GOODWILL

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL

The following summarizes the changes in the net carrying amount of goodwill as of September 30, 2021:

(in thousands)	B&W Renewable		B&W Environmental		B&W Thermal		Total
Balance at December 31, 2020	$	10,211	$	5,673	$	31,479	$	47,363
Addition - Fosler Construction(1)	43,230		—		—		43,230
Currency translation adjustments	(7)		(6)		(32)		(45)
Balance at September 30, 2021	$	53,434	$	5,667	$	31,447	$	90,548

(1) As described in Note 24, we are in the process of completing the purchase price allocation associated with the Fosler Construction acquisition and as a result, the provisional measurements of goodwill associated with this acquisition are subject to change.

Goodwill is tested for impairment annually and when impairment indicators exist. No impairment indicators were identified during the three months ended September 30, 2021. Because the B&W Thermal, B&W Construction Co., LLC, B&W Renewable and B&W Environmental reporting units each had negative carrying values, reasonable changes in assumptions would not indicate impairment.