XML 33 R18.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 8 - Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 8 GOODWILL The following table summarizes goodwill activity for the years ended December 31, 2024 and December 31, 2023:
(in thousands) |  | Extended Warranty |  |  | Kingsway Search Xcelerator |  |  | Corporate |  |  | Total |
Balance, December 31, 2022 |  | $ | 31,153 |  |  | $ | 13,613 |  |  | $ | 732 |  |  | $ | 45,498 |
Acquisitions |  |  | — |  |  |  | 4,870 |  |  |  | — |  |  |  | 4,870 |
Measurement period adjustment |  |  | — |  |  |  | (10 | ) |  |  | — |  |  |  | (10 | )
Balance, December 31, 2023 |  |  | 31,153 |  |  |  | 18,473 |  |  |  | 732 |  |  |  | 50,358 |
Acquisition |  |  | — |  |  |  | 6,486 |  |  |  | — |  |  |  | 6,486 |
Measurement period adjustments |  |  | — |  |  |  | 412 |  |  |  | — |  |  |  | 412 |
Impairment |  |  | — |  |  |  | — |  |  |  | (732 | ) |  |  | (732 | )
Balance, December 31, 2024 |  | $ | 31,153 |  |  | $ | 25,371 |  |  | $ | — |  |  | $ | 56,524 |
As further discussed in Note 4, "Acquisitions," during 2024 the Company recorded goodwill of $6.5 million related to the acquisition of Image Solutions on September 26, 2024. The goodwill related to this acquisition is provisional and subject to adjustment during the measurement period. The Company expects to complete its purchase price allocations within the next six months. The estimates, allocations and calculations recorded at December 31, 2024 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. During 2023 the Company recorded goodwill of $0.1 million related to the acquisition of SPI on September 7, 2023 and $4.8 million related to the acquisition of DDI on October 26, 2023. The goodwill recorded at December 31, 2023 related to these acquisitions was provisional and subject to adjustment during the measurement period. As further discussed in Note 4, "Acquisitions," during the second quarter of 2024, the Company recorded measurement period adjustments, related to acquisitions of SPI and DDI, that increased goodwill by $0.4 million. During the 2023 the Company settled the working capital true-up, related to the acquisition of CSuite on November 1, 2021, that decreased goodwill by less than $0.1 million. As of December 31, 2024 and December 31, 2023, accumulated goodwill impairment losses were $0.7 million and zero, respectively. 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. In evaluating the recoverability of goodwill, the Company estimates the fair value of its reporting units and compares it to the carrying value. 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. Based upon the impairment assessments performed at November 30, 2024, the Company recorded an impairment charge of $0.7 million during 2024 related to the Argo Management reporting unit. The fair value of the Argo Management reporting unit was estimated using a discounted cash flow analysis that includes estimates of future cash flows expected to be generated by the business and recent market transactions related to the investments owned by Argo Holdings. The decline in fair value is primarily due to reduced estimated future cash flows as a result of fewer investments remaining in the Argo Holdings, which is an expected result as Argo Holdings’ investments continue to be acquired. No impairment charges were recorded against goodwill for the Company's other reporting units in 2024, as the estimated fair values of the Company's other reporting units exceeded their respective carrying values. No impairment charges were recorded against goodwill in 2023.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration