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Goodwill | 12 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill The following table reflects changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017:
|  | (in thousands)
Goodwill balance at January 1, 2017 |  | $ | 452,494 |
Goodwill acquired |  | 59,675 |
Effect of change in exchange rates |  | 43,593 |
Goodwill balance at December 31, 2017 |  | 555,762 |
Goodwill acquired |  | 575,750 |
Effect of change in exchange rates |  | (14,979 | )
Goodwill balance at December 31, 2018 |  | $ | 1,116,533 |
The accumulated goodwill impairment losses at December 31, 2018 and 2017 were $676.5 million. The goodwill impairment losses were originally recognized in 2011. Effective October 1, 2018, we reorganized our operating segmentation from Electricity, Gas, Water, and Networks to Device Solutions, Networked Solutions, and Outcomes. A fair value calculation was performed to allocate goodwill from the previous reporting units to the new reporting units, using a relative fair value method. This reorganization was effective at the same date as our regular annual goodwill impairment test date, performed as of October 1. We performed quantitative assessments under both our previous reporting units and our new reporting units. As a result of these assessments, there was no impairment of the carrying value of goodwill. The following table reflects the changes in goodwill by segment from October 1, 2018, the date of the reorganization of our operating segments:
| Device Solutions |  | Networked Solutions |  | Outcomes |  | Total Company
| (in thousands)
Goodwill balance at October 1, 2018 | $ | 55,770 |  |  | $ | 922,889 |  |  | $ | 143,236 |  |  | $ | 1,121,895 |
Measurement period adjustments to goodwill acquired | — |  |  | 4,097 |  |  | 863 |  |  | 4,960 |
Effect of change in exchange rates | (511 | ) |  | (8,491 | ) |  | (1,320 | ) |  | (10,322 | )
Goodwill balance at December 31, 2018 | $ | 55,259 |  |  | $ | 918,495 |  |  | $ | 142,779 |  |  | $ | 1,116,533 |

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- Definition The entire disclosure for goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
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