XML 30 R20.htm IDEA: XBRL DOCUMENT v3.4.0.3
Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
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
 
NORTH ASIA
 
SOUTH ASIA
 
EUROPE
 
MIDDLE EAST, AFRICA AND INDIA
 
ELIMI-
NATIONS
 
CONSOLI-
DATED
Three months ended March 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from unaffiliated customers
$
407,826

 
52,106

 
20,064

 
497,232

 
136,418

 
221,897

 
82,929

 

 
1,418,472

Transfers between geographic areas
26,034

 
2,700

 
3,601

 
5,096

 
5,806

 
10,361

 
5,394

 
(58,992
)
 

Total revenues
$
433,860

 
54,806

 
23,665

 
502,328

 
142,224

 
232,258

 
88,323

 
(58,992
)
 
1,418,472

Net revenues1
$
220,698

 
27,378

 
13,733

 
110,791

 
39,518

 
74,541

 
30,407

 
3

 
517,069

Operating income
$
48,205

 
7,291

 
3,852

 
55,218

 
15,691

 
12,253

 
9,313

 
3

 
151,826

Identifiable assets at period end
$
1,255,099

 
119,258

 
56,334

 
455,973

 
133,940

 
438,711

 
216,576

 
3,852

 
2,679,743

Capital expenditures
$
8,137

 
311

 
485

 
1,085

 
655

 
2,119

 
1,243

 

 
14,035

Depreciation and amortization
$
7,332

 
364

 
253

 
1,319

 
512

 
1,098

 
451

 

 
11,329

Equity
$
978,426

 
79,312

 
37,325

 
300,188

 
115,606

 
167,726

 
137,112

 
(33,184
)
 
1,782,511

Three months ended March 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from unaffiliated customers
$
444,181

 
54,794

 
24,081

 
645,444

 
181,381

 
242,086

 
85,559

 

 
1,677,526

Transfers between geographic areas
27,675

 
2,814

 
4,777

 
5,697

 
5,915

 
9,637

 
5,067

 
(61,582
)
 

Total revenues
$
471,856

 
57,608

 
28,858

 
651,141

 
187,296

 
251,723

 
90,626

 
(61,582
)
 
1,677,526

Net revenues1
$
219,603

 
30,678

 
16,559

 
117,405

 
42,200

 
75,888

 
27,153

 

 
529,486

Operating income
$
59,181

 
11,091

 
5,356

 
57,056

 
13,880

 
15,071

 
7,248

 

 
168,883

Identifiable assets at period end
$
1,451,103

 
109,180

 
57,232

 
541,983

 
143,910

 
430,338

 
198,954

 
11,078

 
2,943,778

Capital expenditures
$
6,325

 
288

 
617

 
290

 
319

 
1,148

 
458

 

 
9,445

Depreciation and amortization
$
7,393

 
292

 
268

 
1,399

 
530

 
1,246

 
401

 

 
11,529

Equity
$
1,182,808

 
58,998

 
34,604

 
306,775

 
106,139

 
154,343

 
120,086

 
(36,222
)
 
1,927,531

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Net Revenues Calculation
The following table presents the calculation of consolidated net revenues:
 
Three months ended
 
March 31,
 
2016
 
2015
Total revenues
$
1,418,472

 
$
1,677,526

Expenses:
 
 
 
Airfreight services
388,777

 
513,001

Ocean freight and ocean services
323,020

 
445,456

Customs brokerage and other services
189,606

 
189,583

Net revenues
$
517,069

 
$
529,486