XML 53 R43.htm IDEA: XBRL DOCUMENT
v3.22.2

Goodwill and Intangible Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
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, 2021 |  |  | Adjustments |  |  | Write-off |  |  | June 30, 2022 |
Goodwill |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 335,009 |  |  | $ | — |  |  | $ | — |  |  | $ | 335,009 |
Institutional Group |  |  | 971,883 |  |  |  | 2,400 |  |  |  | — |  |  |  | 974,283 |
|  | $ | 1,306,892 |  |  | $ | 2,400 |  |  | $ | — |  |  | $ | 1,309,292 |
|  | December 31, 2021 |  |  | Adjustments |  |  | Amortization |  |  | June 30, 2022 |
Intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 38,884 |  |  | $ | — |  |  | $ | (2,763 | ) |  | $ | 36,121 |
Institutional Group |  |  | 109,273 |  |  |  | (2,713 | ) |  |  | (7,815 | ) |  |  | 98,745 |
|  | $ | 148,157 |  |  | $ | (2,713 | ) |  | $ | (10,578 | ) |  | $ | 134,866 |
Intangible Assets | Intangible assets as of June 30, 2022 and December 31, 2021 were as follows (in thousands):
|  | June 30, 2022 |  |  | December 31, 2021 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Gross Carrying Value |  |  | Accumulated Amortization |
Customer relationships |  | $ | 222,163 |  |  | $ | 103,196 |  |  | $ | 225,900 |  |  | $ | 97,054 |
Trade names |  |  | 30,359 |  |  |  | 19,404 |  |  |  | 30,359 |  |  |  | 17,694 |
Non-compete agreements |  |  | 9,240 |  |  |  | 6,372 |  |  |  | 9,240 |  |  |  | 5,684 |
Core deposits |  |  | 8,615 |  |  |  | 6,878 |  |  |  | 8,615 |  |  |  | 6,277 |
Investment banking backlog |  |  | 4,245 |  |  |  | 3,953 |  |  |  | 4,245 |  |  |  | 3,680 |
Acquired technology |  |  | 840 |  |  |  | 793 |  |  |  | 840 |  |  |  | 653 |
|  | $ | 275,462 |  |  | $ | 140,596 |  |  | $ | 279,199 |  |  | $ | 131,042 |
Amortization Expense in Future Periods | As of June 30, 2022, we expect amortization expense in future periods to be as follows (in thousands):
Fiscal year |  |  |
Remainder of 2022 |  | $ | 8,983 |
2023 |  |  | 15,940 |
2024 |  |  | 15,060 |
2025 |  |  | 13,046 |
2026 |  |  | 12,654 |
Thereafter |  |  | 67,065 |
|  | $ | 132,748 |

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 https://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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration