Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Segment Reporting Information, by Segment

Financial information for each segment follows:



	Quarter ended June 30,						Six months ended June 30,
(In thousands)	2013			2012			2013			2012
Net sales:
Bananas	$	517,692		$	532,790		$	1,025,643		$	1,053,016
Salads and Healthy Snacks	260,218			251,674			500,290			489,487
Other Produce	34,261			48,701			60,490			84,146
	$	812,171		$	833,165		$	1,586,423		$	1,626,649
Operating income (loss):
Bananas¹	$	53,168		$	29,097		$	83,399		$	48,112
Salads and Healthy Snacks²	2,993			10,142			9,750			10,408
Other Produce³	(43		)	(3,364		)	(421		)	(9,366		)
Corporate costs⁴	(15,542		)	(18,278		)	(27,014		)	(31,991		)
	$	40,576		$	17,597		$	65,714		$	17,163

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 were not renewed at the end of 2012. These accelerated sublease losses are included in "Cost of sales."

Includes $1 million of "Cost of sales" in the first quarter of 2013 for severance costs related to a fruit ingredient business. Includes $1 million of "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 of "Selling, general and administrative" to restructure the European healthy snacking sales force. These costs related to actions 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 of "Cost of sales" in the first quarter of 2012, primarily related to inventory write-offs to exit low-margin other produce.


⁴	Includes "Restructuring and relocation costs" further detailed in Note 2.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details