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Operating Segments
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Operating Segments

Note 16 – Operating Segments

We regularly allocate resources to and assess the performance of our operations by segments that are organized by unique geographic and operating characteristics. The segments are organized in order to manage regional business, currency and tax related risks and opportunities. Operations included under the heading “United States” include corporate management, cash management, business development and financing activities performed in the United States and other countries, which do not meet the requirements for separate disclosure. All intersegment revenues, other income and equity earnings, expenses and receivables are eliminated in order to reconcile to consolidated totals. Corporate general and administrative and interest expenses are included in the United States segment and are not allocated to other operating segments. In previous years, charges for intersegment general and administrative and interest expenses were included in results for the respective operating segments, and operating segment assets included intersegment receivables and loans. Segment income (loss) and operating segment assets for prior periods have been adjusted to conform to the current presentation method in which intersegment items are eliminated from each segment’s results and assets.

 

     Year Ended December 31,  
     2013     2012     2011  
           (in thousands)        

Segment Income (Loss) Attributable to Harvest

      

Venezuela

   $ 58,640      $ 51,584      $ 54,974   

Gabon

     (12,908     (2,902     (6,158

Indonesia

     (9,213     (4,052     (45,416

United States

     (120,465     (42,431     (33,685
  

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations (a)

     (83,946     2,199        (30,285

Discontinued operations

     (5,150     (14,410     86,245   
  

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to Harvest

   $ (89,096   $ (12,211   $ 55,960   
  

 

 

   

 

 

   

 

 

 

 

(a)  Net of net income attributable to noncontrolling interest.

 

     As of December 31,  
     2013      2012  
     (in thousands)  

Operating Segment Assets

     

Venezuela

   $ 500,946       $ 428,992   

Gabon

     107,851         80,908   

Indonesia

     5,004         9,587   

United States

     121,050         77,037   
  

 

 

    

 

 

 
     734,851         596,524   

Discontinued operations

     29         313   
  

 

 

    

 

 

 

Total Assets

   $ 734,880       $ 596,837