Sensient Technologies (SXT) 10-Q 3 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 27, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Document Transition Report	false
Entity File Number	001-07626
Entity Registrant Name	Sensient Technologies Corp
Entity Central Index Key	0000310142
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-0561070
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
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		42,032,761

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF EARNINGS [Abstract]
Revenue	$ 355,521	$ 359,702
Cost of products sold	230,675	244,089
Selling and administrative expenses	72,057	68,716
Operating income	52,789	46,897
Interest expense	2,993	3,433
Earnings before income taxes	49,796	43,464
Income taxes	12,725	11,796
Net earnings	$ 37,071	$ 31,668
Weighted average number of common shares outstanding:
Basic (in shares)	41,865	42,263
Diluted (in shares)	42,148	42,389
Earnings per common share:
Basic (in dollars per share)	$ 0.89	$ 0.75
Diluted (in dollars per share)	0.88	0.75
Dividends declared per common share (in dollars per share)	$ 0.41	$ 0.39

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Comprehensive income	$ 36,834	$ 16,529

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 32,175	$ 25,740
Trade accounts receivable	282,265	261,121
Inventories	422,837	411,635
Prepaid expenses and other current assets	46,081	42,657
Total current assets	783,358	741,153
Other assets	104,439	92,952
Deferred tax assets	25,757	29,901
Intangible assets, net	14,486	14,975
Goodwill	415,328	420,034
Property, Plant, and Equipment:
Land	30,723	31,028
Buildings	314,237	315,207
Machinery and equipment	720,107	715,344
Construction in progress	37,721	32,801
Property, plant, and equipment, gross	1,102,788	1,094,380
Less accumulated depreciation	(657,537)	(647,902)
Property, plant, and equipment, net	445,251	446,478
Total assets	1,788,619	1,745,493
Current Liabilities:
Trade accounts payable	114,858	125,519
Accrued salaries, wages, and withholdings from employees	28,388	40,939
Other accrued expenses	45,903	46,292
Income taxes	17,759	11,016
Short-term borrowings	7,475	8,539
Total current liabilities	214,383	232,305
Deferred tax liabilities	14,178	14,349
Other liabilities	39,902	28,829
Accrued employee and retiree benefits	28,441	28,579
Long-term debt	530,005	503,006
Shareholders' Equity:
Common stock	5,396	5,396
Additional paid-in capital	112,973	111,352
Earnings reinvested in the business	1,650,588	1,630,713
Treasury stock, at cost	(632,382)	(634,408)
Accumulated other comprehensive loss	(174,865)	(174,628)
Total shareholders' equity	961,710	938,425
Total liabilities and shareholders' equity	$ 1,788,619	$ 1,745,493

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net earnings	$ 37,071	$ 31,668
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization	13,056	12,799
Share-based compensation expense	4,163	2,113
Net (gain) loss on assets	(48)	161
Loss on divestitures and other charges	0	1,238
Deferred income taxes	4,211	4,257
Changes in operating assets and liabilities:
Trade accounts receivable	(20,841)	(27,237)
Inventories	(11,901)	27,621
Prepaid expenses and other assets	(11,111)	(13,239)
Accounts payable and other accrued expenses	(10,267)	(6,242)
Accrued salaries, wages, and withholdings from employees	(12,425)	(10,872)
Income taxes	7,063	5,742
Other liabilities	137	955
Net cash (used in) provided by operating activities	(892)	28,964
Cash Flows from Investing Activities:
Acquisition of property, plant, and equipment	(12,736)	(14,244)
Proceeds from sale of assets	89	69
Proceeds from divesture of businesses	0	4,059
Other investing activities	434	286
Net cash used in investing activities	(12,213)	(9,830)
Cash flows from financing activities:
Proceeds from additional borrowings	40,099	21,530
Debt payments	(6,275)	(8,999)
Purchase of treasury stock	0	(11,665)
Dividends paid	(17,211)	(16,535)
Other financing activities	(1,679)	(228)
Net cash provided by (used in) financing activities	14,934	(15,897)
Effect of exchange rate changes on cash and cash equivalents	4,606	(7)
Net increase in cash and cash equivalents	6,435	3,230
Cash and cash equivalents at beginning of period	25,740	24,770
Cash and cash equivalents at end of period	$ 32,175	$ 28,000

