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Goodwill | 12 Months Ended
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Dec. 31, 2012
Goodwill | NOTE 7: Goodwill The Company has two reporting units with goodwill, the Modular Vision Systems Division (MVSD) and the Surface Inspection Systems Division (SISD), which are also reportable segments. The changes in the carrying value of goodwill were as follows (in thousands):
|  | MVSD |  |  | SISD |  |  | Consolidated |
Balance as of December 31, 2010 |  | $ | 77,642 |  |  | $ | 4,562 |  |  | $ | 82,204 |
Foreign currency exchange rate changes |  |  | (86 | ) |  |  | (89 | ) |  |  | (175 | )
Balance as of December 31, 2011 |  |  | 77,556 |  |  |  | 4,473 |  |  |  | 82,029 |
Foreign currency exchange rate changes |  |  | (168 | ) |  |  | (172 | ) |  |  | (340 | )
Balance as of December 31, 2012 |  | $ | 77,388 |  |  | $ | 4,301 |  |  | $ | 81,689 |
For its 2012 analysis of goodwill, management elected to perform a qualitative assessment. Based upon this assessment, management does not believe that it is more likely than not that the carrying value of either reporting unit exceeds its fair value. Factors that management considered in this assessment include macroeconomic conditions, industry and market considerations, overall financial performance (both current and projected), changes in management or strategy, and changes in the composition or carrying amount of net assets. In addition, management took into consideration the goodwill valuation performed under the last quantitative analysis as of October 4, 2010. At that date, the fair value of the MVSD unit exceeded its carrying value by approximately 208%, while the fair value of the SISD unit exceeded its carrying value by approximately 119%. As of December 31, 2012, management does not believe any qualitative factors exist that would change the conclusion of their assessment.

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- Definition The entire disclosure for goodwill. + References No definition available. + Details
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