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SEGMENT AND GEOGRAPHICAL REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2021
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
2021 |  |  |  |  |  |  |
Product sales (recognized at a point in time) | $ | 715,111 |  |  | $ | — |  |  | $ | 140,424 |  |  | $ | 855,535 |
Inventory management services (recognized over contract life) | — |  |  | — |  |  | 17,410 |  |  | 17,410 |
Staffing services (day-rate basis) | 101,385 |  |  | — |  |  | — |  |  | 101,385 |
Customized pump production (recognized over time) | — |  |  | $ | 139,591 |  |  | — |  |  | 139,591 |
Total Revenue | $ | 816,496 |  |  | $ | 139,591 |  |  | $ | 157,834 |  |  | $ | 1,113,921 |
Operating income for reportable segments, excluding adjustments | 98,931 |  |  | 12,070 |  |  | 11,963 |  |  | 122,964 |
Identifiable assets at year end | 642,184 |  |  | 134,374 |  |  | 44,684 |  |  | 821,242 |
Capital expenditures | 999 |  |  | 2,574 |  |  | 25 |  |  | 3,598 |
Proceeds from sale of fixed assets | — |  |  | — |  |  | — |  |  | — |
Depreciation | 3,475 |  |  | 4,270 |  |  | 389 |  |  | 8,134 |
Amortization | 11,107 |  |  | 6,090 |  |  | — |  |  | 17,197 |
Interest expense | $ | 12,407 |  |  | $ | 7,270 |  |  | $ | 1,412 |  |  | $ | 21,089 |
Years Ended December 31, | Service Centers |  | Innovative Pumping Solutions |  | Supply Chain Services |  | Total
2020 |  |  |  |  |  |  |
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 |  |  |  |  |  |  |
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 |
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 |
Schedule of Reconciliation of Operating Income for Reportable Segments to Consolidated Income Before Taxes |
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Operating income for reportable segments, excluding adjustments | $ | 122,964 |  |  | $ | 101,520 |  |  | $ | 131,408 |
Adjustments for: |  |  |  |  |
Amortization of intangibles | 17,197 |  |  | 12,287 |  |  | 15,074 |
Impairment and other charges | — |  |  | 59,883 |  |  | — |
Corporate and other expense, net | 65,910 |  |  | 57,018 |  |  | 48,922 |
Total operating income | $ | 39,857 |  |  | $ | (27,668) |  |  | $ | 67,412 |
Interest expense | 21,089 |  |  | 20,571 |  |  | 19,498 |
Other expenses (income), net | (414) |  |  | 74 |  |  | (45) |
Income before income taxes | $ | 19,182 |  |  | $ | (48,313) |  |  | $ | 47,959 |
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,
| 2021 |  | 2020 |  | 2019
Revenues |  |  |  |  |
United States | $ | 1,031 |  |  | $ | 931 |  |  | $ | 1,163 |
Canada | 83 |  |  | 74 |  |  | 102 |
Total | $ | 1,114 |  |  | $ | 1,005 |  |  | $ | 1,265 |
Schedule of Property, Plant and Equipment by Geographical Location |
| As of December 31,
| 2021 |  | 2020
Property and Equipment, net |  |  |
United States | $ | 48 |  |  | $ | 52 |
Canada | 4 |  |  | 5 |
Total | $ | 52 |  |  | $ | 57 |

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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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