5.GOODWILL

The change in the carrying amount of goodwill for the nine months ended September 30, 2014 is as follows (in thousands):

Balance as of December 31, 2013	$	20,233
Acquisition adjustments	(147		)
Effect of foreign currency translation	(475		)
Balance as of September 30, 2014	$	19,611

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