SEGMENT AND GEOGRAPHICAL REPORTING (Tables)

12 Months Ended

Dec. 31, 2013

SEGMENT AND GEOGRAPHICAL REPORTING [Abstract]

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

Years Ended December 31,	Service Centers	Innovative Pumping Solutions	Supply Chain Services	Total
2013
Sales	$884,821	$209,175	$147,514	$1,241,510
Operating income for reportable segments	107,142	33,766	12,490	153,398
Identifiable assets at year end	500,978	66,007	48,049	615,034
Capital expenditures	6,321	357	206	6,884
Depreciation	7,770	446	366	8,582
Amortization	8,574	1,043	2,213	11,830
Interest expense	3,762	1,636	884	6,282

2012
Sales	$779,038	$161,834	$156,238	$1,097,110
Operating income for reportable segments	88,924	32,099	12,495	133,518
Identifiable assets at year end	440,271	56,982	50,515	547,768
Capital expenditures	4,829	261	-	5,090
Depreciation	5,734	306	175	6,215
Amortization	8,795	663	1,428	10,886
Interest expense	3,701	1,243	616	5,560

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	294,410	43,636	56,058	394,104
Capital expenditures	1,258	310	73	1,641
Depreciation	2,090	326	276	2,692
Amortization	4,725	675	1,172	6,572
Interest expense	2,073	986	459	3,518

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

	Years Ended December 31,
	2013	2012	2011
Operating income for reportable segments	$ 153,398	$ 133,518	$ 89,866
Adjustments for:
Amortization of intangibles	11,830	10,886	6,572
Corporate and other expense, net	40,644	32,110	27,809
Total operating income	100,924	90,522	55,485
Interest expense	6,282	5,560	3,518
Other expenses (income), net	(75)	(47)	(28)
Income before income taxes	$ 94,717	$ 85,009	$ 51,995

Schedule of revenue by geographic area

The Company’s revenues and property and equipment by geographical location are as follow (in thousands):

	Years Ended December 31,
	2013	2012	2011
Revenues
United States	$1,075,962	$1,039,712	$ 807,005
Canada	165,548	57,398	-
Total	$1,241,510	$1,097,110	$ 807,005

Schedule of property and equipment by geographical areas

	As of December 31,
	2013	2012
Property and Equipment, net
United States	$ 32,878	$ 31,334
Canada	25,375	27,379
Total	$58,253	$58,713

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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