Sensient Technologies (SXT) 10-K 19 Feb 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 04, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
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, $0.10 par value
Trading Symbol	SXT
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 3,086,020,977
Entity Common Stock, Shares Outstanding		42,393,332
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Milwaukee, Wisconsin

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF EARNINGS [Abstract]
Revenue	$ 1,557,228	$ 1,456,450	$ 1,437,039
Cost of products sold	1,050,135	996,153	947,928
Selling and administrative expenses	315,514	305,274	292,360
Operating income	191,579	155,023	196,751
Interest expense	28,781	25,172	14,547
Earnings before income taxes	162,798	129,851	182,204
Income taxes	38,132	36,457	41,317
Net earnings	$ 124,666	$ 93,394	$ 140,887
Earnings per common share:
Basic (in dollars per share)	$ 2.96	$ 2.22	$ 3.36
Diluted (in dollars per share)	$ 2.94	$ 2.21	$ 3.34
Weighted average number of common shares outstanding:
Basic (in shares)	42,145	42,027	41,888
Diluted (in shares)	42,396	42,242	42,213

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net earnings	$ 124,666	$ 93,394	$ 140,887
Cash flow hedges adjustment, net of tax expense (benefit) of $256, $(984), and $(471), respectively	(1,307)	1,596	(805)
Pension adjustment, net of tax benefit of $(88), $(72), and $(462), respectively	(269)	(287)	(1,439)
Foreign currency translation on net investment hedges	17,996	(11,378)	19,340
Tax effect of current year activity on net investment hedges	(4,470)	2,826	(4,804)
Foreign currency translation on long-term intercompany loans	12,026	(1,813)	(2,468)
Tax effect of current year activity on long-term intercompany loans	(4,430)	1,820	(2,408)
Other foreign currency translation	(74,268)	35,807	(33,476)
Total comprehensive income	$ 69,944	$ 121,965	$ 114,827

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Cash flow hedges adjustment, net of tax expense (benefit)	$ 256	$ (984)	$ (471)
Pension adjustment, net of tax benefit	$ (88)	$ (72)	$ (462)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 26,626	$ 28,934
Trade accounts receivable	290,087	272,164
Inventories	600,302	598,399
Prepaid expenses and other current assets	44,871	37,119
Total current assets	961,886	936,616
Other assets	96,276	94,873
Deferred tax assets	50,387	41,564
Intangible assets, net	11,883	12,112
Goodwill	411,775	424,065
Property, Plant, and Equipment:
Land	32,369	31,901
Buildings	351,171	343,594
Machinery and equipment	804,385	781,789
Construction in progress	43,929	59,091
Property, plant, and equipment, gross	1,231,854	1,216,375
Less accumulated depreciation	(740,267)	(711,098)
Property, plant, and equipment, net	491,587	505,277
Total assets	2,023,794	2,014,507
Current Liabilities:
Trade accounts payable	139,052	131,114
Accrued salaries, wages, and withholdings from employees	47,470	26,412
Other accrued expenses	52,026	52,024
Income taxes	12,243	13,296
Short-term borrowings	19,848	13,460
Total current liabilities	270,639	236,306
Deferred tax liabilities	14,607	14,260
Other liabilities	39,540	37,817
Accrued employee and retiree benefits	24,499	27,715
Long-term debt	613,523	645,085
Shareholders' Equity:
Common stock, par value $0.10 a share, authorized 100,000,000 shares; issued 53,954,874 shares	5,396	5,396
Additional paid-in capital	117,500	115,941
Earnings reinvested in the business	1,782,139	1,726,872
Treasury stock, 11,779,321 and 11,885,398 shares, respectively, at cost	(617,210)	(622,768)
Accumulated other comprehensive loss	(226,839)	(172,117)
Total shareholders' equity	1,060,986	1,053,324
Total liabilities and shareholders' equity	$ 2,023,794	$ 2,014,507

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Shareholders' Equity:
Common stock, par value (in dollars per share)	$ 0.1	$ 0.1
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	53,954,874	53,954,874
Treasury stock, shares (in shares)	11,779,321	11,885,398

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities
Net earnings	$ 124,666	$ 93,394	$ 140,887
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization	60,329	57,820	52,467
Share-based compensation expense	10,084	8,933	16,138
Net (gain) loss on assets	(140)	541	276
Net gain on divestitures and other charges	0	0	(2,532)
Portfolio Optimization Plan costs	1,415	24,089	0
Deferred income taxes	(18,598)	(5,100)	(11,010)
Changes in operating assets and liabilities:
Trade accounts receivable	(29,638)	35,801	(46,086)
Inventories	(18,295)	(28,193)	(159,014)
Prepaid expenses and other assets	(5,407)	5,767	(5,055)
Trade accounts payable and other accrued expenses	8,995	(5,978)	17,489
Accrued salaries, wages, and withholdings from employees	22,518	(17,830)	3,486
Income taxes	(810)	(1,175)	4,422
Other liabilities	2,032	1,628	602
Net cash provided by operating activities	157,151	169,697	12,070
Cash flows from investing activities:
Acquisition of property, plant, and equipment	(59,212)	(87,868)	(79,322)
Proceeds from sale of assets	339	156	264
Proceeds from divestiture of businesses	0	0	2,532
Acquisition of new businesses	0	(1,650)	(22,714)
Other investing activities	(336)	1,741	792
Net cash used in investing activities	(59,209)	(87,621)	(98,448)
Cash Flows from Financing Activities
Proceeds from additional borrowings	159,321	351,662	328,597
Debt payments	(167,073)	(355,161)	(171,447)
Dividends paid	(69,399)	(69,222)	(68,915)
Other financing activities	(4,395)	(9,278)	(2,056)
Net cash (used in) provided by financing activities	(81,546)	(81,999)	86,179
Effect of exchange rate changes on cash and cash equivalents	(18,704)	7,936	(4,620)
Net (decrease) increase in cash and cash equivalents	(2,308)	8,013	(4,819)
Cash and cash equivalents at beginning of year	28,934	20,921	25,740
Cash and cash equivalents at end of year	26,626	28,934	20,921
Cash paid during the year for:
Interest	29,107	24,443	14,716
Income taxes	56,744	39,681	48,242
Capitalized interest	$ 1,274	$ 1,984	$ 910

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 (Loss) Income [Member]	Total
Beginning balance at Dec. 31, 2021	$ 5,396	$ 111,352	$ 1,630,713	$ (634,408)	$ (174,628)
Beginning balance (in shares) at Dec. 31, 2021				12,107,549
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings			140,887			$ 140,887
Other comprehensive income (loss)					(26,060)
Cash dividends paid			(68,915)
Share-based compensation		16,138
Non-vested stock issued upon vesting		(3,239)		$ 3,239
Non-vested stock issued upon vesting (in shares)				(61,821)
Benefit plans		560		$ 618
Benefit plans (in shares)				(11,786)
Other		(768)	15	$ (1,302)
Other (in shares)				24,831
Ending balance at Dec. 31, 2022	5,396	124,043	1,702,700	$ (631,853)	(200,688)
Ending balance (in shares) at Dec. 31, 2022				12,058,773
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings			93,394			93,394
Other comprehensive income (loss)					28,571
Cash dividends paid			(69,222)
Share-based compensation		8,933
Non-vested stock issued upon vesting		(14,987)		$ 14,987
Non-vested stock issued upon vesting (in shares)				(286,019)
Benefit plans		375		$ 952
Benefit plans (in shares)				(18,172)
Other		(2,423)		$ (6,854)
Other (in shares)				130,816
Ending balance at Dec. 31, 2023	5,396	115,941	1,726,872	$ (622,768)	(172,117)	$ 1,053,324
Ending balance (in shares) at Dec. 31, 2023				11,885,398		11,885,398
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings			124,666			$ 124,666
Other comprehensive income (loss)					(54,722)
Cash dividends paid			(69,399)
Share-based compensation		10,084
Non-vested stock issued upon vesting		(7,838)		$ 7,838
Non-vested stock issued upon vesting (in shares)				(149,579)
Benefit plans		299		$ 1,122
Benefit plans (in shares)				(21,405)
Other		(986)		$ (3,402)
Other (in shares)				64,907
Ending balance at Dec. 31, 2024	$ 5,396	$ 117,500	$ 1,782,139	$ (617,210)	$ (226,839)	$ 1,060,986
Ending balance (in shares) at Dec. 31, 2024				11,779,321		11,779,321

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY [Abstract]
Cash dividends per share (in dollars per share)	$ 1.64	$ 1.64	$ 1.64

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Nature of Operations Sensient Technologies Corporation, together with its subsidiaries (the Company or Sensient), is a leading global manufacturer and marketer of colors, flavors, and other specialty ingredients. The Company uses advanced technologies at facilities around the world to develop specialty food and beverage systems; personal care, essential oils, pharmaceutical, and nutraceutical systems; specialty colors; and other specialty and fine chemicals. The Company’s three reportable segments are the Flavors & Extracts Group and the Color Group, which are managed on a product line basis, and the Asia Pacific Group, which is managed on a geographic basis. The Company’s corporate expenses, divestiture & other related income, share-based compensation, restructuring and other charges, including the Portfolio Optimization Plan costs, and other costs are included in the “Corporate & Other” category. Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Company and have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). All significant intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements requires the use of management’s estimates and assumptions that affect reported amounts of assets, liabilities, revenue, and expenses during the reporting period and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. Revenue Recognition The Company recognizes revenue at the transfer of control of its products to the Company’s customers in an amount reflecting the consideration to which the Company expects to be entitled. In order to achieve this core principle, the Company applies the following five-step approach: • Identification of the contract, or contracts, with a customer • Identification of the performance obligations in the contract • Determination of the transaction price • Allocation of the transaction price to the performance obligations in the contract • Recognition of revenue when, or as, the Company satisfies the performance obligations The Company considers customer purchase orders, which in some cases are governed by master sales or supply agreements, coupled with the Company’s purchase order acceptances, to be the contracts with the customer. For each contract, the Company considers the identified performance obligation to be the promise to transfer products. In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment and then determines the net consideration to which the Company expects to be entitled. In addition, the Company assesses the customer’s ability to pay as part of its evaluation of the contract. As the Company’s standard payment terms are less than one year, the Company elected the practical expedient under Accounting Standards Codification (ASC) 606-10-32-18, and determined that its contracts do not have a significant financing component. The Company allocates the transaction price to each distinct product based on the relative standalone selling price. Revenue is recognized when control of the product is transferred to the customer, the customer is obligated to pay the Company, and the Company has no remaining obligations, which is typically at shipment. In certain locations, primarily outside the United States, product delivery terms may vary. Thus, in such locations, the point at which control of the product transfers to the customer and revenue recognition occurs will vary accordingly. Customer returns of non-conforming products are estimated at the time revenue is recognized. In certain customer relationships, volume rebates exist, which are recognized according to the terms and conditions of the contractual relationship. Customer returns, rebates, and discounts are not material to the Company’s consolidated financial statements. The Company has elected to recognize the revenue and cost for freight and shipping when control over the products has transferred to the customer. The Company has elected to immediately expense contract costs related to obtaining a contract as the amortization period of the asset the Company otherwise would have recognized would have been less than a year. In addition to evaluating the Company’s performance based on the segments above, revenue is also disaggregated and analyzed by product line and geographic market (See Note 12, Segment and Geographic Information, . Cost of Products Sold Cost of products sold includes materials, labor, and overhead expenses incurred in the manufacture of our products. Cost of products sold also includes charges for obsolete and slow-moving inventories as well as costs for quality control, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs, other costs of our internal distribution network, and costs incurred for shipping and handling. The Company records fees billed to customers for shipping and handling as revenue. Selling and Administrative Expenses Selling and administrative expenses primarily include the salaries and related costs for executive, finance, accounting, human resources, information technology, research and development, and legal personnel as well as salaries and related costs of salespersons and commissions paid to external sales agents. Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less at the date of acquisition as cash equivalents. Accounts Receivable Receivables are recorded at their face amount, less an allowance for losses on doubtful accounts. The allowance for doubtful accounts is based on customer-specific analysis and general matters such as current assessments of past due balances and economic conditions. Specific accounts are written off against the allowance for doubtful accounts when it is deemed that the receivable is no longer collectible. Inventories Inventories are stated at the lower of cost or net realizable value. Net realizable value is determined on the basis of estimated realizable values. Cost is determined using the first-in, first-out (FIFO) method. Inventories include finished and in-process products totaling $426.8 million and $437.1 million at December 31, 2024 and 2023, respectively, and raw materials and supplies of $173.5 million and $161.3 million at December 31, 2024 and 2023, respectively. The Company recorded non-cash charges of $0.7 million and $3.1 million in related to the Portfolio Optimization Plan , for additional information. Property, Plant, and Equipment Property, plant, and equipment are recorded at cost reduced by accumulated depreciation. Depreciation is provided over the estimated useful life of the related asset using the straight-line method for financial reporting. The estimated useful lives for buildings and leasehold improvements range from 5 to 40 years. Machinery and equipment have estimated useful lives ranging from 3 to 20 years. Interest costs on significant projects constructed or developed for the Company’s own use are capitalized as part of the asset. Goodwill and Other Intangible Assets The carrying value of goodwill is evaluated for impairment on an annual basis or more frequently when an indicator of impairment occurs. The impairment assessment includes comparing the carrying amount of net assets, including goodwill, of each reporting unit to its respective fair value as of the date of the assessment. Fair value was estimated based upon an evaluation of the reporting unit’s estimated future discounted cash flows as well as the public trading and private transaction valuation multiples for comparable companies. The Company performed such a quantitative analysis in 2022, which indicated a substantial premium compared to the carrying value of net assets, including goodwill, at the reporting unit level. The cost of intangible assets with determinable useful lives is amortized on a straight-line basis to reflect the pattern of economic benefits consumed, ranging from 5 to 25 years. These assets include technological know-how, customer relationships, patents, trademarks, trade secrets, and non-compete agreements, among others. Impairment of Long-lived Assets The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company performs undiscounted cash flow analyses to determine if potential impairment exists. If impairment is determined to exist, any related impairment loss is calculated based on the difference between fair value and carrying value. Impairment losses were recorded as a result of the Company’s Portfolio Optimization Plan in 2023. See Note 15 , Portfolio Optimization Plan Leases The Company enters into lease agreements for certain office space, warehouses, land, and equipment in the ordinary course of business. The Company determines if an arrangement is a lease at inception and evaluates the lease classification (i.e., operating lease or financing lease) at that time. Lease arrangements with an initial term of 12 months or less are considered short-term leases and are not recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the term of the lease. Operating leases are included in Other Assets Other Accrued Expenses Other Liabilities The Company uses its incremental borrowing rate on the commencement date for determining the present value of lease payments. The Company considers the likelihood of exercising options to extend or terminate the lease when determining the lease term. The Company has lease agreements with lease and non-lease components. The Company has elected the practical expedient of accounting for the lease and non-lease components of each lease as a single lease component. Derivative Financial Instruments The Company selectively uses derivative financial instruments to reduce market risk associated with changes in foreign currency and interest rate exposures, which exist as part of ongoing business operations. All derivative transactions are authorized and executed pursuant to the Company’s risk management policies and procedures, which strictly prohibit the use of financial instruments for speculative trading purposes. The primary objectives of the foreign exchange risk management activities are to understand and mitigate the impact of potential foreign exchange fluctuations on the Company’s financial results and its economic well-being. Changes in the fair value of derivatives that are designated as fair value hedges, along with the gain or loss on the hedged item, are recorded in current period earnings. These risk management transactions may involve the use of foreign currency derivatives to protect against exposure resulting from recorded accounts receivable and payable. The Company may utilize forward exchange contracts, generally with maturities of less than 18 months, which qualify as cash flow hedges. Generally, these foreign exchange contracts are intended to offset the effect of exchange rate fluctuations on non-functional currency denominated sales and purchases. For derivative instruments that are designated as cash flow hedges, gains and losses are deferred in Accumulated Other Comprehensive Income For hedges designated as cash flow hedges, the Company elects critical terms that match at the onset of the hedge transaction. Hedge accounting is permitted only if the hedge meets the critical terms match requirements. The Company reviews the critical terms at each effectiveness testing date to ensure the respective terms match; therefore, achieving a highly effective hedge. Interest Rate Hedging The Company is exposed to interest rate risk through its corporate borrowing activities. The objective of the Company’s interest rate risk management activities is to manage the levels of the Company’s fixed and floating interest rate exposure to be consistent with the Company’s preferred mix. The interest rate risk management program may include entering into interest rate swaps, which qualify as fair value hedges, when there is a desire to modify the Company’s exposure to interest rates. Gains or losses on fair value hedges are recognized in earnings, net of gains and losses on the fair value of the hedged instruments. Net Investments Hedging The Company is exposed to risk related to its net investments in foreign subsidiaries. As part of its risk management activities, the Company may enter into foreign-denominated debt to be used as a non-derivative instrument to hedge the Company’s net investment in foreign subsidiaries. The change in the fair value of debt designated as a net investment hedge is recorded in foreign currency translation in OCI. Commodity Purchases The Company purchases certain commodities in the normal course of business that result in physical delivery of the goods and, hence, are excluded from ASC 815, Derivatives and Hedging Translation of Foreign Currencies For all significant foreign operations, the functional currency is the local currency. Assets and liabilities of foreign operations are translated into U.S. dollars at current exchange rates. Revenue and expense accounts are translated into U.S. dollars at average exchange rates prevailing during the year. Adjustments resulting from the translation of foreign accounts into U.S. dollars are recorded in foreign currency translation in OCI. Transaction gains and losses that occur as a result of transactions denominated in non-functional currencies are included in earnings and were not significant during the years ended December 31, 2024, 2023, and 2022. Share-Based Compensation Share-based compensation expense is recognized over the vesting period of each award based on the fair value of the instrument at the time of grant as summarized in Note 8, Share-Based Compensation. Income Taxes The Company recognizes a current tax liability or asset for the estimated taxes payable or refundable on tax returns for the current year and a deferred tax liability or asset for the estimated future tax effects attributable to temporary differences and carryforwards. The measurement of current and deferred tax liabilities and assets is based on provisions of enacted tax law. Deferred tax assets are reduced, if necessary, by the amount of any tax benefits for which the utilization of the asset is not considered likely. Earnings Per Share The difference between basic and diluted earnings per share (EPS) is the dilutive effect of non-vested stock. Diluted EPS assumes that non-vested stock has vested. The following table sets forth the computation of basic and diluted EPS for the years ended December 31: Years Ended December 31, (In thousands except per share amounts) 2024 2023 2022 Numerator: Net earnings $ 124,666 $ 93,394 $ 140,887 Denominator: Denominator for basic EPS - weighted average common shares 42,145 42,027 41,888 Effect of dilutive securities 251 215 325 Denominator for diluted EPS - diluted weighted average shares outstanding 42,396 42,242 42,213 Earnings per Common Share: Basic $ 2.96 $ 2.22 $ 3.36 Diluted $ 2.94 $ 2.21 $ 3.34 The Company has a share-based compensation plan under which employees may be granted share-based awards in which non-forfeitable dividends are paid on non-vested shares for certain awards. As such, these shares are considered participating securities under the two-class method of calculating EPS as described in ASC 260, Earnings per Share. All EPS amounts are presented on a diluted basis unless otherwise noted. Accumulated Other Comprehensive Income (Loss) Accumulated OCI is composed primarily of foreign currency translation, pension liability, and unrealized gains or losses on cash flow hedges. See Note 10, Accumulated Other Comprehensive Income, Research and Development Research and development costs are recorded in S elling and Administrative Expenses in the year they are incurred. Research and development costs were $ million, $ million, and $ million, during the years ended December 31, 2024, 2023, and 2022, respectively. Advertising Advertising costs are recorded in Selling and Administrative Expenses as they are incurred. Advertising costs were $ million, $ million, and $1.9 million, during the years ended December 31, 2024, 2023, and 2022, respectively. Environmental Liabilities The Company records liabilities related to environmental remediation obligations when estimated future expenditures are probable and reasonably estimable. Such accruals are adjusted as further information becomes available or as circumstances change. Estimated future expenditures are discounted to their present value when the timing and amount of future cash flows are fixed and readily determinable. Recoveries of remediation costs from other parties, if any, are recognized as assets when their receipt is realizable. Subsequent Events The Company performed an evaluation of subsequent events through the date these financial statements were issued. See Note 17, Subsequent Event Recently Adopted Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , this ASU requires the Company to disclose the title and position of its CODM and how the CODM uses , and the adoption did not have a material impact on the Company ’s consolidated financial statements. Recently Issued Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which will require the Company to disclose specified additional information in its income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This ASU will also require the Company to disaggregate its income taxes paid disclosure by federal The Company is currently evaluating the potential impact of this standard on its consolidated financial statements and its related disclosures. In November 2024 , the FASB issued ASU No. 2024-03, Income Statement Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40) – , 202 Other recently issued accounting pronouncements are not expected to have a material impact on the Company’s consolidated financial statements.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2024
Acquisitions [Abstract]
Acquisitions	2. Acquisitions On October 3, 2022, the Company acquired Endemix Doğal Maddeler A.Ş. Teknoloji Yatırımları ve Danışmanlık Sanayi ve Ticaret A.Ş.

