GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

The changes to goodwill for the six months ended June 30, 2013 were as follows (in thousands):



	2013
Balance at January 1, 2013	$	593,771
Decrease from adjustments during the measurement period related to acquisitions	(10,813		)
Foreign currency translation	(7,683		)
Balance at June 30, 2013	$	575,275

The goodwill related to the 2012 acquisitions includes estimates that are subject to change based upon final fair value determinations.

The Company assesses goodwill for impairment at least on an annual basis as of December 31, or when events or changes in the business environment indicate that the carrying value of the reporting unit may exceed its fair value, by comparing the fair value of each reporting unit to its carrying value, including goodwill. As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012, the Company continues to assess the performance of its Oil and Gas Field Services reporting unit. The lower than anticipated results in the second quarter of 2013 were primarily due to historic flooding conditions in Western Canada. The Company performed an interim sensitivity analysis of the impact of the lower than anticipated results on the reporting unit's fair value in the second quarter, and concluded the fair value of the reporting unit more likely than not exceeds its carrying value at June 30, 2013. The financial performance of this reporting unit is affected by weather conditions and fluctuations in oil and gas prices. The Company has been closely monitoring its performance, and will continue to assess this reporting unit's performance. There can be no assurance that future events will not result in an impairment of goodwill.

Below is a summary of amortizable other intangible assets (in thousands):



	June 30, 2013							December 31, 2012
	Cost		Accumulated Amortization		Net		Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net		Weighted Average Amortization Period (in years)
Permits	$	146,572	$	48,095	$	98,477	18.1	$	148,661	$	46,282	$	102,379	21.8
Customer and supplier relationships	368,699		39,659		329,040		13.0	372,751		27,739		345,012		13.2
Other intangible assets	25,843		13,434		12,409		3.4	22,027		12,121		9,906		3.6
Total amortizable permits and other intangible assets	541,114		101,188		439,926		12.8	543,439		86,142		457,297		13.6
Trademarks and trade names	115,496		—		115,496		Indefinite	115,520		—		115,520		Indefinite
Total permits and other intangible assets	$	656,610	$	101,188	$	555,422		$	658,959	$	86,142	$	572,817

The total amounts and the weighted average amortization period by major intangible asset classes as it relates to the 2012 acquisitions as of June 30, 2013, were as follows (in thousands):



	Safety-Kleen Total Amount Assigned		Safety-Kleen Weighted Average Amortization Period (in years)	Other 2012 Acquisitions Total Amount Assigned		Other 2012 Acquisitions Weighted Average Amortization Period (in years)
Permits	$	37,300	29.5	$	4,100	2.5
Customer and supplier relationships	270,474		17.3	17,575		7.5
Other intangible assets	1,563		2.2	850		4.3
Total amortizable permits and other intangible assets	309,337		17.7	22,525		5.3
Trademarks and trade names	113,800		Indefinite	—
Total permits and other intangible assets	$	423,137		$	22,525

Below is the expected future amortization of the net carrying amount of finite lived intangible assets at June 30, 2013 (in thousands):



Years Ending December 31,	Expected Amortization
2013 (six months)	$	18,400
2014	36,220
2015	35,253
2016	34,471
2017	33,085
Thereafter	282,497
	$	439,926

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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