SEGMENT DATA

12 Months Ended

Dec. 31, 2011

SEGMENT DATA [Abstract]

SEGMENT DATA

14. SEGMENT DATA:

The Service Centers segment is engaged in providing maintenance, repair and operating products, equipment and services, including logistics capabilities, to industrial customers.  The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission equipment, fastener, industrial supplies, metal working and safety product categories.  The Innovative Pumping Solutions segment fabricates and assembles custom-made engineered pump packages.  The Supply Chain Services segment manages all or part of customers' supply chains, including inventory.

The high degree of integration of the Company's operations necessitates the use of a substantial number of allocations and apportionments in the determination of business segment information.  Sales are shown net of intersegment eliminations.

Financial information relating to the Company's segments is as follows (in thousands):

	Service Centers	Innovative Pumping Solutions	Supply Chain Services	Total
2011
Sales	$560,233	$102,305	$144,467	$807,005
Operating income for reportable segments	64,491	16,920	8,455	89,866
Identifiable assets at year end	293,925	51,058	58,192	403,175
Capital expenditures	3,713	310	73	4,096
Depreciation	2,908	326	276	3,510
Amortization	4,725	675	1,172	6,572
Interest expense	2,073	986	459	3,518
2010
Sales	$452,719	$ 77,024	$126,459	$656,202
Operating income for reportable segments	50,549	10,335	7,120	68,004
Identifiable assets at year end	234,773	40,038	45,813	320,624
Capital expenditures	1,075	17	92	1,184
Depreciation	2,987	368	389	3,744
Amortization	4,055	604	1,165	5,824
Interest expense	4,115	700	393	5,208
2009
Sales	$391,060	$ 55,913	$136,253	$583,226
Operating income for reportable segments	24,398	7,519	5,548	37,465
Identifiable assets at year end	199,937	22,604	48,386	270,927
Capital expenditures	1,475	29	89	1,593
Depreciation	3,458	348	454	4,260
Amortization	5,683	338	1,195	7,216
Interest expense	3,890	831	524	5,245

	Years Ended December 31,
	2009	2010	2011
Operating income for reportable segments	$  37,465	$  68,004	$  89,866
Adjustment for:
Amortization of intangibles	7,216	5,824	6,572
Impairment of goodwill and other intangibles	52,951	-	-
Corporate and other expense, net	26,630	25,089	27,809
Total operating income (loss)	(49,332)	37,091	55,485
Interest expense, net	5,245	5,208	3,518
Other expenses (income), net	(95)	(249)	(28)
Income (loss) before income taxes	$(54,482)	$  32,132	$  51,995