XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.25.3

Note 7 - Goodwill | 9 Months Ended
--- | ---
Sep. 30, 2025
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 7 GOODWILL The following table summarizes the goodwill activity for the nine months ended September 30, 2025:
(in thousands) |  | Extended Warranty |  |  | Kingsway Search Xcelerator |  |  | Total |
Balance, December 31, 2024 |  | $ | 31,153 |  |  | $ | 25,371 |  |  | $ | 56,524 |
Acquisitions |  |  | — |  |  |  | 13,245 |  |  |  | 13,245 |
Measurement period adjustments |  |  | — |  |  |  | (225 | ) |  |  | (225 | )
Balance, September 30, 2025 |  | $ | 31,153 |  |  | $ | 38,391 |  |  | $ | 69,544 |
As further discussed in Note 5, "Acquisitions and Discontinued Operations," during the nine months ended September 30, 2025, the Company recorded goodwill of $10.6 million related to the acquisitions of Bud's Plumbing ($1.0 million), Roundhouse ($9.1 million), Advanced Plumbing ($0.6 million) and Southside Plumbing ($2.6 million). The goodwill related to the Roundhouse, Advanced Plumbing and Southside Plumbing acquisitions 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 September 30, 2025 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 and Discontinued Operations," during the nine months ended September 30, 2025, the Company recorded measurement period adjustments, related to acquisition of Image Solutions, that decreased goodwill by $0.2 million. At each of September 30, 2025 and December 31, 2024, accumulated goodwill impairment losses were $0.7 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. 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. No goodwill impairment charges were recorded during the three and nine months ended September 30, 2025 and September 30, 2024.

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