GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

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