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Goodwill, Net
12 Months Ended
Dec. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill, Net
9) Goodwill, Net

As of December 31, 2013, we have recorded goodwill at only one site, the Pinerolo Plant reporting unit of the Metal Bearing Components Segment. We completed our annual goodwill impairment review during the fourth quarters of 2013, 2012, and 2011. For the years ended December 31, 2013, 2012 and 2011, we concluded that there were no indicators of impairment at the Pinerolo Plant reporting unit.

The changes in the carrying amount of goodwill for the years ended December 31, 2013, 2012 and 2011 are as follows:

 

(In thousands)    Metal Bearing
Components
Segment
 

Balance as of January 1, 2011

   $ 8,396   

Currency impacts

     (357
  

 

 

 

Balance as of December 31, 2011

   $ 8,039   

Currency impacts

     215   
  

 

 

 

Balance as of December 31, 2012

   $ 8,254   

Currency impacts

     370   
  

 

 

 

Balance as of December 31, 2013

   $ 8,624   
  

 

 

 

The cumulative accumulated impairment charges included in the reported goodwill balances at December 31, 2013, 2012 and 2011 were $40,045 all of which were recorded during the years ended December 31, 2008 and 2007.