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OPERATING SEGMENT DATA (Tables) | 12 Months Ended
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Dec. 31, 2016
OPERATING SEGMENT DATA |
Schedule of reportable operating segment information | The following table reflects reportable operating segment information for the years ended December 31:
|  | 2016 |  | 2015(1) |  | 2014(1) |
|  | (in thousands) |
REVENUES |  |  |  |  |  |  |  |  |  |
Asset-Based |  | $ | 1,916,394 |  | $ | 1,916,579 |  | $ | 1,928,531 |
ArcBest(2) |  |  | 640,734 |  |  | 590,436 |  |  | 535,915 |
FleetNet |  |  | 162,629 |  |  | 174,952 |  |  | 158,581 |
Other and eliminations |  |  | (19,538) |  |  | (15,062) |  |  | (10,334) |
Total consolidated revenues |  | $ | 2,700,219 |  | $ | 2,666,905 |  | $ | 2,612,693 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |
Asset-Based |  |  |  |  |  |  |  |  |  |
Salaries, wages, and benefits |  | $ | 1,212,411 |  | $ | 1,172,489 |  | $ | 1,118,830 |
Fuel, supplies, and expenses |  |  | 282,627 |  |  | 307,345 |  |  | 360,760 |
Operating taxes and licenses |  |  | 48,436 |  |  | 48,992 |  |  | 46,955 |
Insurance |  |  | 29,335 |  |  | 28,847 |  |  | 24,938 |
Communications and utilities |  |  | 18,079 |  |  | 16,129 |  |  | 15,398 |
Depreciation and amortization |  |  | 83,570 |  |  | 74,765 |  |  | 68,752 |
Rents and purchased transportation |  |  | 199,156 |  |  | 197,073 |  |  | 229,443 |
Gain on sale of property and equipment |  |  | (2,979) |  |  | (1,735) |  |  | (1,471) |
Pension settlement expense(3) |  |  | 2,274 |  |  | 2,404 |  |  | 5,309 |
Other |  |  | 8,741 |  |  | 7,834 |  |  | 9,524 |
Restructuring costs(4) |  |  | 1,173 |  |  | — |  |  | — |
Total Asset-Based |  |  | 1,882,823 |  |  | 1,854,143 |  |  | 1,878,438 |
ArcBest(2) |  |  |  |  |  |  |  |  |  |
Purchased transportation |  |  | 501,853 |  |  | 460,238 |  |  | 406,989 |
Salaries, wages, and benefits |  |  | 70,857 |  |  | 62,438 |  |  | 55,159 |
Supplies and expenses |  |  | 19,279 |  |  | 15,500 |  |  | 20,195 |
Depreciation and amortization |  |  | 14,151 |  |  | 13,375 |  |  | 13,329 |
Other |  |  | 19,692 |  |  | 18,093 |  |  | 17,589 |
Restructuring costs(4) |  |  | 8,038 |  |  | — |  |  | — |
Total ArcBest |  |  | 633,870 |  |  | 569,644 |  |  | 513,261 |
FleetNet |  |  | 160,204 |  |  | 171,998 |  |  | 155,459 |
Other and eliminations |  |  | (5,648) |  |  | (4,376) |  |  | (3,704) |
Total consolidated operating expenses(3) |  | $ | 2,671,249 |  | $ | 2,591,409 |  | $ | 2,543,454 |
OPERATING INCOME |  |  |  |  |  |  |  |  |  |
Asset-Based |  | $ | 33,571 |  | $ | 62,436 |  | $ | 50,093 |
ArcBest(2) |  |  | 6,864 |  |  | 20,792 |  |  | 22,654 |
FleetNet |  |  | 2,425 |  |  | 2,954 |  |  | 3,122 |
Other and eliminations |  |  | (13,890) |  |  | (10,686) |  |  | (6,630) |
Total consolidated operating income |  | $ | 28,970 |  | $ | 75,496 |  | $ | 69,239 |
OTHER INCOME (COSTS) |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 1,523 |  | $ | 1,284 |  | $ | 851 |
Interest and other related financing costs |  |  | (5,150) |  |  | (4,400) |  |  | (3,190) |
Other, net(5) |  |  | 2,944 |  |  | 354 |  |  | 3,712 |
Total other income (costs) |  |  | (683) |  |  | (2,762) |  |  | 1,373 |
INCOME BEFORE INCOME TAXES |  | $ | 28,287 |  | $ | 72,734 |  | $ | 70,612 |
| (1) |  | Certain restatements have been made to the prior year’s operating segment data to conform to the current year presentation, reflecting the realignment of the Company’s corporate structure as previously discussed in this Note.
| (2) |  | The 2016 periods include the operations of LDS since the September 2, 2016 acquisition date and the operations of Bear, which was acquired in December 2015.
| (3) |  | Pension settlement expense totaled $3.2 million (pre‑tax) on a consolidated basis for each of the years ended December 31, 2016 and 2015, of which $2.3 million and $2.4 million, respectively, was reported by the Asset-Based segment. Pension settlement expense totaled $6.6 million (pre‑tax) for the year ended December 31, 2014, of which $5.3 million was reported by the Asset-Based segment.
| (4) |  | Restructuring costs relate to the realignment of the Company’s corporate structure.
| (5) |  | Includes proceeds and changes in cash surrender value of life insurance policies.
