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SEGMENT REPORTING
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
SEGMENT REPORTING
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 excluding amortization (in thousands):

 
Three Months Ended June 30,
 
2019
 
2018
 
SC
 
IPS
 
SCS
 
Total
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
184,444

 
$

 
$
48,385

 
$
232,829

 
$
176,191

 
$

 
$
40,127

 
$
216,318

Inventory management services (recognized over contract life)

 

 
3,927

 
$
3,927

 

 

 
3,267

 
$
3,267

Staffing services (day-rate basis)
15,534

 

 

 
$
15,534

 
17,385

 

 

 
$
17,385

Customized pump production (recognized over time)

 
81,028

 

 
$
81,028

 

 
74,257

 

 
$
74,257

Total Revenue
$
199,978

 
$
81,028

 
$
52,312

 
$
333,318

 
$
193,576

 
$
74,257

 
$
43,394

 
$
311,227

Income from operations
$
23,230

 
$
12,028

 
$
3,784

 
$
39,042

 
$
21,933

 
$
8,956

 
$
4,255

 
$
35,144


 
Six Months Ended June 30,
 
2019
 
2018
 
SC
 
IPS
 
SCS
 
Total
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
356,112

 
$

 
$
94,770

 
$
450,882

 
$
336,734

 
$

 
$
79,830

 
$
416,564

Inventory management services (recognized over contract life)

 

 
7,865

 
$
7,865

 

 

 
6,497

 
$
6,497

Staffing services (day-rate basis)
30,045

 

 

 
$
30,045

 
32,203

 

 

 
$
32,203

Customized pump production (recognized over time)

 
155,751

 

 
$
155,751

 

 
141,899

 

 
$
141,899

Total Revenue
$
386,157

 
$
155,751

 
$
102,635

 
$
644,543

 
$
368,937

 
$
141,899

 
$
86,327

 
$
597,163

Income from operations
$
42,210

 
$
18,827

 
$
7,870

 
$
68,907

 
37,762

 
15,338

 
8,309

 
$
61,409



The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Operating income for reportable segments
$
39,042

 
$
35,144

 
$
68,907

 
$
61,409

Adjustment for:
 
 
 
 
 
 
 
Amortization of intangible assets
3,803

 
4,119

 
7,617

 
8,477

Corporate expenses
12,392

 
10,965

 
23,627

 
21,723

Income from operations
$
22,847

 
$
20,060

 
37,663

 
31,209

Interest expense
4,885

 
6,137

 
9,925

 
11,178

Other income, net
185

 
(1,416
)
 
152

 
(1,438
)
Income before income taxes
$
17,777

 
$
15,339

 
$
27,586

 
$
21,469