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OPERATING SEGMENT DATA (Tables) | 9 Months Ended
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Sep. 30, 2019
OPERATING SEGMENT DATA |
Schedule of reportable operating segment information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended |
​ | ​ | September 30 | ​ | September 30 |
​ |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
​ | ​ | (in thousands) |
REVENUES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 565,621 | ​ | $ | 585,290 |  | $ | 1,631,348 |  | $ | 1,626,644 | ​
ArcBest | ​ |  | 199,758 | ​ |  | 205,449 | ​ |  | 554,135 | ​ |  | 587,369 | ​
FleetNet | ​ |  | 53,976 | ​ |  | 50,494 | ​ |  | 158,957 | ​ |  | 145,045 | ​
Other and eliminations | ​ |  | (31,792) | ​ |  | (15,075) | ​ |  | (73,548) | ​ |  | (39,549) | ​
Total consolidated revenues |  | $ | 787,563 |  | $ | 826,158 |  | $ | 2,270,892 |  | $ | 2,319,509 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 296,503 | ​ | $ | 292,082 |  | $ | 873,795 |  | $ | 848,611 | ​
Fuel, supplies, and expenses(1) | ​ |  | 65,738 | ​ |  | 63,936 | ​ |  | 195,502 | ​ |  | 191,163 | ​
Operating taxes and licenses | ​ |  | 12,865 | ​ |  | 12,261 | ​ |  | 37,477 | ​ |  | 35,927 | ​
Insurance | ​ |  | 7,646 | ​ |  | 9,448 | ​ |  | 23,235 | ​ |  | 24,055 | ​
Communications and utilities | ​ |  | 5,064 | ​ |  | 4,308 | ​ |  | 14,181 | ​ |  | 12,964 | ​
Depreciation and amortization | ​ |  | 23,776 | ​ |  | 22,200 | ​ |  | 66,370 | ​ |  | 64,492 | ​
Rents and purchased transportation | ​ |  | 61,102 | ​ |  | 70,946 | ​ |  | 167,234 | ​ |  | 180,332 | ​
Shared services(1) | ​ | ​ | 56,031 | ​ | ​ | 57,472 | ​ | ​ | 161,664 | ​ | ​ | 158,042 | ​
Multiemployer pension fund withdrawal liability charge(2) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 37,922 | ​
Gain on sale of property and equipment | ​ |  | (82) | ​ |  | (123) | ​ |  | (1,703) | ​ |  | (522) | ​
Innovative technology costs(1)(3) | ​ |  | 4,664 | ​ |  | 1,080 | ​ |  | 9,200 | ​ |  | 2,947 | ​
Other(1) | ​ |  | 592 | ​ |  | 1,530 | ​ |  | 2,878 | ​ |  | 3,778 | ​
Total Asset-Based | ​ |  | 533,899 | ​ |  | 535,140 | ​ | ​ | 1,549,833 | ​ | ​ | 1,559,711 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ArcBest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Purchased transportation | ​ |  | 164,521 | ​ |  | 164,322 | ​ |  | 452,178 | ​ |  | 475,614 | ​
Supplies and expenses | ​ |  | 2,780 | ​ |  | 3,522 | ​ |  | 8,412 | ​ |  | 10,290 | ​
Depreciation and amortization | ​ |  | 2,607 | ​ |  | 3,558 | ​ |  | 8,813 | ​ |  | 10,563 | ​
Shared services | ​ | ​ | 25,032 | ​ | ​ | 23,453 | ​ | ​ | 71,204 | ​ | ​ | 68,857 | ​
Other | ​ | ​ | 2,366 | ​ |  | 2,546 | ​ | ​ | 7,224 | ​ | ​ | 6,973 | ​
Restructuring costs(4) | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ | ​ | 152 | ​
Gain on sale of subsidiaries(5) | ​ | ​ | — | ​ | ​ | (1,945) | ​ | ​ | — | ​ | ​ | (1,945) | ​
Total ArcBest | ​ |  | 197,306 | ​ |  | 195,456 | ​ |  | 547,831 | ​ |  | 570,504 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
FleetNet | ​ |  | 52,805 | ​ |  | 49,406 | ​ |  | 155,272 | ​ |  | 141,407 | ​
Other and eliminations | ​ |  | (27,655) | ​ |  | (9,899) |  |  | (57,043) | ​ |  | (24,049) | ​
Total consolidated operating expenses | ​ | $ | 756,355 | ​ | $ | 770,103 | ​ | $ | 2,195,893 | ​ | $ | 2,247,573 | ​
​
(1) | As previously discussed in this Note, the presentation of Asset-Based segment expenses was modified in third quarter 2019 to present innovative technology costs as a separate operating expense line item. Certain reclassifications have been made to the prior period operating segment expenses to conform to the current year presentation.
