The change in carrying amount of goodwill for the years ended December 31, 2024 was as follows (in thousands):


	Total
Net balance as of December 31, 2023	$	—
Additions due to business combinations		12,378
Impairments		—
Foreign currency translation		(231	)
Net balance as of December 31, 2024	$	12,147
Additions due to business combinations		2,335
Measurement period adjustments		1,670
Impairments		(1,901	)
Foreign currency translation		365
Net balance as of December 31, 2025	$	14,616

Change in Reporting Units and Goodwill Impairment

On January 1, 2025, the Company realigned its reportable segments to correspond with changes to its operating model, management structure, and organizational responsibilities. We bifurcated results into two segments: Eastern Hemisphere and Western Hemisphere. As a result, we split into four reporting units and reallocated goodwill among our affected reporting units on a relative fair value basis. We performed a goodwill impairment assessment immediately before and after our business reorganization. We concluded based on our pre-reorganization impairment test that goodwill was not impaired. As a result of the post-reorganization impairment test, we recognized a non-cash goodwill impairment loss of $1.9 million during the year ended December 31, 2025, related to our Diamond Products and Deep Casing reporting units as the estimated fair values of the new reporting units was lower than the related carrying value.