XML 63 R47.htm IDEA: XBRL DOCUMENT v3.22.1

SEGMENT AND GEOGRAPHICAL REPORTING (Tables)

12 Months Ended

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

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=123359005&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=123359005&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=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

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=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 (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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