Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company's significant business segments for the three months ended March 31, 2013 and 2012 were Tobacco and Real Estate.  The Tobacco segment consists of the manufacture and sale of cigarettes.  The Real Estate segment includes the Company's investment in Escena, Indian Creek and investments in non-consolidated real estate businesses. The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

Financial information for the Company's operations before taxes for the three months ended March 31, 2013 and 2012 follows:

					Real		Corporate
	Tobacco				Estate		and Other			Total
Three months ended March 31, 2013
Revenues	$	240,402			$	—	$	—		$	240,402
Operating income (loss)	47,160		(1	)	86		(4,150		)	43,096
Equity income from non-consolidated real estate businesses	—				481		—			481
Depreciation and amortization	2,385				128		83			2,596
Capital expenditures	1,937				305		1,315			3,557
Three months ended March 31, 2012
Revenues	$	257,606			$	—	$	—		$	257,606
Operating income (loss)	37,515				521		(4,590		)	33,446
Equity income from non-consolidated real estate businesses	—				2,863		—			2,863
Depreciation and amortization	2,495				85		191			2,771
Capital expenditures	1,442				41		760			2,243

⁽¹⁾ Operating income includes $5,602 of income from a NPM Settlement.