Goodwill

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

The following schedule discloses the changes in the carrying value of goodwill:

	Three Months ended			Six Months ended
(Dollars in thousands)	June 30, 2020		June 30, 2019	June 30, 2020	June 30, 2019
Net carrying value at beginning of period	$	513,355	289,586	456,418	289,586
Acquisitions and adjustments	—		41,301	56,937	41,301
Net carrying value at end of period	$	513,355	330,887	513,355	330,887

The Company performed its annual goodwill impairment test during the third quarter of 2019 and determined the fair value of the aggregated reporting units exceeded the carrying value, such that the Company’s goodwill was not considered impaired. During the current quarter, the Company considered the impact of the COVID-19 pandemic and the economic conditions and the Company’s stock price remained significantly above tangible book value, so it was determined that such conditions would not likely reduce the fair value of a reporting unit below its carrying value. As a result, the Company did not perform interim testing at June 30, 2020. Changes in the economic environment, operations of the aggregated reporting units, or other factors could result in the decline in the fair value of the aggregated reporting units which could result in a goodwill impairment in the future. Accumulated impairment charges were $40,159,000 as of June 30, 2020 and December 31, 2019.

For additional information on goodwill related to acquisitions, see Note 13.