GOODWILL

9 Months Ended

Sep. 30, 2023

GOODWILL

GOODWILL

11. GOODWILL

Goodwill represents the excess of the purchase price over the fair value of net assets of businesses acquired. The following is a summary of the changes in Goodwill by reporting unit for the nine months ended September 30, 2023:

(in thousands)	Technical Services		Support Services		Total
Beginning balance at January 1, 2023	$	30,992	$	1,158	$	32,150
Business acquisition (see note 3)		18,674		—		18,674
Ending balance at September 30, 2023	$	49,666	$	1,158	$	50,824