Goodwill

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

(6) Goodwill

The following table reflects the changes in the carrying amount of goodwill by reporting unit for the nine months ended September 30, 2023:


	Nine Months Ended September 30, 2023
	Healthcare						Industrial						Consolidated
(in thousands)	Gross Goodwill		Impairments		Net Goodwill		Gross Goodwill		Impairments		Net Goodwill		Gross Goodwill		Impairments		Net Goodwill

Balance at beginning of year	$	143,431	$	(32,055)	$	111,376	$	316,265	$	(42,329)	$	273,936	$	459,696	$	(74,384)	$	385,312
Acquisitions and measurement period adjustments	1,005		—		1,005		7,735		—		7,735		8,740		—		8,740


Foreign currency translation adjustments	(1,175)		—		(1,175)		(1,552)		—		(1,552)		(2,727)		—		(2,727)
Balance at end of period	$	143,261	$	(32,055)	$	111,206	$	322,448	$	(42,329)	$	280,119	$	465,709	$	(74,384)	$	391,325

The effect of foreign currency exchange rates in the table above reflects the impact on goodwill of amounts recorded in currencies other than the U.S. dollar in the financial statements of foreign subsidiaries and the resulting effect of foreign currency translation between the applicable functional currency and the U.S. dollar.