Sensient Technologies (SXT) 10-Q 2 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Jul. 27, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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		42,037,929

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF EARNINGS [Abstract]
Revenue	$ 371,706	$ 335,827	$ 727,227	$ 695,529
Cost of products sold	240,703	224,233	471,378	468,322
Selling and administrative expenses	75,759	75,841	147,816	144,557
Operating income	55,244	35,753	108,033	82,650
Interest expense	3,083	3,322	6,076	6,755
Earnings (loss) before income taxes	52,161	32,431	101,957	75,895
Income taxes	13,514	6,495	26,239	18,291
Net earnings	$ 38,647	$ 25,936	$ 75,718	$ 57,604
Weighted average number of common shares outstanding:
Basic (in shares)	41,893	42,135	41,879	42,199
Diluted (in shares)	42,208	42,267	42,178	42,328
Earnings per common share:
Basic (in dollars per share)	$ 0.92	$ 0.62	$ 1.81	$ 1.37
Diluted (in dollars per share)	0.92	0.61	1.80	1.36
Dividends declared per common share (in dollars per share)	$ 0.41	$ 0.39	$ 0.82	$ 0.78

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Comprehensive income	$ 10,340	$ 44,245	$ 47,174	$ 60,774

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 25,271	$ 25,740
Trade accounts receivable	295,948	261,121
Inventories	452,161	411,635
Prepaid expenses and other current assets	48,146	42,657
Total current assets	821,526	741,153
Other assets	100,863	92,952
Deferred tax assets	19,620	29,901
Intangible assets, net	13,962	14,975
Goodwill	403,576	420,034
Property, Plant, and Equipment:
Land	29,725	31,028
Buildings	309,609	315,207
Machinery and equipment	710,294	715,344
Construction in progress	49,389	32,801
Property, plant, and equipment, gross	1,099,017	1,094,380
Less accumulated depreciation	(655,342)	(647,902)
Property, plant, and equipment, net	443,675	446,478
Total assets	1,803,222	1,745,493
Current Liabilities:
Trade accounts payable	140,776	125,519
Accrued salaries, wages, and withholdings from employees	35,755	40,939
Other accrued expenses	47,772	46,292
Income taxes	12,989	11,016
Short-term borrowings	26,624	8,539
Total current liabilities	263,916	232,305
Deferred tax liabilities	15,538	14,349
Other liabilities	37,893	28,829
Accrued employee and retiree benefits	28,193	28,579
Long-term debt	498,715	503,006
Shareholders' Equity:
Common stock	5,396	5,396
Additional paid-in capital	116,596	111,352
Earnings reinvested in the business	1,672,000	1,630,713
Treasury stock, at cost	(631,853)	(634,408)
Accumulated other comprehensive loss	(203,172)	(174,628)
Total shareholders' equity	958,967	938,425
Total liabilities and shareholders' equity	$ 1,803,222	$ 1,745,493

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net earnings	$ 75,718	$ 57,604
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization	26,180	25,817
Share-based compensation expense	8,691	4,188
Net (gain) loss on assets	(38)	206
Loss on divestitures and other charges	0	13,511
Deferred income taxes	12,244	1,702
Changes in operating assets and liabilities:
Trade accounts receivable	(41,592)	(26,902)
Inventories	(51,768)	19,357
Prepaid expenses and other assets	(25,919)	(15,573)
Accounts payable and other accrued expenses	20,501	9,632
Accrued salaries, wages, and withholdings from employees	(4,188)	(3,944)
Income taxes	2,765	1,953
Other liabilities	199	1,710
Net cash provided by operating activities	22,793	89,261
Cash Flows from Investing Activities:
Acquisition of property, plant, and equipment	(32,468)	(25,550)
Proceeds from sale of assets	92	169
Proceeds from divestiture of businesses	0	36,255
Other investing activities	1,571	(254)
Net cash (used in) provided by investing activities	(30,805)	10,620
Cash flows from financing activities:
Proceeds from additional borrowings	69,424	25,997
Debt payments	(31,547)	(62,578)
Purchase of treasury stock	0	(22,507)
Dividends paid	(34,446)	(33,027)
Other financing activities	(2,056)	(582)
Net cash provided by (used in) financing activities	1,375	(92,697)
Effect of exchange rate changes on cash and cash equivalents	6,168	1,352
Net (decrease) increase in cash and cash equivalents	(469)	8,536
Cash and cash equivalents at beginning of period	25,740	24,770
Cash and cash equivalents at end of period	$ 25,271	$ 33,306

