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SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Financial Information Regarding Company's Segments

The following table sets out financial information related to the Company's segments (in thousands):

Three Months Ended June 30, 2025						Service Center			Innovative Pumping Solutions			Supply Chain Services			Total Reportable Segments			Corporate			Total
Sales						$	339,731		$	93,540		$	65,411		$	498,682		$	—		$	498,682
Operating expenses						287,875			73,897			60,135			421,907			—			421,907
Other expenses
Depreciation						932			767			8			1,707			812			2,519
Amortization of finance lease assets						753			234			39			1,026			616			1,642
Other(1)						—			—			—			—			26,628			26,628
Operating Income						$	50,171		$	18,642		$	5,229		$	74,042		$	(28,056)		$	45,986
Interest expense						—			—			—			—			14,744			14,744
Other income, net						—			—			—			—			(354)			(354)
Income before income taxes						$	50,171		$	18,642		$	5,229		$	74,042		$	(42,446)		$	31,596
Capital expenditures						461			$	912		$	—		1,373			$	8,973		$	10,346
(1). Other primarily includes selling, general and administrative expenses of $21.3 million and amortization of intangible assets of $5.3 million.

Three Months Ended June 30, 2024						Service Center			Innovative Pumping Solutions			Supply Chain Services			Total Reportable Segments			Corporate			Total
Sales						$	306,516		$	73,377		$	65,663		$	445,556		$	—		$	445,556
Operating expenses						260,929			59,068			59,800			379,797			—			379,797
Other expenses
Depreciation						785			846			8			1,639			607			2,246
Amortization of finance lease assets						947			97			32			1,076			84			1,160
Other(1)						—			—			—			—			25,001			25,001
Operating Income						$	43,855		$	13,366		$	5,823		$	63,044		$	(25,692)		$	37,352
Interest expense						—			—			—			—			15,384			15,384
Other income, net						—			—			—			—			(1,035)			(1,035)
Income before income taxes						$	43,855		$	13,366		$	5,823		$	63,044		$	(40,041)		$	23,003
Capital expenditures						$	1,149		$	1,004		$	—		$	2,153		$	6,672		$	8,825
(1). Other primarily includes selling, general and administrative expenses of $20.3 million and amortization of intangible assets of $4.7 million.

Six Months Ended June 30, 2025						Service Center			Innovative Pumping Solutions			Supply Chain Services			Total Reportable Segments			Corporate			Total
Sales						$	666,806		$	179,722		$	128,723		$	975,251		$	—		$	975,251
Operating expenses						565,832			145,685			117,835			829,352			—			829,352
Other expenses
Depreciation						1,869			1,562			16			3,447			1,389			4,836
Amortization of finance lease assets						1,890			426			80			2,396			708			3,104
Other(1)						—			—			—			—			51,458			51,458
Operating Income						$	97,215		$	32,049		$	10,792		$	140,056		$	(53,555)		$	86,501
Interest expense						—			—			—			—			29,404			29,404
Other income, net						—			—			—			—			(1,672)			(1,672)
Income before income taxes						$	97,215		$	32,049		$	10,792		$	140,056		$	(81,287)		$	58,769
Capital expenditures						$	2,498		$	1,486		$	—		$	3,984		$	26,276		$	30,260
(1). Other primarily includes selling, general and administrative expenses of $40.8 million and amortization of intangible assets of $10.7 million.

Six Months Ended June 30, 2024						Service Center			Innovative Pumping Solutions			Supply Chain Services			Total Reportable Segments			Corporate			Total
Sales						$	594,952		$	135,592		$	127,647		$	858,191		$	—		$	858,191
Operating expenses						507,531			113,366			116,484			737,381			—			737,381
Other Expenses
Depreciation						1,527			1,699			16			3,242			1,214			4,456
Amortization of finance lease assets						1,719			191			62			1,972			149			2,121
Other(1)						—			—			—			—			47,750			47,750
Operating Income						$	84,175		$	20,336		$	11,085		$	115,596		$	(49,113)		$	66,483
Interest expense						—			—			—			—			30,928			30,928
Other income, net						—			—			—			—			(3,004)			(3,004)
Income before income taxes						$	84,175		$	20,336		$	11,085		$	115,596		$	(77,037)		$	38,559
Capital expenditures						$	2,055		$	1,644		$	13		$	3,712		$	8,007		$	11,719
(1). Other primarily includes selling, general and administrative expenses of $38.7 million and amortization of intangible assets of $9.1 million.

Schedule of Reconciliation of Operating Income for Reportable Segments to Consolidated Income

			June 30, 2025						December 31, 2024
Service Centers			$	793,446					$	764,533
Innovative Pumping Solutions			315,224						311,429
Supply Chain Services			87,774						62,760
Total Reportable Segments Assets			$	1,196,444					$	1,138,722
Corporate			215,950						210,772
Total Assets			$	1,412,394					$	1,349,494

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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 30
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 30
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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