Goodwill, Net

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

A reconciliation of the changes in the carrying amount of goodwill, net, by reporting unit, for the years ended December 31, 2020 and 2019 is as follows:


(in thousands)	PIRM		UWS		Consolidated
Balance as of January 1, 2019
Goodwill	$	1,078,197	$	1,212,082	$	2,290,279
Accumulated impairment losses	(600)		(6,925)		(7,525)
Goodwill, net	1,077,597		1,205,157		2,282,754
Acquisitions	—		5,452		5,452
Measurement period adjustments	(5,041)		—		(5,041)
Disposal	—		(1,338)		(1,338)
Translation adjustments	5,069		—		5,069

Balance as of December 31, 2019
Goodwill, net	1,077,625		1,209,271		2,286,896
Measurement period adjustments	—		8		8
Acquisitions	12,603		—		12,603

Translation adjustments	15,988		—		15,988

Balance as of December 31, 2020
Goodwill, net	$	1,106,216	$	1,209,279	$	2,315,495

For the year ended December 31, 2020, within our PIRM segment, we recorded $12.6 million in goodwill in connection with the purchase of the remaining 66% of Location Inc., ("Location").

For the year ended December 31, 2019, within our PIRM segment, we recorded measurement period adjustments of approximately $0.1 million for Breakaway Holdings, LLC ("HomeVisit") and $5.1 million for Symbility Solutions, Inc. ("Symbility"). Within our UWS segment, we recorded goodwill of $5.5 million related to the acquisition of National Tax Search, LLC ("NTS") as well as a loss of $1.3 million associated with a non-core business-line disposal that was not significant. See Note 17 - Acquisitions for additional information.

We perform an annual goodwill impairment test for each reporting unit in the fourth quarter. In addition to our annual impairment test, we periodically assess whether events or circumstances occurred that potentially indicate that the carrying amounts of these assets may not be recoverable. During the third quarter of 2020, we performed a quantitative analysis due to our intention to exit our reseller operations. No impairments were recorded based on our interim assessment. During the fourth quarter of 2020, we assessed qualitative factors such as: cost structure, financial performance, legal and regulatory environment, industry and market conditions, and macroeconomic considerations. We noted no indicators of impairment on our reporting units through our analysis. It is reasonably possible that changes in the facts, judgments, assumptions, and estimates used in assessing the fair value of the goodwill could cause a reporting unit to become impaired.