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Segment Information
6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment Information
Segment Information
The company reports three business segments:
Bananas: Includes the sourcing (purchase and production), transportation, marketing and distribution of bananas.
Salads and Healthy Snacks: Includes ready-to-eat, packaged salads, referred to in the industry as "value-added salads" and other value-added products, such as healthy snacking products, fresh vegetable and fruit ingredients used in food service; processed fruit ingredient products; and the company's equity method investment in Danone Chiquita Fruits, which sells Chiquita-branded fruit smoothies in Europe.
Other Produce: Includes the sourcing, marketing and distribution of whole fresh fruits and vegetables other than bananas.
Certain corporate expenses are not allocated to the reportable segments and are included in "Corporate costs," including costs related to the relocation of the company's headquarters described in Note 2. Inter-segment transactions are eliminated.
Financial information for each segment follows:
 
Quarter ended June 30,
 
Six months ended June 30,
(In thousands)
2012
 
2011
 
2012
 
2011
Net sales:
 
 
 
 
 
 
 
Bananas
$
532,790

 
$
554,797

 
$
1,053,016

 
$
1,094,212

Salads and Healthy Snacks
251,674

 
252,679

 
489,487

 
491,159

Other Produce
48,701

 
62,875

 
84,146

 
109,443

 
$
833,165

 
$
870,351

 
$
1,626,649

 
$
1,694,814

Operating income (loss):
 
 
 
 
 
 
 
Bananas1
$
29,097

 
$
59,464

 
$
48,112

 
$
115,682

Salads and Healthy Snacks2
10,142

 
3,278

 
10,408

 
9,317

Other Produce3
(3,364
)
 
(33,462
)
 
(9,366
)
 
(36,506
)
Corporate costs
(18,278
)
 
(15,434
)
 
(31,991
)
 
(32,447
)
 
$
17,597

 
$
13,846

 
$
17,163

 
$
56,046

1 
Includes the acceleration of $6 million of losses on ship sublease arrangements in the first quarter of 2012, net of $2 million of related sale-leaseback gain amortization during the sublease period. As part of the company's European shipping reconfiguration, five ships, two in the fourth quarter of 2011 and three in the first quarter of 2012, were removed from service and subleased. The primary leases for an equivalent number of ships will not be renewed at the end of 2012. These accelerated sublease losses are included in "Cost of sales."
2 
Includes $1 million ($1 million, net of tax) in "Cost of sales" in the first quarter of 2012, primarily related to inventory write-offs, to exit healthy snacking products that were not sufficiently profitable and $1 million in "Selling, general and administrative" to restructure the European healthy snacking sales force. These actions were completed during the first quarter of 2012. Includes $1 million in "Cost of sales" in the second quarter of 2012, primarily related to the closure of a research and development facility.
3 
Includes $2 million ($1 million, net of tax) in "Cost of sales" in the first quarter of 2012, primarily related to inventory write-offs, to exit low-margin other produce. Includes a reserve of $32 million for advances made to a Chilean grower in the second quarter of 2011, as described in Note 3.