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Business Changes and Developments
12 Months Ended
Dec. 31, 2024
Business Combinations [Abstract]  
Business Changes and Developments Business Changes and Developments
Goodwill and Intangible Assets

Goodwill associated with the Company's acquisitions is as follows:

Investment
Banking & Equities
Investment
Management
Total
Balance at December 31, 2022(1)
$115,758 $7,527 $123,285 
Foreign Currency Translation and Other2,208 — 2,208 
Balance at December 31, 2023(1)
117,966 7,527 125,493 
Foreign Currency Translation and Other(1,041)— (1,041)
Balance at December 31, 2024(1)
$116,925 $7,527 $124,452 
(1)The amount of the Company's goodwill before accumulated impairment losses of $38,528 was $162,980, $164,021 and $161,813 at December 31, 2024, 2023 and 2022, respectively.
Expense associated with the amortization of intangible assets was $336 for the year ended December 31, 2022. The Company's intangible assets were fully amortized as of December 31, 2022.
Impairments of Goodwill
At November 30, 2024 and 2023, in accordance with ASC 350, "Intangibles - Goodwill and Other", the Company performed its annual goodwill impairment assessment and concluded that the fair value of its reporting units substantially exceeded their carrying values.