Annual report pursuant to Section 13 and 15(d)

GOODWILL

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GOODWILL
12 Months Ended
Dec. 31, 2013
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 $211.8 million as of December 31, 2013 and $212.5 million as of December 31, 2012. Goodwill decreased for the year ended December 31, 2013 due primarily to currency conversion of Canadian goodwill partially offset by acquisitions. The carrying amount of goodwill in foreign countries was $9.2 million as of December 31, 2013 $9.8 million as of December 31, 2012. The changes in the carrying amount of goodwill for the twelve months ended December 30, 2013 and 2012 are as follows:

 

 

(in thousands)    
Goodwill at December 31, 2011   $ 211,019  
Goodwill acquired     1,237  
Goodwill adjustments due to currency translation     221  
Goodwill at December 31, 2012   $ 212,477  
Goodwill acquired     73  
Goodwill adjustments due to currency translation     (703 )
Goodwill at December 31, 2013   $ 211,847