Note 5 – Goodwill

A summary of the changes in the carrying amount of goodwill, by operating segment, for the six months ended June 30, 2014 is as follows:

(in thousands)	Title Insurance and Services		Specialty Insurance		Total
Balance as of December 31, 2013	$	799,261	$	46,765	$	846,026
Acquisitions		147,203		—		147,203
Foreign currency exchange		642		—		642
Balance as of June 30, 2014	$	947,106	$	46,765	$	993,871

For further discussion about the Company’s acquisitions see Note 17 – Business Combinations.

The Company’s four reporting units for purposes of assessing 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 assessment of goodwill for impairment for each reporting unit in the fourth quarter. An impairment analysis has not been performed during the six months ended June 30, 2014 as no triggering events requiring such an analysis occurred.