(2) | The nine months ended September 30, 2018 includes a one-time $37.9 million pre-tax charge ABF Freight recorded in second quarter 2018 for the multiemployer pension plan withdrawal liability resulting from the transition agreement with the New England Pension Fund.
(3) | Represents costs associated with the freight handling pilot test program at ABF Freight previously discussed in this Note.
(4) | Restructuring costs relate to the realignment of the Company’s corporate structure as further described in Note N to the consolidated financial statements in Item 8 of the Company’s 2018 Annual Report on Form 10-K.
(5) | Gain recognized in the 2018 periods relates to the sale of the ArcBest segment’s military moving businesses in December 2017.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended |
​ | ​ | September 30 | ​ | September 30 | ​
​ |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
​ | ​ | (in thousands) |
OPERATING INCOME | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Asset-Based | ​ | $ | 31,722 | ​ | $ | 50,150 | ​ | $ | 81,515 | ​ | $ | 66,933 | ​
ArcBest | ​ |  | 2,452 | ​ |  | 9,993 | ​ |  | 6,304 | ​ |  | 16,865 | ​
FleetNet | ​ |  | 1,171 | ​ |  | 1,088 | ​ |  | 3,685 | ​ |  | 3,638 | ​
Other and eliminations | ​ |  | (4,137) | ​ |  | (5,176) | ​ |  | (16,505) | ​ |  | (15,500) | ​
Total consolidated operating income | ​ | $ | 31,208 | ​ | $ | 56,055 | ​ | $ | 74,999 | ​ | $ | 71,936 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OTHER INCOME (COSTS) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest and dividend income | ​ | $ | 1,768 | ​ | $ | 1,120 | ​ | $ | 4,862 | ​ | $ | 2,360 | ​
Interest and other related financing costs | ​ |  | (2,900) | ​ |  | (2,470) | ​ |  | (8,593) | ​ |  | (6,542) | ​
Other, net(1) | ​ |  | (6,734) | ​ |  | (714) | ​ |  | (7,770) | ​ |  | (4,038) | ​
Total other income (costs) | ​ |  | (7,866) | ​ |  | (2,064) | ​ |  | (11,501) | ​ |  | (8,220) | ​
INCOME BEFORE INCOME TAXES | ​ | $ | 23,342 | ​ | $ | 53,991 | ​ | $ | 63,498 | ​ | $ | 63,716 | ​
​
(1) | Includes the components of net periodic benefit cost other than service cost related to the Company’s nonunion pension, SBP, and postretirement plans (see Note G) and proceeds and changes in cash surrender value of life insurance policies. The three and nine months ended September 30, 2019 include a noncash pension termination expense related to an amount which was stranded in accumulated other comprehensive loss until the pension benefit obligation was settled upon plan termination (see Note G).
​ ​ The following table presents operating expenses by category on a consolidated basis: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended | ​ | Nine Months Ended |
​ | ​ | September 30 | ​ | September 30 | ​
​ |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
​ |  | (in thousands) | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries, wages, and benefits | ​ | $ | 363,902 | ​ | $ | 363,348 | ​ | $ | 1,068,685 | ​ | $ | 1,048,018 | ​
Rents, purchased transportation, and other costs of services | ​ |  | 249,110 | ​ |  | 265,042 | ​ |  | 706,200 | ​ |  | 742,338 | ​
Fuel, supplies, and expenses | ​ |  | 81,023 | ​ |  | 82,188 | ​ |  | 241,059 | ​ |  | 245,718 | ​
Depreciation and amortization(1) | ​ |  | 29,361 | ​ |  | 28,026 | ​ |  | 83,332 | ​ |  | 81,699 | ​
Other | ​ |  | 32,959 | ​ |  | 31,449 | ​ |  | 96,617 | ​ |  | 91,112 | ​
Multiemployer pension fund withdrawal liability charge(2) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 37,922 | ​
Restructuring costs(3) | ​ |  | — | ​ |  | 50 | ​ |  | — | ​ |  | 766 | ​
​ | ​ | $ | 756,355 | ​ | $ | 770,103 | ​ | $ | 2,195,893 | ​ | $ | 2,247,573 | ​
(1) | Includes amortization of intangible assets.
(2) | ABF Freight recorded a one-time charge in second quarter 2018 for the multiemployer pension plan withdrawal liability resulting from the transition agreement with the New England Teamsters and Trucking Industry Pension Fund.
(3) | Restructuring costs relate to the realignment of the Company’s corporate structure as further described in Note N to the consolidated financial statements in Item 8 of the Company’s 2018 Annual Report on Form 10-K.

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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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