XML 55 R40.htm IDEA: XBRL DOCUMENT
v3.21.2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of 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, 2020 (in thousands):
| Goodwill |  | Other Intangible Assets |  | Total
Balances as of December 31, 2019 | $ | 194,052 |  |  | $ | 52,582 |  |  | $ | 246,634 |
Translation adjustment | — |  |  | (4) |  |  | (4) |
Acquisitions (restated) | 104,150 |  |  | 39,797 |  |  | 143,947 |
Impairment | (36,435) |  |  | — |  |  | (36,435) |
Amortization | — |  |  | (12,287) |  |  | (12,287) |
Balances as of December 31, 2020 | $ | 261,767 |  |  | $ | 80,088 |  |  | $ | 341,855 |
The following table presents the changes in the carrying amount of goodwill and other intangible assets during the year ended December 31, 2019 (in thousands):
| Goodwill |  | Other Intangible Assets |  | Total
Balances as of December 31, 2018 | $ | 194,052 |  |  | $ | 67,207 |  |  | $ | 261,259 |
Translation adjustment | — |  |  | 449 |  |  | 449 |
Amortization | — |  |  | (15,074) |  |  | (15,074) |
Balances as of December 31, 2019 | $ | 194,052 |  |  | $ | 52,582 |  |  | $ | 246,634 |
Schedule of Goodwill Balance by Reportable Segment | The following table presents the goodwill balance by reportable segment as of December 31, 2020 and 2019 (in thousands):
| As of December 31,
| 2020 |  | 2019
Service Centers | $ | 244,628 |  |  | $ | 160,934 |
Innovative Pumping Solutions | — |  |  | 15,980 |
Supply Chain Services | 17,139 |  |  | 17,138 |
Total | $ | 261,767 |  |  | $ | 194,052 |
Schedule of Other Intangible Assets | The following table presents a summary of other intangible assets ( in thousands):
| As of December 31, 2020 |  | As of December 31, 2019
| Gross Carrying Amount |  | Accumulated Amortization |  | Carrying Amount, net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Carrying Amount, net
Customer relationships | $ | 193,747 |  |  | $ | (116,028) |  |  | $ | 77,719 |  |  | $ | 156,282 |  |  | $ | (103,796) |  |  | $ | 52,486 |
Non-compete agreements | 2,617 |  |  | (248) |  |  | 2,369 |  |  | 285 |  |  | (189) |  |  | 96 |
Total | $ | 196,364 |  |  | $ | (116,276) |  |  | $ | 80,088 |  |  | $ | 156,567 |  |  | $ | (103,985) |  |  | $ | 52,582 |
Schedule of Future Amortization Expense of Other Intangible Assets | The estimated future annual amortization of intangible assets for each of the next five years and thereafter are as follows (in thousands):
2021 | $ | 15,564 |
2022 | 14,223 |
2023 | 12,504 |
2024 | 10,426 |
2025 | 9,023 |
Thereafter | 18,348 |
Total | $ | 80,088 |

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://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 + 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://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=121556970&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=121556970&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://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=121556970&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://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 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration