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SEGMENT REPORTING (Tables) | 9 Months Ended
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Sep. 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 September 30,
| 2021 |  | 2020
|  |  |  |  |  |  |  |  | (Restated) |  |  |  |  |  |
| SC |  | IPS |  | SCS |  | Total |  | SC |  | IPS |  | SCS |  | Total
Product sales 1 | $ | 187,302 |  |  | $ | — |  |  | $ | 36,213 |  |  | $ | 223,515 |  |  | $ | 143,767 |  |  | $ | — |  |  | $ | 29,360 |  |  | $ | 173,127 |
Inventory services 2 | — |  |  | — |  |  | 4,302 |  |  | 4,302 |  |  | — |  |  | — |  |  | 4,057 |  |  | 4,057 |
Staffing services 3 | 25,237 |  |  | — |  |  | — |  |  | 25,237 |  |  | 21,133 |  |  | — |  |  | — |  |  | 21,133 |
Pump production and delivery 4 | — |  |  | 36,440 |  |  | — |  |  | 36,440 |  |  | — |  |  | 21,876 |  |  | — |  |  | 21,876 |
Total Revenue | $ | 212,539 |  |  | $ | 36,440 |  |  | $ | 40,515 |  |  | $ | 289,494 |  |  | $ | 164,900 |  |  | $ | 21,876 |  |  | $ | 33,417 |  |  | $ | 220,193 |
Income from operations | $ | 29,381 |  |  | $ | 277 |  |  | $ | 3,181 |  |  | $ | 32,839 |  |  | $ | 22,151 |  |  | $ | (2,913) |  |  | $ | 2,900 |  |  | $ | 22,138 |
| Nine Months Ended September 30,
| 2021 |  | 2020
|  |  |  |  |  |  |  |  | (Restated) |  |  |  |  |  |
| SC |  | IPS |  | SCS |  | Total |  | SC |  | IPS |  | SCS |  | Total
Product sales 1 | $ | 538,134 |  |  | $ | — |  |  | $ | 103,058 |  |  | $ | 641,192 |  |  | $ | 457,848 |  |  | $ | — |  |  | $ | 106,500 |  |  | $ | 564,348 |
Inventory services 2 | — |  |  | — |  |  | 12,761 |  |  | 12,761 |  |  | — |  |  | — |  |  | 12,368 |  |  | 12,368 |
Staffing services 3 | 70,408 |  |  | — |  |  | — |  |  | 70,408 |  |  | 43,485 |  |  | — |  |  | — |  |  | 43,485 |
Pump production and delivery 4 | — |  |  | 96,411 |  |  | — |  |  | 96,411 |  |  | — |  |  | 152,376 |  |  | — |  |  | 152,376 |
Total Revenue | $ | 608,542 |  |  | $ | 96,411 |  |  | $ | 115,819 |  |  | $ | 820,772 |  |  | $ | 501,333 |  |  | $ | 152,376 |  |  | $ | 118,868 |  |  | $ | 772,577 |
Income from operations | $ | 77,819 |  |  | $ | 6,027 |  |  | $ | 8,991 |  |  | $ | 92,837 |  |  | $ | 53,531 |  |  | $ | 16,080 |  |  | $ | 10,008 |  |  | $ | 79,619 |
1 Product sales that are recognized at a point in time. 2 Inventory management services that are recognized over the contract life. 3 Staffing services that are invoiced on a day-rate basis. 4 Custom 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 September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
|  |  | (Restated) |  |  |  | (Restated)
Operating income for reportable segments | $ | 32,839 |  |  | $ | 22,138 |  |  | $ | 92,837 |  |  | $ | 79,619 |
Adjustment for: |  |  |  |  |  |  |
Amortization of intangible assets | 4,238 |  |  | 3,053 |  |  | 12,690 |  |  | 9,296 |
Impairment and other charges | — |  |  | 48,401 |  |  | — |  |  | 48,401 |
Corporate expenses | 17,416 |  |  | 11,530 |  |  | 47,883 |  |  | 44,311 |
Income from operations | $ | 11,185 |  |  | $ | (40,846) |  |  | 32,264 |  |  | (22,389) |
Interest expense | 5,264 |  |  | 3,752 |  |  | 15,844 |  |  | 12,059 |
Other (income) expense, net | (450) |  |  | 320 |  |  | (985) |  |  | (381) |
Income before income taxes | $ | 6,371 |  |  | $ | (44,918) |  |  | $ | 17,405 |  |  | $ | (34,067) |

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- 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=123359005&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=123359005&loc=d3e8906-108599 + Details
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- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
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