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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The balance of goodwill, net and intangible assets, net is as follows (in thousands):
September 30,
2026		December 31,
2025
Goodwill$903,227 $903,227 
Accumulated impairment losses(620,511)(521,688)
Net goodwill$282,716 $381,539 
Intangible assets with indefinite lives$10,142 $10,142 
Intangible assets with definite lives, net24,116 27,950 
Total intangible assets, net$34,258 $38,092 
Goodwill and Indefinite-Lived Intangible Assets
The Company's goodwill at September 30, 2026 consisted of $36.0 million (net of accumulated impairment losses of $23.3 million) associated with the Home segment, $90.6 million (net of accumulated impairment losses of $75.5 million) associated with the Consumer segment, and $156.1 million (net of accumulated impairment losses of $38.6 million) associated with the Insurance segment. The Company's goodwill at December 31, 2025 consisted of $59.3 million associated with the Home segment, $166.1 million associated with the Consumer segment, and $156.1 million (net of accumulated impairment losses of $38.6 million) associated with the Insurance segment.
During the third quarter of 2026, the Company’s market capitalization declined significantly compared to the second quarter of 2026. The closing stock price on September 30, 2026 was $24.43, reflecting a market capitalization which approximated the Company's book value. In September 2026 there was a shift in the Federal Reserve stance on interest rates as they increased the federal funds rate by 25 basis points and signaled the potential for additional increases which, with other continuing geopolitical events could continue to pressure demand for new borrowing in the Consumer reporting unit. Additionally, mortgage rates increased in the third quarter of 2026 and remain significantly higher than the low rates seen in 2021. The 10-year treasury rate (benchmark mortgage rates) increased in the third quarter to the highest rate in decades.
Based on these factors, it was concluded that a triggering event had occurred for the Home and Consumer reporting units, and an interim quantitative impairment test was performed as of September 30, 2026. Upon completing the quantitative goodwill impairment test, the Company concluded that the carrying values of the Home and Consumer reporting units exceeded their respective fair values, which resulted in a goodwill impairment charge of $23.3 million on the Home reporting unit and $75.5 million on the Consumer reporting unit. The fair values of each reporting unit were determined using a combination of the income approach and the market approach valuation methodologies.
The Company will continue to monitor the recovery of the Home and Consumer reporting units. Changes in the timing of the recovery compared to current expectations could cause further impairment to the Home or Consumer reporting units.
Intangible assets with indefinite lives relate to the Company's trademarks.
Intangible Assets with Definite Lives
Intangible assets with definite lives relate to the following (in thousands):
CostAccumulated
Amortization		Net
Customer lists$68,000 $(43,884)$24,116 
Balance at September 30, 2026$68,000 $(43,884)$24,116 
CostAccumulated
Amortization		Net
Customer lists$69,100 $(41,150)$27,950 
Balance at December 31, 2025$69,100 $(41,150)$27,950 
Amortization of intangible assets with definite lives is computed on a straight-line basis and, based on balances as of September 30, 2026, future amortization is estimated to be as follows (in thousands):
Amortization Expense
Remainder of current year$1,258 
Year ending December 31, 20274,948 
Year ending December 31, 20284,539 
Year ending December 31, 20292,767 
Year ending December 31, 20302,767 
Thereafter7,837 
Total intangible assets with definite lives, net$24,116