Burnham professionals were engaged to test the company's goodwill for impairment under new FASB rules. The company had three "reporting units", under the FASB definition, each engaged in business in a different industry. For each of these reporting units, we performed a comparables analysis and a discounted free cash flows analysis, to arrive at a "fair value". Fair value was compared to "carrying value" for each of the reporting units to determine impairment. Burnham found no impairment in any of the three reporting units, and the company was not required to take an impairment charge.
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