GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2015

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, 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