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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2018

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 six months ended June 30, 2018 (in thousands):

		Goodwill				Other Intangible Assets				Total
Balance as of December 31, 2017		$	187,591			$	78,525			$	266,116
Acquired during the period			6,442				6,185				12,627
Translation adjustment			-				(551	)			(551	)
Amortization			-				(8,477	)			(8,477	)
Balance as of June 30, 2018		$	194,033			$	75,682			$	269,715

Goodwill Balance by Reportable Segment

The following table presents the goodwill balance by reportable segment as of June 30, 2018 and December 31, 2017 (in thousands):

		June 30, 2018				December 31, 2017
Service Centers		$	160,914			$	154,473
Innovative Pumping Solutions			15,980				15,980
Supply Chain Services			17,139				17,138
Total		$	194,033			$	187,591

Amortizable Other Intangible Assets

The following table presents a summary of amortizable other intangible assets (in thousands):

		June 30, 2018												December 31, 2017
		Gross Carrying Amount				Accumulated Amortization				Carrying Amount, net				Gross Carrying Amount				Accumulated Amortization				Carrying Amount, net
Customer relationships		$	168,255			$	(92,767	)			75,488				162,200				(83,806	)			78,394
Non-compete agreements			784				(590	)			194				949				(818	)			131
Total		$	169,039			$	(93,357	)		$	75,682			$	163,149			$	(84,624	)		$	78,525

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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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-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

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

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