XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Intangible Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
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 (1) |  | Forensic and Litigation Consulting (1) |  | Economic Consulting (1) |  | Technology (1) |  | Strategic Communications (2) |  | Total
Balance at December 31, 2020 | $ | 506,072 |  |  | $ | 233,374 |  |  | $ | 269,087 |  |  | $ | 96,821 |  |  | $ | 129,525 |  |  | $ | 1,234,879 |
Acquisitions | — |  |  | 5,493 |  |  | — |  |  | — |  |  | — |  |  | 5,493 |
Foreign currency translation adjustment and other | (1,560) |  |  | 315 |  |  | 38 |  |  | 30 |  |  | 862 |  |  | (315) |
Balance at June 30, 2021 | $ | 504,512 |  |  | $ | 239,182 |  |  | $ | 269,125 |  |  | $ | 96,851 |  |  | $ | 130,387 |  |  | $ | 1,240,057 |
(1) There were no accumulated impairment losses for the Corporate Finance & Restructuring ("Corporate Finance"), Forensic and Litigation Consulting ("FLC"), Economic Consulting or Technology segments as of June 30, 2021 and December 31, 2020, respectively. (2) Amounts for our Strategic Communications segment include gross carrying values of $324.5 million and $323.7 million as of June 30, 2021 and December 31, 2020, respectively, and accumulated impairment losses of $194.1 million as of June 30, 2021 and December 31, 2020.
Schedule of Other Intangible Assets Amortized Intangibles | Intangible assets were as follows:
|  | June 30, 2021 |  | December 31, 2020
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships (1) |  | $ | 113,937 |  |  | $ | 89,837 |  |  | $ | 24,100 |  |  | $ | 111,556 |  |  | $ | 85,180 |  |  | $ | 26,376 |
Trademarks |  | 11,476 |  |  | 3,814 |  |  | 7,662 |  |  | 11,809 |  |  | 2,768 |  |  | 9,041 |
Acquired software and other |  | 3,507 |  |  | 2,716 |  |  | 791 |  |  | 3,618 |  |  | 2,585 |  |  | 1,033 |
|  | 128,920 |  |  | 96,367 |  |  | 32,553 |  |  | 126,983 |  |  | 90,533 |  |  | 36,450 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | 5,100 |  |  | — |  |  | 5,100 |  |  | 5,100 |  |  | — |  |  | 5,100 |
Total |  | $ | 134,020 |  |  | $ | 96,367 |  |  | $ | 37,653 |  |  | $ | 132,083 |  |  | $ | 90,533 |  |  | $ | 41,550 |
(1) During the three months ended June 30, 2021, we acquired certain assets of a leading construction consulting firm, and its related intangible assets were assigned to the FLC segment.
Schedule of Other Intangible Assets Unamortized Intangibles | Intangible assets were as follows:
|  | June 30, 2021 |  | December 31, 2020
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships (1) |  | $ | 113,937 |  |  | $ | 89,837 |  |  | $ | 24,100 |  |  | $ | 111,556 |  |  | $ | 85,180 |  |  | $ | 26,376 |
Trademarks |  | 11,476 |  |  | 3,814 |  |  | 7,662 |  |  | 11,809 |  |  | 2,768 |  |  | 9,041 |
Acquired software and other |  | 3,507 |  |  | 2,716 |  |  | 791 |  |  | 3,618 |  |  | 2,585 |  |  | 1,033 |
|  | 128,920 |  |  | 96,367 |  |  | 32,553 |  |  | 126,983 |  |  | 90,533 |  |  | 36,450 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | 5,100 |  |  | — |  |  | 5,100 |  |  | 5,100 |  |  | — |  |  | 5,100 |
Total |  | $ | 134,020 |  |  | $ | 96,367 |  |  | $ | 37,653 |  |  | $ | 132,083 |  |  | $ | 90,533 |  |  | $ | 41,550 |
(1) During the three months ended June 30, 2021, we acquired certain assets of a leading construction consulting firm, and its related intangible assets were assigned to the FLC 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 June 30, 2021 (1)
2021 (remaining) |  | $ | 5,207 |
2022 |  | 8,887 |
2023 |  | 5,192 |
2024 |  | 3,745 |
2025 |  | 3,051 |
Thereafter |  | 6,471 |
|  | $ | 32,553 |
(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: | dtr-types: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: | dtr-types: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: | 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 http://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