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SEGMENT DATA
9 Months Ended
Sep. 30, 2017
SEGMENT DATA [Abstract]  
SEGMENT DATA
(8)
SEGMENT DATA

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

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

Distribution and Services — Provides after-market service and parts for engines, transmissions, reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications.  The Company also rents equipment including generators, fork lifts, pumps, and compressors for use in a variety of industrial markets, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for the land-based oilfield service and oil and gas operator and producer 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 revenues, based on market-based pricing, of the distribution and services segment from the marine transportation segment of $4,967,000 and $15,342,000 for the three months and nine months ending September 30, 2017, respectively, and $7,171,000 and $17,722,000 for the three months and nine months ending September 30, 2016, respectively, have been eliminated from the tables below. The related intersegment profit of $497,000 and $1,534,000 for the three months and nine months ending September 30, 2017, respectively, and $717,000 and $1,772,000 for the three months and nine months ending September 30, 2016, respectively, have also been eliminated from the tables below.

The following table sets forth the Company’s revenues and profit or loss by reportable segment for the three months and nine months ended September 30, 2017 and 2016 and total assets as of September 30, 2017 and December 31, 2016 (in thousands):

  
Three months ended
September 30,
  
Nine months ended
September 30,
 
  
2017
  
2016
  
2017
  
2016
 
Revenues:
            
Marine transportation
 
$
318,810
  
$
359,031
  
$
993,727
  
$
1,115,677
 
Distribution and services
  
222,464
   
75,677
   
512,580
   
219,346
 
  
$
541,274
  
$
434,708
  
$
1,506,307
  
$
1,335,023
 
Segment profit (loss):
                
Marine transportation
 
$
36,042
  
$
55,460
  
$
107,062
  
$
197,981
 
Distribution and services
  
21,974
   
4,634
   
52,063
   
1,860
 
Other
  
(10,155
)
  
(8,535
)
  
(27,251
)
  
(24,465
)
  
$
47,861
  
$
51,559
  
$
131,874
  
$
175,376
 

  
September 30,
2017
  
December 31,
2016
 
Total assets:
      
Marine transportation
 
$
3,589,535
  
$
3,613,951
 
Distribution and services
  
1,559,937
   
623,268
 
Other
  
50,943
   
52,676
 
  
$
5,200,415
  
$
4,289,895
 
 
The following table presents the details of “Other” segment loss for the three months and nine months ended September 30, 2017 and 2016 (in thousands):

  
Three months ended
September 30,
  
Nine months ended
September 30,
 
  
2017
  
2016
  
2017
  
2016
 
General corporate expenses
 
$
(4,495
)
 
$
(3,786
)
 
$
(12,512
)
 
$
(11,485
)
Gain (loss) on disposition of assets
  
(159
)
  
(122
)
  
(199
)
  
39
 
Interest expense
  
(5,388
)
  
(4,507
)
  
(14,310
)
  
(13,213
)
Other income (expense)
  
(113
)
  
(120
)
  
(230
)
  
194
 
  
$
(10,155
)
 
$
(8,535
)
 
$
(27,251
)
 
$
(24,465
)

The following table presents the details of “Other” total assets as of September 30, 2017 and December 31, 2016 (in thousands):

  
September 30,
2017
  
December 31,
2016
 
General corporate assets
 
$
49,092
  
$
50,054
 
Investment in affiliates
  
1,851
   
2,622
 
  
$
50,943
  
$
52,676