Operating Segments

12 Months Ended

Dec. 31, 2011

Operating Segments

25. 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
	Year ended December 31,
	2011		2010		2009
	(Restated, see note  2)		(Restated, see note  2)
Segment
Poland	$	226,411	$	225,281	$	258,727
Russia		572,148		446,329		394,102
Hungary		31,007		30,521		36,585
Total Net Sales	$	829,566	$	702,131	$	689,414

	Operating income / (loss)
	Year ended December 31,
	2011			2010			2009
	(Restated, see note 2)			(Restated, see note 2)
Segment
Poland before fair value adjustments	$	27,334		$	28,478		$	67,675
Gain on remeasurement of previously held equity interests		7,898			0			63,605
Contingent consideration true-up		0			0			(15,000	)
Impairment charge		(213,687	)		(131,849	)		(20,309	)
Poland after fair value adjustments		(178,455	)		(103,371	)		95,971
Russia before fair value adjustments		10,982			48,805			90,696
Impairment charge		(844,132	)		0			0
Russia after fair value adjustments		(833,150	)		48,805			90,696
Hungary		5,448			5,442			6,149
Corporate Overhead
General corporate overhead		(4,263	)		(5,261	)		(4,569	)
Option Expense		(2,605	)		(3,206	)		(3,782	)
Total Operating income / (loss)	$	(1,013,025	)	$	(57,591	)	$	184,465

	Equity in the net income/(loss) of investees accounted for by the equity  method Year ended December 31,
	2011			2010		2009
	(Restated, see note 2)			(Restated, see note 2)
Segment
Poland	$	0		$		$	0
Russia		(7,946	)		13,386		(5,583	)
Hungary		0			0		0
Total equity in the net income of investees accounted for by the equity method	$	(7,946	)	$	13,386	$	(5,583	)

	Depreciation / amortization and depletion expense
	Year ended December 31,
	2011		2010		2009
Segment
Poland	$	2,276	$	2,123	$	2,664
Russia		8,187		5,467		3,442
Hungary		361		406		439
General corporate overhead		13		6		33
Total depreciation	$	10,837	$	8,002	$	6,578

	Income tax
	Year ended December 31,
	2011			2010			2009
	(Restated, see note 2)			(Restated, see note 2)
Segment
Poland	$	44,639		$	47,954		$	630
Russia		(27,607	)		(17,570	)		(19,993	)
Hungary		(606	)		(785	)		(329	)
General corporate overhead		(51,702	)		(2,882	)		1,197
Total income tax (expense)/benefit	$	(35,276	)	$	26,717		$	(18,495	)

	Identifiable Operating Assets
	December 31,		December 31,
	2011 (Restated, see note 2)		2010 (Restated, see note 2)
Segment
Poland	$	600,940	$	1,167,175
Russia		1,369,744		2,141,666
Hungary		20,265		33,495
Corporate		25,769		4,787
Total Identifiable Assets	$	2,016,718	$	3,347,123

	Goodwill
	December 31,		December 31,
	2011 (Restated, see note 2)		2010 (Restated, see note 2)
Segment
Poland	$	252,080	$	387,448
Russia		412,105		1,058,485
Hungary		6,109		7,053
Total Goodwill	$	670,294	$	1,452,986