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Goodwill, Net | 12 Months Ended
--- | ---
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill, Net |
10) | Goodwill, Net
We completed our annual goodwill impairment review during the fourth quarters of 2015 and 2014. For the years ended December 31, 2015, 2014 and 2013, we concluded that there were no indicators of impairment at the reporting units with goodwill. The changes in the carrying amount of goodwill for the years ended December 31, 2015, 2014 and 2013 are as follows:
(In thousands) |  | Precision Bearing Components Group |  |  | Autocam Precision Components Group |  |  | Precision Engineered Products Group |  |  | Total |
Balance as of December 31, 2013 |  | $ | 8,624 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,624 |
Currency impacts |  |  | (1,169 | ) |  |  | — |  |  |  | — |  |  |  | (1,169 | )
Goodwill acquired in acquisition |  |  | 2,494 |  |  |  | 73,992 |  |  |  | — |  |  |  | 76,486 |
Balance as of December 31, 2014 |  | $ | 9,949 |  |  | $ | 73,992 |  |  | $ | — |  |  | $ | 83,941 |
Currency impacts |  |  | (838 | ) |  |  | — |  |  |  | — |  |  |  | (838 | )
Goodwill acquired in acquisition |  |  | — |  |  |  | — |  |  |  | 366,795 |  |  |  | 366,795 |
Balance as of December 31, 2015 |  | $ | 9,111 |  |  | $ | 73,992 |  |  | $ | 366,795 |  |  | $ | 449,898 |
The cumulative accumulated impairment charges included in the reported goodwill balances at December 31, 2015, 2014 and 2013 were $40.0 million all of which were recorded during the years ended December 31, 2008 and 2007. The goodwill acquired in the 2015 acquisitions within the Precision Engineered Products Group was primarily related to the PEP Acquisition. (See Note 2 of the Notes to Consolidated Financial Statements). The goodwill balance related to the PEP Acquisition is derived from the value of the PEP reporting unit. This fair value was based in large part on management business plans and projected financial information which are subject to a high degree of management judgment and complexity. Actual results may differ from these projections and the differences may be material leading to a potential impairment of this goodwill if this reporting unit’s future results are not as forecasted. The goodwill acquired in acquisitions during 2014 within the Autocam Precision Components Group was acquired with the acquisition of Autocam (see Note 2 of the Notes to Consolidated Financial Statements). The goodwill balance related to the Autocam acquisition is derived from the value of the Autocam reporting unit. This fair value was based in large part on management business plans and projected financial information which are subject to a high degree of management judgment and complexity. Actual results may differ from these projections and the differences may be material leading to a potential impairment of this goodwill if this reporting unit’s future results are not as forecasted.

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