3. GOODWILL

The change in the carrying amount of goodwill for 2014 and 2013 is as follows (in thousands):

	December 31, 2014			December 31, 2013
Beginning balance	$	20,233		$	5,782
Goodwill acquired		—			14,209
Acquisition adjustments		(1,223	)		—
Effect of foreign currency translation		(707	)		242

Ending balance	$	18,303		$	20,233

The purchase price allocation has been revised to reflect final valuations of intangible assets, property plant and equipment, adjustments to income taxes and the offsetting adjustments to goodwill (Note 2).