Segment Reporting

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Segment Reporting

(8)  Segment Reporting

The Company is engaged in the business of crude oil and natural gas marketing as well as tank truck transportation of liquid chemicals, and oil and gas exploration and production.  Information concerning the Company's various business activities is summarized as follows (in thousands):

			Segment Operating			Depreciation Depletion and		Property and Equipment
	Revenues		Earnings (loss)			Amortization		Additions
Year ended December 31, 2012-
Marketing
- Crude oil	$	3,292,948	$	46,145		$	5,945	$	12,391
- Natural gas		4,879		1,021			31		-
Marketing Total		3,297,827		47,166			5,976		12,391
Transportation		67,183		10,253			5,921		15,538
Oil and gas		15,954		(3,601	)(1)		8,817		23,083
	$	3,380,964	$	53,818		$	20,714	$	51,012
Year ended December 31, 2011-
Marketing
- Crude oil	$	2,961,176	$	49,237		$	3,724	$	13,554
- Natural gas		6,251		2,147			3		64
Marketing Total		2,967,427		51,384			3,727		13,618
Transportation		63,501		8,521			3,912		14,118
Oil and gas		14,060		(13,871	)(1)		8,246		24,580
	$	3,044,988	$	46,034		$	15,885	$	52,316
Year ended December 31, 2010-
Marketing
- Crude oil	$	2,005,301	$	13,530		$	2,320	$	6,051
- Natural gas		10,592		3,073			44		115
Marketing Total		2,015,893		16,603			2,364		6,166
Transportation		56,867		6,623			4,288		4,410
Oil and gas		11,021		(1,757	)		4,662		11,699
	$	2,083,781	$	21,469		$	11,314	$	22,275

(1) Oil and gassegment operating earnings include gains on property sales totaling $2,203,000 and $2,923,000 during 2012 and 2011, respectively.

Segment operating earnings reflect revenues net of operating costs and depreciation, depletion and amortization and are reconciled to earnings from continuing operations before income taxes, as follows (in thousands):

	Years Ended December 31,
	2012			2011			2010
Segment operating earnings	$	53,818		$	46,034		$	21,469
- General and administrative expenses		(9,769	)		(9,713	)		(9,044	)
Operating earnings		44,049			36,321			12,425
- Interest income		190			237			191
- Interest expense		(10	)		(8	)		(36	)
Earnings from continuing operations before
income taxes and discontinued operations	$	44,229		$	36,550		$	12,580

Identifiable assets by industry segment are as follows (in thousands):

	Years Ended December 31,
	2012		2011		2010
Marketing
- Crude oil	$	277,920	$	253,817	$	184,299
- Natural gas		11,764		12,246		19,948
Marketing Total		289,684		266,063		204,247
Transportation		38,940		27,221		17,378
Oil and gas		35,788		29,105		32,563
Other		55,089		56,451		47,117
	$	419,501	$	378,840	$	301,305

Intersegment sales are insignificant and all sales occurred in the United States.  Other identifiable assets are primarily corporate cash, corporate accounts receivable, and properties not identified with any specific segment of the Company's business.  Accounting policies for transactions between reportable segments are consistent with applicable accounting policies as disclosed herein.