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SEGMENT DATA
6 Months Ended
Jun. 30, 2015
SEGMENT DATA [Abstract]  
SEGMENT DATA
(7)SEGMENT DATA

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

Marine Transportation — Provides marine transportation principally by United States flag vessels of liquid cargoes throughout the United States inland waterway system, along all three United States coasts, in Alaska and Hawaii 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.

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, and 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 six months ended June 30, 2015 and 2014 were not significant.
 
The following table sets forth the Company’s revenues and profit or loss by reportable segment for the three months and six months ended June 30, 2015 and 2014 and total assets as of June 30, 2015 and December 31, 2014 (in thousands):

  
Three months ended
June 30,
  
Six months ended
June 30,
 
  
2015
  
2014
  
2015
  
2014
 
Revenues:
        
Marine transportation
 
$
425,053
  
$
456,745
  
$
844,958
  
$
892,516
 
Diesel engine services
  
118,103
   
171,309
   
285,871
   
324,784
 
  
$
543,156
  
$
628,054
  
$
1,130,829
  
$
1,217,300
 
Segment profit (loss):
                
Marine transportation
 
$
97,011
  
$
115,968
  
$
193,280
  
$
213,519
 
Diesel engine services
  
4,931
   
14,337
   
13,774
   
27,109
 
Other
  
(8,870
)
  
(8,626
)
  
(16,080
)
  
(17,949
)
  
$
93,072
  
$
121,679
  
$
190,974
  
$
222,679
 

  
June 30,
2015
  
December 31,
2014
 
Total assets:
    
Marine transportation
 
$
3,425,973
  
$
3,317,696
 
Diesel engine services
  
673,675
   
736,129
 
Other
  
54,855
   
88,084
 
  
$
4,154,503
  
$
4,141,909
 

The following table presents the details of “Other” segment loss for the three months and six months ended June 30, 2015 and 2014 (in thousands):

 
Three months ended
June 30,
 
Six months ended
June 30,
 
 
2015
 
2014
 
2015
 
2014
 
     
General corporate expenses
 
$
(3,899
)
 
$
(3,807
)
 
$
(7,474
)
 
$
(7,327
)
Gain on disposition of assets
  
91
   
527
   
1,646
   
578
 
Interest expense
  
(4,759
)
  
(5,469
)
  
(10,009
)
  
(11,087
)
Other income (expense)
  
(303
)
  
123
   
(243
)
  
(113
)
  
$
(8,870
)
 
$
(8,626
)
 
$
(16,080
)
 
$
(17,949
)

The following table presents the details of “Other” total assets as of June 30, 2015 and December 31, 2014 (in thousands):

  
June 30,
2015
  
December 31,
2014
 
General corporate assets
 
$
52,983
  
$
85,545
 
Investment in affiliates
  
1,872
   
2,539
 
  
$
54,855
  
$
88,084