Goodwill

The goodwill of acquired companies is primarily related to the acquisition of an experienced and knowledgeable workforce. The following table presents goodwill balances and foreign currency translation adjustments to those balances for the Company's reportable segments that have goodwill during the nine months ended June 30, 2017:



Goodwill (in thousands)	CAG		GovDeals		Total
Balance at September 30, 2016	21,403		23,731		45,134
Translation adjustments	55		—		55
Balance at June 30, 2017	$	21,458	$	23,731	$	45,189

During fiscal year 2016, the Company made a voluntary change in the method of applying an accounting principle to change the date of the annual goodwill impairment assessment. The date was changed from September 30 to July 1. On July 1, 2016 the Company identified indicators of impairment, performed an impairment analysis, and as a result recorded a $19.0 million impairment charge to the RSCG segment during the fourth quarter of fiscal 2016. The Company's remaining reporting units with goodwill had fair values as of July 1, 2016 that substantially exceeded their respective book values.