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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Reportable Segment Information
 
Capital Expenditures
 
Depreciation and Amortization
(DOLLARS IN THOUSANDS)
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Taste
$
70,028

 
$
68,937

 
$
47,064

 
$
72,474

 
$
53,534

 
$
47,705

Scent
82,206

 
53,089

 
73,345

 
85,078

 
59,951

 
50,724

Frutarom
12,878

 
—

 
—

 
8,738

 
—

 
—

Unallocated assets
4,982

 
6,947

 
6,003

 
7,502

 
4,482

 
4,040

Consolidated
$
170,094

 
$
128,973

 
$
126,412

 
$
173,792

 
$
117,967

 
$
102,469

eportable segment information is as follows:
 
December 31,
(DOLLARS IN THOUSANDS)
2018
 
2017
 
2016
Net sales
 
 
 
 
 
Taste
$
1,737,349

 
$
1,632,166

 
$
1,496,525

Scent
1,880,630

 
1,766,553

 
1,619,825

Frutarom
$
359,560

 
$
—

 
$
—

Consolidated
$
3,977,539

 
$
3,398,719

 
$
3,116,350

 
December 31,
(DOLLARS IN THOUSANDS)
2018
 
2017
Segment assets
 
 
 
Taste
$
2,024,573

 
$
1,929,005

Scent
2,340,131

 
2,284,309

Frutarom
7,961,538

 
—

Global assets
563,153

 
385,612

Consolidated
$
12,889,395

 
$
4,598,926

 
December 31,
(DOLLARS IN THOUSANDS)
2018
 
2017
 
2016
Segment profit:
 
 
 
 
 
Taste
$
395,190

 
$
360,483

 
$
330,221

Scent
329,548

 
318,954

 
326,705

Frutarom
27,358

 
—

 
—

Global expenses
(74,730
)
 
(60,810
)
 
(48,352
)
Operational Improvement Initiatives (a)
(2,169
)
 
(1,802
)
 
(2,402
)
Acquisition Related Costs (b)
1,289

 
(20,389
)
 
(12,195
)
Integration Related Costs (c)
(7,188
)
 
(4,179
)
 
—

Legal Charges/Credits, net (d)
—

 
(1,000
)
 
(48,518
)
Tax Assessment (e)
—

 
(5,331
)
 
—

Restructuring and Other Charges, net (f)
(4,086
)
 
(19,711
)
 
(322
)
Gain on Sale of Assets
1,177

 
184

 
7,818

FDA Mandated Product Recall (g)
7,125

 
(11,000
)
 
—

UK Pension Settlement Charges (h)
—

 
(2,769
)
 
—

Frutarom Acquisition Related Costs (i)
(89,632
)
 
—

 
—

Operating Profit
583,882

 
552,630

 
552,955

Interest expense
(132,558
)
 
(65,363
)
 
(52,989
)
Loss on extinguishment of debt
(38,810
)
 
—

 
—

Other income (expense), net
35,243

 
49,778

 
23,751

Income before taxes
$
447,757

 
$
537,045

 
$
523,717

Profit margin
 
 
 
 
 
Taste
22.7
%
 
22.1
%
 
22.1
%
Scent
17.5
%
 
18.1
%
 
20.2
%
Frutarom
7.6
%
 
—
%
 
—
%
Consolidated
14.7
%
 
16.3
%
 
17.7
%
(a)
For 2018, represents accelerated depreciation related to a plant relocation in India and Taiwan asset write off. For 2017, represents accelerated depreciation and idle labor costs in Hangzhou, China.
(b)
For 2018, represents adjustments to the contingent consideration payable for PowderPure, and transaction costs related to Fragrance Resources and PowderPure within Selling and administrative expenses. For 2017, represents the amortization of inventory "step-up" included in Cost of goods sold and transaction costs related to the acquisitions of Fragrance Resources and PowderPure within Selling and administrative expenses.
(c)
For 2018, represents costs related to the integration of the Frutarom acquisition. For 2017, represents costs related to the integration of the David Michael and Fragrance Resources acquisitions.
(d)
Represents additional charge related to litigation settlement.
(e)
Represents the reserve for payment of a tax assessment related to commercial rent for prior periods.
(f)
For 2018, represents severance costs related to the 2017 Productivity Program and costs associated with the termination of agent relationships in a subsidiary. For 2017, represents severance costs related to the 2017 Productivity Program.
(g)
For 2018, principally represents recoveries from the supplier for the third and fourth quarter, partially offset by final payments to the customer made for the effected product in the first quarter. For 2017, represents management's best estimate of losses related to the previously disclosed FDA mandated recall.
(h)
Represents pension settlement charges incurred in one of the Company's UK pension plans.
(i)
Represents transaction-related costs and expenses related to the acquisition of Frutarom. Amount primarily includes $23.5 million of amortization for inventory "step-up" costs, $39.4 million of bridge loan commitment fees included in Interest expense; $34.9 million make whole payment on the Senior Notes - 2007 and $3.9 million realized loss on a fair value hedge included in Loss on extinguishment of debt; $12.5 million realized gain on a foreign currency derivative included in Other income; and $66.0 million of transaction costs included in Selling and administrative expenses.
Net Sales by Geographic Area
 
Net Sales by Geographic Area
(DOLLARS IN THOUSANDS)
2018
 
2017
 
2016
Europe, Africa and Middle East
$
1,396,316

 
$
1,065,596

 
$
964,931

Greater Asia
991,015

 
903,546

 
880,040

North America
1,010,126

 
901,821

 
769,081

Latin America
580,082

 
527,756

 
502,298

Consolidated
$
3,977,539

 
$
3,398,719

 
$
3,116,350