Segment Information (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Segment revenues:
Warehouse	$	388,024	$	365,593	$	1,141,503	$	993,439
Third-party managed	75,338		62,846		213,213		188,497
Transportation	34,096		35,685		104,874		109,273
Other	—		2,058		4,459		6,512
Total revenues	497,458		466,182		1,464,049		1,297,721

Segment contribution:
Warehouse	127,756		113,408		374,661		318,044
Third-party managed	3,393		2,583		10,461		8,646
Transportation	4,187		4,640		13,764		13,202
Other	(17)		75		173		611
Total segment contribution	135,319		120,706		399,059		340,503

Reconciling items:
Depreciation, depletion and amortization	(53,569)		(45,065)		(157,572)		(115,598)
Selling, general and administrative	(35,969)		(32,476)		(105,202)		(96,262)
Acquisition, litigation and other	(5,282)		(3,780)		(9,771)		(30,237)
Impairment of long-lived assets	(2,615)		—		(6,282)		(13,485)
(Loss) gain from sale of real estate	(427)		—		21,448		(34)
Interest expense	(23,066)		(24,907)		(70,114)		(70,581)
Interest income	179		1,798		1,027		5,206
Bridge loan commitment fees	—		—		—		(2,665)
Loss on debt extinguishment and modifications	—		—		(781)		—
Foreign currency exchange loss	(196)		(43)		(373)		(66)
Other expense, net	(1,083)		(249)		(168)		(1,007)
Loss from investments in partially owned entities	(98)		(165)		(254)		(111)
Gain from sale of partially owned entities	—		4,297		—		4,297
Income before income tax (expense) benefit	$	13,193	$	20,116	$	71,017	$	19,960

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.


	September 30, 2020		December 31, 2019
	(In thousands)
Assets:
Warehouse	$	4,352,787	$	3,684,391
Managed	45,143		47,867
Transportation	43,473		50,666
Other	14		13,467
Total segments assets	4,441,417		3,796,391

Reconciling items:
Corporate assets	155,153		374,292
Investments in partially owned entities	21,536		—
Total reconciling items	176,689		374,292
Total assets	$	4,618,106	$	4,170,683