GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2014

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

The following table presents the changes in the carrying amount of goodwill and other intangible assets during the nine months ended September 30, 2014 (in thousands):

	Goodwill	Other Intangible Assets	Total

Balance as of December 31, 2013	$ 188,110	$ 69,722	$ 257,832
Acquired during the period	185,609	85,264	270,873
Translation adjustment	-	(1,158)	(1,158)
Amortization	-	(13,874)	(13,874)
Balance as of September 30, 2014	$ 373,719	$ 139,954	$ 513,673

Goodwill balance by reportable segment

The following table presents goodwill balance by reportable segment as of September 30, 2014 and December 31, 2013 (in thousands):

	2014	2013
Service Centers	$ 192,482	$ 142,714
Innovative Pumping Solutions	164,099	28,258
Supply Chain Services	17,138	17,138
Total	$ 373,719	$ 188,110

Amortizable Other Intangible Assets

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

	As of September 30, 2014			As of December 31, 2014
	Gross Carrying Amount	Accumulated Amortization	Carrying Amount, net	Gross Carrying Amount	Accumulated Amortization	Carrying Amount, net
Vendor agreements	$ 2,496	$ (1,299)	$ 1,197	$ 2,496	$ (1,205)	$ 1,291
Customer relationships	193,794	(55,738)	138,056	109,897	(42,468)	67,429
Non-compete agreements	1,739	(1,038)	701	1,739	(737)	1,002
Total	$ 198,029	$ (58,075)	$ 139,954	$ 114,132	$ (44,410)	$ 69,722