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Note 7 - Goodwill

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 7 GOODWILL

The following table summarizes the goodwill activity for the nine months ended September 30, 2023:

(in thousands)	Extended Warranty		Kingsway Search Xcelerator			Corporate		Total
Balance, December 31, 2022	$	31,153	$	13,613		$	732	$	45,498
Acquisition		—		911			—		911
Measurement period adjustment		—		(10	)		—		(10	)
Balance, September 30, 2023	$	31,153	$	14,514		$	732	$	46,399

As further discussed in Note 5, "Acquisitions, Disposal and Discontinued Operations," during the third quarter of 2023 the Company recorded goodwill of $0.9 million related to the acquisition of SPI on September 7, 2023. The goodwill related to this acquisition is provisional and subject to adjustment during the measurement period. The Company expects to complete its purchase price allocation during the fourth quarter of 2023. The estimates, allocations and calculations recorded at September 30, 2023 are subject to change as we obtain further information; therefore, the final fair values of the assets acquired and liabilities assumed may not agree with the estimates included in these consolidated financial statements.

As further discussed in Note 5, "Acquisitions, Disposal and Discontinued Operations," during the first quarter of 2023 the Company settled the working capital true-up, related to the acquisition of CSuite, that decreased goodwill by less than $0.1 million.

Goodwill is assessed for impairment annually as of November 30, or more frequently if events or circumstances indicate that the carrying value may not be recoverable. 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. Changes in assumptions concerning future financial results or other underlying assumptions could have a significant impact on either the fair value of the reporting units, the amount of the goodwill impairment charge, or both. No impairment charges were recorded during the three and nine months ended September 30, 2023 and September 30, 2022.