GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2013

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

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, 2013 (in thousands):

	Goodwill	Other Intangible Assets	Total
Balance as of December 31, 2012	$ 145,788	$ 63,189	$ 208,977
Acquired during the period	39,898	22,033	61,931
Adjustments to prior period estimates	2,424	(2,424)	-
Translation adjustment	-	(1,246)	(1,246)
Amortization	-	(11,830)	(11,830)
Balance as of December 31, 2013	$ 188,110	$ 69,722	$ 257,832

The following table presents the changes in the carrying amount of goodwill and other intangible assets during the year ended December 31, 2012 (in thousands):

	Goodwill	Other Intangible Assets	Total
Balance as of December 31, 2011	$  101,764	$ 43,194	$ 144,958
Acquired during the year	44,074	30,643	74,717
Adjustments to prior year estimates	(50)	50	-
Translation adjustment	-	188	188
Amortization	-	(10,886)	(10,886)
Balance as of December 31, 2012	$ 145,788	$ 63,189	$ 208,977

Goodwill balance by reportable segment

The following table presents goodwill balance by reportable segment as of December 31, 2013 and 2012 (in thousands):

	As of December 31,
	2013	2012
Service Centers	$  142,714	$  112,670
Innovative Pumping Solutions	28,258	15,980
Supply Chain Services	17,138	17,138
Total	$  188,110	$  145,788

Amortizable Other Intangible Assets

The following table presents a summary of amortizable other intangible assets (in thousands):

	As of December 31, 2013			As of December 31, 2012
	Gross Carrying Amount	Accumulated Amortization	Carrying Amount, net	Gross Carrying Amount	Accumulated Amortization	Carrying Amount, net
Vendor agreements	$    2,496	$   (1,205)	$    1,291	$    2,496	$   (1,081)	$    1,415
Customer relationships	109,897	(42,468)	67,429	90,851	(30,010)	60,841
Non-compete agreements	1,739	(737)	1,002	1,541	(608)	933
Total	$ 114,132	$ (44,410)	$  69,722	$ 94,888	$ (31,699)	$  63,189

Estimated future annual amortization of intangible assets

The estimated future annual amortization of intangible assets for each of the next five years and thereafter are as follows (in thousands):

2014	12,966
2015	11,532
2016	9,172
2017	9,089
2018	8,354
Thereafter	18,609