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GOODWILL
12 Months Ended
Dec. 31, 2018
GOODWILL  
GOODWILL

4. GOODWILL

The change in the carrying amount of goodwill for 2018, 2017 and 2016 is as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

December 31, 

 

    

2018

    

2017

    

2016

Beginning balance

 

$

29,531

 

$

27,522

 

$

17,757

Goodwill acquired (Note 2)

 

 

23,844

 

 

 —

 

 

10,248

Effect of foreign currency translation

 

 

(736)

 

 

2,009

 

 

(483)

Ending balance

 

$

52,639

 

$

29,531

 

$

27,522

 

The purchase price allocation is not final for the TCI acquisition.  Adjustments to the allocations may result in changes to the amounts recorded for Goodwill in future periods.