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SEGMENT DATA
6 Months Ended
Jun. 30, 2014
SEGMENT DATA [Abstract]  
SEGMENT DATA
(8)SEGMENT DATA

The Company’s operations are classified into two reportable business segments as follows:

Marine Transportation — Marine transportation principally by United States flag vessels of liquid cargoes throughout the United States inland waterway system, along all three United States coasts, Alaska and Hawaii and, to a lesser extent, United States coastal transportation of dry-bulk cargoes. The principal products transported include petrochemicals, black oil, refined petroleum products and agricultural chemicals.

Diesel Engine Services — Provides after-market services for medium-speed and high-speed diesel engines, reduction gears and ancillary products for marine and power generation applications, and distributes and services high-speed diesel engines, transmissions, pumps and compression products, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for the land-based pressure pumping and oilfield service markets.

The Company’s two reportable business segments are managed separately based on fundamental differences in their operations. The Company evaluates the performance of its segments based on the contributions to operating income of the respective segments, and before income taxes, interest, gains or losses on disposition of assets, other nonoperating income, noncontrolling interests, accounting changes, and nonrecurring items. Intersegment sales for the three months and six months ended June 30, 2014 and 2013 were not significant.
The following table sets forth the Company’s revenues and profit or loss by reportable segment for the three months and six months ended June 30, 2014 and 2013 and total assets as of June 30, 2014 and December 31, 2013 (in thousands):

 
 
Three months ended
June 30,
  
Six months ended
June 30,
 
 
 
2014
  
2013
  
2014
  
2013
 
Revenues:
 
  
  
  
 
Marine transportation
 
$
456,745
  
$
423,868
  
$
892,516
  
$
842,386
 
Diesel engine services
  
171,309
   
140,040
   
324,784
   
280,307
 
 
 
$
628,054
  
$
563,908
  
$
1,217,300
  
$
1,122,693
 
Segment profit (loss):
                
Marine transportation
 
$
115,968
  
$
97,563
  
$
213,519
  
$
186,816
 
Diesel engine services
  
14,337
   
14,932
   
27,109
   
28,954
 
Other
  
(8,626
)
  
(10,361
)
  
(17,949
)
  
(21,700
)
 
 
$
121,679
  
$
102,134
  
$
222,679
  
$
194,070
 

 
 
June 30,
2014
  
December 31,
2013
 
Total assets:
 
  
 
Marine transportation
 
$
3,205,275
  
$
3,046,692
 
Diesel engine services
  
604,730
   
576,472
 
Other
  
57,875
   
59,353
 
 
 
$
3,867,880
  
$
3,682,517
 

The following table presents the details of “Other” segment loss for the three months and six months ended June 30, 2014 and 2013 (in thousands):

 
Three months ended
June 30,
 
Six months ended
June 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
General corporate expenses                                                                                          
 
$
(3,807
)
 
$
(3,780
)
 
$
(7,327
)
 
$
(7,174
)
Gain on disposition of assets                                                                                          
  
527
   
537
   
578
   
505
 
Interest expense                                                                                          
  
(5,469
)
  
(7,219
)
  
(11,087
)
  
(15,207
)
Other income (expense)                                                                                          
  
123
   
101
   
(113
)
  
176
 
 
 
$
(8,626
)
 
$
(10,361
)
 
$
(17,949
)
 
$
(21,700
)

The following table presents the details of “Other” total assets as of June 30, 2014 and December 31, 2013 (in thousands):

 
 
June 30,
2014
  
December 31,
2013
 
General corporate assets                                                                                                                                      
 
$
55,537
  
$
57,197
 
Investment in affiliates                                                                                                                                      
  
2,338
   
2,156
 
 
 
$
57,875
  
$
59,353