Trade Accounts Receivable

Trade Accounts Receivable	12 Months Ended
	Dec. 31, 2024
Trade Accounts Receivable [Abstract]
Trade Accounts Receivable	3. Trade Accounts Receivable Trade accounts receivables are recorded at their face amount, less an allowance for expected losses on doubtful accounts. The allowance for doubtful accounts is calculated based on customer-specific analysis and an aging methodology using historical loss information. The Company believes historical loss information is a reasonable basis for expected credit losses as the Company’s historical credit loss experience correlates with its customer delinquency status. This information is also adjusted for any known current economic conditions. 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 for the years ended December 31, 2024 and 2023: (In thousands) Allowance for Doubtful Accounts Balance at December 31, 2022 $ 4,436 Provision for expected credit losses 1,020 Accounts written off (1,279 ) Translation and other activity 196 Balance at December 31, 2023 $ 4,373 Provision for expected credit losses 1,527 Accounts written off (596 ) Translation and other activity (281 ) Balance at December 31, 2024 $ 5,023

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	4. Goodwill and Intangible Assets At December 31, 2024 and 2023, goodwill is the only intangible asset that is not subject to amortization. The following table summarizes intangible assets with determinable useful lives by major category as of December 31, 2024 and 2023: 2024 2023 (In thousands except weighted average amortization years) Weighted Average Amortization Years Cost Accumulated Amortization Cost Accumulated Amortization Technological know-how 11.7 $ 6,643 $ (3,119 ) $ 7,452 $ (4,412 ) Customer relationships 19.0 9,611 (3,672 ) 9,689 (3,242 ) Patents, trademarks, non-compete agreements, and other 15.6 12,121 (9,701 ) 12,147 (9,522 ) Total finite-lived intangibles 15.8 $ 28,375 $ (16,492 ) $ 29,288 $ (17,176 ) Amortization of intangible assets was $1.7 million in 2024, $2.3 million in 2023, and $2.0 million in 2022. Estimated amortization expense, for the five years subsequent to December 31, 2024, is $1.7 million in 2025; $1.5 million in 2026; $1.1 million in 2027; $1.0 million in 2028; and $1.0 million in 2029. The changes in goodwill for the years ended December 31, 2024 and 2023, by reportable business segment, were as follows: (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Balance as of December 31 2022 $ 100,920 $ 310,079 $ 4,716 $ 415,715 Currency translation impact 2,393 6,102 (145 ) 8,350 Balance as of December 31 2023 $ 103,313 $ 316,181 $ 4,571 $ 424,065 Currency translation impact (3,070 ) (9,001 ) (219 ) (12,290 ) Balance as of December 31 2024 $ 100,243 $ 307,180 $ 4,352 $ 411,775

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	5. Leases The Company leases certain office space, warehouses, land, and equipment under operating lease arrangements. Some of the Company’s leases include options to extend the leases for up to an additional five years. Some of the Company’s lease agreements also include rental payments that are adjusted periodically for inflation (i.e., CPI index). The Company recorded operating lease expense, which includes short-term lease expense and variable lease costs, of $13.4 million, during the years ended December 2024, 2023, and For the years ended December 2024, 2023, and the Company paid $11.5 million, , and $ million, respectively, in cash for operating leases, not including short-term lease expense or variable lease costs. The Company entered into operating leases that resulted in $9.0 million, and $ million, for the year ended December 31, 2022, of right-of-use assets in exchange for operating lease obligations. The Company i ncluded $36.4 million and $36.3 million of right-of-use assets in Other Assets Other Liabilities on the Company’s Consolidated Balance Sheets as of Dec ember 31, 2024 and 2023, respectively. The Company included $7.7 million and $8.6 million of operating lease liabilities in Other Accrued Expenses on the Company’s Consolidated Balance Sheets as of Dec ember 31, 2024 and 2023, respectively. The Company’s weighted average remaining operating lease term years as of December The Company’s weighted average discount rate for operating leases was as of December As of December maturities of operating lease liabilities for future annual periods are as follows: (In s) Year ending December 2025 $ 9,086 2026 7,323 2027 6,276 2028 4,135 2029 3,562 Thereafter 11,801 Total lease payments 42,183 Less imputed interest (5,830 ) Present value of lease liabilities $ 36,353

Debt

Debt	12 Months Ended
	Dec. 31, 2024
Debt [Abstract]
Debt	6. Debt Long-term Debt Long-term debt consisted of the following unsecured obligations at December 31: (In thousands) 2024 2023 3.65 May 2024 $ - $ 27,000 4.19 November 2025 25,000 25,000 6.08% senior notes due November 2026 35,000 35,000 6.14% senior notes due November 2027 35,000 35,000 4.94 May 2028 75,000 75,000 6.34% senior notes due November 2029 35,000 35,000 1.27 May 2024 - 55,194 1.71 May 2027 41,416 44,155 4.15% Euro-denominated senior notes due May 2028 41,416 44,155 4.62% Euro-denominated senior notes due November 2029 41,416 44,155 2.76 November 2025 31,289 31,827 Euro-denominated term loan 77,657 82,790 Revolving Credit Facilities 175,125 111,039 Various other notes 536 117 Total debt 613,855 645,432 Less debt fees (133 ) (230 ) Less current portion (199 ) (117 ) Total long-term debt $ 613,523 $ 645,085 In May 2023, the Company entered into an agreement to issue $75 million and €40 million in five-year, fixed-rate, senior notes at coupon rates of 4.94% and 4.15%, respectively. The notes were issued in May 2023, and the proceeds were used to repay a portion of existing indebtedness under the Company’s Credit Agreement. The notes will mature in May 2028 In November 2023, the Company entered into a fixed rate, senior note purchase agreement with the purchasers named therein pursuant to which the Company issued $105 million of U.S. dollar-denominated senior notes and €40 million of Euro-denominated senior notes. The three U.S. dollar-denominated notes were issued for $35 million each, maturing in November 2026 November 2027 November 2029 November 2029 November 2023 November 2023 November 2023 In August 2024 , the Company amended its accounts receivable securitization program with Wells Fargo Bank N.A. (Wells Fargo) to extend the termination date from August 2024 August 2025 , the Secured Loan has been classified as long-term debt on the Company , 2024, the amount was fully drawn. In October 2024 , the Company amended its , N.A (PNC Bank) to extend the termination date from November 2024 November 2025 , Derivative Instruments and Hedging Activity , based upon the Eurocurrency Rate and including a margin percentage dependent upon the Company’s leverage ratio , as described below. The average interest rate on the Term Loan The borrowings under the revolving credit facility , excluding borrowings on the accounts receivable securitization program, had an average interest rate of 5.46% and 5.74% for the years ended December 31, 2024 and 2023, respectively. The aggregate amounts of contractual maturities on long-term debt subsequent to December 31, 2024, are as follows: (In s) Year ending December 2025 $ 218,875 2026 125,308 2027 76,523 2028 116,406 2029 76,411 Total long-term debt maturities $ 613,523 The Company had $256.5 million available under the revolving credit facility and $25.5 million available under other lines of credit from several banks at December 31, 2024. Substantially all of the senior financing obligations contain restrictions concerning interest coverage, borrowings, and investments. The most restrictive loan covenants require a Leverage Ratio less than 3.5 and an Interest Coverage Ratio greater than 3.0, in each case, as defined in the Company’s Credit Agreement. The Company is in compliance with all of these restrictions at December 31, 2024. The Company had stand-by and trade letters of credit outstanding of $3.4 million and $6.2 million as of December 31, 2024 and 2023, respectively. Short-term Borrowings The Company’s short-term borrowings consisted of the following items at December 31: (In thousands) 2024 2023 U.S. credit facilities $ 18,382 $ 13,343 Current maturities of long-term debt 199 117 Loans of foreign subsidiaries 1,267 - Total $ 19,848 $ 13,460 The weighted average interest rates on short-term borrowings were 5.67% and 6.58% at December 31, 2024 and 2023, respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activity	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activity [Abstract]
Derivative Instruments and Hedging Activity	7. Derivative Instruments and Hedging Activity The Company may use derivative instruments for the purpose of hedging currency, commodity, and interest rate exposures, which exist as part of ongoing business operations. As a policy, the Company does not engage in speculative or leveraged transactions nor does the Company hold or issue financial instruments for trading purposes. Hedge effectiveness is determined by how closely the changes in the fair value of the hedging instrument offset the changes in the fair value or cash flows of the hedged transaction. Hedge accounting, which generally results in the deferral of derivative gains and losses until such time as the underlying transaction is recognized in net earnings, is permitted only if the hedging relationship is expected to be highly effective at the inception of the transaction and on an ongoing basis. The Company manages its exposure to foreign exchange risk by the use of forward exchange contracts to reduce the effect of fluctuating foreign currencies on non-functional currency sales, purchases, and other known foreign currency exposures. These forward exchange contracts generally have maturities of less than 18 months. The Company also uses certain debt denominated in foreign currencies to manage the net asset positions of the Company’s foreign subsidiaries. The Company’s primary hedging activities and their accounting treatment are summarized below. Forward Exchange Contracts Certain forward exchange contracts have been designated as cash flow hedges. The Company had $70.3 million and $58.4 million of forward exchange contracts, designated as cash flow hedges, outstanding as of December 31, 2024 and 2023, respectively. For the year ended December 31, 2024, the amounts reclassified into net earnings in the Company’s Consolidated Statements of Earnings that offset the earnings impact of the related non-functional asset or liability hedged in the same period were not material. For the years ended December 31, 2023 and 2022, gains of $2.2 million and $1.0 million, respectively, were reclassified into net earnings in the Company’s Consolidated Statement of Earnings that offset the earnings impact of the related non-functional asset or liability hedged in the same period. In addition, the Company utilizes forward exchange contracts that are not designated as cash flow hedges and the results of these transactions are not material to the financial statements. Net Investment Hedges The Company has designated certain foreign currency denominated long-term borrowings as partial hedges of the Company’s foreign currency net asset positions. As of December 31, 2024 and 2023, the total value of the Company’s net investment hedges was $ 295.3 313.3 18.0 Concentrations of Credit Risk Counterparties to forward exchange contracts consist of large international financial institutions. While these counterparties may expose the Company to potential losses due to the credit risk of non-performance, losses are not anticipated. Concentrations of credit risk with respect to trade accounts receivable are limited by the large number of customers, generally short payment terms, and their dispersion across geographic areas.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2024
Share-Based Compensation [Abstract]
Share-Based Compensation	8. Share-Based Compensation Prior to 2022, the Company maintained separate stock plans for non-employee directors, the 2012 Non-Employee Directors Stock Plan, and employees, the 2017 Stock Plan, under which directors and employees may be granted non-vested stock that vests over a specific time-period. In April 2017, the shareholders of the Company approved the 2017 Stock Plan authorizing 1.8 million shares for issuance as non-vested stock in the form of restricted stock, restricted stock units, performance stock units, non-qualified stock options, incentive stock options, and stock appreciation rights. In April 2022, the shareholders of the Company approved an Amended and Restated 2017 Stock Plan. The Amended and Restated 2017 Stock Plan incorporates substantially all of the key terms of the Company’s 2012 Non-Employee Directors Stock Plan into the Company’s existing 2017 Stock Plan, creating one omnibus plan covering the Company’s non-employee directors, officers, and key employees. The total number of shares of common stock reserved for issuance under the Amended and Restated 2017 Stock Plan increased by 350 thousand shares (from 1.8 million to 2.15 million in aggregate), plus any cancellations of shares issued under the Amended and Restated 2017 Stock Plan. As of December 31, 2024, there were 0.9 million shares available to issue as non-vested stock under the Company’s Amended and Restated 2017 Stock Plan. The Company may also issue up to 0.2 million shares of stock pursuant to its 1999 Amended and Restated Directors Deferred Compensation Plan The Company recognizes expense for shares of non-vested stock over a three-year vesting period with a pro-rata vesting upon retirement. The holders of the performance stock units are not entitled to vote or receive dividends and other distributions paid with respect to the stock, until the units have vested and shares of stock issued Grants issued to elected officers consist of 60% performance stock unit awards and 40% non-vested restricted stock awards. The performance stock unit awards are based on a three-year performance period and a three-year vesting period with a pro-rata vesting upon retirement. Starting with the December 2024 grant, grants issued to certain business unit leaders also consist of 60% performance stock unit awards and 40% non-vested restricted stock awards, in each case as described above. Three-year performance that exceeds the stated performance metrics would result in an award up to 150% of the original grant for business unit leaders and up to 200% for elected officers. The Company expenses awards for non-vested stock, including time-vesting stock and performance stock units, based on the fair value of the Company’s common stock at the date of the grant. The December 2019 and December 2020 performance stock unit awards, which were based on the three-year The following table summarizes the non-vested stock and performance stock unit activity: (In thousands except fair value) Shares Grant Date Weighted Average Fair Value Aggregate Intrinsic Value Outstanding at December 31 482 $ 69.15 $ 48,271 Granted 168 73.52 Vested (62 ) 58.81 Cancelled (69 ) 58.62 Outstanding at December 31 2022 519 73.19 37,883 Granted 201 61.61 Vested, net (179 ) 63.02 Cancelled (5 ) 72.45 Outstanding at December 31 2023 536 72.26 35,383 Granted 190 71.79 Vested, net (115 ) 79.47 Cancelled (70 ) 70.87 Outstanding at December 31 2024 541 $ 70.74 $ 38,517 The total intrinsic values of shares vested during 2024, 2023, and 2022, was $10.1 million, $20.3 million, and $5.1 million, respectively. As of December 31, 2024, total remaining unearned compensation, net of expected forfeitures, related to non-vested stock and performance stock units was $22.1 million, which will be amortized over the weighted average remaining service period of 2.3 years. Total pre-tax share-based compensation expense The Company also recognized tax related benefits

