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Goodwill
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

9. Goodwill

 

The following table presents changes to goodwill for the years ended December 31, 2021, 2020 and 2019:

 

 

Total

Balance at December 31, 2018 (Predecessor)

 

$119,529,202

Acquisitions

 

Dispositions

 

Impairment Loss

 

Balance at July 10, 2019 (Predecessor)

 

$119,529,202

 

 

 

Balance at July 11, 2019 (Successor)

 

$339,911,400

Acquisitions

 

49,749,119

Dispositions

 

Impairment Loss

 

Balance at December 31, 2019 (Successor)

 

$389,660,519

Acquisitions

 

62,263,733

Dispositions

 

Impairment Loss

 

Measurement period adjustment

 

7,046,003

Balance at December 31, 2020

 

458,970,255

Acquisitions

 

366,622,156

Dispositions

 

Impairment Loss

 

Measurement period adjustment

 

(10,779)

Other

 

(1,500,000)

Balance at December 31, 2021

 

$824,081,632

 

 

 

During the year ended December 31, 2020, the Company recognized a $7.0 million measurement period adjustment in accordance with APS acquisition, of which $6.6 million was due to a valuation adjustment on contingent consideration.

The Company has only one operating segment and, based on the criteria outlined in ASC 350, Intangibles – Goodwill and Other (“ASC 350”), only one reporting unit that needs to be tested for goodwill impairment. Accordingly, goodwill was reviewed for impairment at the consolidated entity level. The Company concluded that goodwill was not impaired as of December 31, 2021. As of December 31, 2021 and 2020, there were no accumulated impairment losses on the Company’s goodwill.