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SEGMENT DATA
9 Months Ended
Sep. 30, 2013
SEGMENT DATA [Abstract]  
SEGMENT DATA
(9)SEGMENT DATA

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

Marine Transportation — Marine transportation principally by United States flag vessels of liquid cargoes throughout the United States inland waterway system, coastwise along all three United States coasts and in Alaska and Hawaii and, to a lesser extent, United States coastal transportation of dry-bulk cargoes. The principal products transported include petrochemicals, black oil, refined petroleum products and agricultural chemicals.

Diesel Engine Services — Provides after-market services for medium-speed and high-speed diesel engines, reduction gears and ancillary products for marine and power generation applications, distributes and services high-speed diesel engines, transmissions, pumps and compression products, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for the land-based pressure pumping and oilfield service markets.

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 sales for the three months and nine months ended September 30, 2013 and 2012 were not significant.

The following table sets forth the Company’s revenues and profit or loss by reportable segment for the three months and nine months ended September 30, 2013 and 2012 and total assets as of September 30, 2013 and December 31, 2012 (in thousands):

 
 
Three months ended
September 30,
  
Nine months ended
September 30,
 
 
 
2013
  
2012
  
2013
  
2012
 
Revenues:
 
  
  
  
 
Marine transportation
 
$
436,181
  
$
349,771
  
$
1,278,567
  
$
1,027,923
 
Diesel engine services
  
114,924
   
171,553
   
395,231
   
572,184
 
 
 
$
551,105
  
$
521,324
  
$
1,673,798
  
$
1,600,107
 
Segment profit (loss):
                
Marine transportation
 
$
113,647
  
$
81,695
  
$
300,463
  
$
221,915
 
Diesel engine services
  
9,077
   
14,603
   
38,031
   
53,275
 
Other
  
(11,021
)
  
(9,773
)
  
(32,721
)
  
(27,469
)
 
 
$
111,703
  
$
86,525
  
$
305,773
  
$
247,721
 

 
 
September 30,
2013
  
December 31,
2012
 
Total assets:
 
  
 
Marine transportation
 
$
3,028,919
  
$
2,951,723
 
Diesel engine services
  
582,843
   
647,986
 
Other
  
49,550
   
53,419
 
 
 
$
3,661,312
  
$
3,653,128
 

The following table presents the details of “Other” segment loss for the three months and nine months ended September 30, 2013 and 2012 (in thousands):

 
Three months ended
September 30,
 
Nine months ended
September 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
General corporate expenses
$
(4,610
)
$
(3,621
)
$
(11,784
)
$
(9,796
)
Gain (loss) on disposition of assets
 
223
  
(40
)
 
728
  
1
 
Interest expense
 
(6,694
)
 
(6,056
)
 
(21,901
)
 
(17,797
)
Other income (expense)
 
60
  
(56
)
 
236
  
123
 
 
$
(11,021
)
$
(9,773
)
$
(32,721
)
$
(27,469
)

The following table presents the details of “Other” total assets as of September 30, 2013 and December 31, 2012 (in thousands):

 
 
September 30,
2013
  
December 31,
2012
 
General corporate assets
 
$
47,463
  
$
51,611
 
Investment in affiliates
  
2,087
   
1,808
 
 
 
$
49,550
  
$
53,419