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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2016
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, 2016 (in thousands):
|  | Goodwill |  |  | Other Intangible Assets |  |  | Total |
Balances as of December 31, 2015 |  | $ | 197,362 |  |  | $ | 112,297 |  |  | $ | 309,659 |
Sale of subsidiary |  |  | (9,620 | ) |  |  | - |  |  |  | (9,620 | )
Purchase accounting adjustment |  |  | (151 | ) |  |  | - |  |  |  | (151 | )
Translation adjustment |  |  | - |  |  |  | 595 |  |  |  | 595 |
Amortization |  |  | - |  |  |  | (18,061 | ) |  |  | (18,061 | )
Balances as of December 31, 2016 |  | $ | 187,591 |  |  | $ | 94,831 |  |  | $ | 282,422 |
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 |
Balances 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 | )
Balances as of December 31, 2015 |  | $ | 197,362 |  |  | $ | 112,297 |  |  | $ | 309,659 |
Goodwill Balance by Reportable Segment | The following table presents goodwill balance by reportable segment as of December 31, 2016 and 2015 (in thousands):
|  | As of December 31, |
|  | 2016 |  |  | 2015 |
Service Centers |  | $ | 154,473 |  |  | $ | 164,244 |
Innovative Pumping Solutions |  |  | 15,980 |  |  |  | 15,980 |
Supply Chain Services |  |  | 17,138 |  |  |  | 17,138 |
Total |  | $ | 187,591 |  |  | $ | 197,362 |
Amortizable Other Intangible Assets | The following table presents a summary of amortizable other intangible assets (in thousands):
|  | As of December 31, 2016 |  |  | As of December 31, 2015 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |
Customer relationships |  |  | 163,022 |  |  |  | (68,446 | ) |  |  | 94,576 |  |  |  | 195,580 |  |  |  | (83,741 | ) |  |  | 111,839 |
Non-compete agreements |  |  | 1,836 |  |  |  | (1,581 | ) |  |  | 255 |  |  |  | 1,815 |  |  |  | (1,357 | ) |  |  | 458 |
Total |  | $ | 164,858 |  |  | $ | (70,027 | ) |  | $ | 94,831 |  |  | $ | 197,395 |  |  | $ | (85,098 | ) |  | $ | 112,297 |
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):
2017 |  | $ | 17,209 |
2018 |  |  | 15,558 |
2019 |  |  | 14,114 |
2020 |  |  | 10,680 |
2021 |  |  | 8,427 |
Thereafter |  |  | 28,843 |

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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=66006027&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=66006027&loc=d3e16265-109275 + 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=66006027&loc=d3e16323-109275 + Details
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