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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
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, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from unaffiliated customers
$
426,019

 
59,899

 
22,103

 
566,428

 
147,240

 
231,457

 
91,986

 

 
1,545,132

Transfers between geographic areas
24,313

 
2,639

 
3,635

 
5,051

 
5,431

 
9,322

 
4,964

 
(55,355
)
 

Total revenues
$
450,332

 
62,538

 
25,738

 
571,479

 
152,671

 
240,779

 
96,950

 
(55,355
)
 
1,545,132

Net revenues1
$
230,785

 
25,793

 
14,916

 
111,833

 
37,995

 
75,958

 
29,731

 
594

 
527,605

Operating income
$
52,346

 
5,051

 
3,451

 
53,352

 
13,224

 
11,646

 
7,043

 
1

 
146,114

Identifiable assets at period end
$
1,536,520

 
106,068

 
50,344

 
514,509

 
122,765

 
379,853

 
188,098

 
4,562

 
2,902,719

Capital expenditures
$
5,242

 
234

 
255

 
1,240

 
373

 
5,078

 
339

 

 
12,761

Depreciation and amortization
$
7,753

 
372

 
320

 
1,320

 
531

 
1,171

 
460

 

 
11,927

Equity
$
1,192,601

 
51,812

 
27,248

 
371,152

 
105,726

 
118,211

 
119,627

 
(34,657
)
 
1,951,720

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
$
1,236,896

 
119,258

 
56,334

 
455,973

 
133,940

 
438,711

 
216,576

 
3,852

 
2,661,540

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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Net Revenues Calculation
The following table presents the calculation of consolidated net revenues:
 
Three months ended
 
March 31,
 
2017
 
2016
Total revenues
$
1,545,132

 
$
1,418,472

Expenses:
 
 
 
Airfreight services
443,404

 
388,777

Ocean freight and ocean services
366,063

 
323,020

Customs brokerage and other services
208,060

 
189,606

Net revenues
$
527,605

 
$
517,069