Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Segment Reporting Information, by segment

The following tables summarize the operating results, capital expenditures and assets of the Company’s reportable segments.


	Ocean Services $’000	Inland Services $’000	Witt O’Brien’s $’000	Other $’000	Corporate and Eliminations $’000	Total $’000
For the year ended December 31, 2020
Operating Revenues:
External customers	381,255	271,889	92,416	8,266	—	753,826
Intersegment	—	—	64	—	(64)	—
	381,255	271,889	92,480	8,266	(64)	753,826
Costs and Expenses:
Operating	261,224	222,186	58,520	6,168	(58)	548,040
Administrative and general	42,847	13,956	28,060	3,287	25,163	113,313
Depreciation and amortization	40,787	24,917	1,335	2,167	1,347	70,553
	344,858	261,059	87,915	11,622	26,452	731,906
Gains on Asset Dispositions, Net	1,510	9,165	—	60	—	10,735
Operating Income (Loss)	37,907	19,995	4,565	(3,296)	(26,516)	32,655
Other Income (Expense):

Foreign currency gains (losses), net	452	(852)	(48)	—	66	(382)
Other, net	2	1,937	149	29	977	3,094
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	(1,906)	(7,756)	806	(1,327)	—	(10,183)
Segment Profit (Loss)	36,455	13,324	5,472	(4,594)
Other Income (Expense) not included in Segment Profit						(8,975)
Plus Equity in Losses included in Segment Profit						10,183
Income Before Taxes and Equity in Losses						26,392

Capital Expenditures	15,122	10,873	—	2,433	3,097	31,525

As of December 31, 2020
Property and Equipment:
Historical cost	928,950	479,588	493	12,139	20,701	1,441,871
Accumulated depreciation	(407,286)	(224,096)	(442)	(4,535)	(11,320)	(647,679)


Net property and equipment	521,664	255,492	51	7,604	9,381	794,192
Operating Lease Right-of-Use Assets	88,861	23,961	1,396	—	2,879	117,097
Investments, at Equity, and Advances to 50% or Less Owned Companies	82,186	50,315	1,247	21,651	—	155,399
Inventories	858	1,721	191	163	—	2,933
Goodwill	1,852	2,319	28,506	—	—	32,677
Intangible Assets	6,308	6,002	7,813	—	—	20,123
Other current and long-term assets, excluding cash and near cash assets(1)	57,406	100,074	137,319	4,127	36,338	335,264
Segment Assets	759,135	439,884	176,523	33,545
Cash and near cash assets(1)						74,419

Total Assets						1,532,104

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(1)Cash and near cash assets includes cash, cash equivalents, restricted cash, restricted cash equivalents and marketable securities


	Ocean Services $’000	Inland Services $’000	Witt O’Brien’s $’000	Other $’000	Corporate and Eliminations $’000	Total $’000
For the year ended December 31, 2019
Operating Revenues:
External customers	423,288	267,334	101,663	7,681	—	799,966
Intersegment	—	—	120	—	(120)	—
	423,288	267,334	101,783	7,681	(120)	799,966
Costs and Expenses:
Operating	280,809	229,117	68,052	5,464	(110)	583,332
Administrative and general	40,215	13,441	25,959	3,489	22,714	105,818
Depreciation and amortization	40,986	23,262	835	1,982	1,506	68,571
	362,010	265,820	94,846	10,935	24,110	757,721
Gains (Losses) on Asset Dispositions, Net	1,291	1,602	18	32	(33)	2,910
Operating Income (Loss)	62,569	3,116	6,955	(3,222)	(24,263)	45,155
Other Income (Expense):

Foreign currency losses, net	(98)	(212)	(1)	—	(1)	(312)
Other, net	(112)	—	(463)	431	10	(134)
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	(669)	(6,520)	902	1,037	—	(5,250)
Segment Profit (Loss)	61,690	(3,616)	7,393	(1,754)
Other Income (Expense) not included in Segment Profit						4,388
Plus Equity in Losses included in Segment Profit						5,250
Income Before Taxes and Equity in Losses						49,097

Capital Expenditures	4,859	30,040	47	1,997	843	37,786

As of December 31, 2019
Property and Equipment:
Historical cost	932,267	469,120	1,134	8,897	30,964	1,442,382
Accumulated depreciation	(380,553)	(216,296)	(993)	(2,450)	(23,732)	(624,024)



Net property and equipment	551,714	252,824	141	6,447	7,232	818,358
Operating Lease Right-of-Use Assets	109,460	31,338	3,045	—	696	144,539
Investments, at Equity, and Advances to 50% or Less Owned Companies	78,049	55,092	1,274	22,693	—	157,108
Inventories	2,233	2,510	266	246	—	5,255
Goodwill	1,852	2,343	28,506	—	—	32,701
Intangible Assets	7,637	7,497	5,862	—	—	20,996
Other current and long-term assets, excluding cash and near cash assets(1)	54,842	71,043	108,373	4,760	8,617	247,635
Segment Assets	805,787	422,647	147,467	34,146
Cash and near cash assets(1)						86,380

Total Assets						1,512,972

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(1)Cash and near cash assets includes cash, cash equivalents, restricted cash, restricted cash equivalents and marketable securities.


	Ocean Services $’000	Inland Services $’000	Witt O’Brien’s $’000	Other $’000	Corporate and Eliminations $’000	Total $’000
For the year ended December 31, 2018
Operating Revenues:
External customers	414,844	285,688	131,629	3,589	—	835,750
Intersegment	—	—	80	—	(80)	—
	414,844	285,688	131,709	3,589	(80)	835,750
Costs and Expenses:
Operating	269,294	237,010	83,203	2,455	(114)	591,848
Administrative and general	40,179	13,139	24,772	1,841	22,976	102,907
Depreciation and amortization	46,270	24,164	1,944	501	1,700	74,579
	355,743	274,313	109,919	4,797	24,562	769,334
Gains on Asset Dispositions	12,887	6,659	—	37	—	19,583
Operating Income (Loss)	71,988	18,034	21,790	(1,171)	(24,642)	85,999
Other Income (Expense):

Foreign currency losses, net	(168)	(2,002)	(28)	(3)	(63)	(2,264)
Other, net	570	51	—	54,249	94	54,964
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	3,632	(5,686)	203	1,779	—	(72)
Segment Profit	76,022	10,397	21,965	54,854
Other Income (Expense) not included in Segment Profit						(47,010)
Less Equity in Losses included in Segment Profit						72
Income Before Taxes and Equity in Losses						91,689

Capital Expenditures	39,207	8,298	—	2,639	128	50,272

As of December 31, 2018
Property and Equipment:
Historical cost	930,230	438,848	1,227	6,892	30,132	1,407,329
Accumulated depreciation	(341,999)	(195,094)	(1,031)	(490)	(22,205)	(560,819)


Net property and equipment	588,231	243,754	196	6,402	7,927	846,510
Investments, at Equity, and Advances to 50% or Less Owned Companies	73,939	57,899	471	24,577	—	156,886
Inventories	2,196	1,997	179	158	—	4,530
Goodwill	1,852	2,350	28,506	—	—	32,708
Intangible Assets	8,965	8,991	6,595	—	—	24,551
Other current and long-term assets, excluding cash and near cash assets(1)	48,770	78,903	81,410	2,142	13,178	224,403
Segment Assets	723,953	393,894	117,357	33,279
Cash and near cash assets(1)						181,436

Total Assets						1,471,024

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(1)Cash and near cash assets includes cash, cash equivalents, restricted cash, restricted cash equivalents, marketable securities and construction reserve funds.

Disaggregation of Revenue


	Ocean Services $’000	Inland Services $’000	Witt O’Brien’s $’000	Other $’000	Corporate and Eliminations $’000	Total $’000
For the year ended December 31, 2020
Revenues from Contracts with Customers:
Voyage charters	60,863	—	—	—	—	60,863
Contracts of affreightment	12,876	199,011	—	—	—	211,887
Tariff	68,758	—	—	—	—	68,758
Unit freight	48,934	—	—	—	—	48,934
Terminal operations	—	20,794	—	—	—	20,794
Fleeting operations	—	17,993	—	—	—	17,993
Logistics services	—	15,892	—	—	—	15,892
Time and material contracts	—	—	78,184	—	—	78,184
Retainer contracts	—	—	11,823	—	—	11,823
Product sales(1)	—	—	—	6,402	—	6,402
Other	3,952	6,349	2,473	1,465	(64)	14,175
Lease Revenues:
Time charter, bareboat charter and rental income	185,872	11,850	—	399	—	198,121
	381,255	271,889	92,480	8,266	(64)	753,826

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(1)Costs of goods sold related to product sales was $4.5 million.


	Ocean Services $’000	Inland Services $’000	Witt O’Brien’s $’000	Other $’000	Corporate and Eliminations $’000	Total $’000
For the year ended December 31, 2019
Revenues from Contracts with Customers:
Voyage charters	46,381	—	—	—	—	46,381
Contracts of affreightment	24,540	202,317	—	—	—	226,857
Tariff	79,757	—	—	—	—	79,757
Unit freight	63,420	—	—	—	—	63,420
Terminal operations	—	16,562	—	—	—	16,562
Fleeting operations	—	17,264	—	—	—	17,264
Logistics services	—	15,155	—	—	—	15,155
Time and material contracts	—	—	87,167	—	—	87,167
Retainer contracts	—	—	9,874	—	—	9,874
Product sales(1)	—	—	—	5,555	—	5,555
Other	3,844	5,134	4,742	1,144	(120)	14,744
Lease Revenues:
Time charter, bareboat charter and rental income	205,346	10,902	—	982	—	217,230
	423,288	267,334	101,783	7,681	(120)	799,966

______________________

(1)Costs of goods sold related to product sales was $4.5 million


	Ocean Services $’000	Inland Services $’000	Witt O’Brien’s $’000	Other $’000	Corporate and Eliminations $’000	Total $’000
For the year ended December 31, 2018
Revenues from Contracts with Customers:
Voyage charters	73,979	—	—	—	—	73,979
Contracts of affreightment	11,872	219,375	—	—	—	231,247
Tariff	74,157	—	—	—	—	74,157
Unit freight	58,326	—	—	—	—	58,326
Terminal operations	—	21,501	—	—	—	21,501
Fleeting operations	—	17,888	—	—	—	17,888
Logistics services	—	14,309	—	—	—	14,309
Time and material contracts	—	—	119,196	—	—	119,196
Retainer contracts	—	—	10,124	—	—	10,124
Product sales(1)	—	—	—	2,686	—	2,686
Other	3,268	5,223	2,389	425	(80)	11,225
Lease Revenues:
Time charter, bareboat charter and rental income	193,242	7,392	—	478	—	201,112
	414,844	285,688	131,709	3,589	(80)	835,750

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(1)Costs of goods sold related to product sales was $2.1 million