355	0	0	0	1,355
Other	0	1	0	$ 0	0	1
Other (in shares)				0
Ending balance at Sep. 30, 2020	$ 5,396	$ 101,318	$ 1,570,013	$ (593,540)	$ (186,402)	$ 896,785
Ending balance (in shares) at Sep. 30, 2020				11,647,627

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) [Abstract]
Cash dividends per share (in dollars per share)	$ 0.39	$ 0.36	$ 1.17	$ 1.08

Accounting Policies

Accounting Policies	9 Months Ended
	Sep. 30, 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 September 30, 2020; the results of operations, comprehensive income, and shareholders’ equity for the three and nine months ended September 30, 2020 and 2019; and cash flows for the nine months ended September 30, 2020 and 2019 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 inter-bank 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	9 Months Ended
	Sep. 30, 2020
Divestitures [Abstract]
Divestitures	2. Divestitures In October 2019, the Company announced its intent to divest its inks, fragrances (excluding its essential oils product line), and yogurt fruit preparations product lines. In the fourth quarter of 2019, the Board of Directors approved the sale of the inks product line, which is within the Color segment, and the fragrances product line (excluding its essential oils product line), which is within the Flavors & Extracts segment (formerly known as the Flavors & Fragrances segment; see Note 7, Segment Information On June 30, 2020, the Company completed the sale of its inks product line. At closing, the Company received $ million of net cash, subject to post-closing working capital and net debt adjustments, the sale of certain assets post-closing and the collection of retained accounts receivables. During the three months ended September 30, 2020, the Company received $ million of cash related to the sale of certain assets post-closing. The Company expects to receive additional cash when it finalizes its post-closing adjustments and completes the post-closing asset sales. Accumulated Other Comprehensive Loss Selling and Administrative Expenses On September 18, 2020, the Company completed the sale of its yogurt fruit preparations product line and recorded a net gain of approximately $ million Selling and Administrative Expenses Cost of Products Sold The assets and liabilities related to the inks and fragrances product lines are recorded in Assets Held for Sale Liabilities Held for Sale (in thousands) September 30, 2020 December 31, 2019 Assets held for sale: Trade accounts receivable, net $ 21,696 $ 31,653 Inventories 24,521 34,612 Prepaid expenses and other current assets 4,463 5,528 Property, plant, and equipment, net 5,936 14,496 Intangible assets, net 1,918 5,004 Assets held for sale $ 58,534 $ 91,293 Liabilities held for sale: Trade accounts payable $ 12,481 $ 12,318 Accrued salaries, wages and withholdings from employees 1,405 1,677 Other accrued expenses 3,605 5,190 Liabilities held for sale $ 17,491 $ 19,185 In March 2020, 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 records liabilities related to environmental remediation obligations when estimated future expenditures are probable and the amount of the liability is reasonably estimable. Based upon an environmental investigation and a quantitative risk assessment performed by a consultant hired by the Company during the second quarter of 2020, the Company has recorded $0.8 million related to these obligations in Selling and Administrative Expenses In addition, the Company currently estimates a non-cash charge of $ million to $ million upon closing the sale of the fragrances product line 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 Statement of Earnings. The Company also incurred $1.2 million and $5.2 million of other divestiture and other related costs, primarily severance and legal expenses, during the three and nine month periods ended September 30, 2020, respectively, which are recorded in Selling and Administrative Expenses The Company expects total cash costs in 2019, 2020, and 2021 associated with the divestitures of all three product lines to be between $6 million and $9 million, primarily related to severance and other exit activities.

Operational Improvement Plan

Operational Improvement Plan	9 Months Ended
	Sep. 30, 2020
Operational Improvement Plan [Abstract]
Operational Improvement Plan	3. Operational Improvement Plan During the three months ended September 30, 2020, the Company approved an operational improvement plan (Operational Improvement Plan) to consolidate manufacturing facilities and improve efficiencies within the Company. As part of the Operational Improvement Plan, the Company is combining its New Jersey cosmetics manufacturing facility in the Personal Care product line of the Color segment into its existing Color segment facility in Missouri, and the Company incurred additional employee separation costs within its Personal Care product line in the Color segment. In addition, the Company is centralizing certain Flavors & Extracts segment support functions in Europe into one location. In the Asia Pacific segment, the Company incurred employee separation costs in connection with the elimination of certain selling and administrative positions. The following table summarizes the Operational Improvement Plan costs by segment for the three and nine months ended September 30, 2020: (In thousands) Three and Nine Months Ended September 30, 2020 Flavors & Extracts Color Asia Pacific Consolidated Employee separation $ 337 $ 1,477 $ 610 $ 2,424 Other costs (1) - 217 - 217 Total $ 337 $ 1,694 $ 610 $ 2,641 (1) Other costs include professional services, accelerated depreciation, and other related costs. The Company recorded the Operational Improvement Plan costs for the three and nine months ended September 30, 2020, as follows: (In thousands) Three and Nine Months Ended September 30, 2020 Selling & Administrative Expenses Cost of Products Sold Consolidated Employee separation $ 2,424 $ - $ 2,424 Other costs (1) 182 35 217 Total $ 2,606 $ 35 $ 2,641 (1) Other costs include professional services, accelerated depreciation, and other related costs. The Company expects the total costs in 2020 and 2021 associated with the Operational Improvement Plan to be between $5 million and $7 million, primarily related to severance and accelerated depreciation.

