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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2013
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] |
Goodwill and Other Intangible Assets | The following table presents the changes in the carrying amount of goodwill and other intangible assets during the six months ended June 30, 2013 (in thousands):
|  | Goodwill |  |  | Other Intangible Assets |  |  | Total |
Balance as of December 31, 2012 |  | $ | 145,788 |  |  | $ | 63,189 |  |  | $ | 208,977 |
Acquired during the period |  |  | 29,463 |  |  |  | 16,387 |  |  |  | 45,850 |
Adjustments to prior period estimates |  |  | 2,007 |  |  |  | (2,502 | ) |  |  | (495 | )
Amortization |  |  | - |  |  |  | (5,787 | ) |  |  | (5,787 | )
Balance as of June 30, 2013 |  | $ | 177,258 |  |  | $ | 71,287 |  |  | $ | 248,545 |
Goodwill balance by reportable segment | The following table presents goodwill balance by reportable segment as of June 30, 2013 and December 31, 2012 (in thousands):
|  | 2013 |  |  | 2012 |
Service Centers |  | $ | 131,229 |  |  | $ | 112,669 |
Innovative Pumping Solutions |  |  | 28,890 |  |  |  | 15,980 |
Supply Chain Services |  |  | 17,139 |  |  |  | 17,139 |
Total |  | $ | 177,258 |  |  | $ | 145,788 |
Amortizable Other Intangible Assets | The following table presents a summary of amortizable other intangible assets (in thousands):
|  | As of June 30, 2013 |  |  | As of December 31, 2012 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |
Vendor agreements |  | $ | 2,496 |  |  | $ | (1,143 | ) |  | $ | 1,353 |  |  | $ | 2,496 |  |  | $ | (1,081 | ) |  | $ | 1,415 |
Customer relationships |  |  | 104,437 |  |  |  | (35,586 | ) |  |  | 68,851 |  |  |  | 90,851 |  |  |  | (30,010 | ) |  |  | 60,841 |
Non-compete agreements |  |  | 1,841 |  |  |  | (758 | ) |  |  | 1,083 |  |  |  | 1,541 |  |  |  | (608 | ) |  |  | 933 |
Total |  | $ | 108,774 |  |  | $ | (37,487 | ) |  | $ | 71,287 |  |  | $ | 94,888 |  |  | $ | (31,699 | ) |  | $ | 63,189 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph e -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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