The changes in the carrying amount of goodwill for the periods ended June 30, 2026 and 2025 are as follows:


	Segment
	Engine Services		Component Repair Services		Total
	(in thousands)
Balance, December 31, 2025	$	1,224,707	$	459,548	$	1,684,255
Goodwill acquired		—		26,550		26,550
Balance, June 30, 2026	$	1,224,707	$	486,098	$	1,710,805

The $26.6 million increase in goodwill acquired is the result of an acquisition by the Company during the three months ended June 30, 2026. The acquisition was not considered material to the Company’s condensed consolidated financial statements.


	Segment
	Engine Services		Component Repair Services			Total
	(in thousands)
Balance, December 31, 2024	$	1,224,707	$	461,263		$	1,685,970
Post-closing adjustment		—		(1,683	)		(1,683	)
Goodwill, June 30, 2025	$	1,224,707	$	459,580		$	1,684,287

The Company reviews goodwill at least annually for potential impairment, as of October 1, and more frequently, if events or changes in circumstances suggest that an impairment may exist. The Company performed its annual goodwill impairment testing as of October 1, 2025, and determined that no adjustments to the carrying value of goodwill were necessary as it was more likely than not that the fair values of the Company’s reporting units are above their carrying values and that no impairment had occurred. The Company has assessed the changes in events and circumstances through the quarter ended June 30, 2026, and has concluded that no triggering events have occurred that would require interim testing.