GOODWILL

12 Months Ended

Dec. 31, 2022

GOODWILL

GOODWILL

4. GOODWILL

The change in the carrying amount of goodwill for 2022 and 2021 is as follows (in thousands):

		December 31,		December 31,
		2022		2021
Beginning balance	$	106,633		61,860
Goodwill acquired (Note 2)		21,556		46,431
Impact of measurement period adjustments of acquisitions (Note 2)		291		—
Effect of foreign currency translation		(2,114)		(1,658)
Ending balance	$	126,366	$	106,633

The purchase price allocations for FPH, ThinGap, and Airex are not final as of December 31, 2022. Adjustments to these allocations may result in changes to the amounts recorded for goodwill in future periods. The purchase price allocation was finalized for ORMEC, ALIO and Spectrum Controls during 2022.