Trade Accounts Receivable

Trade Accounts Receivable	9 Months Ended
	Sep. 30, 2020
Trade Accounts Receivable [Abstract]
Trade Accounts Receivable	4. 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 has not had and is not anticipated to have a material impact on trade accounts receivable. Forecasted economic conditions have not had 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 and nine month periods ended September : (In thousands) Three Months Ended September 30, 2020 Allowance for Doubtful Accounts Balance at June 30 $ 4,890 Provision for expected credit losses 148 Accounts written off (453 ) Translation and other activity 207 Balance at September $ 4,792 (In thousands) Nine Months Ended September 30, 2020 Allowance for Doubtful Accounts Balance at December $ 6,913 Adoption of ASU - 853 Provision for expected credit losses 504 Accounts written off (1,080 ) Divestiture (2,174 ) Translation and other activity (224 ) Balance at September $ 4,792 See Note 2, Divestitures

Inventories

Inventories	9 Months Ended
	Sep. 30, 2020
Inventories [Abstract]
Inventories	5. Inventories At September 30, 2020, and December 31, 2019, inventories included finished and in-process products totaling $274.5 million and $313.1 million, respectively, and raw materials and supplies of $126.5 million and $109.4 million, respectively.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2020
Fair Value [Abstract]
Fair Value	6. Fair Value ASC 820, Fair Value Measurement September September September September September

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Information [Abstract]
Segment Information	7. Segment Information During the third quarter of 2020, the Company changed the name of its Flavors & Fragrances segment to the Flavors & Extracts segment in order to more accurately reflect the group’s product portfolio. In addition, the Company changed the name of its Food & Beverage Colors product line to Food & Pharmaceutical Colors. Operating results by segment for the periods presented are as follows: (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Consolidated Three months ended September 30 , 2020 : Revenue from external customers $ 179,687 $ 113,139 $ 30,740 $ - $ 323,566 Intersegment revenue 3,179 3,275 - - 6,454 Total revenue $ 182,866 $ 116,414 $ 30,740 $ - $ 330,020 Operating income (loss) $ 23,844 $ 23,559 $ 6,123 $ (12,371 ) $ 41,155 Interest expense - - - 3,497 3,497 Earnings (loss) before income taxes $ 23,844 $ 23,559 $ 6,123 $ (15,868 ) $ 37,658 Three months ended September 30 , 2019 : Revenue from external customers $ 163,870 $ 123,710 $ 30,070 $ - $ 317,650 Intersegment revenue 3,707 3,295 55 - 7,057 Total revenue $ 167,577 $ 127,005 $ 30,125 $ - $ 324,707 Operating income (loss) $ 17,600 $ 23,436 $ 5,406 $ (7,654 ) $ 38,788 Interest expense - - - 4,936 4,936 Earnings (loss) before income taxes $ 17,600 $ 23,436 $ 5,406 $ (12,590 ) $ 33,852 (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Consolidated Nine months ended September 30 , 2020 : Revenue from external customers $ 539,304 $ 369,211 $ 88,818 $ - $ 997,333 Intersegment revenue 13,671 11,994 244 - 25,909 Total revenue $ 552,975 $ 381,205 $ 89,062 $ - $ 1,023,242 Operating income (loss) $ 67,467 $ 75,486 $ 16,031 $ (41,143 ) $ 117,841 Interest expense - - - 11,412 11,412 Earnings (loss) before income taxes $ 67,467 $ 75,486 $ 16,031 $ (52,555 ) $ 106,429 Nine months ended September 30 , 2019 : Revenue from external customers $ 517,148 $ 399,610 $ 87,591 $ - $ 1,004,349 Intersegment revenue 14,116 10,186 55 - 24,357 Total revenue $ 531,264 $ 409,796 $ 87,646 $ - $ 1,028,706 Operating income (loss) $ 60,775 $ 81,512 $ 13,825 $ (20,536 ) $ 135,576 Interest expense - - - 15,538 15,538 Earnings (loss) before income taxes $ 60,775 $ 81,512 $ 13,825 $ (36,074 ) $ 120,038 The Company evaluates performance based on operating income before divestiture and other related costs, restructuring and other charges including operational improvement plan costs, 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 divestitures of the Company’s inks and yogurt fruit preparations product lines, and the anticipated divestiture of the Company’s fragrances product line (excluding its essential oils product line), and the operational improvement plan, are reported in Corporate & Other. There were no divestiture and other related costs, restructuring and other costs, or operational improvement plan costs, in the first nine 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 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 & Pharmaceutical Colors (formerly 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 & Extracts Color Asia Pacific Consolidated Three months ended September 30 , 2020 : Flavors, Extracts & Flavor Ingredients $ 98,952 $ - $ - $ 98,952 Natural Ingredients 60,937 - - 60,937 Fragrances 19,890 - - 19,890 Yogurt Fruit Preparations 3,087 - - 3,087 Food & Pharmaceutical Colors - 83,406 - 83,406 Personal Care - 32,495 - 32,495 Inks - 513 - 513 Asia Pacific - - 30,740 30,740 Intersegment Revenue (3,179 ) (3,275 ) - (6,454 ) Total revenue from external customers $ 179,687 $ 113,139 $ 30,740 $ 323,566 Three months ended September 30 , 2019 : Flavors, Extracts & Flavor Ingredients $ 88,404 $ - $ - $ 88,404 Natural Ingredients 53,220 - - 53,220 Fragrances 21,395 - - 21,395 Yogurt Fruit Preparations 4,558 - - 4,558 Food & Pharmaceutical Colors - 81,805 - 81,805 Personal Care - 37,276 - 37,276 Inks - 7,924 - 7,924 Asia Pacific - - 30,125 30,125 Intersegment Revenue (3,707 ) (3,295 ) (55 ) (7,057 ) Total revenue from external customers $ 163,870 $ 123,710 $ 30,070 $ 317,650 (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Nine months ended September 30 , 2020 : Flavors, Extracts & Flavor Ingredients $ 302,047 $ - $ - $ 302,047 Natural Ingredients 175,764 - - 175,764 Fragrances 63,251 - - 63,251 Yogurt Fruit Preparations 11,913 - - 11,913 Food & Pharmaceutical Colors - 261,024 - 261,024 Personal Care - 107,333 - 107,333 Inks - 12,848 - 12,848 Asia Pacific - - 89,062 89,062 Intersegment Revenue (13,671 ) (11,994 ) (244 ) (25,909 ) Total revenue from external customers $ 539,304 $ 369,211 $ 88,818 $ 997,333 Nine months ended September 30 , 2019 : Flavors, Extracts & Flavor Ingredients $ 292,347 $ - $ - $ 292,347 Natural Ingredients 156,864 - - 156,864 Fragrances 65,828 - - 65,828 Yogurt Fruit Preparations 16,225 - - 16,225 Food & Pharmaceutical Colors - 259,249 - 259,249 Personal Care - 123,595 - 123,595 Inks - 26,952 - 26,952 Asia Pacific - - 87,646 87,646 Intersegment Revenue (14,116 ) (10,186 ) (55 ) (24,357 ) Total revenue from external customers $ 517,148 $ 399,610 $ 87,591 $ 1,004,349 Geographic Markets (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended September 30 , 2020 : North America $ 124,125 $ 61,937 $ 48 $ 186,110 Europe 37,257 24,953 11 62,221 Asia Pacific 7,905 10,926 29,489 48,320 Other 10,400 15,323 1,192 26,915 Total revenue from external customers $ 179,687 $ 113,139 $ 30,740 $ 323,566 Three months ended September 30 , 2019 : North America $ 109,659 $ 60,801 $ 25 $ 170,485 Europe 35,964 33,027 132 69,123 Asia Pacific 7,002 12,903 29,731 49,636 Other 11,245 16,979 182 28,406 Total revenue from external customers $ 163,870 $ 123,710 $ 30,070 $ 317,650 (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Nine months ended September 30 , 2020 : North America $ 361,653 $ 189,572 $ 48 $ 551,273 Europe 120,406 88,941 78 209,425 Asia Pacific 25,363 43,096 85,746 154,205 Other 31,882 47,602 2,946 82,430 Total revenue from external customers $ 539,304 $ 369,211 $ 88,818 $ 997,333 Nine months ended September 30 , 2019 : North America $ 335,521 $ 192,109 $ 87 $ 527,717 Europe 125,288 113,844 280 239,412 Asia Pacific 24,041 44,440 86,719 155,200 Other 32,298 49,217 505 82,020 Total revenue from external customers $ 517,148 $ 399,610 $ 87,591 $ 1,004,349

