Business Segments

3 Months Ended

Mar. 31, 2012

Note 7. Business Segments

CBL has two reportable business segments: transportation and manufacturing. CBL’s transportation segment includes barge transportation operations and fleeting facilities that provide fleeting, shifting, cleaning and repair services at various locations along the Inland Waterways. The manufacturing segment constructs marine equipment for external customers as well as for CBL’s transportation segment.

Management evaluates performance based on a variety of measures including segment earnings, which is defined as operating income. The accounting policies of the reportable segments are consistent with those described in the summary of significant accounting policies described in the Company’s filing on Form 10-K for the year ended December 31, 2011.

Intercompany sales are transferred at the lower of cost or fair market value and intersegment profit is eliminated upon consolidation.

Reportable segments are business units that offer different products or services. The reportable segments are managed separately because they provide distinct products and services to internal and external customers.


	Reportable Segments					Intersegment Eliminations
	Transportation			Manufacturing		Intersegment Eliminations			Total
Three Months ended March 31, 2012
Total revenue	$	182,375		$	51,424	$	(15,662	)	$	218,137
Intersegment revenues		102			15,560		(15,662	)		—

Revenue from external customers		182,273			35,864		—			218,137
Operating expense
Materials, supplies and other		61,035			—		—			61,035
Rent		6,728			—		—			6,728
Labor and fringe benefits		28,699			—		—			28,699
Fuel		43,281			—		—			43,281
Depreciation and amortization		25,065			—		—			25,065
Taxes, other than income taxes		3,018			—		—			3,018
Gain on disposition of equipment		(6,384	)		—		—			(6,384	)
Cost of goods sold		—			31,011		—			31,011

Total cost of sales		161,442			31,011		—			192,453
Selling, general & administrative		9,185			1,019		—			10,204

Total operating expenses		170,627			32,030		—			202,657

Operating income	$	11,646		$	3,834	$	—		$	15,480


	Reportable Segments						Intersegment Eliminations
	Transportation			Manufacturing			Intersegment Eliminations			Total
Three Months ended March 31, 2011
Total revenue	$	161,328		$	27,981		$	(12,176	)	$	177,133
Intersegment revenues		202			11,974			(12,176	)		—

Revenue from external customers		161,126			16,007			—			177,133
Operating expense
Materials, supplies and other		56,843			—			—			56,843
Rent		6,987			—			—			6,987
Labor and fringe benefits		30,243			—			—			30,243
Fuel		35,823			—			—			35,823
Depreciation and amortization		25,519			—			—			25,519
Taxes, other than income taxes		2,867			—			—			2,867
Gain on disposition of equipment		(25	)		—			—			(25	)
Cost of goods sold		—			16,444			—			16,444

Total cost of sales		158,257			16,444			—			174,701
Selling, general & administrative		17,068			608			—			17,676

Total operating expenses		175,325			17,052			—			192,377

Operating loss	$	(14,199	)	$	(1,045	)	$	—		$	(15,244	)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

COMMERCIAL BARGE LINE CO 10-Q