REPORTABLE SEGMENTS

6 Months Ended

Jun. 30, 2017

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS

NOTE 16 – REPORTABLE SEGMENTS

The Company evaluates the performance of the segments primarily based on their respective revenues and operating income. Accordingly, interest expense and other non-operating items are not reported in segment results. In addition, the Company has disclosed a corporate segment, which is not an operating segment and includes acquisition transaction expenses, corporate salaries, interest expense and other corporate administrative expenses and intersegment eliminations.

The Company’s operating segments also provide transportation and related services for one another.  Such services are generally billed at cost, and no profit is earned. Such intersegment revenues and expenses are eliminated in the Company’s consolidated results.  Intersegment revenues and expenses for the Flatbed Solutions segment totaled $0.7 million and $0.3 million for the three months ended June 30, 2017 and

NOTE 16 – REPORTABLE SEGMENTS – (Continued)

2016, respectively, and $1.7 million and $0.6 million for the six months ended June 30, 2017 and 2016, respectively. Intersegment revenues and expenses for the Specialized Solutions segment totaled $0.8 million and $1.0 million for the three months ended June 30, 2017 and 2016, respectively and $1.4 million for both the six months ended June 30, 2017 and 2016.

The following tables reflect certain financial data of the Company’s reportable segments for the three and six months ended June 30, 2017 and 2016 (in thousands):

	Flatbed		Specialized
	Solutions		Solutions		Corporate/		Consolidated
	Segment		Segment		Eliminations		Total
Three Months Ended June 30, 2017
Total revenue	$	86,898	$	111,985	$	(1,560)	$	197,323
Operating income		6,322		4,589		(6,447)		4,464
Depreciation		6,823		9,334		39		16,196
Amortization of intangible assets		437		1,005		—		1,442
Income (loss) before income tax		4,623		2,852		(9,398)		(1,923)
Total assets		276,726		382,679		35,590		694,995
Three Months Ended June 30, 2016
Total revenue	$	82,105	$	89,543	$	(1,291)	$	170,357
Operating income		5,357		5,068		(3,139)		7,286
Depreciation		6,927		8,159		40		15,126
Amortization of intangible assets		489		1,029		—		1,518
Income (loss) before income tax		4,201		3,538		(5,754)		1,985
Total assets		296,149		308,540		11,289		615,978
	Flatbed		Specialized
	Solutions		Solutions		Corporate/		Consolidated
	Segment		Segment		Eliminations		Total
Six Months Ended June 30, 2017
Total revenue	$	168,202	$	192,658	$	(3,103)	$	357,757
Operating income		10,201		5,596		(12,181)		3,616
Depreciation		13,905		17,086		78		31,069
Amortization of intangible assets		874		2,010		—		2,884
Income (loss) before income tax		6,728		1,943		(21,109)		(12,438)
Six Months Ended June 30, 2016
Total revenue	$	158,194	$	171,117	$	(2,073)	$	327,238
Operating income		10,247		8,950		(8,942)		10,255
Depreciation		14,058		16,334		78		30,470
Amortization of intangible assets		979		2,068		—		3,047
Income (loss) before income tax		7,809		5,990		(14,103)		(304)