XML 39 R28.htm IDEA: XBRL DOCUMENT v3.20.1
SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Financial Information Regarding Company's Segments
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

 

Schedule of 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 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