OPERATING SEGMENTS

9 Months Ended

Sep. 30, 2012

OPERATING SEGMENTS

9. 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
	Three months ended September 30,				Nine months ended September 30,
	2012		2011		2012		2011
Segment
Poland	$	56,471	$	58,234	$	159,778	$	163,463
Russia		128,895		143,623	$	347,675	$	362,393
Hungary		5,965		7,781	$	17,068	$	20,492
Total Net Sales	$	191,331	$	209,638	$	524,521	$	546,348

	Operating income / (loss)
	Three months ended September 30,						Nine months ended September 30,
	2012			2011			2012			2011
Segment
Poland before fair value adjustments	$	11,905		$	8,120		$	27,497		$	21,155
Gain on remeasurement of previously held equity interests		0		$	0			0			7,898
Impairment charge		0		$	(213,687	)		0		$	(213,687	)
Poland after fair value adjustments		11,905			(205,567	)		27,497			(184,634	)
Russia before fair value adjustments		19,634		$	9,167			20,221			6,011
Impairment charge		0		$	(460,828	)		0			(460,828	)
Russia after fair value adjustments		19,634			(451,661	)		20,221			(454,817	)
Hungary		987		$	1,446			2,469			3,387
Corporate Overhead
General corporate overhead		(17,017	)	$	(1,570	)		(23,711	)		(3,862	)
Option Expense		(330	)	$	(662	)		(1,919	)		(1,999	)
Total Operating income / (loss)	$	15,179		$	(658,014	)	$	24,557		$	(641,925	)

	Identifiable Operating Assets
	September 30, 2012		December 31, 2011
Segment
Poland	$	560,792	$	600,940
Russia		1,316,088		1,369,744
Hungary		20,349		20,265
Corporate		82,937		25,769
Total Identifiable Assets	$	1,980,166	$	2,016,718

	Goodwill
	September 30, 2012		December 31, 2011
Segment
Poland	$	271,069	$	252,080
Russia		429,286		412,105
Hungary		6,569		6,109
Total Goodwill	$	706,924	$	670,294