(13) Segment Information As described in Note 1(a) Nature of Operations, the Company operates in three reportable segments: Container Ownership, Container Management and Container Resale. Prior year amounts have been modified to reflect the reclassification adjustments discussed in Note 2 Immaterial Reclassification and Adjustment of Prior Periods. The following tables show segment information for 2018, 2017 and 2016, reconciled to the Companys income before income tax and noncontrolling interests as shown in its consolidated statements of comprehensive income (loss): Container Container Container 2018 Ownership Management Resale Other Eliminations Totals Lease rental income - owned fleet $ 498,414 $ 2,948 $  $  $  $ 501,362 Lease rental income - managed fleet  111,342    111,342 Lease rental income $ 498,414 $ 114,290 $  $  $  $ 612,704 Management fees - non-leasing from external customers $ 235 $ 2,752 $ 5,542 $  $  $ 8,529 Inter-segment management fees $  $ 48,646 $ 12,132 $  $ (60,778 ) $  Trading container margin $  $  $ 3,450 $  $  $ 3,450 Gain on sale of owned fleet containers, net $ 36,071 $  $  $  $  $ 36,071 Depreciation expense $ 241,647 $ 794 $  $  $ (6,736 ) $ 235,705 Container impairment $ 26,775 $  $  $  $  $ 26,775 Interest expense $ 138,427 $  $  $  $  $ 138,427 Write-off of unamortized deferred debt issuance costs $ 881 $  $  $  $  $ 881 Realized gain on interest rate swaps, collars and caps, net $ 5,238 $  $  $  $  $ 5,238 Unrealized loss on interest rate swaps, collars and caps, net $ 5,790 $  $  $  $  $ 5,790 Segment income (loss) before income tax and noncontrolling interests $ 26,166 $ 20,322 $ 16,128 $ (4,083 ) $ (2,258 ) $ 56,275 Total assets $ 4,648,938 $ 128,328 $ 45,110 $ 10,653 $ (88,733 ) $ 4,744,296 Purchases of long-lived assets $ 765,297 $ 709 $  $  $  $ 766,006 Container Container Container 2017 Ownership Management Resale Other Eliminations Totals Lease rental income - owned fleet $ 442,219 $ 2,669 $  $  $  $ 444,888 Lease rental income - managed fleet  104,566    104,566 Lease rental income $ 442,219 $ 107,235 $  $  $  $ 549,454 Management fees (non-leasing) from external customers $ 266 $ 2,105 $ 4,775 $  $  $ 7,146 Inter-segment management fees $  $ 39,529 $ 9,477 $  $ (49,006 ) $  Trading container margin $  $  $ 1,456 $  $  $ 1,456 Gain on sale of owned fleet containers, net $ 26,210 $  $  $  $  $ 26,210 Depreciation expense $ 236,577 $ 776 $  $  $ (6,310 ) $ 231,043 Container impairment $ 8,072 $  $  $  $  $ 8,072 Interest expense $ 117,475 $  $  $  $  $ 117,475 Write-off of unamortized deferred debt issuance costs and bond discounts $ 7,550 $  $  $  $  $ 7,550 Realized loss on interest rate swaps, collars and caps, net $ 1,191 $  $  $  $  $ 1,191 Unrealized gain on interest rate swaps, collars and caps, net $ 4,094 $  $  $  $  $ 4,094 Segment (loss) income before income tax and noncontrolling interests $ (1,707 ) $ 15,376 $ 10,854 $ (3,568 ) $ 1,405 $ 22,360 Total assets $ 4,316,272 $ 139,989 $ 10,873 $ 6,859 $ (93,651 ) $ 4,380,342 Purchases of long-lived assets $ 418,288 $ 934 $  $  $  $ 419,222 Container Container Container 2016 Ownership Management Resale Other Eliminations Totals Lease rental income - owned fleet $ 458,246 $ 2,181 $  $  $  $ 460,427 Lease rental income - managed fleet  105,511    105,511 Lease rental income $ 458,246 $ 107,692 $  $  $  $ 565,938 Management fees (non-leasing) from external customers $ 291 $ 2,593 $ 3,053 $  $  $ 5,937 Inter-segment management fees $  $ 38,080 $ 8,493 $  $ (46,573 ) $  Trading container margin $  $  $ (276 ) $  $  $ (276 ) Gain on sale of owned fleet containers, net $ 