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, 2018, is as follows:



(in thousands)	PIRM			UWS			Consolidated
Balance as of January 1, 2018
Goodwill	$	1,029,223		$	1,228,901		$	2,258,124
Accumulated impairment losses	(600		)	(6,925		)	(7,525		)
Goodwill, net	1,028,623			1,221,976			2,250,599
Acquisitions	14,106			63,092			77,198
Translation adjustments	(10,387		)	—			(10,387		)
Balance as of June 30, 2018
Goodwill, net	$	1,032,342		$	1,285,068		$	2,317,410

For the six months ended June 30, 2018, we recorded goodwill of $14.1 million within our Property Intelligence & Risk Management ("PIRM") reporting unit related to the acquisition of eTech Solutions Limited ("eTech"). Further, we recorded goodwill of $63.7 million within our Underwriting & Workflow Solutions ("UWS") reporting unit related to the acquisition of a la mode technologies, LLC ("a la mode"). Finally, we recorded a goodwill adjustment of $0.6 million within our UWS reporting unit related to Mercury Network, LLC ("Mercury"). See Note 12 - Acquisitions for further discussion.