SEGMENT AND GEOGRAPHICAL REPORTING (Tables)

12 Months Ended

Dec. 31, 2015

SEGMENT AND GEOGRAPHICAL REPORTING [Abstract]

Segment Reporting Financial Information

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

Years Ended December 31,	Service Centers		Innovative Pumping Solutions		Supply Chain Services		Total
2015
Sales	$	826,588	$	254,829	$	165,626	$	1,247,043
Operating income for reportable segments, excluding impairment expense		78,170		21,584		14,213		113,967
Identifiable assets at year end		451,333		159,365		50,012		660,710
Capital expenditures		3,185		8,383		604		12,172
Depreciation		7,734		2,930		227		10,891
Amortization		10,334		8,406		1,881		20,621
Interest expense		2,967		6,881		1,084		10,932
Impairment expense by segment		15,842		52,893		-		68,735
2014
Sales	$	987,561	$	348,134	$	163,967	$	1,499,662
Operating income for reportable segments, excluding impairment expense		107,699		51,162		13,794		172,655
Identifiable assets at year end		568,182		202,228		54,637		825,047
Capital expenditures		4,100		4,043		122		8,265
Depreciation		8,416		2,381		397		11,194
Amortization		11,281		8,993		2,206		22,480
Interest expense		3,422		8,451		924		12,797
Impairment expense by segment		10,210		107,359		-		117,569
2013
Sales	$	884,821	$	209,175	$	147,514	$	1,241,510
Operating income for reportable segments		107,142		33,766		12,490		153,398
Identifiable assets at year end		500,978		66,007		48,049		615,034
Capital expenditures		6,321		357		206		6,884
Depreciation		7,770		446		366		8,582
Amortization		8,574		1,043		2,213		11,830

Reconciliation of Operating Income for Reportable Segments to Consolidated Income before Taxes

	Years Ended December 31,
	2015			2014			2013
Operating income for reportable segments,    excluding impairment expense	$	113,967		$	172,655		$	153,398
Adjustments for:
B27 settlement		7,348			-			-
Impairment expense		68,735			117,569			-
Amortization of intangibles		20,621			22,480			11,830
Corporate and other expense, net		45,179			45,234			40,644
Total operating income (loss)		(27,916	)		(12,628	)		100,924
Interest expense		10,932			12,797			6,282
Other expenses (income), net		72			131			(75	)
Income (loss) before income taxes	$	(38,920	)	$	(25,556	)	$	94,717

Schedule of Revenue by Geographic Area

The Company’s revenues and property and equipment by geographical location are as follows (in thousands):

	Years Ended December 31,
	2015		2014		2013
Revenues
United States	$	1,119,210	$	1,300,493	$	1,075,962
Canada		127,833		195,633		165,548
Other		-		3,536		-
Total	$	1,247,043	$	1,499,662	$	1,241,510

Schedule of Property and Equipment by Geographical Areas

	As of December 31,
	2015		2014
Property and Equipment, net
United States	$	53,695	$	49,013
Canada		14,724		20,966
Dubai		84		-
Total	$	68,503	$	69,979