NOTE 8.
ACQUISITIONS During fiscal 2017, Cadence completed two business combinations for total cash consideration of $142.8 million, after taking into account cash acquired of $4.2 million.
The total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates.
Cadence recorded a total of $76.4 million of acquired intangible assets (of which $71.5 million represents in-process technology), $90.2 million of goodwill and $19.6 million of net liabilities consisting primarily of deferred tax liabilities.
Cadence will also make payments to certain employees, subject to continued employment and other performance-based conditions, through the fourth quarter of fiscal 2020.
During fiscal 2016, Cadence completed two business combinations for total cash consideration of $42.4 million, after taking into account cash acquired of $1.8 million.
The total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates.
Cadence recorded a total of $23.6 million of goodwill, $23.2 million of acquired intangible assets and $2.6 million of net liabilities consisting primarily of deferred revenue.
Cadence will also make payments to certain employees, subject to continued employment and other conditions, through the second quarter of fiscal 2019.
A trust for the benefit of the children of Lip-Bu Tan, Cadence’s Chief Executive Officer (“CEO”) and director, owned less than 3% of nusemi inc, one of the companies acquired in 2017, and less than 2% of Rocketick Technologies Ltd. , one of the companies acquired in 2016.
Mr.  Tan and his wife serve as co-trustees of the trust and disclaim pecuniary and economic interest in the trust.
The Board of Directors of Cadence reviewed the transactions and concluded that it was in the best interests of Cadence to proceed with the transactions.
Mr.  Tan recused himself from the Board of Directors’ discussion of the valuation of nusemi inc and Rocketick Technologies Ltd.  and on whether to proceed with the transactions.
Acquisition-related Transaction Costs There were no direct transaction costs associated with acquisitions during fiscal 2018.
Transaction costs associated with acquisitions were $0.6 million and $1.1 million during fiscal 2017 and 2016, respectively.
These costs consist of professional fees and administrative costs and were expensed as incurred in Cadence’s consolidated income statements.
NOTE 9.
GOODWILL AND ACQUIRED INTANGIBLES Goodwill The changes in the carrying amount of goodwill during fiscal 2018 and 2017 were as follows:
## Table 0 ##
Cadence completed its annual goodwill impairment test during the third quarter of fiscal 2018 and determined that the fair value of Cadence’s single reporting unit substantially exceeded the carrying amount of its net assets and that no impairment existed.
## Table 1 ##
Affiliated Company Transactions —
## Table 2 ##
FirstEnergy does not bill directly or allocate any of its costs to any subsidiary company.
Costs are allocated to FES and the Registrant Utilities from FESC, AESC and FENOC.
The majority of costs are directly billed or assigned at no more than cost.
The remaining costs are for services that are provided on behalf of more than one company, or costs that cannot be precisely identified and are allocated using formulas developed by FESC, AESC and FENOC.
The current allocation or assignment formulas used and their bases include multiple factor formulas: each company’s proportionate amount of FirstEnergy’s aggregate direct payroll, number of employees, asset balances, revenues, number of customers, other factors and specific departmental charge ratios.
Management believes that these allocation methods are reasonable.
Intercompany transactions are generally settled under commercial terms within thirty days.
FES and the Utilities are parties to an intercompany income tax allocation agreement with FirstEnergy and its other subsidiaries that provides for the allocation of consolidated tax liabilities.
Net tax benefits attributable to FirstEnergy are generally reallocated to the subsidiaries of FirstEnergy that have taxable income.
That allocation is accounted for as a capital contribution to the company receiving the tax benefit (see Note 5, Taxes).18.
SUPPLEMENTAL GUARANTOR INFORMATION As discussed in Note 6, Leases FES has fully and unconditionally guaranteed all of FGCO’s obligations under each of the leases associated with Bruce Mansfield Unit 1.
The Consolidating Statements of Income for the three years ended December 31, 2011, Consolidating Balance Sheets as of December 31, 2011, and December 31, 2010, and Condensed Consolidating Statements of Cash Flows for the three years ended December 31, 2011, for FES (parent and guarantor), FGCO and NGC (non-guarantor) are presented below and have been revised, as applicable, for the change in accounting for pensions and OPEB (see Note 1, Organization, Basis of Presentation and Significant Accounting Policies).
