Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company's significant business segments for the three and nine months ended September 30, 2012 and 2011 were Tobacco and Real Estate.  The Tobacco segment consists of the manufacture and sale of cigarettes.  The Real Estate segment includes the Company's investment in Escena, Aberdeen and investments in non-consolidated real estate businesses. The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

Financial information for the Company's operations before taxes for the three and nine months endedSeptember 30, 2012 and 2011 follows:

			Real			Corporate
	Tobacco		Estate			and Other			Total
Three months ended September 30, 2012
Revenues	$	272,783	$	—		$	—		$	272,783
Operating income (loss)	48,139		(1,054		)	(3,892		)	43,193
Equity income from non-consolidated real estate businesses	—		12,874			—			12,874
Depreciation and amortization	2,425		119			94			2,638
Three months ended September 30, 2011
Revenues	$	288,995	$	—		$	—		$	288,995
Operating income (loss)	42,888		(947		)	(4,086		)	37,855
Equity income from non-consolidated real estate businesses	—		6,496			—			6,496
Depreciation and amortization	2,337		82			194			2,613
Nine months ended September 30, 2012
Revenues	$	806,983	$	—		$	—		$	806,983
Operating income (loss)	130,244		(782		)	(11,895		)	117,567
Equity income from non-consolidated real estate businesses	—		20,969			—			20,969
Depreciation and amortization	7,303		292			353			7,948
Capital expenditures	7,151		156			961			8,268
Nine months ended September 30, 2011
Revenues	$	840,553	$	—		$	—		$	840,553
Operating income (loss)	121,527		(1,277		)	(12,952		)	107,298
Equity income from non-consolidated real estate businesses	—		17,597			—			17,597
Depreciation and amortization	6,721		242			968			7,931
Capital expenditures	8,129		139			201			8,469

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