SEGMENT DATA

9 Months Ended

Sep. 30, 2019

(10) SEGMENT DATA

The Company’s operations are aggregated 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.

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 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 $7,201,000 and $22,182,000 for the three months and nine months ended September 30, 2019, respectively, and $5,837,000 and $21,757,000 for the three months and nine months ended September 30, 2018, respectively, have been eliminated from the tables below. The related intersegment profit of $720,000 and $2,218,000 for the three months and nine months ending September 30, 2019, respectively, and $584,000 and $2,176,000 for the three months and nine months ended September 30, 2018, respectively, have also been eliminated from the tables below.

	Three months ended September 30,						Nine months ended September 30
	2019			2018			2019			2018
Revenues:
Marine transportation	$	412,665		$	382,040		$	1,185,072		$	1,100,606
Distribution and services		254,144			322,805			997,400			1,148,598
	$	666,809		$	704,845		$	2,182,472		$	2,249,204
Segment profit (loss):
Marine transportation	$	72,697		$	48,517		$	161,364		$	102,925
Distribution and services		9,132			23,914			69,869			101,069
Other		(17,374	)		(15,365	)		(45,732	)		(59,543	)
	$	64,455		$	57,066		$	185,501		$	144,451

	September 30, 2019		December 31, 2018
Total assets:
Marine transportation	$	4,538,771	$	4,145,294
Distribution and services		1,489,030		1,653,636
Other		100,084		72,664
	$	6,127,885	$	5,871,594

The following table presents the details of “Other” segment loss for the three months and nine months ended September 30, 2019 and 2018 (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2019			2018			2019			2018
General corporate expenses	$	(3,554	)	$	(4,492	)	$	(10,284	)	$	(31,822	)
Gain (loss) on disposition of assets		(374	)		18			4,901			2,358
Interest expense		(14,310	)		(12,345	)		(43,026	)		(34,665	)
Other income		864			1,454			2,677			4,586
	$	(17,374	)	$	(15,365	)	$	(45,732	)	$	(59,543	)

The following table presents the details of “Other” total assets as of September 30, 2019 and December 31, 2018 (in thousands):

	September 30, 2019		December 31, 2018
General corporate assets	$	98,205	$	70,169
Investment in affiliates		1,879		2,495
	$	100,084	$	72,664