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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2015
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, 2015 (in thousands):
|  | Goodwill |  |  | Other Intangible Assets |  |  | Total |
Balance as of December 31, 2014 |  | $ | 253,312 |  |  | $ | 130,333 |  |  | $ | 383,645 |
Acquired during the period |  |  | 11,713 |  |  |  | 7,263 |  |  |  | 18,976 |
Impairment |  |  | (67,663 | ) |  |  | (1,072 | ) |  |  | (68,735 | )
Translation adjustment |  |  | - |  |  |  | (3,606 | ) |  |  | (3,606 | )
Amortization |  |  | - |  |  |  | (20,621 | ) |  |  | (20,621 | )
Balance as of December 31, 2015 |  | $ | 197,362 |  |  | $ | 112,297 |  |  | $ | 309,659 |
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 |
Goodwill Balance by Reportable Segment | The following table presents goodwill balance by reportable segment as of December 31, 2015 and 2014 (in thousands):
|  | As of December 31, |
|  | 2015 |  |  | 2014 |
Service Centers |  | $ | 164,244 |  |  | $ | 167,302 |
Innovative Pumping Solutions |  |  | 15,980 |  |  |  | 68,872 |
Supply Chain Services |  |  | 17,138 |  |  |  | 17,138 |
Total |  | $ | 197,362 |  |  | $ | 253,312 |
Amortizable Other Intangible Assets | The following table presents a summary of amortizable other intangible assets (in thousands):
|  | As of December 31, 2015 |  |  | As of December 31, 2014 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |
Vendor agreements |  | $ | 2,496 |  |  | $ | (2,496 | ) |  | $ | - |  |  | $ | 2,496 |  |  | $ | (1,330 | ) |  | $ | 1,166 |
Customer relationships |  |  | 195,580 |  |  |  | (83,741 | ) |  |  | 111,839 |  |  |  | 192,512 |  |  |  | (63,957 | ) |  |  | 128,555 |
Non-compete agreements |  |  | 1,815 |  |  |  | (1,357 | ) |  |  | 458 |  |  |  | 1,737 |  |  |  | (1,125 | ) |  |  | 612 |
Total |  | $ | 199,891 |  |  | $ | (87,594 | ) |  | $ | 112,297 |  |  | $ | 196,745 |  |  | $ | (66,412 | ) |  | $ | 130,333 |
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):
2016 |  | $ | 18,161 |
2017 |  |  | 17,304 |
2018 |  |  | 15,657 |
2019 |  |  | 14,212 |
2020 |  |  | 10,778 |
Thereafter |  |  | 36,185 |

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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=26713463&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=26713463&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 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 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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