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Goodwill | 3 Months Ended
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Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill |
7. | Goodwill
We test each of our reporting units for goodwill impairment annually at October 1st, or upon a triggering event, in accordance with ASC Topic 350, “Intangibles – Goodwill and Other.” As a result of the COVID‑19 pandemic during the first quarter of 2020, we assessed at a reporting unit level whether any triggering events had occurred during the period that would require us to perform a quantitative impairment analysis of goodwill. As a result of this evaluation, we determined that there was a triggering event in our global investment management reporting unit (which falls within our Real Estate Investments segment) that required a quantitative test to be performed. In connection with this quantitative evaluation, we determined that this reporting unit’s goodwill was impaired and recorded a $25.0 million non-cash impairment charge during the three months ended March 31, 2020 (see Note 6 for additional information). No triggering events were identified in our other reporting units as of March 31, 2020. The following table summarizes our change in carrying amount of goodwill for the three months ended March 31, 2020 (dollars in thousands):
|  | Advisory Services |  |  | Global Workplace Solutions |  |  | Real Estate Investments |  |  | Consolidated |
Balance as of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 3,302,218 |  |  | $ | 899,506 |  |  | $ | 620,275 |  |  | $ | 4,821,999 |
Accumulated impairment losses |  |  | (761,448 | ) |  |  | (175,473 | ) |  |  | (131,585 | ) |  |  | (1,068,506 | )
|  |  | 2,540,770 |  |  |  | 724,033 |  |  |  | 488,690 |  |  |  | 3,753,493 |
Impairment loss |  |  | — |  |  |  | — |  |  |  | (25,000 | ) |  |  | (25,000 | )
Purchase accounting entries related to acquisitions |  |  | 16,276 |  |  |  | 11,483 |  |  |  | (9,084 | ) |  |  | 18,675 |
Foreign exchange movement |  |  | (26,937 | ) |  |  | (35,769 | ) |  |  | (10,704 | ) |  |  | (73,410 | )
Balance as of March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 3,291,557 |  |  |  | 875,220 |  |  |  | 600,487 |  |  |  | 4,767,264 |
Accumulated impairment losses |  |  | (761,448 | ) |  |  | (175,473 | ) |  |  | (156,585 | ) |  |  | (1,093,506 | )
|  | $ | 2,530,109 |  |  | $ | 699,747 |  |  | $ | 443,902 |  |  | $ | 3,673,758 |

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- Definition The entire disclosure for goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
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