The carrying amount of goodwill as of June 30, 2012 is as follows:
Amount
Balance as of March 31, 2012
$
118,007
Foreign currency translation impact
(2,415
)
Balance as of June 30, 2012
$
115,592
The excess purchase price over the fair value of assets acquired is recorded as goodwill. 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, 2013. At June 30, 2012, there were no indicators of a goodwill impairment. Goodwill is not deductible for tax purposes.
The carrying amount of goodwill as of June 30, 2012 is as follows:
Amount
Balance as of March 31, 2012
$
118,007
Foreign currency translation impact
(2,415
)
Balance as of June 30, 2012
$
115,592
The excess purchase price over the fair value of assets acquired is recorded as goodwill. 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, 2013. At June 30, 2012, there were no indicators of a goodwill impairment. Goodwill is not deductible for tax purposes.