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  "documentTitle": "PowerSchool Holdings, Inc. (PWSC)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2024-04-17 00:00:00",
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      "text": "After receiving questions from the SEC on its goodwill impairment procedures, the Company decided to change its methodology altogether. The previous procedure consisted of first conducting a qualitative and then a quantitative assessment... The updated procedure allows management to bypass the qualitative approach altogether. It also changed how management conducts the quantitative test... Despite management now using PWSC's share price as a barometer... they've also given themselves the leeway to determine whether a decline in stock price is significant enough to trigger an impairment.",
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      "text": "In our view, this is a major red flag, and a sign that the company may be delaying a major goodwill impairment.",
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      "text": "Goodwill is the excess of the purchase price in a business combination over the fair value of identifiable net assets acquired...",
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      "text": "In Response To The SEC's Questions, PWSC Changed Its Goodwill Impairment Procedure",
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