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 $0.8 million for the three months ended September 30, 2017 and 2016, respectively, and $2.4 million and $1.5 million for the nine months ended September 30, 2017 and 2016, respectively.

Intersegment revenues and expenses for the Specialized Solutions segment totaled $1.2 million and $0.5 million for the three months ended September 30, 2017 and 2016, respectively and $2.6 million and $2.0 million for the nine months ended September 30, 2017 and 2016.

NOTE 16 – REPORTABLE SEGMENTS– (Continued)

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


	Flatbed		Specialized
	Solutions		Solutions		Corporate/		Consolidated
	Segment		Segment		Eliminations		Total
Three Months Ended September 30, 2017
Total revenue	$	85,592	$	147,631	$	(1,901)	$	231,322
Operating income		4,755		7,159		(6,210)		5,704
Depreciation		6,713		11,290		37		18,040
Amortization of intangible assets		437		1,328		—		1,765
Income (loss) before income tax		2,997		5,060		(10,869)		(2,812)
Total assets		272,686		472,761		111,974		857,421

Three Months Ended September 30, 2016
Total revenue	$	78,975	$	96,534	$	(1,361)	$	174,148
Operating income		3,794		5,739		(3,451)		6,082
Depreciation		7,161		8,303		40		15,504
Amortization of intangible assets		489		1,005		—		1,494
Income (loss) before income tax		1,708		3,917		(6,199)		(574)
Total assets		295,286		304,623		8,946		608,855


	Flatbed		Specialized
	Solutions		Solutions		Corporate/		Consolidated
	Segment		Segment		Eliminations		Total
Nine Months Ended September 30, 2017
Total revenue	$	253,794	$	340,289	$	(5,004)	$	589,079
Operating income		14,955		12,756		(18,391)		9,320
Depreciation		20,619		28,375		115		49,109
Amortization of intangible assets		1,310		3,339		—		4,649
Income (loss) before income tax		9,725		7,004		(31,979)		(15,250)

Nine Months Ended September 30, 2016
Total revenue	$	237,169	$	267,651	$	(3,434)	$	501,386
Operating income		14,041		14,689		(12,394)		16,336
Depreciation		21,219		24,637		117		45,973
Amortization of intangible assets		1,468		3,074		—		4,542
Income (loss) before income tax		9,517		9,907		(20,303)		(879)