XML 170 R27.htm IDEA: XBRL DOCUMENT
v3.20.2

Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes in Carrying Amounts of Goodwill by Operating Segment | The table below summarizes the changes in the carrying amount of goodwill by reportable segment:
| Corporate Finance & Restructuring |  | FLC |  | Economic Consulting |  | Technology |  | Strategic Communications |  | Total
Balance at December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 478,842 |  |  | $ | 232,120 |  |  | $ | 268,677 |  |  | $ | 96,770 |  |  | $ | 320,497 |  |  | $ | 1,396,906 |
Accumulated goodwill impairment | — |  |  | — |  |  | — |  |  | — |  |  | (194,139) |  |  | (194,139) |
Goodwill, net at December 31, 2019 | 478,842 |  |  | 232,120 |  |  | 268,677 |  |  | 96,770 |  |  | 126,358 |  |  | 1,202,767 |
Acquisitions | 20,532 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20,532 |
Foreign currency translation adjustment and other | 2,300 |  |  | (600) |  |  | (7) |  |  | (29) |  |  | (1,199) |  |  | 465 |
Balance at September 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Goodwill | 501,674 |  |  | 231,520 |  |  | 268,670 |  |  | 96,741 |  |  | 319,298 |  |  | 1,417,903 |
Accumulated goodwill impairment | — |  |  | — |  |  | — |  |  | — |  |  | (194,139) |  |  | (194,139) |
Goodwill, net at September 30, 2020 | $ | 501,674 |  |  | $ | 231,520 |  |  | $ | 268,670 |  |  | $ | 96,741 |  |  | $ | 125,159 |  |  | $ | 1,223,764 |
Schedule of Indefinite-Lived Intangible Assets | Other intangible assets were as follows:
|  | September 30, 2020 |  | December 31, 2019
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships (1) |  | $ | 110,502 |  |  | $ | 82,343 |  |  | $ | 28,159 |  |  | $ | 99,613 |  |  | $ | 76,808 |  |  | $ | 22,805 |
Trademarks (1) |  | 11,401 |  |  | 2,108 |  |  | 9,293 |  |  | 9,855 |  |  | 653 |  |  | 9,202 |
Acquired software and other |  | 3,537 |  |  | 2,437 |  |  | 1,100 |  |  | 3,386 |  |  | 2,061 |  |  | 1,325 |
|  | 125,440 |  |  | 86,888 |  |  | 38,552 |  |  | 112,854 |  |  | 79,522 |  |  | 33,332 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | 5,100 |  |  | — |  |  | 5,100 |  |  | 5,100 |  |  | — |  |  | 5,100 |
Total |  | $ | 130,540 |  |  | $ | 86,888 |  |  | $ | 43,652 |  |  | $ | 117,954 |  |  | $ | 79,522 |  |  | $ | 38,432 |
(1) During the three months ended September 30, 2020, we acquired a strategy consulting and investment banking business, and its related intangible assets were assigned to the Corporate Finance segment.
Schedule of Finite-Lived Intangible Assets | Other intangible assets were as follows:
|  | September 30, 2020 |  | December 31, 2019
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships (1) |  | $ | 110,502 |  |  | $ | 82,343 |  |  | $ | 28,159 |  |  | $ | 99,613 |  |  | $ | 76,808 |  |  | $ | 22,805 |
Trademarks (1) |  | 11,401 |  |  | 2,108 |  |  | 9,293 |  |  | 9,855 |  |  | 653 |  |  | 9,202 |
Acquired software and other |  | 3,537 |  |  | 2,437 |  |  | 1,100 |  |  | 3,386 |  |  | 2,061 |  |  | 1,325 |
|  | 125,440 |  |  | 86,888 |  |  | 38,552 |  |  | 112,854 |  |  | 79,522 |  |  | 33,332 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | 5,100 |  |  | — |  |  | 5,100 |  |  | 5,100 |  |  | — |  |  | 5,100 |
Total |  | $ | 130,540 |  |  | $ | 86,888 |  |  | $ | 43,652 |  |  | $ | 117,954 |  |  | $ | 79,522 |  |  | $ | 38,432 |
(1) During the three months ended September 30, 2020, we acquired a strategy consulting and investment banking business, and its related intangible assets were assigned to the Corporate Finance segment.
Schedule of Future Amortization Expense Intangible Assets | We estimate our future amortization expense for our intangible assets with finite lives to be as follows:
Year | As of September 30, 2020 (1)
2020 (remaining) | $ | 2,792 |
2021 | 10,642 |
2022 | 8,519 |
2023 | 4,821 |
2024 | 3,388 |
Thereafter | 8,390 |
| $ | 38,552 |
(1)Actual amortization expense to be reported in future periods could differ from these estimates because of new intangible asset acquisitions, impairments, changes in useful lives, or other relevant factors or changes.

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 by reportable segment and in total which includes a rollforward schedule. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, 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 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
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