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Segment Data | 12 Months Ended
--- | ---
Dec. 31, 2018
Segment Data [Abstract] |
Segment Data |
(16) | Segment Data
The Company’s operations are aggregated into two reportable business segments as follows: Marine Transportation — Provide 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 services and parts for engines, transmissions, reduction gears and related equipment used in oilfield service, marine, power generation, mining, 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 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’s accounting policies for the business segments are the same as those described in Note 1, Summary of Significant Accounting Policies. 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 $29,363,000, $20,717,000 and $24,672,000 in 2018, 2017 and 2016, respectively, as well as the related intersegment profit of $2,936,000, $2,072,000 and $2,467,000 in 2018, 2017 and 2016, respectively, have been eliminated from the tables below. The following table sets forth by reportable segment the revenues, profit or loss, total assets, depreciation and amortization, and capital expenditures attributable to the principal activities of the Company for the years ended December 31, 2018, 2017 and 2016 (in thousands):
|  | 2018 |  |  | 2017 |  |  | 2016 |
Revenues: |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 1,483,143 |  |  | $ | 1,324,106 |  |  | $ | 1,471,893 |
Distribution and services |  |  | 1,487,554 |  |  |  | 890,312 |  |  |  | 298,780 |
|  | $ | 2,970,697 |  |  | $ | 2,214,418 |  |  | $ | 1,770,673 |
Segment profit (loss): |  |  |  |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 147,416 |  |  | $ | 135,547 |  |  | $ | 259,453 |
Distribution and services |  |  | 129,305 |  |  |  | 86,479 |  |  |  | 3,068 |
Other |  |  | (162,562 | ) |  |  | (149,012 | ) |  |  | (34,775 | )
|  | $ | 114,159 |  |  | $ | 73,014 |  |  | $ | 227,746 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 4,145,294 |  |  | $ | 3,485,099 |  |  | $ | 3,613,951 |
Distribution and services |  |  | 1,653,636 |  |  |  | 1,567,085 |  |  |  | 623,268 |
Other |  |  | 72,664 |  |  |  | 75,243 |  |  |  | 52,676 |
|  | $ | 5,871,594 |  |  | $ | 5,127,427 |  |  | $ | 4,289,895 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 182,307 |  |  | $ | 178,898 |  |  | $ | 184,291 |
Distribution and services |  |  | 39,349 |  |  |  | 20,387 |  |  |  | 12,833 |
Other |  |  | 3,316 |  |  |  | 3,596 |  |  |  | 3,793 |
|  | $ | 224,972 |  |  | $ | 202,881 |  |  | $ | 200,917 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 284,953 |  |  | $ | 165,421 |  |  | $ | 217,423 |
Distribution and services |  |  | 10,742 |  |  |  | 5,086 |  |  |  | 5,915 |
Other |  |  | 6,166 |  |  |  | 6,715 |  |  |  | 7,728 |
|  | $ | 301,861 |  |  | $ | 177,222 |  |  | $ | 231,066 |
The following table presents the details of “Other” segment profit (loss) for the years ended December 31, 2018, 2017 and 2016 (in thousands):
|  | 2018 |  |  | 2017 |  |  | 2016 |
General corporate expenses |  | $ | (35,590 | ) |  | $ | (18,202 | ) |  | $ | (15,024 | )
Interest expense |  |  | (46,856 | ) |  |  | (21,472 | ) |  |  | (17,690 | )
Impairment of long-lived assets |  |  | (82,705 | ) |  |  | (105,712 | ) |  |  | — |
Impairment of goodwill |  |  | (2,702 | ) |  |  | — |  |  |  | — |
Lease cancellation costs |  |  | (2,403 | ) |  |  | — |  |  |  | — |
Gain (loss) on disposition of assets |  |  | 1,968 |  |  |  | (4,487 | ) |  |  | (127 | )
Other income (expense) |  |  | 5,726 |  |  |  | 861 |  |  |  | (1,934 | )
|  | $ | (162,562 | ) |  | $ | (149,012 | ) |  | $ | (34,775 | )
The following table presents the details of “Other” total assets as of December 31, 2018, 2017 and 2016 (in thousands):
|  | 2018 |  |  | 2017 |  |  | 2016 |
General corporate assets |  | $ | 70,169 |  |  | $ | 73,353 |  |  | $ | 50,054 |
Investment in affiliates |  |  | 2,495 |  |  |  | 1,890 |  |  |  | 2,622 |
|  | $ | 72,664 |  |  | $ | 75,243 |  |  | $ | 52,676 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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