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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets [Abstract]  
Schedule of intangible assets
At December 31, 2013 and 2012, 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, 2013 and 2012:
 
 
 
 
Weighted Average
  
2013
    2012 
(in thousands except
weighted average amortization years)
 
Amortization
Years
  
Cost
  
Accumulated
Amortization
  
Cost
  
Accumulated
Amortization
 
Technological know-how
  
20
  
$
8,606
  
(5,328
)
 
$
8,443
  
(4,842
)
Customer relationships
  
20
   
7,944
   
(4,359
)
  
7,871
   
(3,866
)
Patents, trademarks, non-compete agreements and other
  
18.8
   
9,630
   
(5,947
)
  
9,617
   
(5,645
)
Total finite-lived intangibles
  
19.6
  
$
26,180
  
(15,634
)
 
$
25,931
  
(14,353
)
Changes in goodwill by business segment
The changes in goodwill for the years ended December 31, 2013 and 2012, by reportable business segment, were as follows:

(in thousands)
 
Flavors &
Fragrances
  
Color
  
Corporate &
Other
  
Consolidated
 
Balance as of December 31, 2011
 
$
132,692
  
$
307,379
  
$
4,294
  
$
444,365
 
Currency translation impact
  
3,092
   
4,271
   
(410
)
  
6,953
 
Balance as of December 31, 2012
 
 
135,784
  
 
311,650
  
 
3,884
  
 
451,318
 
Currency translation impact
  
853
   
5,673
   
(575
)
  
5,951
 
Balance as of December 31, 2013
 
$
136,637
  
$
317,323
  
$
3,309
  
$
457,269