Annual report pursuant to Section 13 and 15(d)

GOODWILL

v3.24.0.1
GOODWILL
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL GOODWILL
Goodwill represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $1.1 billion as of December 31, 2023 and $846.7 million as of December 31, 2022. Goodwill increased for the year ended December 31, 2023 primarily due to acquisitions. The carrying amount of goodwill in foreign countries was $112.6 million as of December 31, 2023 and $97.4 million as of December 31, 2022.
The changes in the carrying amount of goodwill for the twelve months ended December 31, 2023 and 2022 were as follows (in thousands):
Goodwill:
Balance at December 31, 2021 $ 786,504 
Additions 64,997 
Adjustments due to currency translation and other (4,797)
Balance at December 31, 2022 846,704 
Additions 224,014 
Dispositions (2,466)
Adjustments due to currency translation and other 2,058 
Balance at December 31, 2023 $ 1,070,310