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OPERATING SEGMENT DATA (Tables) | 6 Months Ended
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Jun. 30, 2017
OPERATING SEGMENT DATA |
Schedule of reportable operating segment information |
|  | Three Months Ended |  | Six Months Ended |
|  | June 30 |  | June 30 |
|  | 2017 |  | 2016(1) |  | 2017 |  | 2016(1) |
|  | (in thousands) |
REVENUES |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-Based |  | $ | 514,537 |  | $ | 486,251 |  | $ | 978,893 |  | $ | 925,314 |
ArcBest(2) |  |  | 175,929 |  |  | 154,347 |  |  | 328,805 |  |  | 296,744 |
FleetNet |  |  | 36,501 |  |  | 41,780 |  |  | 76,739 |  |  | 85,344 |
Other and eliminations |  |  | (6,599) |  |  | (5,751) |  |  | (12,981) |  |  | (9,320) |
Total consolidated revenues |  | $ | 720,368 |  | $ | 676,627 |  | $ | 1,371,456 |  | $ | 1,298,082 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-Based |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries, wages, and benefits |  | $ | 314,252 |  | $ | 303,214 |  | $ | 619,095 |  | $ | 599,376 |
Fuel, supplies, and expenses |  |  | 75,878 |  |  | 72,279 |  |  | 151,310 |  |  | 138,968 |
Operating taxes and licenses |  |  | 12,252 |  |  | 12,154 |  |  | 24,121 |  |  | 24,134 |
Insurance |  |  | 7,540 |  |  | 7,660 |  |  | 14,649 |  |  | 14,126 |
Communications and utilities |  |  | 4,535 |  |  | 4,279 |  |  | 9,357 |  |  | 8,651 |
Depreciation and amortization |  |  | 21,324 |  |  | 20,911 |  |  | 42,307 |  |  | 41,303 |
Rents and purchased transportation |  |  | 53,346 |  |  | 47,800 |  |  | 99,954 |  |  | 87,496 |
(Gain) loss on sale of property and equipment |  |  | 25 |  |  | (2,197) |  |  | (592) |  |  | (2,369) |
Pension settlement expense(3) |  |  | 533 |  |  | 424 |  |  | 1,934 |  |  | 1,101 |
Other |  |  | 2,658 |  |  | 2,355 |  |  | 4,449 |  |  | 4,155 |
Restructuring costs(4) |  |  | 33 |  |  | — |  |  | 173 |  |  | — |
Total Asset-Based |  |  | 492,376 |  |  | 468,879 |  |  | 966,757 |  |  | 916,941 |
ArcBest(2) |  |  |  |  |  |  |  |  |  |  |  |  |
Purchased transportation |  |  | 139,354 |  |  | 121,502 |  |  | 261,273 |  |  | 233,333 |
Salaries, wages, and benefits |  |  | 16,762 |  |  | 17,668 |  |  | 33,298 |  |  | 36,249 |
Supplies and expenses |  |  | 6,769 |  |  | 4,641 |  |  | 12,055 |  |  | 9,059 |
Depreciation and amortization |  |  | 3,337 |  |  | 3,475 |  |  | 6,703 |  |  | 6,940 |
Other |  |  | 3,828 |  |  | 4,888 |  |  | 7,886 |  |  | 8,982 |
Restructuring costs(4) |  |  | 65 |  |  | — |  |  | 875 |  |  | — |
Total ArcBest |  |  | 170,115 |  |  | 152,174 |  |  | 322,090 |  |  | 294,563 |
FleetNet |  |  | 35,771 |  |  | 41,184 |  |  | 75,035 |  |  | 83,764 |
Other and eliminations(4) |  |  | (2,628) |  |  | (2,264) |  |  | (4,907) |  |  | (4,575) |
Total consolidated operating expenses(3) |  | $ | 695,634 |  | $ | 659,973 |  | $ | 1,358,975 |  | $ | 1,290,693 |
| (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 2017 period includes the operations of LDS, which was acquired in September 2016.
| (3) |  | For the three months ended June 30, 2017 and 2016, pre-tax pension settlement expense on a consolidated basis totaled $0.7 million and $0.6 million, respectively, of which $0.5 million and $0.4 million, respectively, was reported by the Asset-Based segment. For the six months ended June 30, 2017 and 2016, pre-tax pension settlement expense totaled $2.7 million and $1.5 million, respectively, of which $1.9 million and $1.1 million, respectively, was reported by the Asset-Based segment.
| (4) |  | Restructuring costs relate to the realignment of the Company’s corporate structure (see Note K). Other and eliminations includes $0.3 million and $0.9 million of restructuring costs for the three and six months ended June 30, 2017, respectively.
|  | Three Months Ended |  | Six Months Ended |
|  | June 30 |  | June 30 |
|  | 2017 |  | 2016(1) |  | 2017 |  | 2016(1) |
|  | (in thousands) |
OPERATING INCOME |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-Based |  | $ | 22,161 |  | $ | 17,372 |  | $ | 12,136 |  | $ | 8,373 |
ArcBest(2) |  |  | 5,814 |  |  | 2,173 |  |  | 6,715 |  |  | 2,181 |
FleetNet |  |  | 730 |  |  | 596 |  |  | 1,704 |  |  | 1,580 |
Other and eliminations |  |  | (3,971) |  |  | (3,487) |  |  | (8,074) |  |  | (4,745) |
Total consolidated operating income |  | $ | 24,734 |  | $ | 16,654 |  | $ | 12,481 |  | $ | 7,389 |
OTHER INCOME (COSTS) |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 285 |  | $ | 387 |  | $ | 559 |  | $ | 788 |
Interest and other related financing costs |  |  | (1,389) |  |  | (1,231) |  |  | (2,704) |  |  | (2,478) |
Other, net(3) |  |  | 505 |  |  | 571 |  |  | 1,152 |  |  | 937 |
Total other costs |  |  | (599) |  |  | (273) |  |  | (993) |  |  | (753) |
INCOME BEFORE INCOME TAXES |  | $ | 24,135 |  | $ | 16,381 |  | $ | 11,488 |  | $ | 6,636 |
| (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 2017 periods include the operations of LDS, which was acquired in September 2016.
| (3) |  | Includes proceeds and changes in cash surrender value of life insurance policies.
The following table presents operating expenses by category on a consolidated basis:
|  | Three Months Ended |  | Six Months Ended |
|  | June 30 |  | June 30 |
|  | 2017 |  | 2016(1) |  | 2017 |  | 2016(1) |
|  | (in thousands) |  |  |  |  |  |  |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries, wages, and benefits |  | $ | 350,187 |  | $ | 336,670 |  | $ | 685,016 |  | $ | 667,807 |
Rents, purchased transportation, and other costs of services |  |  | 216,237 |  |  | 200,948 |  |  | 416,108 |  |  | 385,647 |
Fuel, supplies, and expenses |  |  | 68,451 |  |  | 69,361 |  |  | 141,113 |  |  | 132,496 |
Depreciation and amortization(2) |  |  | 25,209 |  |  | 25,748 |  |  | 50,603 |  |  | 50,899 |
Other |  |  | 35,187 |  |  | 27,246 |  |  | 64,141 |  |  | 53,844 |
Restructuring(3) |  |  | 363 |  |  | — |  |  | 1,994 |  |  | — |
|  | $ | 695,634 |  | $ | 659,973 |  | $ | 1,358,975 |  | $ | 1,290,693 |
| (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.
| (3) |  | Restructuring costs relate to the realignment of the Company’s corporate structure.

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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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