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SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2013
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
NOTE 12 - SEGMENT REPORTING

The Company's reportable business segments are: Service Centers, Innovative Pumping Solutions and Supply Chain Services. The Service Centers segment is engaged in providing maintenance, MRO products, equipment and integrated services, including safety services, technical expertise and logistics capabilities, to industrial customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products and safety services categories. The Innovative Pumping Solutions segment fabricates and assembles custom-made integrated pump system packages. The Supply Chain Services segment manages all or part of a customer's supply chain, including warehouse and inventory management.

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

 
 
Three Months ended September 30,
  
Nine Months ended September 30,
 
 
 
Service
Centers
  
IPS
  
SCS
  
 
Total
  
Service
Centers
  
IPS
  
SCS
  
 
Total
 
2013
 
 
  
 
  
 
  
 
  
 
  
 
  
 
  
 
 
Sales
 
$
232,529
  
$
61,094
  
$
36,096
  
$
329,719
  
$
660,552
  
$
155,572
  
$
111,634
  
$
927,758
 
Operating income for reportable segments
 
$
27,557
  
$
9,059
  
$
3,202
  
$
39,818
  
$
75,976
  
$
24,267
  
$
9,550
  
$
109,793
 
 
                                
2012
                                
Sales
 
$
212,497
  
$
38,854
  
$
38,572
  
$
289,923
  
$
571,675
  
$
113,466
  
$
118,963
  
$
804,104
 
Operating income for reportable segments
 
$
26,410
  
$
7,227
  
$
2,781
  
$
36,418
  
$
67,455
  
$
22,414
  
$
9,500
  
$
99,369
 

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,
 
 
 
2013
  
2012
  
 
2013
  
 
2012
 
Operating income for reportable segments
 
$
39,818
  
$
36,418
  
$
109,793
  
$
99,369
 
Adjustment for:
                
 Amortization of intangibles
  
3,434
   
3,474
   
9,221
   
8,264
 
 Corporate and other expense, net
  
9,486
   
8,430
   
27,705
   
25,839
 
Total operating income
  
26,898
   
24,514
   
72,867
   
65,266
 
Interest expense, net
  
1,614
   
2,287
   
4,930
   
3,878
 
Other income, net
  
(38
)
  
(21
)
  
(16
)
  
(33
)
Income before income taxes
 
$
25,322
  
$
22,248
  
$
67,953
  
$
61,421