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SEGMENT REPORTING
3 Months Ended
Mar. 31, 2020
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, 2020
 
 
SC
 
IPS
 
SCS
 
Total
 
Product sales (recognized at a point in time)
$
169,795

 
$

 
$
44,152

 
$
213,947

 
Inventory management services (recognized over contract life)

 

 
4,225

 
$
4,225

 
Staffing services (day-rate basis)
12,790

 

 

 
$
12,790

 
Customized pump production (recognized over time)

 
70,021

 

 
$
70,021

 
Total Revenue
$
182,585

 
$
70,021

 
$
48,377

 
$
300,983

 
Income from operations
$
16,926

 
$
10,428

 
$
3,755

 
$
31,109

 

 
 
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

 


The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):
 
Three Months Ended March 31,
 
2020
 
2019
Operating income for reportable segments
$
31,109

 
$
29,865

Adjustment for:
 
 
 
Amortization of intangible assets
3,197

 
3,814

Corporate expenses
16,997

 
11,235

Income from operations
$
10,915

 
$
14,816

Interest expense
4,377

 
5,040

Other income, net
(834
)
 
(33
)
Income before income taxes
$
7,372

 
$
9,809