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	57,604	$ 0	0	57,604
Other comprehensive income (loss)	0	0	0	0	3,170	3,170
Cash dividends paid	0	0	(33,027)	0	0	(33,027)
Share-based compensation	0	4,188	0	0	0	4,188
Non-vested stock issued upon vesting	0	(1,264)	0	$ 1,264	0	0
Non-vested stock issued upon vesting (in shares)				(24,711)
Benefit plans	0	338	0	$ 756	0	1,094
Benefit plans (in shares)				(14,791)
Purchase of treasury stock	0	0	0	$ (22,507)	0	(22,507)
Purchase of treasury stock (in shares)				276,993
Other	0	(204)	0	$ (377)	0	(581)
Other (in shares)				7,379
Ending balance at Jun. 30, 2021	5,396	105,967	1,603,239	$ (614,404)	(155,921)	944,277
Ending balance (in shares) at Jun. 30, 2021				11,892,497
Beginning balance at Mar. 31, 2021	5,396	104,725	1,593,795	$ (604,040)	(174,230)	925,646
Beginning balance (in shares) at Mar. 31, 2021				11,776,654
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	25,936	$ 0	0	25,936
Other comprehensive income (loss)	0	0	0	0	18,309	18,309
Cash dividends paid	0	0	(16,492)	0	0	(16,492)
Share-based compensation	0	2,075	0	0	0	2,075
Non-vested stock issued upon vesting	0	(701)	0	$ 701	0	0
Non-vested stock issued upon vesting (in shares)				(13,666)
Purchase of treasury stock	0	0	0	$ (10,842)	0	(10,842)
Purchase of treasury stock (in shares)				125,150
Other	0	(132)	0	$ (223)	0	(355)
Other (in shares)				4,359
Ending balance at Jun. 30, 2021	5,396	105,967	1,603,239	$ (614,404)	(155,921)	944,277
Ending balance (in shares) at Jun. 30, 2021				11,892,497
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	75,718	$ 0	0	75,718
Other comprehensive income (loss)	0	0	0	0	(28,544)	(28,544)
Cash dividends paid	0	0	(34,446)	0	0	(34,446)
Share-based compensation	0	8,691	0	0	0	8,691
Non-vested stock issued upon vesting	0	(3,239)	0	$ 3,239	0	0
Non-vested stock issued upon vesting (in shares)				(61,821)
Benefit plans	0	560	0	$ 618	0	1,178
Benefit plans (in shares)				(11,786)
Other	0	(768)	15	$ (1,302)	0	(2,055)
Other (in shares)				24,831
Ending balance at Jun. 30, 2022	5,396	116,596	1,672,000	$ (631,853)	(203,172)	958,967
Ending balance (in shares) at Jun. 30, 2022				12,058,773
Beginning balance at Mar. 31, 2022	5,396	112,973	1,650,588	$ (632,382)	(174,865)	961,710
Beginning balance (in shares) at Mar. 31, 2022				12,068,868
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	38,647	$ 0	0	38,647
Other comprehensive income (loss)	0	0	0	0	(28,307)	(28,307)
Cash dividends paid	0	0	(17,235)	0	0	(17,235)
Share-based compensation	0	4,528	0	0	0	4,528
Non-vested stock issued upon vesting	0	(761)	0	$ 761	0	0
Non-vested stock issued upon vesting (in shares)				(14,523)
Other	0	(144)	0	$ (232)	0	(376)
Other (in shares)				4,428
Ending balance at Jun. 30, 2022	$ 5,396	$ 116,596	$ 1,672,000	$ (631,853)	$ (203,172)	$ 958,967
Ending balance (in shares) at Jun. 30, 2022				12,058,773

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY [Abstract]
Cash dividends per share (in dollars per share)	$ 0.41	$ 0.39	$ 0.82	$ 0.78

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 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 June 30, 2022, and the results of operations, comprehensive income, and shareholders’ equity for the three and six months ended June 30, 2022 and 2021, and cash flows for the six months ended June 30, 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. 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022. The following table summarizes the divestiture & other related costs for the three months ended June 30, 2021: (In thousands) Yogurt Fruit Preparations Fragrances Inks Corporate & Other Total Non-cash impairment charges – Selling and administrative expenses $ - $ 1,062 $ - $ - $ 1,062 Non-cash charges – Cost of products sold - 3 - - 3 Reclassification of foreign currency translation and related items – Selling and administrative expenses - 10,193 - - 10,193 Other costs - Selling and administrative expenses (1) 264 202 (98 ) 62 430 Total $ 264 $ 11,460 $ (98 ) $ 62 $ 11,688 (1) Other costs – Selling and administrative expenses include employee separation costs, professional services, accelerated depreciation, and other related costs. T he following table summarizes the divestiture & other related costs for the six months ended June 30, 2021 (In thousands) Yogurt Fruit Preparations Fragrances Inks Corporate & Other Total Non-cash impairment charges – Selling and administrative expenses $ - $ 1,062 $ - $ - $ 1,062 Non-cash charges – Cost of products sold - 37 (9 ) - 28 Reclassification of foreign currency translation and related items – Selling and administrative expenses - 10,193 - - 10,193 Other costs - Selling and administrative expenses (1) 529 1,216 (205 ) 437 1,977 Total $ 529 $ 12,508 $ (214 ) $ 437 $ 13,260 (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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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 $ 3 $ 26 $ (24 ) $ 5 Other income (1) - (3,624 ) - (3,624 ) Other costs (2) - 125 - 125 Total expense (income) $ 3 $ (3,473 ) $ (24 ) $ (3,494 ) (1) Other income includes cash received for the early termination of a lease less associated expenses. (2) Other costs include professional services, accelerated depreciation, and other related costs. The following table summarizes the Operational Improvement Plan expenses recorded in Selling and Administrative Expenses Flavors & Extracts Color Asia Pacific Consolidated Employee separation costs $ (16 ) $ 80 $ (68 ) $ (4 ) Other income (1) - (3,624 ) - (3,624 ) Other costs (2) - 1,134 1 1,135 Total expense (income) $ (16 ) $ (2,410 ) $ (67 ) $ (2,493 ) (1) Other income includes cash received for the early termination of a lease less associated expenses. (2) Other costs include professional services, accelerated depreciation, and other related costs. As of June 30, 2022 and December 31 2021, accrued liabilities in Other Accrued Expenses .

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 and six month periods ended June 30, 2022 and 2021: (In thousands) Three Months Ended June 30, 2022 Allowance for Doubtful Accounts Balance at March 31, 2022 $ 4,912 Provision for expected credit losses 547 Accounts written off (729 ) Translation and other activity (236 ) Balance at June 30, 2022 $ 4,494 (In thousands) Three Months Ended June 30, 2021 Allowance for Doubtful Accounts Balance at March 31, 2021 $ 3,614 Provision for expected credit losses 138 Accounts written off (20 ) Translation and other activity 17 Balance at June 30, 2021 $ 3,749 (In thousands) Six Months Ended June 30, 2022 Allowance for Doubtful Accounts Balance at December 31, 2021 $ 4,877 Provision for expected credit losses 832 Accounts written off (1,096 ) Translation and other activity (119 ) Balance at June 30, 2022 $ 4,494 (In thousands) Six Months Ended June 30, 2021 Allowance for Doubtful Accounts Balance at December 31, 2020 $ 3,891 Provision for expected credit losses 294 Accounts written off (373 ) Translation and other activity (63 ) Balance at June 30, 2021 $ 3,749

