SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Financial Information Related to Company's Segments

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

Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2022
Total Revenue	$	1,009,356	$	231,102	$	240,374	$	1,480,832
Operating income for reportable segments, excluding adjustments	127,174		30,037		19,530		176,741
Identifiable assets at year end	746,548		144,352		90,480		981,380
Capital expenditures	1,419		2,506		43		3,968
Depreciation	3,038		4,549		144		7,731
Amortization	12,294		6,621		—		18,915

 

Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2021
Total Revenue	$	816,496	$	139,591	$	157,834	$	1,113,921
Operating income for reportable segments, excluding adjustments	98,931		12,070		11,963		122,964
Identifiable assets at year end	642,184		134,374		44,684		821,242
Capital expenditures	999		2,574		25		3,598
Depreciation	3,475		4,270		389		8,134
Amortization	11,107		6,090		—		17,197

 

Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2020
Total Revenue	$	662,617	$	187,991	$	154,658	$	1,005,266
Operating income for reportable segments, excluding adjustments	71,834		16,882		12,804		101,520
Identifiable assets at year end	564,921		130,505		56,721		752,147
Capital expenditures	1,254		4,457		—		5,711
Depreciation	3,299		4,441		387		8,127
Amortization	6,989		5,298		—		12,287

Schedule of Reconciliation of Operating Income for Reportable Segments to Consolidated Income Before Taxes

	Years Ended December 31,
	2022		2021		2020
Operating income for reportable segments, excluding adjustments	$	176,741	$	122,964	$	101,520
Adjustments for:
Amortization of intangibles	18,915		17,197		12,287
Impairment and other charges	—		—		59,883
Corporate and other expense, net	60,074		65,910		57,018
Total operating income	$	97,752	$	39,857	$	(27,668)
Interest expense	29,135		21,089		20,571
Other expenses (income), net	2,716		(414)		74
Income before income taxes	$	65,901	$	19,182	$	(48,313)