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SEGMENT AND GEOGRAPHICAL REPORTING | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
SEGMENT AND GEOGRAPHICAL REPORTING | SEGMENT AND GEOGRAPHICAL 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 and equipment, 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 related to the Company’s segments (in thousands):
Years Ended December 31, | Service Centers |  | Innovative Pumping Solutions |  | Supply Chain Services |  | Total
2018 |  |  |  |  |  |  |
Sales | $ | 750,044 |  |  | $ | 291,697 |  |  | $ | 174,456 |  |  | $ | 1,216,197 |
Operating income for reportable segments, excluding amortization | 80,718 |  |  | 33,943 |  |  | 16,204 |  |  | 130,865 |
Identifiable assets at year end | 402,944 |  |  | 188,765 |  |  | 53,517 |  |  | 645,226 |
Capital expenditures | 1,655 |  |  | 6,800 |  |  | 296 |  |  | 8,751 |
Proceeds from sale of fixed assets | 3 |  |  | 9 |  |  | — |  |  | 12 |
Depreciation | 3,974 |  |  | 4,064 |  |  | 49 |  |  | 8,087 |
Amortization | 9,272 |  |  | 6,237 |  |  | 1,077 |  |  | 16,586 |
Interest expense | $ | 11,178 |  |  | $ | 7,351 |  |  | $ | 2,408 |  |  | $ | 20,937 |
Years Ended December 31, | Service Centers |  | Innovative Pumping Solutions |  | Supply Chain Services |  | Total
2017 |  |  |  |  |  |  |  |  |  |  |
Sales | $ | 641,275 |  |  | $ | 204,030 |  |  | $ | 161,477 |  |  | $ | 1,006,782 |
Operating income for reportable segments, excluding amortization | 63,250 |  |  | 11,423 |  |  | 15,451 |  |  | 90,124 |
Identifiable assets at year end | 385,744 |  |  | 172,538 |  |  | 59,942 |  |  | 618,224 |
Capital expenditures | 1,076 |  |  | 1,488 |  |  | 82 |  |  | 2,646 |
Depreciation | 5,162 |  |  | 4,198 |  |  | 103 |  |  | 9,463 |
Amortization | 8,989 |  |  | 7,194 |  |  | 1,083 |  |  | 17,266 |
Interest expense | $ | 9,712 |  |  | $ | 5,352 |  |  | $ | 1,990 |  |  | $ | 17,054 |
Years Ended December 31, | Service Centers |  | Innovative Pumping Solutions |  | Supply Chain Services |  | Total
2016 |  |  |  |  |  |  |  |  |  |  |
Sales | $ | 621,007 |  |  | $ | 187,124 |  |  | $ | 153,961 |  |  | $ | 962,092 |
Operating income for reportable segments, excluding amortization | 47,634 |  |  | 9,867 |  |  | 15,449 |  |  | 72,950 |
Identifiable assets at year end | 370,261 |  |  | 175,198 |  |  | 44,796 |  |  | 590,255 |
Capital expenditures | 447 |  |  | 3,827 |  |  | 129 |  |  | 4,403 |
Proceeds from sale of fixed assets | 1,038 |  |  | 168 |  |  | — |  |  | 1,206 |
Depreciation | 6,520 |  |  | 3,834 |  |  | 126 |  |  | 10,480 |
Amortization | 9,152 |  |  | 7,826 |  |  | 1,083 |  |  | 18,061 |
Interest expense | $ | 9,290 |  |  | $ | 4,422 |  |  | $ | 1,852 |  |  | $ | 15,564 |
| Years Ended December 31,
| 2018 |  | 2017 |  | 2016
Operating income for reportable segments, excluding amortization | $ | 130,865 |  |  | $ | 90,124 |  |  | $ | 72,950 |
Adjustments for: |  |  |  |  |
Amortization of intangibles | 16,586 |  |  | 17,266 |  |  | 18,061 |
Corporate and other expense, net | 45,828 |  |  | 39,368 |  |  | 35,557 |
Total operating income | 68,451 |  |  | 33,490 |  |  | 19,332 |
Interest expense | 20,937 |  |  | 17,054 |  |  | 15,564 |
Other expenses (income), net | (1,192 | ) |  | (456 | ) |  | (5,906 | )
Income (loss) before income taxes | $ | 48,706 |  |  | $ | 16,892 |  |  | $ | 9,674 |
The Company had capital expenditures at Corporate of $0.6 million, $0.2 million, and $0.5 million for the years ended December 31, 2018, 2017, and 2016, respectively. The Company had identifiable assets at Corporate of $54.7 million, $19.4 million, and $18.3 million as of December 31, 2018, 2017, and 2016, respectively. Corporate depreciation was $1.5 million, $1.8 million, and $1.4 million for the years ended December 31, 2018, 2017, and 2016, respectively. Geographical Information Revenues are presented in geographic area based on location of the facility shipping products or providing services. Long-lived assets are based on physical locations and are comprised of the net book value of property. The Company’s revenues and property and equipment by geographical location are as follows (in millions):
| Years Ended December 31,
| 2018 |  | 2017 |  | 2016
Revenues |  |  |  |  |
United States | $ | 1,110 |  |  | $ | 903 |  |  | $ | 874 |
Canada | 106 |  |  | 104 |  |  | 88 |
Other(1) | $ | — |  |  | $ | — |  |  | $ | — |
Total | $ | 1,216 |  |  | $ | 1,007 |  |  | $ | 962 |
(1) Other includes Mexico and Dubai.
| As of December 31,
| 2018 |  | 2017
Property and Equipment, net |  |  |
United States | $ | 41 |  |  | $ | 43 |
Canada | 10 |  |  | 10 |
Other(1) | — |  |  | — |
Total | $ | 51 |  |  | $ | 53 |
(1) Other includes Mexico and Dubai.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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