Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1648

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 1648
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 income/(loss)  $19,618  $17,858  $(100,481)
 Net income/(loss) attributable to the investee  $19,603  $17,843  $(100,495)

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   13. GOODWILL 
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   Goodwill is comprised of the following.
    
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    GOODWILL 
 (Dollars in Thousands) 

       December 31, 2024    December 31, 2023  
 AFN  $109  $109 
 Goodwill  $109  $109 

   The annual impairment testing date for AFN goodwill is  October 1. The first testing date following the AFN Merger was  October 1, 2010. The Company determined the goodwill was not impaired as of 2024, 2023, and 2022. The Company concluded there was no triggering event for the goodwill related to AFN.

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   14. LEASES 
    
   As of  December 31, 2024, all of the leases to which the Company was a party were operating leases.  The weighted average remaining term of the leases was 9.4 years.  The weighted average discount rate for the leases was 5.95%. Maturities of operating lease liability payments consisted of the following.
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    FUTURE MATURITY OF LEASE LIABILITIES 
 (Dollars in Thousands) 

       December 31, 2024  
 2025  $2,051 
 2026   2,437 
 2027   2,458 
 2028   2,471 
 2029   2,400 
 Thereafter   10,274 
 Total   22,091 
 Less imputed interest   (5,516)
 Lease obligation  $16,575 

   During the twelve months ended  December 31, 2024 and 2023, total cash payments of $1,948 and $2,700, respectively, were recorded as a reduction in the operating lease obligation.  No cash payments were made to acquire right of use assets.
    
   In  December 2023, the Company executed a second