Inventories

Inventories	6 Months Ended
	Jun. 30, 2022
Inventories [Abstract]
Inventories	6. Inventories At June 30, 2022, and December 31, 2021, inventories included finished and in-process products totaling $294.4 million and $280.2 million, respectively, and raw materials and supplies of $157.7 million and $131.4 million, respectively.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2022
Fair Value [Abstract]
Fair Value	7. Fair Value Accounting Standards Codification 820, Fair Value Measurement

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 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 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 and six months ended June 30, 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 June 30 2022 Revenue from external customers $ 182,415 $ 152,070 $ 37,221 $ - $ 371,706 Intersegment revenue 6,922 4,198 107 - 11,227 Total revenue $ 189,337 $ 156,268 $ 37,328 $ - $ 382,933 Operating income (loss) $ 30,013 $ 31,178 $ 7,721 $ (13,668 ) $ 55,244 Interest expense - - - 3,083 3,083 Earnings (loss) before income taxes $ 30,013 $ 31,178 $ 7,721 $ (16,751 ) $ 52,161 Three months ended June 30 2021 Revenue from external customers $ 174,699 $ 128,830 $ 32,298 $ - $ 335,827 Intersegment revenue 4,702 4,377 19 - 9,098 Total revenue $ 179,401 $ 133,207 $ 32,317 $ - $ 344,925 Operating income (loss) $ 24,536 $ 25,615 $ 5,793 $ (20,191 ) $ 35,753 Interest expense - - - 3,322 3,322 Earnings (loss) before income taxes $ 24,536 $ 25,615 $ 5,793 $ (23,513 ) $ 32,431 (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Consolidated Six June 30 2022 Revenue from external customers $ 357,617 $ 295,998 $ 73,612 $ - $ 727,227 Intersegment revenue 14,447 8,708 181 - 23,336 Total revenue $ 372,064 $ 304,706 $ 73,793 $ - $ 750,563 Operating income (loss) $ 57,592 $ 61,835 $ 15,925 $ (27,319 ) $ 108,033 Interest expense - - - 6,076 6,076 Earnings (loss) before income taxes $ 57,592 $ 61,835 $ 15,925 $ (33,395 ) $ 101,957 Six June 30 2021 Revenue from external customers $ 369,360 $ 260,031 $ 66,138 $ - $ 695,529 Intersegment revenue 10,952 8,896 19 - 19,867 Total revenue $ 380,312 $ 268,927 $ 66,157 $ - $ 715,396 Operating income (loss) $ 51,554 $ 52,209 $ 12,545 $ (33,658 ) $ 82,650 Interest expense - - - 6,755 6,755 Earnings (loss) before income taxes $ 51,554 $ 52,209 $ 12,545 $ (40,413 ) $ 75,895 Product Lines (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended June 30 2022 Flavors, Extracts & Flavor Ingredients $ 130,578 $ - $ - $ 130,578 Natural Ingredients 58,759 - - 58,759 Food & Pharmaceutical Colors - 113,784 - 113,784 Personal Care - 42,116 - 42,116 Inks - 368 - 368 Asia Pacific - - 37,328 37,328 Intersegment Revenue (6,922 ) (4,198 ) (107 ) (11,227 ) Total revenue from external customers $ 182,415 $ 152,070 $ 37,221 $ 371,706 Three months ended June 30 2021 Flavors, Extracts & Flavor Ingredients $ 117,684 $ - $ - $ 117,684 Natural Ingredients 60,302 - - 60,302 Yogurt Fruit Preparations 1,415 - - 1,415 Food & Pharmaceutical Colors - 94,092 - 94,092 Personal Care - 38,323 - 38,323 Inks - 792 - 792 Asia Pacific - - 32,317 32,317 Intersegment Revenue (4,702 ) (4,377 ) (19 ) (9,098 ) Total revenue from external customers $ 174,699 $ 128,830 $ 32,298 $ 335,827 (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Six June 30 2022 Flavors, Extracts & Flavor Ingredients $ 257,096 $ - $ - $ 257,096 Natural Ingredients 114,968 - - 114,968 Food & Pharmaceutical Colors - 216,893 - 216,893 Personal Care - 86,962 - 86,962 Inks - 851 - 851 Asia Pacific - - 73,793 73,793 Intersegment Revenue (14,447 ) (8,708 ) (181 ) (23,336 ) Total revenue from external customers $ 357,617 $ 295,998 $ 73,612 $ 727,227 Six months ended June 30, 2021: Flavors, Extracts & Flavor Ingredients $ 231,502 $ - $ - $ 231,502 Natural Ingredients 122,506 - - 122,506 Fragrances 22,739 - - 22,739 Yogurt Fruit Preparations 3,565 - - 3,565 Food & Pharmaceutical Colors - 187,877 - 187,877 Personal Care - 79,838 - 79,838 Inks - 1,212 - 1,212 Asia Pacific - - 66,157 66,157 Intersegment Revenue (10,952 ) (8,896 ) (19 ) (19,867 ) Total revenue from external customers $ 369,360 $ 260,031 $ 66,138 $ 695,529 Geographic Markets (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended June 30 2022 North America $ 138,885 $ 79,360 $ 2 $ 218,247 Europe 31,165 39,615 50 70,830 Asia Pacific 6,800 16,413 36,807 60,020 Other 5,565 16,682 362 22,609 Total revenue from external customers $ 182,415 $ 152,070 $ 37,221 $ 371,706 Three months ended June 30 2021 North America $ 128,665 $ 57,264 $ 37 $ 185,966 Europe 32,654 37,906 54 70,614 Asia Pacific 8,161 18,543 31,794 58,498 Other 5,219 15,117 413 20,749 Total revenue from external customers $ 174,699 $ 128,830 $ 32,298 $ 335,827 (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Six June 30 2022 North America $ 265,587 $ 149,288 $ 60 $ 414,935 Europe 63,770 81,593 131 145,494 Asia Pacific 16,537 32,429 70,789 119,755 Other 11,723 32,688 2,632 47,043 Total revenue from external customers $ 357,617 $ 295,998 $ 73,612 $ 727,227 Six June 30 2021 North America $ 258,308 $ 120,934 $ 62 $ 379,304 Europe 77,222 75,184 76 152,482 Asia Pacific 17,878 33,381 64,352 115,611 Other 15,952 30,532 1,648 48,132 Total revenue from external customers $ 369,360 $ 260,031 $ 66,138 $ 695,529

