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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 by segment are as follows: 
(thousands)
Manufacturing
Distribution
Total
Balance - January 1, 2018
$
179,471

$
28,573

$
208,044

Acquisitions
56,704

17,138

73,842

Adjustment to prior year preliminary purchase price allocation
(830
)
678

(152
)
Balance - December 31, 2018
235,345

46,389

281,734

Acquisitions
21,488


21,488

Adjustment to prior year preliminary purchase price allocation
11,569

4,558

16,127

Balance - December 31, 2019
$
268,402

$
50,947

$
319,349


Goodwill at December 31, 2019 and 2018 includes $27.4 million of accumulated impairment in the manufacturing segment.
Schedule of intangible assets, net
Intangible assets, net consist of the following at December 31, 2019 and 2018:  
(thousands)
2019


Weighted
Average
Useful Life
(years)

2018


Weighted
Average
Useful Life
(years)
Customer relationships
$
357,513


10.1

$
366,228


10.1
Non-compete agreements
16,202


5.0

19,159


4.9
Patents
16,495


14.6

1,048


8.9
Trademarks
88,524


Indefinite

82,358


Indefinite

478,734




468,793


 
Less: accumulated amortization
(121,720
)

 

(85,811
)

 
Intangible assets, net
$
357,014


 

$
382,982


 

Schedule of changes in intangible assets
Changes in the carrying value of intangible assets for the years ended December 31, 2019 and 2018 by segment are as follows: 
(thousands)
Manufacturing
 
Distribution
 
Total 
Balance - January 1, 2018
$
220,540

 
$
42,927

 
$
263,467

Acquisitions
112,517

 
42,085

 
154,602

Amortization
(27,413
)
 
(6,800
)
 
(34,213
)
Adjustment to prior year preliminary purchase price allocation
(1,159
)
 
285

 
(874
)
Balance - December 31, 2018
304,485

 
78,497

 
382,982

Acquisitions
17,922

 

 
17,922

Amortization
(29,457
)
 
(6,451
)
 
(35,908
)
Adjustment to prior year preliminary purchase price allocation
(10,827
)
 
2,845

 
(7,982
)
Balance - December 31, 2019
$
282,123

 
$
74,891

 
$
357,014