BUSINESS SEGMENTS

3 Months Ended

Dec. 31, 2011

BUSINESS SEGMENTS

BUSINESS SEGMENTS

10. BUSINESS SEGMENTS

AMCON has two reportable business segments: the wholesale distribution of consumer products and the retail sale of health and natural food products. The retail health food stores’ operations are aggregated to comprise the Retail Segment because such operations have similar economic characteristics, as well as similar characteristics with respect to the nature of products sold, the type and class of customers for the health food products and the methods used to sell the products.  Included in the “Other” column are intercompany eliminations, and assets held and charges incurred by our holding company.  The segments are evaluated on revenues, gross margins, operating income (loss), and income before taxes.

	WholesaleSegment		RetailSegment		Other			Consolidated
THREE MONTHS ENDED DECEMBER 2011:
External revenue:
Cigarettes	$	206,172,858	$	—	$	—		$	206,172,858
Confectionery	17,498,941		—		—			17,498,941
Health food	—		8,533,427		—			8,533,427
Tobacco, food service & other	51,357,824		—		—			51,357,824
Total external revenue	275,029,623		8,533,427		—			283,563,050
Depreciation	410,582		101,036		937			512,555
Amortization	100,939		—		—			100,939
Operating income (loss)	3,368,146		413,163		(1,107,128		)	2,674,181
Interest expense	135,067		82,994		206,049			424,110
Income (loss) from continuing operations before taxes	3,281,094		335,002		(1,214,761		)	2,401,335
Total assets	97,403,795		12,710,053		938,884			111,052,732
Capital expenditures	227,391		34,326		—			261,717
THREE MONTHS ENDED DECEMBER 2010:
External revenue:
Cigarettes	$	175,772,237	$	—	$	—		$	175,772,237
Confectionery	15,869,052		—		—			15,869,052
Health food	—		9,092,449		—			9,092,449
Tobacco, food service & other	44,223,423		—		—			44,223,423
Total external revenue	235,864,712		9,092,449		—			244,957,161
Depreciation	310,232		107,396		937			418,565
Amortization	79,018		—		—			79,018
Operating income (loss)	4,936,987		792,089		(2,306,308		)	3,422,768
Interest expense	111,069		103,550		169,964			384,583
Income (loss) from continuing operations before taxes	4,828,640		694,085		(2,461,659		)	3,061,066
Total assets	74,723,959		12,939,325		952,270			88,615,554
Capital expenditures	247,747		45,290		—			293,037