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SEGMENT REPORTING
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The 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 business-to-business 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.

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 September 30,Nine Months Ended September 30,
 2023202220232022
Sales  
Service Centers$294,458 $260,083 $888,116 $729,977 
Innovative Pumping Solutions58,963 59,044 184,402 169,890 
Supply Chain Services 65,828 68,187 199,038 174,670 
Total Sales$419,249 $387,314 $1,271,556 $1,074,537 
Operating Income
Service Centers$41,441 $35,718 $130,274 $95,437 
Innovative Pumping Solutions11,155 7,327 31,638 23,122 
Supply Chain Services5,593 5,332 16,522 14,311 
Total Segments Operating Income $58,189 $48,377 $178,434 $132,870 

The following table presents reconciliations of income from operations for reportable segments to the consolidated income before taxes (in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
 2023202220232022
Income from operations for reportable segments$58,189 $48,377 $178,434 $132,870 
Adjustment for:
Amortization of intangible assets5,866 5,132 15,206 13,958 
Corporate expenses16,467 16,706 54,493 44,894 
Income from operations$35,856 $26,539 108,735 74,018 
Interest expense12,684 6,833 36,068 17,610 
Other (income) expense, net1,234 1,565 522 2,941 
Income before income taxes$21,938 $18,141 $72,145 $53,467