XML 52 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018 (in thousands):
 
Goodwill
 
Other
Intangible
Assets
 
Total
Balances as of December 31, 2017
$
187,591

 
$
78,525

 
$
266,116

Translation adjustment

 
(917
)
 
(917
)
Acquisition of ASI
6,461

 
6,185

 
12,646

Amortization

 
(16,586
)
 
(16,586
)
Balances as of December 31, 2018
$
194,052

 
$
67,207

 
$
261,259

 
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

Schedule of Goodwill Balance by Reportable Segment
The following table presents the goodwill balance by reportable segment as of December 31, 2018 and 2017 (in thousands):
 
As of December 31,
 
2018
 
2017
Service Centers
$
160,934

 
$
154,473

Innovative Pumping Solutions
15,980

 
15,980

Supply Chain Services
17,138

 
17,138

Total
$
194,052

 
$
187,591

Schedule of Other Intangible Assets
The following table presents a summary of amortization of other intangible assets ( in thousands):
 
As of December 31, 2018
 
As of December 31, 2017
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Carrying
Amount,
net
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Carrying
Amount,
net
Customer relationships
$
168,255

 
$
(101,200
)
 
$
67,055

 
$
162,200

 
$
(83,806
)
 
$
78,394

Non-compete agreements
784

 
(632
)
 
152

 
949

 
(818
)
 
131

Total
$
169,039

 
$
(101,832
)
 
$
67,207

 
$
163,149

 
$
(84,624
)
 
$
78,525

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):
2019
$
15,479

2020
12,674

2021
10,792

2022
10,091

2023
8,665

Thereafter
9,506

Total
$
67,207