XML 40 R27.htm IDEA: XBRL DOCUMENT v3.21.2

SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Financial Information Regarding Company's Segments

The following table sets out financial information related to the Company's segments excluding amortization (in thousands):

			Three Months Ended June 30,
			2021																								2020
																											(Restated)
			SC						IPS						SCS						Total						SC						IPS						SCS						Total
Product sales1			$	185,489					$	—					$	35,068					$	220,557					$	144,286					$	—					$	32,988					$	177,274
Inventory services2			—						—						4,263						4,263						—						—						4,086						4,086
Staffing services3			24,144						—						—						24,144						9,562						—						—						9,562
Pump production and delivery4			—						36,727						—						36,727						—						60,479						—						60,479
Total Revenue			$	209,633					$	36,727					$	39,331					$	285,691					$	153,848					$	60,479					$	37,074					$	251,401
Income from operations			$	26,300					$	4,803					$	3,488					$	34,591					$	14,050					$	8,565					$	3,353					$	25,968

			Six Months Ended June 30,
			2021																								2020
																											(Restated)
			SC						IPS						SCS						Total						SC						IPS						SCS						Total
Product sales1			$	350,831					$	—					$	66,845					$	417,676					$	314,081					$	—					$	77,140					$	391,221
Inventory services2			—						—						8,459						8,459						—						—						8,311						8,311
Staffing services3			45,171						—						—						45,171						22,352						—						—						22,352
Pump production and delivery4			—						59,972						—						59,972						—						130,500						—						130,500
Total Revenue			$	396,002					$	59,972					$	75,304					$	531,278					$	336,433					$	130,500					$	85,451					$	552,384
Income from operations			$	48,437					$	5,751					$	5,810					$	59,998					$	31,379					$	18,993					$	7,108					$	57,480

1Product sales that are recognized at a point in time.

2 Inventory management services that are recognized over the contract life.

3Staffing services that are invoiced on a day-rate basis.

4Custom pump production and delivery is recognized over time.

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

The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
									(Restated)												(Restated)
Operating income for reportable segments			$	34,591					$	25,968					$	59,998					$	57,480
Adjustment for:
Amortization of intangible assets			4,306						3,046						8,452						6,243
Corporate expenses			15,439						15,784						30,467						32,780
Income from operations			$	14,846					$	7,138					21,079						18,457
Interest expense			5,337						3,930						10,580						8,307
Other (income) expense, net			(105)						133						(535)						(701)
Income before income taxes			$	9,614					$	3,075					$	11,034					$	10,851

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 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