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Goodwill
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
Goodwill
 
The following is a summary of the goodwill balance for each operating segment as of December 31 (in thousands): 
 
North America
 
Latin America
 
EMEA
 
Total
Balance as of December 31, 2013
$
171,095

 
$
9,875

 
$
70,259

 
$
251,229

Finalization of purchase accounting for prior year acquisitions
(168
)
 
—

 
693

 
525

Foreign exchange impact
(67
)
 
—

 
(4,739
)
 
(4,806
)
Balance as of December 31, 2014
170,860

 
9,875

 
66,213

 
246,948

Goodwill impairment charge
—

 
—

 
(37,539
)
 
(37,539
)
Foreign exchange impact
(124
)
 
(170
)
 
(2,858
)
 
(3,152
)
Balance as of December 31, 2015
$
170,736

 
$
9,705

 
$
25,816

 
$
206,257


 
2015 Goodwill Impairment Charge

As discussed in Note 2, the Company performed its annual impairment test as of October 1, 2015. In the first step of the impairment test, the Company concluded that the carrying amount of the EMEA reporting unit exceeded its fair value, requiring the Company to perform the second step of the impairment test to measure the amount of impairment loss, if any. The fair values of the North America and Latin America reporting units exceeded their carrying values, and the second step was not necessary.

Based upon fair value estimates of long-lived assets and discounted cash flows of the EMEA reporting unit, the Company compared the implied fair value of the goodwill in this reporting unit with the carrying value. The test resulted in a $37.5 million non-cash, goodwill impairment charge which was recognized in the fourth quarter of 2015. No tax benefit is recognized on the goodwill impairment. This charge had no impact on the Company’s cash flows or compliance with debt covenants.

2013 Goodwill Impairment Charge
 
In the third quarter of 2013, a change in the Company’s identified reporting units along with a decline in forecasted financial performance in fiscal year 2013 compelled management to perform an interim goodwill impairment test for its reporting units as of September 30, 2013. In the first step of the impairment test, the Company concluded that the carrying amount of the EMEA reporting unit exceeded its fair value, requiring the Company to perform the second step of the impairment test to measure the amount of impairment loss, if any. The fair values of the North America and Latin America reporting units exceeded their carrying values, and the second step was not necessary.
 
Based upon fair value estimates of long-lived assets and discounted cash flows of the EMEA reporting unit, the Company compared the implied fair value of the goodwill in this reporting unit with the carrying value. The test resulted in a $37.9 million non-cash, goodwill impairment charge which was recognized in the third quarter of 2013. No tax benefit is recognized on the goodwill impairment. This charge had no impact on the Company’s cash flows or compliance with debt covenants.