Toro Company TTC Professional — Impairment of intangible assets, indefinite-lived (excluding goodwill)

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Questions, answered.

What is Toro Company's professional — impairment of intangible assets, indefinite-lived (excluding goodwill)?

Toro Company (TTC) reported professional — impairment of intangible assets, indefinite-lived (excluding goodwill) of $18M in Q2 2023.

What does professional — impairment of intangible assets, indefinite-lived (excluding goodwill) mean?

The cost recorded when the value of intangible assets like brands or trademarks is reduced.

How do you interpret professional — impairment of intangible assets, indefinite-lived (excluding goodwill)?

An increase signals a decline in brand strength or market relevance for the segment's products.

How does professional — impairment of intangible assets, indefinite-lived (excluding goodwill) compare across companies?

Similar to impairment charges for other intangible assets reported by companies with significant brand portfolios.