SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2014

SEGMENT REPORTING [Abstract]

Segment Reporting Financial Information

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

	Three Months ended September 30,				Nine Months ended September 30,
	Service Centers	IPS	SCS	Total	Service Centers	IPS	SCS	Total
2014
Sales	$ 255,041	$   88,614	$   43,398	$ 387,053	$   735,104	$ 259,070	$  122,986	$ 1,117,160
Operating income for reportable segments	$   29,444	$   14,979	$     3,721	$   48,144	$     79,356	$   40,328	$    10,424	$    130,108
2013
Sales	$ 232,529	$  61,094	$   36,096	$ 329,719	$  660,552	$ 155,572	$  111,634	$   927,758
Operating income for reportable segments	$   27,557	$    9,059	$     3,202	$   39,818	$    75,976	$   24,267	$      9,550	$   109,793

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,
	2014	2013	2014	2013
Operating income for reportable segments	$    48,144	$      39,818	$   130,108	$     109,793
Adjustment for:
Amortization of intangibles	4,651	3,434	13,874	9,221
Corporate and other expense, net	11,689	9,486	33,870	27,705
Total operating income	31,804	26,898	82,364	72,867
Interest expense, net	3,295	1,614	9,868	4,930
Other expense (income), net	10	(38)	1	(16)
Income before income taxes	$   28,499	$      25,322	$    72,495	$    67,953