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - 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, 2020	$ 5,396	$ 102,909	$ 1,578,662	$ (593,540)	$ (159,091)	$ 934,336
Beginning balance (in shares) at Dec. 31, 2020				11,647,627
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	31,668	$ 0	0	31,668
Other comprehensive loss	0	0	0	0	(15,139)	(15,139)
Cash dividends paid	0	0	(16,535)	0	0	(16,535)
Share-based compensation	0	2,113	0	0	0	2,113
Non-vested stock issued upon vesting	0	(563)	0	$ 563	0	0
Non-vested stock issued upon vesting (in shares)				(11,045)
Benefit plans	0	338	0	$ 756	0	1,094
Benefit plans (in shares)				(14,791)
Purchase of treasury stock	0	0	0	$ (11,665)	0	(11,665)
Purchase of treasury stock (in shares)				151,843
Other	0	(72)	0	$ (154)	0	(226)
Other (in shares)				3,020
Ending balance at Mar. 31, 2021	5,396	104,725	1,593,795	$ (604,040)	(174,230)	925,646
Ending balance (in shares) at Mar. 31, 2021				11,776,654
Beginning balance at Dec. 31, 2021	5,396	111,352	1,630,713	$ (634,408)	(174,628)	938,425
Beginning balance (in shares) at Dec. 31, 2021				12,107,549
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	37,071	$ 0	0	37,071
Other comprehensive loss	0	0	0	0	(237)	(237)
Cash dividends paid	0	0	(17,211)	0	0	(17,211)
Share-based compensation	0	4,163	0	0	0	4,163
Non-vested stock issued upon vesting	0	(2,478)	0	$ 2,478	0	0
Non-vested stock issued upon vesting (in shares)				(47,298)
Benefit plans	0	560	0	$ 618	0	1,178
Benefit plans (in shares)				(11,786)
Other	0	(624)	15	$ (1,070)	0	(1,679)
Other (in shares)				20,403
Ending balance at Mar. 31, 2022	$ 5,396	$ 112,973	$ 1,650,588	$ (632,382)	$ (174,865)	$ 961,710
Ending balance (in shares) at Mar. 31, 2022				12,068,868

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY [Abstract]
Cash dividends per share (in dollars per share)	$ 0.41	$ 0.39

Accounting Policies

Accounting Policies	3 Months Ended
	Mar. 31, 2022
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 31, 2022, and the results of operations, comprehensive income, cash flows, and shareholders’ equity for the three months ended March 31, 2022 and 2021. 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. Certain prior period amounts disclosed have been reclassified to conform to the current period presentation. Recently Issued Accounting Pronouncements In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Please refer to the notes in the Company’s annual consolidated financial statements for the year ended December 31, 2021, for additional details of the Company’s financial condition and a description of the Company’s accounting policies, which have been continued without change.

Divestitures

Divestitures	3 Months Ended
	Mar. 31, 2022
Divestitures [Abstract]
Divestitures	2. Divestitures On June 30, 2020, the Company completed the sale of its inks product line. On September 18, 2020, the Company completed the sale of its yogurt fruit preparations product line. This sale also included an earnout based on future performance, which could result in additional cash consideration for the Company. On April 1, 2021, the Company completed the sale of its fragrances product line (excluding its essential oils product line) for $36.3 million of net cash. The Company reports all costs associated with the divestitures in Corporate & Other. There were no costs associated with the divestitures for the three months ended March 31, 2022. The following table summarizes the divestiture & other related costs for the three months ended March 31, 2021: (In thousands) Yogurt Fruit Preparations Fragrances Inks Corporate & Other Total Non-cash charges – Cost of products sold $ - $ 34 $ (9 ) $ - $ 25 Other costs - Selling and administrative expenses (1) 265 1,014 (107 ) 375 1,547 Total $ 265 $ 1,048 $ (116 ) $ 375 $ 1,572 (1) Other costs – Selling and administrative expenses include environmental remediation, employee separation costs, professional services, accelerated depreciation, and other related costs. In March 2020, the Company was notified by the 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, the Company recorded $0.3 million related to these obligations in Selling and Administrative Expenses

Operational Improvement Plan

Operational Improvement Plan	3 Months Ended
	Mar. 31, 2022
Operational Improvement Plan [Abstract]
Operational Improvement Plan	3. Operational Improvement Plan During the third quarter of 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 combined its New Jersey cosmetics manufacturing facility in the Personal Care product line of the Color segment into its existing Color segment facility in Missouri. In addition, the Company centralized certain Flavors & Extracts segment support functions in Europe into one location. In the Asia Pacific segment, the Company incurred costs in connection with the elimination of certain selling and administrative positions. The Company reports all costs and income associated with the Operational Improvement Plan in Corporate & Other. There were no costs associated with the Operational Improvement Plan for the three months ended March 31, 2022. The following table summarizes the Operational Improvement Plan expenses recorded in Selling and Administrative Expenses (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Employee separation costs $ (19 ) $ 54 $ (44 ) $ (9 ) Other costs (1) - 1,009 1 1,010 Total $ (19 ) $ 1,063 $ (43 ) $ 1,001 (1) Other costs include professional services, accelerated depreciation, and other related costs. As of March 31, 2022 and December 31 2021, accrued liabilities in Other Accrued Expenses

Acquisition

Acquisition	3 Months Ended
	Mar. 31, 2022
Acquisition [Abstract]
Acquisition	4. Acquisition On July 15, 2021, the Company acquired substantially all of the assets of Flavor Solutions, Inc.

