Goodwill

In August 2017, the Company announced a realignment of its business operations into three reportable operating segments effective as of January 1, 2018. This reorganization requires that the Company reassign its reported goodwill as of January 1, 2018 to its new reportable segments based on the relative fair value of the respective operating segments at that time. The Company is in the process of performing this valuation analysis which is expected to be finalized by June 30, 2018. Subsequent to the reallocation of goodwill, an impairment test of each new reporting unit is required to be performed, and a potential impairment could be deemed to exist as a result of this process. The Company will record any such potential impairment, if identified, during the fiscal quarter ending June 30, 2018. See Note 18, "Operating Segments and Related Information" of the Notes to the Consolidated Financial Statements for additional information on the three new reportable operating segments.

The carrying value of goodwill and the activity for the three months ended March 31, 2018 are as follows (in thousands):



Balance, December 31, 2017	$	909,811
Currency translation adjustments	8,481
Balance, March 31, 2018	$	918,292