Goodwill

The Company evaluates goodwill for impairment annually on July 1 and upon the occurrence of certain triggering events or substantive changes in circumstances that indicate that the fair value of goodwill may be impaired. There were no triggering events identified during the first quarter of fiscal 2017 requiring an interim goodwill impairment test.

The gross changes in the carrying amount of goodwill by reportable segment for the three months ended November 30, 2016 were as follows (in thousands):



	Auto and Metals Recycling
August 31, 2016	$	166,847
Foreign currency translation adjustment	(415		)
November 30, 2016	$	166,432

Accumulated goodwill impairment charges were $471 million as of November 30, 2016 and August 31, 2016.