Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Segment Reporting Information, by Segment

Financial information regarding the Company’s operations by geographic area is as follows:



(in thousands)	UNITED STATES		OTHER NORTH AMERICA	LATIN AMERICA	ASIA PACIFIC	EUROPE and AFRICA	MIDDLE EAST and INDIA	ELIMI- NATIONS		CONSOLI- DATED
Three months ended June 30, 2014:
Revenues from unaffiliated customers	$	416,454	55,343	22,003	780,834	244,642	79,865	—		1,599,141
Transfers between geographic areas	22,408		2,587	5,567	12,393	9,468	5,238	(57,661	)	—
Total revenues	$	438,862	57,930	27,570	793,227	254,110	85,103	(57,661	)	1,599,141
Net revenues¹	$	200,106	25,533	16,648	138,445	78,638	25,344	—		484,714
Operating income	$	59,780	7,001	4,676	51,436	14,219	5,331	—		142,443
Identifiable assets at period end	$	1,328,312	110,498	57,588	743,190	511,149	173,425	5,778		2,929,940
Capital expenditures	$	5,547	422	171	1,907	1,262	326	—		9,635
Depreciation and amortization	$	7,879	296	227	2,108	1,471	436	—		12,417
Equity	$	1,044,386	72,681	35,578	481,899	204,952	94,390	(36,749	)	1,897,137
Three months ended June 30, 2013:
Revenues from unaffiliated customers	$	395,495	56,626	21,421	749,282	206,020	74,380	—		1,503,224
Transfers between geographic areas	23,217		2,516	5,614	11,605	9,189	4,559	(56,700	)	—
Total revenues	$	418,712	59,142	27,035	760,887	215,209	78,939	(56,700	)	1,503,224
Net revenues¹	$	193,509	25,440	15,522	141,439	71,068	24,894	—		471,872
Operating income	$	58,310	7,887	4,601	54,781	11,613	6,387	—		143,579
Identifiable assets at period end	$	1,531,739	101,721	53,795	809,827	418,077	155,058	(6,552	)	3,063,665
Capital expenditures	$	4,354	708	145	11,056	563	315	—		17,141
Depreciation and amortization	$	7,276	197	229	1,983	1,550	439	—		11,674
Equity	$	1,209,762	65,897	33,272	606,793	166,891	75,418	(36,091	)	2,121,942




(in thousands)	UNITED STATES		OTHER NORTH AMERICA	LATIN AMERICA	ASIA PACIFIC	EUROPE and AFRICA	MIDDLE EAST and INDIA	ELIMI- NATIONS		CONSOLI- DATED
Six months ended June 30, 2014:
Revenues from unaffiliated customers	$	817,193	106,927	42,632	1,495,218	472,150	156,666	—		3,090,786
Transfers between geographic areas	42,419		4,962	10,771	24,402	18,425	10,100	(111,079	)	—
Total revenues	$	859,612	111,889	53,403	1,519,620	490,575	166,766	(111,079	)	3,090,786
Net revenues¹	$	392,188	51,694	32,005	271,719	151,695	49,999	—		949,300
Operating income	$	111,678	15,376	9,535	104,277	25,285	11,495	—		277,646
Identifiable assets at period end	$	1,328,312	110,498	57,588	743,190	511,149	173,425	5,778		2,929,940
Capital expenditures	$	9,475	686	472	5,033	2,114	615	—		18,395
Depreciation and amortization	$	15,731	576	439	4,216	2,963	874	—		24,799
Equity	$	1,044,386	72,681	35,578	481,899	204,952	94,390	(36,749	)	1,897,137
Six months ended June 30, 2013:
Revenues from unaffiliated customers	$	769,869	108,355	41,285	1,443,419	408,533	144,971	—		2,916,432
Transfers between geographic areas	43,243		5,060	10,490	22,235	18,069	8,886	(107,983	)	—
Total revenues	$	813,112	113,415	51,775	1,465,654	426,602	153,857	(107,983	)	2,916,432
Net revenues¹	$	373,852	49,221	29,933	276,989	141,682	48,202	—		919,879
Operating income	$	105,663	14,499	8,690	107,665	23,539	12,041	—		272,097
Identifiable assets at period end	$	1,531,739	101,721	53,795	809,827	418,077	155,058	(6,552	)	3,063,665
Capital expenditures	$	9,733	895	404	13,608	1,761	808	—		27,209
Depreciation and amortization	$	14,033	404	470	3,971	3,179	895	—		22,952
Equity	$	1,209,762	65,897	33,272	606,793	166,891	75,418	(36,091	)	2,121,942

Schedule of Net Revenues Calculation

The following table presents the calculation of consolidated net revenues:



	Three months ended				Six months ended
	June 30,				June 30,
	2014		2013		2014		2013
Total revenues	$	1,599,141	$	1,503,224	$	3,090,786	$	2,916,432
Expenses:
Airfreight services	503,213		483,016		986,095		947,935
Ocean freight and ocean services	423,716		380,727		791,091		725,650
Customs brokerage and other services	187,498		167,609		364,300		322,968
Net revenues	$	484,714	$	471,872	$	949,300	$	919,879

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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