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SEGMENT AND GEOGRAPHICAL REPORTING
 12 Months Ended
Dec. 31, 2020
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 CentersInnovative Pumping SolutionsSupply Chain ServicesTotal
2020 (Restated)    
Product sales (recognized at a point in time)$595,314 $— $138,653 $733,967 
Inventory management services (recognized over contract life)— — 16,005 16,005 
Staffing services (day-rate basis)67,303 — — 67,303 
Customized pump production (recognized over time)— $187,991 — 187,991 
Total Revenue$662,617 $187,991 $154,658 $1,005,266 
Operating income for reportable segments, excluding adjustments71,834 16,882 12,804 101,520 
Identifiable assets at year end564,921 130,505 56,721 752,147 
Capital expenditures1,254 4,457 — 5,711 
Proceeds from sale of fixed assets— — — — 
Depreciation3,299 4,441 387 8,127 
Amortization6,989 5,298 — 12,287 
Interest expense$11,506 $7,360 $1,705 $20,571 
 
Years Ended December 31,Service CentersInnovative Pumping SolutionsSupply Chain ServicesTotal
2019 (Restated)    
Product sales (recognized at a point in time)$701,404 $— $184,767 $886,171 
Inventory management services (recognized over contract life)— — 16,511 16,511 
Staffing services (day-rate basis)58,514 — — 58,514 
Customized pump production (recognized over time)— 303,655 — 303,655 
Total Revenue$759,918 $303,655 $201,278 $1,264,851 
Operating income for reportable segments, excluding adjustments85,442 30,699 15,267 131,408 
Identifiable assets at year end463,531 212,015 56,714 732,260 
Capital expenditures2,333 9,347 922 12,602 
Proceeds from sale of fixed assets35 — — 35 
Depreciation3,517 4,602 285 8,404 
Amortization8,230 5,855 989 15,074 
Interest expense$10,786 $6,747 $1,965 $19,498 
 
Years Ended December 31,Service CentersInnovative Pumping SolutionsSupply Chain ServicesTotal
2018 (Restated)    
Product sales (recognized at a point in time)$687,821 $— $160,770 $848,591 
Inventory management services (recognized over contract life)— — 13,686 13,686 
Staffing services (day-rate basis)64,735 — — 64,735 
Customized pump production (recognized over time)— 291,697 — 291,697 
Total Revenue$752,556 $291,697 $174,456 $1,218,709 
Operating income for reportable segments, excluding adjustments82,650 34,977 16,874 134,501 
Identifiable assets at year end404,026 188,765 53,517 646,308 
Capital expenditures1,655 6,800 296 8,751 
Depreciation3,974 4,064 49 8,087 
Amortization9,272 6,237 1,077 16,586 
Interest expense11,178 7,351 2,408 20,937 
 Years Ended December 31,
202020192018
(Restated)(Restated)(Restated)
Operating income for reportable segments, excluding adjustments$101,520 $131,408 $134,501 
Adjustments for:
Amortization of intangibles12,287 15,074 16,586 
Impairment and other charges59,883 — — 
Corporate and other expense, net57,018 48,922 45,829 
Total operating income$(27,668)$67,412 $72,086 
Interest expense20,571 19,498 20,937 
Other expenses (income), net74 (45)(1,192)
Income before income taxes$(48,313)$47,959 $52,341 

The Company had capital expenditures at Corporate of $1.0 million, $9.5 million, and $0.6 million for the years ended December 31, 2020, 2019, and 2018, respectively. The Company had identifiable assets at Corporate of $114.1 million, $56.8
million, and $54.7 million as of December 31, 2020, 2019, and 2018, respectively. Corporate depreciation was $2.3 million, $1.7 million, and $1.5 million for the years ended December 31, 2020, 2019, and 2018, 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,
 202020192018
Revenues   
United States$931 $1,163 $1,113 
Canada74 102 106 
Other(1)
— — — 
Total$1,005 $1,265 $1,219 
(1) Other includes Mexico and Dubai.
 As of December 31,
 20202019
Property and Equipment, net  
United States$52 $56 
Canada5 8 
Other(1)
— — 
Total$57 $64 
(1) Other includes Dubai.