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Business Segment Information | 3 Months Ended
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Mar. 31, 2015
Segment Reporting [Abstract] |
Business Segment Information | Business Segment Information The Company is organized functionally in geographic operating segments. Accordingly, management focuses its attention on revenues, net revenues 1, operating income, identifiable assets, capital expenditures, depreciation and amortization and equity generated in each of these geographical areas when evaluating the effectiveness of geographic management. The Company charges its subsidiaries and affiliates for services rendered in the United States on a cost recovery basis. Transactions among the Company’s various offices are conducted using the same arms-length pricing methodologies the Company uses when its offices transact business with independent agents. Financial information regarding the Company’s operations by geographic area is as follows:
(in thousands) | UNITED STATES |  | OTHER NORTH AMERICA |  | LATIN AMERICA |  | NORTH ASIA |  | SOUTH ASIA |  | EUROPE |  | MIDDLE EAST, AFRICA AND INDIA |  | ELIMI- NATIONS |  | CONSOLI- DATED
Three months ended March 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from unaffiliated customers | $ | 444,181 |  |  | 54,794 |  |  | 24,081 |  |  | 645,444 |  |  | 181,381 |  |  | 242,086 |  |  | 85,559 |  |  | — |  |  | 1,677,526 |
Transfers between geographic areas | 27,675 |  |  | 2,814 |  |  | 4,777 |  |  | 5,697 |  |  | 5,915 |  |  | 9,637 |  |  | 5,067 |  |  | (61,582 | ) |  | — |
Total revenues | $ | 471,856 |  |  | 57,608 |  |  | 28,858 |  |  | 651,141 |  |  | 187,296 |  |  | 251,723 |  |  | 90,626 |  |  | (61,582 | ) |  | 1,677,526 |
Net revenues 1 | $ | 219,603 |  |  | 30,678 |  |  | 16,559 |  |  | 117,405 |  |  | 42,200 |  |  | 75,888 |  |  | 27,153 |  |  | — |  |  | 529,486 |
Operating income | $ | 59,181 |  |  | 11,091 |  |  | 5,356 |  |  | 57,056 |  |  | 13,880 |  |  | 15,071 |  |  | 7,248 |  |  | — |  |  | 168,883 |
Identifiable assets at period end | $ | 1,451,103 |  |  | 109,180 |  |  | 57,232 |  |  | 541,983 |  |  | 143,910 |  |  | 430,338 |  |  | 198,954 |  |  | 11,078 |  |  | 2,943,778 |
Capital expenditures | $ | 6,325 |  |  | 288 |  |  | 617 |  |  | 290 |  |  | 319 |  |  | 1,148 |  |  | 458 |  |  | — |  |  | 9,445 |
Depreciation and amortization | $ | 7,393 |  |  | 292 |  |  | 268 |  |  | 1,399 |  |  | 530 |  |  | 1,246 |  |  | 401 |  |  | — |  |  | 11,529 |
Equity | $ | 1,182,808 |  |  | 58,998 |  |  | 34,604 |  |  | 306,775 |  |  | 106,139 |  |  | 154,343 |  |  | 120,086 |  |  | (36,222 | ) |  | 1,927,531 |
Three months ended March 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from unaffiliated customers | $ | 400,739 |  |  | 51,584 |  |  | 20,629 |  |  | 568,689 |  |  | 140,743 |  |  | 233,683 |  |  | 75,578 |  |  | — |  |  | 1,491,645 |
Transfers between geographic areas | 20,011 |  |  | 2,375 |  |  | 5,204 |  |  | 5,417 |  |  | 6,550 |  |  | 9,319 |  |  | 4,542 |  |  | (53,418 | ) |  | — |
Total revenues | $ | 420,750 |  |  | 53,959 |  |  | 25,833 |  |  | 574,106 |  |  | 147,293 |  |  | 243,002 |  |  | 80,120 |  |  | (53,418 | ) |  | 1,491,645 |
Net revenues 1 | $ | 192,082 |  |  | 26,161 |  |  | 15,357 |  |  | 93,394 |  |  | 39,093 |  |  | 74,331 |  |  | 24,168 |  |  | — |  |  | 464,586 |
Operating income | $ | 51,898 |  |  | 8,375 |  |  | 4,859 |  |  | 40,054 |  |  | 12,470 |  |  | 11,642 |  |  | 5,905 |  |  | — |  |  | 135,203 |
Identifiable assets at period end | $ | 1,437,768 |  |  | 105,070 |  |  | 61,503 |  |  | 545,148 |  |  | 151,184 |  |  | 437,857 |  |  | 183,288 |  |  | 3,686 |  |  | 2,925,504 |
Capital expenditures | $ | 3,928 |  |  | 264 |  |  | 301 |  |  | 2,660 |  |  | 456 |  |  | 866 |  |  | 285 |  |  | — |  |  | 8,760 |
Depreciation and amortization | $ | 7,852 |  |  | 280 |  |  | 212 |  |  | 1,502 |  |  | 596 |  |  | 1,507 |  |  | 433 |  |  | — |  |  | 12,382 |
Equity | $ | 1,151,455 |  |  | 69,702 |  |  | 32,017 |  |  | 333,871 |  |  | 112,090 |  |  | 188,354 |  |  | 108,009 |  |  | (35,484 | ) |  | 1,960,014 |
_______________________ 1 Net revenues are a non-GAAP measure calculated as revenues less directly related operations expenses attributable to the Company's principal services. The Company's management believes that net revenues are a better measure than total revenues when evaluating the Company's operating segment performance since total revenues earned as a freight consolidator include the carriers' charges for carrying the shipment, whereas revenues earned in other capacities include primarily the commissions and fees earned by the Company. Net revenue is one of the Company's primary operational and financial measures and demonstrates the Company's ability to concentrate and leverage purchasing power through effective consolidation of shipments from customers utilizing a variety of transportation carriers and optimal routings. The following table presents the calculation of consolidated net revenues:
| Three months ended
| March 31,
| 2015 |  | 2014
Total revenues | $ | 1,677,526 |  |  | $ | 1,491,645 |
Expenses: |  |  |
Airfreight services | 513,001 |  |  | 482,882 |
Ocean freight and ocean services | 445,456 |  |  | 367,375 |
Customs brokerage and other services | 189,583 |  |  | 176,802 |
Net revenues | $ | 529,486 |  |  | $ | 464,586 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 + Details
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