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REPORTABLE SEGMENTS (Tables) | 9 Months Ended
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Sep. 30, 2019
REPORTABLE SEGMENTS |
Schedule of reportable segment information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ | ​ | September 30, | ​ | September 30, | ​
(In millions) |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
Operating Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation (1) | ​ | $ | 437.2 | ​ | $ | 437.3 | ​ | $ | 1,250.5 | ​ | $ | 1,223.2 | ​
Logistics (2) | ​ |  | 134.9 | ​ |  | 152.1 | ​ |  | 411.9 | ​ |  | 434.7 | ​
Total Operating Revenue | ​ | $ | 572.1 | ​ | $ | 589.4 | ​ | $ | 1,662.4 | ​ | $ | 1,657.9 | ​
Operating Income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation (3) | ​ | $ | 43.9 | ​ | $ | 48.7 | ​ | $ | 73.0 | ​ | $ | 109.7 | ​
Logistics | ​ |  | 11.3 | ​ |  | 9.9 | ​ |  | 30.7 | ​ |  | 23.6 | ​
Total Operating Income | ​ |  | 55.2 | ​ |  | 58.6 | ​ |  | 103.7 | ​ |  | 133.3 | ​
Interest expense, net | ​ |  | (6.2) | ​ |  | (4.4) | ​ |  | (16.9) | ​ |  | (14.4) | ​
Other income (expense), net | ​ |  | (0.5) | ​ |  | 0.7 | ​ |  | 0.9 | ​ |  | 1.9 | ​
Income before Income Taxes | ​ |  | 48.5 | ​ |  | 54.9 | ​ |  | 87.7 | ​ |  | 120.8 | ​
Income taxes | ​ |  | (12.3) | ​ |  | (13.3) | ​ |  | (20.6) | ​ |  | (32.4) | ​
Net Income | ​ | $ | 36.2 | ​ | $ | 41.6 | ​ | $ | 67.1 | ​ | $ | 88.4 | ​
(1) | Ocean Transportation operating revenue excludes inter-segment revenue of $14.0 million and $15.2 million for the three months ended September 30, 2019 and 2018, and $39.2 million and $39.9 million for the nine months ended September 30, 2019 and 2018, respectively.
(2) | Logistics operating revenue excludes inter-segment revenue of $14.2 million and $12.4 million for the three months ended September 30, 2019 and 2018, and $36.1 million and $32.8 million for the nine months ended September 30, 2019 and 2018, respectively.
(3) | Ocean Transportation segment information includes $8.4 million and $9.2 million of equity in income from the Company’s investment in SSAT for the three months ended September 30, 2019 and 2018, and $17.8 million and $28.8 million for the nine months ended September 30, 2019 and 2018, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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