OPERATING SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2019

OPERATING SEGMENT DATA

Schedule of reportable operating segment information

	Three Months Ended
	March 31
	2019		2018
	(in thousands)
REVENUES
Asset-Based	$	506,079	$	482,115
ArcBest		173,204		181,933
FleetNet		53,259		47,759
Other and eliminations		(20,703)		(11,806)
Total consolidated revenues	$	711,839	$	700,001
OPERATING EXPENSES
Asset-Based
Salaries, wages, and benefits	$	280,276	$	269,779
Fuel, supplies, and expenses		64,727		62,193
Operating taxes and licenses		12,398		11,756
Insurance		7,991		6,628
Communications and utilities		4,620		4,521
Depreciation and amortization		20,980		20,930
Rents and purchased transportation		49,912		46,133
Shared services		50,712		45,607
Gain on sale of property and equipment		(34)		(133)
Other		882		1,299
Total Asset-Based		492,464		468,713
ArcBest
Purchased transportation		140,105		148,372
Supplies and expenses		2,774		3,230
Depreciation and amortization		3,151		3,408
Shared services		23,031		21,868
Other		2,413		1,881
Restructuring costs(1)		—		9
Total ArcBest		171,474		178,768
FleetNet		51,771		46,238
Other and eliminations		(12,461)		(6,443)
Total consolidated operating expenses	$	703,248	$	687,276

⁽¹⁾ Restructuring costs relate to the realignment of the Company’s corporate structure as further described in Note N to the consolidated financial statements in Item 8 of the Company’s 2018 Annual Report on Form 10-K.

	Three Months Ended
	March 31
	2019		2018
	(in thousands)
OPERATING INCOME
Asset-Based	$	13,615	$	13,402
ArcBest		1,730		3,165
FleetNet		1,488		1,521
Other and eliminations		(8,242)		(5,363)
Total consolidated operating income	$	8,591	$	12,725
OTHER INCOME (COSTS)
Interest and dividend income	$	1,478	$	526
Interest and other related financing costs		(2,882)		(2,059)
Other, net(1)		(591)		(2,201)
Total other income (costs)		(1,995)		(3,734)
INCOME BEFORE INCOME TAXES	$	6,596	$	8,991

⁽¹⁾ Includes the components of net periodic benefit cost other than service cost related to the Company’s nonunion pension, SBP, and postretirement plans (see Note G) and proceeds and changes in cash surrender value of life insurance policies.

The following table presents operating expenses by category on a consolidated basis:

	Three Months Ended
	March 31
	2019		2018
	(in thousands)
OPERATING EXPENSES
Salaries, wages, and benefits	$	343,668	$	328,757
Rents, purchased transportation, and other costs of services		221,025		223,756
Fuel, supplies, and expenses		79,336		78,646
Depreciation and amortization(1)		26,537		26,486
Other		32,682		29,255
Restructuring costs(2)		—		376
	$	703,248	$	687,276

⁽¹⁾ Includes amortization of intangible assets.

⁽²⁾ Restructuring costs relate to the realignment of the Company’s corporate structure as further described in Note N to the consolidated financial statements in Item 8 of the Company’s 2018 Annual Report on Form 10-K.