XML 37 R37.htm IDEA: XBRL DOCUMENT v3.20.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2019
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, 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

 
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

Schedule of Goodwill Balance by Reportable Segment
The following table presents the goodwill balance by reportable segment as of December 31, 2019 and 2018 (in thousands):
 
As of December 31,
 
2019
 
2018
Service Centers
$
160,934

 
$
160,934

Innovative Pumping Solutions
15,980

 
15,980

Supply Chain Services
17,138

 
17,138

Total
$
194,052

 
$
194,052

Schedule of Other Intangible Assets
The following table presents a summary of amortization of other intangible assets ( in thousands):
 
As of December 31, 2019
 
As of December 31, 2018
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Carrying
Amount,
net
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Carrying
Amount,
net
Customer relationships
$
156,282

 
$
(103,796
)
 
$
52,486

 
$
168,255

 
$
(101,200
)
 
$
67,055

Non-compete agreements
285

 
(189
)
 
96

 
784

 
(632
)
 
152

Total
$
156,567

 
$
(103,985
)
 
$
52,582

 
$
169,039

 
$
(101,832
)
 
$
67,207

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):
2020
$
11,611

2021
9,287

2022
7,974

2023
6,508

2024
4,886

Thereafter
12,316

Total
$
52,582