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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
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 (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 other4,122 (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.
Schedule of Other Intangible Assets Amortized Intangibles
Intangible assets were as follows:
  December 31, 2022December 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)
5.910,950 5,554 5,396 10,965 4,732 6,233 
Acquired software and other (1)
6.4846 241 605 3,114 2,434 680 
12.290,019 69,605 20,414 97,180 70,290 26,890 
Non-amortizing intangible assets
TrademarksIndefinite5,100 — 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.
Schedule of Other Intangible Assets Unamortized Intangibles
Intangible assets were as follows:
  December 31, 2022December 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)
5.910,950 5,554 5,396 10,965 4,732 6,233 
Acquired software and other (1)
6.4846 241 605 3,114 2,434 680 
12.290,019 69,605 20,414 97,180 70,290 26,890 
Non-amortizing intangible assets
TrademarksIndefinite5,100 — 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.
Schedule of Future Amortization Expense Intangible Assets
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 
20243,647 
20252,940 
20261,788 
20271,718 
Thereafter4,357 
$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.