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Goodwill
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. The changes in the carrying amounts of goodwill were as follows:

Balance at December 31, 2023
$402.2 
Acquisitions(1)
40.9 
Effect of foreign currency translation(0.4)
Balance at September 30, 2024
$442.7 
(1) The Company completed two acquisitions of private companies during the nine months ended September 30, 2024.
Goodwill amounts are not amortized, but tested for impairment on an annual basis. There was no impairment of goodwill during the periods ended September 30, 2024 and December 31, 2023.