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2024
Retirement Plans [Abstract]
Retirement Plans	9. Retirement Plans The Company provides benefits under defined contribution plans including a savings plan and an employee stock ownership plan (ESOP). The savings plan covers substantially all domestic salaried and certain non-union hourly employees and provides for matching contributions up to 4% of each employee’s salary. The ESOP covers substantially all domestic employees and provides for contributions based on a percentage of each employee’s compensation as determined by the Company’s Board of Directors. Total expense for the Company’s defined contribution plans was $8.0 million in 2024, $8.2 million in 2023, and $7.8 million in 2022. Although the Company intends for these defined contribution plans to be the primary retirement benefit for most employees, the Company also has several defined benefit plans. The funded status of the defined benefit plans was as follows at December 31: (In thousands) 2024 2023 Benefit obligation at beginning of year $ 36,413 $ 32,367 Service cost 1,736 1,741 Interest cost 1,839 1,886 Foreign currency exchange rate changes (979 ) 999 Benefits paid (5,266 ) (2,737 ) Actuarial (gain) loss (2,856 ) 2,157 Benefit obligation at end of year 30,887 36,413 Plan assets at beginning of year 21,270 19,929 Company contributions 4,192 1,598 Foreign currency exchange rate changes (544 ) 920 Benefits paid (5,266 ) (2,737 ) Actual (loss) gain on plan assets (680 ) 1,560 Plan assets at end of year 18,972 21,270 Funded status $ (11,915 ) $ (15,143 ) Accumulated benefit obligation $ 29,480 $ 34,786 Amounts recognized in the Consolidated Balance Sheets at December 31: (In thousands) 2024 2023 Accrued employee and retiree benefits $ (15,882 ) $ (19,165 ) Other accrued expenses (693 ) (726 ) Other assets 4,660 4,748 Net liability $ (11,915 ) $ (15,143 ) Components of annual benefit cost: (In thousands) 2024 2023 2022 Service cost $ 1,736 $ 1,741 $ 1,622 Interest cost 1,839 1,886 953 Expected return on plan assets (1,237 ) (1,007 ) (785 ) Recognized actuarial (gain) loss (359 ) (656 ) 32 Settlement income (610 ) - - Defined benefit expense $ 1,369 $ 1,964 $ 1,822 The Company’s non-service cost portion of defined benefit expense is recorded in Interest Expense Selling and Administrative Expenses Weighted average liability assumptions as of December 31: 2024 2023 Discount rate 5.83 % 5.15 % Expected return on plan assets 5.71 % 4.91 % Rate of compensation increase 1.17 % 1.14 % Weighted average cost assumptions for the year ended December 31: 2024 2023 2022 Discount rate 5.15 % 5.12 % 2.35 % Expected return on plan assets 4.91 % 4.89 % 2.54 % Rate of compensation increase 1.14 % 0.90 % 1.02 % The aggregate amounts of benefits expected to be paid from defined benefit plans in each of the next five years subsequent to December 31, 2024, which include employees’ expected future service, are as follows: 2025, $2.2 million; 2026, $6.4 million; 2027, $2.2 million; 2028, $2.2 million; 2029, $2.5 million; and $25.7 million in total for the years 2030 through 2034. The Company expects to contribute $0.8 million to defined benefit plans in 2025. Amounts in accumulated other comprehensive loss at December 31 were as follows: (In thousands) 2024 2023 Unrecognized net actuarial loss $ 2,996 $ 2,936 Prior service cost 146 155 Total before tax effects $ 3,142 $ 3,091 The pension adjustments, net of tax, recognized in OCI, were as follows: (In thousands) 2024 2023 2022 Net actuarial gain (loss) arising during the period $ 665 $ 192 $ (1,466 ) Amortization of actuarial (gain) loss, included in defined benefit expense (934 ) (479 ) 27 Pension adjustment, net of tax $ (269 ) $ (287 ) $ (1,439 ) The investment objectives and target allocations for the Company’s pension plans related to the assets of the plans are reviewed on a regular basis. The investment objectives for the pension assets are to maximize the return on assets while maintaining an overall level of risk appropriate for a retirement fund and ensuring the availability of funds for the payment of retirement benefits. The levels of risk assumed by the pension plans are determined by market conditions, the rate of return expectations, and the liquidity requirements of each pension plan. The actual asset allocations of each pension plan are reviewed on a regular basis to ensure that they are in line with the target allocations. The following table presents the Company’s pension plan assets by asset category as of December 31, 2024 and 2023: Fair Value as of December 31, Fair Value Measurements at December 31, 2024 Using Fair Value Hierarchy Fair Value as of December 31, Fair Value Measurements at December 31, 2023 Using Fair Value Hierarchy (In thousands) 2024 Level 1 Level 2 Level 3 2023 Level 1 Level 2 Level 3 Equity Funds Domestic $ 5,496 $ 5,496 $ — $ — $ 5,623 $ 5,623 $ — $ — International 28 — 28 — 47 — 47 — International Fixed Income Funds 13,116 1,655 11,461 — 14,486 1,574 12,912 — Other investments 332 321 11 — 1,114 1,097 17 — Total assets at fair value $ 18,972 $ 7,472 $ 11,500 $ — $ 21,270 $ 8,294 $ 12,976 $ — The Company is required to categorize pension plan assets based on the following fair value hierarchy: Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability through corroboration with observable market data. Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	10. Accumulated Other Comprehensive Income The following table summarizes the changes in OCI for 2024, 2023, and 2022: (In thousands) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balance as of December 31 $ 206 $ (353 ) $ (174,481 ) $ (174,628 ) Other comprehensive income (loss) before reclassifications 215 (1,466 ) (23,816 ) (25,067 ) Amounts reclassified from OCI (1,020 ) 27 - (993 ) Balance as of December 31 2022 $ (599 ) $ (1,792 ) $ (198,297 ) $ (200,688 ) Other comprehensive income before reclassifications 3,833 192 27,262 31,287 Amounts reclassified from OCI (2,237 ) (479 ) - (2,716 ) Balance as of December 31 2023 $ 997 $ (2,079 ) $ (171,035 ) $ (172,117 ) Other comprehensive (loss) income before reclassifications (1,723 ) 665 (53,146 ) (54,204 ) Amounts reclassified from OCI 416 (934 ) - (518 ) Balance as of December 31 2024 $ (310 ) $ (2,348 ) $ (224,181 ) $ (226,839 ) (1) Cash Flow Hedges and Pension Items are net of tax.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Taxes [Abstract]
Income Taxes	11. Income Taxes Earnings before income taxes were as follows: (In thousands) 2024 2023 2022 United States $ 57,318 $ 45,900 $ 73,192 Foreign 105,480 83,951 109,012 Total $ 162,798 $ 129,851 $ 182,204 The provision for income taxes was as follows: (In thousands) 2024 2023 2022 Current income tax expense: Federal $ 20,307 $ 11,153 $ 21,640 State 3,375 2,814 5,138 Foreign 33,048 27,590 25,549 56,730 41,557 52,327 Deferred benefit: Federal (12,743 ) (4,656 ) (8,520 ) State (581 ) (813 ) (1,353 ) Foreign (5,274 ) 369 (1,137 ) (18,598 ) (5,100 ) (11,010 ) Income taxes $ 38,132 $ 36,457 $ 41,317 The reconciliation between the U.S. Federal tax rate and the actual effective tax rate was as follows 2024 2023 2022 Taxes at statutory rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal income tax benefit 1.0 1.1 1.7 Tax credits (1.6 ) (1.9 ) (1.3 ) Taxes on foreign earnings 4.1 4.8 2.9 Global Intangible Low-Taxed Income 0.5 0.6 0.4 Foreign Derived Intangible Income (1.2 ) (1.3 ) (1.0 ) Resolution of prior years’ tax matters 0.6 0.3 (0.1 ) Valuation allowance adjustments (1.4 ) 2.8 (2.7 ) Nondeductible compensation 0.9 1.2 1.9 Other, net (0.5 ) (0.5 ) (0.1 ) Effective tax rate 23.4 % 28.1 % 22.7 % Taxes on foreign earnings include the difference between the tax rates applied to foreign earnings relative to the U.S. statutory tax rate, accruals for foreign unrecognized tax benefits, and the impact of the U.S. foreign tax credit, not including the impact from Global Intangible Low-Taxed Income (GILTI). The impact on the Company’s effective tax rate varies from year to year based on the finalization of prior year foreign and domestic tax items, audit settlements, and mix of foreign earnings. The effective tax rates in 2024, 2023, and 2022 were all impacted by the release of valuation allowances related to net operating losses. The effective tax rates in 2023 and 2022 were also impacted by the release of valuation allowances related to the foreign tax credit carryover. The effective tax rates in 2024 and 2023 were further impacted by the limited tax deductibility of costs related to the Portfolio Optimization Plan Divestitures , and Note 15, Portfolio Optimization Plan . The Company’s valuation allowance at December was and The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities consisted of the following: (In thousands) 2024 2023 Deferred tax assets: Benefit plans $ 8,123 $ 8,976 Liabilities and reserves 20,322 20,960 Operating loss and credit carryovers 59,834 59,615 Capitalized research and development costs 18,666 13,148 Other 5,355 14,680 Gross deferred tax assets 112,300 117,379 Valuation allowance (29,743 ) (34,122 ) Deferred tax assets 82,557 83,257 Deferred tax liabilities: Property, plant, and equipment (26,092 ) (33,654 ) Goodwill (20,685 ) (22,299 ) Deferred tax liabilities (46,777 ) (55,953 ) Net deferred tax assets $ 35,780 $ 27,304 At December foreign tax credit carryovers were , all of which expire before At December foreign operating loss carryovers were The Company is electing to recognize GILTI as a period expense in the period the tax is incurred. The Organisation for Economic Co-operation and Development has issued Pillar Two model rules imposing a global minimum corporate tax rate of 15%. Many countries have implemented laws based on these model rules, with effective dates beginning in fiscal year 2024. The current rules do not materially increase our global tax costs as we do not have material operations in jurisdictions with tax rates lower than the Pillar Two minimum. We will continue to monitor U.S. and global legislative action related to Pillar Two for potential impacts Federal and state income taxes are provided on international subsidiary income distributed to or taxable in the U.S. during the year. At December 31, 2024, no additional income or withholding taxes have been provided for the $815.3 million of undistributed earnings or any additional outside basis differences inherent in these entities, as these amounts are considered to be invested indefinitely. If the undistributed earnings were repatriated, the Company A reconciliation of the change in the liability for unrecognized tax benefits for 2024 and 2023 is as follows: (In thousands) 2024 2023 Balance at beginning of year $ 4,251 $ 3,939 Increases for tax positions taken in the current year 865 876 Increases for tax positions taken in prior years 422 - Decreases related to settlements with tax authorities - (175 ) Decreases as a result of lapse of the applicable statutes of limitations (765 ) (610 ) Foreign currency exchange rate changes (382 ) 221 Balance at the end of year $ 4,391 $ 4,251 The amount of the unrecognized tax benefits that would affect the effective tax rate, if recognized, was approximately $4.7 million. The Company recognizes interest and penalties related to the unrecognized tax benefits in income tax expense. $0.5 million and $0.4 million of accrued interest and penalties were reported as an income tax liability as of December 31, 2024 and 2023, respectively. The liability for unrecognized tax benefits relates to multiple jurisdictions and is reported in Other Liabilities The Company believes that it is reasonably possible that the total amount of liability for unrecognized tax benefits as of December 31, 2024, will decrease by approximately $1.4 million during 2025, of which $0.8 million is estimated to impact the effective tax rate. The potential decrease relates to various tax matters for which the statute of limitations may expire or will be otherwise settled in 2025. The amount that is ultimately recognized in the financial statements will be dependent upon various factors including potential increases or decreases in unrecognized tax benefits as a result of examinations, settlements, and other unanticipated items that may occur during the year. With limited exceptions, the Company is no longer subject to federal, state, and local, or non-U.S. income tax examinations by tax authorities for years before 2020.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Dec. 31, 2024
Segment and Geographic Information [Abstract]
Segment and Geographic Information	12. Segment and Geographic Information The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on operating income before divestiture & other related income, share-based compensation, restructuring and other charges, including the Portfolio Optimization 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. Assets by business segment and geographic region are those assets used in the Company’s operations in each segment and geographic region. Segment assets reflect the allocation of goodwill to each segment. Corporate & Other assets consist primarily of accounts receivables from the securitization program, investments, deferred tax assets, and fixed assets. Segment Information The Company determines its operating segments based on information utilized by its chief operating decision maker (CODM) to allocate resources and assess performance. The Company’s CODM is the President and Chief Executive Officer. The CODM uses segment operating income or loss to allocate resources, which includes employees, financial, or capital resources, predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual and year-over-year variances on a monthly basis for segment operating income or loss when allocating capital and personnel resources to the segments. Segment performance is evaluated on operating income of the respective business units before divestiture & other related income, share-based compensation, and restructuring and other charges, including the Portfolio Optimization Plan costs The Company’s three reportable segments are Flavors & Extracts the Portfolio Optimization Plan Divestiture & other related income and restructuring and other costs, including the Portfolio Optimization Plan Divestitures, Portfolio Optimization Plan, (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Total 2024 : Total segment revenue $ 793,698 $ 647,939 $ 162,525 $ — $ 1,604,162 Intersegment revenue (28,175 ) (18,648 ) (111 ) — (46,934 ) Consolidated revenue from external customers 765,523 629,291 162,414 — 1,557,228 Cost of products sold 565,486 387,364 95,923 1,362 1,050,135 Selling and administrative expense 102,943 122,398 32,033 58,140 315,514 Segment operating income (loss) 97,094 119,529 34,458 (59,502 ) 191,579 Interest expense 28,781 Earnings before income taxes $ 162,798 Assets 802,177 819,380 116,817 285,420 2,023,794 Capital expenditures 29,237 21,722 2,375 5,878 59,212 Depreciation and amortization 30,437 23,417 2,472 4,003 60,329 2023 : Total segment revenue $ 741,072 $ 607,959 $ 146,090 $ — $ 1,495,121 Intersegment revenue (25,023 ) (13,643 ) (5 ) — (38,671 ) Consolidated revenue from external customers 716,049 594,316 146,085 — 1,456,450 Cost of products sold 530,769 376,512 85,737 3,135 996,153 Selling and administrative expense 97,507 112,434 29,548 65,785 305,274 Segment operating income (loss) 87,773 105,370 30,800 (68,920 ) 155,023 Interest expense 25,172 Earnings before income taxes $ 129,851 Assets 792,674 846,559 112,335 262,939 2,014,507 Capital expenditures 40,489 37,720 2,923 6,736 87,868 Depreciation and amortization 29,400 22,294 2,548 3,578 57,820 2022 : Total segment revenue $ 738,003 $ 604,017 $ 143,581 $ — $ 1,485,601 Intersegment revenue (27,411 ) (20,638 ) (513 ) — (48,562 ) Consolidated revenue from external customers 710,592 583,379 143,068 — 1,437,039 Cost of products sold 508,675 355,599 83,654 — 947,928 Selling and administrative expenses 96,493 113,161 29,922 52,784 292,360 Segment operating income (loss) 105,424 114,619 29,492 (52,784 ) 196,751 Interest expense 14,547 Earnings before income taxes $ 182,204 Assets 738,181 849,425 115,132 278,876 1,981,614 Capital expenditures 40,805 30,300 2,164 6,053 79,322 Depreciation and amortization 26,660 20,174 2,489 3,144 52,467 Geographic Information The Company has manufacturing facilities or sales offices in North America, Europe, Asia, Australia, South America, and Africa. The Company’s annual revenue summarized by geographic location is as follows: (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Consolidated 2024 : Revenue from external customers: North America $ 597,046 $ 313,180 $ 100 $ — $ 910,326 Europe 124,257 169,185 149 — 293,591 Asia Pacific 17,878 64,600 156,243 — 238,721 Other 26,342 82,326 5,922 — 114,590 Total revenue from external customers $ 765,523 $ 629,291 $ 162,414 $ — $ 1,557,228 Long-lived assets: North America $ 296,479 $ 272,418 $ — $ 124,917 $ 693,814 Europe 78,041 231,961 — 23 310,025 Asia Pacific — 3,655 29,317 — 32,972 Other 764 24,333 — — 25,097 Total long-lived assets $ 375,284 $ 532,367 $ 29,317 $ 124,940 $ 1,061,908 2023 : Revenue from external customers: North America $ 553,790 $ 304,995 $ 125 $ — $ 858,910 Europe 113,757 162,644 236 — 276,637 Asia Pacific 21,382 58,003 142,281 — 221,666 Other 27,120 68,674 3,443 — 99,237 Total revenue from external customers $ 716,049 $ 594,316 $ 146,085 $ — $ 1,456,450 Long-lived assets: North America $ 297,615 $ 277,730 $ — $ 114,995 $ 690,340 Europe 82,938 244,587 — 24 327,549 Asia Pacific 8 4,199 30,473 — 34,680 Other 241 25,081 — — 25,322 Total long-lived assets $ 380,802 $ 551,597 $ 30,473 $ 115,019 $ 1,077,891 2022 : Revenue from external customers: North America $ 541,120 $ 304,778 $ 120 $ — $ 846,018 Europe 115,925 151,437 213 — 267,575 Asia Pacific 29,092 61,064 139,134 — 229,290 Other 24,455 66,100 3,601 — 94,156 Total revenue from external customers $ 710,592 $ 583,379 $ 143,068 $ — $ 1,437,039 Long-lived assets: North America $ 286,497 $ 271,075 $ — $ 107,784 $ 665,356 Europe 86,248 236,719 — 24 322,991 Asia Pacific 237 3,796 29,915 — 33,948 Other 389 24,150 — — 24,539 Total long-lived assets $ 373,371 $ 535,740 $ 29,915 $ 107,808 $ 1,046,834 Sales in the United States, based on the final country of destination of the Company’s products, were , , and , in and respectively. No other country of destination exceeded 10% of consolidated sales. Total long-lived assets in the United States amounted to , , and , at December and respectively. Product Information The Company’s revenue summarized by product portfolio is as follows: (In thousands) Flavors & Extracts Color Asia Pacific Consolidated 2024 : Flavors, Extracts & Flavor Ingredients $ 508,052 $ — $ — $ 508,052 Natural Ingredients 285,646 — — 285,646 Food & Pharmaceutical Colors — 481,141 — 481,141 Personal Care — 166,798 — 166,798 Asia Pacific — — 162,525 162,525 Intersegment Revenue (28,175 ) (18,648 ) (111 ) (46,934 ) Total revenue from external customers $ 765,523 $ 629,291 $ 162,414 $ 1,557,228 2023 : Flavors, Extracts & Flavor Ingredients $ 496,036 $ — $ — $ 496,036 Natural Ingredients 245,036 — — 245,036 Food & Pharmaceutical Colors — 452,204 — 452,204 Personal Care — 155,755 — 155,755 Asia Pacific — — 146,090 146,090 Intersegment Revenue (25,023 ) (13,643 ) (5 ) (38,671 ) Total revenue from external customers $ 716,049 $ 594,316 $ 146,085 $ 1,456,450 2022 : Flavors, Extracts & Flavor Ingredients $ 498,055 $ — $ — $ 498,055 Natural Ingredients 239,948 — — 239,948 Food & Pharmaceutical Colors — 437,065 — 437,065 Personal Care — 165,335 — 165,335 Inks — 1,617 — 1,617 Asia Pacific — — 143,581 143,581 Intersegment Revenue (27,411 ) (20,638 ) (513 ) (48,562 ) Total revenue from external customers $ 710,592 $ 583,379 $ 143,068 $ 1,437,039

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2024
Fair Value Measurements [Abstract]
Fair Value Measurements	13. Fair Value Measurements ASC 820, Fair Value Measurement

Divestitures

Divestitures	12 Months Ended
	Dec. 31, 2024
Divestitures [Abstract]
Divestitures	14. Divestitures The Company reports all costs and income associated with the divestitures in Corporate & Other. There were no divestiture & other related costs or income for the years ended December 31, 2024 and 2023. For the year ended December 31, 2022, the Company received $2.5 million of net cash related to the previously completed sale of its yogurt fruit preparations product line and recor ded a corresponding $2.5 million gain Selling and Administrative Expenses .

