Goodwill

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

The following table sets forth the carrying amount and activity of goodwill as of June 30, 2023:

	Amount
Balance as of December 31, 2022	$	136,463
Acquisitions (Note 2)	141,789
Measurement period adjustment for current year acquisitions	225
Effect of exchange rate on goodwill	3,295
Balance as of June 30, 2023	$	281,772

The change in goodwill is primarily driven by $142,014 increase during the six months ended June 30, 2023 due to acquisition of Silicon Radar and GEO that were completed during the period, as well as a $3,295 increase in value due to effect of exchange rate on goodwill. See Note 2 — Business Combinations for a detailed discussion of goodwill acquired.

The Company tests its goodwill for impairment annually as of the first day of its fourth fiscal quarter and in interim periods if certain events occur indicating the carrying value of goodwill may be impaired. There were no indicators of impairment noted during the six months ended June 30, 2023.