Retirement Plans

Retirement Plans	9 Months Ended
	Sep. 30, 2020
Retirement Plans [Abstract]
Retirement Plans	8. 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 September 30, Nine Months Ended September 30, (In thousands) 2020 2019 2020 2019 Service cost $ 400 $ 358 $ 1,196 $ 1,076 Interest cost 256 315 763 954 Expected return on plan assets (209 ) (224 ) (622 ) (684 ) Recognized actuarial loss (gain) 16 (40 ) 47 (118 ) Total defined benefit expense $ 463 $ 409 $ 1,384 $ 1,228 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	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activity [Abstract]
Derivative Instruments and Hedging Activity	9. 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 and of forward exchange contracts designated as cash flow hedges outstanding as of September 30, 2020 and December 31, 2019 respectively. For the nine months ended September 30, 2020 losses of were reclassified into net earnings in the Company’s Consolidated Condensed Statement of Earnings that offset the underlying transactions’ impact on earnings in the same period. Net investment hedges – The Company has designated certain foreign currency denominated long-term borrowings as partial hedges of the Company’s foreign currency net asset positions. As of September 30, 2020 the total value of the Company’s net investment hedges was . These net investment hedges included Euro and British Pound denominated long-term debt. As of December 31, 2019 the total value of the Company’s net investment hedges was . These net investment hedges then included Euro, Swiss Franc, and British Pound denominated long-term debt. 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). For the three and nine months ended September 30, 2020 the impact of foreign exchange rates on these debt instruments increased debt by and , respectively, which has been recorded as foreign currency translation in OCI. For the three and nine months ended September 30, 2020 gains of $ million and losses of Divestitures There were amounts reclassified into net earnings for the three and nine months ended September 30, 2019.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Taxes [Abstract]
Income Taxes	10. Income Taxes The effective income tax rates for the months ended September and were and , respectively. For the months ended September and the effective income tax rates were and , respectively. The effective tax rates for the and months ended September and were both impacted by changes in estimates associated with the finalization of prior year foreign tax items, audit settlements, changes in valuation allowances, and the mix of foreign earnings. The three and nine months ended September 30, 2020 were also impacted by a change in a reserve for an uncertain tax position. 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 has determined the CARES Act does not materially impact the Company’s income tax expense or projections. As of September 30, 2020, the Company has deferred certain payroll tax payments of as permitted by the CARES Act

