Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Changes in Allowance for Doubtful Accounts

The changes in the

allowance for doubtful accounts, included on the consolidated balance sheets as an offset to “Accounts receivable,” for the three years ended December 31, 2013 were as follows (in millions):

	Balance at Beginning of year	Provision forbad debt	Write-offs and Other	Balance at End of Year
2013	$1.6	$0.1	$(0.4)	$1.3
2012	$1.7	$0.2	$(0.3)	$1.6
2011	$1.4	$0.9	$(0.6)	$1.7

Inventories

Inventories at December 31, 2013 and 2012 were as follows (in millions):

	2013		2012
Sugar inventories	$	16.8	$	3.9
Asphalt	17.9		—
Processed rock, portland cement, and sand	12.9		—
Work in progress	2.7		—
Retail merchandise	1.8		—
Parts, materials and supplies inventories	16.0		19.6
Total	$	68.1	$	23.5

Estimated Useful Lives of Property

Estimated useful lives of property are as follows:

Classification	Range of Life (in years)
Buildings	10 to 40
Water, power and sewer systems	5 to 50
Rock crushing and asphalt plants	25 to 35
Machinery and equipment	2 to 35
Other property improvements	3 to 35

Intangible Assets

Intangible assets for the years ended December 31 included the following (in millions):

	2013					2012
			Accumulated					Accumulated
	Cost		Amortization			Cost		Amortization
Amortized intangible assets:
In-place leases	$	59.6	$	(18.6	)	$	18.7	$	(11.8	)
Permitted quarry rights	18.0		(0.1		)	—		—
Other	22.3		(7.1		)	6.1		(4.7		)
Total assets	$	99.9	$	(25.8	)	$	24.8	$	(16.5	)

Estimated Future Amortization Expenses Related to Intangible Assets

Estimated amortization expenses related to intangibles over the next five years are as follows (in millions):

	Estimated Amortization
2014	$11.5
2015	$8.1
2016	$6.6
2017	$5.4
2018	$4.8

Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 were as follows (in millions):

	Goodwill
Balance, January 1, 2012	$	—
Additions	—
Balance, December 31, 2012	—
Goodwill acquired during the year	99.6
Balance, December 31, 2013	$	99.6

Shares Used to Compute Basic and Diluted Earnings Per Share

The following table provides a reconciliation of income from continuing operations to income from continuing operations attributable to A&B (in millions):

	2013			2012		2011
Income from continuing operations	$	15.1		$	7.7	$	0.2
Noncontrolling interest	(0.5		)	—		—
Income from continuing operations attributable to A&B	$	14.6		$	7.7	$	0.2

The number of shares used to compute basic and diluted earnings per share is as follows (in millions):

	2013	2012	2011
Denominator for basic EPS - weighted average shares outstanding	44.4	42.6	42.4
Effect of dilutive securities:
Outstanding stock options and restricted stock units	0.7	0.3	—
Denominator for diluted EPS - weighted average shares outstanding	45.1	42.9	42.4

Components of Accumulated Other Comprehensive Loss, Net of Taxes

The components of accumulated other comprehensive loss, net of taxes, were as follows for the years ended December 31 (in millions):

	2013			2012			2011
Unrealized components of benefit plans:
Pension plans	$	(29.3	)	$	(48.6	)	$	(48.7	)
Post-retirement plans	(1.1		)	1.4			1.4
Non-qualified benefit plans	0.3			—			(0.3		)
Accumulated other comprehensive loss	$	(30.1	)	$	(47.2	)	$	(47.6	)