| OPERATING SEGMENTS |
The Company
operates and manages its business based upon three primary
geographic segments: Poland, Russia and Hungary. Selected financial
data split based upon this segmentation assuming elimination of
intercompany revenues and profits is shown below: Segment
information represents only continuing operations.
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Segment Net
Sales |
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Three months ended March 31, |
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2013 |
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2012 |
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Segment
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Poland
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$ |
51,310 |
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$ |
47,135 |
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Russia
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|
100,616 |
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|
93,426 |
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Hungary
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|
4,321 |
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5,428 |
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Total Net
Sales
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$ |
156,247 |
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$ |
145,989 |
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Operating income /
(loss) |
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Three months ended March 31, |
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2013 |
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2012 |
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Segment
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Poland
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$ |
6,970 |
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$ |
6,480 |
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Russia
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|
2,600 |
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(8,463 |
) |
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Hungary
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|
278 |
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|
720 |
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Corporate
overhead
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General corporate
overhead
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(16,150 |
) |
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(1,692 |
) |
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Option expense
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|
(293 |
) |
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(864 |
) |
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Total Operating income /
(loss)
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|
$ |
(6,595 |
) |
|
$ |
(3,819 |
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Identifiable Operating
Assets |
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March 31,
2013 |
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December 31,
2012 |
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Segment
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Poland
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$ |
497,606 |
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$ |
532,038 |
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Russia
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978,630 |
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|
1,131,009 |
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Hungary
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|
17,164 |
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|
28,832 |
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Corporate
|
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|
33,706 |
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|
75,673 |
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Total Identifiable
Assets
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|
$ |
1,527,106 |
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$ |
1,767,552 |
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Goodwill |
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March 31,
2013 |
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December 31,
2012 |
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Segment
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Poland
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$ |
203,436 |
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$ |
213,897 |
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Russia
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164,818 |
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|
167,848 |
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Hungary
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|
6,180 |
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6,640 |
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Total
Goodwill
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$ |
374,434 |
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$ |
388,385 |
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