Many companies are not making use of an optional, qualitative goodwill impairment test FASB recently introduced to enable less burdensome financial reporting, a new survey report shows. Just 29% of ...

Darden Restaurants Inc. set itself apart in late 2008 by not doing something many of its competitors were forced to do—namely, taking goodwill impairment charges. The casual-dining company, based in ...

Learn about asset impairment, its impact on financial statements, and how it's recognized. Understand how impairment differs ...

VANCOUVER, BC, Jan. 8, 2026 /PRNewswire/ - West Fraser Timber Co. Ltd. (WFG) ("West Fraser" or the "Company") (TSX and NYSE: WFG) announced today that it will record an impairment of its Lumber ...

Last week, the SEC announced settled charges against United Parcel Service Inc. for failing to take an appropriate goodwill impairment charge for a poorly performing business unit, thus materially ...

April 14 (Reuters) – Used car retailer CarMax reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and shrinking margins from used vehicles. Shares of the Richmond, Virginia ...

Net loss increased to $3.81bn from $102m.

CarMax (NYSE:KMX) has added two new directors to its board following engagement with activist investor Starboard Value. Starboard Value is withdrawing its competing board nominations as part of this ...

Northwest Airlines reported a $4.14 billion first-quarter net loss yesterday owing to a noncash goodwill impairment charge of $3.93 billion necessitated after it "compared the carrying value of its ...

VANCOUVER, BC, Jan. 8, 2026 /CNW/ - West Fraser Timber Co. Ltd. (WFG) announced today that it will record an impairment of its Lumber segment goodwill in the fourth quarter of 2025 due to persistently ...