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Segment Data | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment Data [Abstract] |
Segment Data |
(4) | Segment Data
The Company’s operations are aggregated into two reportable business segments as follows: Marine Transportation — Provides marine transportation by United States flagged vessels principally 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, on-highway, and other industrial applications. The Company also rents equipment including generators, industrial compressors, railcar movers, and high capacity lift trucks for use in a variety of industrial markets, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for land-based oilfield service customers. 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 $27,782,000, $27,441,000, and $29,363,000 in 2020, 2019, and 2018, respectively, as well as the related intersegment profit of $2,778,000, $2,744,000, and $2,936,000 in 2020, 2019, and 2018, respectively, have been eliminated from the tables below. The following tables set 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 (in thousands):
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Revenues: |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 1,404,265 |  |  | $ | 1,587,082 |  |  | $ | 1,483,143 |
Distribution and services |  |  | 767,143 |  |  |  | 1,251,317 |  |  |  | 1,487,554 |
|  | $ | 2,171,408 |  |  | $ | 2,838,399 |  |  | $ | 2,970,697 |
Segment profit (loss): |  |  |  |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 163,638 |  |  | $ | 215,842 |  |  | $ | 147,416 |
Distribution and services |  |  | (12,191 | ) |  |  | 67,201 |  |  |  | 129,305 |
Other |  |  | (612,798 | ) |  |  | (93,223 | ) |  |  | (162,562 | )
|  | $ | (461,351 | ) |  | $ | 189,820 |  |  | $ | 114,159 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 186,798 |  |  | $ | 179,742 |  |  | $ | 182,307 |
Distribution and services |  |  | 28,255 |  |  |  | 35,998 |  |  |  | 39,349 |
Other |  |  | 4,868 |  |  |  | 3,892 |  |  |  | 3,316 |
|  | $ | 219,921 |  |  | $ | 219,632 |  |  | $ | 224,972 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 133,990 |  |  | $ | 217,364 |  |  | $ | 284,953 |
Distribution and services |  |  | 4,854 |  |  |  | 18,284 |  |  |  | 10,742 |
Other |  |  | 9,341 |  |  |  | 12,516 |  |  |  | 6,166 |
|  | $ | 148,185 |  |  | $ | 248,164 |  |  | $ | 301,861 |
|  | December 31, |
|  | 2020 |  |  | 2019 |
Total assets: |  |  |  |  |  |
Marine transportation |  | $ | 4,760,449 |  |  | $ | 4,536,368 |
Distribution and services |  |  | 805,831 |  |  |  | 1,422,394 |
Other |  |  | 357,894 |  |  |  | 120,335 |
|  | $ | 5,924,174 |  |  | $ | 6,079,097 |
The following table presents the details of “Other” segment profit (loss) (in thousands):
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
General corporate expenses |  | $ | (11,050 | ) |  | $ | (13,643 | ) |  | $ | (35,590 | )
Gain on disposition of assets |  |  | 118 |  |  |  | 8,152 |  |  |  | 1,968 |
Impairments and other charges |  |  | (561,274 | ) |  |  | (35,525 | ) |  |  | (85,407 | )
Lease cancellation costs |  |  | — |  |  |  | — |  |  |  | (2,403 | )
Interest expense |  |  | (48,739 | ) |  |  | (55,994 | ) |  |  | (46,856 | )
Other income |  |  | 8,147 |  |  |  | 3,787 |  |  |  | 5,726 |
|  | $ | (612,798 | ) |  | $ | (93,223 | ) |  | $ | (162,562 | )
The following table presents the details of “Other” total assets (in thousands):
|  | December 31, |
|  | 2020 |  |  | 2019 |
General corporate assets |  | $ | 355,205 |  |  | $ | 118,310 |
Investment in affiliates |  |  | 2,689 |  |  |  | 2,025 |
|  | $ | 357,894 |  |  | $ | 120,335 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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