Goodwill

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Note 7 — Goodwill

Goodwill consists of the following:

	As of December 31,
	2015			2014
	(in thousands)
Balance, January 1	$	130,976		$	142,972
Cogent acquisition	93,116			—
Foreign currency translation adjustments	(15,068		)	(11,996		)
Balance, December 31	$	209,024		$	130,976

The Company performs a goodwill impairment test annually or more frequently if circumstances indicate that impairment may have occurred. The Company has reviewed its goodwill for potential impairment and determined that the fair value of goodwill exceeded the carrying value. Accordingly, no goodwill impairment loss has been recognized for the years ended December 31, 2015, 2014 or 2013.