GOODWILL

The changes in the carrying amount of goodwill by operating segment consist of the following (in thousands):



	North America		International			Total
Goodwill, December 31, 2013	$	692,639	$	25,948		$	718,587
Acquisition	421,724		—			421,724
Effect of foreign currency translation	—		(1,506		)	(1,506		)
Goodwill, December 31, 2014	1,114,363		24,442			1,138,805
Acquisitions	112,947		2,400			115,347
Effect of foreign currency translation	—		(1,207		)	(1,207		)
Goodwill, December 31, 2015	$	1,227,310	$	25,635		$	1,252,945

The Company recorded goodwill of approximately $421.7 million in connection with the April 1, 2014 acquisition of the Apartments.com Business. The Company recorded goodwill of approximately $107.7 million in connection with the June 1, 2015 acquisition of Apartment Finder and recorded goodwill of approximately $2.4 million in connection with the July 1, 2015 acquisition of the assets of Belbex Corporate, S.L., a small commercial real estate information provider operating in Madrid, Spain. Additionally, the Company recorded goodwill of approximately $5.3 million during the year ended December 31, 2015 in connection with the acquisitions of certain assets related to the business operations of Apartment Finder's independent distributors within various markets.

During the fourth quarters of 2013, 2014 and 2015, the Company completed the annual impairment test of goodwill and concluded that goodwill was not impaired.