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	11. Accumulated Other Comprehensive Income The following table summarizes the changes in OCI during the three and nine month periods ended September 30, 2020 and 2019: (In thousands) Cash Flow Hedges (2) Pension Items (2) Foreign Currency Items Total Balances at December 31, 2019 $ (199 ) $ (672 ) $ (162,137 ) $ (163,008 ) Other comprehensive loss before reclassifications (995 ) - (15,164 ) (16,159 ) Amounts reclassified from OCI 1,380 24 (8,639 ) (7,235 ) Balances at September 30, 2020 $ 186 $ (648 ) $ (185,940 ) $ (186,402 ) (In thousands) Cash Flow Hedges (2) Pension Items (2) Foreign Currency Items Total Balances at June 30, 2020 $ (912 ) $ (656 ) $ (203,156 ) $ (204,724 ) Other comprehensive income before reclassifications 889 - 17,638 18,527 Amounts reclassified from OCI 209 8 (422 ) (205 ) Balances at September 30, 2020 $ 186 $ (648 ) $ (185,940 ) $ (186,402 ) (In thousands) Cash Flow Hedges (2) Pension Items (2) Foreign Currency Items Total Balances at December 31, 2018 $ 147 $ 549 $ (166,251 ) $ (165,555 ) Other comprehensive loss before reclassifications (25 ) - (15,389 ) (15,414 ) Amounts reclassified from OCI (229 ) (112 ) - (341 ) Balances at September 30, 2019 $ (107 ) $ 437 $ (181,640 ) $ (181,310 ) (In thousands) Cash Flow Hedges (2) Pension Items (2) Foreign Currency Items Total Balances at June 30, 2019 $ (58 ) $ 475 $ (163,960 ) $ (163,543 ) Other comprehensive loss before reclassifications (91 ) - (17,680 ) (17,771 ) Amounts reclassified from OCI 42 (38 ) - 4 Balances at September 30, 2019 $ (107 ) $ 437 $ (181,640 ) $ (181,310 ) (2) Cash Flow Hedges and Pension Items are net of tax.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies [Abstract]
Commitments and Contingencies	12. 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. The Court overruled the Demurrer on September 1, 2020. SNI is seeking discretionary appellate review of this decision. SNI continues to evaluate the developing legal authority on this issue. SNI intends to continue to vigorously defend its interests, absent a reasonable resolution. Kelley v. Sensient Natural Ingredients LLC; Bryan v. Sensient Natural Ingredients LLC On March 4, 2020 Monique Kelley filed a Class Action Complaint against SNI in Merced County Superior Court in California. Ms. Kelley worked at SNI for less than a week in 2017 through a temporary staffing company. Ms. Kelley has brought suit for purported violations of the California Labor Code and the California Business and Professions Code on her own behalf, and on behalf of all current and former California-based hourly-paid or non-exempt employees of SNI. Ms. Kelley specifically asserts claims for unpaid overtime wages, unpaid minimum wages, unpaid meal and rest break premiums, failure to timely pay final wages upon termination, non-compliant wage statements, and unreimbursed business expenses. SNI filed a Demurrer on May 21, 2020 seeking dismissal of the Complaint in its entirety on the grounds that it contains only boilerplate allegations that fail to state facts sufficient to constitute a cause of action, and it is otherwise uncertain, ambiguous, and unintelligible. SNI further sought dismissal of one cause of action based upon the statute of limitations. SNI simultaneously filed a Motion to Strike certain allegations in the Complaint as improperly pled. The Court sustained the Demurrer with leave to amend on August 25, 2020. The Court also granted the Motion to Strike. Pending the filing of an amended pleading, the parties have begun discovery. On June 15, 2020 the same law firm representing Ms. Kelley also filed notice with the State of California of the intent to pursue a claim on a representative basis pursuant to the California Private Attorneys General Act of 2004 (PAGA). This notice was served on behalf of Julie Bryan, who worked at SNI through a temporary staffing agency in early 2020 The notice states the intent to pursue relief on behalf of Ms. Bryan as well as other alleged aggrieved employees, identified as all current and former hourly or non-exempt employees of SNI, whether hired directly or through staffing agencies or labor contractors. The notice alleges that SNI failed to properly pay Ms. Bryan and the other alleged aggrieved employees for all hours worked, failed to properly provide or compensate minimum and overtime wages and for meal and rest breaks, failed to issue compliant wage statements, and failed to reimburse for all necessary business-related expenses, in violation of the California Labor Code and California Industrial Welfare Commission Orders. On August 19, 2020, Ms. Bryan filed a Complaint in Merced County Superior Court asserting the claims set forth in her PAGA notice. SNI has filed its Answer and Affirmative Defenses, and the parties have entered the discovery phase of the case. SNI intends to vigorously defend its interests in both of these matters, 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. See Note 2, Divestitures , for information about estimated environmental remediation costs associated with our Granada, Spain, location.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	13. Subsequent Events On October 1, 2020, the Company amended its existing accounts receivable securitization program with Wells Fargo Bank, National Association to extend the expiration date of the program to October 2021, provide for the determination of an alternative interest rate, and exclude the receivables of certain obligors from the program. On the Company announced its quarterly dividend of cents per share would be payable on .

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 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 inter-bank 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)	9 Months Ended
	Sep. 30, 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 Liabilities Held for Sale (in thousands) September 30, 2020 December 31, 2019 Assets held for sale: Trade accounts receivable, net $ 21,696 $ 31,653 Inventories 24,521 34,612 Prepaid expenses and other current assets 4,463 5,528 Property, plant, and equipment, net 5,936 14,496 Intangible assets, net 1,918 5,004 Assets held for sale $ 58,534 $ 91,293 Liabilities held for sale: Trade accounts payable $ 12,481 $ 12,318 Accrued salaries, wages and withholdings from employees 1,405 1,677 Other accrued expenses 3,605 5,190 Liabilities held for sale $ 17,491 $ 19,185

Operational Improvement Plan (T

Operational Improvement Plan (Tables)	9 Months Ended
	Sep. 30, 2020
Operational Improvement Plan [Abstract]
Operational Improvement Plan Costs by Segment	The following table summarizes the Operational Improvement Plan costs by segment for the three and nine months ended September 30, 2020: (In thousands) Three and Nine Months Ended September 30, 2020 Flavors & Extracts Color Asia Pacific Consolidated Employee separation $ 337 $ 1,477 $ 610 $ 2,424 Other costs (1) - 217 - 217 Total $ 337 $ 1,694 $ 610 $ 2,641 (1) Other costs include professional services, accelerated depreciation, and other related costs. The Company recorded the Operational Improvement Plan costs for the three and nine months ended September 30, 2020, as follows: (In thousands) Three and Nine Months Ended September 30, 2020 Selling & Administrative Expenses Cost of Products Sold Consolidated Employee separation $ 2,424 $ - $ 2,424 Other costs (1) 182 35 217 Total $ 2,606 $ 35 $ 2,641 (1) Other costs include professional services, accelerated depreciation, and other related costs.

