
	2018		2017		2016
	(in thousands)
REVENUES
Asset-Based	$	2,175,585	$	1,993,314	$	1,916,394
ArcBest(1)		781,123		706,698		640,734
FleetNet		195,126		156,341		162,629
Other and eliminations		(58,046)		(29,896)		(19,538)
Total consolidated revenues	$	3,093,788	$	2,826,457	$	2,700,219
OPERATING EXPENSES(2)
Asset-Based
Salaries, wages, and benefits	$	1,128,030	$	1,125,131	$	1,102,895
Fuel, supplies, and expenses		256,472		234,006		216,263
Operating taxes and licenses		48,792		47,767		48,180
Insurance		32,887		30,761		29,178
Communications and utilities		16,983		17,373		16,181
Depreciation and amortization		85,951		82,507		80,331
Rents and purchased transportation		242,252		206,457		198,594
Shared services		218,290		185,257		184,256
Multiemployer pension fund withdrawal liability charge(3)		37,922		—		—
Gain on sale of property and equipment		(410)		(695)		(2,979)
Other		4,554		6,525		4,889
Restructuring costs(4)		—		344		1,173
Total Asset-Based		2,071,723		1,935,433		1,878,961
ArcBest(1)
Purchased transportation		631,501		563,497		502,159
Supplies and expenses		13,329		15,087		13,145
Depreciation and amortization		13,750		13,090		13,612
Shared services		91,266		83,660		85,068
Other		9,143		11,116		11,678
Restructuring costs(4)		491		875		8,038
Gain on sale of subsidiaries(5)		(1,945)		(152)		—
Total ArcBest		757,535		687,173		633,700

FleetNet		190,741		152,864		160,132
Other and eliminations		(35,309)		(10,361)		(6,639)
Total consolidated operating expenses	$	2,984,690	$	2,765,109	$	2,666,154
OPERATING INCOME(2)
Asset-Based	$	103,862	$	57,881	$	37,433
ArcBest(1)		23,588		19,525		7,034
FleetNet		4,385		3,477		2,497
Other and eliminations		(22,737)		(19,535)		(12,899)
Total consolidated operating income	$	109,098	$	61,348	$	34,065
OTHER INCOME (COSTS)
Interest and dividend income	$	3,914	$	1,293	$	1,523
Interest and other related financing costs		(9,468)		(6,342)		(5,150)
Other, net(2)(6)		(19,158)		(4,723)		(2,151)
Total other income (costs)		(24,712)		(9,772)		(5,778)
INCOME BEFORE INCOME TAXES	$	84,386	$	51,576	$	28,287

⁽¹⁾

Includes the operations of LDS since the September 2, 2016 acquisition date for all years presented.

⁽²⁾

The Company retrospectively adopted an amendment to ASC Topic 715, effective January 1, 2018, which requires the components of net periodic benefit cost other than service cost to be presented within other income (costs) in the consolidated financial statements and, therefore, these costs are no longer classified within operating expenses within this table (see Note B). Certain reclassifications have been made to the prior year’s operating segment data to conform to the current year presentation of components of net periodic benefit cost in other income (costs). Net periodic benefit costs are presented in Note I.

⁽³⁾

ABF Freight recorded a one-time charge in 2018 for the multiemployer pension fund withdrawal liability resulting from the transition agreement it entered into with the New England Teamsters and Trucking Industry Pension Fund (see Note I).

⁽⁴⁾

Restructuring costs relate to the realignment of the Company’s corporate structure (see Note N).

⁽⁵⁾

Gains recognized in 2018 and 2017 relate to the sale of the ArcBest segment’s military moving businesses in December 2017 and 2016, respectively (see Note A).

⁽⁶⁾

Includes proceeds and changes in cash surrender value of life insurance policies.

The following table provides capital expenditure and depreciation and amortization information by reportable operating segment:


	For the year ended December 31
	2018		2017		2016
	(in thousands)
CAPITAL EXPENDITURES, GROSS
Asset-Based(1)	$	116,505	$	112,751	$	110,170
ArcBest		5,174		9,823		6,154
FleetNet		1,365		1,089		403
Other and eliminations(2)(3)		14,631		26,288		34,910
	$	137,675	$	149,951	$	151,637


	For the year ended December 31
	2018		2017		2016
	(in thousands)
DEPRECIATION AND AMORTIZATION EXPENSE(2)
Asset-Based	$	85,951	$	82,507	$	80,331
ArcBest(4)		13,750		13,090		13,612
FleetNet(5)		1,140		1,089		1,210
Other and eliminations(2)		7,794		6,382		7,900
	$	108,635	$	103,068	$	103,053

⁽¹⁾

Includes assets acquired through notes payable and capital leases of $86.8 million in 2018, $84.2 million in 2017, and $83.4 million in 2016.

⁽²⁾

Other and eliminations includes certain assets held for the benefit of multiple segments, including 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 of $6.9 million in 2018.

⁽⁴⁾

Includes amortization of intangibles of $4.3 million in 2018 and 2017, and $4.0 million in 2016.

⁽⁵⁾

Includes amortization of intangibles which totaled $0.2 million in 2018, 2017, and 2016.

A table of assets by reportable operating segment has not been presented as segment assets are not included in reports regularly provided to management nor does management consider segment assets for assessing segment operating performance or allocating resources.

The following table presents operating expenses by category on a consolidated basis:


	For the year ended December 31
	2018		2017		2016
	(in thousands)
OPERATING EXPENSES
Salaries, wages, and benefits	$	1,398,348	$	1,361,224	$	1,340,577
Rents, purchased transportation, and other costs of services		989,006		869,584		823,683
Fuel, supplies, and expenses		325,126		304,126		270,138
Depreciation and amortization(1)		108,635		103,068		103,053
Other		123,998		124,144		118,390
Multiemployer pension fund withdrawal liability charge(2)		37,922		—		—
Restructuring costs(3)		1,655		2,963		10,313
	$	2,984,690	$	2,765,109	$	2,666,154

⁽¹⁾

Includes amortization of intangible assets.

⁽²⁾

⁽³⁾

Restructuring costs relate to the realignment of the Company’s corporate structure previously discussed in this Note.