Goodwill

As discussed in the Segment Disclosures footnote, during the first quarter of 2017 the Company’s chief operating decision maker (“CODM”) changed the way he regularly reviews information for purposes of allocating resources and assessing performance, which resulted in a change in our operating segments and reporting units. We allocated goodwill to our new reporting units using a relative fair value approach and completed an impairment test at that time and determined that no impairment existed. In addition, as discussed in the Fair Value Measurements footnote, we completed our annual assessment of any potential goodwill impairment for all reporting units with goodwill and determined that no impairment existed.

The changes in the carrying amount of goodwill for the fiscal year 2017 are included in the table below. See Acquisition footnote for a description of the additions to goodwill in 2017.



	As of Year-End 2016												As of Year-End 2017
	Goodwill, Gross		Accumulated Impairment Losses			Goodwill, Net		Allocation of Goodwill			Additions to Goodwill		Goodwill
	(In millions of dollars)
Americas Commercial	$	40.0	$	(16.4	)	$	23.6	$	(23.6	)	$	—	$	—
Americas PT	37.9		—			37.9		(37.9		)	—		—
EMEA Commercial	50.4		(50.4		)	—		—			—		—
EMEA PT	22.0		(22.0		)	—		—			—		—
APAC Commercial	12.1		(12.1		)	—		—			—		—
APAC PT	—		—			—		—			—		—
OCG	26.9		—			26.9		(26.9		)	—		—

Americas Staffing	—		—			—		25.9			18.7		44.6
Global Talent Solutions	—		—			—		62.5			—		62.5
International Staffing	—		—			—		—			—		—

	$	189.3	$	(100.9	)	$	88.4	$	—		$	18.7	$	107.1

The changes in the net carrying amount of goodwill for the fiscal year 2016 are shown in the table below. Upon the formation of the PersolKelly Asia Pacific joint venture during the third quarter of 2016 (see Investment in PersolKelly Asia Pacific footnote), the Company deconsolidated the goodwill related to the contributed entities in our previous APAC PT and OCG segments amounting to $1.9 million.



	As of Year-End 2015								As of Year-End 2016
	Goodwill, Gross		Accumulated Impairment Losses			Adjustments to Goodwill			Goodwill, Gross		Accumulated Impairment Losses			Goodwill, Net
	(In millions of dollars)
Americas
Americas Commercial	$	40.0	$	(16.4	)	$	—		$	40.0	$	(16.4	)	$	23.6
Americas PT	37.9		—			—			37.9		—			37.9
Total Americas	77.9		(16.4		)	—			77.9		(16.4		)	61.5

EMEA
EMEA Commercial	50.4		(50.4		)	—			50.4		(50.4		)	—
EMEA PT	22.0		(22.0		)	—			22.0		(22.0		)	—
Total EMEA	72.4		(72.4		)	—			72.4		(72.4		)	—

APAC
APAC Commercial	12.1		(12.1		)	—			12.1		(12.1		)	—
APAC PT	1.4		—			(1.4		)	—		—			—
Total APAC	13.5		(12.1		)	(1.4		)	12.1		(12.1		)	—

OCG	27.4		—			(0.5		)	26.9		—			26.9
Consolidated Total	$	191.2	$	(100.9	)	$	(1.9	)	$	189.3	$	(100.9	)	$	88.4