Watts Water Technologies, Inc. WTS EMEA Reporting Unit — Goodwill Impairment
Discontinued — last reported Q4 '15
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Where this comes from
Reported directly by Watts Water Technologies, Inc. in its filing.
Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.
The official record: Watts Water Technologies, Inc.’s 10-Q, filed November 8, 2016, on SEC EDGAR. View the filing →
Questions, answered.
- What does EMEA reporting unit — goodwill impairment mean?
- The amount of value written off from previously acquired businesses in the EMEA region due to a decline in their expected future performance.
- How do you interpret EMEA reporting unit — goodwill impairment?
- An increase indicates that the company has determined the assets in the EMEA segment are worth less than their recorded book value, signaling potential overpayment for past acquisitions or deteriorating regional market conditions. A decrease or zero value suggests that the carrying value of the segment's goodwill remains supported by its projected cash flows.
- How does EMEA reporting unit — goodwill impairment compare across companies?
- Peers in the industrial and water technology sectors report similar impairment charges under GAAP/IFRS when regional business units fail to meet long-term growth or profitability expectations.