Operating Segments

6 Months Ended

Jun. 30, 2012

Operating Segments

10. 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
	2012		2011 (Restated, see  Note 2)		2012		2011 (Restated, see  Note 2)
Segment
Poland	$	56,172	$	58,612	$	103,307	$	105,229
Russia		125,354		132,191		218,780		218,770
Hungary		5,675		7,553		11,103		12,711
Total Net Sales	$	187,201	$	198,356	$	333,190	$	336,710

	Operating income / (loss)						Operating income / (loss)
	Three months ended June 30,						Six months ended June 30,
	2012			2011 (Restated, see  Note 2)			2012			2011 (Restated, see  Note 2)
Segment
Poland before fair value adjustments	$	9,112		$	8,242		$	15,592		$	13,035
Gain on remeasurement of previously held equity interests		0			0			0			7,898
Poland after fair value adjustments		9,112			8,242			15,592			20,933
Russia		3,090			3,063			(5,373	)		(3,156	)
Hungary		762			1,280			1,482			1,941
Corporate Overhead
General corporate overhead		(5,002	)		(1,049	)		(6,694	)		(2,292	)
Option Expense		(725	)		(644	)		(1,589	)		(1,337	)
Total Operating income / (loss)	$	7,237		$	10,892		$	3,418		$	16,089

	Identifiable Operating Assets
	June 30, 2012		December 31, 2011
Segment
Poland	$	540,450	$	600,940
Russia		1,217,340		1,369,744
Hungary		19,724		20,265
Corporate		91,011		25,769
Total Identifiable Assets	$	1,868,525	$	2,016,718

	Goodwill
	June 30, 2012		December 31, 2011
Segment
Poland	$	254,230	$	252,080
Russia		403,401		412,105
Hungary		6,161		6,109
Total Goodwill	$	663,792	$	670,294