MILLER INDUSTRIES INC TN
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
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Goodwill
**5.**GOODWILL
The Company’s acquisition of Southern Hydraulic Cylinder, Inc., resulted in the recognition of approximately$8.4 million of goodwill. For additional information on the Company’s acquisition of Southern Hydraulic Cylinder, Inc., see Note 2 – Business Combinations.
The following table summarizes the changes in the carrying amount of goodwill:
| | | | |
|---|---|---|---|
| (in thousands) | | | Total |
| Balance at December 31, 2022 | | $11,619 | |
| SHC, Inc. | | | 8,403 |
| Balance at December 31, 2023 | | $20,022 |
| PART II | ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
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