Goodwill

The following table summarizes Goodwill at the Company’s reportable segments:



	North America			Europe			All Other		Total
Goodwill (gross) at March 31, 2012	$	592,608		$	69,383		$	2,244	$	664,235
Accumulated impairment losses at March 31, 2012	(277,364		)	(40,433		)	—		(317,797		)
Goodwill (net) at March 31, 2012	$	315,244		$	28,950		$	2,244	$	346,438

Foreign currency translation adjustment	(4		)	99			10		105
Current period acquisitions (see Note 9)	—			—			3		3

Goodwill (gross) at December 31, 2012	$	592,604		$	69,482		$	2,257	$	664,343
Accumulated impairment losses at December 31, 2012	(277,364		)	(40,433		)	—		(317,797		)
Goodwill (net) at December 31, 2012	$	315,240		$	29,049		$	2,257	$	346,546

The Company conducted its annual goodwill impairment assessment during the third quarter of Fiscal 2013 using data as of September 29, 2012. The first step of the goodwill impairment assessment, used to identify potential impairment, resulted in a significant surplus of fair value over carrying amount for each of our reporting units, thus the reporting units are considered not impaired and the second step of the impairment test is not necessary.

At December 31, 2012, the Company's stock market capitalization was comparable with net book value. Each of the Company's reporting units continues to operate profitably and generate cash flow from operations, and the Company expects that each will continue to do so in Fiscal 2013 and beyond. The Company also believes that a reasonable potential buyer would offer a control premium for the business that would adequately cover any difference between the recent stock trading prices and the book value.