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Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill Goodwill activity related to acquisitions is included in the table below:
|  | (Dollars in Thousands)
|  | Goodwill By Reportable Segment
|  | Lawson |  | Bolt |  | Total
Beginning balance January 1, 2020 |  | $ | 7,369 |  |  | $ | 13,554 |  |  | $ | 20,923 |
Impact of foreign exchange |  | 85 |  |  | 270 |  |  | 355 |
Acquisition (1) |  | 15,816 |  |  | — |  |  | 15,816 |
Impairment (2) |  | (1,918) |  |  | — |  |  | (1,918) |
Balance at December 31, 2020 |  | 21,352 |  |  | 13,824 |  |  | 35,176 |
Impact of foreign exchange |  | 32 |  |  | 105 |  |  | 137 |
Balance at December 31, 2021 |  | $ | 21,384 |  |  | $ | 13,929 |  |  | $ | 35,313 |
(1) The $15.8 million addition to goodwill in 2020 was due to the allocation of the purchase price from the Partsmaster acquisition. (2) The Company performed a quantitative goodwill impairment analysis as of December 1, 2020 for the Screw Products reporting unit. The Company engaged a third party valuation firm to determine the value of the Screw Products reporting unit, and determined that the carrying value of the net assets exceeded the fair value of the reporting unit, and accordingly, recognized an impairment charge of $1.9 million. The goodwill related to the Screw Products reporting unit was fully impaired in 2020. Although the Company believes the projected future operating results and cash flows and related estimates regarding the values were based on reasonable assumptions, it is reasonably possible that estimates made may be materially and adversely impacted in the future, including impairment losses related to goodwill.

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- Definition The entire disclosure for goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
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