Goodwill

12 Months Ended

Dec. 31, 2022

Goodwill.

Goodwill

20.   Goodwill

Balance, December 31, 2020	$	840,610
Additions		108,778
Foreign exchange movement		(1,673)
Balance, December 31, 2021	$	947,715
Additions		3,882
Foreign exchange movement		(2,781)
Balance, December 31, 2022	$	948,816

In 2022, the Company recognized an increase in goodwill of $3.9 million as a result of finalizing the SmartEquip net working capital adjustment and acquisition purchase price allocation.

In 2021, the Company recognized $110.6 million of goodwill from the acquisition of SmartEquip, as well as a reduction in goodwill of $1.8 million as a result of finalizing the Rouse acquisition purchase price allocation.