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QUARTERLY INFORMATION (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2010
QUARTERLY INFORMATION (Unaudited) [Abstract] |
Segment Results by Quarter | 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.

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