Annual report pursuant to Section 13 and 15(d)

Goodwill

v3.3.1.900
Goodwill
12 Months Ended
Dec. 31, 2015
Goodwill
5. Goodwill:

The changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 are presented below:

 

(in thousands)

      

Balance, January 1, 2014

   $ 21,498   

Acquisitions

     21,493   
  

 

 

 

Balance, December 31, 2014

     42,991   

Acquisitions

     21,276   
  

 

 

 

Balance, December 31, 2015

   $ 64,267   
  

 

 

 

Accumulated Balances:

  

Goodwill

   $ 66,663   

Accumulated impairment losses

     (2,396
  

 

 

 

Balance, December 31, 2015

   $ 64,267   
  

 

 

 

During the fourth quarter of 2015, the Company performed step one of the impairment testing as described in Note 1 which indicated the fair value of its reporting unit exceeded the net carrying amount of the net assets of its reporting unit. Accordingly, step two was not performed.