Note 8 – Goodwill

The carrying amount of goodwill as of June 30, 2015, was as follows:



		Amount
		(In thousands)
Balance as of December 31, 2014	$	144,325
Acquisitions		24,429
Foreign currency translation impact		(1,263)
Balance as of June 30, 2015 (unaudited)	$	167,491

The excess purchase price over the fair value of assets acquired is recorded as goodwill. 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, 2015. No impairment of goodwill was identified during 2015 or 2014.

See “Note 17 – Acquisitions” of Notes to Consolidated Financial Statements for additional discussion related to our acquisitions in the first quarter of 2015.