Trade Accounts Receivable

Trade Accounts Receivable	3 Months Ended
	Mar. 31, 2022
Trade Accounts Receivable [Abstract]
Trade Accounts Receivable	5. 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-19. Currently, the COVID-19 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 one 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 three month periods ended March 31, 2022 and 2021: (In thousands) Three Months Ended March 31, 2022 Allowance for Doubtful Accounts Balance at December 31, 2021 $ 4,877 Provision for expected credit losses 285 Accounts written off (367 ) Translation and other activity 117 Balance at March 31, 2022 $ 4,912 (In thousands) Three Months Ended March 31, 2021 Allowance for Doubtful Accounts Balance at December 31, 2020 $ 3,891 Provision for expected credit losses 156 Accounts written off (353 ) Translation and other activity (80 ) Balance at March 31, 2021 $ 3,614

Inventories

Inventories	3 Months Ended
	Mar. 31, 2022
Inventories [Abstract]
Inventories	6. Inventories At March 31, 2022, and December 31, 2021, inventories included finished and in-process products totaling $279.4 million and $280.2 million, respectively, and raw materials and supplies of $143.4 million and $131.4 million, respectively.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2022
Fair Value [Abstract]
Fair Value	7. Fair Value Accounting Standards Codification 820, Fair Value Measurement

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Information [Abstract]
Segment Information	8. Segment Information The Company evaluates performance based on operating income before divestiture & other related costs, share-based compensation, 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 Statements of Earnings, and intersegment sales, which are accounted for at prices that approximate market prices and are eliminated in consolidation. The Company determines its operating segments based on information utilized by its chief operating decision maker to allocate resources and assess performance. The Company’s three reportable segments are the Flavors & Extracts and Color segments, which are both managed on a product line basis, and the Asia Pacific segment, which is managed on a geographic basis. The Company’s Flavors & Extracts segment produces flavor, extracts and essential oils products that impart a desired taste, texture, aroma, and/or other characteristics to a broad range of consumer and other products. The Color segment produces natural and synthetic color systems for use in foods, beverages, pharmaceuticals, and nutraceuticals; colors and other ingredients for cosmetics, such as active ingredients, solubilizers, and surface treated pigments; pharmaceutical and nutraceutical excipients, such as colors, flavors, coatings, and nutraceutical ingredients; and technical colors for industrial applications. The Asia Pacific segment is managed on a geographic basis and produces and distributes color and flavor products for the Asia Pacific countries. The Company’s corporate expenses, divestiture & other related costs, share-based compensation, operational improvement plan expenses, and other costs are included in the “Corporate & Other” category. Divestiture & other related costs and restructuring and other costs, including the Operational Improvement Plan costs, for the three months ended March 31, 2021, are further described in Note 2, Divestitures Operational Improvement Plan, Operating results by segment for the periods presented are as follows: (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Consolidated Three months ended March 31 2022 Revenue from external customers $ 175,202 $ 143,928 $ 36,391 $ - $ 355,521 Intersegment revenue 7,525 4,510 74 - 12,109 Total revenue $ 182,727 $ 148,438 $ 36,465 $ - $ 367,630 Operating income (loss) $ 27,579 $ 30,657 $ 8,204 $ (13,651 ) $ 52,789 Interest expense - - - 2,993 2,993 Earnings (loss) before income taxes $ 27,579 $ 30,657 $ 8,204 $ (16,644 ) $ 49,796 Three months ended March 31 2021 Revenue from external customers $ 194,661 $ 131,201 $ 33,840 $ - $ 359,702 Intersegment revenue 6,250 4,519 - - 10,769 Total revenue $ 200,911 $ 135,720 $ 33,840 $ - $ 370,471 Operating income (loss) $ 27,018 $ 26,594 $ 6,752 $ (13,467 ) $ 46,897 Interest expense - - - 3,433 3,433 Earnings (loss) before income taxes $ 27,018 $ 26,594 $ 6,752 $ (16,900 ) $ 43,464 Product Lines (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended March 31 2022 Flavors, Extracts & Flavor Ingredients $ 126,518 $ - $ - $ 126,518 Natural Ingredients 56,209 - - 56,209 Food & Pharmaceutical Colors - 103,109 - 103,109 Personal Care - 44,846 - 44,846 Inks - 483 - 483 Asia Pacific - - 36,465 36,465 Intersegment Revenue (7,525 ) (4,510 ) (74 ) (12,109 ) Total revenue from external customers $ 175,202 $ 143,928 $ 36,391 $ 355,521 Three months ended March 31 2021 Flavors, Extracts & Flavor Ingredients $ 113,818 $ - $ - $ 113,818 Natural Ingredients 62,204 - - 62,204 Fragrances 22,739 - - 22,739 Yogurt Fruit Preparations 2,150 - - 2,150 Food & Pharmaceutical Colors - 93,785 - 93,785 Personal Care - 41,515 - 41,515 Inks - 420 - 420 Asia Pacific - - 33,840 33,840 Intersegment Revenue (6,250 ) (4,519 ) - (10,769 ) Total revenue from external customers $ 194,661 $ 131,201 $ 33,840 $ 359,702 Geographic Markets (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended March 31 2022 North America $ 126,702 $ 69,928 $ 58 $ 196,688 Europe 32,605 41,978 81 74,664 Asia Pacific 9,737 16,016 33,982 59,735 Other 6,158 16,006 2,270 24,434 Total revenue from external customers $ 175,202 $ 143,928 $ 36,391 $ 355,521 Three months ended March 31 2021 North America $ 129,643 $ 63,670 $ 25 $ 193,338 Europe 44,568 37,278 22 81,868 Asia Pacific 9,717 14,838 32,558 57,113 Other 10,733 15,415 1,235 27,383 Total revenue from external customers $ 194,661 $ 131,201 $ 33,840 $ 359,702

