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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 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 year ended December 31, 2014 (in thousands):
| Goodwill |  | Other Intangible Assets |  | Total
Balance as of December 31, 2013 | $ 188,110 |  | $ 69,722 |  | $ 257,832
Acquired during the period | 182,771 |  | 85,264 |  | 268,035
Impairment | (117,569) |  | - |  | (117,569)
Translation adjustment | - |  | (2,173) |  | (2,173)
Amortization | - |  | (22,480) |  | (22,480)
Balance as of December 31, 2014 | $ 253,312 |  | $ 130,333 |  | $ 383,645
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
Goodwill Balance by Reportable Segment | The following table presents goodwill balance by reportable segment as of December 31, 2014 and 2013 (in thousands):
| As of December 31,
2014 |  | 2013
Service Centers | $ 167,302 |  | $ 142,714
Innovative Pumping Solutions | 68,872 |  | 28,258
Supply Chain Services | 17,138 |  | 17,138
Total | $ 253,312 |  | $ 188,110
Amortizable Other Intangible Assets | The following table presents a summary of amortizable other intangible assets (in thousands):
| As of December 31, 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 |  | $ (1,330) |  | $ 1,166 |  | $ 2,496 |  | $ (1,205) |  | $ 1,291
Customer relationships | 192,512 |  | (63,957) |  | 128,555 |  | 109,897 |  | (42,468) |  | 67,429
Non-compete agreements | 1,737 |  | (1,125) |  | 612 |  | 1,739 |  | (737) |  | 1,002
Total | $ 196,745 |  | $ (66,412) |  | $ 130,333 |  | $ 114,132 |  | $ (44,410) |  | $ 69,722
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):
2015 | $ 20,584
2016 | 17,584
2017 | 16,737
2018 | 15,163
2019 | 13,828
Thereafter | 46,437

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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + 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=26713463&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 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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