Note 8 – Goodwill

The carrying amounts of goodwill for 2012 and 2013 are as follows:



		Amount
		(In thousands)
Balance as of December 31, 2011	$	130,747
Purchase price adjustments		(1,623)
Acquisitions		17,987
Foreign currency translation impact		147
Balance as of December 31, 2012	$	147,258
Purchase price adjustments		(1,463)
Foreign currency translation impact		725
Balance as of December 31, 2013	$	146,520

The excess purchase price over the fair value of assets acquired is recorded as goodwill. During 2013, we adjusted the purchase price for one of our 2012 acquisitions, which resulted in the reduction of goodwill by $1.5 million. 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.

See Note 17 – Acquisitions of Notes to Consolidated Financial Statements for additional discussion related to acquisitions in 2011 and 2012.