Note 4. Goodwill

The Company performed its annual goodwill impairment test during the third quarter of 2012 and determined the fair value of the aggregated reporting units exceeded the carrying value, such that the Company’s goodwill was not considered impaired. Given there were no events or circumstances that occurred since the third quarter 2012 that would more-likely-than-not reduce the fair value of the aggregated reporting units below the carrying value, the Company did not perform interim testing at June 30, 2013. However, further adverse changes in the economic environment, operations of the aggregated reporting units, or other factors could result in the decline in the fair value of the aggregated reporting units which could result in a goodwill impairment in the future. For additional information on goodwill related to acquisitions, see Note 9.

The following schedule discloses the changes in the carrying value of goodwill:



	Three Months ended			Six Months ended
(Dollars in thousands)	June 30, 2013		June 30, 2012	June 30, 2013	June 30, 2012
Net carrying value at beginning of period	$	106,100	106,100	106,100	106,100
Acquisitions	13,409		—	13,409	—
Net carrying value at end of period	$	119,509	106,100	119,509	106,100

The gross carrying value of goodwill and the accumulated impairment charge consists of the following:



(Dollars in thousands)	June 30, 2013			December 31, 2012
Gross carrying value	$	159,668		146,259
Accumulated impairment charge	(40,159		)	(40,159	)
Net carrying value	$	119,509		106,100