Note 5 – Goodwill

A reconciliation of the changes in the carrying amount of goodwill by operating segment, for the three months ended March 31, 2012, is as follows:


(in thousands)	Title Insurance and Services		Specialty Insurance		Total
Balance as of December 31, 2011	$	771,655	$	46,765	$	818,420
Acquisitions		12,642		—		12,642
Other net adjustments		1,350		—		1,350

Balance as of March 31, 2012	$	785,647	$	46,765	$	832,412

The Company's four reporting units for purposes of testing impairment are title insurance, home warranty, property and casualty insurance and trust and other services. There is no accumulated impairment for goodwill as the Company has never recognized any impairment for its reporting units.

In accordance with accounting guidance and consistent with prior years, the Company's policy is to perform an annual goodwill impairment test for each reporting unit in the fourth quarter. An impairment analysis has not been performed during the three months ended March 31, 2012 as no triggering events requiring such an analysis occurred.