GOODWILL

6 Months Ended

Jun. 30, 2014

GOODWILL

GOODWILL

5.GOODWILL

The change in the carrying amount of goodwill for the six-months ended June 30, 2014 is as follows (in thousands):

	June 30,
	2014
Beginning balance	$	20,233
Acquisition adjustments	362
Effect of foreign currency translation	(52		)
Ending balance	$	20,543

The acquisition adjustments relate to revisions in the purchase price allocation for Globe for changes to the value assigned to property, plant and equipment and the tax effect of the changes in value (Note 2).