Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2013

Information concerning business activities and assets by segment

The Company is engaged in the business of crude oil and natural gas marketing as well as tank truck transportation of liquid chemicals, and oil and gas exploration and production. Information concerning the Company’s various business activities is summarized as follows (in thousands):

			Segment Operating			Depreciation Depletion and		Property and Equipment
	Revenues		Earnings (loss)			Amortization		Additions
Year ended December 31, 2013-
Marketing	$	3,863,057	$	40,369		$	7,682	$	11,343
Transportation		68,783		5,180			7,099		3,165
Oil and gas		14,129		(2,113	)		7,494		13,094
	$	3,945,969	$	43,436		$	22,275	$	27,602
Year ended December 31, 2012-
Marketing	$	3,292,948	$	46,145		$	5,945	$	12,391
Transportation		67,183		10,253			5,921		15,538
Oil and gas		15,954		(3,632	)(1)		8,848		23,083
	$	3,376,085	$	52,766		$	20,714	$	51,012
Year ended December 31, 2011-
Marketing	$	2,961,176	$	49,237		$	3,724	$	13,554
Transportation		63,501		8,521			3,912		14,118
Oil and gas		14,060		(13,874	)(1)		8,249		24,580
	$	3,038,737	$	43,884		$	15,885	$	52,252

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(1)	Oil and gas segment operating earnings include gains on property sales totaling $2,203,000 and $2,923,000 during 2012 and 2011, respectively.

Reconciliation of segment earnings to earnings before income taxes

Segment operating earnings reflect revenues net of operating costs and depreciation, depletion and amortization and are reconciled to earnings from continuing operations before income taxes, as follows (in thousands):

	Years Ended December 31,
	2013			2012			2011
Segment operating earnings	$	43,436		$	52,766		$	43,884
- General and administrative expenses		(9,060	)		(8,810	)		(8,678	)
Operating earnings		34,376			43,956			35,206
- Interest income		198			190			237
- Interest expense		(24	)		(10	)		(8	)
Earnings from continuing operations before
income taxes and discontinued operations	$	34,550		$	44,136		$	35,435

Identifiable assets by industry segment

Identifiable assets by industry segment are as follows (in thousands):

	Years Ended December 31,
	2013		2012		2011
Marketing	$	306,693	$	277,920	$	253,817
Transportation		34,406		38,940		27,221
Oil and gas		37,093		35,788		29,105
Other		69,890		66,853		68,697
	$	448,082	$	419,501	$	378,840

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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- 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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