SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2016

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

	For the Three Months Ended September 30,
	2016									2015
	SC		IPS			SCS		Total		SC		IPS		SCS		Total
Sales	$	152,018	$	39,830		$	38,177	$	230,025	$	199,306	$	61,458	$	42,316	$	303,080
Amortization		2,292		1,956			271		4,519		2,627		2,097		516		5,240
Income (loss) from operations		11,053		(326	)		3,658		14,385		15,330		4,042		3,305		22,677
Income from operations, excluding amortization	$	13,345	$	1,630		$	3,929	$	18,904	$	17,957	$	6,139	$	3,821	$	27,917

	For the Nine Months Ended September 30,
	2016								2015
	SC		IPS		SCS		Total		SC		IPS		SCS		Total
Sales	$	481,352	$	141,614	$	116,835	$	739,801	$	639,212	$	202,627	$	126,523	$	968,362
Amortization		6,871		5,874		812		13,557		7,988		6,312		1,607		15,907
Income from operations		28,608		1,549		10,799		40,956		53,955		14,365		9,228		77,548
Income from operations, excluding amortization	$	35,479	$	7,423	$	11,611	$	54,513	$	61,943	$	20,677	$	10,835	$	93,445

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Operating income for reportable segments, excluding amortization	$	18,904		$	27,917		$	54,513		$	93,455
Adjustment for:
B27 settlement		-			7,348			-			7,348
Impairment		-			58,888			-			58,888
Amortization of intangible assets		4,519			5,240			13,557			15,907
Corporate expense		9,452			12,053			29,176			34,830
Income (loss) from operations		4,933			(55,612	)		11,780			(23,518	)
Interest expense		4,338			2,630			11,698			7,905
Other expense (income), net		(251	)		327			(397	)		(67	)
Income (loss) before income taxes	$	846		$	(58,569	)	$	479		$	(31,356	)