Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company's significant business segments for the three and six months ended June 30, 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 and six months ended June 30, 2013 and 2012 follows:

					Real			Corporate
	Tobacco				Estate			and Other			Total
Three months ended June 30, 2013
Revenues	$	249,120			$	—		$	—		$	249,120
Operating income (loss)	48,294		(1	)	(407		)	(3,647		)	44,240
Equity income from non-consolidated real estate businesses	—				6,804			—			6,804
Depreciation and amortization	2,368				152			117			2,637
Three months ended June 30, 2012
Revenues	$	276,594			$	—		$	—		$	276,594
Operating income (loss)	44,590				(249		)	(3,413		)	40,928
Equity income from non-consolidated real estate businesses	—				5,232			—			5,232
Depreciation and amortization	2,383				88			68			2,539
Six months ended June 30, 2013
Revenues	$	489,522			$	—		$	—		$	489,522
Operating income (loss)	95,454		(2	)	(321		)	(7,797		)	87,336
Equity income from non-consolidated real estate businesses	—				7,285			—			7,285
Depreciation and amortization	4,753				280			200			5,233
Capital expenditures	3,319				429			2,247			5,995
Six months ended June 30, 2012
Revenues	$	534,200			$	—		$	—		$	534,200
Operating income (loss)	82,105				272			(8,003		)	74,374
Equity income from non-consolidated real estate businesses	—				8,095			—			8,095
Depreciation and amortization	4,878				173			259			5,310
Capital expenditures	6,334				99			961			7,394

⁽¹⁾ Operating income includes $1,345 of income from a NPM Settlement.

⁽²⁾ Operating income includes $6,947 of income from NPM Settlements.