GOODWILL

12 Months Ended

Dec. 31, 2019

GOODWILL

GOODWILL

4. GOODWILL

The change in the carrying amount of goodwill for 2019 and 2018 is as follows (in thousands):

	December 31,		December 31,
	2019		2018
Beginning balance	$	52,639	$	29,531
Goodwill acquired (Note 2)		614		23,844
Effect of foreign currency translation		(318)		(736)
Ending balance	$	52,935	$	52,639

The purchase price allocation was finalized for the TCI acquisition during the fourth quarter 2019.