Goodwill

Changes in the carrying value of goodwill for each reporting unit are as follows (in thousands):



	Chemical Technologies		Non-energy Chemical Technologies		Teledrift		Total
Balance at December 31, 2012	$	11,610	$	—	$	15,333	$	26,943
Add:
Acquisition of Florida Chemical	18,686		20,642		—		39,328
Balance at June 30, 2013	$	30,296	$	20,642	$	15,333	$	66,271

Prior to the acquisition of Florida Chemical, the Company had four reporting units, Chemical Technologies, Drilling Tools, Teledrift, and Artificial Lift Technologies, of which only two, Chemical Technologies and Teledrift, had an existing goodwill balance. For segment reporting purposes, the Teledrift reporting unit is consolidated within the Drilling Technologies segment.

During May 2013, as a result of the Florida Chemical acquisition, the Company recognized $39.3 million of goodwill. During the fair value assessment process, the Company identified two separate reporting units, one which was consolidated within the Chemical Technologies segment and the other which was identified as the Non-energy Chemical Technologies reporting unit and segment. The Company recognized $18.7 million of additional goodwill within the Chemical Technologies reporting unit and $20.6 million of goodwill within the Non-energy Chemical Technologies reporting unit.