GOODWILL

12 Months Ended

Dec. 31, 2019

The changes in the carrying amount of goodwill by operating segment consist of the following (in thousands):



	North America		International			Total
Goodwill, December 31, 2017	$	1,253,494	$	29,963		$	1,283,457
Acquisition	319,594		10,344			329,938
Effect of foreign currency translation	—		(1,860		)	(1,860		)
Goodwill, December 31, 2018	1,573,088		38,447			1,611,535
Acquisitions	165,272		102,532			267,804
Effect of foreign currency translation	—		2,681			2,681
Goodwill, December 31, 2019	$	1,738,360	$	143,660		$	1,882,020

The Company recorded goodwill of approximately $261 million in connection with the October 22, 2019 acquisition of STR. The Company recorded goodwill of approximately $8 million in connection with the June 2019 acquisition of OCP. The Company recorded goodwill of approximately $53 million in connection with the November 8, 2018 acquisition of Cozy, a provider of online rental solutions that provides a broad spectrum of services to both landlords and tenants, including property listings, rent estimates, rental applications, tenant screening, online rent payments and expense tracking. The Company recorded a measurement period adjustment during 2019 which resulted in a $1 million reduction to the initial amount of goodwill recognized in connection with this acquisition. The Company recorded goodwill of approximately $10 million in connection with the October 12, 2018 acquisition of Realla. The Company recorded goodwill of approximately $267 million in connection with the February 21, 2018 acquisition

of ForRent. The total amount of goodwill that is expected to be deductible for tax purposes is approximately $166 million as of December 31, 2019.

No impairments of the Company's goodwill were recognized during the years ended December 31, 2019, 2018 and 2017.