Acquisitions, Goodwill and Indefinite-Lived Intangible Assets

9 Months Ended

Sep. 30, 2021

Acquisitions, Goodwill and Indefinite-Lived Intangible Assets [Abstract]

Acquisitions, Goodwill and Indefinite-Lived Intangible Assets

4. Acquisitions, Goodwill and Indefinite-Lived Intangible Assets

In connection with its normal process for evaluating impairment triggering events, the Company determined that a significant decline in its market capitalization below its stockholders’ equity during the first quarter of 2020 indicated the impairment of the goodwill and indefinite-lived intangible assets included in its balance sheet.  As a result, the Company took a $44.7 million charge to goodwill and a $1.3 million charge to indefinite-lived intangible assets during the first quarter of 2020. As of September 30, 2021, there was no goodwill or indefinite-lived intangible assets reported on our consolidated balance sheet.