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Goodwill | 12 Months Ended
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Dec. 31, 2024
Intangible Assets Disclosure [Abstract] |
Goodwill | The changes in the carrying amount of goodwill for the periods ended December 31, 2024 and 2023, are as follows:
|  | Segment |
|  | Engine Services |  |  | Component Repair Services |  |  | Total |
|  | (in thousands) |
Balance, December 31, 2022 |  | $ | 1,201,213 |  |  | $ | 408,304 |  |  | $ | 1,609,517 |
Goodwill acquired |  |  | 23,494 |  |  |  | — |  |  |  | 23,494 |
Post-closing adjustment |  |  | — |  |  |  | (515 | ) |  |  | (515 | )
Goodwill, December 31, 2023 |  |  | 1,224,707 |  |  |  | 407,789 |  |  |  | 1,632,496 |
Goodwill acquired |  |  | — |  |  |  | 53,474 |  |  |  | 53,474 |
Goodwill, December 31, 2024 |  | $ | 1,224,707 |  |  | $ | 461,263 |  |  | $ | 1,685,970 |
The Company reviews goodwill at least annually for potential impairment, as of October 1, and more frequently, if events or changes in circumstances suggest that impairment may exist. See Note 2, "Summary of Significant Accounting Policies" for additional information on the Company's policy for assessing goodwill for impairment. Goodwill Impairment Testing The Company performed its annual goodwill impairment testing as of October 1, 2024, 2023 and 2022, and determined that no adjustments to the carrying value of goodwill were necessary as it was more likely than not that the fair values of our reporting units are above their carrying values and that no impairment exists. No goodwill impairments were incurred for the years ended December 31, 2024, 2023, and 2022.

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