Annual report pursuant to Section 13 and 15(d)

GOODWILL

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GOODWILL
12 Months Ended
Dec. 31, 2021
CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS  
GOODWILL

9.     GOODWILL

Goodwill represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $721.8 million at December 31, 2021 and $653.2 million as of December 31, 2020. Goodwill increased for the year ended December 31, 2021 primarily due to acquisitions. The carrying amount of goodwill in foreign countries was $82.1 million as of December 31, 2021 and $81.4 million as of December 31, 2020.

The changes in the carrying amount of goodwill for the twelve months ended December 31, 2021 and 2020 were as follows:

(in thousands)

    

    

Goodwill at December 31, 2019

    

$

572,847

Goodwill acquired

 

73,430

Goodwill adjustments due to currency translation

 

6,899

Goodwill at December 31, 2020

 

653,176

Goodwill acquired

 

69,264

Goodwill adjustments due to currency translation

 

(621)

Goodwill at December 31, 2021

$

721,819