GOODWILL

Changes in the carrying amount of goodwill (in thousands):



	Rendering			Bakery		Total
Balance at January 1, 2011
Goodwill	$	340,715		$	51,462	$	392,177
Accumulated impairment losses	(15,914		)	—		(15,914		)
	324,801			51,462		376,263
Goodwill acquired during year	3,418			1,688		5,106
Impairment losses	—			—		—
Balance at December 31, 2011
Goodwill	344,133			53,150		397,283
Accumulated impairment losses	(15,914		)	—		(15,914		)
	$	328,219		$	53,150	$	381,369

Certain of the Company's rendering facilities are highly dependent on one or few suppliers. It is reasonably possible that certain of those suppliers could cease their operations or choose a competitor’s services which could have a significant impact on these facilities.

The process of evaluating goodwill for impairment involves the determination of the fair value of the Company's reporting units. In fiscal 2011, fiscal 2010 and fiscal 2009, the fair values of the Company’s reporting units containing goodwill exceeded the related carrying value.