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Goodwill, net
9 Months Ended
Sep. 30, 2011
Goodwill, net/Intangible assets [Abstract] 
Goodwill, net

Note 10. Goodwill, net

The changes in the carrying amount of goodwill for the nine month period ended September 30, 2011 are as follows:

Goodwill, net

 

         

(In Thousands of Dollars)

  Metal Bearing
Components
Segment
 

Balance as of January 1, 2011

  $ 8,396  

Currency translation impacts

    119  
   

 

 

 

Balance as of September 30, 2011

  $ 8,515  
   

 

 

 

The goodwill balance is tested for impairment on an annual basis during the fourth quarter and between annual tests if a triggering event occurs. During the three and nine month periods ended September 30, 2011, the financial results of the reporting unit with a goodwill balance exceeded the forecasted results used in testing for impairment at December 31, 2010. As of September 30, 2011, there are no further indications of impairment at this reporting unit.