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Segment Data
12 Months Ended
Dec. 31, 2018
Segment Data [Abstract]  
Segment Data
(16)
Segment Data

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

Marine Transportation — Provide 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.

Distribution and Services — Provides after-market services and parts for engines, transmissions, reduction gears and related equipment used in oilfield service, marine, power generation, mining, on-highway, and other industrial applications. The Company also rents equipment including generators, fork lifts, pumps and compressors for use in a variety of industrial markets, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for the oilfield service and oil and gas operator and producer markets.

The Company’s two reportable business segments are managed separately based on fundamental differences in their operations. The Company’s accounting policies for the business segments are the same as those described in Note 1, Summary of Significant Accounting Policies. 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 revenues, based on market-based pricing, of the distribution and services segment from the marine transportation segment of $29,363,000, $20,717,000 and $24,672,000 in 2018, 2017 and 2016, respectively, as well as the related intersegment profit of $2,936,000, $2,072,000 and $2,467,000 in 2018, 2017 and 2016, respectively, have been eliminated from the tables below.

The following table sets forth by reportable segment the revenues, profit or loss, total assets, depreciation and amortization, and capital expenditures attributable to the principal activities of the Company for the years ended December 31, 2018, 2017 and 2016 (in thousands):

  
2018
  
2017
  
2016
 
Revenues:
         
Marine transportation
 
$
1,483,143
  
$
1,324,106
  
$
1,471,893
 
Distribution and services
  
1,487,554
   
890,312
   
298,780
 
  
$
2,970,697
  
$
2,214,418
  
$
1,770,673
 
Segment profit (loss):
            
Marine transportation
 
$
147,416
  
$
135,547
  
$
259,453
 
Distribution and services
  
129,305
   
86,479
   
3,068
 
Other
  
(162,562
)
  
(149,012
)
  
(34,775
)
  
$
114,159
  
$
73,014
  
$
227,746
 
Total assets:
            
Marine transportation
 
$
4,145,294
  
$
3,485,099
  
$
3,613,951
 
Distribution and services
  
1,653,636
   
1,567,085
   
623,268
 
Other
  
72,664
   
75,243
   
52,676
 
  
$
5,871,594
  
$
5,127,427
  
$
4,289,895
 
Depreciation and amortization:
            
Marine transportation
 
$
182,307
  
$
178,898
  
$
184,291
 
Distribution and services
  
39,349
   
20,387
   
12,833
 
Other
  
3,316
   
3,596
   
3,793
 
  
$
224,972
  
$
202,881
  
$
200,917
 
Capital expenditures:
            
Marine transportation
 
$
284,953
  
$
165,421
  
$
217,423
 
Distribution and services
  
10,742
   
5,086
   
5,915
 
Other
  
6,166
   
6,715
   
7,728
 
  
$
301,861
  
$
177,222
  
$
231,066
 

The following table presents the details of “Other” segment profit (loss) for the years ended December 31, 2018, 2017 and 2016 (in thousands):

  
2018
  
2017
  
2016
 
General corporate expenses
 
$
(35,590
)
 
$
(18,202
)
 
$
(15,024
)
Interest expense
  
(46,856
)
  
(21,472
)
  
(17,690
)
Impairment of long-lived assets
  
(82,705
)
  
(105,712
)
  
 
Impairment of goodwill
  
(2,702
)
  
   
 
Lease cancellation costs
  
(2,403
)
  
   
 
Gain (loss) on disposition of assets
  
1,968
   
(4,487
)
  
(127
)
Other income (expense)
  
5,726
   
861
   
(1,934
)
  
$
(162,562
)
 
$
(149,012
)
 
$
(34,775
)

The following table presents the details of “Other” total assets as of December 31, 2018, 2017 and 2016 (in thousands):

  
2018
  
2017
  
2016
 
General corporate assets
 
$
70,169
  
$
73,353
  
$
50,054
 
Investment in affiliates
  
2,495
   
1,890
   
2,622
 
  
$
72,664
  
$
75,243
  
$
52,676