Goodwill

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

GoodwillWe performed a goodwill impairment assessment as of December 31, 2021, which included both qualitative and quantitative assessments. Our assessment included a comparison of carrying value to an estimated fair value using a market approach based on our market capitalization. Based on this assessment, we concluded the fair value of all three segments was below the carrying value primarily due to the recent change in our market valuation and financial performance and recorded a goodwill impairment in the amount of $297.9 million. In the three months ended March 31, 2022, as a result of measurement period adjustments, we increased

goodwill in the amount of $5.5 million, which was immediately impaired. There was no impairment of goodwill during the three months ended June 30, 2022 or during the three and six months ended June 30, 2021.

The carrying amount of goodwill consisted of the following:

(In thousands)	Goodwill
Balance at December 31, 2021	$	284,268
Measurement period adjustment	5,403
Goodwill and intangible asset impairment	(5,494)
Balance at June 30, 2022	$	284,177