Annual report pursuant to Section 13 and 15(d)

Goodwill

v3.7.0.1
Goodwill
12 Months Ended
Dec. 31, 2016
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, 2014
$
527,502

LiveWatch Acquisition
36,047

Balance at December 31, 2015
563,549

Period activity

Balance at December 31, 2016
$
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 estimated fair value for each of the Company's reporting units exceeded the carrying amount of the underlying assets, thus no impairment was indicated.