XML 54 R43.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Intangible Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Carrying Amount of Goodwill and Intangible Assets | The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands):
|  | December 31, 2020 |  |  | Adjustments |  |  | Write-off |  |  | June 30, 2021 |
Goodwill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 335,009 |  |  | $ | — |  |  | $ | — |  |  | $ | 335,009 |
Institutional Group |  |  | 846,989 |  |  |  | 315 |  |  |  | — |  |  |  | 847,304 |
|  | $ | 1,181,998 |  |  | $ | 315 |  |  | $ | — |  |  | $ | 1,182,313 |
|  | December 31, 2020 |  |  | Adjustments |  |  | Amortization |  |  | June 30, 2021 |
Intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 44,671 |  |  | $ | — |  |  | $ | (2,823 | ) |  | $ | 41,848 |
Institutional Group |  |  | 96,313 |  |  |  | 280 |  |  |  | (5,936 | ) |  |  | 90,657 |
|  | $ | 140,984 |  |  | $ | 280 |  |  | $ | (8,759 | ) |  | $ | 132,505 |
Intangible Assets | Intangible assets as of June 30, 2021 and December 31, 2020 were as follows (in thousands):
|  | June 30, 2021 |  |  | December 31, 2020 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Gross Carrying Value |  |  | Accumulated Amortization |
Customer relationships |  | $ | 202,683 |  |  | $ | 90,990 |  |  | $ | 202,342 |  |  | $ | 85,152 |
Trade names |  |  | 28,659 |  |  |  | 16,535 |  |  |  | 28,659 |  |  |  | 15,660 |
Non-compete agreements |  |  | 9,240 |  |  |  | 4,944 |  |  |  | 9,240 |  |  |  | 4,229 |
Core deposits |  |  | 8,615 |  |  |  | 5,588 |  |  |  | 8,615 |  |  |  | 4,809 |
Investment banking backlog |  |  | 4,245 |  |  |  | 3,207 |  |  |  | 4,245 |  |  |  | 2,734 |
Acquired technology |  |  | 840 |  |  |  | 513 |  |  |  | 840 |  |  |  | 373 |
|  | $ | 254,282 |  |  | $ | 121,777 |  |  | $ | 253,941 |  |  | $ | 112,957 |
Amortization Expense in Future Periods | As of June 30, 2021, we expect amortization expense in future periods to be as follows (in thousands):
Fiscal year |  |  |  |
Remainder of 2021 |  | $ | 8,852 |
2022 |  |  | 16,454 |
2023 |  |  | 14,601 |
2024 |  |  | 13,888 |
2025 |  |  | 12,093 |
Thereafter |  |  | 64,499 |
|  | $ | 130,387 |

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 Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration