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SEGMENT REPORTING
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
SEGMENT REPORTING
SEGMENT REPORTING

The Company's reportable business segments are: Service Centers, Innovative Pumping Solutions and Supply Chain Services. The Service Centers segment is engaged in providing maintenance, MRO products, equipment and integrated services, including logistics capabilities, to industrial customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products and safety services categories. The Innovative Pumping Solutions segment fabricates and assembles custom-made pump packages, remanufactures pumps and manufactures branded private label pumps. The Supply Chain Services segment provides a wide range of MRO products and manages all or part of a customer's supply chain, including warehouse and inventory management.

The high degree of integration of the Company's operations necessitates the use of a substantial number of allocations and apportionments in the determination of business segment information. Sales are shown net of intersegment eliminations.









The following table sets out financial information related to the Company's segments excluding amortization (in thousands):

Three Months Ended March 31, 2019
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
171,668

 
$

 
$
46,385

 
$
218,053

Inventory management services (recognized over contract life)

 

 
3,938

 
3,938

Staffing services (day-rate basis)
14,511

 

 

 
14,511

Customized pump production (recognized over time)

 
74,723

 

 
74,723

Total Revenue
$
186,179

 
$
74,723

 
$
50,323

 
$
311,225

Income from operations
$
18,980

 
$
6,799

 
$
4,086

 
$
29,865



Three Months Ended March 31, 2018
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
160,544

 
$

 
$
39,702

 
$
200,246

Inventory management services (recognized over contract life)

 

 
3,230

 
3,230

Staffing services (day-rate basis)
14,818

 

 

 
14,818

Customized pump production (recognized over time)

 
67,642

 

 
67,642

Total Revenue
$
175,362

 
$
67,642

 
$
42,932

 
$
285,936

Income from operations
$
15,830

 
$
6,382

 
$
4,054

 
$
26,266



The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):
 
Three Months Ended
March 31,
 
2019
 
2018
Operating income for reportable segments
$
29,865

 
$
26,266

Adjustment for:
 
 
 
Amortization of intangible assets
3,814

 
4,358

Corporate expenses
11,235

 
10,759

Income from operations
$
14,816

 
$
11,149

Interest expense
5,040

 
5,041

Other income, net
(33
)
 
(22
)
Income before income taxes
$
9,809

 
$
6,130