SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2015

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
2015
Sales	$ 214,116	$    66,905	$    42,667	$   323,688	$    439,907	$ 141,169	$    84,206	$    665,282
Operating income for reportable segments	$   21,119	$     5,912	$      3,736	$    30,767	$     43,985	$   14,539	$      7,014	$      65,538
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

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,
	2015	2014	2015	2014
Operating income for reportable segments	$     30,767	$    44,865	$      65,538	$    81,964
Adjustment for:
Amortization of intangibles	5,309	5,660	10,667	11,237
Corporate expense	11,463	11,813	22,777	22,181
Total operating income	13,995	27,392	32,094	48,546
Interest expense	2,592	3,176	5,275	6,573
Other expense (income), net	(145)	141	(394)	(9)
Income before income taxes	$    11,548	$    24,075	$     27,213	$   41,982