Annual report pursuant to Section 13 and 15(d)

GOODWILL

v3.3.1.900
GOODWILL
12 Months Ended
Dec. 31, 2015
Goodwill, Carrying Amount in Foreign Countries  
GOODWILL
8. GOODWILL

 

Goodwill represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $249.9 million as of December 31, 2015 and $255.6 million as of December 31, 2014. Goodwill decreased for the year ended December 31, 2015 due primarily to currency conversion of foreign goodwill. The carrying amount of goodwill in foreign countries was $36.9 million as of December 31, 2015 and $42.7 million as of December 31, 2014. The changes in the carrying amount of goodwill for the twelve months ended December 31, 2015 and 2014 are as follows:

 

(in thousands)    
Goodwill at December 31, 2013   $ 211,847  
Goodwill acquired     48,477  
Goodwill adjustments due to currency translation     (4,761 )
Goodwill at December 31, 2014   $ 255,563  
Goodwill acquired and finalization of allocation of purchase price on previous acquisitions     196  
Goodwill adjustments due to currency translation     (5,820 )
Goodwill at December 31, 2015   $ 249,939