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Related Party Transactions
6 Months Ended
Jun. 30, 2012
Related Party Transactions [Abstract]  
Related Party Transactions
(11)
Related Party Transactions.  Effective upon the completion of the Separation, A&B ceased to be a related party of Holdings. Prior to the Separation, transactions with Holdings were considered related party transactions, as discussed below.
 
Services and lease agreements.  Historically, Holdings provided vessel management services to the Company for its bulk sugar vessel, the MV Moku Pahu, the cost of which is included in the cost of Agribusiness revenues. Additionally, the Company recognized lease income in Real Estate Leasing revenue for an industrial warehouse space in Savannah, Georgia, that is leased to Holdings. The Company also recognized Agribusiness revenue for equipment and repair services provided to Holdings, and is reimbursed at cost for various other services provided to Holdings.
 
The amounts of these related party transactions are as follows:
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
(In millions)
 
2012
 
 
2011
 
 
2012
 
 
2011
 
Vessel management services expenses
 
$
(1.1
)
 
$
(1.0
)
 
$
(2.0
)
 
$
(1.9
)
Lease income from affiliate
 
$
1.0
 
 
$
1.2
 
 
$
2.1
 
 
$
2.1
 
Equipment and repair services income and other
 
$
0.9
 
 
0.6
 
 
1.4
 
 
1.2
 
Related party income, net
 
$
0.8
 
 
0.8
 
 
1.5
 
 
1.4
 
 
Contributions.  Contributions from (Distributions to) Holdings, net, totaled $156.4 million and $(30.7) million for the six months ended June 30, 2012 and 2011, respectively. Distributions to Holdings represent dividends paid by the Company to shareholders of Holdings and contributions from Holdings include dividends and contributions received from Holdings.