GOODWILL

12 Months Ended

Dec. 31, 2014

Goodwill, Carrying Amount in Foreign Countries

GOODWILL

8. GOODWILL

Goodwill represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $255.6 million as of December 31, 2014 and $211.8 million as of December 31, 2013. Goodwill increased for the year ended December 31, 2014 due primarily to acquisitions and currency conversion of foreign goodwill. The carrying amount of goodwill in foreign countries was $42.7 million as of December 31, 2014 and $9.2 million as of December 31, 2013. The changes in the carrying amount of goodwill for the twelve months ended December 30, 2014 and 2013 are as follows:

(in thousands)
Goodwill at December 31, 2012	$	212,477
Goodwill acquired		40
Goodwill adjustments due to currency translation		(670	)
Goodwill at December 31, 2013	$	211,847
Goodwill acquired and finalization of allocation of purchase price on previous acquisitions		48,477
Goodwill adjustments due to currency translation		(4,761	)
Goodwill at December 31, 2014	$	255,563