| Goodwill and Other Intangible Assets |
Note 7 — Goodwill and Other Intangible Assets The components of goodwill are outlined below for the six months ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HWC |
|
|
R&B |
|
|
Total |
|
Balance at December 31, 2025: |
|
|
|
|
|
|
|
|
|
Goodwill, gross |
|
$ |
7,317 |
|
|
$ |
2,894 |
|
|
$ |
10,211 |
|
Accumulated impairment losses |
|
|
(911 |
) |
|
|
(362 |
) |
|
|
(1,273 |
) |
Goodwill, net - December 31, 2025 |
|
|
6,406 |
|
|
|
2,532 |
|
|
|
8,938 |
|
Goodwill acquired |
|
|
474 |
|
|
|
346 |
|
|
|
820 |
|
Foreign exchange |
|
|
(10 |
) |
|
|
(13 |
) |
|
|
(23 |
) |
Balance at June 30, 2026: |
|
|
|
|
|
|
|
|
|
Goodwill, gross |
|
|
7,781 |
|
|
|
3,227 |
|
|
|
11,008 |
|
Accumulated impairment losses |
|
|
(911 |
) |
|
|
(362 |
) |
|
|
(1,273 |
) |
Goodwill, net - June 30, 2026 |
|
$ |
6,870 |
|
|
$ |
2,865 |
|
|
$ |
9,735 |
|
Other Intangible Assets The following table reflects changes in the net carrying amounts of the components of finite-lived intangible assets for the six months ended June 30, 2026:
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|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
Client relationships |
|
|
Software |
|
|
Trademark and trade name |
|
|
Other |
|
|
Total |
|
Balance at December 31, 2025: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets, gross |
|
$ |
3,239 |
|
|
$ |
750 |
|
|
$ |
1,041 |
|
|
$ |
29 |
|
|
$ |
5,059 |
|
Accumulated amortization |
|
|
(2,710 |
) |
|
|
(749 |
) |
|
|
(430 |
) |
|
|
(29 |
) |
|
|
(3,918 |
) |
Intangible assets, net - December 31, 2025 |
|
|
529 |
|
|
|
1 |
|
|
|
611 |
|
|
|
— |
|
|
|
1,141 |
|
Intangible assets acquired |
|
|
271 |
|
|
|
104 |
|
|
|
4 |
|
|
|
30 |
|
|
|
409 |
|
Amortization |
|
|
(77 |
) |
|
|
(5 |
) |
|
|
(21 |
) |
|
|
— |
|
|
|
(103 |
) |
Foreign exchange |
|
|
(2 |
) |
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
(3 |
) |
Balance at June 30, 2026: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets, gross |
|
|
3,487 |
|
|
|
849 |
|
|
|
1,045 |
|
|
|
59 |
|
|
|
5,440 |
|
Accumulated amortization |
|
|
(2,766 |
) |
|
|
(750 |
) |
|
|
(451 |
) |
|
|
(29 |
) |
|
|
(3,996 |
) |
Intangible assets, net - June 30, 2026 |
|
$ |
721 |
|
|
$ |
99 |
|
|
$ |
594 |
|
|
$ |
30 |
|
|
$ |
1,444 |
|
The weighted-average remaining life of amortizable intangible assets at June 30, 2026 was 10.8 years. The table below reflects the future estimated amortization expense for amortizable intangible assets for the remainder of 2026 and for subsequent years:
|
|
|
|
|
|
|
Amortization |
|
Remainder of 2026 |
|
$ |
105 |
|
2027 |
|
|
198 |
|
2028 |
|
|
182 |
|
2029 |
|
|
160 |
|
2030 |
|
|
143 |
|
Thereafter |
|
|
656 |
|
Total |
|
$ |
1,444 |
|
|