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Goodwill
 6 Months Ended
Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

NOTE 6 Goodwill

Goodwill is subject to at least an annual assessment for impairment by applying a fair value-based test. The Company completed its most recent annual assessment as of November 30, 2019 and identified no impairment as a result of the evaluation.

The changes in the carrying value of goodwill by reportable segment for the six months ended June 30, 2020 are as follows:

 

(in thousands)

 

Retail

 

 

National

Programs

 

 

Wholesale

Brokerage

 

 

Services

 

 

Total

 

Balance as of December 31, 2019

 

$

2,351,291

 

 

$

925,541

 

 

$

298,101

 

 

$

171,161

 

 

$

3,746,094

 

Goodwill of acquired businesses

 

 

15,903

 

 

 

175,250

 

 

 

85,943

 

 

 

108

 

 

 

277,204

 

Goodwill disposed of relating to sales of businesses

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Balance as of June 30, 2020

 

$

2,367,194

 

 

$

1,100,791

 

 

$

384,044

 

 

$

171,269

 

 

$

4,023,298