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SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2018
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
NOTE 16 - SEGMENT REPORTING

The Company's reportable business segments are: Service Centers, Innovative Pumping Solutions and Supply Chain Services. The Service Centers segment is engaged in providing maintenance, MRO products, equipment and integrated services, including logistics capabilities, to industrial customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products and safety services categories. The Innovative Pumping Solutions segment fabricates and assembles custom-made pump packages, remanufactures pumps and manufactures branded private label pumps. The Supply Chain Services segment provides a wide range of MRO products and manages all or part of a customer's supply chain, including warehouse and inventory management.

The high degree of integration of the Company's operations necessitates the use of a substantial number of allocations and apportionments in the determination of business segment information. Sales are shown net of intersegment eliminations.

The following table sets out financial information related to the Company's segments (in thousands):
 
  
For the Three Months Ended March 31,
 
  
2018
  
2017
 
  
SC
  
IPS
  
SCS
  
Total
  
SC
  
IPS
  
SCS
 Total 
Sales
 
$
175,362
  
$
67,642
  
$
42,932
  
$
285,936
  
$
148,713
  
$
49,058
  
$
40,756
  
$
238,527
 
Amortization
  
2,459
   
1,627
   
272
   
4,358
   
2,250
   
1,795
   
271
   
4,316
 
Income (loss) from operations
  
13,371
   
4,755
   
3,782
   
21,908
   
11,090
   
1,715
   
3,787
   
16,592
 
Income from operations,
excluding amortization
 
$
15,830
  
$
6,382
  
$
4,054
  
$
26,266
  
$
13,340
  
$
3,510
  
$
4,058
  
$
20,908
 
                                 
 
The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):
 
     
Three Months Ended
March 31,
 
  
2018
  
2017
 
Operating income for reportable segments, excluding amortization
 
$
26,266
  
$
20,908
 
Adjustment for:
        
 Amortization of intangible assets
  
4,358
   
4,316
 
 Corporate expense
  
10,759
   
8,356
 
Income from operations
  
11,149
   
8,236
 
Interest expense
  
5,041
   
3,653
 
Other income, net
  
(22
)
  
(228
)
Income before income taxes
 
$
6,130
  
$
4,811