Goodwill, Net

A reconciliation of the changes in the carrying amount of goodwill and accumulated impairment losses, by operating segment and reporting unit, for the six months ended June 30, 2016, is as follows:



(in thousands)	PI			RMW			Consolidated
Balance as of January 1, 2016
Goodwill	$	963,680		$	925,392		$	1,889,072
Accumulated impairment losses	(600		)	(6,925		)	(7,525		)
Goodwill, net	963,080			918,467			1,881,547
Acquisitions	212,450			—			212,450
Translation adjustments	5,176			—			5,176
Balance as of June 30, 2016
Goodwill, net	$	1,180,706		$	918,467		$	2,099,173

In April 2016, we recorded $211.5 million of goodwill, within our Property Intelligence ("PI") reporting unit, in connection with our acquisition of FNC, Inc. ("FNC"). Further, in May 2016, we recorded $0.9 million of goodwill, within our PI reporting unit, related to an acquisition that was not significant. See Note 12 - Acquisitions for additional information.