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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill The Company's goodwill by segment (for the segments that had recorded goodwill) is as follows:
|  | March 31, 2024 |  | December 31, 2023
Executive Search |  |  |  |
Americas |  | $ | 91,547 |  |  | $ | 91,740 |
Europe |  | 1,460 |  |  | 1,494 |
Total Executive Search |  | 93,007 |  |  | 93,234 |
On-Demand Talent |  | 107,082 |  |  | 109,018 |
Heidrick Consulting |  | 7,246 |  |  | 7,246 |
Goodwill, gross |  | 207,335 |  |  | 209,498 |
Accumulated impairment |  | (7,246) |  |  | (7,246) |
Total goodwill |  | $ | 200,089 |  |  | $ | 202,252 |
Changes in the carrying amount of goodwill by segment (for the segments that had recorded goodwill) for the three months ended March 31, 2024, are as follows:
| Executive Search |  | On-Demand Talent |  | Heidrick Consulting |  |
| Americas |  | Europe |  |  |  |  |  | Total
Goodwill | $ | 91,740 |  |  | $ | 1,494 |  |  |  |  | $ | 109,018 |  |  | $ | 7,246 |  |  | $ | 209,498 |
Accumulated impairment losses | — |  |  | — |  |  |  |  | — |  |  | (7,246) |  |  | (7,246) |
Balance at December 31, 2023 | 91,740 |  |  | 1,494 |  |  |  |  | 109,018 |  |  | — |  |  | 202,252 |
Foreign currency translation | (193) |  |  | (34) |  |  |  |  | (1,936) |  |  | — |  |  | (2,163) |
Goodwill | 91,547 |  |  | 1,460 |  |  |  |  | 107,082 |  |  | 7,246 |  |  | 207,335 |
Accumulated impairment losses | — |  |  | — |  |  |  |  | — |  |  | (7,246) |  |  | (7,246) |
Balance at March 31, 2024 | $ | 91,547 |  |  | $ | 1,460 |  |  |  |  | $ | 107,082 |  |  | $ | — |  |  | $ | 200,089 |
Other Intangible Assets, net The Company’s other intangible assets, net by segment, are as follows:
|  | March 31, 2024 |  | December 31, 2023
Executive Search |  |  |  |
Americas |  | $ | 17 |  |  | $ | 22 |
Europe |  | 79 |  |  | 95 |
Total Executive Search |  | 96 |  |  | 117 |
On-Demand Talent |  | 15,541 |  |  | 17,689 |
Heidrick Consulting |  | 2,668 |  |  | 3,036 |
Total other intangible assets, net |  | $ | 18,305 |  |  | $ | 20,842 |
The carrying amount of amortizable intangible assets and the related accumulated amortization are as follows:
| Weighted Average Life (Years) |  | March 31, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Client relationships | 10.1 |  | $ | 25,819 |  |  | $ | (12,489) |  |  | $ | 13,330 |  |  | $ | 26,195 |  |  | $ | (11,443) |  |  | $ | 14,752 |
Trade name | 3.0 |  | 4,996 |  |  | (3,317) |  |  | 1,679 |  |  | 5,067 |  |  | (3,069) |  |  | 1,998 |
Software | 3.0 |  | 8,504 |  |  | (5,208) |  |  | 3,296 |  |  | 8,629 |  |  | (4,537) |  |  | 4,092 |
Total intangible assets | 8.2 |  | $ | 39,319 |  |  | $ | (21,014) |  |  | $ | 18,305 |  |  | $ | 39,891 |  |  | $ | (19,049) |  |  | $ | 20,842 |
Intangible asset amortization expense for the three months ended March 31, 2024, and 2023, was $2.3 million and $1.9 million, respectively. The Company's estimated future amortization expense related to intangible assets as of March 31, 2024, for the following years ended December 31, is as follows:
2024 | $ | 5,458 |
2025 | 5,863 |
2026 | 2,486 |
2027 | 1,512 |
2028 | 885 |
Thereafter | 2,101 |
Total | $ | 18,305 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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