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Goodwill
 12 Months Ended
Dec. 31, 2022
Goodwill [Abstract]  
Goodwill
7. Goodwill


The changes in the carrying amount of goodwill as of December 31, 2022 and 2021 consisted of the following (in thousands):

 
Year Ended
    
Year Ended
  
    December 31, 2022     December 31, 2021  
             
Beginning balance
  
$
434,679
    
$
345,646
  
Goodwill acquired
    
72,674
      
89,746
  
Goodwill adjustments for purchase price allocation of businesses acquired in prior year
    
(4,140
)
    
(713
)
Goodwill impairment
     (9,112 )     -  
Ending balance
  
$
494,101
    
$
434,679
  


During the year ended December 31, 2022, the Company recorded a charge for goodwill impairment of $9.1 million related to the IIP Acquisition. The impairment is related to a change in the IIP Acquisition’s current and projected operating income as well as various market inputs based on current market conditions, including the higher interest rate environment.