XML 41 R24.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of the Company's goodwill by segment are as follows:
| Investment Managers |  | Investments In New Businesses |  | Total
Balance, January 1, 2017 | $ | — |  |  | $ | — |  |  | $ | — |
Acquisition of Archway | 52,990 |  |  | — |  |  | 52,990 |
Balance, December 31, 2017 | $ | 52,990 |  |  | $ | — |  |  | $ | 52,990 |
Acquisition of Huntington Steele | — |  |  | 11,499 |  |  | 11,499 |
Balance, December 31, 2018 | $ | 52,990 |  |  | $ | 11,499 |  |  | $ | 64,489 |
In April 2018, the Company acquired all ownership interests of Huntington Steele (See Note 14). The excess purchase price over the estimated value of the net tangible and identifiable intangible assets was allocated to goodwill. The total amount of goodwill from this transaction amounted to $11,499 and is included on the accompanying Consolidated Balance Sheet. In July 2017, the Company acquired all ownership interests of Archway (See Note 14). The excess purchase price over the estimated value of the net tangible and identifiable intangible assets was recorded as goodwill. The total amount of goodwill from this transaction amounted to $52,990 and is included on the accompanying Consolidated Balance Sheets. The Company's intangible assets consist of:
| December 31, 2018 |  | Weighted Average Estimated Useful Life |  | December 31, 2017 |  | Weighted Average Estimated Useful Life
Acquired technology | $ | 13,510 |  |  | 10.0 years |  | $ | 13,510 |  |  | 10.0 years
Client relationships | 16,940 |  |  | 13.9 years |  | 10,760 |  |  | 15.0 years
Non-competition agreements | 3,470 |  |  | 5.0 years |  | 3,470 |  |  | 5.0 years
Trade name | 2,840 |  |  | 7.0 years |  | 2,390 |  |  | 7.0 years
| 36,760 |  |  |  |  | 30,130 |  |  |
Less: Accumulated amortization | (5,090 | ) |  |  |  | (1,552 | ) |  |
Intangible assets, net | $ | 31,670 |  |  |  |  | $ | 28,578 |  |  |
The Company recognized $3,538 and $1,552 of amortization expense related to intangible assets during 2018 and 2017, respectively. The Company currently expects to recognize amortization expense related to intangible assets as of December 31, 2018 each year from 2019 through 2023 as follows:
2019 | $ | 3,683 |
2020 | 3,683 |
2021 | 3,683 |
2022 | 3,336 |
2023 | 2,989 |

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration