SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2016

SEGMENT REPORTING [Abstract]

Segment Reporting Financial Information

The following table sets out financial information relating the Company’s segments (in thousands):

	Three Months ended March 31,
	Service Centers		IPS		SCS		Total
2016
Sales	$	167,502	$	47,431	$	38,628	$	253,561
Operating income for reportable segments	$	9,536	$	306	$	3,480	$	13,322
2015
Sales	$	225,792	$	74,263	$	41,539	$	341,594
Operating income for reportable segments	$	22,866	$	8,626	$	3,279	$	34,771

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,
	2016			2015
Operating income for reportable segments	$	13,322		$	34,771
Adjustment for:
Amortization of intangibles		4,528			5,358
Corporate expense		10,796			11,314
Total operating income (loss)		(2,002	)		18,099
Interest expense		3,409			2,683
Other expense (income), net		(155	)		(249	)
Income (loss) before income taxes	$	(5,256	)	$	15,665