Note 9 - Goodwill |
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| Intangible Asset and Goodwill [Text Block] |
9. Goodwill
As described in Note 7, "Segment Reporting," effective March 31, 2026, the Company reorganized its reportable segments into Residential and C&I. As a result, the composition of the Company's reporting units changed. The Company reassigned goodwill to the affected reporting units using a relative fair value allocation approach.
The Company concluded that the change in reporting unit composition represented a triggering event and performed an interim quantitative goodwill impairment test for the reporting units affected by the reorganization. The impairment test compared the carrying value of each affected reporting unit, including goodwill, with its estimated fair value. As a result of this test, the Company recorded $1,523 of goodwill impairment for one reporting unit within the Residential segment in the first quarter of 2026. For the remaining affected reporting units, the Company concluded that estimated fair value exceeded carrying value and no additional impairment was recognized.
The carrying value of goodwill by reportable segment is summarized below:
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