XML 63 R48.htm IDEA: XBRL DOCUMENT v3.21.2

SEGMENT AND GEOGRAPHICAL REPORTING (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Financial Information Related to Company's Segments

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
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 adjustments			71,834						16,882						12,804						101,520
Identifiable assets at year end			564,921						130,505						56,721						752,147
Capital expenditures			1,254						4,457						—						5,711
Proceeds from sale of fixed assets			—						—						—						—
Depreciation			3,299						4,441						387						8,127
Amortization			6,989						5,298						—						12,287
Interest expense			$	11,506					$	7,360					$	1,705					$	20,571

 

Years Ended December 31,			Service Centers						Innovative Pumping Solutions						Supply Chain Services						Total
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 adjustments			85,442						30,699						15,267						131,408
Identifiable assets at year end			463,531						212,015						56,714						732,260
Capital expenditures			2,333						9,347						922						12,602
Proceeds from sale of fixed assets			35						—						—						35
Depreciation			3,517						4,602						285						8,404
Amortization			8,230						5,855						989						15,074
Interest expense			$	10,786					$	6,747					$	1,965					$	19,498

 

Years Ended December 31,			Service Centers						Innovative Pumping Solutions						Supply Chain Services						Total
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 adjustments			82,650						34,977						16,874						134,501
Identifiable assets at year end			404,026						188,765						53,517						646,308
Capital expenditures			1,655						6,800						296						8,751
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

Schedule of Reconciliation of Operating Income for Reportable Segments to Consolidated Income Before Taxes

			Years Ended December 31,
			2020						2019						2018
			(Restated)						(Restated)						(Restated)
Operating income for reportable segments, excluding adjustments			$	101,520					$	131,408					$	134,501
Adjustments for:
Amortization of intangibles			12,287						15,074						16,586
Impairment and other charges			59,883						—						—
Corporate and other expense, net			57,018						48,922						45,829
Total operating income			$	(27,668)					$	67,412					$	72,086
Interest expense			20,571						19,498						20,937
Other expenses (income), net			74						(45)						(1,192)
Income before income taxes			$	(48,313)					$	47,959					$	52,341

Schedule of Revenues by Geographical Location

The Company’s revenues and property and equipment by geographical location are as follows (in millions):

			Years Ended December 31,
			2020						2019						2018
Revenues
United States			$	931					$	1,163					$	1,113
Canada			74						102						106
Other(1)			—						—						—
Total			$	1,005					$	1,265					$	1,219

(1) Other includes Mexico and Dubai.

Schedule of Property, Plant and Equipment by Geographical Location

			As of December 31,
			2020						2019
Property and Equipment, net
United States			$	52					$	56
Canada			5						8
Other(1)			—						—
Total			$	57					$	64

(1) Other includes Dubai.

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration