Segment Reporting

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

Note 3 – Segment Reporting

The Company is engaged in the business of crude oil 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):

- Six Month Comparison

			Segment			Depreciation		Property and
			Operating			Depletion and		Equipment
	Revenues		Earnings			Amortization		Additions
Period Ended June 30, 2015
Marketing	$	1,118,985	$	18,690		$	5,554	$	2,128
Transportation		34,173		2,294			3,799		534
Oil and gas		2,973		(3,497	)		2,765		2,171
	$	1,156,131	$	17,487		$	12,118	$	4,833
Period Ended June 30, 2014
Marketing	$	2,066,208	$	17,146		$	4,556	$	5,931
Transportation		34,952		2,130			3,631		429
Oil and gas		7,960		(387	)		4,028		5,729
	$	2,109,120	$	18,889		$	12,215	$	12,089

- Three Month Comparison

			Segment			Depreciation		Property and
			Operating			Depletion and		Equipment
	Revenues		Earnings			Amortization		Additions
Period Ended June 30, 2015
Marketing	$	581,237	$	9,842		$	2,787	$	278
Transportation		17,708		1,169			1,900		368
Oil and gas		1,613		(1,772	)		1,343		522
	$	600,558	$	9,239		$	6,030	$	1,168
Period Ended June 30, 2014
Marketing	$	1,139,004	$	7,776		$	2,287	$	1,855
Transportation		17,303		955			1,818		226
Oil and gas		3,624		(508	)		2,004		2,238
	$	1,159,931	$	8,223		$	6,109	$	4,319

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):

	Six Months Ended						Three Months Ended
	June 30,						June 30
	2015			2014			2015			2014
Segment operating earnings	$	17,487		$	18,889		$	9,239		$	8,223
-General and administrative		(5,649	)		(4,401	)		(2,318	)		(2,147	)
Operating earnings		11,838			14,488			6,921			6,076
-Interest income		173			87			95			45
-Interest expense		(4	)		-			-			-
Earnings before income tax	$	12,007		$	14,575		$	7,016		$	6,121

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

	June 30,		December 31,
	2015		2014
Marketing	$	190,014	$	189,332
Transportation		34,361		37,643
Oil and gas		23,443		25,888
Other		91,754		87,951
	$	339,572	$	340,814

Intersegment sales are insignificant and all sales occurred in the United States.  Other identifiable assets are primarily corporate cash, corporate accounts receivable and properties not identified with any specific segment of the Company’s business.  Accounting policies for transactions between reportable segments are consistent with applicable accounting policies as disclosed herein.