Quarterly report pursuant to Section 13 or 15(d)


9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  

The following table provides the activity and balances of goodwill (amounts in thousands):
Balance at December 31, 2014

LiveWatch Acquisition

Balance at September 30, 2015

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 if an event occurs, or circumstances change, that indicate the fair value of the entity may be below its carrying amount (a "triggering event"). Our annual impairment testing of goodwill is performed in the fourth quarter of each fiscal year.

As of September 30, 2015, the Company determined that a triggering event had occurred due to a sustained decrease in Ascent Capital's market capitalization. In response to the triggering event, the Company performed Step 1 of the goodwill impairment test in accordance with FASB ASC Topic 350 and determined that there was no impairment.