SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2013

SEGMENT REPORTING [Abstract]

Segment Reporting Financial Information

The following table sets out financial information relating the Company’s segments (in thousands):

	Three Months ended June 30,								Six Months ended June 30,
	Service Centers		IPS		SCS		Total		Service Centers		IPS		SCS		Total
2013
Sales	$	217,925	$	52,954	$	37,063	$	307,942	$	428,023	$	94,477	$	75,539	$	598,039
Operating income for reportable segments	$	23,376	$	8,090	$	3,160	$	34,626	$	48,420	$	15,208	$	6,347	$	69,975
2012
Sales	$	184,106	$	35,177	$	42,611	$	261,894	$	359,178	$	74,612	$	80,391	$	514,181
Operating income for reportable segments	$	22,491	$	6,939	$	3,902	$	33,332	$	41,045	$	15,187	$	6,719	$	62,951

Reconciliation of Operating Income for Reportable Segments to Consolidated Income before Taxes

The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Operating income for reportable segments	$	34,626	$	33,332	$	69,975	$	62,951
Adjustment for:
Amortization of intangibles		3,145		2,556		5,787		4,790
Corporate and other expense, net		8,216		9,929		18,219		17,409
Total operating income		23,265		20,847		45,969		40,752
Interest expense, net		1,689		762		3,316		1,591
Other expense (income), net		21		3		22		(12	)
Income before income taxes	$	21,555	$	20,082	$	42,631	$	39,173