Goodwill:

($ amounts in thousands)



	December 31, 2013			December 31, 2012
	(Successor)			(Successor)
Balance at beginning of period		$850,652			$0
Additions:
Sky Growth Merger	—			850,652
Deductions:
Finalization of purchase accounting	(1,000		)
Balance at end of period		$849,652			$850,652

As noted in Note 2, “Sky Growth Merger”, we were acquired through a merger transaction with a wholly-owned subsidiary of Holdings. Based upon purchase price allocation in accordance with FASB ASC 350-20-35-30, we recorded goodwill which totaled $850,652 thousand at December 31, 2012, which was allocated to Par.

Goodwill is not being amortized, but is tested at least annually, on or about October 1stor whenever events or changes in business circumstances necessitate an evaluation for impairment using a fair value approach. The goodwill impairment test consists of a two-step process. The first step is to identify a potential impairment and the second step measures the amount of impairment, if any. Goodwill is deemed to be impaired if the carrying amount of a reporting unit exceeds its estimated fair value. As of October 1, 2013, Par performed its annual goodwill impairment assessment noting no impairment. No impairment of goodwill has been recognized through December 31, 2013.