Segment Data

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Data

(4) Segment Data

The Company’s operations are aggregated into two reportable business segments as follows:

Marine Transportation Segment ("KMT") — Provides marine transportation by United States flagged vessels principally of liquid cargoes throughout the United States inland waterway system, along all three United States coasts, and, to a lesser extent, in United States coastal transportation of dry-bulk cargoes. The principal products transported include petrochemicals, black oil, refined petroleum products, and agricultural chemicals.

Distribution and Services Segment ("KDS") — Provides after-market services and genuine replacement parts for engines, transmissions, reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications. The Company also rents equipment including generators, industrial compressors, high capacity lift trucks, and refrigeration trailers for use in a variety of industrial markets, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, electric power generation equipment, specialized electrical distribution and control equipment, and high capacity energy storage/battery systems for oilfield service and railroad customers.

The Company’s two reportable business segments are managed separately based on fundamental differences in their operations. The Company evaluates the performance of its segments based on the contributions to operating income of the respective segments, before income taxes, interest, gains or losses on disposition of assets, other nonoperating income, noncontrolling interests, accounting changes, and nonrecurring items. Intersegment revenues, based on market-based pricing, of KDS from KMT of $7.6 million and $4.9 million for the three months ended March 31, 2022 and 2021, respectively, as well as the related intersegment profit of $0.8 million and $0.5 million for the three months ended March 31, 2022 and 2021, respectively, have been eliminated from the tables below.

The following tables set forth the Company’s revenues and profit or loss by reportable segment and total assets (in thousands):

	Three Months Ended March 31,
	2022			2021
Revenues:
Marine transportation	$	355,536		$	300,951
Distribution and services		255,246			195,899
	$	610,782		$	496,850
Segment profit:
Marine transportation	$	16,935		$	1,940
Distribution and services		10,971			2,911
Other		(4,107	)		(8,862	)
	$	23,799		$	(4,011	)

	March 31, 2022		December 31, 2021
Total assets:
Marine transportation	$	4,280,135	$	4,319,080
Distribution and services		922,905		892,603
Other		179,752		187,380
	$	5,382,792	$	5,399,063

The following table presents the details of “Other” segment loss (in thousands):

	Three Months Ended March 31,
	2022			2021
General corporate expenses	$	(3,061	)	$	(3,820	)
Gain on disposition of assets		4,849			2,133
Interest expense		(10,203	)		(10,966	)
Other income		4,308			3,791
	$	(4,107	)	$	(8,862	)

The following table presents the details of “Other” total assets (in thousands):

	March 31, 2022		December 31, 2021
General corporate assets	$	178,199	$	185,246
Investment in affiliates		1,553		2,134
	$	179,752	$	187,380