6.Goodwill

A reconciliation of the activity for goodwill for the first quarter of 2017 and the first quarter of 2016 is as follows:

(in thousands)	Goodwill
Balance on January 1, 2017	$	144,586
Q1 2017 Expansion Transactions		4,849
Measurement period adjustment		(52	)
Balance on April 2, 2017	$	149,383

Balance on January 3, 2016	$	117,954
Q1 2016 Expansion Transactions		16,935
Measurement period adjustment		422
Balance on April 3, 2016	$	135,311

The Company’s goodwill reside entirely within the Nonalcoholic Beverage segment. The Company performs its annual impairment test of goodwill as of the first day of the fourth quarter. During the first quarter of 2017, the Company did not experience any triggering events or changes in circumstances indicating the carrying amounts of the Company’s goodwill exceeded fair values.