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30 (In thousands) 2022 2021 2022 2021 Service cost $ 407 $ 437 $ 815 $ 873 Interest cost 240 214 484 426 Expected return on plan assets (199 ) (185 ) (404 ) (369 ) Recognized actuarial loss 12 69 24 138 Total defined benefit expense $ 460 $ 535 $ 919 $ 1,068 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	6 Months Ended
	Jun. 30, 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 30, 2022 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 June 30, 2022 and December 31, 2021 June 30, 2022 and 2021, increased debt by For the three and six months ended June 30, 2021, losses of $4.2 million were reclassified into net earnings in the Company’s Consolidated Statement of Earnings related to the Euro net investment hedge in connection with the sale of the fragrances product line. See Note 2, Divestitures

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Taxes [Abstract]
Income Taxes	11. Income Taxes The effective income tax ra tes for the three months ended June 30, 2022 and 2021 were 25.9% and 20.0%, respectively. For the six months ended June 30, 2022 and 2021, the effective income tax rates were 25.7% and 24.1%, respectively. The effective tax rates for the three and six months ended June 30, 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. The three and six months ended June 30, 2021 were also impacted by changes in valuation allowances and an audit settlement.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 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 and six month periods ended June 30, 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 136 - (28,202 ) (28,066 ) Amounts reclassified from OCI (494 ) 16 - (478 ) Balances at June 30 2022 $ (152 ) $ (337 ) $ (202,683 ) $ (203,172 ) (In thousands) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balances at March 31, 2022 $ 106 $ (345 ) $ (174,626 ) $ (174,865 ) Other comprehensive loss before reclassifications (106 ) - (28,057 ) (28,163 ) Amounts reclassified from OCI (152 ) 8 - (144 ) Balances at June 30 2022 $ (152 ) $ (337 ) $ (202,683 ) $ (203,172 ) (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 844 - (7,196 ) (6,352 ) Amounts reclassified from OCI (776 ) 104 10,194 9,522 Balances at June 30 2021 $ 817 $ (1,861 ) $ (154,877 ) $ (155,921 ) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balances at March 31, 2021 $ 1,180 $ (1,913 ) $ (173,497 ) $ (174,230 ) Other comprehensive income before reclassifications 124 - 8,427 8,551 Amounts reclassified from OCI (487 ) 52 10,193 9,758 Balances at June 30 2021 $ 817 $ (1,861 ) $ (154,877 ) $ (155,921 ) (1) Cash Flow Hedges and Pension Items are net of tax.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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; Walters 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 April 26, 2021, the same law firm representing Ms. Kelley 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 agreed to attempt a joint mediation with Ms. Sofia Rodriguez (see case description below), which was scheduled for August 2022. On June 15, 2022, the United States Supreme Court issued its decision in Viking River Cruises, Inc. v. Moriana Viking River Cruises 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 agreed to attempt a joint mediation with Ms. Monique Kelley and Mr. Patrick Walters (see case descriptions above), which was scheduled for August 2022. SNI withdrew its agreement to a joint mediation following the issuance of the decision in Viking River Cruises, Inc. 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	6 Months Ended
	Jun. 30, 2022
Subsequent Event [Abstract]
Subsequent Event	14. Subsequent Event On July 21, 2022, the Company announced its quarterly dividend of $0.41 per share would be payable on September 1, 2022.

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2022
Divestitures [Abstract]
Divestiture and Other Related Costs	The following table summarizes the divestiture & other related costs for the three months ended June 30, 2021: (In thousands) Yogurt Fruit Preparations Fragrances Inks Corporate & Other Total Non-cash impairment charges – Selling and administrative expenses $ - $ 1,062 $ - $ - $ 1,062 Non-cash charges – Cost of products sold - 3 - - 3 Reclassification of foreign currency translation and related items – Selling and administrative expenses - 10,193 - - 10,193 Other costs - Selling and administrative expenses (1) 264 202 (98 ) 62 430 Total $ 264 $ 11,460 $ (98 ) $ 62 $ 11,688 (1) Other costs – Selling and administrative expenses include employee separation costs, professional services, accelerated depreciation, and other related costs. T he following table summarizes the divestiture & other related costs for the six months ended June 30, 2021 (In thousands) Yogurt Fruit Preparations Fragrances Inks Corporate & Other Total Non-cash impairment charges – Selling and administrative expenses $ - $ 1,062 $ - $ - $ 1,062 Non-cash charges – Cost of products sold - 37 (9 ) - 28 Reclassification of foreign currency translation and related items – Selling and administrative expenses - 10,193 - - 10,193 Other costs - Selling and administrative expenses (1) 529 1,216 (205 ) 437 1,977 Total $ 529 $ 12,508 $ (214 ) $ 437 $ 13,260 (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)	6 Months Ended
	Jun. 30, 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 $ 3 $ 26 $ (24 ) $ 5 Other income (1) - (3,624 ) - (3,624 ) Other costs (2) - 125 - 125 Total expense (income) $ 3 $ (3,473 ) $ (24 ) $ (3,494 ) (1) Other income includes cash received for the early termination of a lease less associated expenses. (2) Other costs include professional services, accelerated depreciation, and other related costs. The following table summarizes the Operational Improvement Plan expenses recorded in Selling and Administrative Expenses Flavors & Extracts Color Asia Pacific Consolidated Employee separation costs $ (16 ) $ 80 $ (68 ) $ (4 ) Other income (1) - (3,624 ) - (3,624 ) Other costs (2) - 1,134 1 1,135 Total expense (income) $ (16 ) $ (2,410 ) $ (67 ) $ (2,493 ) (1) Other income includes cash received for the early termination of a lease less associated expenses. (2) Other costs include professional services, accelerated depreciation, and other related costs.

