SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2025

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,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2025
Total Revenue	$	327,075	$	86,182	$	63,312	$	476,569
Operating income for reportable segments	47,045		13,406		5,564		66,015
Identifiable assets at year end	782,602		319,897		88,481		1,190,980
Capital expenditures	2,037		574		—		2,611
Depreciation	937		795		8		1,740
Amortization of finance leases	$	1,137	$	192	$	41	$	1,370

Three Months Ended March 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2024
Total Revenue	$	288,435	$	62,216	$	61,984	$	412,635
Operating income for reportable segments	40,320		6,970		5,262		52,552
Identifiable assets at year end	666,756		261,967		86,850		1,015,573
Capital expenditures	906		640		13		1,559
Depreciation	742		853		8		1,603
Amortization of finance leases	$	772	$	94	$	30	$	896

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

The following table presents reconciliations of income from operations for reportable segments to the consolidated income before taxes (in thousands):

	Three Months Ended March 31,
	2025		2024
Income from operations for reportable segments	$	66,015	$	52,552
Adjustment for:
Amortization of intangible assets	5,355		4,369
Corporate expenses	20,145		19,052
Income from operations	$	40,515	$	29,131
Interest expense	14,660		15,544
Other income, net	(1,318)		(1,968)
Income before income taxes	$	27,173	$	15,555