Goodwill

A reconciliation of the activity for goodwill for 2017 and 2016 is as follows:

	Fiscal Year
(in thousands)	2017			2016
Beginning balance - goodwill	$	144,586		$	117,954
System Transformation Transactions acquisitions⁽¹⁾		35,867			26,272
October 2017 Divestitures		(13,073	)		-
2015 Asset Exchange		-			(682	)
Measurement period adjustments⁽²⁾		1,936			1,042
Ending balance - goodwill	$	169,316		$	144,586

⁽¹⁾System Transformation Transactions acquisitions includes an increase in goodwill of $7.4 million in 2017 and a decrease in goodwill of $5.8 million in 2016 from the opening balance sheets for the Expansion Territories and Expansion Facilities acquired in the System Transformation during 2017 and 2016, respectively, as disclosed in the financial statements in the Company’s filed periodic reports. These adjustments are for post-closing adjustments made in accordance with the terms and conditions of the applicable asset purchase agreement or asset exchange agreement for each System Transformation Transaction.

⁽²⁾ Measurement period adjustments relate to post-closing adjustments made in accordance with the terms and conditions of the applicable asset purchase agreement or asset exchange agreement for each System Transformation Transaction.

The Company’s goodwill resides entirely within the Nonalcoholic Beverage segment. The Company performed its annual impairment test of goodwill as of the first day of the fourth quarter of 2017, 2016 and 2015 and determined there was no impairment of the carrying value of these assets.