Goodwill

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



	Three Months ended
(Dollars in thousands)	March 31, 2019		March 31, 2018
Net carrying value at beginning of period	$	289,586	177,811
Acquisitions	—		111,724
Net carrying value at end of period	$	289,586	289,535

The Company performed its annual goodwill impairment test during the third quarter of 2018 and determined the fair value of the aggregated reporting units exceeded the carrying value, such that the Company’s goodwill was not considered impaired. In recognition there were no events or circumstances that occurred during the first quarter of 2019 that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value, the Company did not perform interim testing at March 31, 2019. 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. Accumulated impairment charges were $40,159,000 as of March 31, 2019 and December 31, 2018.