SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2015

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

	Three Months ended March 31,
	Service Centers	IPS	SCS	Total
2015
Sales	$ 225,792	$ 74,263	$ 41,539	$ 341,594
Operating income for reportable segments	$ 22,866	$ 8,626	$ 3,279	$ 34,771

2014
Sales	$ 231,224	$ 79,881	$ 37,399	$ 348,504
Operating income for reportable segments	$ 24,425	$ 9,549	$ 3,125	$ 37,099

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,
	2015	2014
Operating income for reportable segments	$ 34,771	$ 37,099
Adjustment for:
Amortization of intangibles	5,358	5,577
Corporate and other expense, net	11,314	10,368
Total operating income	18,099	21,154
Interest expense, net	2,683	3,397
Other expense (income), net	(249)	(150)
Income before income taxes	$ 15,665	$ 17,907

- 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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