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SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2012
SEGMENT INFORMATION

NOTE P - SEGMENT INFORMATION

 

Central reports segment information in accordance with ASC 280. Under ASC 280, all publicly traded companies are required to report certain information about the operating segments, products, services and geographical areas in which they operate and their major customers. Operating segments are components of a company for which separate financial information is available that is evaluated regularly by management in deciding how to allocate resources and assess performance. This information is reported on the basis that it is used internally for evaluating segment performance. Central had only one operating segment (transportation and terminaling business of Regional) during the three months ended June 30, 2011 and 2012. The following are amounts related to the transportation and terminaling business included in the accompanying consolidated financial statements for the three months ended June 30, 2011 and 2012 and at December 31, 2011 and June 30, 2012:

 

    Three Months
Ended
June 30, 2011
    Three Months
Ended
June 30, 2012
 
             
Revenue from external customers   $ 1,714,000     $ 1,309,000  
Interest expense   $ 125,000     $ 139,000  
Depreciation and amortization   $ 165,000     $ 147,000  
Income tax (expense) benefit   $ 121,000     $ -  
Net income (loss)   $ 147,000     $ (187,000 )

 

    December 31, 2011     June 30, 2012  
                 
Total assets   $ 9,498,000     $ 8,610,000