Retirement Plans

Retirement Plans	3 Months Ended
	Mar. 31, 2022
Retirement Plans [Abstract]
Retirement Plans	9. 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) 2022 2021 Service cost $ 408 $ 436 Interest cost 244 212 Expected return on plan assets (205 ) (184 ) Recognized actuarial loss 12 69 Total defined benefit expense $ 459 $ 533 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, 2022
Derivative Instruments and Hedging Activity [Abstract]
Derivative Instruments and Hedging Activity	10. 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 March 31, 2022 and 2021 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 March 31, 2022 and December 31, 2021 March 31, 2022 and 2021,

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Taxes [Abstract]
Income Taxes	11. Income Taxes The effective income tax ra tes for the three months ended March 31, 2022 and 2021, were 25.6% and 27.1%, respectively. The effective tax rates for the three months ended March 31, 2022 and 2021 were both impacted by changes in estimates associated with the finalization of prior year foreign tax items and the mix of foreign earnings.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2022
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	12. Accumulated Other Comprehensive Income The following table summarizes the changes in OCI during the three month periods ended March 31, 2022 and 2021: (In thousands) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balances at December 31, 2021 $ 206 $ (353 ) $ (174,481 ) $ (174,628 ) Other comprehensive income (loss) before reclassifications 242 - (145 ) 97 Amounts reclassified from OCI (342 ) 8 - (334 ) Balances at March 31, 2022 $ 106 $ (345 ) $ (174,626 ) $ (174,865 ) (In thousands) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balances at December 31, 2020 $ 749 $ (1,965 ) $ (157,875 ) $ (159,091 ) Other comprehensive income (loss) before reclassifications 720 - (15,623 ) (14,903 ) Amounts reclassified from OCI (289 ) 52 1 (236 ) Balances at March 31, 2021 $ 1,180 $ (1,913 ) $ (173,497 ) $ (174,230 ) (1) Cash Flow Hedges and Pension Items are net of tax.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies [Abstract]
Commitments and Contingencies	13. 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 requested discretionary appellate review of this decision. The Court of Appeal of the State of California, Fifth Appellate District granted SNI’s application on February 19, 2021 and ordered briefing by 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. Ms. Kelley has amended her original pleading, asserting the same causes of action, to which SNI has filed a responsive 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 filed its Answer and Affirmative Defenses, and the parties entered the discovery phase of the case. On May 20, 2021, however, Ms. Bryan filed a Request for Dismissal of her action, without prejudice. On April 26, 2021, prior to the filing of the above-referenced Notice of Dismissal, the same law firm filed an additional notice with the State of California of the intent to pursue a claim on a representative basis pursuant to PAGA. This notice was served on behalf of Patrick Walters, an employee of SNI. The notice states the intent to pursue relief on behalf of Mr. Walters 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. The notice alleges that SNI failed to properly pay Mr. Walters 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 July 30, 2021, Mr. Walters filed a Complaint in Merced County Superior Court asserting the claims set forth in his PAGA notice. SNI filed its Answer and Affirmative Defenses in response. Ms. Kelley and Mr. Walters have agreed to attempt a joint mediation with Ms. Sofia Rodriguez (see case description below), which is scheduled for August 2022. SNI intends to vigorously defend its interests in both the Kelley and Walters matters, absent a reasonable resolution. Sofia Rodriguez v. Sensient Natural Ingredients LLC and One Source Staffing Solutions, Inc. On June 10, 2021, Sofia Rodriguez filed notice with the State of California of the intent to pursue a claim on a representative basis pursuant to PAGA. The notice was served on behalf of Ms. Rodriguez, who worked at SNI through One Source Staffing Solutions, Inc. for five months in 2020. The notice states the intent to pursue relief on behalf of Ms. Rodriguez as well as other alleged aggrieved employees, identified as all non-exempt employees who worked for Defendants in the State of California, and who were paid on an hourly basis. The notice alleges that SNI failed to allow Ms. Rodriguez and the other alleged aggrieved employees to take statutorily required meal and rest periods. The notice further alleges that Defendants suffered and permitted Ms. Rodriguez and other alleged aggrieved employees to work off the clock, failed to pay for all hours worked, failed to properly provide or compensate for minimum and overtime wages, failed to issue compliant wage statements, and failed to pay wages owed upon termination of employment, in violation of the California Labor Code. Ms. Rodriguez also asserts that she was taken off the schedule and not returned to work after complaining about the alleged wage and hour violations set forth in the PAGA notice. On August 17, 2021, Ms. Rodriguez filed a Complaint in Stanislaus County Superior Court asserting the claims set forth in her PAGA notice. SNI filed its Answer and Affirmative Defenses in response. Ms. Rodriguez has agreed to attempt a joint mediation with Ms. Monique Kelley and Mr. Patrick Walters (see case descriptions above), which is scheduled for August 2022. SNI intends to vigorously defend its interests in the Rodriguez matter, 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,

