Goodwill, Net (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

A reconciliation of the changes in the carrying amount of goodwill and accumulated impairment losses, by reporting unit, for the nine months ended September 30, 2020 is as follows:


(in thousands)	PIRM		UWS		Consolidated
Balance as of January 1, 2020
Goodwill	$	1,078,225	$	1,216,196	$	2,294,421
Accumulated impairment losses	(600)		(6,925)		(7,525)
Goodwill, net	1,077,625		1,209,271		2,286,896
Measurement period adjustments	—		8		8
Acquisition	12,584		—		12,584

Translation adjustments	(612)		—		(612)

Balance as of September 30, 2020
Goodwill, net	$	1,089,597	$	1,209,279	$	2,298,876

In connection with our intent to exit our reseller businesses, we have reclassified $29.3 million and $79.9 million of goodwill, net, from our Property Intelligence and Risk Managements Solutions (“PIRM”) and Underwriting and Workflow Solutions (“UWS”) segments, respectively, to assets of discontinued operations as of September 30, 2020. See Note 14 - Discontinued Operations. As part of the process of marketing the sale of these businesses, we updated our long-term projections and obtained indicative fair market values from potential participants. The level of indicative values supported the net book value of the businesses being marketed and our remaining reporting units within continuing operations with no impairment.