XML 21 R12.htm IDEA: XBRL DOCUMENT v3.23.2
Revenues
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenues

(3) Revenues

The following table sets forth the Company’s revenues by major source (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Marine transportation segment:

 

 

 

 

 

 

 

 

 

 

 

 

Inland transportation

 

$

351,807

 

 

$

316,948

 

 

$

689,695

 

 

$

594,858

 

Coastal transportation

 

 

75,155

 

 

 

88,707

 

 

 

149,762

 

 

 

166,333

 

 

$

426,962

 

 

$

405,655

 

 

$

839,457

 

 

$

761,191

 

Distribution and services segment:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

$

180,398

 

 

$

161,621

 

 

$

369,790

 

 

$

309,154

 

Oil and gas

 

 

169,888

 

 

 

130,688

 

 

 

318,445

 

 

 

238,401

 

 

 

$

350,286

 

 

$

292,309

 

 

$

688,235

 

 

$

547,555

 

Contract liabilities represent advance consideration received from customers, and are recognized as revenue over time as the related performance obligation is satisfied. Revenues recognized during the six months ended June 30, 2023 and 2022 that were included in the opening contract liability balances were $60.3 million and $46.7 million, respectively. The Company presents all contract liabilities within the deferred revenues financial statement caption on the balance sheets. The Company did not have any contract assets at June 30, 2023 or December 31, 2022. The Company applies the practical expedient that allows non-disclosure of information about remaining performance obligations that have original expected durations of one year or less.