SEGMENT REPORTING We manage our business in two reportable segments: Terminalling services and Fleet services. The Terminalling services segment charges minimum monthly commitment fees under multi-year take-or-pay contracts to load and unload various grades of crude oil into and from railcars, as well as fixed fees per gallon to transload ethanol from railcars, including related logistics services. We also facilitate rail-to-pipeline shipments of crude oil. Our Terminalling services segment also charges minimum monthly fees to store crude oil in tanks that are leased to our customers. The Fleet services segment provides customers with railcars and fleet services related to the transportation of liquid hydrocarbons and biofuels under multi-year, take-or-pay contracts. Corporate activities are not considered a reportable segment, but are included to present shared services and financing activities which are not allocated to our established reporting segments. Our segments offer different services and are managed accordingly. Our chief operating decision maker, or CODM, regularly reviews financial information about both segments in order to allocate resources and evaluate performance. Our CODM assesses segment performance based on the cash flows produced by our established reporting segments using Segment Adjusted EBITDA. Segment Adjusted EBITDA is a measure calculated in accordance with GAAP. We define Segment Adjusted EBITDA as Net income (loss) of each segment adjusted for depreciation and amortization, interest, income taxes, changes in contract assets and liabilities, deferred revenues, foreign currency transaction gains and losses and other items which do not affect the underlying cash flows produced by our businesses. As such, we have concluded that disaggregating revenue by reporting segments appropriately depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Three Months Ended September 30, 2020 Terminalling services Fleet services Corporate Total (in thousands) Revenues Terminalling services $ 28,905 $  $  $ 28,905 Terminalling services  related party 1,041   1,041 Fleet leases  related party  984  984 Fleet services  51  51 Fleet services  related party  227  227 Freight and other reimbursables 32 32  64 Freight and other reimbursables  related party  65  65 Total revenues 29,978 1,359  31,337 Operating costs Subcontracted rail services 2,300   2,300 Pipeline fees 5,936   5,936 Freight and other reimbursables 32 97  129 Operating and maintenance 3,375 1,026  4,401 Selling, general and administrative 1,315 197 2,733 4,245 Goodwill impairment loss     Depreciation and amortization 5,430   5,430 Total operating costs 18,388 1,320 2,733 22,441 Operating income (loss) 11,590 39 (2,733) 8,896 Interest expense   2,045 2,045 Loss associated with derivative instruments   1,200 1,200 Foreign currency transaction loss (gain) 46 1 (293) (246) Other income, net (25) (8)  (33) Benefit from income taxes (293) (14)  (307) Net income (loss) $ 11,862 $ 60 $ (5,685) $ 6,237 Three Months Ended September 30, 2019 Terminalling services Fleet services Corporate Total (in thousands) Revenues Terminalling services $ 23,709 $  $  $ 23,709 Terminalling services  related party 4,459   4,459 Fleet leases  related party  984  984 Fleet services  50  50 Fleet services  related party  227  227 Freight and other reimbursables 220 52  272 Freight and other reimbursables  related party  193  193 Total revenues 28,388 1,506  29,894 Operating costs Subcontracted rail services 3,689   3,689 Pipeline fees 5,411   5,411 Freight and other reimbursables 220 245  465 Operating and maintenance 3,934 1,018  4,952 Selling, general and administrative 1,368 218 2,760 4,346 Goodwill impairment loss     Depreciation and amortization 5,300   5,300 Total operating costs 19,922 1,481 2,760 24,163 Operating income (loss) 8,466 25 (2,760) 5,731 Interest expense   3,005 3,005 Loss associated with derivative instruments   220 220 Foreign currency transaction loss (gain) 33 (2) 4 35 Other income, net (45)  (4) (49) Provision for income taxes 406 8  414 Net income (loss) $ 8,072 $ 19 $ (5,985) $ 2,106 Nine Months Ended September 30, 2020 Terminalling services Fleet services Corporate Total (in thousands) Revenues Terminalling services $ 75,449 $  $  $ 75,449 Terminalling