Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Segment Reporting Information

The following table presents segment revenues and contributions with a reconciliation to income before income tax for the three and six months ended June 30, 2020 and 2019 (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Segment revenues:
Warehouse	$	372,411	$	338,231	$	753,479	$	627,846
Third-party managed	72,954		61,515		137,875		125,651
Transportation	34,861		36,492		70,778		73,588
Other	2,296		2,222		4,459		4,454
Total revenues	482,522		438,460		966,591		831,539

Segment contribution:
Warehouse	120,132		113,817		246,905		204,636
Third-party managed	3,299		2,804		7,068		6,063
Transportation	4,772		4,206		9,577		8,562
Other	135		292		190		536
Total segment contribution	128,338		121,119		263,740		219,797

Reconciling items:
Depreciation, depletion and amortization	(52,399)		(40,437)		(104,003)		(70,533)
Selling, general and administrative expense	(32,340)		(32,669)		(69,233)		(63,786)
Acquisition, litigation and other	(2,801)		(17,964)		(4,489)		(26,457)
Impairment of long-lived assets	(3,667)		(930)		(3,667)		(13,485)
Gain (loss) from sale of real estate	19,414		(34)		21,875		(34)
Interest expense	(23,178)		(24,098)		(47,048)		(45,674)
Interest income	261		2,405		848		3,408
Bridge loan commitment fees	—		(2,665)		—		(2,665)
Loss on debt extinguishment and modifications	—		—		(781)		—
Foreign currency exchange gain (loss)	315		(83)		(177)		(23)
Other income (expense), net	44		(591)		915		(758)
(Loss) income from investments in partially owned entities	(129)		(68)		(156)		54

Income (loss) before income tax (expense) benefit	$	33,858	$	3,985	$	57,824	$	(156)

The following table details our assets by reportable segments, with a reconciliation to total assets reported for each of the periods presented in the accompanying Condensed Consolidated Balance Sheets.


	June 30, 2020		December 31, 2019
	(In thousands)
Assets:
Warehouse	$	3,992,807	$	3,684,391
Managed	43,759		47,867
Transportation	43,165		50,666
Other	10,129		13,467
Total segments assets	4,089,860		3,796,391

Reconciling items:
Corporate assets	500,814		374,292
Investments in partially owned entities	22,102		—
Total reconciling items	522,916		374,292
Total assets	$	4,612,776	$	4,170,683