Goodwill

3 Months Ended

Mar. 31, 2022

Goodwill Excluding Non Goodwill Intangibles [Abstract]

Goodwill

Goodwill

The following table reflects changes in the carrying amount of goodwill for the three months ended March 31, 2022:

In thousands	Device Solutions		Networked Solutions		Outcomes		Total Company
Goodwill balance at January 1, 2022	$	39,377	$	918,005	$	141,593	$	1,098,975
Adjustment to goodwill acquired	—		(23)		—		(23)
Effect of change in exchange rates	(281)		(5,886)		(897)		(7,064)
Goodwill balance at March 31, 2022	$	39,096	$	912,096	$	140,696	$	1,091,888

On October 12, 2021, we acquired SELC Group Limited (SELC), from Sensus Metering Systems (LUXCO3) S.ár.l. For the three months ended March 31, 2022, an adjustment was recorded to the goodwill acquired.