Annual report pursuant to Section 13 and 15(d)

Goodwill

v3.3.1.900
Goodwill
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
Goodwill

The following table provides the activity and balances of goodwill (amounts in thousands):
Balance at December 31, 2013
$
527,502

Period activity

Balance at December 31, 2014
527,502

LiveWatch Acquisition
36,047

Balance at December 31, 2015
$
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 if an event occurs, or circumstances change, that indicate the fair value of the entity may be below its carrying amount (a "triggering event"). In connection with the Company's annual goodwill impairment assessment, which is performed in the fourth quarter using October 31 balances, the Company did not record an impairment loss to goodwill.

As of December 31, 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 a goodwill impairment test in accordance with FASB ASC Topic 350 and determined that there was no impairment.