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Note 7 - Goodwill

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 7 GOODWILL

The following table summarizes the goodwill activity for the three months ended March 31, 2024:

(in thousands)		Extended Warranty				Kingsway Search Xcelerator				Corporate				Total
Balance, December 31, 2023		$	31,153			$	18,473			$	732			$	50,358
Measurement period adjustments			—				94				—				94
Balance, March 31, 2024		$	31,153			$	18,567			$	732			$	50,452

As further discussed in Note 5, "Acquisitions and Discontinued Operations," during the first quarter of 2024, the Company recorded measurement period adjustments, related to acquisitions of SPI and DDI, that increased goodwill by $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 goodwill impairment charges were recorded during the three months ended March 31, 2024 and March 31, 2023.