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Goodwill | 9 Months Ended
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Oct. 01, 2022
Notes To Financial Statements [Abstract] |
Goodwill | Goodwill Changes in the carrying amount of goodwill for the nine months ended October 1, 2022 are as follows (in thousands):
| Commercial Foodservice |  | Food Processing |  | Residential Kitchen |  | Total
Balance as of January 1, 2022 | $ | 1,285,087 |  |  | $ | 250,715 |  |  | $ | 707,667 |  |  | $ | 2,243,469 |
Goodwill acquired during the year | 5,469 |  |  | 86,314 |  |  | 2,265 |  |  | 94,048 |
Measurement period adjustments to goodwill acquired in prior year | 858 |  |  | — |  |  | 53,948 |  |  | 54,806 |
Exchange effect | (31,328) |  |  | (12,245) |  |  | (61,330) |  |  | (104,903) |
Balance as of October 1, 2022 | $ | 1,260,086 |  |  | $ | 324,784 |  |  | $ | 702,550 |  |  | $ | 2,287,420 |
The annual impairment assessment for goodwill and indefinite-lived intangible assets is performed as of the first day of the fourth quarter and since that assessment, the company does not believe there are any indicators of impairment requiring subsequent analysis. This is supported by the review of order rates, backlog levels and financial performance across business segments.

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