OPERATING SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2020

OPERATING SEGMENT DATA

Schedule of reportable operating segment information

	Three Months Ended
	March 31
	2020		2019
	(in thousands)
REVENUES
Asset-Based	$	515,713	$	506,079
ArcBest		164,775		173,204
FleetNet		52,439		53,259
Other and eliminations		(31,528)		(20,703)
Total consolidated revenues	$	701,399	$	711,839
OPERATING EXPENSES
Asset-Based
Salaries, wages, and benefits	$	283,838	$	280,276
Fuel, supplies, and expenses(1)		61,225		63,972
Operating taxes and licenses		12,794		12,398
Insurance		7,824		7,991
Communications and utilities(1)		4,711		4,616
Depreciation and amortization(1)		23,270		20,961
Rents and purchased transportation(1)		55,770		49,306
Shared services(1)		48,885		50,295
Gain on sale of property and equipment		(2,164)		(34)
Innovative technology costs(1)(2)		4,533		1,802
Other(1)		1,787		881
Total Asset-Based		502,473		492,464
ArcBest
Purchased transportation		137,182		140,105
Supplies and expenses		2,280		2,774
Depreciation and amortization		2,470		3,151
Shared services		21,727		23,031
Other		2,525		2,413
Total ArcBest		166,184		171,474
FleetNet		51,399		51,771
Other and eliminations		(26,476)		(12,461)
Total consolidated operating expenses	$	693,580	$	703,248

(1) As previously discussed in this Note, the presentation of Asset-Based segment expenses was modified in third quarter 2019 to present innovative technology costs as a separate operating expense line item. Certain reclassifications have been made to the prior period operating segment expenses to conform to the current year presentation.

(2) Represents costs associated with the freight handling pilot test program at ABF Freight previously discussed in this Note.

	Three Months Ended
	March 31
	2020		2019
	(in thousands)
OPERATING INCOME
Asset-Based	$	13,240	$	13,615
ArcBest		(1,409)		1,730
FleetNet		1,040		1,488
Other and eliminations		(5,052)		(8,242)
Total consolidated operating income	$	7,819	$	8,591
OTHER INCOME (COSTS)
Interest and dividend income	$	1,375	$	1,478
Interest and other related financing costs		(2,947)		(2,882)
Other, net(1)		(3,862)		(591)
Total other income (costs)		(5,434)		(1,995)
INCOME BEFORE INCOME TAXES	$	2,385	$	6,596

(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
	2020		2019
	(in thousands)
OPERATING EXPENSES
Salaries, wages, and benefits	$	344,946	$	343,668
Rents, purchased transportation, and other costs of services		217,028		221,025
Fuel, supplies, and expenses		71,773		79,336
Depreciation and amortization(1)		29,013		26,537
Other		30,820		32,682
	$	693,580	$	703,248

(1) Includes amortization of intangible assets.