| Goodwill |
NOTE 4 Goodwill
The changes in the carrying value of goodwill by reportable segment for the years ended December 31, are as follows:
|
(in thousands) |
|
Retail |
|
|
National
Programs |
|
|
Wholesale
Brokerage |
|
|
Services |
|
|
Total |
|
|
Balance as of January 1, 2019 |
|
$ |
2,063,150 |
|
|
$ |
926,206 |
|
|
$ |
291,622 |
|
|
$ |
151,808 |
|
|
$ |
3,432,786 |
|
|
Goodwill of acquired businesses |
|
|
302,640 |
|
|
|
74 |
|
|
|
6,479 |
|
|
|
19,353 |
|
|
|
328,546 |
|
|
Goodwill disposed of relating to sales of businesses |
|
|
(14,499 |
) |
|
|
(739 |
) |
|
|
— |
|
|
|
— |
|
|
|
(15,238 |
) |
|
Balance as of December 31, 2019 |
|
$ |
2,351,291 |
|
|
$ |
925,541 |
|
|
$ |
298,101 |
|
|
$ |
171,161 |
|
|
$ |
3,746,094 |
|
|
Goodwill of acquired businesses |
|
|
299,961 |
|
|
|
163,070 |
|
|
|
184,956 |
|
|
|
108 |
|
|
|
648,095 |
|
|
Goodwill disposed of relating to sales of businesses |
|
|
(782 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(782 |
) |
|
Foreign currency translation adjustments during the year |
|
|
— |
|
|
|
2,511 |
|
|
|
— |
|
|
|
— |
|
|
|
2,511 |
|
|
Balance as of December 31, 2020 |
|
$ |
2,650,470 |
|
|
$ |
1,091,122 |
|
|
$ |
483,057 |
|
|
$ |
171,269 |
|
|
$ |
4,395,918 |
|
|