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, 2017, is as follows:



(in thousands)	PI			RMW			Consolidated
Balance as of January 1, 2017
Goodwill	$	1,189,388		$	925,392		$	2,114,780
Accumulated impairment losses	(600		)	(6,925		)	(7,525		)
Goodwill, net	1,188,788			918,467			2,107,255
Acquisitions	122,178			—			122,178
Translation adjustments	14,750			—			14,750
Balance as of September 30, 2017
Goodwill, net	$	1,325,716		$	918,467		$	2,244,183

For the nine months ended September 30, 2017, we recorded an adjustment of $5.4 million to goodwill within our Property Intelligence ("PI") reporting unit related to the finalization of our FNC, Inc. ("FNC") acquisition purchase price allocation. Further, in August 2017, we completed the acquisitions of Mercury, Myriad Development, Inc. ("Myriad") and Clareity Ventures, Inc. ("Clareity"). We recorded goodwill of $127.9 million, related to the aforementioned acquisitions, within our PI reporting unit. See Note 11 - Acquisitions for additional information. Finally, we recorded goodwill of $0.2 million within our PI reporting unit related to an acquisition that was not significant.