Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v2.4.0.6
Goodwill
9 Months Ended
Dec. 31, 2011
Goodwill  
Goodwill

6. Goodwill

 

The carrying amount of goodwill as of December 31, 2011, is as follows:

 

 

 

Amount

 

Balance as of March 31, 2011

 

$

120,750

 

Foreign currency translation impact

 

(4,312

)

Balance as of December 31, 2011

 

$

116,438

 

 

The excess purchase price over the fair value of assets acquired is recorded as goodwill. As we have one operating segment, we allocate goodwill to one reporting unit for goodwill impairment testing. Goodwill is tested for impairment on an annual basis, and between annual tests if indicators of potential impairment exist, using a fair-value-based approach based on the market capitalization of the reporting unit. Our annual impairment test will be performed as of January 1, 2012. At December 31, 2011, there were no indicators of a goodwill impairment.  Goodwill is not deductible for tax purposes.