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Goodwill
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

6. Goodwill

The following table sets forth the changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2020 (in thousands):

 

 

 

 

Northeast

 

 

Southeast

 

 

South

 

 

West

 

 

Total

 

Balance as of December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

97,102

 

$

60,691

 

$

343,919

 

$

311,946

 

$

813,658

 

Accumulated impairment losses

 

 

(494

)

 

(615

)

 

(43,527

)

 

 

 

(44,636

)

 

 

 

96,608

 

 

60,076

 

 

300,392

 

 

311,946

 

 

769,022

 

Acquisitions

 

 

 

 

8,261

 

 

 

 

 

 

8,261

 

Balance as of March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

97,102

 

$

68,952

 

$

343,919

 

$

311,946

 

$

821,919

 

Accumulated impairment losses

 

 

(494

)

 

(615

)

 

(43,527

)

 

 

 

(44,636

)

 

 

$

96,608

 

$

68,337

 

$

300,392

 

$

311,946

 

$

777,283

 

 

In 2020, the change in the carrying amount of goodwill is attributable to our acquisition of Bianchi.  The amount allocated to goodwill is attributable to the assembled workforce of Bianchi as well as expected growth from the expanded millwork product and service operations acquired.  All of the goodwill recognized from this acquisition is expected to be deductible for tax purposes and will be amortized ratably over a 15-year period for tax purposes.