v3.24.0.1
GOODWILL
12 Months Ended
Dec. 31, 2023
GOODWILL  
GOODWILL

4. GOODWILL

The change in the carrying amount of goodwill for 2023 and 2022 is as follows (in thousands):

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December 31, 

    

​

December 31, 

​

​

2023

​

​

2022

Beginning balance

$

126,366

​

​

106,633

Goodwill acquired

​

2,876

​

​

21,556

Impact of measurement period adjustments of acquisitions (Note 2)

​

1,356

​

​

291

Effect of foreign currency translation

 

740

​

 

(2,114)

Ending balance

$

131,338

​

$

126,366

​

The purchase price allocation for Sierramotion is not final as of December 31, 2023. Adjustments to this allocation may result in changes to the amounts recorded for goodwill in future periods. The purchase price allocation was finalized for FPH, ThinGap, and Airex during 2023.