SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2014

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
2014
Sales	$	248,839	$	90,575	$	42,189	$	381,603	$	480,063	$	170,456	$	79, 588	$	730,107
Operating income for reportable segments	$	25,486	$	15,800	$	3,579	$	44,865	$	49,911	$	25,350	$	6,703	$	81,964
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

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,
	2014		2013		2014			2013
Operating income for reportable segments	$	44,865	$	34,626	$	81,964		$	69,975
Adjustment for:
Amortization of intangibles		4,653		3,145		9,223			5,787
Corporate and other expense, net		11,813		8,216		22,181			18,219
Total operating income		28,399		23,265		50,560			45,969
Interest expense, net		3,176		1,689		6,573			3,316
Other expense (income), net		141		21		(9	)		22
Income before income taxes	$	25,082	$	21,555	$	43,996		$	42,631