Devil's advocate position: Instead of depreciating goodwill over the normal 10-years, it is suggested to accelerate this due to the contraction in CO and admit a mistake...an overpayment for Star*Buds, Emerald Fields (specifically Manitou Springs --a sincere question mark for me today --my hindsight being admittedly myopic), and alike? Sure, it can be done, but what exactly will it achieve for book value other than write down/off prior asset costs and recognize the impairment now? Is the impairment that significant? It's important to understand we AREN'T talking about closing any of these...or hypothetically, are we? And hypothetically, yikes! Is there any current or future tax benefit or is this a metrics-wise let's feel bad too moment which most of the companies in the sector are having to recognize? Let's recall these deals were mostly immediately accretive when acquired.
My personal preference would be dealing with the notes as they are coming due in a timely fashion* (plain old debt reduction) and let depreciation take its course. If there is a benefit, I suppose we give the new guy his opportunity and if it makes sense, so be it.
* factually, such reduction will of course have a greater effect on derivatives, debt to equity, debt to a/ebita, and of course servicing costs which would allow for the opportunity to engage in any future larger deals which are hamstrung by current debt obligations and the what the lenders may otherwise view as added or unacceptable counterparty risk.
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