SEGMENT AND GEOGRAPHICAL REPORTING (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Financial Information Related to Company's Segments

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

Schedule of Reconciliation of Operating Income for Reportable Segments to Consolidated Income Before Taxes

	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

Schedule of Revenues by Reporting Segment

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

Schedule of Property, Plant and Equipment by Reporting Segment

	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.