GOODWILL

6 Months Ended

Jun. 30, 2021

In connection with the change in reportable segments on January 1, 2021, the Corporation recast its previously reported goodwill balances as of December 31, 2020 on a relative fair value basis. As a result, the Corporation performed an interim quantitative impairment assessment as of March 31, 2021 on each of its reporting units, and concluded that no impairment exists. Refer to Note 12 to the Condensed Consolidated Financial Statements for additional information on the Corporation’s reportable segments.

The changes in the carrying amount of goodwill for the six months ended June 30, 2021 are as follows:


(In thousands)	Aerospace & Industrial		Defense Electronics		Naval & Power		Consolidated
December 31, 2020	$	316,921	$	703,915	$	434,301	$	1,455,137
Adjustments (1)	—		9,845		—		9,845
Foreign currency translation adjustment	650		250		853		1,753
June 30, 2021	$	317,571	$	714,010	$	435,154	$	1,466,735

(1) Amount primarily relates to post-closing adjustments on the Corporation's acquisition of PacStar in October 2020.