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2022
Subsequent Event [Abstract]
Subsequent Event	14. Subsequent Event On April 28, 2022, the Company announced its quarterly dividend of $0.41 per share would be payable on June 1, 2022.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Please refer to the notes in the Company’s annual consolidated financial statements for the year ended December 31, 2021, for additional details of the Company’s financial condition and a description of the Company’s accounting policies, which have been continued without change.

Divestitures (Tables)

Divestitures (Tables)	3 Months Ended
	Mar. 31, 2022
Divestitures [Abstract]
Divestiture and Other Related Costs	The following table summarizes the divestiture & other related costs for the three months ended March 31, 2021: (In thousands) Yogurt Fruit Preparations Fragrances Inks Corporate & Other Total Non-cash charges – Cost of products sold $ - $ 34 $ (9 ) $ - $ 25 Other costs - Selling and administrative expenses (1) 265 1,014 (107 ) 375 1,547 Total $ 265 $ 1,048 $ (116 ) $ 375 $ 1,572 (1) Other costs – Selling and administrative expenses include environmental remediation, employee separation costs, professional services, accelerated depreciation, and other related costs.

Operational Improvement Plan (T

Operational Improvement Plan (Tables)	3 Months Ended
	Mar. 31, 2022
Operational Improvement Plan [Abstract]
Operational Improvement Plan Costs by Segment	The following table summarizes the Operational Improvement Plan expenses recorded in Selling and Administrative Expenses (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Employee separation costs $ (19 ) $ 54 $ (44 ) $ (9 ) Other costs (1) - 1,009 1 1,010 Total $ (19 ) $ 1,063 $ (43 ) $ 1,001 (1) Other costs include professional services, accelerated depreciation, and other related costs.

Trade Accounts Receivable (Tabl

Trade Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2022
Trade Accounts Receivable [Abstract]
Changes in Allowance for Doubtful Accounts	The following table summarizes the changes in the allowance for doubtful accounts during the three month periods ended March 31, 2022 and 2021: (In thousands) Three Months Ended March 31, 2022 Allowance for Doubtful Accounts Balance at December 31, 2021 $ 4,877 Provision for expected credit losses 285 Accounts written off (367 ) Translation and other activity 117 Balance at March 31, 2022 $ 4,912 (In thousands) Three Months Ended March 31, 2021 Allowance for Doubtful Accounts Balance at December 31, 2020 $ 3,891 Provision for expected credit losses 156 Accounts written off (353 ) Translation and other activity (80 ) Balance at March 31, 2021 $ 3,614

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31 2022 Revenue from external customers $ 175,202 $ 143,928 $ 36,391 $ - $ 355,521 Intersegment revenue 7,525 4,510 74 - 12,109 Total revenue $ 182,727 $ 148,438 $ 36,465 $ - $ 367,630 Operating income (loss) $ 27,579 $ 30,657 $ 8,204 $ (13,651 ) $ 52,789 Interest expense - - - 2,993 2,993 Earnings (loss) before income taxes $ 27,579 $ 30,657 $ 8,204 $ (16,644 ) $ 49,796 Three months ended March 31 2021 Revenue from external customers $ 194,661 $ 131,201 $ 33,840 $ - $ 359,702 Intersegment revenue 6,250 4,519 - - 10,769 Total revenue $ 200,911 $ 135,720 $ 33,840 $ - $ 370,471 Operating income (loss) $ 27,018 $ 26,594 $ 6,752 $ (13,467 ) $ 46,897 Interest expense - - - 3,433 3,433 Earnings (loss) before income taxes $ 27,018 $ 26,594 $ 6,752 $ (16,900 ) $ 43,464
Product Information	Product Lines (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended March 31 2022 Flavors, Extracts & Flavor Ingredients $ 126,518 $ - $ - $ 126,518 Natural Ingredients 56,209 - - 56,209 Food & Pharmaceutical Colors - 103,109 - 103,109 Personal Care - 44,846 - 44,846 Inks - 483 - 483 Asia Pacific - - 36,465 36,465 Intersegment Revenue (7,525 ) (4,510 ) (74 ) (12,109 ) Total revenue from external customers $ 175,202 $ 143,928 $ 36,391 $ 355,521 Three months ended March 31 2021 Flavors, Extracts & Flavor Ingredients $ 113,818 $ - $ - $ 113,818 Natural Ingredients 62,204 - - 62,204 Fragrances 22,739 - - 22,739 Yogurt Fruit Preparations 2,150 - - 2,150 Food & Pharmaceutical Colors - 93,785 - 93,785 Personal Care - 41,515 - 41,515 Inks - 420 - 420 Asia Pacific - - 33,840 33,840 Intersegment Revenue (6,250 ) (4,519 ) - (10,769 ) Total revenue from external customers $ 194,661 $ 131,201 $ 33,840 $ 359,702
Geographical Information	Geographic Markets (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended March 31 2022 North America $ 126,702 $ 69,928 $ 58 $ 196,688 Europe 32,605 41,978 81 74,664 Asia Pacific 9,737 16,016 33,982 59,735 Other 6,158 16,006 2,270 24,434 Total revenue from external customers $ 175,202 $ 143,928 $ 36,391 $ 355,521 Three months ended March 31 2021 North America $ 129,643 $ 63,670 $ 25 $ 193,338 Europe 44,568 37,278 22 81,868 Asia Pacific 9,717 14,838 32,558 57,113 Other 10,733 15,415 1,235 27,383 Total revenue from external customers $ 194,661 $ 131,201 $ 33,840 $ 359,702

