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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 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 year ended December 31, 2013 (in thousands):
| Goodwill |  | Other Intangible Assets |  | Total
Balance as of December 31, 2012 | $ 145,788 |  | $ 63,189 |  | $ 208,977
Acquired during the period | 39,898 |  | 22,033 |  | 61,931
Adjustments to prior period estimates | 2,424 |  | (2,424) |  | -
Translation adjustment | - |  | (1,246) |  | (1,246)
Amortization | - |  | (11,830) |  | (11,830)
Balance as of December 31, 2013 | $ 188,110 |  | $ 69,722 |  | $ 257,832
The following table presents the changes in the carrying amount of goodwill and other intangible assets during the year ended December 31, 2012 (in thousands):
| Goodwill |  | Other Intangible Assets |  | Total
Balance as of December 31, 2011 | $ 101,764 |  | $ 43,194 |  | $ 144,958
Acquired during the year | 44,074 |  | 30,643 |  | 74,717
Adjustments to prior year estimates | (50) |  | 50 |  | -
Translation adjustment | - |  | 188 |  | 188
Amortization | - |  | (10,886) |  | (10,886)
Balance as of December 31, 2012 | $ 145,788 |  | $ 63,189 |  | $ 208,977
Goodwill balance by reportable segment | The following table presents goodwill balance by reportable segment as of December 31, 2013 and 2012 (in thousands):
| As of December 31,
2013 |  | 2012
Service Centers | $ 142,714 |  | $ 112,670
Innovative Pumping Solutions | 28,258 |  | 15,980
Supply Chain Services | 17,138 |  | 17,138
Total | $ 188,110 |  | $ 145,788
Amortizable Other Intangible Assets | The following table presents a summary of amortizable other intangible assets (in thousands):
| As of December 31, 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 |  | $ (1,205) |  | $ 1,291 |  | $ 2,496 |  | $ (1,081) |  | $ 1,415
Customer relationships | 109,897 |  | (42,468) |  | 67,429 |  | 90,851 |  | (30,010) |  | 60,841
Non-compete agreements | 1,739 |  | (737) |  | 1,002 |  | 1,541 |  | (608) |  | 933
Total | $ 114,132 |  | $ (44,410) |  | $ 69,722 |  | $ 94,888 |  | $ (31,699) |  | $ 63,189
Estimated future annual amortization of intangible assets | The estimated future annual amortization of intangible assets for each of the next five years and thereafter are as follows (in thousands):
2014 | 12,966
2015 | 11,532
2016 | 9,172
2017 | 9,089
2018 | 8,354
Thereafter | 18,609

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- Definition Tabular disclosure of the estimated aggregate amortization expense for intangible assets subject to amortization for each of the five succeeding fiscal years. + 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 + Details
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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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