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Goodwill
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
The following table summarizes the changes in goodwill by reportable segment:
(amounts in thousands)
North
America
 
Europe
 
Australasia
 
Total
Reportable
Segments
Balance as of December 31, 2017
$
201,560

 
$
268,162

 
$
79,341

 
$
549,063

Acquisitions
17,645

 
30,167

 
17,138

 
64,950

Acquisition remeasurements
4,881

 
(3,317
)
 
(5,227
)
 
(3,663
)
Currency translation
(524
)
 
(15,324
)
 
(8,560
)
 
(24,408
)
Balance as of December 31, 2018
$
223,562

 
$
279,688

 
$
82,692

 
$
585,942

Acquisitions - preliminary allocation
26,553

 

 

 
26,553

Acquisition remeasurements
(1,535
)
 

 
(1,248
)
 
(2,783
)
Sale of business unit
(1,343
)
 

 

 
(1,343
)
Currency translation
265

 
(5,776
)
 
(358
)
 
(5,869
)
Balance as of December 31, 2019
$
247,502

 
$
273,912

 
$
81,086

 
$
602,500


We have recorded impairments in prior periods related to the divestiture of certain operations. Cumulative impairments of goodwill totaled $1.6 million at December 31, 2019, 2018 and 2017.
In accordance with current accounting guidance, we identified three reporting units for the purpose of conducting our goodwill impairment review. In determining our reportable units, we considered (i) whether an operating segment or a component of an operating segment was a business, (ii) whether discrete financial information was available, and (iii) whether the financial information is regularly reviewed by management of the operating segment. We performed our annual impairment assessment during the beginning of the December fiscal month of 2019. The excess of the fair value of our reporting units over their respective carrying values for the three reporting units exceeded 33%. No impairment loss was recorded in 2019, 2018 or 2017.