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SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2016
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
NOTE 14 - 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 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 pump packages, remanufactures pumps and manufactures branded private label pumps. The Supply Chain Services segment provides a wide range of MRO products and 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 March 31,
 
  
Service
Centers
  
IPS
  
SCS
  
Total
 
2016
            
Sales
 
$
167,502
  
$
47,431
  
$
38,628
  
$
253,561
 
Operating income for reportable segments
 
$
9,536
  
$
306
  
$
3,480
  
$
13,322
 
                 
2015
                
Sales
 
$
225,792
  
$
74,263
  
$
41,539
  
$
341,594
 
Operating income for reportable segments
 
$
22,866
  
$
8,626
  
$
3,279
  
$
34,771
 

The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):
 
  Three Months Ended
March 31,
 
  
2016
  
2015
 
Operating income for reportable segments
 
$
13,322
  
$
34,771
 
Adjustment for:
        
Amortization of intangibles
  
4,528
   
5,358
 
Corporate expense
  
10,796
   
11,314
 
Total operating income (loss)
  
(2,002
)
  
18,099
 
Interest expense
  
3,409
   
2,683
 
Other expense (income), net
  
(155
)
  
(249
)
Income (loss) before income taxes
 
$
(5,256
)
 
$
15,665