XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.22.4

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The table below summarizes the changes in the carrying amount of goodwill by reportable segment:
| Corporate Finance (1) |  | FLC (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 (3) | — |  |  | 5,493 |  |  | — |  |  | — |  |  | — |  |  | 5,493 |
Foreign currency translation adjustment and other | (5,026) |  |  | (938) |  |  | (229) |  |  | (10) |  |  | (1,378) |  |  | (7,581) |
Balance at December 31, 2021 | $ | 501,046 |  |  | $ | 237,929 |  |  | $ | 268,858 |  |  | $ | 96,811 |  |  | $ | 128,147 |  |  | $ | 1,232,791 |
Acquisitions (3) | 11,332 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,332 |
Foreign currency translation adjustment and other | 4,122 |  |  | (3,057) |  |  | (803) |  |  | (84) |  |  | (16,708) |  |  | (16,530) |
Balance at December 31, 2022 | $ | 516,500 |  |  | $ | 234,872 |  |  | $ | 268,055 |  |  | $ | 96,727 |  |  | $ | 111,439 |  |  | $ | 1,227,593 |
(1)There were no accumulated impairment losses for the Corporate Finance, FLC, Economic Consulting or Technology segments as of December 31, 2022, 2021 and 2020. (2)Amounts for our Strategic Communications segment include gross carrying values of $305.6 million, $322.3 million and $323.7 million as of December 31, 2022, 2021, and 2020, respectively, and accumulated impairment losses of $194.1 million representing the aggregate impairment charges for the years ended December 31, 2022, 2021 and 2020. (3)During the years ended December 31, 2022 and 2021, we acquired certain assets of businesses that were assigned to the Corporate Finance and FLC segments, respectively. We recorded $11.3 million and $5.5 million in goodwill as a result of the acquisitions in 2022 and 2021, respectively. We have included the results of the acquired businesses' operations in the Corporate Finance and FLC segments since the acquisition dates. Intangible Assets Intangible assets were as follows:
|  |  | December 31, 2022 |  | December 31, 2021
| Weighted Average Useful Life in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships (1) | 13.0 |  | $ | 78,223 |  |  | $ | 63,810 |  |  | $ | 14,413 |  |  | $ | 83,101 |  |  | $ | 63,124 |  |  | $ | 19,977 |
Trademarks (1) | 5.9 |  | 10,950 |  |  | 5,554 |  |  | 5,396 |  |  | 10,965 |  |  | 4,732 |  |  | 6,233 |
Acquired software and other (1) | 6.4 |  | 846 |  |  | 241 |  |  | 605 |  |  | 3,114 |  |  | 2,434 |  |  | 680 |
| 12.2 |  | 90,019 |  |  | 69,605 |  |  | 20,414 |  |  | 97,180 |  |  | 70,290 |  |  | 26,890 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | Indefinite |  | 5,100 |  |  | — |  |  | 5,100 |  |  | 5,100 |  |  | — |  |  | 5,100 |
Total |  |  | $ | 95,119 |  |  | $ | 69,605 |  |  | $ | 25,514 |  |  | $ | 102,280 |  |  | $ | 70,290 |  |  | $ | 31,990 |
(1)During the year ended December 31, 2022, we acquired a business, and its related intangible assets were assigned to the Corporate Finance segment. Intangible assets with finite lives are amortized over their estimated useful life. We recorded amortization expense of $9.6 million, $10.8 million and $10.4 million during the years ended December 31, 2022, 2021 and 2020, respectively. No impairment charges for intangible assets were recorded during the years ended December 31, 2022, 2021 and 2020. We estimate our future amortization expense for our intangible assets with finite lives to be as follows:
|  | As of December 31, 2022 (1)
Year |
2023 |  | $ | 5,964 |
2024 |  | 3,647 |
2025 |  | 2,940 |
2026 |  | 1,788 |
2027 |  | 1,718 |
Thereafter |  | 4,357 |
|  | $ | 20,414 |
(1)Actual amortization expense to be reported in future periods could differ from these estimates as a result 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 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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration