Company: PRSU
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040127
Chunk: 161

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 161
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        6,817

        $
        4,586

      NOTE 10. GOODWILL AND OTHER INTANGIBLE ASSETS, NET
     
    GoodwillThe changes in the carrying value of goodwill are as follows:

        (in thousands)

        Balance at December 31, 2022
         
        $
        121,429

        Foreign currency translation adjustments

        2,436

        Other(1)

        41

        Balance at December 31, 2023

        123,906

        Goodwill impairment

        (14,003
        )

        Foreign currency translation adjustments

        (7,347
        )

        Acquisition of Jasper SkyTram

        765

        Balance at December 31, 2024
         
        $
        103,321

       (1)Represents a purchase accounting measurement period adjustment related to the Glacier Raft Company acquisition.The following table summarizes the remaining goodwill by reporting unit:

        December 31,

        (in thousands)
         
        2024

        2023

        Pursuit:

        Banff Jasper Collection
         
        $
        59,546

        $
        63,829

        Alaska Collection

        3,184

        3,184

        Glacier Park Collection

        16,828

        16,828

        Flyover Attractions

        23,763

        40,065

        Total Goodwill
         
        $
        103,321

        $
        123,906

      Goodwill is tested for impairment at the reporting unit level on an annual basis as of October 31, and between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value. We 

49

PURSUIT ATTRACTIONS AND HOSPITALITY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

use a discounted expected future cash flow methodology (income approach) to estimate the fair value of our reporting units for purposes of goodwill impairment testing. As a result of 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