XML 89 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

REPORTABLE SEGMENTS | 12 Months Ended
--- | ---
Dec. 31, 2013
REPORTABLE SEGMENTS |
REPORTABLE SEGMENTS | 15. REPORTABLE SEGMENTS Reportable segments are components of an enterprise that engage in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. The Company’s chief operating decision maker is its Chief Executive Officer. The Company consists of two segments, ocean transportation and logistics, which are further described in Note 1. Reportable segments are measured based on operating profit, exclusive of interest expense, general corporate expenses, and income taxes. In arrangements where the customer purchases ocean transportation and logistics services, the revenues are allocated to each reportable segment based upon the contractual amounts for each type of service. Reportable segment information for 2013, 2012, and 2011 is summarized below (in millions):
|  | Years Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Revenue: |  |  |  |  |  |  |
Ocean transportation |  | $ | 1,229.4 |  | $ | 1,189.8 |  | $ | 1,076.2 |
Logistics |  | 407.8 |  | 370.2 |  | 386.4 |
Total revenue |  | $ | 1,637.2 |  | $ | 1,560.0 |  | $ | 1,462.6 |
Operating Income: |  |  |  |  |  |  |
Ocean transportation(1) |  | $ | 94.3 |  | $ | 96.6 |  | $ | 73.7 |
Logistics |  | 6.0 |  | 0.1 |  | 4.9 |
Total operating income |  | 100.3 |  | 96.7 |  | 78.6 |
Interest expense, net |  | (14.4 | ) | (11.7 | ) | (7.7 | )
Income from continuing operations before income taxes |  | 85.9 |  | 85.0 |  | 70.9 |
Income taxes |  | (32.2 | ) | (33.0 | ) | (25.1 | )
Income from continuing operations |  | 53.7 |  | 52.0 |  | 45.8 |
Discontinued operations |  | — |  | (6.1 | ) | (11.6 | )
Net income |  | $ | 53.7 |  | $ | 45.9 |  | $ | 34.2 |
(1) The ocean transportation segment includes $(2.0) million, $3.2 million, and $8.6 million of equity in (loss) income from its Terminal Joint Venture investment in SSAT for 2013, 2012, and 2011, respectively.
|  | As of December 31, |
|  | 2013 |  | 2012 |  | 2011 |
As of December 31: |  |  |  |  |  |  |
Identifiable Assets: |  |  |  |  |  |  |
Ocean transportation(2) |  | $ | 1,168.6 |  | $ | 1,097.2 |  | $ | 1,083.9 |
Logistics |  | 79.7 |  | 77.1 |  | 76.4 |
Other(3) |  | — |  | — |  | 1,384.0 |
Total assets |  | $ | 1,248.3 |  | $ | 1,174.3 |  | $ | 2,544.3 |
Capital Expenditures: |  |  |  |  |  |  |
Ocean transportation |  | $ | 33.8 |  | $ | 37.0 |  | $ | 44.2 |
Logistics |  | 1.4 |  | 1.1 |  | 3.0 |
Total capital expenditures |  | $ | 35.2 |  | $ | 38.1 |  | $ | 47.2 |
Depreciation and Amortization from Continuing Operations: |  |  |  |  |  |  |
Ocean transportation |  | $ | 66.4 |  | $ | 69.1 |  | $ | 68.4 |
Logistics |  | 3.3 |  | 3.4 |  | 3.2 |
Total depreciation and amortization |  | $ | 69.7 |  | $ | 72.5 |  | $ | 71.6 |
(2) The ocean transportation segment includes $57.6 million, $59.6 million, and $56.5 million related to its investment in SSAT as of December 31, 2013, 2012, and 2011, respectively. (3) Includes assets related to discontinued operations from A&B and CLX2 of $1.4 billion as of December 31, 2011.

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration