10.

GOODWILL

Changes in the carrying amount of goodwill by segment for fiscal years ended

August 31, 2017

and

2016

are as follows:

(in thousands)	U.S.			Europe			Asia Pacific			Total
Balance at August 31, 2015	$	211,869		$	93,725		$	2,693		$	308,287
Acquisitions and other adjustments		187,352			—			—			187,352
Disposition		(31,741	)		(665	)		—			(32,406	)
Foreign currency translations		—			(10,780	)		462			(10,318	)
Balance at August 31, 2016	$	367,480		$	82,280		$	3,155		$	452,915
Acquisitions and other adjustments		19,355			216,047			—			235,402
Foreign currency translations		—			19,432			(189	)		19,243
Balance at August 31, 201 7	$	386,835		$	317,759		$	2,966		$	707,560

Goodwill is

not

amortized as it is estimated to have an indefinite life. At least annually, the Company is required to test goodwill at the reporting unit level

for potential impairment, and, if impaired, write down to fair value based on the present value of discounted cash flows. The Company’s reporting units evaluated for potential impairment were the U.S., Europe and Asia Pacific, which reflect the level of internal reporting the Company uses to manage its business and operations. The

three

reporting units are consistent with the operating segments reported as there is

discrete financial information available for the subsidiaries within each operating segment. The Company performed its annual goodwill impairment test during the

fourth

quarter of fiscal

2017,

consistent with the timing of previous years, at which time it was determined that there was

impairment, with the fair value of each of the Company’s reporting units significantly exceeding carrying value. During fiscal

2017

the Company acquired goodwill of

$235.4

million representing the excess of the purchase price over the fair value of the net tangible and intangible assets from acquisitions completed in fiscal

2017