Trade Accounts Receivable (Tabl

Trade Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 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 and nine month periods ended September : (In thousands) Three Months Ended September 30, 2020 Allowance for Doubtful Accounts Balance at June 30 $ 4,890 Provision for expected credit losses 148 Accounts written off (453 ) Translation and other activity 207 Balance at September $ 4,792 (In thousands) Nine Months Ended September 30, 2020 Allowance for Doubtful Accounts Balance at December $ 6,913 Adoption of ASU - 853 Provision for expected credit losses 504 Accounts written off (1,080 ) Divestiture (2,174 ) Translation and other activity (224 ) Balance at September $ 4,792

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Information [Abstract]
Segment Information	Operating results by segment for the periods presented are as follows: (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Consolidated Three months ended September 30 , 2020 : Revenue from external customers $ 179,687 $ 113,139 $ 30,740 $ - $ 323,566 Intersegment revenue 3,179 3,275 - - 6,454 Total revenue $ 182,866 $ 116,414 $ 30,740 $ - $ 330,020 Operating income (loss) $ 23,844 $ 23,559 $ 6,123 $ (12,371 ) $ 41,155 Interest expense - - - 3,497 3,497 Earnings (loss) before income taxes $ 23,844 $ 23,559 $ 6,123 $ (15,868 ) $ 37,658 Three months ended September 30 , 2019 : Revenue from external customers $ 163,870 $ 123,710 $ 30,070 $ - $ 317,650 Intersegment revenue 3,707 3,295 55 - 7,057 Total revenue $ 167,577 $ 127,005 $ 30,125 $ - $ 324,707 Operating income (loss) $ 17,600 $ 23,436 $ 5,406 $ (7,654 ) $ 38,788 Interest expense - - - 4,936 4,936 Earnings (loss) before income taxes $ 17,600 $ 23,436 $ 5,406 $ (12,590 ) $ 33,852 (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Consolidated Nine months ended September 30 , 2020 : Revenue from external customers $ 539,304 $ 369,211 $ 88,818 $ - $ 997,333 Intersegment revenue 13,671 11,994 244 - 25,909 Total revenue $ 552,975 $ 381,205 $ 89,062 $ - $ 1,023,242 Operating income (loss) $ 67,467 $ 75,486 $ 16,031 $ (41,143 ) $ 117,841 Interest expense - - - 11,412 11,412 Earnings (loss) before income taxes $ 67,467 $ 75,486 $ 16,031 $ (52,555 ) $ 106,429 Nine months ended September 30 , 2019 : Revenue from external customers $ 517,148 $ 399,610 $ 87,591 $ - $ 1,004,349 Intersegment revenue 14,116 10,186 55 - 24,357 Total revenue $ 531,264 $ 409,796 $ 87,646 $ - $ 1,028,706 Operating income (loss) $ 60,775 $ 81,512 $ 13,825 $ (20,536 ) $ 135,576 Interest expense - - - 15,538 15,538 Earnings (loss) before income taxes $ 60,775 $ 81,512 $ 13,825 $ (36,074 ) $ 120,038
Product Information	Product Lines (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended September 30 , 2020 : Flavors, Extracts & Flavor Ingredients $ 98,952 $ - $ - $ 98,952 Natural Ingredients 60,937 - - 60,937 Fragrances 19,890 - - 19,890 Yogurt Fruit Preparations 3,087 - - 3,087 Food & Pharmaceutical Colors - 83,406 - 83,406 Personal Care - 32,495 - 32,495 Inks - 513 - 513 Asia Pacific - - 30,740 30,740 Intersegment Revenue (3,179 ) (3,275 ) - (6,454 ) Total revenue from external customers $ 179,687 $ 113,139 $ 30,740 $ 323,566 Three months ended September 30 , 2019 : Flavors, Extracts & Flavor Ingredients $ 88,404 $ - $ - $ 88,404 Natural Ingredients 53,220 - - 53,220 Fragrances 21,395 - - 21,395 Yogurt Fruit Preparations 4,558 - - 4,558 Food & Pharmaceutical Colors - 81,805 - 81,805 Personal Care - 37,276 - 37,276 Inks - 7,924 - 7,924 Asia Pacific - - 30,125 30,125 Intersegment Revenue (3,707 ) (3,295 ) (55 ) (7,057 ) Total revenue from external customers $ 163,870 $ 123,710 $ 30,070 $ 317,650 (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Nine months ended September 30 , 2020 : Flavors, Extracts & Flavor Ingredients $ 302,047 $ - $ - $ 302,047 Natural Ingredients 175,764 - - 175,764 Fragrances 63,251 - - 63,251 Yogurt Fruit Preparations 11,913 - - 11,913 Food & Pharmaceutical Colors - 261,024 - 261,024 Personal Care - 107,333 - 107,333 Inks - 12,848 - 12,848 Asia Pacific - - 89,062 89,062 Intersegment Revenue (13,671 ) (11,994 ) (244 ) (25,909 ) Total revenue from external customers $ 539,304 $ 369,211 $ 88,818 $ 997,333 Nine months ended September 30 , 2019 : Flavors, Extracts & Flavor Ingredients $ 292,347 $ - $ - $ 292,347 Natural Ingredients 156,864 - - 156,864 Fragrances 65,828 - - 65,828 Yogurt Fruit Preparations 16,225 - - 16,225 Food & Pharmaceutical Colors - 259,249 - 259,249 Personal Care - 123,595 - 123,595 Inks - 26,952 - 26,952 Asia Pacific - - 87,646 87,646 Intersegment Revenue (14,116 ) (10,186 ) (55 ) (24,357 ) Total revenue from external customers $ 517,148 $ 399,610 $ 87,591 $ 1,004,349
Geographical Information	Geographic Markets (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended September 30 , 2020 : North America $ 124,125 $ 61,937 $ 48 $ 186,110 Europe 37,257 24,953 11 62,221 Asia Pacific 7,905 10,926 29,489 48,320 Other 10,400 15,323 1,192 26,915 Total revenue from external customers $ 179,687 $ 113,139 $ 30,740 $ 323,566 Three months ended September 30 , 2019 : North America $ 109,659 $ 60,801 $ 25 $ 170,485 Europe 35,964 33,027 132 69,123 Asia Pacific 7,002 12,903 29,731 49,636 Other 11,245 16,979 182 28,406 Total revenue from external customers $ 163,870 $ 123,710 $ 30,070 $ 317,650 (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Nine months ended September 30 , 2020 : North America $ 361,653 $ 189,572 $ 48 $ 551,273 Europe 120,406 88,941 78 209,425 Asia Pacific 25,363 43,096 85,746 154,205 Other 31,882 47,602 2,946 82,430 Total revenue from external customers $ 539,304 $ 369,211 $ 88,818 $ 997,333 Nine months ended September 30 , 2019 : North America $ 335,521 $ 192,109 $ 87 $ 527,717 Europe 125,288 113,844 280 239,412 Asia Pacific 24,041 44,440 86,719 155,200 Other 32,298 49,217 505 82,020 Total revenue from external customers $ 517,148 $ 399,610 $ 87,591 $ 1,004,349