Trade Accounts Receivable (Tabl

Trade Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 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 and six month periods ended June 30, 2022 and 2021: (In thousands) Three Months Ended June 30, 2022 Allowance for Doubtful Accounts Balance at March 31, 2022 $ 4,912 Provision for expected credit losses 547 Accounts written off (729 ) Translation and other activity (236 ) Balance at June 30, 2022 $ 4,494 (In thousands) Three Months Ended June 30, 2021 Allowance for Doubtful Accounts Balance at March 31, 2021 $ 3,614 Provision for expected credit losses 138 Accounts written off (20 ) Translation and other activity 17 Balance at June 30, 2021 $ 3,749 (In thousands) Six Months Ended June 30, 2022 Allowance for Doubtful Accounts Balance at December 31, 2021 $ 4,877 Provision for expected credit losses 832 Accounts written off (1,096 ) Translation and other activity (119 ) Balance at June 30, 2022 $ 4,494 (In thousands) Six Months Ended June 30, 2021 Allowance for Doubtful Accounts Balance at December 31, 2020 $ 3,891 Provision for expected credit losses 294 Accounts written off (373 ) Translation and other activity (63 ) Balance at June 30, 2021 $ 3,749

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 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 June 30 2022 Revenue from external customers $ 182,415 $ 152,070 $ 37,221 $ - $ 371,706 Intersegment revenue 6,922 4,198 107 - 11,227 Total revenue $ 189,337 $ 156,268 $ 37,328 $ - $ 382,933 Operating income (loss) $ 30,013 $ 31,178 $ 7,721 $ (13,668 ) $ 55,244 Interest expense - - - 3,083 3,083 Earnings (loss) before income taxes $ 30,013 $ 31,178 $ 7,721 $ (16,751 ) $ 52,161 Three months ended June 30 2021 Revenue from external customers $ 174,699 $ 128,830 $ 32,298 $ - $ 335,827 Intersegment revenue 4,702 4,377 19 - 9,098 Total revenue $ 179,401 $ 133,207 $ 32,317 $ - $ 344,925 Operating income (loss) $ 24,536 $ 25,615 $ 5,793 $ (20,191 ) $ 35,753 Interest expense - - - 3,322 3,322 Earnings (loss) before income taxes $ 24,536 $ 25,615 $ 5,793 $ (23,513 ) $ 32,431 (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Consolidated Six June 30 2022 Revenue from external customers $ 357,617 $ 295,998 $ 73,612 $ - $ 727,227 Intersegment revenue 14,447 8,708 181 - 23,336 Total revenue $ 372,064 $ 304,706 $ 73,793 $ - $ 750,563 Operating income (loss) $ 57,592 $ 61,835 $ 15,925 $ (27,319 ) $ 108,033 Interest expense - - - 6,076 6,076 Earnings (loss) before income taxes $ 57,592 $ 61,835 $ 15,925 $ (33,395 ) $ 101,957 Six June 30 2021 Revenue from external customers $ 369,360 $ 260,031 $ 66,138 $ - $ 695,529 Intersegment revenue 10,952 8,896 19 - 19,867 Total revenue $ 380,312 $ 268,927 $ 66,157 $ - $ 715,396 Operating income (loss) $ 51,554 $ 52,209 $ 12,545 $ (33,658 ) $ 82,650 Interest expense - - - 6,755 6,755 Earnings (loss) before income taxes $ 51,554 $ 52,209 $ 12,545 $ (40,413 ) $ 75,895
Product Information	Product Lines (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended June 30 2022 Flavors, Extracts & Flavor Ingredients $ 130,578 $ - $ - $ 130,578 Natural Ingredients 58,759 - - 58,759 Food & Pharmaceutical Colors - 113,784 - 113,784 Personal Care - 42,116 - 42,116 Inks - 368 - 368 Asia Pacific - - 37,328 37,328 Intersegment Revenue (6,922 ) (4,198 ) (107 ) (11,227 ) Total revenue from external customers $ 182,415 $ 152,070 $ 37,221 $ 371,706 Three months ended June 30 2021 Flavors, Extracts & Flavor Ingredients $ 117,684 $ - $ - $ 117,684 Natural Ingredients 60,302 - - 60,302 Yogurt Fruit Preparations 1,415 - - 1,415 Food & Pharmaceutical Colors - 94,092 - 94,092 Personal Care - 38,323 - 38,323 Inks - 792 - 792 Asia Pacific - - 32,317 32,317 Intersegment Revenue (4,702 ) (4,377 ) (19 ) (9,098 ) Total revenue from external customers $ 174,699 $ 128,830 $ 32,298 $ 335,827 (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Six June 30 2022 Flavors, Extracts & Flavor Ingredients $ 257,096 $ - $ - $ 257,096 Natural Ingredients 114,968 - - 114,968 Food & Pharmaceutical Colors - 216,893 - 216,893 Personal Care - 86,962 - 86,962 Inks - 851 - 851 Asia Pacific - - 73,793 73,793 Intersegment Revenue (14,447 ) (8,708 ) (181 ) (23,336 ) Total revenue from external customers $ 357,617 $ 295,998 $ 73,612 $ 727,227 Six months ended June 30, 2021: Flavors, Extracts & Flavor Ingredients $ 231,502 $ - $ - $ 231,502 Natural Ingredients 122,506 - - 122,506 Fragrances 22,739 - - 22,739 Yogurt Fruit Preparations 3,565 - - 3,565 Food & Pharmaceutical Colors - 187,877 - 187,877 Personal Care - 79,838 - 79,838 Inks - 1,212 - 1,212 Asia Pacific - - 66,157 66,157 Intersegment Revenue (10,952 ) (8,896 ) (19 ) (19,867 ) Total revenue from external customers $ 369,360 $ 260,031 $ 66,138 $ 695,529
Geographical Information	Geographic Markets (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Three months ended June 30 2022 North America $ 138,885 $ 79,360 $ 2 $ 218,247 Europe 31,165 39,615 50 70,830 Asia Pacific 6,800 16,413 36,807 60,020 Other 5,565 16,682 362 22,609 Total revenue from external customers $ 182,415 $ 152,070 $ 37,221 $ 371,706 Three months ended June 30 2021 North America $ 128,665 $ 57,264 $ 37 $ 185,966 Europe 32,654 37,906 54 70,614 Asia Pacific 8,161 18,543 31,794 58,498 Other 5,219 15,117 413 20,749 Total revenue from external customers $ 174,699 $ 128,830 $ 32,298 $ 335,827 (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Six June 30 2022 North America $ 265,587 $ 149,288 $ 60 $ 414,935 Europe 63,770 81,593 131 145,494 Asia Pacific 16,537 32,429 70,789 119,755 Other 11,723 32,688 2,632 47,043 Total revenue from external customers $ 357,617 $ 295,998 $ 73,612 $ 727,227 Six June 30 2021 North America $ 258,308 $ 120,934 $ 62 $ 379,304 Europe 77,222 75,184 76 152,482 Asia Pacific 17,878 33,381 64,352 115,611 Other 15,952 30,532 1,648 48,132 Total revenue from external customers $ 369,360 $ 260,031 $ 66,138 $ 695,529

