Goodwill

In February 2014, the Company announced a realignment of its business which resulted in the elimination of its division structure and the formation of six reportable operating segments effective as of January 1, 2014. This reorganization required the Company to reassign its reported goodwill as of January 1, 2014 to its new reporting units based on the relative fair value of the respective business units at that time. The reassignment was completed during the three months ended June 30, 2014. Subsequent to the reassignment of goodwill, the Company performed an impairment test of each new reporting unit as of January 1, 2014. As a result of this analysis, no impairment was identified. As of June 30, 2014, the Company has determined that there have been no indicators of impairment on its recorded goodwill that would require an updated impairment review.

The carrying value of goodwill by operating segment and the activity for the six months ended June 30, 2014 are as follows (in thousands):



	Instruments			OEM and Emerging Markets			Security			Maritime		Surveillance			Detection		Total
Balance, January 1, 2014	$	163,995		$	92,166		$	48,199		$	114,419	$	108,693		$	48,229	$	575,701
Currency translation adjustments	(832		)	(467		)	(244		)	1,553		(223		)	34		(179		)
Balance, June 30, 2014	$	163,163		$	91,699		$	47,955		$	115,972	$	108,470		$	48,263	$	575,522