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QUARTERLY INFORMATION (Unaudited)
 12 Months Ended
Dec. 31, 2010
QUARTERLY INFORMATION (Unaudited) [Abstract]  
QUARTERLY INFORMATION (Unaudited)
15. 
QUARTERLY INFORMATION (Unaudited)

Segment results by quarter for 2010 are listed below (in millions, except per-share amounts):

   
2010
 
   
Q1
   
Q2
   
Q3
   
Q4
 
Revenue:
                   
Transportation:
                               
Ocean transportation
 
$
229.5
   
$
257.2
   
$
267.5
   
$
290.8
 
Logistics services
   
77.1
     
88.6
     
92.4
     
97.5
 
Less amounts reported in discontinued operations 1
   
--
     
--
     
(5.7
)
   
(22.8
)
Real Estate:
                               
Leasing
   
23.6
     
23.2
     
24.4
     
23.2
 
Sales
   
60.3
     
22.0
     
4.3
     
49.5
 
Less amounts reported in discontinued operations 1
   
(58.4
)
   
(20.7
)
   
(3.3
)
   
(44.3
)
Agribusiness2
   
14.2
     
29.8
     
60.4
     
59.5
 
Reconciling Items 3
   
(4.2
)
   
(3.6
)
   
(2.7
)
   
(15.8
)
Total revenue
 
$
342.1
   
$
396.5
   
$
437.3
   
$
437.6
 
Operating Profit (Loss):
                               
Transportation:
                               
Ocean transportation4
 
$
10.4
   
$
37.0
   
$
40.4
   
$
11.6
 
Logistics services
   
1.9
     
1.5
     
1.8
     
2.0
 
Less amounts reported in discontinued operations 1
   
--
     
--
     
2.1
     
17.2
 
Real Estate:
                               
Leasing
   
9.1
     
8.5
     
9.3
     
8.4
 
Sales
   
21.4
     
8.0
     
2.9
     
17.8
 
Less amounts reported in discontinued operations1
   
(22.8
)
   
(10.6
)
   
(2.1
)
   
(19.0
)
Agribusiness2
   
(1.1
)
   
1.8
     
0.8
     
4.6
 
Total operating profit
   
18.9
     
46.2
     
55.2
     
42.6
 
Interest Expense
   
(6.5
)
   
(6.5
)
   
(6.3
)
   
(6.2
)
General Corporate Expenses
   
(6.6
)
   
(4.5
)
   
(7.7
)
   
(4.5
)
Income From Continuing Operations before Income Taxes
   
5.8
     
35.2
     
41.2
     
31.9
 
Income taxes
   
3.0
     
13.1
     
15.5
     
13.1
 
Income From Continuing Operations
   
2.8
     
22.1
     
25.7
     
18.8
 
Discontinued Operations1
   
14.5
     
6.8
     
--
     
1.4
 
Net Income
 
$
17.3
   
$
28.9
   
$
25.7
   
$
20.2
 
                                 
Earnings Per Share:
                               
Basic
 
$
0.42
   
$
0.70
   
$
0.62
   
$
0.49
 
Diluted
 
$
0.42
   
$
0.70
   
$
0.62
   
$
0.48
 


1
See Note 2 for discussion of discontinued operations.
2
Includes a $4.9 million gain in the fourth quarter of 2010 related to a crop disaster relief payment for drought experienced in prior years.
3
Includes inter-segment revenue, interest income, and other income classified as revenue for segment reporting purposes.
4
Matson's CLX2 service was terminated in the third quarter of 2011 and is reflected as discontinued operations. The losses from CLX2 shown as discontinued operations were $2.1 million and $17.2 million in the third and fourth quarter of 2010, respectively.


Segment results by quarter for 2009 are listed below (in millions, except per-share amounts):

   
2009
 
   
Q1
   
Q2
   
Q3
   
Q4
 
Revenue:
                   
Transportation:
                               
Ocean transportation
 
$
201.1
   
$
218.5
   
$
234.2
   
$
234.8
 
Logistics services
   
76.2
     
80.3
     
82.3
     
82.1
 
Real Estate:
                               
Leasing
   
27.2
     
25.9
     
25.2
     
24.9
 
Sales
   
25.2
     
21.3
     
14.9
     
64.2
 
Less amounts reported in discontinued operations 1
   
(33.0
)
   
(23.9
)
   
(16.5
)
   
(63.2
)
Agribusiness 2
   
17.7
     
29.2
     
32.5
     
27.6
 
Reconciling Items 3
   
(2.3)
     
(2.8
)
   
(3.0
)
   
(8.2
)
Total revenue
 
$
312.1
   
$
348.5
   
$
369.6
   
$
362.2
 
Operating Profit (Loss):
                               
Transportation:
                               
Ocean transportation
 
$
(0.5
)
 
$
21.1
   
$
24.2
   
$
13.5
 
Logistics services
   
1.5
     
1.8
     
2.2
     
1.2
 
Real Estate:
                               
Leasing
   
12.0
     
11.0
     
10.2
     
10.0
 
Sales
   
5.6
     
9.6
     
3.5
     
20.4
 
Less amounts reported in discontinued operations1
   
(13.3
)
   
(13.7
)
   
(7.3
)
   
(24.9
)
Agribusiness
   
(1.9
)
   
(11.3
)
   
(13.8
)
   
(0.8
)
Total operating profit
   
3.4
     
18.5
     
19.0
     
19.4
 
Interest Expense
   
(5.6
)
   
(6.9
)
   
(6.7
)
   
(6.7
)
General Corporate Expenses
   
(6.1
)
   
(4.5
)
   
(4.9
)
   
(6.3
)
Income From Continuing Operations before Income Taxes
   
(8.3
)
   
7.1
     
7.4
     
6.4
 
Income taxes (benefit)
   
(3.1
)
   
3.0
     
3.4
     
1.7
 
Income From Continuing Operations
   
(5.2
)
   
4.1
     
4.0
     
4.7
 
Discontinued Operations1
   
8.2
     
8.5
     
4.5
     
15.4
 
Net Income
 
$
3.0
   
$
12.6
   
$
8.5
   
$
20.1
 
                                 
Earnings Per Share:
                               
Basic
 
$
0.07
   
$
0.31
   
$
0.21
   
$
0.49
 
Diluted
 
$
0.07
   
$
0.31
   
$
0.21
   
$
0.49
 


1
See Note 2 for discussion of discontinued operations.
2
Includes a $5.4 million gain recorded upon consolidation of HS&TC in the fourth quarter of 2009.
3
 Includes inter-segment revenue, interest income, and other income classified as revenue for segment reporting purposes.