XML 47 R22.htm IDEA: XBRL DOCUMENT
v2.4.0.6

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.

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration