NOTE 7 GOODWILL

The following table summarizes the goodwill activity for the six months ended June 30, 2026:

During the six months ended June 30, 2026, the Company recorded goodwill of $0.7 million related to a small asset acquisition, that was accounted for as business combination.

As further discussed in Note 5, "Acquisitions and Disposal," during the six months ended June 30, 2026, the Company recorded measurement period adjustments, related to acquisition of Roundhouse, that decreased goodwill by $0.2 million.

At each of  June 30, 2026 and December 31, 2025, 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 six months ended June 30, 2026 and June 30, 2025.