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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Segment | The Company's goodwill by segment (for the segments that had recorded goodwill) is as follows:
|  | September 30, 2024 |  | December 31, 2023
Executive Search |  |  |  |
Americas |  | $ | 91,323 |  |  | $ | 91,740 |
Europe |  | 1,463 |  |  | 1,494 |
Total Executive Search |  | 92,786 |  |  | 93,234 |
On-Demand Talent |  | 108,838 |  |  | 109,018 |
Heidrick Consulting |  | 7,246 |  |  | 7,246 |
Goodwill, gross |  | 208,870 |  |  | 209,498 |
Accumulated impairment |  | (23,470) |  |  | (7,246) |
Total goodwill |  | $ | 185,400 |  |  | $ | 202,252 |
Schedule of Changes in Carrying Amount of Goodwill by Segment | Changes in the carrying amount of goodwill by segment (for the segments that had recorded goodwill) for the nine months ended September 30, 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 |
Impairment | — |  |  | (1,463) |  |  |  |  | (14,761) |  |  | — |  |  | (16,224) |
Foreign currency translation | (417) |  |  | (31) |  |  |  |  | (180) |  |  | — |  |  | (628) |
Goodwill | 91,323 |  |  | 1,463 |  |  |  |  | 108,838 |  |  | 7,246 |  |  | 208,870 |
Accumulated impairment losses | — |  |  | (1,463) |  |  |  |  | (14,761) |  |  | (7,246) |  |  | (23,470) |
Balance at September 30, 2024 | $ | 91,323 |  |  | $ | — |  |  |  |  | $ | 94,077 |  |  | $ | — |  |  | $ | 185,400 |
Schedule of Indefinite-Lived Intangible Assets | The Company’s other intangible assets, net by segment, are as follows:
|  | September 30, 2024 |  | December 31, 2023
Executive Search |  |  |  |
Americas |  | $ | 7 |  |  | $ | 22 |
Europe |  | 54 |  |  | 95 |
Total Executive Search |  | 61 |  |  | 117 |
On-Demand Talent |  | 12,789 |  |  | 17,689 |
Heidrick Consulting |  | 2,260 |  |  | 3,036 |
Total other intangible assets, net |  | $ | 15,110 |  |  | $ | 20,842 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | The carrying amount of amortizable intangible assets and the related accumulated amortization are as follows:
| Weighted Average Life (Years) |  | September 30, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Client relationships | 10.3 |  | $ | 26,637 |  |  | $ | (15,153) |  |  | $ | 11,484 |  |  | $ | 26,195 |  |  | $ | (11,443) |  |  | $ | 14,752 |
Trade name | 3.0 |  | 5,083 |  |  | (3,932) |  |  | 1,151 |  |  | 5,067 |  |  | (3,069) |  |  | 1,998 |
Software | 3.0 |  | 8,678 |  |  | (6,203) |  |  | 2,475 |  |  | 8,629 |  |  | (4,537) |  |  | 4,092 |
Total intangible assets | 8.6 |  | $ | 40,398 |  |  | $ | (25,288) |  |  | $ | 15,110 |  |  | $ | 39,891 |  |  | $ | (19,049) |  |  | $ | 20,842 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The Company's estimated future amortization expense related to intangible assets as of September 30, 2024, for the following years ended December 31, is as follows:
2024 | $ | 1,877 |
2025 | 6,051 |
2026 | 2,561 |
2027 | 1,555 |
2028 | 909 |
Thereafter | 2,157 |
Total | $ | 15,110 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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