6,761 $  $  $  $  $ 6,761 Depreciation expense $ 241,498 $ 876 $  $  $ (6,230 ) $ 236,144 Container impairment $ 94,623 $  $  $  $  $ 94,623 Interest expense $ 85,215 $  $  $  $  $ 85,215 Realized loss on interest rate swaps, collars and caps, net $ 8,928 $  $  $  $  $ 8,928 Unrealized gain on interest rate swaps, collars and caps, net $ 6,210 $  $  $  $  $ 6,210 Segment (loss) income before income tax and noncontrolling interests $ (84,252 ) $ 18,134 $ 6,178 $ (3,016 ) $ 1,633 $ (61,323 ) Total assets $ 4,261,296 $ 89,905 $ 6,010 $ 4,900 $ (68,085 ) $ 4,294,026 Purchases of long-lived assets $ 474,956 $ 1,206 $  $  $  $ 476,162 General and administrative expenses are allocated to the reportable business segments based on direct overhead costs incurred by those segments. Amounts reported in the Other column represent activity unrelated to the active reportable business segments. Amounts reported in the Eliminations column represent inter-segment management fees between the Container Management and the Container Resale segments and the Container Ownership segment. Geographic Segment Information The Companys container lessees use containers for their global trade utilizing many worldwide trade routes. The Company earns its revenue from international carriers when the containers are on hire. Substantially all of the Companys leasing related revenue is denominated in U.S. dollars. As all of the Companys containers are used internationally, where no single container is domiciled in one particular place for a prolonged period of time, all of the Companys long-lived assets are considered to be international with no single country of use. The following table represents the geographic allocation of total fleet lease rental income and management fees from non-leasing services during the years ended December 31, 2018, 2017 and 2016 based on customers and container owners primary domicile: Years ended December 31, 2018 Percent of Total 2017 Percent of Total 2016 Percent of Total Lease rental income: Asia $ 319,286 52.1 % $ 280,331 51.0 % $ 297,822 52.6 % Europe 255,753 41.7 % 232,888 42.4 % 232,538 41.1 % North / South America 34,053 5.6 % 30,480 5.5 % 27,483 4.9 % Bermuda  0.0 %  0.0 %  0.0 % All other international 3,612 0.6 % 5,755 1.1 % 8,095 1.4 % $ 612,704 100.0 % $ 549,454 100.0 % $ 565,938 100.0 % Management fees - non-leasing: Bermuda $ 4,418 51.8 % $ 3,100 43.4 % $ 3,320 55.9 % Europe 2,089 24.5 % 2,097 29.3 % 660 11.1 % North / South America 1,970 23.1 % 1,928 27.0 % 1,911 32.2 % Asia 7 0.1 % 4 0.1 % 18 0.3 % All other international 45 0.5 % 17 0.2 % 28 0.5 % $ 8,529 100.0 % $ 7,146 100.0 % $ 5,937 100.0 % The following table represents the geographic allocation of trading container sales proceeds and gain on sale of owned fleet containers, net during the years ended December 31, 2018, 2017 and 2016 based on the location of sale: Years ended December 31, 2018 Percent of Total 2017 Percent of Total 2016 Percent of Total Trading container sales proceeds: Asia $ 13,117 67.0 % $ 3,349 70.4 % $ 11,647 74.5 % Europe 3,487 17.8 % 593 12.5 % 1,033 6.6 % North / South America 2,893 14.8 % 816 17.2 % 2,948 18.9 % Bermuda  0.0 %  0.0 %  0.0 % All other international 71 0.4 %  0.0 %  0.0 % $ 19,568 100.0 % $ 4,758 100.0 % $ 15,628 100.0 % Gain on sale of owned fleet containers, net: Asia $ 18,593 51.5 % $ 18,321 69.9 % $ 6,015 89.0 % Europe 9,622 26.7 % 2,994 11.4 % 1,576 23.3 % North / South America 7,043 19.5 % 5,002 19.1 % 1,855 27.4 % Bermuda  0.0 %  0.0 %  0.0 % All other international 813 2.3 % (107 ) (0.4 )% (2,685 ) (39.7 )% $ 36,071 100.0 % $ 26,210 100.0 % $ 6,761 100.0 %