SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

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
2023
Total Revenue	$	1,145,082	$	273,150	$	260,368	$	1,678,600
Operating income for reportable segments, excluding adjustments	163,877		44,260		21,524		229,661
Identifiable assets at year end	697,438		226,621		62,610		986,669
Capital expenditures	8,837		1,786		—		10,623
Depreciation	2,705		3,726		27		6,458
Amortization	12,266		5,965		—		18,231

 

Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2022
Total Revenue	$	1,009,356	$	231,102	$	240,374	$	1,480,832
Operating income for reportable segments, excluding adjustments	127,174		30,037		19,530		176,741
Identifiable assets at year end	746,548		144,352		90,480		981,380
Capital expenditures	1,419		2,506		43		3,968
Depreciation	3,038		4,549		144		7,731
Amortization	12,294		6,621		—		18,915

Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2021
Total Revenue	$	816,496	$	139,591	$	157,834	$	1,113,921
Operating income for reportable segments, excluding adjustments	98,931		12,070		11,963		122,964
Identifiable assets at year end	642,184		134,374		44,684		821,242
Capital expenditures	999		2,574		25		3,598
Depreciation	3,475		4,270		389		8,134
Amortization	11,107		6,090		—		17,197

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

	Years Ended December 31,
	2023		2022		2021
Operating income for reportable segments, excluding adjustments	$	229,661	$	176,741	$	122,964
Adjustments for:
Amortization of intangibles	18,231		18,915		17,197
Corporate and other expense, net	72,708		60,074		65,910
Total operating income	$	138,722	$	97,752	$	39,857
Interest expense	53,146		29,135		21,089
Other expenses (income), net	(1,355)		2,716		(414)
Income before income taxes	$	86,931	$	65,901	$	19,182