Quarterly report pursuant to Section 13 or 15(d)

Goodwill

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Goodwill
6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

Note 9 — Goodwill

 

For the six months ended June 30, 2021, there was no change in the carrying amount of goodwill.

 

The Company utilized the simplified test for goodwill impairment. The amount recognized for impairment is equal to the difference between the carrying value and the asset’s fair value. The valuation methods used in the quantitative fair value assessment was a discounted cash flow method and required management to make certain assumptions and estimates regarding certain industry trends and future profitability of our reporting units.