(4) GOODWILL

The Company’s goodwill balance was $1,710.2 million and $1,719.1 million as of September 30, 2018 and June 30, 2018, respectively.

The Company’s reporting units are comprised of its strategic product groups (“SPG” or “SPGs”). Effective April 1, 2018, the Company implemented further organizational changes by creating two new reporting units: CloudLink Solutions (“CloudLink”) and Live Video Solutions (“Live Video”). In connection with the organizational change, goodwill was re-allocated to the Company’s SPGs on a relative fair value basis. The Company completed an assessment immediately prior to and after the organizational change at the SPG level and determined that it is more likely than not that the fair value of the Company’s reporting units is greater than their carrying amounts.

As of September 30, 2018, the Company’s SPGs were comprised of the following: Fiber Solutions, Zayo Wavelength Solutions (“Waves”), Zayo SONET Solutions (“SONET”), Zayo Ethernet Solutions (“Ethernet”), Live Video, Wide Area Networks (“WANs”, formerly Enterprise Private and Connectivity), Zayo Cloud Solutions (“Cloud”), Zayo Colocation (“zColo”), CloudLink, Allstream, and Other (primarily Zayo Professional Services).

The following reflects the changes in the carrying amount of goodwill during the three months ended September 30, 2018:


Product Group	As of June 30, 2018		Adjustments to Fiscal 2018 Acquisitions		Foreign Currency Translation and Other		As of September 30, 2018
	(in millions)
Fiber Solutions	$	756.4	$	(6.1)	$	(0.9)	$	749.4
Waves		194.8		(0.9)		(0.8)		193.1
Sonet		87.6		—		—		87.6
Ethernet		104.2		(0.2)		—		104.0
Live Video		3.3		—		—		3.3
WANs		179.3		—		0.1		179.4
zColo		260.1		—		(0.1)		260.0
Cloud		65.3		—		—		65.3
Cloudlink		13.5		—		—		13.5
Allstream		39.0		—		—		39.0
Other		15.6		—		—		15.6
Total	$	1,719.1	$	(7.2)	$	(1.7)	$	1,710.2