Note 8. Goodwill, net

The changes in the carrying amount of goodwill, net for the six month period ended June 30, 2014 are as follows:


(In Thousands of Dollars)	Metal Bearing Components Segment
Balance as of January 1, 2014	$	8,624
Currency translation impacts		28
Goodwill acquired in acquisition		732

Balance as of June 30, 2014	$	9,384

The goodwill balance is tested for impairment on an annual basis during the fourth quarter and between annual tests if a triggering event occurs. As of June 30, 2014, there are no indications of impairment at the reporting units with a goodwill balance.

The goodwill acquired in acquisition during 2014 within the Metal Bearing Components segment was acquired during the three months ended June 30, 2014 with the acquisition of RFK (see Note 2 of the Notes to Condensed Consolidated Financial Statements).