Segment Information

6 Months Ended

Jun. 30, 2011

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company's significant business segments for the three and six months ended June 30, 2011 and 2010 were Tobacco and Real Estate.  The Tobacco segment consists of the manufacture and sale of cigarettes and the research related to reduced risk products.  The Real Estate segment includes the Company's investments in consolidated and 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 endedJune 30, 2011 and 2010 follows:

				Real			Corporate
	Tobacco			Estate			and Other			Total
Three months ended June 30, 2011
Revenues	$	291,180		$	—		$	—		$	291,180
Operating income (loss)	42,214			(487		)	(3,760		)	37,967
Equity income from non-consolidated real estate businesses	—			6,197			—			6,197
Depreciation and amortization	2,386			80			191			2,657
Three months ended June 30, 2010
Revenues	$	268,460		$	—		$	—		$	268,460
Operating income (loss)	26,027		(1)	(164		)	(4,786		)	21,077
Equity income from non-consolidated real estate businesses	—			7,207			—			7,207
Depreciation and amortization	2,119			76			580			2,775
Six months ended June 30, 2011
Revenues	$	551,558		$	—		$	—		$	551,558
Operating income (loss)	78,639			(330		)	(8,866		)	69,443
Equity income from non-consolidated real estate businesses	—			11,101			—			11,101
Depreciation and amortization	4,384			160			774			5,318
Capital expenditures	4,813			48			11			4,872
Six months ended June 30, 2010
Revenues	$	490,547		$	—		$	—		$	490,547
Operating income (loss)	60,959		(1)	118			(8,982		)	52,095
Equity income from non-consolidated real estate businesses	—			11,778			—			11,778
Depreciation and amortization	4,192			144			1,159			5,495
Capital expenditures	8,639			560			45			9,244

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(1)Operating income includes litigation judgment expense of $14,361.