Investments in wholly owned subsidiaries are accounted for by FES using the equity method.
Results of operations for FGCO and NGC are, therefore, reflected in FES’ investment accounts and earnings as if operating lease treatment was achieved (see Note 6, Leases).
The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions and the entries required to reflect operating lease treatment
The following tables summarize the price and volume factors contributing to changes in revenues:

<table><tr><td></td><td>Gross CarryingAmount (In thousands)</td></tr><tr><td>Balance as of December 31, 2016</td><td>$572,764</td></tr><tr><td>Goodwill resulting from acquisitions</td><td>90,218</td></tr><tr><td>Effect of foreign currency translation</td><td>3,027</td></tr><tr><td>Balance as of December 30, 2017</td><td>666,009</td></tr><tr><td>Effect of foreign currency translation</td><td>-3,737</td></tr><tr><td>Balance as of December 29, 2018</td><td>$662,272</td></tr></table>
<table><tr><td>2010</td><td>FES</td><td>OE</td><td>CEI</td><td>TE</td><td>JCP&L</td><td>Met-Ed</td><td>Penelec</td></tr><tr><td></td><td colspan="7">(In millions)</td></tr><tr><td>Revenues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Electric sales to affiliates</td><td>$2,227</td><td>$190</td><td>$2</td><td>$46</td><td>$—</td><td>$73</td><td>$65</td></tr><tr><td>Ground lease with ATSI</td><td>—</td><td>12</td><td>7</td><td>2</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Other</td><td>88</td><td>1</td><td>7</td><td>1</td><td>—</td><td>10</td><td>—</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Purchased power from affiliates</td><td>371</td><td>522</td><td>361</td><td>181</td><td>—</td><td>612</td><td>643</td></tr><tr><td>Fuel</td><td>46</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Support services</td><td>620</td><td>128</td><td>64</td><td>52</td><td>94</td><td>59</td><td>58</td></tr><tr><td>Investment Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest income from affiliates</td><td>—</td><td>—</td><td>—</td><td>12</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Interest income from FE</td><td>3</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Interest Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense to affiliates</td><td>9</td><td>3</td><td>14</td><td>1</td><td>4</td><td>2</td><td>2</td></tr><tr><td>Interest expense to FE</td><td>—</td><td>—</td><td>1</td><td>—</td><td>—</td><td>—</td><td>—</td></tr></table>
<table><tr><td>2009</td><td>FES</td><td>OE</td><td>CEI</td><td>TE</td><td>JCP&L</td><td>Met-Ed</td><td>Penelec</td></tr><tr><td></td><td colspan="7">(In millions)</td></tr><tr><td>Revenues:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Electric sales to affiliates</td><td>$2,826</td><td>$189</td><td>$2</td><td>$38</td><td>$—</td><td>$—</td><td>$—</td></tr><tr><td>Ground lease with ATSI</td><td>—</td><td>12</td><td>7</td><td>2</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Other</td><td>30</td><td>1</td><td>6</td><td>1</td><td>—</td><td>10</td><td>—</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Purchased power from affiliates</td><td>222</td><td>993</td><td>735</td><td>393</td><td>—</td><td>365</td><td>342</td></tr><tr><td>Fuel</td><td>15</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Support services</td><td>584</td><td>141</td><td>62</td><td>59</td><td>91</td><td>54</td><td>57</td></tr><tr><td>Investment Income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest income from affiliates</td><td>—</td><td>15</td><td>—</td><td>17</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Interest income from FE</td><td>4</td><td>1</td><td>—</td><td>—</td><td>—</td><td>1</td><td>—</td></tr><tr><td>Interest Expense:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense to affiliates</td><td>6</td><td>5</td><td>17</td><td>2</td><td>4</td><td>3</td><td>2</td></tr><tr><td>Interest expense to FE</td><td>4</td><td>1</td><td>1</td><td>1</td><td>—</td><td>—</td><td>1</td></tr></table>

Question: what is the percentage increase in the balance of goodwill from 2017 to 2018?
Answer: -0.00561