Quarterly report pursuant to Section 13 or 15(d)

Goodwill

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Goodwill
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is allocated to the reporting units expected to benefit from the business combinations. The Company tests goodwill for impairment annually during the fourth quarter, or whenever events or changes in circumstances indicate that the fair value of net assets has decreased below its carrying value.
During the three months ended March 31, 2023, in relation to the Bird Canada acquisition, the Company recognized $29.4 million of goodwill. The Company’s goodwill balance as of March 31, 2023 and December 31, 2022 was $29.4 million and $— million, respectively.
Although the Company believes its estimates of fair value are reasonable, actual financial results could differ from those estimates due to the inherent uncertainty involved in making such estimates.