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2022
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) 2022 2021 Service cost $ 408 $ 436 Interest cost 244 212 Expected return on plan assets (205 ) (184 ) Recognized actuarial loss 12 69 Total defined benefit expense $ 459 $ 533

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2022
Accumulated Other Comprehensive Income [Abstract]
Changes in OCI	The following table summarizes the changes in OCI during the three month periods ended March 31, 2022 and 2021: (In thousands) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balances at December 31, 2021 $ 206 $ (353 ) $ (174,481 ) $ (174,628 ) Other comprehensive income (loss) before reclassifications 242 - (145 ) 97 Amounts reclassified from OCI (342 ) 8 - (334 ) Balances at March 31, 2022 $ 106 $ (345 ) $ (174,626 ) $ (174,865 ) (In thousands) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balances at December 31, 2020 $ 749 $ (1,965 ) $ (157,875 ) $ (159,091 ) Other comprehensive income (loss) before reclassifications 720 - (15,623 ) (14,903 ) Amounts reclassified from OCI (289 ) 52 1 (236 ) Balances at March 31, 2021 $ 1,180 $ (1,913 ) $ (173,497 ) $ (174,230 ) (1) Cash Flow Hedges and Pension Items are net of tax.

Divestitures (Details)

Divestitures (Details) - USD ($) $ in Thousands		Apr. 01, 2021	Mar. 31, 2022	Mar. 31, 2021
Divestiture of Product Line [Abstract]
Proceed from sale of business			$ 0	$ 4,059
Divestiture & other related costs [Abstract]
Divestiture and other related costs			0	1,572
Corporate & Other [Member]
Divestiture & other related costs [Abstract]
Divestiture and other related costs			$ 0	375
Yogurt Fruit Preparations [Member]
Divestiture & other related costs [Abstract]
Divestiture and other related costs				265
Fragrances [Member]
Divestiture of Product Line [Abstract]
Proceed from sale of business		$ 36,300
Divestiture & other related costs [Abstract]
Divestiture and other related costs				1,048
Inks [Member]
Divestiture & other related costs [Abstract]
Divestiture and other related costs				(116)
Cost of Products Sold [Member]
Divestiture & other related costs [Abstract]
Non-cash charges				25
Cost of Products Sold [Member] | Corporate & Other [Member]
Divestiture & other related costs [Abstract]
Non-cash charges				0
Cost of Products Sold [Member] | Yogurt Fruit Preparations [Member]
Divestiture & other related costs [Abstract]
Non-cash charges				0
Cost of Products Sold [Member] | Fragrances [Member]
Divestiture & other related costs [Abstract]
Non-cash charges				34
Cost of Products Sold [Member] | Inks [Member]
Divestiture & other related costs [Abstract]
Non-cash charges				(9)
Selling & Administrative Expenses [Member]
Divestiture & other related costs [Abstract]
Other costs	[1]			1,547
Divestiture Transactions [Abstract]
Expenses recorded related to environmental obligations				300
Selling & Administrative Expenses [Member] | Corporate & Other [Member]
Divestiture & other related costs [Abstract]
Other costs	[1]			375
Selling & Administrative Expenses [Member] | Yogurt Fruit Preparations [Member]
Divestiture & other related costs [Abstract]
Other costs	[1]			265
Selling & Administrative Expenses [Member] | Fragrances [Member]
Divestiture & other related costs [Abstract]
Other costs	[1]			1,014
Selling & Administrative Expenses [Member] | Inks [Member]
Divestiture & other related costs [Abstract]
Other costs	[1]			$ (107)
[1]	Other costs – Selling and administrative expenses include environmental remediation, employee separation costs, professional services, accelerated depreciation, and other related costs.

