6.	GOODWILL

The Company’s goodwill at December 31, 2013 and 2012 is related to its previous acquisitions of three businesses. The Company evaluates each reporting unit’s fair value as compared to its carrying value on December 31 of each year or more frequently if events or changes in circumstances indicate that the carrying value may exceed the fair value. The Company first performs a qualitative assessment to determine whether it is necessary to perform the two-step goodwill impairment test. If Step 1 of the quantitative goodwill impairment test is performed, the fair value of a reporting unit is measured using a discounted cash flow model incorporating discount rates commensurate with the risks involved for each reporting unit. The key assumptions used in the discounted cash flow model include discount rates, growth rates, cash flow projections and terminal value rates. These rates are susceptible to change and require significant management judgment. Impairments to goodwill are charged against earnings in the period the impairment is identified. The Company has two reporting units for which goodwill was tested on December 31, 2013: the Americas Region, and the Europe/Africa Region, as shown in the table below. As of December 31, 2013 and 2012, the Company did not have any goodwill that was identified as impaired. The changes in goodwill of $0.5 million in 2013 and $0.2 million in 2012 are due to adjustments for changes in foreign exchange rates related to an acquisition made in 2005.


					Foreign
	Beginning				Currency		Ending
December 31, 2013	Balance		Additions		Translation		Balance

Americas Region	$	6,994	$	—	$	—	$	6,994
Europe/Africa region		11,822		—		542		12,364
Asia Pacific Region		—		—		—		—

Total	$	18,816	$	—	$	542	$	19,358


					Foreign
	Beginning				Currency		Ending
December 31, 2012	Balance		Additions		Translation		Balance

Americas Region	$	6,994	$	—	$	—	$	6,994
Europe/Africa region		11,616		—		206		11,822
Asia Pacific Region		—		—		—		—

Total	$	18,610	$	—	$	206	$	18,816