v3.5.0.2
Note 11 - Segment Information and Significant Customers
 12 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
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SEGMENT INFORMATION AND SIGNIFICANT CUSTOMERS
 
We have three reportable segments comprised of an asset-based segment, an asset-light based segment, and an equipment leasing and services segment. Our asset-based segment includes our asset-based dry van carrier and rail services, which are geographically diversified but have similar economic and other relevant characteristics, as they all provide truckload carrier services of general commodities to a similar class of customers. Our asset-light based segment consists of our warehousing, brokerage, and less-than-truckload ("LTL") operations. Our third segment is being presented separately for the first time in the June 30, 2016 fiscal year due to increased focus by management on this segment as a major focal point of our business. Our equipment leasing and services segment consists primarily of leasing activities with independent contractors and other trucking fleets. This segment also includes revenues from insurance, maintenance, and other ancillary services that we provide for, or make available to, independent contractors. In previous fiscal years our equipment leasing and services segment was included within our asset-based segment. Results of the equipment leasing and services segment prior to the current fiscal year are impracticable to determine due to the way we had costs integrated with our asset-based segment. We have determined that these segments qualify as reportable segments under ASC 280-10,
Segment Reporting
. Information regarding our reportable segments is summarized below (in thousands):
 
 
 
Fiscal Year Ended
June 30,
(Dollars in thousands)
 
 
 
2016
 
 
2015
 
 
2014
 
                         
Total revenues
                        
Asset-based
   $ 910,569     $ 810,208     $ 706,726  
Asset-light
    126,900       90,548       52,585  
Equipment leasing and services
     27,887       ---       ---  
      1,065,356       900,756       759,311  
Operating income
                        
Asset-based
     31,235       54,824       34,179  
Asset-light
    12,782       10,961       5,255  
Equipment leasing and services
     8,189       ---       ---  
      52,206       65,785       39,434  
Depreciation and amortization
                        
Asset-based
     73,797       75,317       64,579  
Asset-light
    ---       ---       ---  
Equipment leasing and services
     5,758       ---       ---  
      79,555       75,317       64,579  
Gain on disposition of equipment
                        
Asset-based
     ---       (23,619 )     (6,736 )
Equipment leasing and services
     (22,395 )     ---       ---  
      (22,395 )     (23,619 )     (6,736 )
Income before taxes
                        
Asset-based
     18,402       51,474       29,121  
Asset-light
    12,525       6,388       21,250  
Equipment leasing and services
     7,481       ---       ---  
      38,408       57,862       50,371  
Goodwill
                        
Asset-based
     61,083       53,989       21,442  
Asset-light
    1,368       1,368       1,368  
Equipment leasing and services
     ---       ---       ---  
      62,451       55,357       22,810  
Total assets
                        
Asset-based
     935,234       1,160,550       684,548  
Asset-light
    10,977       8,056       6,267  
Equipment leasing and services
     157,079       ---       ---  
      1,103,290       1,168,606       690,815  
 
The Company allocates total revenue based on the country of origin of the tractor hauling the freight. Information as to the Company's operations by geographic area for fiscal years 2016, 2015, and 2014 is summarized below (in thousands):
 
 
 
2016
 
 
2015
 
 
2014
 
Total revenue:
                        
United States
   $ 941,115     $ 753,208     $ 609,512  
Canada
     82,918       102,106       115,678  
Mexico
     41,323       45,442       34,121  
Total
   $ 1,065,356     $ 900,756     $ 759,311  
                         
Long-lived assets:
                        
United States
   $ 757,198     $ 756,393     $ 439,043  
Canada
     58,414       76,025       65,719  
Mexico
     32,070       25,100       18,868  
Total
   $ 847,682     $ 857,518     $ 523,630  
 
No customer accounted for more than 10% of the Company's total revenue during its three most recent fiscal years.