Operational Improvement Plan (D

Operational Improvement Plan (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Restructuring Costs [Abstract]
Accrued liabilities		$ 500		$ 800
Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs		0	$ 1,001
Employee Separation Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			(9)
Other Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[1]		1,010
Flavors & Extracts [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			(19)
Flavors & Extracts [Member] | Employee Separation Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			(19)
Flavors & Extracts [Member] | Other Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[1]		0
Color [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			1,063
Color [Member] | Employee Separation Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			54
Color [Member] | Other Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[1]		1,009
Asia Pacific [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			(43)
Asia Pacific [Member] | Employee Separation Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			(44)
Asia Pacific [Member] | Other Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[1]		$ 1
Corporate and Other [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs		$ 0
[1]	Other costs include professional services, accelerated depreciation, and other related costs.

Acquisition (Details)

Acquisition (Details) - USD ($) $ in Thousands	Jul. 15, 2021	Mar. 31, 2022	Dec. 31, 2021
Acquisition [Abstract]
Goodwill		$ 415,328	$ 420,034
Flavor Solutions, Inc. [Member]
Acquisition [Abstract]
Acquisition of new businesses	$ (14,900)
Held back amount of cash	$ 1,000
Post-closing indemnification claims satisfy period	12 months
Net assets acquired	$ 400
Goodwill	9,500
Flavor Solutions, Inc. [Member] | Customer Relationships [Member]
Acquisition [Abstract]
Intangibles assets acquired	$ 5,000

Trade Accounts Receivable (Deta

Trade Accounts Receivable (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)Segment	Mar. 31, 2021USD ($)
Trade Accounts Receivable [Abstract]
Number of portfolio segments | Segment	1
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 4,877	$ 3,891
Provision for expected credit losses	285	156
Accounts written off	(367)	(353)
Translation and other activity	117	(80)
Ending balance	$ 4,912	$ 3,614

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Inventories [Abstract]
Inventories, including finished and in-process products	$ 279.4	$ 280.2
Raw materials and supplies	$ 143.4	$ 131.4

Fair Value (Details)

Fair Value (Details) - Level 2 [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Investments, Fair Value Disclosure [Abstract]
Forward exchange contract, Asset	$ 0.3	$ 0.1
Carrying Value [Member]
Investments, Fair Value Disclosure [Abstract]
Long term debt	530.5	503.5
Fair Value [Member]
Investments, Fair Value Disclosure [Abstract]
Long term debt	$ 537.2	$ 520

Segment Information, Operating

Segment Information, Operating Results by Segment (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)Segment	Mar. 31, 2021USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment	3
Revenue [Abstract]
Revenue	$ 355,521	$ 359,702
Divestiture and other related costs	0	1,572
Operating income (loss)	52,789	46,897
Interest expense	2,993	3,433
Earnings before income taxes	49,796	43,464
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	175,202	194,661
Operating income (loss)	27,579	27,018
Interest expense	0	0
Earnings before income taxes	27,579	27,018
Color [Member]
Revenue [Abstract]
Revenue	143,928	131,201
Operating income (loss)	30,657	26,594
Interest expense	0	0
Earnings before income taxes	30,657	26,594
Asia Pacific [Member]
Revenue [Abstract]
Revenue	36,391	33,840
Operating income (loss)	8,204	6,752
Interest expense	0	0
Earnings before income taxes	8,204	6,752
Corporate and Other [Member]
Revenue [Abstract]
Divestiture and other related costs	0	375
Operational improvement plan costs	0
Reportable Segments [Member]
Revenue [Abstract]
Revenue	367,630	370,471
Reportable Segments [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	182,727	200,911
Reportable Segments [Member] | Color [Member]
Revenue [Abstract]
Revenue	148,438	135,720
Reportable Segments [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	36,465	33,840
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	12,109	10,769
Intersegment Revenue [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	7,525	6,250
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	4,510	4,519
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	74	0
Corporate & Other [Member]
Revenue [Abstract]
Revenue	0	0
Operating income (loss)	(13,651)	(13,467)
Interest expense	2,993	3,433
Earnings before income taxes	$ (16,644)	$ (16,900)

Segment Information, Revenue fr

Segment Information, Revenue from External Customers by Product Line (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue [Abstract]
Revenue	$ 355,521	$ 359,702
Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	126,518	113,818
Natural Ingredients [Member]
Revenue [Abstract]
Revenue	56,209	62,204
Fragrances [Member]
Revenue [Abstract]
Revenue		22,739
Yogurt Fruit Preparations [Member]
Revenue [Abstract]
Revenue		2,150
Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	103,109	93,785
Personal Care [Member]
Revenue [Abstract]
Revenue	44,846	41,515
Inks [Member]
Revenue [Abstract]
Revenue	483	420
Asia Pacific [Member]
Revenue [Abstract]
Revenue	36,465	33,840
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	175,202	194,661
Flavors & Extracts [Member] | Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	126,518	113,818
Flavors & Extracts [Member] | Natural Ingredients [Member]
Revenue [Abstract]
Revenue	56,209	62,204
Flavors & Extracts [Member] | Fragrances [Member]
Revenue [Abstract]
Revenue		22,739
Flavors & Extracts [Member] | Yogurt Fruit Preparations [Member]
Revenue [Abstract]
Revenue		2,150
Color [Member]
Revenue [Abstract]
Revenue	143,928	131,201
Color [Member] | Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	103,109	93,785
Color [Member] | Personal Care [Member]
Revenue [Abstract]
Revenue	44,846	41,515
Color [Member] | Inks [Member]
Revenue [Abstract]
Revenue	483	420
Asia Pacific [Member]
Revenue [Abstract]
Revenue	36,391	33,840
Asia Pacific [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	36,465	33,840
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	12,109	10,769
Intersegment Revenue [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	7,525	6,250
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	4,510	4,519
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	$ 74	$ 0

