v3.21.2
Goodwill
6 Months Ended 11 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Goodwill    
Goodwill

Note H — Goodwill

The Company performed an annual qualitative assessment of impairment as of October 1, 2020 for each of the three reporting units, Mission Solutions, Space Components, and Engineering Services, concluding there was no impairment. The Company also concluded that there were no indicators of impairment requiring further testing during the six month period ended June 30, 2021.

The changes in the carrying amount of goodwill are as follows:

    

Successor

June 30, 2021

Beginning Balance at January 1, 2021

$

52,711

Goodwill arising from the Oakman acquisition

 

6,866

Goodwill arising from the DPSS acquisition

 

11,148

Measurement period adjustment – DSS acquisition

 

(85)

Measurement period adjustment – MIS acquisition

 

(512)

Measurement period adjustment – Roccor acquisition

 

(684)

Change arising from impact of foreign currency

 

(111)

Ending Balance

$

69,333

The Company’s estimate of the amount payable to/receivable from the seller as of the acquisition date changed during the Successor 2021 Period. These changes primarily related to settlement of net working capital adjustments. These changes were caused

by new information becoming available during the Successor 2021 Period relating to events and circumstances existing at the acquisition date, therefore measurement period adjustments were recorded.

    

Successor

December  31, 2020

Beginning Balance at February 10, 2020

$

Goodwill arising from the Adcole acquisition

 

21,525

Goodwill arising from the DSS acquisition

 

3.984

Goodwill arising from the MIS acquisition

 

15,320

Goodwill arising from the Roccor acquisition

 

6,725

Goodwill arising from the LoadPath acquisition

 

4,813

Change arising from impact of foreign currency

 

344

Ending Balance

$

52,711

Note H – Goodwill

The Company performed an annual qualitative assessment of impairment as of October 1 for each of the three reporting units, Mission Solutions, Space Components, and Engineering Services, concluding that it was not more likely than not that the fair value of each reporting unit was less than its carrying value. The Company also concluded that there were no indicators of impairment requiring further testing as of December 31, 2020 (Successor).

The changes in the carrying amount of goodwill are as follows:

Successor

Predecessor

December 31, 

December 31, 

    

2020

    

2019

Beginning Balance

$

$

Goodwill arising from the Adcole acquisition

 

21,525

 

Goodwill arising from the DSS acquisition

 

3,984

 

Goodwill arising from the MIS acquisition

 

15,320

 

Goodwill arising from the Roccor acquisition

 

6,725

 

Goodwill arising from the LoadPath acquisition

 

4,813

 

Change arising from impact of foreign currency

 

344

 

Ending Balance

$

52,711

$