Goodwill

Goodwill relates to the Company's franchising segment and was acquired in the following transactions (i) the purchase price of a minority interest in the Company for consideration in excess of the recorded minority interest and (ii) the acquisition of 100% of the stock of Suburban Franchise Holding Company, Inc. and its wholly-owned subsidiary, Suburban Franchise Systems, Inc. (iii) the acquisition of the remaining 60% ownership interest in Choice Hospitality (India) Ltd. The following table details the carrying amount of our goodwill at December 31, 2014 and 2013:



	December 31,
	2014			2013
	(in thousands)
Goodwill	$	66,005		$	66,005
Accumulated impairment losses	(192		)	(192		)
Net carrying amount	$	65,813		$	65,813