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GOODWILL
 3 Months Ended
Mar. 31, 2023
GOODWILL [ABSTRACT]  
GOODWILL.

(5)GOODWILL

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Goodwill consisted of the following (in thousands):

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Effect of

    

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December 31,

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Acquisitions /

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Foreign

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March 31,

 

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2022

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Adjustments

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Impairments

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Currency

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2023

 

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TTEC Digital

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$

502,806

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$

(2,763)

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$

—

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$

(114)

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$

499,929

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TTEC Engage

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305,039

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2,763

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—

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254

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308,056

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Total

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$

807,845

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$

—

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$

—

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$

140

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$

807,985

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The Company performs a goodwill impairment assessment on at least an annual basis. The Company conducts its annual goodwill impairment assessment during the fourth quarter, or more frequently, if indicators of impairment exist. During the quarter ended March 31, 2023, the Company assessed whether any such indicators of impairment existed and concluded there were none.

Effective January 1, 2023, the Company completed a small reorganization of the internal reporting structure and one component from the TTEC Digital segment was reclassified and will now be included in the TTEC Engage segment.  Given the modification in reporting units, the Company conducted an impairment test before and after the change, and it was concluded that the fair value of the reporting units exceeded the carrying value on both testing dates. With the change in reporting units, the Company performed a relative fair value valuation calculation to allocate a portion of the Company’s historical goodwill to this specific component, which was then reallocated from the TTEC Digital segment to the TTEC Engage segment.