Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 9 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Segment Reporting Disclosure Text Block
Segment Information
Prior to the Form 10-Q for the three months ended September 30, 2011, our reportable segments included Magellan, NP, and MPAL. During the quarter ended September 30, 2011, Magellan completed a restructuring of its North American assets (See Note 2) resulting in a change to its reportable segments. Segment groupings for the nine months ended March 31, 2011, have been reclassified to conform to the current presentation.
The Company has two reportable segments, NP and MPAL, as well as a head office which is treated as a cost center. See Note 2 detailing the restructuring of our NP segment. The Company’s chief operating decision maker is J. Thomas Wilson (President and CEO of the Company) who reviews the results of the Australian and North American businesses on a regular basis. Both segments engage in business activities from which each may earn revenues and incur expenses. MPAL and its subsidiaries are considered one segment.
Segment information for the Company’s two operating segments is as follows:
 
NP
 
MPAL
 
Corporate
 
Inter-Segment Elimination
 
Total
 
(In thousands)
Three months ended March 31, 2012
 
 
 
 
 
 
 
 
 
Revenues
$
1,692

 
$
3,107

 
$
6

 
$
—

 
$
4,805

Consolidated net loss attributable to Magellan
$
(894
)
 
$
(1,039
)
 
$
(2,652
)
 
$
(5
)
 
$
(4,590
)
 
 
 
 
 
 
 
 
 
 
Three months ended March 31, 2011
 
 
 
 
 
 
 
 
 
Revenues
$
1,350

 
$
3,502

 
$
15

 
$
—

 
$
4,867

Consolidated net income (loss) attributable to Magellan
$
183

 
$
865

 
$
(1,146
)
 
$
14

 
$
(84
)
 
 
 
 
 
 
 
 
 
 
Nine months ended March 31, 2012
 
 
 
 
 
 
 
 
 
Revenues
$
4,574

 
$
7,163

 
$
6

 
$
—

 
$
11,743

Consolidated net income (loss) attributable to Magellan
$
2,862

 
$
(4,348
)
 
$
(6,711
)
 
$
(10
)
 
$
(8,207
)
 
 
 
 
 
 
 
 
 
 
Nine months ended March 31, 2011
 
 
 
 
 
 
 
 
 
Revenues
$
3,667

 
$
9,345

 
$
1,140

 
$
(1,125
)
 
$
13,027

Consolidated net income (loss) attributable to Magellan
$
221

 
$
(286
)
 
$
(5,509
)
 
$
14

 
$
(5,560
)