NOTE 7 GOODWILL

The following table summarizes the goodwill activity for the nine months ended September 30, 2026:

As further discussed in Note 5, "Acquisitions and Disposal," during the third quarter of 2026, the Company recorded goodwill of $1.1 million related to the acquisition of RCC. The goodwill related to this acquisition is provisional and subject to adjustment during the measurement period.  The Company expects to complete its purchase price allocation within the next nine months.  The estimates, allocations and calculations recorded at September 30, 2026 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.  Additionally, during the nine months ended September 30, 2026, the Company recorded goodwill of $0.7 million related to a small asset acquisition, that was accounted for as a business combination.

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 goodwill impairment charge, or both.  No goodwill impairment charges were recorded during the three and nine months ended September 30, 2026 and September 30, 2025.