Note 8 – Goodwill

The carrying amounts of goodwill for 2014, 2015, and 2016 are as follows:



		Amount
		(In thousands)
Balance as of December 31, 2014	$	144,325
Acquisitions		116,635
Foreign currency translation impact		(3,242)
Balance as of December 31, 2015	$	257,718
Acquisitions		419
Purchase price adjustments		(1,585)
Foreign currency translation impact		(3,355)
Balance as of December 31, 2016	$	253,197

The excess purchase price over the fair value of assets acquired is recorded as goodwill. We have one operating segment and one reporting unit. 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, 2016. No impairment of goodwill was identified during 2016 and 2015. Goodwill is deductible for tax purposes in certain jurisdictions.

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