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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2014
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, 2014 (in thousands):
|  | Goodwill |  |  | Other Intangible Assets |  |  | Total |
Balance as of December 31, 2013 |  | $ | 188,110 |  |  | $ | 69,722 |  |  | $ | 257,832 |
Acquired during the period |  |  | 184,719 |  |  |  | 86,406 |  |  |  | 271,125 |
Translation adjustment |  |  | - |  |  |  | 23 |  |  |  | 23 |
Amortization |  |  | - |  |  |  | (9,223 | ) |  |  | (9,223 | )
Balance as of June 30, 2014 |  | $ | 372,829 |  |  | $ | 146,928 |  |  | $ | 519,757
Goodwill balance by reportable segment | The following table presents goodwill balance by reportable segment as of June 30, 2014 and December 31, 2013 (in thousands):
|  | 2014 |  |  | 2013 |
Service Centers |  | $ | 191,592 |  |  | $ | 142,714 |
Innovative Pumping Solutions |  |  | 164,099 |  |  |  | 28,258 |
Supply Chain Services |  |  | 17,138 |  |  |  | 17,138 |
Total |  | $ | 372,829 |  |  | $ | 188,110 |
Amortizable Other Intangible Assets | The following table presents a summary of amortizable other intangible assets (in thousands):
|  | As of June 30, 2014 |  |  | As of December 31, 2013 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |
Vendor agreements |  | $ | 2,496 |  |  | $ | (1,268 | ) |  | $ | 1,228 |  |  | $ | 2,496 |  |  | $ | (1,205 | ) |  | $ | 1,291 |
Customer relationships |  |  | 196,381 |  |  |  | (51,488 | ) |  |  | 144,893 |  |  |  | 109,897 |  |  |  | (42,468 | ) |  |  | 67,429 |
Non-compete agreements |  |  | 1,739 |  |  |  | (932 | ) |  |  | 807 |  |  |  | 1,739 |  |  |  | (737 | ) |  |  | 1,002 |
Total |  | $ | 200,616 |  |  | $ | (53,688 | ) |  | $ | 146,928 |  |  | $ | 114,132 |  |  | $ | (44,410 | ) |  | $ | 69,722 |
Other intangible assets are generally amortized on a straight-line basis over their estimated useful lives.

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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 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: 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=26713463&loc=d3e16323-109275 + 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 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: 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=35741047&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: 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=35741047&loc=d3e13816-109267 + Details
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