The following table provides asset, capital expenditure, and depreciation and amortization information by reportable operating segment:
|  |  |  | December 31 |  |  |
|  | 2016 |  | 2015(1) |  | 2014(1)
|  | (in thousands)
ASSETS |  |  |  |  |  |  |  |  |
Asset-Based |  | $ | 791,117 |  | $ | 694,059 |  | $ | 621,734
ArcBest |  |  | 330,345 |  |  | 315,859 |  |  | 275,426
FleetNet |  |  | 21,627 |  |  | 21,958 |  |  | 23,532
Other and eliminations(2) |  |  | 166,903 |  |  | 231,033 |  |  | 206,930
|  | $ | 1,309,992 |  | $ | 1,262,909 |  | $ | 1,127,622
|  | For the year ended December 31
|  | 2016 |  | 2015(1) |  | 2014(1)
|  | (in thousands)
CAPITAL EXPENDITURES, GROSS |  |  |  |  |  |  |  |  |
Asset-Based(3) |  | $ | 110,170 |  | $ | 122,542 |  | $ | 78,766
ArcBest |  |  | 6,154 |  |  | 24,219 |  |  | 6,996
FleetNet |  |  | 403 |  |  | 1,007 |  |  | 550
Other and eliminations |  |  | 34,910 |  |  | 11,249 |  |  | 4,496
|  | $ | 151,637 |  | $ | 159,017 |  | $ | 90,808
|  | For the year ended December 31
|  | 2016 |  | 2015(1) |  | 2014(1)
|  | (in thousands)
DEPRECIATION AND AMORTIZATION EXPENSE(2) |  |  |  |  |  |  |  |  |
Asset-Based |  | $ | 83,570 |  | $ | 74,765 |  | $ | 68,752
ArcBest(4) |  |  | 14,151 |  |  | 13,375 |  |  | 13,329
FleetNet(5) |  |  | 1,209 |  |  | 1,119 |  |  | 961
Other and eliminations |  |  | 4,123 |  |  | 3,783 |  |  | 3,180
|  | $ | 103,053 |  | $ | 93,042 |  | $ | 86,222
| (1) |  | Certain restatements have been made to the prior year’s operating segment data to conform to the current year presentation, reflecting the realignment of the Company’s corporate structure as previously discussed in this Note.
| (2) |  | Other and eliminations includes certain assets held by the parent holding company for strategic reasons, including unrestricted and restricted cash, cash equivalents, and short‑term investments, as well as certain assets held for the benefit of multiple segments, including land and structures of the Company’s corporate headquarters and information systems equipment. Depreciation and amortization associated with these assets is allocated to the reporting segments. Depreciation and amortization expense includes amortization of internally developed capitalized software which has not been included in gross capital expenditures presented in the table.
| (3) |  | Includes assets acquired through notes payable and capital leases of $83.4 million in 2016, $80.6 million in 2015, and $55.3 million in 2014.
| (4) |  | Includes amortization of intangibles of $4.0 million, $3.7 million, and $4.2 million in 2016, 2015, and 2014, respectively.
| (5) |  | Includes amortization of intangibles which totaled $0.3 million, $0.3 million, and $0.2 million in 2016, 2015, and 2014, respectively.
The following table presents operating expenses by category on a consolidated basis:
|  | For the year ended December 31 |
|  | 2016 |  | 2015(1) |  | 2014(1) |
|  | (in thousands) |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |
Salaries, wages, and benefits |  | $ | 1,345,672 |  | $ | 1,297,129 |  | $ | 1,231,130 |
Rents, purchased transportation, and other costs of services |  |  | 823,683 |  |  | 790,612 |  |  | 754,495 |
Fuel, supplies, and expenses |  |  | 270,138 |  |  | 292,039 |  |  | 353,489 |
Depreciation and amortization(2) |  |  | 103,053 |  |  | 93,042 |  |  | 86,222 |
Other |  |  | 118,390 |  |  | 118,587 |  |  | 118,118 |
Restructuring |  |  | 10,313 |  |  | — |  |  | — |
|  | $ | 2,671,249 |  | $ | 2,591,409 |  | $ | 2,543,454 |
| (1) |  | Certain restatements have been made to the prior year’s operating expense data to conform to the current year presentation, reflecting the realignment of the Company’s corporate structure as previously discussed in this Note.
| (2) |  | Includes amortization of intangible assets.

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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://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=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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