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SEGMENT AND GEOGRAPHICAL REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2014
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
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
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
Reconciliation of Operating Income for Reportable Segments to Consolidated Income before Taxes |
| Years Ended December 31,
| 2014 |  | 2013 |  | 2012
Operating income for reportable segments, excluding impairment expense | $ 172,655 |  | $ 153,398 |  | $ 133,518
Adjustments for: |  |  |  |  |
Impairment expense | 117,569 |  | - |  | -
Amortization of intangibles | 22,480 |  | 11,830 |  | 10,886
Corporate and other expense, net | 45,234 |  | 40,644 |  | 32,110
Total operating income (loss) | (12,628) |  | 100,924 |  | 90,522
Interest expense | 12,797 |  | 6,282 |  | 5,560
Other expenses (income), net | 131 |  | (75) |  | (47)
Income (loss) before income taxes | $ (25,556) |  | $ 94,717 |  | $ 85,009
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,
| 2014 | 2013 | 2012
Revenues |  |  |
United States | $ 1,300,493 | $1,075,962 | $1,039,712
Canada | 195,633 | 165,548 | 57,398
Other | 3,536 | - | -
Total | $ 1,499,662 | $1,241,510 | $1,097,110
Schedule of Property and Equipment by Geographical Areas |
| As of December 31,
| 2014 | 2013
Property and Equipment, net |  |
United States | $ 49,013 | $ 32,878
Canada | 20,966 | 25,375
Total | $ 69,979 | $58,253

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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 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: 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 3: 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=35741047&loc=d3e13816-109267 Reference 4: 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 5: 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 + Details
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