GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2014

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 three months ended March 31, 2014 (in thousands):

	Goodwill		Other Intangible Assets			Total
Balance as of December 31, 2013	$	188,110	$	69,722		$	257,832
Acquired during the period		185,979		81,130			267,109
Translation adjustment		-		(965	)		(965	)
Amortization		-		(4,570	)		(4,570	)
Balance as of March 31, 2014	$	374,089		145,317		$	519,406

Goodwill balance by reportable segment

The following table presents goodwill balance by reportable segment as of March 31, 2014 and December 31, 2013 (in thousands):

	2014		2013
Service Centers	$	189,209	$	142,714
Innovative Pumping Solutions		167,742		28,258
Supply Chain Services		17,138		17,138
Total	$	374,089	$	188,110

Amortizable Other Intangible Assets

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

	As of March 31, 2014							As of December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Carrying Amount, net		Gross Carrying Amount		Accumulated Amortization			Carrying Amount, net
Vendor agreements	$	2,496	$	(1,237	)	$	1,259	$	2,496	$	(1,205	)	$	1,291
Customer relationships		189,932		(46,769	)		143,163		109,897		(42,468	)		67,429
Non-compete agreements		1,725		(830	)		895		1,739		(737	)		1,002
Total	$	194,153	$	(48,836	)	$	145,317	$	114,132	$	(44,410	)	$	69,722