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30 (In thousands) 2022 2021 2022 2021 Service cost $ 407 $ 437 $ 815 $ 873 Interest cost 240 214 484 426 Expected return on plan assets (199 ) (185 ) (404 ) (369 ) Recognized actuarial loss 12 69 24 138 Total defined benefit expense $ 460 $ 535 $ 919 $ 1,068

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2022
Accumulated Other Comprehensive Income [Abstract]
Changes in OCI	The following table summarizes the changes in OCI during the three and six month periods ended June 30, 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 136 - (28,202 ) (28,066 ) Amounts reclassified from OCI (494 ) 16 - (478 ) Balances at June 30 2022 $ (152 ) $ (337 ) $ (202,683 ) $ (203,172 ) (In thousands) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balances at March 31, 2022 $ 106 $ (345 ) $ (174,626 ) $ (174,865 ) Other comprehensive loss before reclassifications (106 ) - (28,057 ) (28,163 ) Amounts reclassified from OCI (152 ) 8 - (144 ) Balances at June 30 2022 $ (152 ) $ (337 ) $ (202,683 ) $ (203,172 ) (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 844 - (7,196 ) (6,352 ) Amounts reclassified from OCI (776 ) 104 10,194 9,522 Balances at June 30 2021 $ 817 $ (1,861 ) $ (154,877 ) $ (155,921 ) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balances at March 31, 2021 $ 1,180 $ (1,913 ) $ (173,497 ) $ (174,230 ) Other comprehensive income before reclassifications 124 - 8,427 8,551 Amounts reclassified from OCI (487 ) 52 10,193 9,758 Balances at June 30 2021 $ 817 $ (1,861 ) $ (154,877 ) $ (155,921 ) (1) Cash Flow Hedges and Pension Items are net of tax.

Divestitures (Details)

Divestitures (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
	Apr. 01, 2021	Jun. 30, 2022	Jun. 30, 2021		Jun. 30, 2022	Jun. 30, 2021
Divestiture of Product Line [Abstract]
Proceed from sale of business					$ 0	$ 36,255
Divestiture & other related costs [Abstract]
Other costs		$ 0	$ 11,688		$ 0	13,260
Corporate & Other [Member]
Divestiture & other related costs [Abstract]
Other costs			62			437
Yogurt Fruit Preparations [Member]
Divestiture & other related costs [Abstract]
Other costs			264			529
Fragrances [Member]
Divestiture of Product Line [Abstract]
Proceed from sale of business	$ 36,300
Divestiture & other related costs [Abstract]
Other costs			11,460			12,508
Inks [Member]
Divestiture & other related costs [Abstract]
Other costs			(98)			(214)
Cost of Products Sold [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			3			28
Cost of Products Sold [Member] | Corporate & Other [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			0			0
Cost of Products Sold [Member] | Yogurt Fruit Preparations [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			0			0
Cost of Products Sold [Member] | Fragrances [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			3			37
Cost of Products Sold [Member] | Inks [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			0			(9)
Selling & Administrative Expenses [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			1,062			1,062
Reclassification of foreign currency translation and related items			10,193			10,193
Other costs			430	[1]		1,977	[2]
Divestiture Transactions [Abstract]
Expenses recorded related to environmental obligations						300
Selling & Administrative Expenses [Member] | Corporate & Other [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			0			0
Reclassification of foreign currency translation and related items			0			0
Other costs			62	[1]		437	[2]
Selling & Administrative Expenses [Member] | Yogurt Fruit Preparations [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			0			0
Reclassification of foreign currency translation and related items			0			0
Other costs			264	[1]		529	[2]
Selling & Administrative Expenses [Member] | Fragrances [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			1,062			1,062
Reclassification of foreign currency translation and related items			10,193			10,193
Other costs			202	[1]		1,216	[2]
Selling & Administrative Expenses [Member] | Inks [Member]
Divestiture & other related costs [Abstract]
Non-cash charges			0			0
Reclassification of foreign currency translation and related items			0			0
Other costs			$ (98)	[1]		$ (205)	[2]
[1]Other costs – Selling and administrative expenses include employee separation costs, professional services, accelerated depreciation, and other related costs.[2]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		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Restructuring Costs [Abstract]
Accrued liabilities		$ 400		$ 400		$ 800
Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs		$ 0	$ (3,494)	$ 0	$ (2,493)
Employee Separation Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			5		(4)
Other Income [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[1]		(3,624)		(3,624)
Other Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[2]		125		1,135
Flavors & Extracts [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			3		(16)
Flavors & Extracts [Member] | Employee Separation Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			3		(16)
Flavors & Extracts [Member] | Other Income [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[1]		0		0
Flavors & Extracts [Member] | Other Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[2]		0		0
Color [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			(3,473)		(2,410)
Color [Member] | Employee Separation Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			26		80
Color [Member] | Other Income [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[1]		(3,624)		(3,624)
Color [Member] | Other Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[2]		125		1,134
Asia Pacific [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			(24)		(67)
Asia Pacific [Member] | Employee Separation Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs			(24)		(68)
Asia Pacific [Member] | Other Income [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[1]		0		0
Asia Pacific [Member] | Other Costs [Member] | Selling & Administrative Expenses [Member]
Restructuring Costs [Abstract]
Operational Improvement Plan costs	[2]		$ 0		$ 1
[1]Other income includes cash received for the early termination of a lease less associated expenses.[2]Other costs include professional services, accelerated depreciation, and other related costs.

Acquisition (Details)

Acquisition (Details) - USD ($) $ in Thousands	Jul. 15, 2021	Jun. 30, 2022	Dec. 31, 2021
Acquisition [Abstract]
Goodwill		$ 403,576	$ 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		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Segment	Jun. 30, 2021 USD ($)
Trade Accounts Receivable [Abstract]
Number of portfolio segments | Segment			1
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 4,912	$ 3,614	$ 4,877	$ 3,891
Provision for expected credit losses	547	138	832	294
Accounts written off	(729)	(20)	(1,096)	(373)
Translation and other activity	(236)	17	(119)	(63)
Ending balance	$ 4,494	$ 3,749	$ 4,494	$ 3,749

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Inventories [Abstract]
Inventories, including finished and in-process products	$ 294.4	$ 280.2
Raw materials and supplies	$ 157.7	$ 131.4

Fair Value (Details)

Fair Value (Details) - Level 2 [Member] - USD ($) $ in Millions	Jun. 30, 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	499.2	503.5
Fair Value [Member]
Investments, Fair Value Disclosure [Abstract]
Long term debt	$ 497.9	$ 520

Segment Information, Operating

Segment Information, Operating Results by Segment (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Segment	Jun. 30, 2021 USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment			3
Revenue [Abstract]
Revenue	$ 371,706	$ 335,827	$ 727,227	$ 695,529
Operating income (loss)	55,244	35,753	108,033	82,650
Interest expense	3,083	3,322	6,076	6,755
Earnings (loss) before income taxes	52,161	32,431	101,957	75,895
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	182,415	174,699	357,617	369,360
Operating income (loss)	30,013	24,536	57,592	51,554
Interest expense	0	0	0	0
Earnings (loss) before income taxes	30,013	24,536	57,592	51,554
Color [Member]
Revenue [Abstract]
Revenue	152,070	128,830	295,998	260,031
Operating income (loss)	31,178	25,615	61,835	52,209
Interest expense	0	0	0	0
Earnings (loss) before income taxes	31,178	25,615	61,835	52,209
Asia Pacific [Member]
Revenue [Abstract]
Revenue	37,221	32,298	73,612	66,138
Operating income (loss)	7,721	5,793	15,925	12,545
Interest expense	0	0	0	0
Earnings (loss) before income taxes	7,721	5,793	15,925	12,545
Reportable Segments [Member]
Revenue [Abstract]
Revenue	382,933	344,925	750,563	715,396
Reportable Segments [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	189,337	179,401	372,064	380,312
Reportable Segments [Member] | Color [Member]
Revenue [Abstract]
Revenue	156,268	133,207	304,706	268,927
Reportable Segments [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	37,328	32,317	73,793	66,157
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	11,227	9,098	23,336	19,867
Intersegment Revenue [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	6,922	4,702	14,447	10,952
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	4,198	4,377	8,708	8,896
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	107	19	181	19
Corporate & Other [Member]
Revenue [Abstract]
Revenue	0	0	0	0
Operating income (loss)	(13,668)	(20,191)	(27,319)	(33,658)
Interest expense	3,083	3,322	6,076	6,755
Earnings (loss) before income taxes	$ (16,751)	$ (23,513)	$ (33,395)	$ (40,413)

Segment Information, Revenue fr

Segment Information, Revenue from External Customers by Product Line (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue [Abstract]
Revenue	$ 371,706	$ 335,827	$ 727,227	$ 695,529
Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	130,578	117,684	257,096	231,502
Natural Ingredients [Member]
Revenue [Abstract]
Revenue	58,759	60,302	114,968	122,506
Fragrances [Member]
Revenue [Abstract]
Revenue				22,739
Yogurt Fruit Preparations [Member]
Revenue [Abstract]
Revenue		1,415		3,565
Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	113,784	94,092	216,893	187,877
Personal Care [Member]
Revenue [Abstract]
Revenue	42,116	38,323	86,962	79,838
Inks [Member]
Revenue [Abstract]
Revenue	368	792	851	1,212
Asia Pacific [Member]
Revenue [Abstract]
Revenue	37,328	32,317	73,793	66,157
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	182,415	174,699	357,617	369,360
Flavors & Extracts [Member] | Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	130,578	117,684	257,096	231,502
Flavors & Extracts [Member] | Natural Ingredients [Member]
Revenue [Abstract]
Revenue	58,759	60,302	114,968	122,506
Flavors & Extracts [Member] | Fragrances [Member]
Revenue [Abstract]
Revenue				22,739
Flavors & Extracts [Member] | Yogurt Fruit Preparations [Member]
Revenue [Abstract]
Revenue		1,415		3,565
Color [Member]
Revenue [Abstract]
Revenue	152,070	128,830	295,998	260,031
Color [Member] | Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	113,784	94,092	216,893	187,877
Color [Member] | Personal Care [Member]
Revenue [Abstract]
Revenue	42,116	38,323	86,962	79,838
Color [Member] | Inks [Member]
Revenue [Abstract]
Revenue	368	792	851	1,212
Asia Pacific [Member]
Revenue [Abstract]
Revenue	37,221	32,298	73,612	66,138
Asia Pacific [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	37,328	32,317	73,793	66,157
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	11,227	9,098	23,336	19,867
Intersegment Revenue [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	6,922	4,702	14,447	10,952
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	4,198	4,377	8,708	8,896
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	$ 107	$ 19	$ 181	$ 19

