Segment Reporting

The Company has four reportable segments based on information available to and used by the chief operating decision maker. Expedited LTL operates a comprehensive national network that provides expedited regional, inter-regional and national LTL and final mile services. The TLS segment provides expedited truckload brokerage, dedicated fleet services and high security and temperature-controlled logistics services. The Intermodal segment primarily provides first- and last-mile high value intermodal container drayage services both to and from seaports and railheads. Pool Distribution provides high-frequency handling and distribution of time sensitive product to numerous destinations.

Except for certain insurance activity, the accounting policies of the segments are the same as those described in the summary of significant accounting policies disclosed in Note 1. For workers compensation and vehicle claims each segment is charged an insurance premium and is also charged a deductible that corresponds with our corporate deductibles disclosed in Note 1. However, any losses beyond our deductibles and any loss development factors applied to our outstanding claims as a result of actuary analysis are not passed to the segments, but recorded at the corporate level within Eliminations and Other.

Segment data includes intersegment revenues. Costs of the corporate headquarters and shared services are allocated to the segments based on usage. The expense associated with shared operating assets, such as trailers, are allocated between operating segments based on usage. However, the carrying value of the asset's basis are not allocated. The Company evaluates the performance of its segments based on income from operations. The Company’s business is conducted in the U.S. and Canada.

The following tables summarize segment information about results from operations and assets used by the chief operating decision maker of the Company in making decisions regarding allocation of assets and resources as of and for the years ended December 31, 2018, 2017 and 2016.



Year ended December 31, 2018	Expedited LTL		Truckload Premium Services			Pool Distribution		Intermodal		Eliminations & Other			Consolidated
External revenues	$	740,332	$	186,114		$	193,690	$	200,750	$	—		$	1,320,886
Intersegment revenues	7,230		6,468			427		256		(14,381		)	—
Depreciation and amortization	22,523		6,429			6,900		6,329		2			42,183
Share-based compensation expense	7,761		696			453		984		655			10,549
Interest expense	1		(21		)	—		58		1,745			1,783
Income (loss) from operations	96,385		5,055			5,870		23,266		(8,545		)	122,031
Total assets	478,888		71,163			64,306		167,002		(21,144		)	760,215
Capital expenditures	38,520		190			2,729		854		—			42,293



Year ended December 31, 2017 (As Adjusted)	Expedited LTL		Truckload Premium Services		Pool Distribution		Intermodal		Eliminations & Other			Consolidated
External revenues	$	652,304	$	194,402	$	168,194	$	154,446	$	—		$	1,169,346
Intersegment revenues	3,534		7,350		289		238		(11,411		)	—
Depreciation and amortization	22,103		6,328		6,773		5,848		3			41,055
Share-based compensation expense	6,776		378		387		562		—			8,103
Interest expense	3		2		—		48		1,156			1,209
Income (loss) from operations	87,969		3,215		6,378		12,963		(1,768		)	108,757
Total assets	440,823		65,829		55,970		149,150		(19,150		)	692,622
Capital expenditures	36,650		33		1,068		514		—			38,265



Year ended December 31, 2016 ( As Adjusted)	Expedited LTL		Truckload Premium Services			Pool Distribution		Intermodal		Eliminations & Other			Consolidated
External revenues	$	593,472	$	179,989		$	151,245	$	105,504	$	—		$	1,030,210
Intersegment revenues	3,067		1,018			607		160		(4,852		)	—
Depreciation and amortization	21,919		6,441			5,975		3,876		(1		)	38,210
Share-based compensation expense	7,209		332			334		459		—			8,334
Impairment of goodwill and other intangible assets	—		42,442			—		—		—			42,442
Interest expense	1,687		3			—		83		(176		)	1,597
Income (loss) from operations	83,142		(35,409		)	3,633		11,060		(2,723		)	59,703
Total assets	443,077		53,695			50,271		130,295		(33,290		)	644,048
Capital expenditures	37,501		1,828			2,637		220		—			42,186