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Goodwill | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill The Company evaluates goodwill for impairment at least annually during the fourth quarter or whenever events or changes in circumstances indicate that an evaluation should be completed. The Company determines the fair value of its reporting units using the income approach. The determination of the fair value using the income approach requires management to make significant estimates and assumptions related to forecasts of future cash flows and discount rates. Changes to the forecasted revenue growth, earnings before income taxes, depreciation and amortization (“EBITDA”) and discount rate assumptions may result in a significantly different estimate of the fair value of the reporting units, which could result in a different assessment of the recoverability of goodwill or measurement of an impairment charge. During 2023 the Company performed an interim quantitative goodwill impairment test, which resulted in an impairment charge of $401.0 million related to certain reporting units which are now included within the SAS reportable segment. The annual tests during the fourth quarters of 2024, 2023 and 2022 resulted in no impairment. Refer to Note 20. Segment Information for additional information on our reportable segments. The changes in the carrying amount of goodwill for each reportable segment were as follows (in millions):
| FAM |  | SAS |  | Total
Balance at December 31, 2022 | $ | 408.2 |  |  | $ | 436.0 |  |  | $ | 844.2 |
Goodwill acquired(1) | 4.1 |  |  | 11.9 |  |  | 16.0 |
Goodwill impairment | — |  |  | (401.0) |  |  | (401.0) |
Foreign currency translation and other | 5.6 |  |  | 9.3 |  |  | 14.9 |
Balance at December 31, 2023 | 417.9 |  |  | 56.2 |  |  | 474.1 |
Foreign currency translation and other | (6.0) |  |  | (2.5) |  |  | (8.5) |
Balance at December 31, 2024 | $ | 411.9 |  |  | $ | 53.7 |  |  | $ | 465.6 |
(1) Related to the measurement period adjustments for the Merger. There was no accumulated impairment loss for the FAM segment as of December 31, 2024 and 2023. Accumulated impairment loss for the SAS segment was $401.0 million as of December 31, 2024 and 2023.

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