Segment and Geographic Information

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

As of September 30, 2013, the Company operated 28 distribution centers in the U.S. and Canada (excluding two distribution facilities that it operates as a third party logistics provider) which support its wholesale distribution business. Twenty-four of the Company's distribution centers are located in the U.S., including three consolidating warehouses, and four are located in Canada.

The Company's distribution centers (operating divisions), which produce almost all of its revenues, have similar historical economic characteristics and have been aggregated into one reporting segment. Couche-Tard accounted for approximately 14.7% and 14.8% of the Company's net sales in the three and nine months ended September 30, 2013, respectively, and accounted for approximately 13.7% and 13.6% of the Company's net sales in the three and nine months ended September 30, 2012, respectively.

Information about our business operations based on the two geographic areas is as follows (in millions):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Net sales:
United States	$	2,316.3		$	1,995.6		$	6,440.6		$	5,798.5
Canada	298.5			311.2			812.1			881.0
Corporate (1)	5.9			8.1			23.6			23.4
Total	$	2,620.7		$	2,314.9		$	7,276.3		$	6,702.9
Income (loss) before income taxes:
United States	$	14.9		$	10.3		$	36.8		$	29.3
Canada	0.6			0.7			0.5			1.6
Corporate (2)	3.4			5.9			5.5			8.8
Total	$	18.9		$	16.9		$	42.8		$	39.7
Interest expense:
United States	$	7.5		$	6.6		$	22.0		$	20.0
Canada	0.1			0.1			0.5			0.5
Corporate (2)	(7.0		)	(6.3		)	(20.4		)	(18.9		)
Total	$	0.6		$	0.4		$	2.1		$	1.6
Depreciation and amortization:
United States	$	5.1		$	4.4		$	15.0		$	13.1
Canada	0.6			0.7			2.0			2.2
Corporate (2)	1.1			1.2			3.2			3.7
Total	$	6.8		$	6.3		$	20.2		$	19.0

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(1) Consists primarily of external sales made by our consolidating warehouses, management service fee revenue, an allowance for sales returns and certain other sales adjustments.

(2) Consists primarily of net expenses and other income that is not allocated to the U.S. and Canada, intercompany eliminations for interest and allocations of overhead, and LIFO income or expense.

Identifiable assets by geographic areas are as follows (in millions):

	September 30,		December 31,
	2013		2012
Identifiable assets:
United States	$	829.3	$	821.7
Canada	93.1		97.5
Total	$	922.4	$	919.2

The net sales mix for our primary product categories is as follows (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Product Category	2013		2012		2013		2012
Cigarettes	$	1,783.7	$	1,596.5	$	4,950.0	$	4,626.1
Food	365.8		312.5		995.7		888.0
Candy	134.8		122.8		398.0		373.0
Other tobacco products	208.3		178.5		583.9		515.7
Health, beauty & general	84.6		66.7		238.2		198.5
Beverages	43.1		37.3		109.3		99.8
Equipment/other	0.4		0.6		1.2		1.8
Total food/non-food products	$	837.0	$	718.4	$	2,326.3	$	2,076.8
Total net sales	$	2,620.7	$	2,314.9	$	7,276.3	$	6,702.9