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GOODWILL

6 Months Ended

Jun. 30, 2011

(5) GOODWILL

Goodwill consisted of the following (amounts in thousands):

		December 31, 2010		Acquisitions		Impairments		Effect of Foreign Currency		June 30, 2011

North American BPO		$	35,885	$	24,283	$	-	$	-	$	60,168
International BPO			16,822		-		-		289		17,111
	Total	$	52,707	$	24,283	$	-	$	289	$	77,279

The Company performs a goodwill impairment test on at least an annual basis. Application of the goodwill impairment test requires significant judgments including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for the businesses, the useful life over which cash flows will occur and determination of the Company's weighted average cost of capital. Changes in these estimates and assumptions could materially affect the determination of fair value and/or conclusions on goodwill impairment for each reporting unit. The Company conducts its annual goodwill impairment test in the fourth quarter each year, or more frequently if indicators of impairment exist. During the quarter ended June 30, 2011, the Company assessed whether any such indicators of impairment existed, and concluded that there were none.