Note 7. Goodwill

The carrying amount of goodwill at March 31, 2014 and 2013 was $38.0 million and $35.4 million, respectively, and has been recorded in connection with the Company’s acquisition of Impella Cardiosystems AG, or Impella, in 2005. The goodwill activity is as follows:


	(in $000’s)
Balance at March 31, 2012	$	36,846
Exchange rate impact		(1,436	)

Balance at March 31, 2013		35,410
Exchange rate impact		2,580

Balance at March 31, 2014	$	37,990

The Company has no accumulated impairment losses on goodwill.