Portfolio Optimization Plan (Tables)

3 Months Ended

Mar. 31, 2025

Portfolio Optimization Plan [Abstract]

Portfolio Optimization Plan Expenses by Segment

The following table summarizes the Portfolio Optimization Plan expenses by segment for the three months ended March 31, 2025:

(In thousands)	Flavors & Extracts		Color		Consolidated
Non-cash charges – Cost of products sold	$	855	$	-	$	855
Employee separation – Selling and administrative expenses		246		8		254
Other production costs – Cost of products sold		959		-		959
Other costs – Selling and administrative expenses(1)		791		5		796
Total	$	2,851	$	13	$	2,864

⁽¹⁾ Other costs include professional services and other related costs.

The following table summarizes the Portfolio Optimization Plan expenses by segment for the three months ended March 31, 2024:

(In thousands)	Flavors & Extracts		Color			Corporate & Other		Consolidated
Non-cash impairment charges – Selling and administrative expenses	$	-	$	975		$	-	$	975
Non-cash charges – Cost of products sold		125		(18	)		-		107
Employee separation – Selling and administrative expenses		611		491			28		1,130
Other costs – Selling and administrative expenses(1)		316		284			-		600
Total	$	1,052	$	1,732		$	28	$	2,812

⁽¹⁾  Other costs include professional services, accelerated depreciation, accelerated lease costs, and other related costs.