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Goodwill

6 Months Ended

Jun. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

6. Goodwill

The following table sets forth the changes in the carrying amount of goodwill (in thousands):

Balance as of December 31, 2020 (1)	$	785,305
BMC Merger		1,751,604
All other acquisitions		8,374
Reclassification of held-for-sale assets		(9,923	)
Balance as of June 30, 2021 (1)	$	2,535,360

(1)Goodwill is presented net of accumulated impairment losses of $44.6 million.

In 2021, the change in the carrying amount of goodwill is attributable to the BMC Merger and other acquisitions. As a result of the change in segments discussed in Note 1 to these condensed consolidated financial statements, the Company has determined that the reporting units used in the analysis of goodwill impairment should align with its three operating segments. As of June 30, 2021, no triggering events have occurred. The amount allocated to goodwill is attributable to the assembled workforce as well as expected growth from the expanded product and service offerings of BMC and our other acquisitions. The goodwill recognized from the BMC Merger will not be deductible for tax purposes. The goodwill recognized from the John’s Lumber acquisition is expected to be deductible for tax purposes and will be amortizable ratably over a 15-year period for tax purposes.