Note 11 — Goodwill

The changes to the carrying amount of goodwill as of September 30, 2018 are summarized as follows (in thousands):

	Total
Balance, December 31, 2017	$	35,384
Adjustments to goodwill for foreign currency translation		(187	)
Balance, September 30, 2018	$	35,197

The Company applies a fair value-based impairment test to the carrying value of goodwill and indefinite-lived intangible assets on an annual basis and, on an interim basis, if certain events or circumstances indicate that an impairment loss may have been incurred. Goodwill impairment exists when the estimated fair value of goodwill is less than its carrying value. Based on the Company’s April 1 annual assessment, it determined that the fair values of its reporting units were not less than the carrying amounts. No goodwill impairment was determined to have occurred for the nine months ended September 30, 2018. A charge of $8.3 million for goodwill impairment was recorded during the three and nine months ended September 30, 2017.