GOODWILL

Goodwill of the Company at December 31, 2014 and 2013 is comprised of the following (in thousands):



	Racing		Casinos		TwinSpires		Big Fish Games		Other Investments		Total
Balance as of December 31, 2012	$	51,659	$	67,457	$	127,364	$	—	$	3,934	$	250,414
Additions	—		50,202		—		—		—		50,202
Balance as of December 31, 2013	51,659		117,659		127,364		—		3,934		300,616
Additions	—		—		—		538,904		—		538,904
Balance as of December 31, 2014	$	51,659	$	117,659	$	127,364	$	538,904	$	3,934	$	839,520

During the year ended December 31, 2014, the Company established goodwill of $538.9 million related to the acquisition of Big Fish Games on December, 16, 2014.

During the year ended December 31, 2013, the Company established goodwill of $50.2 million related to the acquisition of Oxford on July 17, 2013.

The Company performed its annual goodwill impairment analysis for the year ended December 31, 2014 in accordance with ASU No. 2011-08, Intangibles-Goodwill and Other: Testing Goodwill for Impairment. This analysis included an assessment of qualitative factors to determine whether it is more likely than not that the fair value of the reporting units is less than their carrying amounts. The impairment analysis included an assessment of certain qualitative factors including but not limited to macroeconomic, industry and market conditions; cost factors that have a negative effect on earnings; overall financial performance; the movement of the Company's share price; and other relevant entity and reporting unit specific events. This assessment included the determination of the likely effect of each factor on the fair value of each reporting unit. Although the Company believes the factors considered in the impairment analysis are reasonable, significant changes in any of the assumptions could produce a significantly different result. Based on the annual goodwill impairment analysis for the years ended December 31, 2014 and 2013, the Company concluded that goodwill had not been impaired.