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, (In thousands) 2020 2019 2020 2019 Service cost $ 400 $ 358 $ 1,196 $ 1,076 Interest cost 256 315 763 954 Expected return on plan assets (209 ) (224 ) (622 ) (684 ) Recognized actuarial loss (gain) 16 (40 ) 47 (118 ) Total defined benefit expense $ 463 $ 409 $ 1,384 $ 1,228

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income [Abstract]
Changes in OCI	The following table summarizes the changes in OCI during the three and nine month periods ended September 30, 2020 and 2019: (In thousands) Cash Flow Hedges (2) Pension Items (2) Foreign Currency Items Total Balances at December 31, 2019 $ (199 ) $ (672 ) $ (162,137 ) $ (163,008 ) Other comprehensive loss before reclassifications (995 ) - (15,164 ) (16,159 ) Amounts reclassified from OCI 1,380 24 (8,639 ) (7,235 ) Balances at September 30, 2020 $ 186 $ (648 ) $ (185,940 ) $ (186,402 ) (In thousands) Cash Flow Hedges (2) Pension Items (2) Foreign Currency Items Total Balances at June 30, 2020 $ (912 ) $ (656 ) $ (203,156 ) $ (204,724 ) Other comprehensive income before reclassifications 889 - 17,638 18,527 Amounts reclassified from OCI 209 8 (422 ) (205 ) Balances at September 30, 2020 $ 186 $ (648 ) $ (185,940 ) $ (186,402 ) (In thousands) Cash Flow Hedges (2) Pension Items (2) Foreign Currency Items Total Balances at December 31, 2018 $ 147 $ 549 $ (166,251 ) $ (165,555 ) Other comprehensive loss before reclassifications (25 ) - (15,389 ) (15,414 ) Amounts reclassified from OCI (229 ) (112 ) - (341 ) Balances at September 30, 2019 $ (107 ) $ 437 $ (181,640 ) $ (181,310 ) (In thousands) Cash Flow Hedges (2) Pension Items (2) Foreign Currency Items Total Balances at June 30, 2019 $ (58 ) $ 475 $ (163,960 ) $ (163,543 ) Other comprehensive loss before reclassifications (91 ) - (17,680 ) (17,771 ) Amounts reclassified from OCI 42 (38 ) - 4 Balances at September 30, 2019 $ (107 ) $ 437 $ (181,640 ) $ (181,310 ) (2) Cash Flow Hedges and Pension Items are net of tax.

Accounting Policies (Details)

Accounting Policies (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Allowance for losses on trade accounts receivable	$ 4,792	$ 4,890	$ 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) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2020USD ($)ProductLine	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Divestiture of Product Line [Abstract]
Proceed from sale of business				$ 12,228	$ 0
Assets held for sale [Abstract]
Assets held for sale	$ 58,534			58,534		$ 91,293
Liabilities held for sale [Abstract]
Liabilities held for sale	17,491			$ 17,491		19,185
Divestiture Transactions [Abstract]
Number of product lines divested | ProductLine				3
Minimum [Member]
Divestiture Transactions [Abstract]
Expected cash costs associated with divestitures				$ 6,000
Maximum [Member]
Divestiture Transactions [Abstract]
Expected cash costs associated with divestitures				9,000
Inks and Fragrances [Member]
Assets held for sale [Abstract]
Trade accounts receivable, net	21,696			21,696		31,653
Inventories	24,521			24,521		34,612
Prepaid expenses and other current assets	4,463			4,463		5,528
Property, plant, and equipment, net	5,936			5,936		14,496
Intangible assets, net	1,918			1,918		5,004
Assets held for sale	58,534			58,534		91,293
Liabilities held for sale [Abstract]
Trade accounts payable	12,481			12,481		12,318
Accrued salaries, wages and withholdings from employees	1,405			1,405		1,677
Other accrued expenses	3,605			3,605		5,190
Liabilities held for sale	17,491			17,491		$ 19,185
Inks [Member]
Divestiture of Product Line [Abstract]
Proceed from sale of business	1,000		$ 10,300
Non-cash impairment charges				9,400
Non-cash net gain related to reclassification of accumulated foreign currency translation				8,200
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
Yogurt Fruit Preparations [Member]
Divestiture of Product Line [Abstract]
Gain on sale of business	900
Selling, General and Administrative Expenses [Member]
Divestiture Transactions [Abstract]
Expenses recorded related to environmental obligations				800
Other divestures and other related costs	$ 1,200			$ 5,200
Selling, General and Administrative Expenses [Member] | Yogurt Fruit Preparations [Member]
Divestiture of Product Line [Abstract]
Non-cash impairment charges		$ 2,400
Cost of Products Sold [Member] | Yogurt Fruit Preparations [Member]
Divestiture of Product Line [Abstract]
Non-cash impairment charges		$ 1,700

