GOODWILL

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



	Rendering			Bakery		Total
Balance at December 29, 2012
Goodwill	$	344,133		$	53,150	$	397,283
Accumulated impairment losses	(15,914		)	—		(15,914		)
	328,219			53,150		381,369
Goodwill acquired during year	326,669			—		326,669
Impairment losses	—			—		—
Foreign currency translation	(6,401		)	—		(6,401		)
Balance at December 28, 2013
Goodwill	664,401			53,150		717,551
Accumulated impairment losses	(15,914		)	—		(15,914		)
	$	648,487		$	53,150	$	701,637

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 2013, fiscal 2012 and fiscal 2011, the fair values of the Company’s reporting units containing goodwill exceeded the related carrying value pursuant to a quantitative assessment completed as of the balance sheet date of each fiscal year.