Note 7: Goodwill

Goodwill is recorded on the acquisition date of an entity. During the measurement period, the Company may record subsequent adjustments to goodwill for provisional amounts recorded at the acquisition date. The Universal acquisition on February 28, 2018 resulted in $20.5 million of goodwill, after a total reduction of $1.6 million. This reduction was recorded in the second and fourth quarters of 2018 as measurement period adjustments. Details regarding the Universal acquisition are discussed in Note 2 Acquisitions of this Form 10‑Q. There have been no changes in goodwill since December 31, 2018.


	September 30,		December 31,
	2019		2018
Balance as of beginning of period	$	22,310	$	1,800
Goodwill acquired during the year		-		22,069
Measurement period adjustments		-		(1,559)
Balance as of end of period	$	22,310	$	22,310