XML 49 R35.htm IDEA: XBRL DOCUMENT
v3.8.0.1

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
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, 2017 (in thousands):
|  | Goodwill |  |  | Other Intangible Assets |  |  | Total |
Balances as of December 31, 2016 |  | $ | 187,591 |  |  | $ | 94,831 |  |  | $ | 282,422 |
Translation adjustment |  |  | - |  |  |  | 960 |  |  |  | 960 |
Amortization |  |  | - |  |  |  | (17,266 | ) |  |  | (17,266 | )
Balances as of December 31, 2017 |  | $ | 187,591 |  |  | $ | 78,525 |  |  | $ | 266,116 |
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 |
Goodwill Balance by Reportable Segment | The following table presents goodwill balance by reportable segment as of December 31, 2017 and 2016 (in thousands):
|  | As of December 31, |
|  | 2017 |  |  | 2016 |
Service Centers |  | $ | 154,473 |  |  | $ | 154,473 |
Innovative Pumping Solutions |  |  | 15,980 |  |  |  | 15,980 |
Supply Chain Services |  |  | 17,138 |  |  |  | 17,138 |
Total |  | $ | 187,591 |  |  | $ | 187,591 |
Amortizable Other Intangible Assets | The following table presents a summary of amortizable other intangible assets (in thousands):
|  | As of December 31, 2017 |  |  | As of December 31, 2016 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Carrying Amount, net |
Customer relationships |  | $ | 162,200 |  |  | $ | (83,806 | ) |  | $ | 78,394 |  |  | $ | 163,022 |  |  | $ | (68,446 | ) |  | $ | 94,576 |
Non-compete agreements |  |  | 949 |  |  |  | (818 | ) |  |  | 131 |  |  |  | 1,836 |  |  |  | (1,581 | ) |  |  | 255 |
Total |  | $ | 163,149 |  |  | $ | (84,624 | ) |  | $ | 78,525 |  |  | $ | 164,858 |  |  | $ | (70,027 | ) |  | $ | 94,831 |
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):
2018 |  | $ | 15,615 |
2019 |  |  | 14,170 |
2020 |  |  | 10,292 |
2021 |  |  | 8,911 |
2022 |  |  | 7,264 |
Thereafter |  |  | 22,273 |
Total |  | $ | 78,525 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + 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 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration