SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 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 September 30,
	2020								2019
	SC		IPS		SCS		Total		SC		IPS		SCS		Total
Product sales1	$	143,767	$	—	$	29,360	$	173,127	$	178,841	$	—	$	46,998	$	225,839
Inventory services2	—		—		4,057		$	4,057	—		—		4,284		$	4,284
Staffing services3	21,133		—		—		$	21,133	14,886		—		—		$	14,886
Pump production4	—		21,876		—		$	21,876	—		82,169		—		$	82,169
Total Revenue	$	164,900	$	21,876	$	33,417	$	220,193	$	193,727	$	82,169	$	51,282	$	327,178
Income (loss) from operations5	$	22,151	$	(2,913)	$	2,900	$	22,138	$	25,071	$	10,097	$	3,110	$	38,278

	Nine Months Ended September 30,
	2020								2019
	SC		IPS		SCS		Total		SC		IPS		SCS		Total
Product sales1	$	457,848	$	—	$	106,500	$	564,348	$	534,953	$	—	$	141,768	$	676,721
Inventory services2	—		—		12,368		$	12,368	—		—		12,149		$	12,149
Staffing services3	43,485		—		—		$	43,485	44,931		—		—		$	44,931
Pump production4	—		152,376		—		$	152,376	—		237,920		—		$	237,920
Total Revenue	$	501,333	$	152,376	$	118,868	$	772,577	$	579,884	$	237,920	$	153,917	$	971,721
Income from operations 5	$	52,742	$	16,080	$	10,008	$	78,830	$	67,281	$	28,924	$	10,980	$	107,185

1Product sales that are recognized at a point in time.

2 Inventory management services that are recognized over the contract life.

3Staffing services that are invoiced on a day-rate basis.

4Custom pump production that is recognized over time.

5Excludes impairment expense and other charges of $26.2 million for IPS and $22.2 million for Service Centers.

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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Operating income for reportable segments	$	22,138	$	38,278	$	78,830	$	107,185
Adjustment for:
Amortization of intangible assets	3,053		3,806		9,296		11,423
Impairment and other charges	48,401		—		48,401		—
Corporate expenses	11,530		12,755		44,311		36,382
Income (loss) from operations	$	(40,846)	$	21,717	(23,178)		59,380
Interest expense	3,752		4,986		12,059		14,911
Other (income) expense, net	320		(25)		(381)		127
Income (loss) before income taxes	$	(44,918)	$	16,756	$	(34,856)	$	44,342