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SEGMENT DATA | 12 Months Ended
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Dec. 31, 2011
SEGMENT DATA [Abstract] |
SEGMENT DATA | 14. SEGMENT DATA: The Service Centers segment is engaged in providing maintenance, repair and operating products, equipment and services, including logistics capabilities, to industrial customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission equipment, fastener, industrial supplies, metal working and safety product categories. The Innovative Pumping Solutions segment fabricates and assembles custom-made engineered pump packages. The Supply Chain Services segment manages all or part of customers' supply chains, including inventory. The high degree of integration of the Company's operations necessitates the use of a substantial number of allocations and apportionments in the determination of business segment information. Sales are shown net of intersegment eliminations. Financial information relating to the Company's segments is as follows (in thousands):
| Service Centers | Innovative Pumping Solutions | Supply Chain Services | Total
2011 |  |  |  |
Sales | $560,233 | $102,305 | $144,467 | $807,005
Operating income for reportable segments | 64,491 | 16,920 | 8,455 | 89,866
Identifiable assets at year end | 293,925 | 51,058 | 58,192 | 403,175
Capital expenditures | 3,713 | 310 | 73 | 4,096
Depreciation | 2,908 | 326 | 276 | 3,510
Amortization | 4,725 | 675 | 1,172 | 6,572
Interest expense | 2,073 | 986 | 459 | 3,518
2010 |  |  |  |
Sales | $452,719 | $ 77,024 | $126,459 | $656,202
Operating income for reportable segments | 50,549 | 10,335 | 7,120 | 68,004
Identifiable assets at year end | 234,773 | 40,038 | 45,813 | 320,624
Capital expenditures | 1,075 | 17 | 92 | 1,184
Depreciation | 2,987 | 368 | 389 | 3,744
Amortization | 4,055 | 604 | 1,165 | 5,824
Interest expense | 4,115 | 700 | 393 | 5,208
2009 |  |  |  |
Sales | $391,060 | $ 55,913 | $136,253 | $583,226
Operating income for reportable segments | 24,398 | 7,519 | 5,548 | 37,465
Identifiable assets at year end | 199,937 | 22,604 | 48,386 | 270,927
Capital expenditures | 1,475 | 29 | 89 | 1,593
Depreciation | 3,458 | 348 | 454 | 4,260
Amortization | 5,683 | 338 | 1,195 | 7,216
Interest expense | 3,890 | 831 | 524 | 5,245
| Years Ended December 31,
| 2009 | 2010 | 2011
Operating income for reportable segments | $ 37,465 | $ 68,004 | $ 89,866
Adjustment for: |  |  |
Amortization of intangibles | 7,216 | 5,824 | 6,572
Impairment of goodwill and other intangibles | 52,951 | - | -
Corporate and other expense, net | 26,630 | 25,089 | 27,809
Total operating income (loss) | (49,332) | 37,091 | 55,485
Interest expense, net | 5,245 | 5,208 | 3,518
Other expenses (income), net | (95) | (249) | (28)
Income (loss) before income taxes | $(54,482) | $ 32,132 | $ 51,995

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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