Portfolio Optimization Plan

Portfolio Optimization Plan	12 Months Ended
	Dec. 31, 2024
Portfolio Optimization Plan [Abstract]
Portfolio Optimization Plan	15. Portfolio Optimization Plan During the fourth quarter of 2023, the Board of Directors of the Company approved a plan to undertake an effort to optimize certain production facilities and improve efficiencies within the Company (Portfolio Optimization Plan). As part of the Portfolio Optimization Plan, in the Flavors & Extracts segment, the Company evaluated the closure of its manufacturing facility in Felinfach, Wales, United Kingdom, the closure of its sales office in Granada, Spain, and the centralization and elimination of certain selling and administrative positions. In addition, in the Color segment, the Company evaluated the closure of a manufacturing facility in Delta, British Columbia, Canada, the closure of a sales office in Argentina, and centralizing and eliminating certain production positions and selling and administrative positions. The Company reports all costs associated with the Portfolio Optimization Plan in the Corporate & Other segmen t The Company’s Felinfach site will continue to operate until all production activities have successfully transferred to other locations, and then will be closed. The Company has substantially completed all other actions contemplated under the Portfolio Optimization Plan in accordance with local laws. The Company recorded $2.5 million and $3.7 million of accrued liabilities in Other Accrued Expenses The following table summarizes the Portfolio Optimization Plan expenses by segment for the year ended December 31, 2024: (In thousands) Flavors & Extracts Color Corporate & Other Consolidated Non-cash impairment charges – Selling and administrative expenses $ - $ 1,129 $ - $ 1,129 Non-cash charges – Cost of products sold 934 (194 ) - 740 Employee separation – Selling and administrative expenses 1,450 583 26 2,059 Other production costs – Cost of products sold 622 - - 622 Other costs – Selling and administrative expenses (1) 1,813 382 (114 ) 2,081 Total $ 4,819 $ 1,900 $ (88 ) $ 6,631 (1) Other costs include professional services, decommissioning costs, and other related costs. The following table summarizes the Portfolio Optimization Plan expenses by segment for the year ended December 31, 2023: (In thousands) Flavors & Extracts Color Corporate & Other Consolidated Non-cash impairment charges – Selling and administrative expenses $ 11,599 $ 9,355 $ - $ 20,954 Non-cash charges – Cost of products sold 2,040 1,095 - 3,135 Employee separation – Selling and administrative expenses 2,820 288 108 3,216 Other costs – Selling and administrative expenses (1) 39 497 - 536 Total $ 16,498 $ 11,235 $ 108 $ 27,841 (1) Other costs include legal settlements, professional services, and other related costs.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	16. Commitments and Contingencies 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.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2024
Subsequent Event [Abstract]
Subsequent Event	17. Subsequent Event On , the Company announced its quarterly dividend of cents per share would be payable on .

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Abstract]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	The Company recognizes the importance of assessing, identifying, and managing material risks associated with cybersecurity threats in order to safeguard our information systems and protect the confidentiality, integrity, and availability of our information systems and the information residing therein. We have implemented several cybersecurity processes to aid in our efforts to assess, identify, and manage such material risks. Our risk management program considers cybersecurity threat risks alongside other risks as part of our overall risk assessment process. We believe that integrating our cybersecurity risk management into our broader risk management framework promotes a company-wide culture of cybersecurity risk management and ensures that cybersecurity considerations are an integral part of decision-making at every level. We employ a wide range of tools, policies, and services, including but not limited to penetration testing, network and endpoint monitoring, vulnerability assessments, information segregation, and tabletop exercises to inform our risk identification and assessment. We routinely review and upgrade our information technology and cybersecurity systems in order to better manage, report, and protect the information related to our formulas and processes, research and development, trade secrets, products, customers and suppliers, employees, and other sensitive information. We also have a cybersecurity specific risk assessment process that helps us identify our cybersecurity threat risks and maturity level by comparing our processes to standards set by the International Organization for Standardization. To provide for the availability of critical data and systems, maintain regulatory compliance, manage our material risks from cybersecurity threats, and to protect against, detect, and respond to cybersecurity incidents, we: • Run tabletop exercises with our executive team to simulate a response to a cybersecurity incident and use the findings to improve our processes and technologies; • Conduct regular third-party assessments of our cybersecurity program; • Undertake regular reviews of our incident response plan and other policies related to cybersecurity; • Run regular cyber penetration testing; • Through policy and practice, classify information, restrict access, and require employees to treat sensitive data with care; and • Conduct an annual employee training program, including regular phishing email simulations for all employees with access to corporate email systems to enhance awareness and responsiveness to such possible threats. Our incident response plan coordinates the activities we take to prepare for, detect, respond to, and recover from cybersecurity incidents, which include processes to triage, assess severity of, escalate, contain, investigate, and remediate the incident, as well as to comply with potentially applicable legal obligations. Recognizing the complexity and evolving nature of cybersecurity threats, the Company engages third-party experts, including assessors, auditors, and consultants, in evaluating and testing our risk management systems. Such engagements include: managed security services, regular audits, penetration testing, threat assessments, and consultation on security enhancements. The Company has processes in place to oversee and manage its use of third-party vendors. We conduct security assessments of third-party vendors engaged, limit the information systems of the Company available to the third party, and maintain monitoring to ensure compliance with our cybersecurity standards. From time to time, we experience cybersecurity incidents and threats to our systems and information. Through the date hereof, no risks from identified cybersecurity threats, including as a result of any previous cybersecurity incidents, have materially affected, and we do not believe are reasonably likely to materially affect, the Company, including our business strategy, results of operations, or financial condition. However, we cannot guarantee that we will not be materially affected in the future. Cybersecurity threats rapidly evolve and are complex, so we must continually adapt and enhance our processes. As we do this, we must make judgments about where and how to invest resources to most effectively protect ourselves from threats. These are inherently challenging processes, and we can provide no assurance that the processes that we implement will be effective. For more information regarding cybersecurity risks that could impact the Company, see our risk factor disclosures at Item 1A of this Annual Report on Form 10-K, which such disclosures are incorporated by reference herein.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We employ a wide range of tools, policies, and services, including but not limited to penetration testing, network and endpoint monitoring, vulnerability assessments, information segregation, and tabletop exercises to inform our risk identification and assessment. We routinely review and upgrade our information technology and cybersecurity systems in order to better manage, report, and protect the information related to our formulas and processes, research and development, trade secrets, products, customers and suppliers, employees, and other sensitive information. We also have a cybersecurity specific risk assessment process that helps us identify our cybersecurity threat risks and maturity level by comparing our processes to standards set by the International Organization for Standardization.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	Through the date hereof, no risks from identified cybersecurity threats, including as a result of any previous cybersecurity incidents, have materially affected, and we do not believe are reasonably likely to materially affect, the Company, including our business strategy, results of operations, or financial condition. However, we cannot guarantee that we will not be materially affected in the future.
Cybersecurity Risk Board of Directors Oversight [Text Block]	Governance Cybersecurity is an important part of our risk management processes and an area of focus for our Board and management. Our entire Board is responsible for the oversight of risks from cybersecurity threats. At least twice annually, the entire Board receives an overview from management of our cybersecurity progress and effectiveness, covering topics such as current cybersecurity landscape and emerging threats, data security posture, results from third-party assessments, status of ongoing initiatives and strategies, and material cybersecurity threat risks or, if any, incidents and developments. In these sessions, the Board receives materials and discusses such matters with our Chief Information Officer. The Board also receives annual training on cybersecurity. In addition, we have formed an executive level steering committee (including the CEO, CFO, Group Presidents, General Counsel, VP, Human Resources, Controller/Chief Accounting Officer, and Chief Information Officer) that provides oversight and routinely discusses cybersecurity matters. Our cybersecurity risk management and strategy processes, which are discussed in greater detail above, are led by our Chief Information Officer, our Director of Information Security, and our Director of Infrastructure. These individuals collectively have over 88 years of prior work experience in various roles in the information security field, including managing and implementing effective information technology and cybersecurity programs, as well as relevant degrees and certifications, including a Certified Information Systems Security Professional certification. These members of management are informed about and monitor the prevention, mitigation, detection, and remediation of cybersecurity incidents through their management of, and participation in, the cybersecurity risk management and strategy processes described above, including the operation of our incident response plan. As discussed above, our Chief Information Officer reports to the entire Board about cybersecurity threat risks, among other cybersecurity matters, at least twice annually or more frequently as circumstances may require.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Cybersecurity is an important part of our risk management processes and an area of focus for our Board and management. Our entire Board is responsible for the oversight of risks from cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	At least twice annually, the entire Board receives an overview from management of our cybersecurity progress and effectiveness, covering topics such as current cybersecurity landscape and emerging threats, data security posture, results from third-party assessments, status of ongoing initiatives and strategies, and material cybersecurity threat risks or, if any, incidents and developments. In these sessions, the Board receives materials and discusses such matters with our Chief Information Officer. The Board also receives annual training on cybersecurity. In addition, we have formed an executive level steering committee (including the CEO, CFO, Group Presidents, General Counsel, VP, Human Resources, Controller/Chief Accounting Officer, and Chief Information Officer) that provides oversight and routinely discusses cybersecurity matters.
Cybersecurity Risk Role of Management [Text Block]	Our cybersecurity risk management and strategy processes, which are discussed in greater detail above, are led by our Chief Information Officer, our Director of Information Security, and our Director of Infrastructure. These individuals collectively have over 88 years of prior work experience in various roles in the information security field, including managing and implementing effective information technology and cybersecurity programs, as well as relevant degrees and certifications, including a Certified Information Systems Security Professional certification. These members of management are informed about and monitor the prevention, mitigation, detection, and remediation of cybersecurity incidents through their management of, and participation in, the cybersecurity risk management and strategy processes described above, including the operation of our incident response plan. As discussed above, our Chief Information Officer reports to the entire Board about cybersecurity threat risks, among other cybersecurity matters, at least twice annually or more frequently as circumstances may require.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our cybersecurity risk management and strategy processes, which are discussed in greater detail above, are led by our Chief Information Officer, our Director of Information Security, and our Director of Infrastructure.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our cybersecurity risk management and strategy processes, which are discussed in greater detail above, are led by our Chief Information Officer, our Director of Information Security, and our Director of Infrastructure. These individuals collectively have over 88 years of prior work experience in various roles in the information security field, including managing and implementing effective information technology and cybersecurity programs, as well as relevant degrees and certifications, including a Certified Information Systems Security Professional certification.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	These members of management are informed about and monitor the prevention, mitigation, detection, and remediation of cybersecurity incidents through their management of, and participation in, the cybersecurity risk management and strategy processes described above, including the operation of our incident response plan. As discussed above, our Chief Information Officer reports to the entire Board about cybersecurity threat risks, among other cybersecurity matters, at least twice annually or more frequently as circumstances may require.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Schedule II Valuation and Quali

