GOODWILL

12 Months Ended

Dec. 31, 2017

GOODWILL

GOODWILL

NOTE 8—GOODWILL

The changes in the carrying amount of goodwill for the year ended December 31, 2017 and 2016 are as follows:

	2017			2016
Balance as of January 1
Goodwill	$	216,697	$	167,972
Foreign currency impact		(489)		(418)
Accumulated impairment losses		(130,268)		(130,268)
Net balance as of January 1		85,940		37,286
Acquisitions		—		48,725
Adjustment		(643)		—
Foreign currency impact		322		(71)
		(321)		48,654
Balance as of December 31
Goodwill		216,697		216,697
Adjustment		(643)		-
Foreign currency impact		(167)		(489)
Accumulated impairment losses		(130,268)		(130,268)
Net balance as of December 31	$	85,619	$	85,940

During 2017, the Company recorded a $0.6 million adjustment to the purchase price allocation, which was the result of a correction of an error in the pre-acquisition deferred tax calculation.