Note 12 - Goodwill

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Goodwill Disclosure [Text Block]

Note 12.  Goodwill

Changes to the carrying amount of Goodwill are as follows (in thousands):

Balance at December 31, 2019	$	8,347
2020 Goodwill impairment		(800	)
Balance as of December 31, 2020		7,547
Balance as of December 31, 2021	$	7,547

In 2020, the Company determined there were triggering events, primarily caused by a sustained decrease in the Company’s stock price. The results of the goodwill impairment tests indicated that the carrying values exceeded the estimated fair values. Thus, during 2020, the Company recorded impairment charges of $0.8 million related to its goodwill. No asset impairment charges were incurred during 2021. Further declines in the Company’s stock price could result in additional goodwill impairment charges.