SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Financial Information Regarding Company's Segments

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Sales
Service Centers	$	298,432	$	251,098	$	593,658	$	469,894
Innovative Pumping Solutions	63,441		57,788		125,439		110,846
Supply Chain Services	66,167		58,926		133,210		106,483
Total Sales	$	428,040	$	367,812	$	852,307	$	687,223

Operating Income
Service Centers	$	44,129	$	32,368	$	88,834	$	59,719
Innovative Pumping Solutions	10,178		8,726		20,483		15,795
Supply Chain Services	5,416		4,958		10,929		8,978
Total Segments Operating Income	$	59,723	$	46,052	$	120,246	$	84,492

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

The following table presents reconciliations of income from operations for reportable segments to the consolidated income before taxes (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022

Income from operations for reportable segments	$	59,723	$	46,052	$	120,246	$	84,492
Adjustment for:
Amortization of intangible assets	4,582		4,591		9,340		8,826
Corporate expenses	17,661		15,541		38,027		28,186
Income from operations	$	37,480	$	25,920	72,879		47,480
Interest expense	11,863		5,615		23,384		10,777
Other (income) expense, net	(242)		839		(712)		1,377
Income before income taxes	$	25,859	$	19,466	$	50,207	$	35,326