Company: PRSU
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040127
Chunk: 73

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 73
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 our most recent impairment analysis performed as of October 31, 2024, and subsequent to the long-lived asset impairment of our Las Vegas Flyover attraction asset group, we recorded a non-cash goodwill impairment charge of $14.0 million associated with our Flyover attractions reporting unit. We recorded an income tax benefit of $2.8 million related to this goodwill impairment charge. No impairment existed for our remaining reporting units with reported goodwill. The excess of the estimated fair value over the carrying value for our reporting units with reported goodwill (expressed as a percentage of the carrying value) under step one of the impairment test for the Banff Jasper Collection and the Alaska Collection was significant and Glacier Park Collection was 11%. We will continue to closely monitor actual results versus expectations as well as whether and to what extent any significant changes in current events or conditions result in corresponding changes to our expectations about future estimated cash flows and discount rates. If our adjusted expectations of the operating results of our reporting units do not materialize, or the discount rate increases (based on increases in interest rates, market rates of return or market volatility), it is possible that we may be required to record additional goodwill impairment charges in the future, which may be material.Our accumulated goodwill impairment was $20.2 million as of December 31, 2024 and $6.2 million as of December 31, 2023.Other Intangible AssetsOther intangible assets consisted of the following:

        December 31, 2024

        December 31, 2023

        (in thousands)
         
        Remaining Useful Life(Years)
         
        Gross CarryingValue

        AccumulatedAmortization

        Net Carrying Value

        Gross CarryingValue

        AccumulatedAmortization

        Net Carrying Value

        Intangible assets subject to amortization:

        Customer contracts and relationships
         
        9.4
         
        $
        5,475

        $
        (2,453
        )
         
        $
        3,022

        $
        7,401

        $
        (3,770
        )
         
        $
        3,631

        Operating contracts and licenses
         
        25.8

        52,697

        (5,505
        )

        47,192

        40,324

        (4,692
        )

        35,632

        In-place lease
         
        31.