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Segment Information
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
We report 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 items, fresh vegetable and fruit ingredients used in food service; and processed fruit ingredients.
•
Other Produce: Includes the sourcing, marketing and distribution of whole fresh produce other than bananas. The primary product of the Other Produce segment is pineapples.
Certain corporate expenses are not allocated to the reportable segments and are included in "Corporate costs". Inter-segment transactions are eliminated.
Financial information for each segment follows:
 
Quarter Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Net sales:
 
 
 
 
 
 
 
Bananas
$
537,340

 
$
517,692

 
$
1,038,871

 
$
1,025,643

Salads and Healthy Snacks
249,317

 
260,218

 
478,928

 
500,290

Other Produce
39,190

 
34,261

 
70,038

 
60,490

 
$
825,847

 
$
812,171

 
$
1,587,837

 
$
1,586,423

Operating income (loss):
 
 
 
 
 
 
 
Bananas1 
$
43,332

 
$
53,168

 
$
64,021

 
$
83,399

Salads and Healthy Snacks2
7,227

 
2,993

 
3,742

 
9,750

Other Produce
30

 
(43
)
 
125

 
(421
)
Corporate costs3
(13,856
)
 
(15,542
)
 
(30,567
)
 
(27,014
)
 
$
36,733

 
$
40,576

 
$
37,321

 
$
65,714


1 Includes $5 million of cost related to the changeover of vessels at the end of the leases and a $1 million gain on the sale of a ripening facility in Europe in the second quarter of 2014.
2 Includes $2 million of cost in the second quarter of 2014 related to inventory and equipment write downs and severance expense related to product resizing, product discontinuation and overhead savings initiatives. Includes $1 million of "Cost of sales" in the first quarter of 2013 for severance costs related to a fruit ingredient business.
3 Includes $3 million and $9 million of costs for the quarter and six months ended June 30, 2014, respectively, for the proposed combination with Fyffes.