. goodwill and other intangible assets - the company performs impairment tests for goodwill as of november 30 of each year and between annual impairment tests if evidence of potential impairment exists , by first comparing the carrying value of net assets to the fair value of the related operations . if the fair value is determined to be less than the carrying value , a second step is performed to determine if goodwill is impaired , by comparing the estimated fair value of goodwill to its carrying value