XML 40 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 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 three months ended March 31, 2018 (in thousands):

  
Goodwill
  
Other
Intangible Assets
  
Total
 
          
Balance as of December 31, 2017
 
$
187,591
  
$
78,525
  
$
266,116
 
Acquired during the period
  
6,483
   
6,185
   
12,668
 
Translation adjustment
  
-
   
(315
)
  
(315
)
Amortization
  
-
   
(4,358
)
  
(4,358
)
Balance as of March 31, 2018
 
$
194,074
  
$
80,037
  
$
274,111
 
Goodwill Balance by Reportable Segment
The following table presents the goodwill balance by reportable segment as of March 31, 2018 and December 31, 2017 (in thousands):
 
  
March 31,
2018
  
December 31,
2017
 
Service Centers
 
$
160,956
  
$
154,473
 
Innovative Pumping Solutions
  
15,980
   
15,980
 
Supply Chain Services
  
17,138
   
17,138
 
Total
 
$
194,074
  
$
187,591
 
Amortizable Other Intangible Assets
The following table presents a summary of amortizable other intangible assets (in thousands):

  
March 31, 2018
  
 
December 31, 2017
   
 
  
Gross
Carrying
Amount
  
Accumulated
Amortization
  
Carrying Amount, net
  
Gross
Carrying
Amount
  
Accumulated
Amortization
  
Carrying Amount, net
 
Customer relationships
 
$
168,255
  
$
(88,557
)
  
79,698
   
162,200
   
(83,806
)
  
78,394
 
Non-compete agreements
  
784
   
(445
)
  
339
   
949
   
(818
)
  
131
 
Total
 
$
169,039
  
$
(89,002
)
 
$
80,037
  
$
163,149
  
$
(84,624
)
 
$
78,525