GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 (in thousands):

	Goodwill		Other Intangible Assets, Net		Total
Balances as of December 31, 2022	$	333,759	$	79,584	$	413,343
Translation adjustment	464		15		479
Acquisitions	9,768		2,527		12,295
Amortization	—		(18,231)		(18,231)
Balances as of December 31, 2023	$	343,991	$	63,895	$	407,886

The following table presents the changes in the carrying amount of goodwill and other intangible assets during the year ended December 31, 2022 (in thousands):

	Goodwill		Other Intangible Assets, Net		Total
Balances as of December 31, 2021	$	296,541	$	79,205	$	375,746
Translation adjustment	(1,290)		(136)		(1,426)
Acquisitions	38,508		19,430		57,938
Amortization	—		(18,915)		(18,915)
Balances as of December 31, 2022	$	333,759	$	79,584	$	413,343

Schedule of Goodwill Balance by Reportable Segment

The following table presents the goodwill balance by reportable segment as of December 31, 2023 and 2022 (in thousands):

	December 31,
	2023		2022
Service Centers	$	270,865	$	269,106
Innovative Pumping Solutions	55,987		47,514
Supply Chain Services	17,139		17,139
Total	$	343,991	$	333,759

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):

	Amount
2024	$	16,120
2025	14,356
2026	11,721
2027	10,141
2028	8,535
Thereafter	3,022
Total	$	63,895