Business Segment Information (Tables)

3 Months Ended

Mar. 31, 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 March 31, 2014:
Revenues from unaffiliated customers	$	400,739	51,584	20,629	714,384	227,508	76,801	—		1,491,645
Transfers between geographic areas	20,011		2,375	5,204	12,009	8,957	4,862	(53,418	)	—
Total revenues	$	420,750	53,959	25,833	726,393	236,465	81,663	(53,418	)	1,491,645
Net revenues¹	$	192,082	26,161	15,357	133,274	73,057	24,655	—		464,586
Operating income	$	51,898	8,375	4,859	52,841	11,066	6,164	—		135,203
Identifiable assets at period end	$	1,437,768	105,070	61,503	697,614	457,614	162,249	3,686		2,925,504
Capital expenditures	$	3,928	264	301	3,126	852	289	—		8,760
Depreciation and amortization	$	7,852	280	212	2,108	1,492	438	—		12,382
Equity	$	1,151,455	69,702	32,017	448,196	205,060	89,068	(35,484	)	1,960,014
Three months ended March 31, 2013:
Revenues from unaffiliated customers	$	374,374	51,729	19,864	694,137	202,513	70,591	—		1,413,208
Transfers between geographic areas	20,026		2,544	4,876	10,630	8,880	4,327	(51,283	)	—
Total revenues	$	394,400	54,273	24,740	704,767	211,393	74,918	(51,283	)	1,413,208
Net revenues¹	$	180,343	23,781	14,411	135,550	70,614	23,308	—		448,007
Operating income	$	47,353	6,612	4,089	52,884	11,926	5,654	—		128,518
Identifiable assets at period end	$	1,502,795	96,555	53,935	795,946	406,801	158,569	3,198		3,017,799
Capital expenditures	$	5,379	187	259	2,552	1,198	493	—		10,068
Depreciation and amortization	$	6,757	207	241	1,988	1,629	456	—		11,278
Equity	$	1,231,424	62,267	32,638	568,609	165,014	79,434	(34,765	)	2,104,621

Schedule of Net Revenues Calculation

The following table presents the calculation of consolidated net revenues:



	Three months ended
	March 31,
	2014		2013
Total revenues	$	1,491,645	$	1,413,208
Expenses:
Airfreight services	482,882		464,919
Ocean freight and ocean services	367,375		344,923
Customs brokerage and other services	176,802		155,359
Net revenues	$	464,586	$	448,007

- 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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