Segment Data (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following is a summary of business segment operating performance as measured by contribution margin for the periods indicated (in thousands):



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013 ⁽¹⁾		2014 ⁽²⁾		2013 ⁽¹⁾
Pipelines and Transportation
Net sales	$	23,767	$	15,743	$	65,957	$	43,008
Operating costs and expenses:
Cost of goods sold	1,011		—		3,267		—
Operating expenses	7,676		7,012		22,420		22,490
Segment contribution margin	$	15,080	$	8,731	$	40,270	$	20,518
Capital spending (excluding business combinations)	$	504	$	2,184	$	1,654	$	8,242

Wholesale Marketing and Terminalling
Net sales	$	204,269	$	227,552	$	601,949	$	641,323
Operating costs and expenses:
Cost of goods sold	193,122		218,222		559,649		614,048
Operating expenses	2,537		1,961		6,656		5,492
Segment contribution margin	$	8,610	$	7,369	$	35,644	$	21,783
Capital spending (excluding business combinations)	$	323	$	517	$	1,106	$	1,598

Consolidated
Net sales	$	228,036	$	243,295	$	667,906	$	684,331
Operating costs and expenses:
Cost of goods sold	194,133		218,222		562,916		614,048
Operating expenses	10,213		8,973		29,076		27,982
Contribution margin	23,690		16,100		75,914		42,301
General and administrative expenses	2,453		1,973		7,358		5,696
Depreciation and amortization	3,749		3,141		10,758		9,966
Loss on asset disposals	—		—		74		—
Operating income	$	17,488	$	10,986	$	57,724	$	26,639
Capital spending (excluding business combinations)	$	827	$	2,701	$	2,760	$	9,840

⁽¹⁾Capital spending adjusted to include expenditures incurred in connection with the assets acquired in the El Dorado Acquisition.

⁽²⁾ Capital spending includes expenditures incurred in connection with the assets acquired in the El Dorado Acquisition.

The following table summarizes the total assets for each segment as of September 30, 2014 and December 31, 2013 (in thousands).



	September 30, 2014		December 31, 2013
Pipelines and Transportation	$	221,393	$	188,008
Wholesale Marketing and Terminalling	74,779		113,336
Total Assets	$	296,172	$	301,344

Property, plant and equipment, accumulated depreciation and depreciation expense by reporting segment as of and for the three and nine months ended September 30, 2014 were as follows (in thousands):



	Pipelines and Transportation			Wholesale Marketing and Terminalling			Consolidated
Property, plant and equipment	$	248,430		$	18,991		$	267,421
Less: accumulated depreciation	(41,005		)	(8,313		)	(49,318		)
Property, plant and equipment, net	$	207,425		$	10,678		$	218,103
Depreciation expense for the three months ended September 30, 2014	$	2,718		$	765		$	3,483
Depreciation expense for the nine months ended September 30, 2014	$	7,467		$	2,494		$	9,961

- 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+ Details