Note 16 - Goodwill

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Goodwill Disclosure [Text Block]

16. Goodwill

As of December 31, 2021, the Company recognized $4.5 million in goodwill as the result of the acquisition of 50% of TAV on September 1, 2021.  The fair value of goodwill as of the date of acquisition, a Level 3 input, was principally based on values obtained from public and private market comps. In accordance with ASC 350, management determined that no events or changes in circumstances occurred during the year ended December 31, 2021 that would indicate the carrying amounts may not be recoverable, and therefore determined that there were no goodwill impairments.

A summary of changes in Goodwill is as follows (in thousands):

	Title Insurance		Real Estate Related		Corporate and Other		Total
Balance, December 31, 2020	$	-	$	-	$	-	$	-
Goodwill associated with acquisitions		4,451		-		-		4,451
Balance, December 31, 2021	$	4,451	$	-	$	-	$	4,451

For discussion of the Company’s acquisitions, see Note 2 Business Combinations.