6.	GOODWILL

The Company’s goodwill at December 31, 2014 and 2013 is related to its previous acquisitions of four businesses. The Company evaluates each reporting unit’s fair value as compared to its carrying value on December 31 of each year or more frequently if events or changes in circumstances indicate that the carrying value may exceed the fair value. The Company first performs a qualitative assessment to determine whether it is necessary to perform the two-step goodwill impairment test. If Step 1 of the quantitative goodwill impairment test is performed, the fair value of a reporting unit is measured using a discounted cash flow model incorporating discount rates commensurate with the risks involved for each reporting unit. The key assumptions used in the discounted cash flow model include discount rates, growth rates, cash flow projections and terminal value rates. These rates are susceptible to change and require significant management judgment. Impairments to goodwill are charged against earnings in the period the impairment is identified. The Company has two reporting units for which goodwill was tested on December 31, 2014: the Americas Region, and the Europe/Africa Region, as shown in the table below. As of December 31, 2014 and 2013, the Company did not have any goodwill that was identified as impaired. The decrease in goodwill in 2014 related to changes in foreign exchange rates, partially offset by goodwill resulting from an acquisition completed in 2014. Changes in goodwill of $0.5 million in 2013 were due to adjustments for changes in foreign exchange rates.


December 31, 2014	Beginning Balance		Additions		Foreign Currency Translation			Ending Balance

Americas Region	$	6,994	$	1,372	$	—		$	8,366
Europe/Africa region		12,364		—		(1,525	)		10,839
Asia-Pacific Region		—		—		—			—

Total	$	19,358	$	1,372	$	(1,525	)	$	19,205


December 31, 2013	Beginning Balance		Additions		Foreign Currency Translation		Ending Balance

Americas Region	$	6,994	$	—	$	—	$	6,994
Europe/Africa region		11,822		—		542		12,364
Asia-Pacific Region		—		—		—		—

Total	$	18,816	$	—	$	542	$	19,358