Segment Information, Revenue _2

Segment Information, Revenue from External Customers by Geographic Markets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue [Abstract]
Revenue	$ 355,521	$ 359,702
North America [Member]
Revenue [Abstract]
Revenue	196,688	193,338
Europe [Member]
Revenue [Abstract]
Revenue	74,664	81,868
Asia Pacific [Member]
Revenue [Abstract]
Revenue	59,735	57,113
Other [Member]
Revenue [Abstract]
Revenue	24,434	27,383
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	175,202	194,661
Color [Member]
Revenue [Abstract]
Revenue	143,928	131,201
Asia Pacific [Member]
Revenue [Abstract]
Revenue	36,391	33,840
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | North America [Member]
Revenue [Abstract]
Revenue	126,702	129,643
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Europe [Member]
Revenue [Abstract]
Revenue	32,605	44,568
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	9,737	9,717
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Other [Member]
Revenue [Abstract]
Revenue	6,158	10,733
Reportable Geographical Components [Member] | Color [Member] | North America [Member]
Revenue [Abstract]
Revenue	69,928	63,670
Reportable Geographical Components [Member] | Color [Member] | Europe [Member]
Revenue [Abstract]
Revenue	41,978	37,278
Reportable Geographical Components [Member] | Color [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	16,016	14,838
Reportable Geographical Components [Member] | Color [Member] | Other [Member]
Revenue [Abstract]
Revenue	16,006	15,415
Reportable Geographical Components [Member] | Asia Pacific [Member] | North America [Member]
Revenue [Abstract]
Revenue	58	25
Reportable Geographical Components [Member] | Asia Pacific [Member] | Europe [Member]
Revenue [Abstract]
Revenue	81	22
Reportable Geographical Components [Member] | Asia Pacific [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	33,982	32,558
Reportable Geographical Components [Member] | Asia Pacific [Member] | Other [Member]
Revenue [Abstract]
Revenue	$ 2,270	$ 1,235

Retirement Plans (Details)

Retirement Plans (Details) - Defined Benefit Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 408	$ 436
Interest cost	244	212
Expected return on plan assets	(205)	(184)
Recognized actuarial loss	12	69
Total defined benefit expense	$ 459	$ 533

Derivative Instruments and He_2

Derivative Instruments and Hedging Activity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
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	$ 35.9		$ 48.7
Foreign Currency Denominated Debt, Net Investment Hedging [Member]
Derivative instruments and hedging activity for the period [Abstract]
Carrying value of foreign denominated debt	281.6		$ 289.5
Impact of foreign exchange rates on debt instruments recorded in other comprehensive income	$ (7.9)	$ (9.6)

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Taxes [Abstract]
Effective income tax rates	25.60%	27.10%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ 938,425	$ 934,336
Other comprehensive income (loss) before reclassifications		97	(14,903)
Amounts reclassified from OCI		(334)	(236)
Ending balance		961,710	925,646
Accumulated Other Comprehensive (Loss) Income [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(174,628)	(159,091)
Ending balance		(174,865)	(174,230)
Cash Flow Hedges [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	206	749
Other comprehensive income (loss) before reclassifications	[1]	242	720
Amounts reclassified from OCI	[1]	(342)	(289)
Ending balance	[1]	106	1,180
Pension Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	(353)	(1,965)
Other comprehensive income (loss) before reclassifications	[1]	0	0
Amounts reclassified from OCI	[1]	8	52
Ending balance	[1]	(345)	(1,913)
Foreign Currency Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(174,481)	(157,875)
Other comprehensive income (loss) before reclassifications		(145)	(15,623)
Amounts reclassified from OCI		0	1
Ending balance		$ (174,626)	$ (173,497)
[1]	Cash Flow Hedges and Pension Items are net of tax.

Commitments and Contingencies (

Commitments and Contingencies (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2020
Commitments and Contingencies [Abstract]
Term in which decision becomes final after issuance	30 days
Number of days available for Agar to file petition	10 days
Employee working period in SNI		5 months

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member]	Apr. 28, 2022$ / shares
Subsequent Event [Abstract]
Dividend declared date	Apr. 28, 2022
Dividend payable (in dollars per share)	$ 0.41
Dividend payable date	Jun. 1, 2022