SEGMENT AND GEOGRAPHICAL REPORTING (Tables)

12 Months Ended

Dec. 31, 2016

SEGMENT AND GEOGRAPHICAL REPORTING [Abstract]

Segment Reporting Financial Information

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

Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2016
Sales	$	621,007	$	187,124	$	153,961	$	962,092
Operating income for reportable segments, excluding amortization		47,634		9,867		15,449		72,950
Identifiable assets at year end		370,261		175,198		44,796		590,255
Capital expenditures		447		3,827		129		4,403
Proceeds from sale of fixed assets		1,038		168		-		1,206
Depreciation		6,520		3,834		126		10,480
Amortization		9,152		7,826		1,083		18,061
Interest expense		9,290		4,422		1,852		15,564
2015
Sales	$	826,588	$	254,829	$	165,626	$	1,247,043
Operating income for reportable segments, excluding impairment expense		78,170		21,584		14,213		113,967
Identifiable assets at year end		451,333		159,365		50,012		660,710
Capital expenditures		3,185		8,383		604		12,172
Depreciation		7,734		2,930		227		10,891
Amortization		10,334		8,406		1,881		20,621
Interest expense		2,967		6,881		1,084		10,932
Impairment expense by segment		15,842		52,893		-		68,735
2014
Sales	$	987,561	$	348,134	$	163,967	$	1,499,662
Operating income for reportable segments, excluding impairment expense		107,699		51,162		13,794		172,655
Identifiable assets at year end		568,182		202,228		54,637		825,047
Capital expenditures		4,100		4,043		122		8,265
Depreciation		8,416		2,381		397		11,194
Amortization		11,281		8,993		2,206		22,480
Interest expense		3,422		8,451		924		12,797
Impairment expense by segment		10,210		107,359		-		117,569

Reconciliation of Operating Income for Reportable Segments to Consolidated Income before Taxes

	Years Ended December 31,
	2016			2015			2014
Operating income for reportable segments,    excluding impairment expense	$	72,950		$	113,967		$	172,655
Adjustments for:
B27 settlement		-			7,348			-
Impairment expense		-			68,735			117,569
Amortization of intangibles		18,061			20,621			22,480
Corporate and other expense, net		35,557			45,179			45,234
Total operating income (loss)		19,332			(27,916	)		(12,628	)
Interest expense		15,564			10,932			12,797
Other expenses (income), net		(5,906	)		72			131
Income (loss) before income taxes	$	9,674		$	(38,920	)	$	(25,556	)

Schedule of Revenue by Geographic Area

The Company’s revenues and property and equipment by geographical location are as follows (in thousands):

	Years Ended December 31,
	2016		2015		2014
Revenues
United States	$	873,926	$	1,119,210	$	1,300,493
Canada		88,166		127,833		195,633
Other		-		-		3,536
Total	$	962,092	$	1,247,043	$	1,499,662

Schedule of Property and Equipment by Geographical Areas

	As of December 31,
	2016		2015
Property and Equipment, net
United States	$	48,635	$	53,695
Canada		12,172		14,724
Dubai		-		84
Total	$	60,807	$	68,503