SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Sales
Service Centers	$	294,458	$	260,083	$	888,116	$	729,977
Innovative Pumping Solutions	58,963		59,044		184,402		169,890
Supply Chain Services	65,828		68,187		199,038		174,670
Total Sales	$	419,249	$	387,314	$	1,271,556	$	1,074,537

Operating Income
Service Centers	$	41,441	$	35,718	$	130,274	$	95,437
Innovative Pumping Solutions	11,155		7,327		31,638		23,122
Supply Chain Services	5,593		5,332		16,522		14,311
Total Segments Operating Income	$	58,189	$	48,377	$	178,434	$	132,870

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022

Income from operations for reportable segments	$	58,189	$	48,377	$	178,434	$	132,870
Adjustment for:
Amortization of intangible assets	5,866		5,132		15,206		13,958
Corporate expenses	16,467		16,706		54,493		44,894
Income from operations	$	35,856	$	26,539	108,735		74,018
Interest expense	12,684		6,833		36,068		17,610
Other (income) expense, net	1,234		1,565		522		2,941
Income before income taxes	$	21,938	$	18,141	$	72,145	$	53,467