Note 8 – Goodwill

The carrying amount of goodwill as of March 31, 2013, was as follows:



		Amount
		(In thousands)
Balance as of December 31, 2012	$	147,258
Purchase price adjustments		(100)
Foreign currency translation impact		(498)
Balance as of March 31, 2012 (unaudited)	$	146,660

The excess purchase price over the fair value of assets acquired is recorded as goodwill. During the first quarter of 2013, we adjusted the purchase price for one of our 2012 acquisitions, which resulted in the reduction of goodwill by $100,000. As we have one operating segment, we allocate goodwill to one reporting unit for goodwill impairment testing. Goodwill is tested for impairment on an annual basis, and between annual tests if indicators of potential impairment exist, using a fair-value-based approach based on the market capitalization of the reporting unit. Our annual impairment test was performed as of February 28, 2013. No impairment of goodwill was identified during 2013 and 2012. Goodwill is deductible for tax purposes in certain jurisdictions.