The following table summarizes the activity in the Company's goodwill account by segment during the years ended 2016 and 2015 (in thousands):
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Precision Components Group |
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3DMT Group |
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Flanges and Fittings Group |
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Consolidated |
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Balance, June 30, 2014 |
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$ |
11,210 |
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$ |
3,435 |
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$ |
1,712 |
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$ |
16,357 |
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Purchase accounting adjustments |
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(925) |
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(631) |
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— |
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(1,556) |
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Balance, June 30, 2015 |
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10,285 |
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2,804 |
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1,712 |
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14,801 |
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Adjustments |
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— |
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— |
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— |
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— |
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Balance, June 30, 2016 |
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$ |
10,285 |
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$ |
2,804 |
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$ |
1,712 |
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$ |
14,801 |
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