Segment Information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company’s business segments for the three months ended March 31, 2023 and 2022 were Tobacco and Real Estate. 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, 2023 and 2022 were as follows:

				Real		Corporate
	Tobacco			Estate		and Other		Total
Three months ended March 31, 2023
Revenues	$	334,145		$	—	$	—	$	334,145
Operating income (loss)	78,599		(1)	62		(4,364)		74,297
Equity in losses from real estate ventures	—			(1,893)		—		(1,893)
Depreciation and amortization	1,377			—		315		1,692
Capital expenditures	5,983			—		—		5,983
Three months ended March 31, 2022
Revenues	$	309,048		$	2,994	$	—	$	312,042
Operating income (loss)	77,639		(2)	975		(3,488)		75,126
Equity in losses from real estate ventures	—			(1,877)		—		(1,877)
Depreciation and amortization	1,477			60		313		1,850
Capital expenditures	1,208			1		13		1,222

(1) Operating income includes $311 received from a litigation settlement associated with the MSA (which reduced cost of sales) and $270 of litigation settlement and judgment expense.

(2) Operating income includes $2,123 received from a litigation settlement associated with the MSA (which reduced cost of sales) and $72 of litigation settlement and judgment expense.