SEGMENT AND GEOGRAPHICAL 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 and equipment, 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 (in thousands):



Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2019
Product sales (recognized at a point in time)	$	703,742	$	—	$	184,767	$	888,509
Inventory management services (recognized over contract life)	—		—		$	16,511	16,511
Staffing services (day-rate basis)	$	58,514	—		—		58,514
Customized pump production (recognized over time)	—		$	303,655	—		303,655
Total Revenue	$	762,256	$	303,655	$	201,278	$	1,267,189
Operating income for reportable segments, excluding amortization	86,778		28,895		14,445		130,118
Identifiable assets at year end	462,663		212,015		56,714		731,392
Capital expenditures	2,333		9,347		922		12,602
Proceeds from sale of fixed assets	35		—		—		35
Depreciation	3,517		4,602		285		8,404
Amortization	8,230		5,855		989		15,074
Interest expense	$	10,786	$	6,747	$	1,965	$	19,498



Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2018
Product sales (recognized at a point in time)	$	685,309	$	—	$	160,770	$	846,079
Inventory management services (recognized over contract life)	—		—		13,686		13,686
Staffing services (day-rate basis)	64,735		—		—		64,735
Customized pump production (recognized over time)	—		291,697		—		291,697
Total Revenue	$	750,044	$	291,697	$	174,456	$	1,216,197
Operating income for reportable segments, excluding amortization	80,718		33,943		16,204		130,865
Identifiable assets at year end	402,944		188,765		53,517		645,226
Capital expenditures	1,655		6,800		296		8,751
Proceeds from sale of fixed assets	3		9		—		12
Depreciation	3,974		4,064		49		8,087
Amortization	9,272		6,237		1,077		16,586
Interest expense	$	11,178	$	7,351	$	2,408	$	20,937



Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2017
Product sales (recognized at a point in time)	$	575,328	$	—	$	147,927	$	723,255
Inventory management services (recognized over contract life)	—		—		13,550		13,550
Staffing services (day-rate basis)	65,947		—		—		65,947
Customized pump production (recognized over time)	—		204,030		—		204,030
Total Revenue	$	641,275	$	204,030	$	161,477	$	1,006,782
Operating income for reportable segments, excluding amortization	63,250		11,423		15,451		90,124
Identifiable assets at year end	385,744		172,538		59,942		618,224
Capital expenditures	1,076		1,488		82		2,646
Depreciation	5,162		4,198		103		9,463
Amortization	8,989		7,194		1,083		17,266
Interest expense	9,712		5,352		1,990		17,054



	Years Ended December 31,
	2019			2018			2017
Operating income for reportable segments, excluding amortization	$	130,118		$	130,865		$	90,124
Adjustments for:
Amortization of intangibles	15,074			16,586			17,266
Corporate and other expense, net	48,922			45,828			39,368
Total operating income	66,122			68,451			33,490
Interest expense	19,498			20,937			17,054
Other expenses (income), net	(45		)	(1,192		)	(456		)
Income before income taxes	$	46,669		$	48,706		$	16,892

The Company had capital expenditures at Corporate of $9.5 million, $0.6 million, and $0.2 million for the years ended December 31, 2019, 2018, and 2017, respectively. The Company had identifiable assets at Corporate of $56.8 million, $54.7 million, and $19.4 million as of December 31, 2019, 2018, and 2017, respectively. Corporate depreciation was $1.7 million, $1.5 million, and $1.8 million for the years ended December 31, 2019, 2018, and 2017, respectively.

Geographical Information

Revenues are presented in geographic area based on location of the facility shipping products or providing services. Long-lived assets are based on physical locations and are comprised of the net book value of property.

The Company’s revenues and property and equipment by geographical location are as follows (in millions):



	Years Ended December 31,
	2019		2018		2017
Revenues
United States	$	1,165	$	1,110	$	903
Canada	102		106		104
Other⁽¹⁾	$	—	$	—	$	—
Total	$	1,267	$	1,216	$	1,007

⁽¹⁾Other includes Mexico and Dubai.



	As of December 31,
	2019		2018
Property and Equipment, net
United States	$	56	$	41
Canada	8		10
Other⁽¹⁾	—		—
Total	$	64	$	51

⁽¹⁾Other includes Dubai.