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Goodwill and other intangibles
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other intangibles
Goodwill and other intangibles. The summary of changes in goodwill is as follows.
 
Title
 
Ancillary Services and Corporate
 
Consolidated Total
 
 
 
($000 omitted)

 
 
Balances at December 31, 2016
211,365

 
5,729

 
217,094

Acquisitions
14,419

 

 
14,419

Disposals
(85
)
 

 
(85
)
Balances at September 30, 2017
225,699

 
5,729

 
231,428


During the second quarter 2017, the Company acquired certain title businesses primarily funded by borrowings on the Company's unsecured line of credit. The Company completed its purchase price allocations related to these businesses during the third quarter 2017 and, as a result, increased its goodwill related to the title segment by a total of $14.4 million, which is deductible in full for income tax purposes over a period of 15 years. Also, in connection with the acquisitions, the Company identified and recorded $2.6 million of other intangibles, primarily related to acquired software to be amortized over 5 years from the date of acquisition.
The Company evaluates goodwill for impairment annually based on information as of June 30 of the current year or more frequently if circumstances suggest that an impairment may exist. The Company performed the annual goodwill impairment analysis during the quarter ended September 30, 2017, utilizing the qualitative assessment method for the direct operations, agency operations, international operations and ancillary services reporting units. Based on the qualitative analysis performed, the Company concluded that the goodwill related to all reporting units was not impaired.