Note 9. Goodwill

3 Months Ended

Nov. 30, 2012

9. GOODWILL

There was no goodwill acquired during the first three months of fiscal 2013. Changes in the carrying amount of goodwill by segment for the three months ended November 30, 2012 are as follows (in thousands):

	U.S.		Europe		Asia Pacific			Total
Balance at August 31, 2012	$	167,817	$	73,806	$	4,168		$	245,791
Purchase price adjustments		5		0		0			5
Foreign currency translations		0		1,148		(210	)		938
Balance at November 30, 2012	$	167,822	$	74,954	$	3,958		$	246,734

The increase in goodwill within the U.S segment during the first quarter fiscal 2013 was due to FactSet finalizing the working capital of StreetAccount, which was acquired on June 29, 2012. The measurement period for purchase price allocations ends as soon as information on the facts and circumstances becomes available, but will not exceed 12 months.

Goodwill is not amortized as it has an estimated infinite life. At least annually, the Company evaluates goodwill at the reporting unit level for potential impairment. Goodwill is tested for impairment based on the present value of discounted cash flows, and, if impaired, written down to fair value based on discounted cash flows. The Company has three reporting units, which are consistent with the operating segments reported because there is no discrete financial information available for the subsidiaries within each operating segment. The Company’s reporting units evaluated for potential impairment were U.S., Europe and Asia Pacific, which reflects the level of internal reporting the Company uses to manage its business and operations. The Company performed an annual goodwill impairment test during the fourth quarter of fiscal years 2012, 2011 and 2010, which determined that there were no reporting units that were deemed at risk. The fair value of each of the Company’s reporting units significantly exceeded carrying value, thus there had been no impairment.