RYDER SYSTEM INC | 2013 | FY | 3

GOODWILL
The carrying amount of goodwill attributable to each reportable business segment with changes therein was as follows:
 
 
Fleet
Management
Solutions
 
Supply
Chain
Solutions
 
Total
 
 
(In thousands)
Balance at January 1, 2012
 
 
 
 
 
 
Goodwill
 
$
216,559

 
189,968

 
406,527

Accumulated impairment losses
 
(10,322
)
 
(18,899
)
 
(29,221
)
 
 
206,237

 
171,069

 
377,306

Acquisitions
 
6,033

 
—

 
6,033

Purchase accounting adjustments
 
215

 
97

 
312

Foreign currency translation adjustment
 
322

 
243

 
565

Balance at December 31, 2012
 
 
 
 
 
 
Goodwill
 
223,129

 
190,308

 
413,437

Accumulated impairment losses
 
(10,322
)
 
(18,899
)
 
(29,221
)
 
 
212,807

 
171,409

 
384,216

Purchase accounting adjustments
 
377

 
—

 
377

Foreign currency translation adjustment
 
(302
)
 
(572
)
 
(874
)
Balance at December 31, 2013
 
 
 
 
 
 
Goodwill
 
223,204

 
189,736

 
412,940

Accumulated impairment losses
 
(10,322
)
 
(18,899
)
 
(29,221
)
 
 
$
212,882

 
170,837

 
383,719



Purchase accounting adjustments in 2013 primarily related to changes in the fair value of acquired revenue earning equipment. We did not adjust the December 31, 2012 balance sheet as the amounts are not material.
We assess goodwill for impairment on April 1st of each year or more often if deemed necessary. For our annual goodwill impairment test on April 1, 2013, we performed a qualitative test for all of our reporting units. After performing the qualitative assessment, we concluded it is more likely than not that fair values are greater than carrying values and determined that quantitative testing was not necessary.

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