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Segment Information
9 Months Ended
Sep. 30, 2011
Segment Information [Abstract] 
Segment Information

Note 12 – 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. (See Note14)

 

   

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." Inter-segment transactions are eliminated. Financial information for each segment follows:

 

     Quarter Ended Sept. 30,     Nine Months Ended Sept. 30,  
(In thousands)    2011     2010     2011     2010  

Net sales:

        

Bananas

   $ 453,401      $ 431,335      $ 1,547,613      $ 1,454,519   

Salads and Healthy Snacks

     239,784        251,418        730,943        797,986   

Other Produce

     29,579        46,953        139,022        201,861   
  

 

 

   

 

 

   

 

 

   

 

 

 
   $ 722,764      $ 729,706      $ 2,417,578      $ 2,454,366   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income (loss):

        

Bananas

   $ 6,623      $ 2,773      $ 122,392      $ 70,732   

Salads and Healthy Snacks1

     (2,749     17,741        6,557        99,393   

Other Produce2

     (1,536     657        (38,117     3,930   

Corporate

     (12,733     (14,836     (45,181     (53,426
  

 

 

   

 

 

   

 

 

   

 

 

 
   $ (10,395   $ 6,335      $ 45,651      $ 120,629   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

1 Salads and Healthy Snacks segment includes a gain on the deconsolidation and sale of the European smoothie business of $32 million in 2010 as described in Note 14.
2 Other Produce segment includes a reserve of $32 million in the second quarter of 2011 for advances made to a Chilean grower as described in Note 2.