services  related party 8,929   8,929 Fleet leases  related party  2,951  2,951 Fleet services  152  152 Fleet services  related party  682  682 Freight and other reimbursables 681 69  750 Freight and other reimbursables  related party  66  66 Total revenues 85,059 3,920  88,979 Operating costs Subcontracted rail services 8,433   8,433 Pipeline fees 17,678   17,678 Freight and other reimbursables 681 135  816 Operating and maintenance 11,067 3,071  14,138 Selling, general and administrative 4,455 723 8,695 13,873 Goodwill impairment loss 33,589   33,589 Depreciation and amortization 16,055   16,055 Total operating costs 91,958 3,929 8,695 104,582 Operating loss (6,899) (9) (8,695) (15,603) Interest expense   7,040 7,040 Loss associated with derivative instruments   4,405 4,405 Foreign currency transaction loss (gain) 53 (2) 761 812 Other income, net (864) (8) (4) (876) Benefit from income taxes (132) (494)  (626) Net income (loss) $ (5,956) $ 495 $ (20,897) $ (26,358) Nine Months Ended September 30, 2019 Terminalling services Fleet services Corporate Total (in thousands) Revenues Terminalling services $ 63,437 $  $  $ 63,437 Terminalling services  related party 15,622   15,622 Fleet leases  related party  2,951  2,951 Fleet services  158  158 Fleet services  related party  682  682 Freight and other reimbursables 741 232  973 Freight and other reimbursables  related party 7 247  254 Total revenues 79,807 4,270  84,077 Operating costs Subcontracted rail services 10,953   10,953 Pipeline fees 15,374   15,374 Freight and other reimbursables 748 479  1,227 Operating and maintenance 7,622 3,051  10,673 Selling, general and administrative 4,628 710 8,882 14,220 Goodwill impairment loss     Depreciation and amortization 15,317   15,317 Total operating costs 54,642 4,240 8,882 67,764 Operating income (loss) 25,165 30 (8,882) 16,313 Interest expense   9,174 9,174 Loss associated with derivative instruments   1,966 1,966 Foreign currency transaction loss (gain) (62) 6 293 237 Other income, net (44)  (8) (52) Provision for income taxes 596 16  612 Net income (loss) $ 24,675 $ 8 $ (20,307) $ 4,376 Segment Adjusted EBITDA The following tables present the computation of Segment Adjusted EBITDA, which is a measure determined in accordance with GAAP, for each of our segments for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, Terminalling Services Segment 2020 2019 2020 2019 (in thousands) Net income (loss) $ 11,862 $ 8,072 $ (5,956) $ 24,675 Interest income (1) (1) (18) (24) (33) Depreciation and amortization 5,430 5,300 16,055 15,317 Provision for (benefit from) income taxes (293) 406 (132) 596 Foreign currency transaction loss (gain) (2) 46 33 53 (62) Loss associated with disposal of assets    50 Goodwill impairment loss   33,589  Other income  (27)  (69) Non-cash deferred amounts (3) (16) 1,435 1,540 1,545 Segment Adjusted EBITDA $ 17,028 $ 15,201 $ 45,125 $ 42,019 (1) Represents interest income associated with our Terminalling Services segment that is included in  Other income, net  in our consolidated statements of operations. (2) Represents foreign exchange transaction amounts associated with activities between our U.S. and Canadian subsidiaries. (3) Represents the change in non-cash contract assets and liabilities associated with revenue recognized at blended rates based on tiered rate structures in certain of our customer contracts and deferred revenue associated with deficiency credits that are expected to be used in the future prior to their expiration. Amounts presented are net of the corresponding prepaid Gibson pipeline fee that will be recognized as expense concurrently with the recognition of revenue. Three Months Ended September 30, Nine Months Ended September 30, Fleet Services Segment 2020 2019 2020 2019 (in thousands) Net income $ 60 $ 19 $ 495 $ 8 Provision for (benefit from) income taxes (14) 8 (494) 16 Interest income (1) (8)  (8)  Foreign currency transaction loss (gain) (2) 1 (2) (2) 6 Segment Adjusted EBITDA $ 39 $ 25 $ (9) $ 30 (1) Represents interest income associated with our Fleet Services segment that is included in  Other income, net  in our consolidated statements of operations. (2) Represents foreign exchange transaction amounts associated with activities between our U.S. and Canadian subsidiaries.