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 nine months ended September 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	219,427			—			219,427
Translation adjustments	8,970			—			8,970
Balance as of September 30, 2016
Goodwill, net	$	1,191,477		$	918,467		$	2,109,944

In connection with the acquisition of FNC, Inc. ("FNC"), we recorded $218.3 million of goodwill within our Property Intelligence ("PI") reporting unit for the nine months ended September 30, 2016. Further, we recorded $1.2 million of goodwill, within our PI reporting unit, related to an acquisition that was not significant. See Note 13 - Acquisitions for additional information.