Segment Information, Revenue _2

Segment Information, Revenue from External Customers by Geographic Markets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue [Abstract]
Revenue	$ 371,706	$ 335,827	$ 727,227	$ 695,529
North America [Member]
Revenue [Abstract]
Revenue	218,247	185,966	414,935	379,304
Europe [Member]
Revenue [Abstract]
Revenue	70,830	70,614	145,494	152,482
Asia Pacific [Member]
Revenue [Abstract]
Revenue	60,020	58,498	119,755	115,611
Other [Member]
Revenue [Abstract]
Revenue	22,609	20,749	47,043	48,132
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	182,415	174,699	357,617	369,360
Color [Member]
Revenue [Abstract]
Revenue	152,070	128,830	295,998	260,031
Asia Pacific [Member]
Revenue [Abstract]
Revenue	37,221	32,298	73,612	66,138
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | North America [Member]
Revenue [Abstract]
Revenue	138,885	128,665	265,587	258,308
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Europe [Member]
Revenue [Abstract]
Revenue	31,165	32,654	63,770	77,222
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	6,800	8,161	16,537	17,878
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Other [Member]
Revenue [Abstract]
Revenue	5,565	5,219	11,723	15,952
Reportable Geographical Components [Member] | Color [Member] | North America [Member]
Revenue [Abstract]
Revenue	79,360	57,264	149,288	120,934
Reportable Geographical Components [Member] | Color [Member] | Europe [Member]
Revenue [Abstract]
Revenue	39,615	37,906	81,593	75,184
Reportable Geographical Components [Member] | Color [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	16,413	18,543	32,429	33,381
Reportable Geographical Components [Member] | Color [Member] | Other [Member]
Revenue [Abstract]
Revenue	16,682	15,117	32,688	30,532
Reportable Geographical Components [Member] | Asia Pacific [Member] | North America [Member]
Revenue [Abstract]
Revenue	2	37	60	62
Reportable Geographical Components [Member] | Asia Pacific [Member] | Europe [Member]
Revenue [Abstract]
Revenue	50	54	131	76
Reportable Geographical Components [Member] | Asia Pacific [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	36,807	31,794	70,789	64,352
Reportable Geographical Components [Member] | Asia Pacific [Member] | Other [Member]
Revenue [Abstract]
Revenue	$ 362	$ 413	$ 2,632	$ 1,648

Retirement Plans (Details)

Retirement Plans (Details) - Defined Benefit Plan [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 407	$ 437	$ 815	$ 873
Interest cost	240	214	484	426
Expected return on plan assets	(199)	(185)	(404)	(369)
Recognized actuarial loss	12	69	24	138
Total defined benefit expense	$ 460	$ 535	$ 919	$ 1,068

Derivative Instruments and He_2

Derivative Instruments and Hedging Activity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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	$ 37		$ 37		$ 48.6
Amount of gains (losses) reclassified into net earnings		$ 0.5		$ 0.8
Foreign Currency Denominated Debt, Net Investment Hedging [Member]
Derivative instruments and hedging activity for the period [Abstract]
Carrying value of foreign denominated debt	265.4		265.4		$ 289.5
Impact of foreign exchange rates on debt instruments recorded in other comprehensive income	$ (16.2)	2.7	$ (24.1)	(6.9)
Amount of gains (losses) reclassified into net earnings		$ (4.2)		$ (4.2)

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Taxes [Abstract]
Effective income tax rates	25.90%	20%	25.70%	24.10%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ 961,710	$ 925,646	$ 938,425	$ 934,336
Other comprehensive income (loss) before reclassifications		(28,163)	8,551	(28,066)	(6,352)
Amounts reclassified from OCI		(144)	9,758	(478)	9,522
Ending balance		958,967	944,277	958,967	944,277
Accumulated Other Comprehensive (Loss) Income [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(174,865)	(174,230)	(174,628)	(159,091)
Ending balance		(203,172)	(155,921)	(203,172)	(155,921)
Cash Flow Hedges [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	106	1,180	206	749
Other comprehensive income (loss) before reclassifications	[1]	(106)	124	136	844
Amounts reclassified from OCI	[1]	(152)	(487)	(494)	(776)
Ending balance	[1]	(152)	817	(152)	817
Pension Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	(345)	(1,913)	(353)	(1,965)
Other comprehensive income (loss) before reclassifications	[1]	0	0	0	0
Amounts reclassified from OCI	[1]	8	52	16	104
Ending balance	[1]	(337)	(1,861)	(337)	(1,861)
Foreign Currency Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(174,626)	(173,497)	(174,481)	(157,875)
Other comprehensive income (loss) before reclassifications		(28,057)	8,427	(28,202)	(7,196)
Amounts reclassified from OCI		0	10,193	0	10,194
Ending balance		$ (202,683)	$ (154,877)	$ (202,683)	$ (154,877)
[1]Cash Flow Hedges and Pension Items are net of tax.

Commitments and Contingencies (

Commitments and Contingencies (Details)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies [Abstract]
Employee working period in SNI	5 months

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member]	Jul. 21, 2022 $ / shares
Subsequent Event [Abstract]
Dividend declared date	Jul. 21, 2022
Dividend payable (in dollars per share)	$ 0.41
Dividend payable date	Sep. 01, 2022