Annual report pursuant to Section 13 and 15(d)

Goodwill

v3.8.0.1
Goodwill
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
Goodwill

The following table provides the activity and balances of goodwill by reporting unit (amounts in thousands):
 
 
MONI
 
LiveWatch
 
Total
Balance at December 31, 2015
 
$
527,502

 
36,047

 
$
563,549

Period activity
 

 

 

Balance at December 31, 2016
 
527,502

 
36,047

 
563,549

Period activity
 

 

 

Balance at December 31, 2017
 
$
527,502

 
36,047

 
$
563,549



The Company accounts for its goodwill pursuant to the provisions of FASB ASC Topic 350, Intangibles - Goodwill and Other ("FASB ASC Topic 350"). In accordance with FASB ASC Topic 350, goodwill is not amortized, but rather tested for impairment annually, or earlier if an event occurs, or circumstances change, that indicate the fair value of a reporting unit may be below its carrying amount.

In connection with the Company's annual goodwill impairment assessment, in which the Company performed a quantitative test in the fourth quarter of its fiscal year, based on October 31 balances, the estimated fair value for each of the Company's reporting units exceeded the carrying amount of the underlying assets, thus no impairment was indicated.