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SEGMENT AND GEOGRAPHICAL REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2013
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
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
Interest expense |  | 3,762 |  | 1,636 |  | 884 |  | 6,282
2012 |  |  |  |  |  |  |  |
Sales |  | $779,038 |  | $161,834 |  | $156,238 |  | $1,097,110
Operating income for reportable segments |  | 88,924 |  | 32,099 |  | 12,495 |  | 133,518
Identifiable assets at year end |  | 440,271 |  | 56,982 |  | 50,515 |  | 547,768
Capital expenditures |  | 4,829 |  | 261 |  | - |  | 5,090
Depreciation |  | 5,734 |  | 306 |  | 175 |  | 6,215
Amortization |  | 8,795 |  | 663 |  | 1,428 |  | 10,886
Interest expense |  | 3,701 |  | 1,243 |  | 616 |  | 5,560
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 |  | 294,410 |  | 43,636 |  | 56,058 |  | 394,104
Capital expenditures |  | 1,258 |  | 310 |  | 73 |  | 1,641
Depreciation |  | 2,090 |  | 326 |  | 276 |  | 2,692
Amortization |  | 4,725 |  | 675 |  | 1,172 |  | 6,572
Interest expense |  | 2,073 |  | 986 |  | 459 |  | 3,518
Reconciliation of Operating Income for Reportable Segments to Consolidated Income before Taxes |
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
Operating income for reportable segments | $ 153,398 |  | $ 133,518 |  | $ 89,866
Adjustments for: |  |  |  |  |
Amortization of intangibles | 11,830 |  | 10,886 |  | 6,572
Corporate and other expense, net | 40,644 |  | 32,110 |  | 27,809
Total operating income | 100,924 |  | 90,522 |  | 55,485
Interest expense | 6,282 |  | 5,560 |  | 3,518
Other expenses (income), net | (75) |  | (47) |  | (28)
Income before income taxes | $ 94,717 |  | $ 85,009 |  | $ 51,995
Schedule of revenue by geographic area | The Company’s revenues and property and equipment by geographical location are as follow (in thousands):
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
Revenues |  |  |  |  |
United States | $1,075,962 |  | $1,039,712 |  | $ 807,005
Canada | 165,548 |  | 57,398 |  | -
Total | $1,241,510 |  | $1,097,110 |  | $ 807,005
Schedule of property and equipment by geographical areas |
| As of December 31,
| 2013 |  | 2012
Property and Equipment, net |  |  |
United States | $ 32,878 |  | $ 31,334
Canada | 25,375 |  | 27,379
Total | $58,253 |  | $58,713

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -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. + Details
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