Operating Segments

6 Months Ended

Jun. 30, 2011

Operating Segments

Operating Segments

13. OPERATING SEGMENTS

The Company operates and manages its business based upon three primary geographic segments: Poland, Russia and Hungary. Selected financial data split based upon this segmentation assuming elimination of intercompany revenues and profits is shown below: Segment information represents only continuing operations.

	Segment Net Sales						Segment Net Sales
	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Segment
Poland	$	58,749		$	52,394		$	104,644		$	100,832
Russia		145,655			117,595			251,313			212,923
Hungary		7,553			5,608			12,711			11,648
Total Net Sales	$	211,957		$	175,597		$	368,668		$	325,403
	Operating Income						Operating Income
	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Segment
Poland before fair value adjustments	$	8,012		$	15,881		$	11,381		$	25,921
Gain on remeasurement of previously held equity interests		0			0			7,898			0
Poland after fair value adjustments		8,012			15,881			19,279			25,921
Russia		9,225			26,806			8,591			42,973
Hungary		1,280			722			1,941			1,800
Corporate Overhead
General corporate overhead		(1,049	)		(1,370	)		(2,292	)		(2,542	)
Option Expense		(644	)		(813	)		(1,337	)		(1,672	)
Total Operating Profit	$	16,824		$	41,226		$	26,182		$	66,480

	Identifiable Operating Assets
	June 30,		December 31,
	2011		2010
Segment
Poland	$	1,082,882	$	1,168,206
Russia		2,423,551		2,189,694
Hungary		25,532		33,495
Corporate		49,414		4,787
Total Identifiable Assets	$	3,581,379	$	3,396,182

	Goodwill
	June 30,		December 31,
	2011		2010
Segment
Poland	$	417,067	$	387,448
Russia		1,444,899		1,055,772
Hungary		7,592		7,053
Corporate		0		0
Total Goodwill	$	1,869,558	$	1,450,273