Operational Improvement Plan (D

Operational Improvement Plan (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)		Sep. 30, 2020USD ($)
Restructuring Costs [Abstract]
Operational Improvement Plan costs	$ 2,641		$ 2,641
Minimum [Member]
Restructuring Costs [Abstract]
Expected operational improvement cost	5,000		5,000
Maximum [Member]
Restructuring Costs [Abstract]
Expected operational improvement cost	7,000		7,000
Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	2,606		2,606
Cost of Products Sold [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	35		35
Employee Separation [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	2,424		2,424
Employee Separation [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	2,424		2,424
Employee Separation [Member] | Cost of Products Sold [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	0		0
Other Costs [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	217	[1]	217	[1]
Other Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	182	[1]	182	[1]
Other Costs [Member] | Cost of Products Sold [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	35	[1]	35	[1]
Flavors & Extracts [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	337		337
Flavors & Extracts [Member] | Employee Separation [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	337		337
Flavors & Extracts [Member] | Other Costs [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	0	[1]	0	[1]
Color [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	1,694		1,694
Color [Member] | Employee Separation [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	1,477		1,477
Color [Member] | Other Costs [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	217	[1]	217	[1]
Asia Pacific [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	610		610
Asia Pacific [Member] | Employee Separation [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	610		610
Asia Pacific [Member] | Other Costs [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	$ 0	[1]	$ 0	[1]
[1]	Other costs include professional services, accelerated depreciation, and other related costs.

Trade Accounts Receivable (Deta

Trade Accounts Receivable (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)Segment
Trade Accounts Receivable [Abstract]
Number of portfolio segments | Segment		1
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 4,890	$ 6,913
Provision for expected credit losses	148	504
Accounts written off	(453)	(1,080)
Divestiture		(2,174)
Translation and other activity	207	(224)
Ending balance	$ 4,792	4,792
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	Sep. 30, 2020	Dec. 31, 2019
Inventories [Abstract]
Inventories, including finished and in-process products	$ 274.5	$ 313.1
Raw materials and supplies	$ 126.5	$ 109.4

Fair Value (Details)

Fair Value (Details) - Level 2 [Member] - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Investments, Fair Value Disclosure [Abstract]
Forward exchange contract, liability	$ 0.3	$ 0.1
Carrying Value [Member]
Investments, Fair Value Disclosure [Abstract]
Long term debt	537.1
Fair Value [Member]
Investments, Fair Value Disclosure [Abstract]
Long term debt	$ 563.9

Segment Information, Operating

Segment Information, Operating Results by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue [Abstract]
Revenue	$ 323,566	$ 317,650	$ 997,333	$ 1,004,349
Operating income (loss)	41,155	38,788	117,841	135,576
Interest expense	3,497	4,936	11,412	15,538
Earnings before income taxes	37,658	33,852	106,429	120,038
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	179,687	163,870	539,304	517,148
Operating income (loss)	23,844	17,600	67,467	60,775
Interest expense	0	0	0	0
Earnings before income taxes	23,844	17,600	67,467	60,775
Color [Member]
Revenue [Abstract]
Revenue	113,139	123,710	369,211	399,610
Operating income (loss)	23,559	23,436	75,486	81,512
Interest expense	0	0	0	0
Earnings before income taxes	23,559	23,436	75,486	81,512
Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,740	30,070	88,818	87,591
Operating income (loss)	6,123	5,406	16,031	13,825
Interest expense	0	0	0	0
Earnings before income taxes	6,123	5,406	16,031	13,825
Reportable Segments [Member]
Revenue [Abstract]
Revenue	330,020	324,707	1,023,242	1,028,706
Reportable Segments [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	182,866	167,577	552,975	531,264
Reportable Segments [Member] | Color [Member]
Revenue [Abstract]
Revenue	116,414	127,005	381,205	409,796
Reportable Segments [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,740	30,125	89,062	87,646
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	6,454	7,057	25,909	24,357
Intersegment Revenue [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	3,179	3,707	13,671	14,116
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	3,275	3,295	11,994	10,186
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	0	55	244	55
Corporate & Other [Member]
Revenue [Abstract]
Revenue	0	0	0	0
Operating income (loss)	(12,371)	(7,654)	(41,143)	(20,536)
Interest expense	3,497	4,936	11,412	15,538
Earnings before income taxes	$ (15,868)	$ (12,590)	$ (52,555)	$ (36,074)

Segment Information, Revenue fr

Segment Information, Revenue from External Customers by Product Line (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue [Abstract]
Revenue	$ 323,566	$ 317,650	$ 997,333	$ 1,004,349
Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	98,952	88,404	302,047	292,347
Natural Ingredients [Member]
Revenue [Abstract]
Revenue	60,937	53,220	175,764	156,864
Fragrances [Member]
Revenue [Abstract]
Revenue	19,890	21,395	63,251	65,828
Yogurt Fruit Preparations [Member]
Revenue [Abstract]
Revenue	3,087	4,558	11,913	16,225
Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	83,406	81,805	261,024	259,249
Personal Care [Member]
Revenue [Abstract]
Revenue	32,495	37,276	107,333	123,595
Inks [Member]
Revenue [Abstract]
Revenue	513	7,924	12,848	26,952
Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,740	30,125	89,062	87,646
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	179,687	163,870	539,304	517,148
Flavors & Extracts [Member] | Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	98,952	88,404	302,047	292,347
Flavors & Extracts [Member] | Natural Ingredients [Member]
Revenue [Abstract]
Revenue	60,937	53,220	175,764	156,864
Flavors & Extracts [Member] | Fragrances [Member]
Revenue [Abstract]
Revenue	19,890	21,395	63,251	65,828
Flavors & Extracts [Member] | Yogurt Fruit Preparations [Member]
Revenue [Abstract]
Revenue	3,087	4,558	11,913	16,225
Color [Member]
Revenue [Abstract]
Revenue	113,139	123,710	369,211	399,610
Color [Member] | Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	83,406	81,805	261,024	259,249
Color [Member] | Personal Care [Member]
Revenue [Abstract]
Revenue	32,495	37,276	107,333	123,595
Color [Member] | Inks [Member]
Revenue [Abstract]
Revenue	513	7,924	12,848	26,952
Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,740	30,070	88,818	87,591
Asia Pacific [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,740	30,125	89,062	87,646
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	6,454	7,057	25,909	24,357
Intersegment Revenue [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	3,179	3,707	13,671	14,116
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	3,275	3,295	11,994	10,186
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	$ 0	$ 55	$ 244	$ 55

