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Goodwill
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

Note 5 — Goodwill

 

The Company has recorded goodwill and other indefinite-lived assets in connection with its acquisitions. Goodwill, which represents the excess of acquisition cost over the fair value of the net tangible and intangible assets of the acquired company, is not amortized. Indefinite-lived intangible assets are stated at fair value as of the date acquired in a business combination. The Company’s goodwill balance and other assets with indefinite lives were evaluated for potential impairment during the third quarter of September 30, 2017, as certain indications on a qualitative and quantitative basis were identified, that an impairment existed as of the reporting date.

 

During the year ended December 31, 2017, the Company recognized a $7.8 million impairment charge. The impairment charge was primarily precipitated by the continued decline in Parent’s stock price during the year ended December 31, 2017, accumulated losses and the lack of required working capital to fund our operations.