SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2014

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

			Three Months ended March 31,
	Service Centers		IPS		SCS		Total
2014
Sales	$	231,224	$	79,881	$	37,399	$	348,504
Operating income for reportable segments	$	24,425	$	9,549	$	3,125	$	37,099

2013
Sales	$	210,091	$	41,523	$	38,483	$	290,097
Operating income for reportable segments	$	25,047	$	7,117	$	3,185	$	35,349

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 March 31,
	2014			2013
Operating income for reportable segments	$	37,099		$	35,349
Adjustment for:
Amortization of intangibles		4,570			2,642
Corporate and other expense, net		10,368			10,003
Total operating income		22,161			22,704
Interest expense, net		3,397			1,627
Other expense (income), net		(150	)		1
Income before income taxes	$	18,914		$	21,076

- 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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