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  "documentTitle": "PowerSchool Holdings, Inc. (PWSC)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "Why are undiscounted expected cash flows vs. discounted?",
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      "text": "We believe the new method may allow the Company to delay a major impairment.",
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      "text": "The Company also changed the recoverability process for long-lived and intangible assets with its 2023 10-K. The Company now uses undiscounted cash flows at the asset group level to determine whether an impairment of intangible assets has occurred. We believe the new method may allow the Company to delay a major impairment.",
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      "text": "Source: PowerSchool FY22 and FY23 10-K",
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