VSE Corporation Annual report pursuant to Section 13 and 15(d)

Business Segments and Customer Information (Tables)

12 Months Ended

Dec. 31, 2016

Our segment information is as follows (in thousands):



For the years ended December 31,
	2016			2015			2014
Revenues
Supply Chain Management Group	$	205,475		$	196,772		$	172,482
Aviation Group	133,466			119,729			—
Federal Services Group	306,109			166,973			190,761
IT, Energy and Management Consulting Group	46,740			50,508			60,828
Total revenues	$	691,790		$	533,982		$	424,071

Operating income:
Supply Chain Management Group	$	34,632		$	35,453		$	29,694
Aviation Group	12,823			10,635			—
Federal Services Group	4,185			2,071			3,452
IT, Energy and Management Consulting Group	3,611			4,731			6,634
Corporate	(3,722		)	(2,351		)	(2,850		)
Operating income	$	51,529		$	50,539		$	36,930

Depreciation and amortization expense:
Supply Chain Management Group	$	6,445		$	7,074		$	5,373
Aviation Group	5,461			5,865			—
Federal Services Group	12,752			10,635			11,320
IT, Energy and Management Consulting Group	1,388			1,967			2,077
Total depreciation and amortization	$	26,046		$	25,541		$	18,770

Capital expenditures:
Supply Chain Management Group	$	4,195		$	7,544		$	2,524
Aviation Group	1,459			959			—
Federal Services Group	85			78			230
IT, Energy and Management Consulting Group	9			16			199
Corporate	1,624			1,965			461
Total capital expenditures	$	7,372		$	10,562		$	3,414



	December 31,
	2016		2015
Total assets:
Supply Chain Management Group	$	185,004	$	188,352
Aviation Group	291,500		263,226
Federal Services Group	60,506		38,772
IT, Energy and Management Consulting Group	47,043		47,000
Corporate	77,786		80,004
Total assets	$	661,839	$	617,354

Our revenue by customer is as follows for the years ended December 31, (in thousands):



	Revenues by Customer Years ended December 31,
Customer	2016		%	2015		%	2014		%
U. S. Postal Service	$	181,215	26.2	$	184,876	34.6	$	167,268	39.4

U.S. Navy	190,155		27.5	98,887		18.5	88,007		20.7
U.S. Army	139,764		20.2	80,086		15.0	101,714		24.0
U.S. Air Force	3,482		0.5	3,558		0.7	3,323		0.8
Total - DoD	333,401		48.2	182,531		34.2	193,044		45.5

Commercial Aviation	131,067		19.0	119,729		22.4	—		—
Other Commercial	10,721		1.5	4,653		0.9	3,680		0.9
Total - Commercial	141,788		20.5	124,382		23.3	3,680		0.9

Department of Energy	11,708		1.7	16,020		3.0	19,000		4.5
Social Security Administration	9,762		1.4	9,666		1.8	10,153		2.4
Other Government	13,916		2.0	16,507		3.1	30,926		7.3
Total - Other Civilian Agencies	35,386		5.1	42,193		7.9	60,079		14.2

Total	$	691,790	100.0	$	533,982	100.0	$	424,071	100.0

Revenue by geography is based on the billing address of the customer. Our revenue by geographic area is as follows (in thousands):

(1) No individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented.