Goodwill

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The Company evaluates goodwill for impairment at least annually during the fourth quarter. The annual tests during the fourth quarters of 2022, 2021 and 2020 resulted in no impairment.

The changes in the carrying amount of goodwill for each reporting segment were as follows (in millions):


	ATM		FBS		Total
Balance at December 31, 2020	$	398.4	$	5.3	$	403.7
Goodwill acquired	250.4		—		250.4
Foreign currency translation	(5.4)		(0.4)		(5.8)
Balance at December 31, 2021	$	643.4	$	4.9	$	648.3
Goodwill acquired(1)	215.8		—		215.8
Foreign currency translation and other(2)	(16.6)		(0.3)		(16.9)
Balance at December 31, 2022	$	842.6	$	4.6	$	847.2

(1) $214.4 million related to the Merger and $1.4 million related to measurement period adjustments for the Scapa acquisition.

(2) During the first quarter of 2022, goodwill with a carrying amount of $2.1 million was allocated to the disposal group classified as held for sale and subsequently impaired. Goodwill was allocated to the disposal group on the basis of relative fair value, primarily utilizing Level 3 inputs which included forecasted future cash flows.

Accumulated impairment loss for the FBS segment was $2.7 million as of December 31, 2022.