Goodwill

A reconciliation of the changes in the carrying amount of goodwill, by operating segment, for the years ended December 31, 2012 and 2011 is as follows:



(in thousands)	Data and Analytics			Mortgage Origination Services			Asset Management and Processing Solutions		Consolidated
Balance at January 1, 2011									—
Goodwill	$	484,907		$	663,097		$	149,409	$	1,297,413
Accumulated impairment losses	(600		)	(6,925		)	—		(7,525		)
Goodwill, net	484,307			656,172			149,409		1,289,888
Acquisitions	172,419			19,664			—		192,083
Translation adjustments	(7,678		)	—					(7,678		)
Other				(2,087		)	—		(2,087		)
Balance at December 31, 2011
Goodwill, net	649,048			673,749			149,409		1,472,206
Acquisitions	33,875			—			—		33,875
Translation adjustments	3,805			—			—		3,805
Spatial reclassification	28,401			(28,401		)	—		—
Post acquisition adjustments	(7,152		)	(114		)	—		(7,266		)
Other	—			1,612			—		1,612
Balance at December 31, 2012
Goodwill, net	$	707,977		$	646,846		$	149,409	$	1,504,232

For the year ended December 31, 2012, we recorded $33.9 million of goodwill in connection with our acquisition of CDS Business Mapping (“CDS”). For the year ended December 31, 2011, we recorded $19.7 million of goodwill in connection with our acquisition of the remaining interest in Dorado in March 2011, $154.5 million of goodwill in connection with our acquisition of the remaining interest in RP Data in May 2011 and $17.9 million in connection with our acquisition of Tarasoft Corporation (“Tarasoft”) in September 2011. See Note 17 – Acquisitions for additional disclosures. We have reclassified $17.3 million of goodwill, net, to assets of discontinued operations as of December 31, 2011. Further, we identified an adjustment of $7.3 million to correct deferred taxes acquired with Dorado and RP Data. The adjustment reduced our goodwill by $7.2 million and $0.1 million within data and analytics and mortgage origination services, respectively, for the year ended December 31, 2012. See Note 2 - Significant Accounting Policies for additional disclosures.

In connection with our acquisition of CDS, we separated our spatial solutions business line from our mortgage origination services segment and consolidated it with CDS, effectively creating the geospatial solutions business unit within the data and analytics segment. As a result, we revised our reporting for segment disclosure purposes, see Note 20 - Segment Financial Information, and reassessed our reporting units for purposes of evaluating the carrying value of our goodwill. This assessment required us to perform a fourth quarter reassignment of our goodwill to each reporting unit impacted using the relative fair value approach, based on the fair values of the reporting units as of December 31, 2012. As of December 31, 2012, our reporting units for goodwill purposes are data and analytics, mortgage origination services and asset management and processing solutions.

Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, operating margins, discount rates and future market conditions, among others. Key assumptions used to determine the fair value of our mortgage origination services reporting unit and geospatial solutions business unit in our testing were: (a) expected cash flow for the period from 2013 to 2018; and (b) a discount rate ranging from 11.0% to 15.0%, which was based on management's best estimate of the after-tax weighted average cost of capital.

Our policy is to perform an annual goodwill impairment test for each reporting unit in the fourth quarter. We performed a qualitative analysis on our reporting units and examined relevant events and circumstances such as: cost factors, financial performance, legal and regulatory factors, entity specific events, industry and market factors, macroeconomic conditions and other considerations. We also considered the reassignment analysis of geospatial solutions' goodwill to each reporting unit impacted using the relative fair value approach. Based on the qualitative analysis performed, we determined that it is more likely than not that goodwill attributable to our reporting units is not impaired as of December 31, 2012. It is reasonably possible that changes in the facts, judgments, assumptions and estimates used in assessing the fair value of the goodwill could cause a reporting unit to become impaired.