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SEGMENT REPORTING
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTINGThe Company's reportable business segments are: Service Centers, Innovative Pumping Solutions and Supply Chain Services. The Service Centers segment is engaged in providing MRO products, equipment and integrated services, including logistics capabilities, to industrial customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, industrial supply, safety products and safety services categories. The Innovative Pumping Solutions segment fabricates and assembles custom-made pump packages, re-manufactures pumps, manufactures branded private label pumps and provides products and process lines for the water and wastewater treatment industries. The Supply Chain Services segment provides a wide range of MRO products and manages all or part of a customer's supply chain, including warehouse and inventory management.
The high degree of integration of the Company's operations necessitates the use of a substantial number of allocations and apportionments in the determination of business segment information. Sales are shown net of inter-segment eliminations.

The following table sets out financial information related to the Company's segments excluding amortization (in thousands):
Three Months Ended June 30,
20222021
 SCIPSSCSTotal
SCa
IPSSCSTotal
Product sales1
$232,851 $— $52,975 $285,826 $198,030 $— $35,068 $233,098 
Inventory services2
— — 5,951 5,951 — — 4,263 4,263 
Staffing services3
18,247 — — 18,247 11,603 — — 11,603 
Pump production and delivery4
— 57,788 — 57,788 — 36,727 — 36,727 
Total Revenue$251,098 $57,788 $58,926 $367,812 $209,633 $36,727 $39,331 $285,691 
Income from operations5
$32,368 $8,726 $4,958 $46,052 $26,300 $4,803 $3,488 $34,591 
Six Months Ended June 30,
20222021
 SCIPSSCSTotal
SCa
IPSSCSTotal
Product sales1
$438,220 $— $95,365 $533,585 $371,685 $— $66,845 $438,530 
Inventory services2
— — 11,118 11,118 — — 8,459 $8,459 
Staffing services3
31,674 — — 31,674 24,317 — — $24,317 
Pump production4
— 110,846 — 110,846 — 59,972 — $59,972 
Total Revenue$469,894 $110,846 $106,483 $687,223 $396,002 $59,972 $75,304 $531,278 
Income from operations 5
$59,719 $15,795 $8,978 $84,492 $48,437 $5,751 $5,810 $59,998 
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.

a During Q2 2022, we identified an error related to service revenue which resulted in a reclassification between product sales and service revenue. We assessed the materiality of the error on prior period financial statements in accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 99, Materiality, codified in Accounting Standards Codification (ASC) 250, Presentation of Financial Statements. We concluded that the error was not material to our prior period consolidated financial statements and therefore, amendments of previously filed consolidated financial statements are not required. In accordance with ASC 250, we have corrected the error by revising the consolidated financial statements presented herein. Prior periods not presented herein will be revised, as applicable, in future filings.
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,
 2022202120222021
Operating income for reportable segments$46,052 $34,591 $84,492 $59,998 
Adjustment for:
Amortization of intangible assets4,591 4,306 8,826 8,452 
Corporate expenses15,541 15,439 28,186 30,467 
Income from operations$25,920 $14,846 47,480 21,079 
Interest expense5,615 5,337 10,777 10,580 
Other (income) expense, net839 (105)1,377 (535)
Income before income taxes$19,466 $9,614 $35,326 $11,034