Annual report pursuant to Section 13 and 15(d)

GOODWILL

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GOODWILL
12 Months Ended
Dec. 31, 2011
GOODWILL  
GOODWILL

8.     GOODWILL

Goodwill represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $211.0 million as of December 31, 2011 and $210.8 million as of December 31, 2010. Goodwill increased $0.2 million for the year ended December 31, 2011 and $21.1 million for the year ended December 31, 2010 due primarily to acquisitions. The carrying amount of goodwill in foreign countries was $9.6 million as of December 31, 2011 and $9.4 million as of December 31, 2010. The changes in the carrying amount of goodwill for the twelve months ended December 30, 2011 and 2010 are as follows:

(in thousands)
   
 
   

Goodwill as of December 31, 2009

  $ 189,658  

Goodwill acquired and finalization of allocation of purchase price on previous acquisitions

    21,288  

Goodwill adjustments due to currency translation

    (167 )
       

Goodwill as of December 31, 2010

  $ 210,779  

Goodwill acquired

    429  

Goodwill adjustments due to currency translation

    (189 )
       

Goodwill as of December 31, 2011

  $ 211,019