Legal and Regulatory Proceedings

3 Months Ended

Mar. 31, 2022

Legal Regulatory Proceedings [Abstract]

Legal and Regulatory Proceedings

Note 13: Legal and Regulatory Proceedings

General Litigation

The Company establishes reserves for litigation-related matters that arise in the ordinary course of business activities when it is

probable that a loss associated with a claim or proceeding has been incurred and the amount of the loss can be reasonably estimated. If

the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot

be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and

material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which

case the nature of the guarantee would be disclosed.

The Company is in preliminary settlement negotiations in connection with a former employee’s departure. At this time, a range of

loss is not estimatable. The Company currently expects that a portion of any settlement will be paid by the Company’s insurance

carriers. 

The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of

management the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the

consolidated financial position, results of operations and cash flows of the Company.