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GOODWILL
 12 Months Ended
Dec. 31, 2016
Goodwill [Abstract]  
GOODWILL
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, 2014
$
1,114,363

 
$
24,442

 
$
1,138,805

Acquisition
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

Acquisitions
467

 
5,933

 
6,400

Effect of foreign currency translation
—

 
(4,479
)
 
(4,479
)
Goodwill, December 31, 2016
$
1,227,777

 
$
27,089

 
$
1,254,866



The Company recorded goodwill of approximately $108 million in connection with the June 1, 2015 acquisition of Apartment Finder and recorded goodwill of approximately $2 million in connection with the July 1, 2015 acquisition of the assets of Belbex Corporate, S.L., a commercial real estate information provider operating in Madrid, Spain. Additionally, the Company recorded goodwill of approximately $5 million and $467,000 during the years ended December 31, 2015 and 2016, respectively, in connection with the acquisition of certain assets related to the business operations of Apartment Finder's independent distributors within various markets. Finally, the Company recorded goodwill of approximately $6 million in connection with the May 3, 2016 acquisition of Thomas Daily GmbH (“Thomas Daily”), a commercial real estate news and information provider operating in Freiburg, Germany.

During the fourth quarters of 2014, 2015 and 2016, the Company completed the annual impairment test of goodwill and concluded that goodwill was not impaired.