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SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31,
			2022																								2021
			SC						IPS						SCS						Total						SC						IPS						SCS						Total
Product sales1			$	195,626					$	—					$	42,390					$	238,016					$	165,342					$	—					$	31,777					$	197,119
Inventory services2			—						—						5,166						5,166						—						—						4,196						4,196
Staffing services3			23,171						—						—						23,171						21,027						—						—						21,027
Pump production and delivery4			—						53,058						—						53,058						—						23,245						—						23,245
Total Revenue			$	218,797					$	53,058					$	47,556					$	319,411					$	186,369					$	23,245					$	35,973					$	245,587
Income from operations5			$	27,351					$	7,069					$	4,020					$	38,440					$	22,137					$	947					$	2,323					$	25,407

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.

5Income from operations excludes amortization of intangibles and corporate expenses.

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 March 31,
			2022						2021
Operating income for reportable segments			$	38,440					$	25,407
Adjustment for:
Amortization of intangible assets			4,235						4,146
Corporate expenses			12,646						15,028
Income from operations			$	21,559					$	6,233
Interest expense			5,162						5,243
Other (income) expense, net			536						(430)
Income before income taxes			$	15,861					$	1,420

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.

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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.

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