Goodwill

The Company is required to test for impairment on at least an annual basis. In addition, the Company tests for impairment whenever events or circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying amount. Such events may include, but are not limited to, significant changes in economic and competitive conditions, the impact of the economic environment on the Company's customer base or its businesses, or a material negative change in its relationships with significant customers. The Company conducts its annual impairment assessment as of October 1. Refer to Note 12 regarding assessment of fair value of our Lawn and Garden Segment as of June 30, 2014.

The carrying amount of goodwill at January 1, 2014 reflects our new reportable segments, more fully described in Note 13. The change in goodwill for the six months ended June 30, 2014 was as follows:



Segment	Balance at January 1, 2014		Foreign Currency Translation		Balance at June 30, 2014
Material Handling	$	50,570	$	662	$	51,232
Distribution	505		—		505
	$	51,075	$	662	$	51,737