Segment Information, Revenue _2

Segment Information, Revenue from External Customers by Geographic Markets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue [Abstract]
Revenue	$ 323,566	$ 317,650	$ 997,333	$ 1,004,349
North America [Member]
Revenue [Abstract]
Revenue	186,110	170,485	551,273	527,717
Europe [Member]
Revenue [Abstract]
Revenue	62,221	69,123	209,425	239,412
Asia Pacific [Member]
Revenue [Abstract]
Revenue	48,320	49,636	154,205	155,200
Other [Member]
Revenue [Abstract]
Revenue	26,915	28,406	82,430	82,020
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	179,687	163,870	539,304	517,148
Color [Member]
Revenue [Abstract]
Revenue	113,139	123,710	369,211	399,610
Asia Pacific [Member]
Revenue [Abstract]
Revenue	30,740	30,070	88,818	87,591
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | North America [Member]
Revenue [Abstract]
Revenue	124,125	109,659	361,653	335,521
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Europe [Member]
Revenue [Abstract]
Revenue	37,257	35,964	120,406	125,288
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	7,905	7,002	25,363	24,041
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Other [Member]
Revenue [Abstract]
Revenue	10,400	11,245	31,882	32,298
Reportable Geographical Components [Member] | Color [Member] | North America [Member]
Revenue [Abstract]
Revenue	61,937	60,801	189,572	192,109
Reportable Geographical Components [Member] | Color [Member] | Europe [Member]
Revenue [Abstract]
Revenue	24,953	33,027	88,941	113,844
Reportable Geographical Components [Member] | Color [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	10,926	12,903	43,096	44,440
Reportable Geographical Components [Member] | Color [Member] | Other [Member]
Revenue [Abstract]
Revenue	15,323	16,979	47,602	49,217
Reportable Geographical Components [Member] | Asia Pacific [Member] | North America [Member]
Revenue [Abstract]
Revenue	48	25	48	87
Reportable Geographical Components [Member] | Asia Pacific [Member] | Europe [Member]
Revenue [Abstract]
Revenue	11	132	78	280
Reportable Geographical Components [Member] | Asia Pacific [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	29,489	29,731	85,746	86,719
Reportable Geographical Components [Member] | Asia Pacific [Member] | Other [Member]
Revenue [Abstract]
Revenue	$ 1,192	$ 182	$ 2,946	$ 505

Retirement Plans (Details)

Retirement Plans (Details) - Defined Benefit Plan [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 400	$ 358	$ 1,196	$ 1,076
Interest cost	256	315	763	954
Expected return on plan assets	(209)	(224)	(622)	(684)
Recognized actuarial loss (gain)	16	(40)	47	(118)
Total defined benefit expense	$ 463	$ 409	$ 1,384	$ 1,228

Derivative Instruments and He_2

Derivative Instruments and Hedging Activity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	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]
Derivative instruments and hedging activity for the period [Abstract]
Amount of gain (loss) reclassified into net earnings			$ (1.4)
Forward Exchange Contracts [Member] | Cash Flow Hedges [Member]
Derivative instruments and hedging activity for the period [Abstract]
Derivative, fair value	$ 23.8		23.8		$ 59.9
Foreign Currency Denominated Debt, Net Investment Hedging [Member]
Derivative instruments and hedging activity for the period [Abstract]
Amount of gain (loss) reclassified into net earnings	0.3	$ 0	(10.8)	$ 0
Carrying value of foreign denominated debt	316.7		316.7		$ 363.4
Impact of foreign exchange rates on debt instruments recorded in other comprehensive income	$ 13.1		$ 9.8

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Taxes [Abstract]
Effective income tax rates	12.60%	5.90%	20.80%	17.50%
Deferred payroll tax payments	$ 3.7		$ 3.7

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ 860,716	$ 897,482	$ 881,589	$ 859,947
Other comprehensive (loss) income before reclassifications		18,527	(17,771)	(16,159)	(15,414)
Amounts reclassified from OCI		(205)	4	(7,235)	(341)
Ending balance		896,785	896,673	896,785	896,673
Accumulated Other Comprehensive (Loss) Income [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(204,724)	(163,543)	(163,008)	(165,555)
Ending balance		(186,402)	(181,310)	(186,402)	(181,310)
Cash Flow Hedges [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	(912)	(58)	(199)	147
Other comprehensive (loss) income before reclassifications	[1]	889	(91)	(995)	(25)
Amounts reclassified from OCI	[1]	209	42	1,380	(229)
Ending balance	[1]	186	(107)	186	(107)
Pension Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	(656)	475	(672)	549
Other comprehensive (loss) income before reclassifications	[1]	0	0	0	0
Amounts reclassified from OCI	[1]	8	(38)	24	(112)
Ending balance	[1]	(648)	437	(648)	437
Foreign Currency Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(203,156)	(163,960)	(162,137)	(166,251)
Other comprehensive (loss) income before reclassifications		17,638	(17,680)	(15,164)	(15,389)
Amounts reclassified from OCI		(422)	0	(8,639)	0
Ending balance		$ (185,940)	$ (181,640)	$ (185,940)	$ (181,640)
[1]	Cash Flow Hedges and Pension Items are net of tax.

Subsequent Events (Details)

Subsequent Events (Details)	Oct. 15, 2020$ / shares
Subsequent Events [Abstract]
Dividend declared date	Oct. 15, 2020
Dividend payable (in dollars per share)	$ 0.39
Dividend payable date	Dec. 1, 2020