GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

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, 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