XML 28 R15.htm IDEA: XBRL DOCUMENT v3.25.1

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2025

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, 2025						December 31, 2024
Executive Search
Americas						$	90,977					$	90,740
Europe						1,463						1,463
Total Executive Search						92,440						92,203
On-Demand Talent						106,485						105,136
Heidrick Consulting						7,246						7,246
Goodwill, gross						206,171						204,585
Accumulated impairment						(66,724)						(66,724)
Total goodwill						$	139,447					$	137,861

Changes in the carrying amount of goodwill by segment (for the segments that had recorded goodwill) for the three months ended March 31, 2025, are as follows:

			Executive Search												On-Demand Talent						Heidrick Consulting
			Americas						Europe																								Total
Goodwill			$	90,740					$	1,463											$	105,136					$	7,246					$	204,585
Accumulated impairment losses			—						(1,463)												(58,015)						(7,246)						(66,724)
Balance at December 31, 2024			90,740						—												47,121						—						137,861
Foreign currency translation			237						—												1,349						—						1,586
Goodwill			90,977						1,463												106,485						7,246						206,171
Accumulated impairment losses			—						(1,463)												(58,015)						(7,246)						(66,724)
Balance at March 31, 2025			$	90,977					$	—											$	48,470					$	—					$	139,447

Other Intangible Assets, net

The Company’s other intangible assets, net by segment, are as follows:

						March 31, 2025						December 31, 2024
Executive Search
Americas						$	4					$	5
Europe						29						37
Total Executive Search						33						42
On-Demand Talent						9,636						10,592
Heidrick Consulting						1,635						1,849
Total other intangible assets, net						$	11,304					$	12,483

The carrying amount of amortizable intangible assets and the related accumulated amortization are as follows:

			Weighted Average Life (Years)						March 31, 2025																		December 31, 2024
									Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Client relationships			10.7						$	25,970					$	(16,773)					$	9,197					$	25,188					$	(15,371)					$	9,817
Trade name			3.0						4,979						(4,374)						605						4,836						(4,039)						797
Software			3.0						8,517						(7,015)						1,502						8,285						(6,416)						1,869
Total intangible assets			9.2						$	39,466					$	(28,162)					$	11,304					$	38,309					$	(25,826)					$	12,483

Intangible asset amortization expense for the three months ended March 31, 2025, and 2024, was $1.7 million and $2.3 million, respectively.

The Company's estimated future amortization expense related to intangible assets as of March 31, 2025, for the following years ended December 31, is as follows:

2025			$	4,285
2026			2,500
2027			1,520
2028			890
2029			642
Thereafter			1,467
Total			$	11,304

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration