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GOODWILL
 3 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL

 

11.GOODWILL

 

Goodwill represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired in a business combination and is recorded in accordance with ASC 350.

 

The Company evaluates goodwill for impairment at the reporting unit level at least annually, and more frequently if events or changes in circumstances indicate that goodwill may be impaired. The annual impairment assessment is performed as of the fourth quarter of each fiscal year.

 

In performing its impairment assessment, the Company first evaluates qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the qualitative assessment indicates that it is more likely than not that impairment exists, the Company performs a quantitative impairment test. The fair value of each reporting unit is determined primarily using the income approach, which incorporates discounted cash flow analyses, with the market approach used as a corroborative reference.

 

No impairment was recorded for the three months ended March 31, 2026. The accumulated impairment loss of $723 thousand relates to charges recognized in prior periods.

 

The following table presents goodwill by reporting unit (in thousands):

 

  

North American

Brokerage

   One Real Title   One Real Mortgage   Total 
Balance at March 31, 2026  $602   $7,670   $721   $8,993 
                     
Accumulated Impairment Loss at March 31, 2026  $—   $723   $—   $723