Schedule II Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2024
Schedule II - Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Financial Statement Schedule Schedule II Valuation and Qualifying Accounts (in thousands); Years Ended December 31, 2024, 2023, and 2022 Valuation Accounts Deducted in the Balance Sheet From the Assets to Which They Apply Balance at Beginning of Period Additions Charged to Costs and Expenses Additions Recorded During Acquisitions Deductions Balance at End of Period 2022 Allowance for losses: Trade accounts receivable $ 4,877 $ 944 $ 0 $ 1,385 $ 4,436 2023 Allowance for losses: Trade accounts receivable $ 4,436 $ 1,020 $ 0 $ 1,083 $ 4,373 2024 Allowance for losses: Trade accounts receivable $ 4,373 $ 1,527 $ 0 $ 877 $ 5,023 All other schedules are omitted because they are inapplicable, not required by the instructions, or the information is included in the consolidated financial statements or notes thereto.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Company and have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements requires the use of management’s estimates and assumptions that affect reported amounts of assets, liabilities, revenue, and expenses during the reporting period and the disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition The Company recognizes revenue at the transfer of control of its products to the Company’s customers in an amount reflecting the consideration to which the Company expects to be entitled. In order to achieve this core principle, the Company applies the following five-step approach: • Identification of the contract, or contracts, with a customer • Identification of the performance obligations in the contract • Determination of the transaction price • Allocation of the transaction price to the performance obligations in the contract • Recognition of revenue when, or as, the Company satisfies the performance obligations The Company considers customer purchase orders, which in some cases are governed by master sales or supply agreements, coupled with the Company’s purchase order acceptances, to be the contracts with the customer. For each contract, the Company considers the identified performance obligation to be the promise to transfer products. In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment and then determines the net consideration to which the Company expects to be entitled. In addition, the Company assesses the customer’s ability to pay as part of its evaluation of the contract. As the Company’s standard payment terms are less than one year, the Company elected the practical expedient under Accounting Standards Codification (ASC) 606-10-32-18, and determined that its contracts do not have a significant financing component. The Company allocates the transaction price to each distinct product based on the relative standalone selling price. Revenue is recognized when control of the product is transferred to the customer, the customer is obligated to pay the Company, and the Company has no remaining obligations, which is typically at shipment. In certain locations, primarily outside the United States, product delivery terms may vary. Thus, in such locations, the point at which control of the product transfers to the customer and revenue recognition occurs will vary accordingly. Customer returns of non-conforming products are estimated at the time revenue is recognized. In certain customer relationships, volume rebates exist, which are recognized according to the terms and conditions of the contractual relationship. Customer returns, rebates, and discounts are not material to the Company’s consolidated financial statements. The Company has elected to recognize the revenue and cost for freight and shipping when control over the products has transferred to the customer. The Company has elected to immediately expense contract costs related to obtaining a contract as the amortization period of the asset the Company otherwise would have recognized would have been less than a year. In addition to evaluating the Company’s performance based on the segments above, revenue is also disaggregated and analyzed by product line and geographic market (See Note 12, Segment and Geographic Information, .
Cost of Products Sold	Cost of Products Sold Cost of products sold includes materials, labor, and overhead expenses incurred in the manufacture of our products. Cost of products sold also includes charges for obsolete and slow-moving inventories as well as costs for quality control, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs, other costs of our internal distribution network, and costs incurred for shipping and handling. The Company records fees billed to customers for shipping and handling as revenue.
Selling and Administrative Expenses	Selling and Administrative Expenses Selling and administrative expenses primarily include the salaries and related costs for executive, finance, accounting, human resources, information technology, research and development, and legal personnel as well as salaries and related costs of salespersons and commissions paid to external sales agents.
Cash Equivalents	Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less at the date of acquisition as cash equivalents.
Accounts Receivable	Accounts Receivable Receivables are recorded at their face amount, less an allowance for losses on doubtful accounts. The allowance for doubtful accounts is based on customer-specific analysis and general matters such as current assessments of past due balances and economic conditions. Specific accounts are written off against the allowance for doubtful accounts when it is deemed that the receivable is no longer collectible.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Net realizable value is determined on the basis of estimated realizable values. Cost is determined using the first-in, first-out (FIFO) method. Inventories include finished and in-process products totaling $426.8 million and $437.1 million at December 31, 2024 and 2023, respectively, and raw materials and supplies of $173.5 million and $161.3 million at December 31, 2024 and 2023, respectively. The Company recorded non-cash charges of $0.7 million and $3.1 million in related to the Portfolio Optimization Plan , for additional information.
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant, and equipment are recorded at cost reduced by accumulated depreciation. Depreciation is provided over the estimated useful life of the related asset using the straight-line method for financial reporting. The estimated useful lives for buildings and leasehold improvements range from 5 to 40 years. Machinery and equipment have estimated useful lives ranging from 3 to 20 years. Interest costs on significant projects constructed or developed for the Company’s own use are capitalized as part of the asset.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The carrying value of goodwill is evaluated for impairment on an annual basis or more frequently when an indicator of impairment occurs. The impairment assessment includes comparing the carrying amount of net assets, including goodwill, of each reporting unit to its respective fair value as of the date of the assessment. Fair value was estimated based upon an evaluation of the reporting unit’s estimated future discounted cash flows as well as the public trading and private transaction valuation multiples for comparable companies. The Company performed such a quantitative analysis in 2022, which indicated a substantial premium compared to the carrying value of net assets, including goodwill, at the reporting unit level. The cost of intangible assets with determinable useful lives is amortized on a straight-line basis to reflect the pattern of economic benefits consumed, ranging from 5 to 25 years. These assets include technological know-how, customer relationships, patents, trademarks, trade secrets, and non-compete agreements, among others.
Impairment of Long-lived Assets	Impairment of Long-lived Assets The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company performs undiscounted cash flow analyses to determine if potential impairment exists. If impairment is determined to exist, any related impairment loss is calculated based on the difference between fair value and carrying value. Impairment losses were recorded as a result of the Company’s Portfolio Optimization Plan in 2023. See Note 15 , Portfolio Optimization Plan
Leases	Leases The Company enters into lease agreements for certain office space, warehouses, land, and equipment in the ordinary course of business. The Company determines if an arrangement is a lease at inception and evaluates the lease classification (i.e., operating lease or financing lease) at that time. Lease arrangements with an initial term of 12 months or less are considered short-term leases and are not recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the term of the lease. Operating leases are included in Other Assets Other Accrued Expenses Other Liabilities The Company uses its incremental borrowing rate on the commencement date for determining the present value of lease payments. The Company considers the likelihood of exercising options to extend or terminate the lease when determining the lease term. The Company has lease agreements with lease and non-lease components. The Company has elected the practical expedient of accounting for the lease and non-lease components of each lease as a single lease component.
Derivative Financial Instruments	Derivative Financial Instruments The Company selectively uses derivative financial instruments to reduce market risk associated with changes in foreign currency and interest rate exposures, which exist as part of ongoing business operations. All derivative transactions are authorized and executed pursuant to the Company’s risk management policies and procedures, which strictly prohibit the use of financial instruments for speculative trading purposes. The primary objectives of the foreign exchange risk management activities are to understand and mitigate the impact of potential foreign exchange fluctuations on the Company’s financial results and its economic well-being. Changes in the fair value of derivatives that are designated as fair value hedges, along with the gain or loss on the hedged item, are recorded in current period earnings. These risk management transactions may involve the use of foreign currency derivatives to protect against exposure resulting from recorded accounts receivable and payable. The Company may utilize forward exchange contracts, generally with maturities of less than 18 months, which qualify as cash flow hedges. Generally, these foreign exchange contracts are intended to offset the effect of exchange rate fluctuations on non-functional currency denominated sales and purchases. For derivative instruments that are designated as cash flow hedges, gains and losses are deferred in Accumulated Other Comprehensive Income For hedges designated as cash flow hedges, the Company elects critical terms that match at the onset of the hedge transaction. Hedge accounting is permitted only if the hedge meets the critical terms match requirements. The Company reviews the critical terms at each effectiveness testing date to ensure the respective terms match; therefore, achieving a highly effective hedge.
Interest Rate Hedging	Interest Rate Hedging The Company is exposed to interest rate risk through its corporate borrowing activities. The objective of the Company’s interest rate risk management activities is to manage the levels of the Company’s fixed and floating interest rate exposure to be consistent with the Company’s preferred mix. The interest rate risk management program may include entering into interest rate swaps, which qualify as fair value hedges, when there is a desire to modify the Company’s exposure to interest rates. Gains or losses on fair value hedges are recognized in earnings, net of gains and losses on the fair value of the hedged instruments.
Net Investments Hedging	Net Investments Hedging The Company is exposed to risk related to its net investments in foreign subsidiaries. As part of its risk management activities, the Company may enter into foreign-denominated debt to be used as a non-derivative instrument to hedge the Company’s net investment in foreign subsidiaries. The change in the fair value of debt designated as a net investment hedge is recorded in foreign currency translation in OCI.
Commodity Purchases	Commodity Purchases The Company purchases certain commodities in the normal course of business that result in physical delivery of the goods and, hence, are excluded from ASC 815, Derivatives and Hedging
Translation of Foreign Currencies	Translation of Foreign Currencies For all significant foreign operations, the functional currency is the local currency. Assets and liabilities of foreign operations are translated into U.S. dollars at current exchange rates. Revenue and expense accounts are translated into U.S. dollars at average exchange rates prevailing during the year. Adjustments resulting from the translation of foreign accounts into U.S. dollars are recorded in foreign currency translation in OCI. Transaction gains and losses that occur as a result of transactions denominated in non-functional currencies are included in earnings and were not significant during the years ended December 31, 2024, 2023, and 2022.
Share-Based Compensation	Share-Based Compensation Share-based compensation expense is recognized over the vesting period of each award based on the fair value of the instrument at the time of grant as summarized in Note 8, Share-Based Compensation.
Income Taxes	Income Taxes The Company recognizes a current tax liability or asset for the estimated taxes payable or refundable on tax returns for the current year and a deferred tax liability or asset for the estimated future tax effects attributable to temporary differences and carryforwards. The measurement of current and deferred tax liabilities and assets is based on provisions of enacted tax law. Deferred tax assets are reduced, if necessary, by the amount of any tax benefits for which the utilization of the asset is not considered likely.
Earnings Per Share	Earnings Per Share The difference between basic and diluted earnings per share (EPS) is the dilutive effect of non-vested stock. Diluted EPS assumes that non-vested stock has vested. The following table sets forth the computation of basic and diluted EPS for the years ended December 31: Years Ended December 31, (In thousands except per share amounts) 2024 2023 2022 Numerator: Net earnings $ 124,666 $ 93,394 $ 140,887 Denominator: Denominator for basic EPS - weighted average common shares 42,145 42,027 41,888 Effect of dilutive securities 251 215 325 Denominator for diluted EPS - diluted weighted average shares outstanding 42,396 42,242 42,213 Earnings per Common Share: Basic $ 2.96 $ 2.22 $ 3.36 Diluted $ 2.94 $ 2.21 $ 3.34 The Company has a share-based compensation plan under which employees may be granted share-based awards in which non-forfeitable dividends are paid on non-vested shares for certain awards. As such, these shares are considered participating securities under the two-class method of calculating EPS as described in ASC 260, Earnings per Share. All EPS amounts are presented on a diluted basis unless otherwise noted.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Accumulated OCI is composed primarily of foreign currency translation, pension liability, and unrealized gains or losses on cash flow hedges. See Note 10, Accumulated Other Comprehensive Income,
Research and Development	Research and Development Research and development costs are recorded in S elling and Administrative Expenses in the year they are incurred. Research and development costs were $ million, $ million, and $ million, during the years ended December 31, 2024, 2023, and 2022, respectively.
Advertising	Advertising Advertising costs are recorded in Selling and Administrative Expenses as they are incurred. Advertising costs were $ million, $ million, and $1.9 million, during the years ended December 31, 2024, 2023, and 2022, respectively.
Environmental Liabilities	Environmental Liabilities The Company records liabilities related to environmental remediation obligations when estimated future expenditures are probable and reasonably estimable. Such accruals are adjusted as further information becomes available or as circumstances change. Estimated future expenditures are discounted to their present value when the timing and amount of future cash flows are fixed and readily determinable. Recoveries of remediation costs from other parties, if any, are recognized as assets when their receipt is realizable.
Subsequent Events	Subsequent Events The Company performed an evaluation of subsequent events through the date these financial statements were issued. See Note 17, Subsequent Event
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , this ASU requires the Company to disclose the title and position of its CODM and how the CODM uses , and the adoption did not have a material impact on the Company ’s consolidated financial statements. Recently Issued Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which will require the Company to disclose specified additional information in its income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This ASU will also require the Company to disaggregate its income taxes paid disclosure by federal The Company is currently evaluating the potential impact of this standard on its consolidated financial statements and its related disclosures. In November 2024 , the FASB issued ASU No. 2024-03, Income Statement Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40) – , 202 Other recently issued accounting pronouncements are not expected to have a material impact on the Company’s consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Weighted-Average Common Shares for the Computation of EPS	The following table sets forth the computation of basic and diluted EPS for the years ended December 31: Years Ended December 31, (In thousands except per share amounts) 2024 2023 2022 Numerator: Net earnings $ 124,666 $ 93,394 $ 140,887 Denominator: Denominator for basic EPS - weighted average common shares 42,145 42,027 41,888 Effect of dilutive securities 251 215 325 Denominator for diluted EPS - diluted weighted average shares outstanding 42,396 42,242 42,213 Earnings per Common Share: Basic $ 2.96 $ 2.22 $ 3.36 Diluted $ 2.94 $ 2.21 $ 3.34

Trade Accounts Receivable (Tabl

Trade Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2024
Trade Accounts Receivable [Abstract]
Changes in Allowance for Doubtful Accounts	The following table summarizes the changes in the allowance for doubtful accounts for the years ended December 31, 2024 and 2023: (In thousands) Allowance for Doubtful Accounts Balance at December 31, 2022 $ 4,436 Provision for expected credit losses 1,020 Accounts written off (1,279 ) Translation and other activity 196 Balance at December 31, 2023 $ 4,373 Provision for expected credit losses 1,527 Accounts written off (596 ) Translation and other activity (281 ) Balance at December 31, 2024 $ 5,023

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets [Abstract]
Intangible Assets	At December 31, 2024 and 2023, goodwill is the only intangible asset that is not subject to amortization. The following table summarizes intangible assets with determinable useful lives by major category as of December 31, 2024 and 2023: 2024 2023 (In thousands except weighted average amortization years) Weighted Average Amortization Years Cost Accumulated Amortization Cost Accumulated Amortization Technological know-how 11.7 $ 6,643 $ (3,119 ) $ 7,452 $ (4,412 ) Customer relationships 19.0 9,611 (3,672 ) 9,689 (3,242 ) Patents, trademarks, non-compete agreements, and other 15.6 12,121 (9,701 ) 12,147 (9,522 ) Total finite-lived intangibles 15.8 $ 28,375 $ (16,492 ) $ 29,288 $ (17,176 )
Changes in Goodwill by Business Segment	The changes in goodwill for the years ended December 31, 2024 and 2023, by reportable business segment, were as follows: (In thousands) Flavors & Extracts Color Asia Pacific Consolidated Balance as of December 31 2022 $ 100,920 $ 310,079 $ 4,716 $ 415,715 Currency translation impact 2,393 6,102 (145 ) 8,350 Balance as of December 31 2023 $ 103,313 $ 316,181 $ 4,571 $ 424,065 Currency translation impact (3,070 ) (9,001 ) (219 ) (12,290 ) Balance as of December 31 2024 $ 100,243 $ 307,180 $ 4,352 $ 411,775

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Maturities of Operating Lease Liabilities	As of December maturities of operating lease liabilities for future annual periods are as follows: (In s) Year ending December 2025 $ 9,086 2026 7,323 2027 6,276 2028 4,135 2029 3,562 Thereafter 11,801 Total lease payments 42,183 Less imputed interest (5,830 ) Present value of lease liabilities $ 36,353

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt [Abstract]
Long-Term Debt	Long-term debt consisted of the following unsecured obligations at December 31: (In thousands) 2024 2023 3.65 May 2024 $ - $ 27,000 4.19 November 2025 25,000 25,000 6.08% senior notes due November 2026 35,000 35,000 6.14% senior notes due November 2027 35,000 35,000 4.94 May 2028 75,000 75,000 6.34% senior notes due November 2029 35,000 35,000 1.27 May 2024 - 55,194 1.71 May 2027 41,416 44,155 4.15% Euro-denominated senior notes due May 2028 41,416 44,155 4.62% Euro-denominated senior notes due November 2029 41,416 44,155 2.76 November 2025 31,289 31,827 Euro-denominated term loan 77,657 82,790 Revolving Credit Facilities 175,125 111,039 Various other notes 536 117 Total debt 613,855 645,432 Less debt fees (133 ) (230 ) Less current portion (199 ) (117 ) Total long-term debt $ 613,523 $ 645,085
Contractual Maturities on Long-Term Debt	The aggregate amounts of contractual maturities on long-term debt subsequent to December 31, 2024, are as follows: (In s) Year ending December 2025 $ 218,875 2026 125,308 2027 76,523 2028 116,406 2029 76,411 Total long-term debt maturities $ 613,523
Short-Term Borrowings	The Company’s short-term borrowings consisted of the following items at December 31: (In thousands) 2024 2023 U.S. credit facilities $ 18,382 $ 13,343 Current maturities of long-term debt 199 117 Loans of foreign subsidiaries 1,267 - Total $ 19,848 $ 13,460

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Compensation [Abstract]
Non-vested Stock and Performance Unit Activity	The following table summarizes the non-vested stock and performance stock unit activity: (In thousands except fair value) Shares Grant Date Weighted Average Fair Value Aggregate Intrinsic Value Outstanding at December 31 482 $ 69.15 $ 48,271 Granted 168 73.52 Vested (62 ) 58.81 Cancelled (69 ) 58.62 Outstanding at December 31 2022 519 73.19 37,883 Granted 201 61.61 Vested, net (179 ) 63.02 Cancelled (5 ) 72.45 Outstanding at December 31 2023 536 72.26 35,383 Granted 190 71.79 Vested, net (115 ) 79.47 Cancelled (70 ) 70.87 Outstanding at December 31 2024 541 $ 70.74 $ 38,517

Retirement Plans (Tables)

Retirement Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Plans [Abstract]
Funded Status of Defined Benefit Plan	Although the Company intends for these defined contribution plans to be the primary retirement benefit for most employees, the Company also has several defined benefit plans. The funded status of the defined benefit plans was as follows at December 31: (In thousands) 2024 2023 Benefit obligation at beginning of year $ 36,413 $ 32,367 Service cost 1,736 1,741 Interest cost 1,839 1,886 Foreign currency exchange rate changes (979 ) 999 Benefits paid (5,266 ) (2,737 ) Actuarial (gain) loss (2,856 ) 2,157 Benefit obligation at end of year 30,887 36,413 Plan assets at beginning of year 21,270 19,929 Company contributions 4,192 1,598 Foreign currency exchange rate changes (544 ) 920 Benefits paid (5,266 ) (2,737 ) Actual (loss) gain on plan assets (680 ) 1,560 Plan assets at end of year 18,972 21,270 Funded status $ (11,915 ) $ (15,143 ) Accumulated benefit obligation $ 29,480 $ 34,786
Amounts Recognized in Consolidated Balance Sheets	Amounts recognized in the Consolidated Balance Sheets at December 31: (In thousands) 2024 2023 Accrued employee and retiree benefits $ (15,882 ) $ (19,165 ) Other accrued expenses (693 ) (726 ) Other assets 4,660 4,748 Net liability $ (11,915 ) $ (15,143 )
Annual Benefit Cost	Components of annual benefit cost: (In thousands) 2024 2023 2022 Service cost $ 1,736 $ 1,741 $ 1,622 Interest cost 1,839 1,886 953 Expected return on plan assets (1,237 ) (1,007 ) (785 ) Recognized actuarial (gain) loss (359 ) (656 ) 32 Settlement income (610 ) - - Defined benefit expense $ 1,369 $ 1,964 $ 1,822
Weighted Average Assumptions	Weighted average liability assumptions as of December 31: 2024 2023 Discount rate 5.83 % 5.15 % Expected return on plan assets 5.71 % 4.91 % Rate of compensation increase 1.17 % 1.14 % Weighted average cost assumptions for the year ended December 31: 2024 2023 2022 Discount rate 5.15 % 5.12 % 2.35 % Expected return on plan assets 4.91 % 4.89 % 2.54 % Rate of compensation increase 1.14 % 0.90 % 1.02 %
Amounts Recognized in Accumulated Other Comprehensive Loss	Amounts in accumulated other comprehensive loss at December 31 were as follows: (In thousands) 2024 2023 Unrecognized net actuarial loss $ 2,996 $ 2,936 Prior service cost 146 155 Total before tax effects $ 3,142 $ 3,091
Pension Adjustments Recognized in Accumulated Other Comprehensive Income	The pension adjustments, net of tax, recognized in OCI, were as follows: (In thousands) 2024 2023 2022 Net actuarial gain (loss) arising during the period $ 665 $ 192 $ (1,466 ) Amortization of actuarial (gain) loss, included in defined benefit expense (934 ) (479 ) 27 Pension adjustment, net of tax $ (269 ) $ (287 ) $ (1,439 )
Pension Plan Assets by Asset Category	The following table presents the Company’s pension plan assets by asset category as of December 31, 2024 and 2023: Fair Value as of December 31, Fair Value Measurements at December 31, 2024 Using Fair Value Hierarchy Fair Value as of December 31, Fair Value Measurements at December 31, 2023 Using Fair Value Hierarchy (In thousands) 2024 Level 1 Level 2 Level 3 2023 Level 1 Level 2 Level 3 Equity Funds Domestic $ 5,496 $ 5,496 $ — $ — $ 5,623 $ 5,623 $ — $ — International 28 — 28 — 47 — 47 — International Fixed Income Funds 13,116 1,655 11,461 — 14,486 1,574 12,912 — Other investments 332 321 11 — 1,114 1,097 17 — Total assets at fair value $ 18,972 $ 7,472 $ 11,500 $ — $ 21,270 $ 8,294 $ 12,976 $ —

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income [Abstract]
Changes in OCI	The following table summarizes the changes in OCI for 2024, 2023, and 2022: (In thousands) Cash Flow Hedges (1) Pension Items (1) Foreign Currency Items Total Balance as of December 31 $ 206 $ (353 ) $ (174,481 ) $ (174,628 ) Other comprehensive income (loss) before reclassifications 215 (1,466 ) (23,816 ) (25,067 ) Amounts reclassified from OCI (1,020 ) 27 - (993 ) Balance as of December 31 2022 $ (599 ) $ (1,792 ) $ (198,297 ) $ (200,688 ) Other comprehensive income before reclassifications 3,833 192 27,262 31,287 Amounts reclassified from OCI (2,237 ) (479 ) - (2,716 ) Balance as of December 31 2023 $ 997 $ (2,079 ) $ (171,035 ) $ (172,117 ) Other comprehensive (loss) income before reclassifications (1,723 ) 665 (53,146 ) (54,204 ) Amounts reclassified from OCI 416 (934 ) - (518 ) Balance as of December 31 2024 $ (310 ) $ (2,348 ) $ (224,181 ) $ (226,839 ) (1) Cash Flow Hedges and Pension Items are net of tax.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Taxes [Abstract]
Earnings Before Income Taxes	Earnings before income taxes were as follows: (In thousands) 2024 2023 2022 United States $ 57,318 $ 45,900 $ 73,192 Foreign 105,480 83,951 109,012 Total $ 162,798 $ 129,851 $ 182,204
Provision for Income Taxes	The provision for income taxes was as follows: (In thousands) 2024 2023 2022 Current income tax expense: Federal $ 20,307 $ 11,153 $ 21,640 State 3,375 2,814 5,138 Foreign 33,048 27,590 25,549 56,730 41,557 52,327 Deferred benefit: Federal (12,743 ) (4,656 ) (8,520 ) State (581 ) (813 ) (1,353 ) Foreign (5,274 ) 369 (1,137 ) (18,598 ) (5,100 ) (11,010 ) Income taxes $ 38,132 $ 36,457 $ 41,317
Effective Income Tax Rate Reconciliation	The reconciliation between the U.S. Federal tax rate and the actual effective tax rate was as follows 2024 2023 2022 Taxes at statutory rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal income tax benefit 1.0 1.1 1.7 Tax credits (1.6 ) (1.9 ) (1.3 ) Taxes on foreign earnings 4.1 4.8 2.9 Global Intangible Low-Taxed Income 0.5 0.6 0.4 Foreign Derived Intangible Income (1.2 ) (1.3 ) (1.0 ) Resolution of prior years’ tax matters 0.6 0.3 (0.1 ) Valuation allowance adjustments (1.4 ) 2.8 (2.7 ) Nondeductible compensation 0.9 1.2 1.9 Other, net (0.5 ) (0.5 ) (0.1 ) Effective tax rate 23.4 % 28.1 % 22.7 %
Tax Effects of Temporary Differences - Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities consisted of the following: (In thousands) 2024 2023 Deferred tax assets: Benefit plans $ 8,123 $ 8,976 Liabilities and reserves 20,322 20,960 Operating loss and credit carryovers 59,834 59,615 Capitalized research and development costs 18,666 13,148 Other 5,355 14,680 Gross deferred tax assets 112,300 117,379 Valuation allowance (29,743 ) (34,122 ) Deferred tax assets 82,557 83,257 Deferred tax liabilities: Property, plant, and equipment (26,092 ) (33,654 ) Goodwill (20,685 ) (22,299 ) Deferred tax liabilities (46,777 ) (55,953 ) Net deferred tax assets $ 35,780 $ 27,304
Reconciliation of Change in Liability for Unrecognized Tax Benefits	A reconciliation of the change in the liability for unrecognized tax benefits for 2024 and 2023 is as follows: (In thousands) 2024 2023 Balance at beginning of year $ 4,251 $ 3,939 Increases for tax positions taken in the current year 865 876 Increases for tax positions taken in prior years 422 - Decreases related to settlements with tax authorities - (175 ) Decreases as a result of lapse of the applicable statutes of limitations (765 ) (610 ) Foreign currency exchange rate changes (382 ) 221 Balance at the end of year $ 4,391 $ 4,251

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2024
Segment and Geographic Information [Abstract]
Segment Information	Divestiture & other related income and restructuring and other costs, including the Portfolio Optimization Plan Divestitures, Portfolio Optimization Plan, (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Total 2024 : Total segment revenue $ 793,698 $ 647,939 $ 162,525 $ — $ 1,604,162 Intersegment revenue (28,175 ) (18,648 ) (111 ) — (46,934 ) Consolidated revenue from external customers 765,523 629,291 162,414 — 1,557,228 Cost of products sold 565,486 387,364 95,923 1,362 1,050,135 Selling and administrative expense 102,943 122,398 32,033 58,140 315,514 Segment operating income (loss) 97,094 119,529 34,458 (59,502 ) 191,579 Interest expense 28,781 Earnings before income taxes $ 162,798 Assets 802,177 819,380 116,817 285,420 2,023,794 Capital expenditures 29,237 21,722 2,375 5,878 59,212 Depreciation and amortization 30,437 23,417 2,472 4,003 60,329 2023 : Total segment revenue $ 741,072 $ 607,959 $ 146,090 $ — $ 1,495,121 Intersegment revenue (25,023 ) (13,643 ) (5 ) — (38,671 ) Consolidated revenue from external customers 716,049 594,316 146,085 — 1,456,450 Cost of products sold 530,769 376,512 85,737 3,135 996,153 Selling and administrative expense 97,507 112,434 29,548 65,785 305,274 Segment operating income (loss) 87,773 105,370 30,800 (68,920 ) 155,023 Interest expense 25,172 Earnings before income taxes $ 129,851 Assets 792,674 846,559 112,335 262,939 2,014,507 Capital expenditures 40,489 37,720 2,923 6,736 87,868 Depreciation and amortization 29,400 22,294 2,548 3,578 57,820 2022 : Total segment revenue $ 738,003 $ 604,017 $ 143,581 $ — $ 1,485,601 Intersegment revenue (27,411 ) (20,638 ) (513 ) — (48,562 ) Consolidated revenue from external customers 710,592 583,379 143,068 — 1,437,039 Cost of products sold 508,675 355,599 83,654 — 947,928 Selling and administrative expenses 96,493 113,161 29,922 52,784 292,360 Segment operating income (loss) 105,424 114,619 29,492 (52,784 ) 196,751 Interest expense 14,547 Earnings before income taxes $ 182,204 Assets 738,181 849,425 115,132 278,876 1,981,614 Capital expenditures 40,805 30,300 2,164 6,053 79,322 Depreciation and amortization 26,660 20,174 2,489 3,144 52,467
Geographical Information	The Company’s annual revenue summarized by geographic location is as follows: (In thousands) Flavors & Extracts Color Asia Pacific Corporate & Other Consolidated 2024 : Revenue from external customers: North America $ 597,046 $ 313,180 $ 100 $ — $ 910,326 Europe 124,257 169,185 149 — 293,591 Asia Pacific 17,878 64,600 156,243 — 238,721 Other 26,342 82,326 5,922 — 114,590 Total revenue from external customers $ 765,523 $ 629,291 $ 162,414 $ — $ 1,557,228 Long-lived assets: North America $ 296,479 $ 272,418 $ — $ 124,917 $ 693,814 Europe 78,041 231,961 — 23 310,025 Asia Pacific — 3,655 29,317 — 32,972 Other 764 24,333 — — 25,097 Total long-lived assets $ 375,284 $ 532,367 $ 29,317 $ 124,940 $ 1,061,908 2023 : Revenue from external customers: North America $ 553,790 $ 304,995 $ 125 $ — $ 858,910 Europe 113,757 162,644 236 — 276,637 Asia Pacific 21,382 58,003 142,281 — 221,666 Other 27,120 68,674 3,443 — 99,237 Total revenue from external customers $ 716,049 $ 594,316 $ 146,085 $ — $ 1,456,450 Long-lived assets: North America $ 297,615 $ 277,730 $ — $ 114,995 $ 690,340 Europe 82,938 244,587 — 24 327,549 Asia Pacific 8 4,199 30,473 — 34,680 Other 241 25,081 — — 25,322 Total long-lived assets $ 380,802 $ 551,597 $ 30,473 $ 115,019 $ 1,077,891 2022 : Revenue from external customers: North America $ 541,120 $ 304,778 $ 120 $ — $ 846,018 Europe 115,925 151,437 213 — 267,575 Asia Pacific 29,092 61,064 139,134 — 229,290 Other 24,455 66,100 3,601 — 94,156 Total revenue from external customers $ 710,592 $ 583,379 $ 143,068 $ — $ 1,437,039 Long-lived assets: North America $ 286,497 $ 271,075 $ — $ 107,784 $ 665,356 Europe 86,248 236,719 — 24 322,991 Asia Pacific 237 3,796 29,915 — 33,948 Other 389 24,150 — — 24,539 Total long-lived assets $ 373,371 $ 535,740 $ 29,915 $ 107,808 $ 1,046,834
Product Lines	The Company’s revenue summarized by product portfolio is as follows: (In thousands) Flavors & Extracts Color Asia Pacific Consolidated 2024 : Flavors, Extracts & Flavor Ingredients $ 508,052 $ — $ — $ 508,052 Natural Ingredients 285,646 — — 285,646 Food & Pharmaceutical Colors — 481,141 — 481,141 Personal Care — 166,798 — 166,798 Asia Pacific — — 162,525 162,525 Intersegment Revenue (28,175 ) (18,648 ) (111 ) (46,934 ) Total revenue from external customers $ 765,523 $ 629,291 $ 162,414 $ 1,557,228 2023 : Flavors, Extracts & Flavor Ingredients $ 496,036 $ — $ — $ 496,036 Natural Ingredients 245,036 — — 245,036 Food & Pharmaceutical Colors — 452,204 — 452,204 Personal Care — 155,755 — 155,755 Asia Pacific — — 146,090 146,090 Intersegment Revenue (25,023 ) (13,643 ) (5 ) (38,671 ) Total revenue from external customers $ 716,049 $ 594,316 $ 146,085 $ 1,456,450 2022 : Flavors, Extracts & Flavor Ingredients $ 498,055 $ — $ — $ 498,055 Natural Ingredients 239,948 — — 239,948 Food & Pharmaceutical Colors — 437,065 — 437,065 Personal Care — 165,335 — 165,335 Inks — 1,617 — 1,617 Asia Pacific — — 143,581 143,581 Intersegment Revenue (27,411 ) (20,638 ) (513 ) (48,562 ) Total revenue from external customers $ 710,592 $ 583,379 $ 143,068 $ 1,437,039

Portfolio Optimization Plan (Ta

Portfolio Optimization Plan (Tables)	12 Months Ended
	Dec. 31, 2024
Portfolio Optimization Plan [Abstract]
Portfolio Optimization Plan Expenses by Segment	The following table summarizes the Portfolio Optimization Plan expenses by segment for the year ended December 31, 2024: (In thousands) Flavors & Extracts Color Corporate & Other Consolidated Non-cash impairment charges – Selling and administrative expenses $ - $ 1,129 $ - $ 1,129 Non-cash charges – Cost of products sold 934 (194 ) - 740 Employee separation – Selling and administrative expenses 1,450 583 26 2,059 Other production costs – Cost of products sold 622 - - 622 Other costs – Selling and administrative expenses (1) 1,813 382 (114 ) 2,081 Total $ 4,819 $ 1,900 $ (88 ) $ 6,631 (1) Other costs include professional services, decommissioning costs, and other related costs. The following table summarizes the Portfolio Optimization Plan expenses by segment for the year ended December 31, 2023: (In thousands) Flavors & Extracts Color Corporate & Other Consolidated Non-cash impairment charges – Selling and administrative expenses $ 11,599 $ 9,355 $ - $ 20,954 Non-cash charges – Cost of products sold 2,040 1,095 - 3,135 Employee separation – Selling and administrative expenses 2,820 288 108 3,216 Other costs – Selling and administrative expenses (1) 39 497 - 536 Total $ 16,498 $ 11,235 $ 108 $ 27,841 (1) Other costs include legal settlements, professional services, and other related costs.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies, Nature of Operations (Details)	12 Months Ended
	Dec. 31, 2024 Segment
Nature of Operations [Abstract]
Number of reportable segments	3

Summary of Significant Accoun_5

Summary of Significant Accounting Policies, Inventories (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Inventories [Abstract]
Inventories include finished and in-process products	$ 426.8	$ 437.1
Raw materials and supplies	173.5	161.3
Non-cash impairment charges	$ 0.7	$ 3.1

Summary of Significant Accoun_6

Summary of Significant Accounting Policies, Property Plant and Equipment (Details)	Dec. 31, 2024
Building and Leasehold Improvements [Member] | Minimum [Member]
Property, Plant, and Equipment [Abstract]
Estimated useful lives	5 years
Building and Leasehold Improvements [Member] | Maximum [Member]
Property, Plant, and Equipment [Abstract]
Estimated useful lives	40 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant, and Equipment [Abstract]
Estimated useful lives	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant, and Equipment [Abstract]
Estimated useful lives	20 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies, Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Intangible assets [Abstract]
Impairment charge	$ 0	$ 0	$ 0
Minimum [Member]
Intangible assets [Abstract]
Useful lives of intangible assets	5 years
Maximum [Member]
Intangible assets [Abstract]
Useful lives of intangible assets	25 years

Summary of Significant Accoun_8

Summary of Significant Accounting Policies, Derivative Financial Instruments (Details) - Maximum [Member]	12 Months Ended
	Dec. 31, 2024
Derivative Financial Instruments [Abstract]
Number of months for contracts to mature	18 months
Forward Exchange Contracts [Member]
Derivative Financial Instruments [Abstract]
Number of months for contracts to mature	18 months

Summary of Significant Accoun_9

Summary of Significant Accounting Policies, Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Numerator [Abstract]
Net earnings	$ 124,666	$ 93,394	$ 140,887
Denominator [Abstract]
Denominator for basic EPS - weighted average common shares (in shares)	42,145	42,027	41,888
Effect of dilutive securities (in shares)	251	215	325
Denominator for diluted EPS - diluted weighted average shares outstanding (in shares)	42,396	42,242	42,213
Earnings per Common Share [Abstract]
Basic (in dollars per share)	$ 2.96	$ 2.22	$ 3.36
Diluted (in dollars per share)	$ 2.94	$ 2.21	$ 3.34

Summary of Significant Accou_10

Summary of Significant Accounting Policies, Research and Development (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Research and Development [Abstract]
Research and development costs	$ 49.1	$ 48.1	$ 42.2

Summary of Significant Accou_11

Summary of Significant Accounting Policies, Advertising (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Advertising [Abstract]
Advertising costs	$ 2.6	$ 2.5	$ 1.9

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 03, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Acquisition [Abstract]
Acquisition of new businesses		$ 0	$ 1,650	$ 22,714
Goodwill		$ 411,775	$ 424,065	$ 415,715
Endemix [Member]
Acquisition [Abstract]
Acquisition of new businesses	$ 23,300
Debt assumed	1,300
Net assets acquired	9,000
Goodwill	9,400
Endemix [Member] | Technological Know-how and Customer Relationships [Member]
Acquisition [Abstract]
Intangibles assets acquired	$ 4,900

Trade Accounts Receivable (Deta

Trade Accounts Receivable (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) Segment	Dec. 31, 2023 USD ($)
Trade Accounts Receivable [Abstract]
Number of portfolio segments | Segment	1
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 4,373	$ 4,436
Provision for expected credit losses	1,527	1,020
Accounts written off	(596)	(1,279)
Translation and other activity	(281)	196
Ending balance	$ 5,023	$ 4,373

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Intangible assets [Abstract]
Cost	$ 28,375	$ 29,288
Accumulated Amortization	(16,492)	(17,176)
Intangible assets expense [Abstract]
Amortization expense of intangible assets	1,700	2,300	$ 2,000
Estimated Amortization Expense [Abstract]
2025	1,700
2026	1,500
2027	1,100
2028	1,000
2029	$ 1,000
Weighted Average [Member]
Intangible assets [Abstract]
Weighted Average Amortization Years	15 years 9 months 18 days
Technological Know-how [Member]
Intangible assets [Abstract]
Cost	$ 6,643	7,452
Accumulated Amortization	$ (3,119)	(4,412)
Technological Know-how [Member] | Weighted Average [Member]
Intangible assets [Abstract]
Weighted Average Amortization Years	11 years 8 months 12 days
Customer Relationships [Member]
Intangible assets [Abstract]
Cost	$ 9,611	9,689
Accumulated Amortization	$ (3,672)	(3,242)
Customer Relationships [Member] | Weighted Average [Member]
Intangible assets [Abstract]
Weighted Average Amortization Years	19 years
Patents, Trademarks, Non-compete Agreements and Other [Member]
Intangible assets [Abstract]
Cost	$ 12,121	12,147
Accumulated Amortization	$ (9,701)	$ (9,522)
Patents, Trademarks, Non-compete Agreements and Other [Member] | Weighted Average [Member]
Intangible assets [Abstract]
Weighted Average Amortization Years	15 years 7 months 6 days

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Goodwill activity [Roll Forward]
Balance as of beginning of period	$ 424,065	$ 415,715
Currency translation impact	(12,290)	8,350
Balance as of end of period	411,775	424,065
Flavors & Extracts [Member]
Goodwill activity [Roll Forward]
Balance as of beginning of period	103,313	100,920
Currency translation impact	(3,070)	2,393
Balance as of end of period	100,243	103,313
Color [Member]
Goodwill activity [Roll Forward]
Balance as of beginning of period	316,181	310,079
Currency translation impact	(9,001)	6,102
Balance as of end of period	307,180	316,181
Asia Pacific [Member]
Goodwill activity [Roll Forward]
Balance as of beginning of period	4,571	4,716
Currency translation impact	(219)	(145)
Balance as of end of period	$ 4,352	$ 4,571

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Extended lease term	5 years
Operating lease expense	$ 13,400	$ 11,900	$ 11,300
Cash paid for operating leases	11,500	10,300	9,300
Right-of-use assets in exchange for operating lease obligations	9,000	9,000	$ 17,200
Right-of-use assets	$ 36,400	$ 36,300
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent	Other Assets, Noncurrent
Operating lease, liability, Current	$ 7,700	$ 8,600
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Accrued Liabilities, Current	Other Accrued Liabilities, Current
Operating lease, liability, Noncurrent	$ 28,700	$ 28,000
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Weighted average remaining operating lease term	6 years 10 months 24 days
Weighted average discount rate for operating leases	4.20%
Maturities of Operating Lease Liabilities [Abstract]
2025	$ 9,086
2026	7,323
2027	6,276
2028	4,135
2029	3,562
Thereafter	11,801
Total lease payments	42,183
Less imputed interest	(5,830)
Present value of lease liabilities	$ 36,353
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent

Debt (Details)

Debt (Details) $ in Thousands, € in Millions, £ in Millions	1 Months Ended		12 Months Ended
	Aug. 31, 2024	Nov. 30, 2023 USD ($) Note	Dec. 31, 2024 USD ($) Interest / Debt	Oct. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)	Nov. 30, 2023 EUR (€)	Nov. 30, 2023 GBP (£)	May 31, 2023 USD ($)	May 31, 2023 EUR (€)
Long term debt [Abstract]
Long term debt			$ 613,855		$ 645,432
Less debt fees			(133)		(230)
Less current portion			(199)		(117)
Long-term debt			613,523		645,085
Number of U.S. Dollar-denominated notes | Note		3
Maximum borrowing capacity			85,000
Aggregate amounts of contractual maturities of long-term debt [Abstract]
2025			218,875
2026			125,308
2027			76,523
2028			116,406
2029			76,411
Total long-term debt maturities			613,523
Stand-by letters of credit outstanding			3,400		6,200
Short-term borrowings [Abstract]
Short-term borrowings			19,848		13,460
Current maturities of long-term debt			$ 199		$ 117
Weighted-average interest rates on short-term borrowings			5.67%		6.58%
Minimum [Member]
Long term debt [Abstract]
Maturity date			Aug. 30, 2024
Interest coverage, required | Interest / Debt			3
Maximum [Member]
Long term debt [Abstract]
Maturity date			Aug. 30, 2025
Debt to EBITDA, required | Interest / Debt			3.5
SOFR [Member]
Long term debt [Abstract]
Debt term			1 month
SOFR Adjustment [Member]
Long term debt [Abstract]
Interest rate	0.10%
Applicable Margin [Member]
Long term debt [Abstract]
Interest rate on secured loan	0.75%
Revolving Credit Facility [Member]
Long term debt [Abstract]
Long term debt			$ 175,125		$ 111,039
Average interest rate			5.46%		5.74%
Long term debt additional disclosures [Abstract]
Remaining borrowing capacity			$ 256,500
Other Line of Credit Facility [Member]
Long term debt additional disclosures [Abstract]
Remaining borrowing capacity			25,500
3.65% Senior Notes due May 2024 [Member]
Long term debt [Abstract]
Long term debt			$ 0		$ 27,000
Maturity date			May 31, 2024
Interest rate on secured loan			3.65%
4.19% Senior Notes due November 2025 [Member]
Long term debt [Abstract]
Long term debt			$ 25,000		25,000
Maturity date			Nov. 30, 2025
Interest rate on secured loan			4.19%
6.08% Senior Notes Due November 2026 [Member]
Long term debt [Abstract]
Long term debt			$ 35,000		35,000
Senior notes		$ 35,000
Maturity date			Nov. 30, 2026
Interest rate on secured loan		6.08%	6.08%			6.08%	6.08%
6.14% Senior Notes due November 2027 [Member]
Long term debt [Abstract]
Long term debt			$ 35,000		35,000
Senior notes		$ 35,000
Maturity date			Nov. 30, 2027
Interest rate on secured loan		6.14%	6.14%			6.14%	6.14%
4.94% Senior Notes due May 2028 [Member]
Long term debt [Abstract]
Long term debt			$ 75,000		75,000
Maturity date			May 31, 2028
Interest rate on secured loan			4.94%
6.34% Senior Notes due November 2029 [Member]
Long term debt [Abstract]
Long term debt			$ 35,000		35,000
Senior notes		$ 35,000
Maturity date			Nov. 30, 2029
Interest rate on secured loan		6.34%	6.34%			6.34%	6.34%
1.27% Euro-denominated Senior Notes due May 2024 [Member]
Long term debt [Abstract]
Long term debt			$ 0		55,194
Maturity date			May 31, 2024
Interest rate on secured loan			1.27%
1.71% Euro-denominated Senior Notes due May 2027 [Member]
Long term debt [Abstract]
Long term debt			$ 41,416		44,155
Maturity date			May 31, 2027
Interest rate on secured loan			1.71%
4.15% Euro-denominated Senior Notes due May 2028 [Member]
Long term debt [Abstract]
Long term debt			$ 41,416		44,155
Maturity date			May 31, 2028
Interest rate on secured loan			4.15%
4.62% Euro-denominated Senior Notes due November 2029 [Member]
Long term debt [Abstract]
Long term debt			$ 41,416		44,155
Senior notes | €						€ 40
Maturity date			Nov. 30, 2029
Interest rate on secured loan		4.62%	4.62%			4.62%	4.62%
2.76% British Pound-denominated Notes due November 2025 [Member]
Long term debt [Abstract]
Long term debt			$ 31,289		31,827
Maturity date			Nov. 30, 2025
Interest rate on secured loan			2.76%
3.66% Senior Notes due November 2023 [Member]
Long term debt [Abstract]
Senior notes		$ 75,000
Maturity date			Nov. 30, 2023
Interest rate on secured loan		3.66%				3.66%	3.66%
3.06% Euro-denominated Senior Notes due November 2023 [Member]
Long term debt [Abstract]
Senior notes | €						€ 38.2
Maturity date			Nov. 30, 2023
Interest rate on secured loan		3.06%				3.06%	3.06%
2.53% British Pound-denominated Notes due November 2023 [Member]
Long term debt [Abstract]
Senior notes | £							£ 25
Maturity date			Nov. 30, 2023
Interest rate on secured loan		2.53%				2.53%	2.53%
Euro Denominated Term Loan [Member]
Long term debt [Abstract]
Long term debt			$ 77,657		82,790
Average interest rate			4.96%
Unsecured debt | €				€ 75
Euro Denominated Term Loan [Member] | Minimum [Member]
Long term debt [Abstract]
Maturity date			Nov. 30, 2024
Euro Denominated Term Loan [Member] | Maximum [Member]
Long term debt [Abstract]
Maturity date			Nov. 30, 2025
Various Other Notes [Member]
Long term debt [Abstract]
Long term debt			$ 536		117
Dollar [Member]
Long term debt [Abstract]
Senior notes		$ 105,000
Euro [Member]
Long term debt [Abstract]
Senior notes | €						€ 40
U.S. Credit Facilities [Member]
Short-term borrowings [Abstract]
Short-term borrowings			18,382		13,343
Loans of Foreign Subsidiaries [Member]
Short-term borrowings [Abstract]
Short-term borrowings			$ 1,267		$ 0
Senior Notes [Member]
Long term debt [Abstract]
Debt term			5 years
Maturity date			May 31, 2028
Senior Notes [Member] | Dollar [Member]
Long term debt [Abstract]
Senior notes								$ 75,000
Interest rate on secured loan								4.94%	4.94%
Senior Notes [Member] | Euro [Member]
Long term debt [Abstract]
Senior notes | €									€ 40
Interest rate on secured loan								4.15%	4.15%

Derivative Instruments and He_2

Derivative Instruments and Hedging Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative instruments and hedging activity for the period [Abstract]
Impact of foreign exchange rates on debt instruments recorded in other comprehensive income	$ 17,996	$ (11,378)	$ 19,340
Maximum [Member]
Derivative instruments and hedging activity for the period [Abstract]
Number of months for contracts to mature	18 months
Forward Exchange Contracts [Member] | 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 Hedging [Member]
Derivative instruments and hedging activity for the period [Abstract]
Derivative, fair value	$ 70,300	58,400
Amount of gains (losses) reclassified into net earnings	0	2,200	$ 1,000
Foreign Currency Denominated Debt, Net Investment Hedging [Member]
Derivative instruments and hedging activity for the period [Abstract]
Carrying value of foreign denominated debt	295,300	313,300
Impact of foreign exchange rates on debt instruments recorded in other comprehensive income	$ (18,000)	$ 11,400

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Apr. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Apr. 30, 2017
Additional Disclosures [Abstract]
Total pre-tax share-based compensation expense (income) recognized in the Consolidated Statements of Earnings		$ 10,100	$ 8,900	$ 16,100
Tax related benefits (expense)		$ 1,000	$ 1,100	$ 1,200
Non-vested Stock [Member]
Stock Unit Activity [Roll Forward]
Outstanding, beginning of period (in shares)		536	519	482
Granted (in shares)		190	201	168
Vested, net (in shares)		(115)	(179)	(62)
Cancelled (in shares)		(70)	(5)	(69)
Outstanding, end of period (in shares)		541	536	519	482
Grant Date Weighted Average Fair Value [Abstract]
Outstanding, beginning of period (in dollars per share)		$ 72.26	$ 73.19	$ 69.15
Granted (in dollars per share)		71.79	61.61	73.52
Vested, net (in dollars per share)		79.47	63.02	58.81
Cancelled (in dollars per share)		70.87	72.45	58.62
Outstanding, end of period (in dollars per share)		$ 70.74	$ 72.26	$ 73.19	$ 69.15
Aggregate Intrinsic Value [Abstract]
Outstanding, aggregate intrinsic value		$ 38,517	$ 35,383	$ 37,883	$ 48,271
Additional Disclosures [Abstract]
Total intrinsic values of shares vested		10,100	$ 20,300	$ 5,100
Non-vested Stock and Performance Stock Units [Member]
Additional Disclosures [Abstract]
Compensation cost not yet recognized		$ 22,100
Compensation cost not yet recognized, period for recognition		2 years 3 months 18 days
Performance Stock Units [Member]
Share-based Compensation Arrangement [Abstract]
Number of years to measure performance metrics			3 years	3 years	3 years
2017 Stock Plan [Member] | Non-vested Stock [Member]
Share-based Compensation Arrangement [Abstract]
Number of shares authorized for issuance (in shares)						1,800
Award vesting period		3 years
Number of years to measure performance metrics		3 years
2017 Stock Plan [Member] | Non-vested Stock [Member] | Elected Officers [Member]
Share-based Compensation Arrangement [Abstract]
Percentage of grants to elected officers that will be performance stock unit awards		60%
Percentage of grants to elected officers, non-vested restricted stock awards		40%
2017 Stock Plan [Member] | Non-vested Stock [Member] | Business Unit Leaders [Member]
Share-based Compensation Arrangement [Abstract]
Percentage of grants to elected officers that will be performance stock unit awards		60%
Percentage of grants to elected officers, non-vested restricted stock awards		40%
Number of years to measure performance metrics		3 years
2017 Stock Plan [Member] | Non-vested Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement [Abstract]
Percentage of stated performance metrics award of grant		124%	200%
2017 Stock Plan [Member] | Non-vested Stock [Member] | Maximum [Member] | Elected Officers [Member]
Share-based Compensation Arrangement [Abstract]
Percentage of stated performance metrics award of grant		200%
2017 Stock Plan [Member] | Non-vested Stock [Member] | Maximum [Member] | Business Unit Leaders [Member]
Share-based Compensation Arrangement [Abstract]
Percentage of stated performance metrics award of grant		150%
Amended and Restated 2017 Stock Plan [Member] | Non-vested Stock [Member]
Share-based Compensation Arrangement [Abstract]
Number of shares authorized for issuance (in shares)	2,150
Increase in number of shares authorized for issuance (in shares)	350
Number of shares available for issuance (in shares)		900
Amended and Restated Directors Deferred Compensation Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement [Abstract]
Number of shares available for issuance (in shares)		200

Retirement Plans, Defined Contr

Retirement Plans, Defined Contribution Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Contribution Plan [Member]
Defined Contribution Pension and Other Postretirement Benefit Expense [Abstract]
Percentage of matching contributions under defined contribution plan	4%
Total expense for defined contribution plans	$ 8,000	$ 8,200	$ 7,800
Pension Plan [Member]
Benefit obligation [Roll Forward]
Benefit obligation at beginning of year	36,413	32,367
Service cost	1,736	1,741	1,622
Interest cost	1,839	1,886	953
Foreign currency exchange rate changes	(979)	999
Benefits paid	(5,266)	(2,737)
Actuarial (gain) loss	(2,856)	2,157
Benefit obligation at end of year	30,887	36,413	32,367
Change in fair value of plan assets [Roll Forward]
Plan assets at beginning of year	21,270	19,929
Company contributions	4,192	1,598
Foreign currency exchange rate changes	(544)	920
Benefits paid	(5,266)	(2,737)
Actual (loss) gain on plan assets	(680)	1,560
Plan assets at end of year	18,972	21,270	19,929
Funded status	(11,915)	(15,143)
Accumulated benefit obligation	29,480	34,786
Amounts recognized in Consolidated Balance Sheets [Abstract]
Accrued employee and retiree benefits	(15,882)	(19,165)
Other accrued expenses	(693)	(726)
Other assets	4,660	4,748
Net liability	(11,915)	(15,143)
Components of annual benefit cost [Abstract]
Service cost	1,736	1,741	1,622
Interest cost	1,839	1,886	953
Expected return on plan assets	(1,237)	(1,007)	(785)
Recognized actuarial (gain) loss	(359)	(656)	32
Settlement income	(610)	0	0
Defined benefit expense	$ 1,369	$ 1,964	$ 1,822
Weighted average liability assumptions [Abstract]
Discount rate	5.83%	5.15%
Expected return on plan assets	5.71%	4.91%
Rate of compensation increase	1.17%	1.14%
Weighted average cost assumption [Abstract]
Discount rate	5.15%	5.12%	2.35%
Expected return on plan assets	4.91%	4.89%	2.54%
Rate of compensation increase	1.14%	0.90%	1.02%
Estimated Future Benefit Payments [Abstract]
2025	$ 2,200
2026	6,400
2027	2,200
2028	2,200
2029	2,500
2030 through 2034	25,700
Estimated future employer contributions for next fiscal year	800
Amounts recognized in Accumulated Other Comprehensive Loss [Abstract]
Unrecognized net actuarial loss	2,996	$ 2,936
Prior service cost	146	155
Total before tax effects	3,142	3,091
Other Comprehensive Income (Loss), Pension Adjustment, Net of Tax [Abstract]
Net actuarial gain (loss) arising during the period	665	192	$ (1,466)
Amortization of actuarial (gain) loss, included in defined benefit expense	(934)	(479)	27
Pension adjustment, net of tax	$ (269)	$ (287)	$ (1,439)

Retirement Plans, Pension Plan

Retirement Plans, Pension Plan Assets (Details) - Pension Plan [Member] - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	$ 18,972	$ 21,270	$ 19,929
Level 1 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	7,472	8,294
Level 2 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	11,500	12,976
Level 3 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	0	0
Domestic [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	5,496	5,623
Domestic [Member] | Level 1 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	5,496	5,623
Domestic [Member] | Level 2 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	0	0
Domestic [Member] | Level 3 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	0	0
International [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	28	47
International [Member] | Level 1 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	0	0
International [Member] | Level 2 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	28	47
International [Member] | Level 3 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	0	0
International Fixed Income Funds [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	13,116	14,486
International Fixed Income Funds [Member] | Level 1 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	1,655	1,574
International Fixed Income Funds [Member] | Level 2 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	11,461	12,912
International Fixed Income Funds [Member] | Level 3 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	0	0
Other Investments [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	332	1,114
Other Investments [Member] | Level 1 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	321	1,097
Other Investments [Member] | Level 2 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	11	17
Other Investments [Member] | Level 3 [Member]
Pension Plan Assets by Asset Category [Abstract]
Total assets at fair value	$ 0	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ 1,053,324
Other comprehensive (loss) income before reclassifications		(54,204)	$ 31,287	$ (25,067)
Amounts reclassified from OCI		(518)	(2,716)	(993)
Ending balance		1,060,986	1,053,324
Accumulated Other Comprehensive (Loss) Income [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(172,117)	(200,688)	(174,628)
Ending balance		(226,839)	(172,117)	(200,688)
Cash Flow Hedges [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	997	(599)	206
Other comprehensive (loss) income before reclassifications	[1]	(1,723)	3,833	215
Amounts reclassified from OCI	[1]	416	(2,237)	(1,020)
Ending balance	[1]	(310)	997	(599)
Pension Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	(2,079)	(1,792)	(353)
Other comprehensive (loss) income before reclassifications	[1]	665	192	(1,466)
Amounts reclassified from OCI	[1]	(934)	(479)	27
Ending balance	[1]	(2,348)	(2,079)	(1,792)
Foreign Currency Items [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(171,035)	(198,297)	(174,481)
Other comprehensive (loss) income before reclassifications		(53,146)	27,262	(23,816)
Amounts reclassified from OCI		0	0	0
Ending balance		$ (224,181)	$ (171,035)	$ (198,297)
[1] Cash Flow Hedges and Pension Items are net of tax.

