Understanding Impairment Charges: Impacts on Assets and Goodwill

Discover how impairment charges reduce asset value and affect goodwill, impacting earnings per share (EPS). Learn the causes ...
JournalofAccountancy

Costs often derail qualitative goodwill impairment assessment

Many companies are not making use of an optional, qualitative goodwill impairment test FASB recently introduced to enable less burdensome financial reporting, a new survey report shows. Just 29% of ...
The Business Journals

Why private equity needs global standards for goodwill impairment

Jeff Bartel, Chairman & Managing Director of Hamptons Group, LLC, an alternative investment & strategic advisory firm headquartered in Miami. To continue ...

Array Technologies Resets Goodwill While Expanding Credit And Testing Margins

Array Technologies (NasdaqGM:ARRY) recorded a significant goodwill impairment tied to prior acquisitions in its latest earnings release. The company also reported challenging quarterly results, with ...
Business Wire

Bakkt Announces Non-Cash Goodwill and Other Intangible Assets Impairment Charge

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) (the “Company” or “Bakkt”) announced that it completed its annual impairment testing of goodwill and other intangible assets as ...
Seeking Alpha

West Fraser Announces Goodwill Impairment and Provides 2026 Operational Outlook

VANCOUVER, BC, Jan. 8, 2026 /PRNewswire/ - West Fraser Timber Co. Ltd. (WFG) ("West Fraser" or the "Company") (TSX and NYSE: WFG) announced today that it will record an impairment of its Lumber ...
JournalofAccountancy

New guide helps navigate goodwill impairment testing challenges

Goodwill impairment testing has been a challenging area for many financial statement preparers since the issuance in 2001 of FASB Accounting Standards Codification (ASC) Subtopic 350-20 (formerly FASB ...
JD Supra

SEC charges UPS with failure to take goodwill impairment charge require by GAAP

Last week, the SEC announced settled charges against United Parcel Service Inc. for failing to take an appropriate goodwill impairment charge for a poorly performing business unit, thus materially ...
JD Supra

5 Questions To Consider in the COVID-19 Environment Around Goodwill & Asset Impairment Testing

Global and domestic financial markets are continuing to experience volatility related to the spread of the coronavirus (COVID-19) pandemic worldwide. As businesses assess the impact of COVID-19 on ...
Investopedia

Understanding Goodwill in Accounting: Definition, Calculation, and Impairment

When a company purchases another, it often pays more than the net fair value of the target's assets and liabilities. This excess is recorded as goodwill, an intangible asset reflecting brand strength, ...
Seeking Alpha

West Fraser Announces Goodwill Impairment and Provides 2026 Operational Outlook

VANCOUVER, BC, Jan. 8, 2026 /CNW/ - West Fraser Timber Co. Ltd. (WFG) announced today that it will record an impairment of its Lumber segment goodwill in the fourth quarter of 2025 due to persistently ...