Note 10. Goodwill, net

The changes in the carrying amount of goodwill for the six month period ended June 30, 2011 are as follows:

Goodwill, net


	Metal Bearing
	Components
(In Thousands of Dollars)	Segment
Balance as of January 1, 2011	$	8,396
Currency translation impacts		921

Balance as of June 30, 2011	$	9,317

The goodwill balance is tested for impairment on an annual basis during the fourth quarter and between annual tests if a triggering event occurs. During the three and six month periods ended June 30, 2011, the financial results of the reporting unit with a goodwill balance exceeded the forecasted results used in testing for impairment at December 31, 2010. As of June 30, 2011, there are no further indications of impairment at this reporting unit.