Operating segments

12 Months Ended

Dec. 31, 2012

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,
	2012		2011		2010
Segment
Poland	$	237,602	$	226,411	$	225,281
Russia		550,316		572,148		446,329
Hungary		27,755		31,007		30,521
Total Net Sales	$	815,673	$	829,566	$	702,131

	Operating income / (loss)
	Year ended December 31,
	2012			2011			2010
Segment
Poland before fair value adjustments	$	33,995		$	27,334		$	28,478
Gain on remeasurement of previously held equity interests		0			7,898			0
Impairment charge		(64,028	)		(213,687	)		(131,849	)
Poland after fair value adjustments		(30,033	)		(178,455	)		(103,371	)
Russia before fair value adjustments		44,935			10,982			48,805
Impairment charge		(308,871	)		(844,132	)		0
Russia after fair value adjustments		(263,936	)		(833,150	)		48,805
Hungary		4,604			5,448			5,442
Corporate Overhead
General corporate overhead		(36,036	)		(4,263	)		(5,261	)
Option Expense		(2,954	)		(2,605	)		(3,206	)
Total Operating loss	$	(328,355	)	$	(1,013,025	)	$	(57,591	)

	Equity in the net income/(loss) of investees accounted for by the equity method Year ended December 31,
	2012		2011			2010
Segment
Poland	$	0	$	0		$	0
Russia		0		(7,946	)		13,386
Hungary		0		0			0
Total equity in the net income / (losses) of investees accounted for by the equity method	$	0	$	(7,946	)	$	13,386

	Depreciation / amortization and depletion expense Year ended December 31,
	2012		2011		2010
Segment
Poland	$	2,264	$	2,276	$	2,123
Russia		6,499		8,187		5,467
Hungary		229		361		406
General corporate overhead		2		13		6
Total depreciation	$	8,994	$	10,837	$	8,002

	Income tax
	Year ended December 31,
	2012			2011 (Restated, see Note 2)			(Restated, see Note 2) 2010
Segment
Poland	$	(1,113	)	$	(593	)	$	35,098
Russia		(10,566	)		(27,607	)		(17,570	)
Hungary		(1,082	)		(606	)		(785	)
General corporate overhead		1,064			(8,706	)		(2,882	)
Total income tax (expense)/benefit	$	(11,697	)	$	(37,512	)	$	13,861

	Identifiable Operating Assets
	December 31, 2012		December 31, 2011
Segment
Poland	$	532,038	$	579,452
Russia		1,131,009		1,369,744
Hungary		28,832		20,265
Corporate		75,673		25,769
Total Identifiable Assets	$	1,767,552	$	1,995,230

	Goodwill
	December 31, 2012		December 31, 2011
Segment
Poland	$	213,897	$	252,080
Russia		167,848		412,105
Hungary		6,640		6,109
Total Goodwill	$	388,385	$	670,294