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GOODWILL
9 Months Ended
Sep. 30, 2023
GOODWILL [Abstract]  
GOODWILL
6. GOODWILL

The changes in the carrying amount of goodwill consisted of the following:

 
Nine Months Ended
   
Year Ended
 
   
September 30, 2023
   
December 31, 2022
 
    (In thousands)  
Beginning balance
 
$
494,101
   
$
434,679
 
Goodwill acquired
   
25,932
     
72,674
 
Goodwill adjustments for purchase price allocation of businesses acquired in prior year
   
2,874
     
(4,140
)
Goodwill impairment
    -       (9,112 )
Ending balance
 
$
522,907
   
$
494,101
 

For the three and nine months ended September 30, 2023 and 2022, no triggering events or indicators were identified that would require impairment assessments as of such periods. During the year ended December 31, 2022, the Company recorded a charge for goodwill impairment of $9.1 million related to the IIP Acquisition in November 2021. The impairment was 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.