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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company's reportable business segments are: Service Centers ("SC"), Innovative Pumping Solutions ("IPS"), and Supply Chain Services ("SCS").

The Service Centers segment is engaged in providing MRO products, equipment and integrated services, including logistics capabilities, to business-to-business customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, industrial supply, safety products and safety services categories.
The Innovative Pumping Solutions segment fabricates and assembles custom-made pump packages, re-manufactures pumps, manufactures branded private label pumps and provides products and process lines for the water and wastewater treatment industries.

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.

Sales are shown net of inter-segment eliminations.

Our chief operating decision maker ("CODM") is the Chief Executive Officer. The Company's CODM directs the allocation of resources to operating or business segments based on revenue and operating income of each respective segment.

As a part of the Company's annual business planning, the CODM reviews our reportable segment composition and financial performance. As a result of this review, on January 1st, 2024, we moved certain branch locations previously reported under our IPS segment to our SC segment. Prior period segment disclosures have been recast.

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,
 2024202320242023
Sales  
Service Centers$306,516 $313,806 $594,952 $619,619 
Innovative Pumping Solutions73,377 48,067 135,592 99,478 
Supply Chain Services 65,663 66,167 127,647 133,210 
Total Sales$445,556 $428,040 $858,191 $852,307 
Operating Income
Service Centers$43,855 $46,823 $84,175 $92,637 
Innovative Pumping Solutions13,366 6,760 20,336 15,956 
Supply Chain Services5,823 5,416 11,085 10,930 
Total Segments Operating Income $63,044 $58,999 $115,596 $119,523 

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,
 2024202320242023
Income from operations for reportable segments$63,044 $58,999 $115,596 $119,523 
Adjustment for:
Amortization of intangible assets4,719 4,582 9,088 9,340 
Corporate expenses20,973 16,937 40,025 37,304 
Income from operations$37,352 $37,480 66,483 72,879 
Interest expense15,384 11,863 30,928 23,384 
Other income, net
(1,035)(242)(3,004)(712)
Income before income taxes$23,003 $25,859 $38,559 $50,207