Income Taxes, Earnings Before I

Income Taxes, Earnings Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings before income taxes [Abstract]
United States	$ 57,318	$ 45,900	$ 73,192
Foreign	105,480	83,951	109,012
Earnings before income taxes	$ 162,798	$ 129,851	$ 182,204

Income Taxes, Provision for Inc

Income Taxes, Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current income tax expense [Abstract]
Federal	$ 20,307	$ 11,153	$ 21,640
State	3,375	2,814	5,138
Foreign	33,048	27,590	25,549
Current income tax expense	56,730	41,557	52,327
Deferred benefit [Abstract]
Federal	(12,743)	(4,656)	(8,520)
State	(581)	(813)	(1,353)
Foreign	(5,274)	369	(1,137)
Deferred income tax benefit	(18,598)	(5,100)	(11,010)
Income taxes	$ 38,132	$ 36,457	$ 41,317

Income Taxes, Tax Reconciliatio

Income Taxes, Tax Reconciliation and Tax Cuts and Jobs Act (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Effective tax rate reconciliation [Abstract]
Taxes at statutory rate	21%	21%	21%
State income taxes, net of federal income tax benefit	1%	1.10%	1.70%
Tax credits	(1.60%)	(1.90%)	(1.30%)
Taxes on foreign earnings	4.10%	4.80%	2.90%
Global Intangible Low-Taxed Income	0.50%	0.60%	0.40%
Foreign Derived Intangible Income	(1.20%)	(1.30%)	(1.00%)
Resolution of prior years' tax matters	0.60%	0.30%	(0.10%)
Valuation allowance adjustments	(1.40%)	2.80%	(2.70%)
Nondeductible compensation	0.90%	1.20%	1.90%
Other, net	(0.50%)	(0.50%)	(0.10%)
Effective tax rate	23.40%	28.10%	22.70%
Valuation Allowance [Abstract]
Valuation allowance	$ (29,743)	$ (34,122)

Income Taxes, Deferred Tax Asse

Income Taxes, Deferred Tax Assets and Liabilities, Operating Loss Carryovers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets [Abstract]
Benefit plans	$ 8,123	$ 8,976
Liabilities and reserves	20,322	20,960
Operating loss and credit carryovers	59,834	59,615
Capitalized research and development costs	18,666	13,148
Other	5,355	14,680
Gross deferred tax assets	112,300	117,379
Valuation allowance	(29,743)	(34,122)
Deferred tax assets	82,557	83,257
Deferred tax liabilities [Abstract]
Property, plant, and equipment	(26,092)	(33,654)
Goodwill	(20,685)	(22,299)
Deferred tax liabilities	(46,777)	(55,953)
Net deferred tax assets	35,780	$ 27,304
Operating Loss Carryforwards [Abstract]
Operating loss carryovers, tax credit	$ 31,300
Taxes at statutory rate	21%	21%	21%
Undistributed earnings	$ 815,300
Withholding of tax liability	$ 41,800
Minimum [Member]
Operating Loss Carryforwards [Abstract]
Taxes at statutory rate	15%
Foreign [Member]
Operating Loss Carryforwards [Abstract]
Operating loss carryovers	$ 79,400
Operating loss carryovers, subject to expiration	15,200
Operating loss carryovers, not subject to expiration	64,200
State [Member]
Operating Loss Carryforwards [Abstract]
Operating loss carryovers	112,500
Operating loss carryovers, subject to expiration	$ 112,500

Income Taxes, Unrecognized Tax

Income Taxes, Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Reconciliation of change in liability for unrecognized tax benefits [Roll Forward]
Balance at beginning of year	$ 4,251	$ 3,939
Increases for tax positions taken in the current year	865	876
Increases for tax positions taken in prior years	422	0
Decreases related to settlements with tax authorities	0	(175)
Decreases as a result of lapse of the applicable statutes of limitations	(765)	(610)
Foreign currency exchange rate changes	(382)	221
Balance at the end of year	4,391	4,251
Income tax uncertainties [Abstract]
Unrecognized tax benefits that would impact the effective tax rate, if recognized	4,700
Income tax interest and penalties accrued	500	$ 400
Expected decrease in liability for unrecognized tax benefits in the next fiscal year	1,400
Unrecognized tax benefits that would impact the effective tax rate in the next fiscal year	$ 800

Segment and Geographic Inform_3

Segment and Geographic Information, Reportable Segments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) Segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Segment and Geographic Information [Abstract]
Number of reportable segment | Segment	3
Revenue [Abstract]
Revenue	$ 1,557,228	$ 1,456,450	$ 1,437,039
Cost of products sold	1,050,135	996,153	947,928
Selling and administrative expenses	315,514	305,274	292,360
Segment operating income (loss)	191,579	155,023	196,751
Interest expense	28,781	25,172	14,547
Earnings before income taxes	162,798	129,851	182,204
Assets	2,023,794	2,014,507	1,981,614
Capital expenditures	59,212	87,868	79,322
Depreciation and amortization	60,329	57,820	52,467
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	765,523	716,049	710,592
Cost of products sold	565,486	530,769	508,675
Selling and administrative expenses	102,943	97,507	96,493
Segment operating income (loss)	97,094	87,773	105,424
Assets	802,177	792,674	738,181
Capital expenditures	29,237	40,489	40,805
Depreciation and amortization	30,437	29,400	26,660
Color [Member]
Revenue [Abstract]
Revenue	629,291	594,316	583,379
Cost of products sold	387,364	376,512	355,599
Selling and administrative expenses	122,398	112,434	113,161
Segment operating income (loss)	119,529	105,370	114,619
Assets	819,380	846,559	849,425
Capital expenditures	21,722	37,720	30,300
Depreciation and amortization	23,417	22,294	20,174
Asia Pacific [Member]
Revenue [Abstract]
Revenue	162,414	146,085	143,068
Cost of products sold	95,923	85,737	83,654
Selling and administrative expenses	32,033	29,548	29,922
Segment operating income (loss)	34,458	30,800	29,492
Assets	116,817	112,335	115,132
Capital expenditures	2,375	2,923	2,164
Depreciation and amortization	2,472	2,548	2,489
Reportable Segments [Member]
Revenue [Abstract]
Revenue	1,604,162	1,495,121	1,485,601
Reportable Segments [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	793,698	741,072	738,003
Reportable Segments [Member] | Color [Member]
Revenue [Abstract]
Revenue	647,939	607,959	604,017
Reportable Segments [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	162,525	146,090	143,581
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	(46,934)	(38,671)	(48,562)
Intersegment Revenue [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	(28,175)	(25,023)	(27,411)
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	(18,648)	(13,643)	(20,638)
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	(111)	(5)	(513)
Corporate & Other [Member] | Corporate and Other [Member]
Revenue [Abstract]
Revenue	0	0	0
Cost of products sold	1,362	3,135	0
Selling and administrative expenses	58,140	65,785	52,784
Segment operating income (loss)	(59,502)	(68,920)	(52,784)
Assets	285,420	262,939	278,876
Capital expenditures	5,878	6,736	6,053
Depreciation and amortization	$ 4,003	$ 3,578	$ 3,144

Segment and Geographic Inform_4

Segment and Geographic Information, Segment and Geographic Info (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue [Abstract]
Revenue from external customers	$ 1,557,228	$ 1,456,450	$ 1,437,039
Long-lived assets	1,061,908	1,077,891	1,046,834
North America [Member]
Revenue [Abstract]
Revenue from external customers	910,326	858,910	846,018
Long-lived assets	693,814	690,340	665,356
Europe [Member]
Revenue [Abstract]
Revenue from external customers	293,591	276,637	267,575
Long-lived assets	310,025	327,549	322,991
Asia Pacific [Member]
Revenue [Abstract]
Revenue from external customers	238,721	221,666	229,290
Long-lived assets	32,972	34,680	33,948
Other [Member]
Revenue [Abstract]
Revenue from external customers	114,590	99,237	94,156
Long-lived assets	25,097	25,322	24,539
United States [Member]
Revenue [Abstract]
Revenue from external customers	761,200	707,100	711,100
Long-lived assets	612,700	603,200	586,800
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue from external customers	765,523	716,049	710,592
Long-lived assets	375,284	380,802	373,371
Color [Member]
Revenue [Abstract]
Revenue from external customers	629,291	594,316	583,379
Long-lived assets	532,367	551,597	535,740
Asia Pacific [Member]
Revenue [Abstract]
Revenue from external customers	162,414	146,085	143,068
Long-lived assets	29,317	30,473	29,915
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | North America [Member]
Revenue [Abstract]
Revenue from external customers	597,046	553,790	541,120
Long-lived assets	296,479	297,615	286,497
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Europe [Member]
Revenue [Abstract]
Revenue from external customers	124,257	113,757	115,925
Long-lived assets	78,041	82,938	86,248
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue from external customers	17,878	21,382	29,092
Long-lived assets	0	8	237
Reportable Geographical Components [Member] | Flavors & Extracts [Member] | Other [Member]
Revenue [Abstract]
Revenue from external customers	26,342	27,120	24,455
Long-lived assets	764	241	389
Reportable Geographical Components [Member] | Color [Member] | North America [Member]
Revenue [Abstract]
Revenue from external customers	313,180	304,995	304,778
Long-lived assets	272,418	277,730	271,075
Reportable Geographical Components [Member] | Color [Member] | Europe [Member]
Revenue [Abstract]
Revenue from external customers	169,185	162,644	151,437
Long-lived assets	231,961	244,587	236,719
Reportable Geographical Components [Member] | Color [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue from external customers	64,600	58,003	61,064
Long-lived assets	3,655	4,199	3,796
Reportable Geographical Components [Member] | Color [Member] | Other [Member]
Revenue [Abstract]
Revenue from external customers	82,326	68,674	66,100
Long-lived assets	24,333	25,081	24,150
Reportable Geographical Components [Member] | Asia Pacific [Member] | North America [Member]
Revenue [Abstract]
Revenue from external customers	100	125	120
Long-lived assets	0	0	0
Reportable Geographical Components [Member] | Asia Pacific [Member] | Europe [Member]
Revenue [Abstract]
Revenue from external customers	149	236	213
Long-lived assets	0	0	0
Reportable Geographical Components [Member] | Asia Pacific [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue from external customers	156,243	142,281	139,134
Long-lived assets	29,317	30,473	29,915
Reportable Geographical Components [Member] | Asia Pacific [Member] | Other [Member]
Revenue [Abstract]
Revenue from external customers	5,922	3,443	3,601
Long-lived assets	0	0	0
Corporate & Other [Member] | Corporate and Other [Member]
Revenue [Abstract]
Revenue from external customers	0	0	0
Long-lived assets	124,940	115,019	107,808
Corporate & Other [Member] | Corporate and Other [Member] | North America [Member]
Revenue [Abstract]
Revenue from external customers	0	0	0
Long-lived assets	124,917	114,995	107,784
Corporate & Other [Member] | Corporate and Other [Member] | Europe [Member]
Revenue [Abstract]
Revenue from external customers	0	0	0
Long-lived assets	23	24	24
Corporate & Other [Member] | Corporate and Other [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue from external customers	0	0	0
Long-lived assets	0	0	0
Corporate & Other [Member] | Corporate and Other [Member] | Other [Member]
Revenue [Abstract]
Revenue from external customers	0	0	0
Long-lived assets	$ 0	$ 0	$ 0

Segment and Geographic Inform_5

Segment and Geographic Information, Revenue from External Customers by Products Line (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue [Abstract]
Revenue	$ 1,557,228	$ 1,456,450	$ 1,437,039
Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	508,052	496,036	498,055
Natural Ingredients [Member]
Revenue [Abstract]
Revenue	285,646	245,036	239,948
Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	481,141	452,204	437,065
Personal Care [Member]
Revenue [Abstract]
Revenue	166,798	155,755	165,335
Inks [Member]
Revenue [Abstract]
Revenue			1,617
Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	765,523	716,049	710,592
Flavors & Extracts [Member] | Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	508,052	496,036	498,055
Flavors & Extracts [Member] | Natural Ingredients [Member]
Revenue [Abstract]
Revenue	285,646	245,036	239,948
Flavors & Extracts [Member] | Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	0	0	0
Flavors & Extracts [Member] | Personal Care [Member]
Revenue [Abstract]
Revenue	0	0	0
Flavors & Extracts [Member] | Inks [Member]
Revenue [Abstract]
Revenue			0
Color [Member]
Revenue [Abstract]
Revenue	629,291	594,316	583,379
Color [Member] | Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	0	0	0
Color [Member] | Natural Ingredients [Member]
Revenue [Abstract]
Revenue	0	0	0
Color [Member] | Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	481,141	452,204	437,065
Color [Member] | Personal Care [Member]
Revenue [Abstract]
Revenue	166,798	155,755	165,335
Color [Member] | Inks [Member]
Revenue [Abstract]
Revenue			1,617
Asia Pacific [Member]
Revenue [Abstract]
Revenue	162,414	146,085	143,068
Asia Pacific [Member] | Flavors, Extracts & Flavor Ingredients [Member]
Revenue [Abstract]
Revenue	0	0	0
Asia Pacific [Member] | Natural Ingredients [Member]
Revenue [Abstract]
Revenue	0	0	0
Asia Pacific [Member] | Food & Pharmaceutical Colors [Member]
Revenue [Abstract]
Revenue	0	0	0
Asia Pacific [Member] | Personal Care [Member]
Revenue [Abstract]
Revenue	0	0	0
Asia Pacific [Member] | Inks [Member]
Revenue [Abstract]
Revenue			0
Reportable Segments [Member]
Revenue [Abstract]
Revenue	1,604,162	1,495,121	1,485,601
Reportable Segments [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	793,698	741,072	738,003
Reportable Segments [Member] | Color [Member]
Revenue [Abstract]
Revenue	647,939	607,959	604,017
Reportable Segments [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	162,525	146,090	143,581
Intersegment Revenue [Member]
Revenue [Abstract]
Revenue	(46,934)	(38,671)	(48,562)
Intersegment Revenue [Member] | Flavors & Extracts [Member]
Revenue [Abstract]
Revenue	(28,175)	(25,023)	(27,411)
Intersegment Revenue [Member] | Color [Member]
Revenue [Abstract]
Revenue	(18,648)	(13,643)	(20,638)
Intersegment Revenue [Member] | Asia Pacific [Member]
Revenue [Abstract]
Revenue	$ (111)	$ (5)	$ (513)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Level 2 [Member] - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Investments, Fair Value Disclosure [Abstract]
Forward exchange contract, liability	$ 0.8
Forward exchange contract, assets		$ 1
Carrying Value [Member]
Investments, Fair Value Disclosure [Abstract]
Long term debt	613.7	645.2
Fair Value [Member]
Investments, Fair Value Disclosure [Abstract]
Long term debt	$ 622	$ 653.7

Divestitures (Details)

Divestitures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Divestiture Transactions [Abstract]
Divestiture and other related costs	$ 0	$ 0
Proceeds from divestiture of businesses	$ 0	$ 0	$ 2,532
Yogurt Fruit Preparations [Member]
Divestiture Transactions [Abstract]
Proceeds from divestiture of businesses			2,500
Selling, General and Administrative Expenses [Member] | Yogurt Fruit Preparations [Member]
Divestiture Transactions [Abstract]
Non-cash gain (loss) on disposal of business			$ 2,500

Portfolio Optimization Plan (De

Portfolio Optimization Plan (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) Positions		Dec. 31, 2023 USD ($)
Portfolio Optimization Plan [Abstract]
Accrued liabilities related to portfolio optimization plan	$ 2,500		$ 3,700
Expected plan cost	40,000
Plan cost incurred	$ 34,500
Number of reduced positions | Positions	100
Portfolio Optimization Plan Expenses [Abstract]
Portfolio optimization plan expenses	$ 6,631		27,841
Minimum [Member]
Portfolio Optimization Plan [Abstract]
Reduction of annual operating costs	8,000
Maximum [Member]
Portfolio Optimization Plan [Abstract]
Reduction of annual operating costs	10,000
Selling and Administrative Expenses [Member]
Portfolio Optimization Plan Expenses [Abstract]
Non-cash impairment charges	1,129		20,954
Employee separation	2,059		3,216
Other costs	2,081	[1]	536	[2]
Cost of Products Sold [Member]
Portfolio Optimization Plan Expenses [Abstract]
Non-cash impairment charges	740		3,135
Other production costs	622
Flavors & Extracts [Member]
Portfolio Optimization Plan Expenses [Abstract]
Portfolio optimization plan expenses	4,819		16,498
Flavors & Extracts [Member] | Selling and Administrative Expenses [Member]
Portfolio Optimization Plan Expenses [Abstract]
Non-cash impairment charges	0		11,599
Employee separation	1,450		2,820
Other costs	1,813	[1]	39	[2]
Flavors & Extracts [Member] | Cost of Products Sold [Member]
Portfolio Optimization Plan Expenses [Abstract]
Non-cash impairment charges	934		2,040
Other production costs	622
Color [Member]
Portfolio Optimization Plan Expenses [Abstract]
Portfolio optimization plan expenses	1,900		11,235
Color [Member] | Selling and Administrative Expenses [Member]
Portfolio Optimization Plan Expenses [Abstract]
Non-cash impairment charges	1,129		9,355
Employee separation	583		288
Other costs	382	[1]	497	[2]
Color [Member] | Cost of Products Sold [Member]
Portfolio Optimization Plan Expenses [Abstract]
Non-cash impairment charges	(194)		1,095
Other production costs	0
Corporate & Other [Member]
Portfolio Optimization Plan Expenses [Abstract]
Portfolio optimization plan expenses	(88)		108
Corporate & Other [Member] | Selling and Administrative Expenses [Member]
Portfolio Optimization Plan Expenses [Abstract]
Non-cash impairment charges	0		0
Employee separation	26		108
Other costs	(114)	[1]	0	[2]
Corporate & Other [Member] | Cost of Products Sold [Member]
Portfolio Optimization Plan Expenses [Abstract]
Non-cash impairment charges	0		$ 0
Other production costs	$ 0
[1] Other costs include professional services, decommissioning costs, and other related costs. Other costs include legal settlements, professional services, and other related costs.

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member] - Dividends Declared 2024-Q4 [Member]	Jan. 17, 2025 $ / shares
Subsequent Events [Abstract]
Dividend declared date	Jan. 17, 2025
Dividend payable (in dollars per share)	$ 0.41
Dividend payable date	Mar. 03, 2025

Schedule II Valuation and Qua_2

Schedule II Valuation and Qualifying Accounts (Details) - Allowance for Trade Receivables [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 4,373	$ 4,436	$ 4,877
Additions Charged to Costs and Expenses	1,527	1,020	944
Additions Recorded During Acquisitions	0	0	0
Deductions	877	1,083	1,385
Balance at End of Period	$ 5,023	$ 4,373	$ 4,436