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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2021 | $ | 501,046 |  |  | $ | 237,929 |  |  | $ | 268,858 |  |  | $ | 96,811 |  |  | $ | 128,147 |  |  | $ | 1,232,791 |
Acquisitions (3) | 11,332 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,332 |
Foreign currency translation adjustment | 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 |
Foreign currency translation adjustment | 1,405 |  |  | 1,629 |  |  | 427 |  |  | 75 |  |  | 3,440 |  |  | 6,976 |
Intersegment transfers in/(out) (4) | 23,086 |  |  | (23,086) |  |  | — |  |  | — |  |  | — |  |  | — |
Balance at December 31, 2023 | $ | 540,991 |  |  | $ | 213,415 |  |  | $ | 268,482 |  |  | $ | 96,802 |  |  | $ | 114,879 |  |  | $ | 1,234,569 |
(1)There were no accumulated impairment losses for the Corporate Finance, FLC, Economic Consulting or Technology segments as of December 31, 2023, 2022 and 2021. (2)Amounts for our Strategic Communications segment include gross carrying values of $309.0 million, $305.6 million and $322.3 million as of December 31, 2023, 2022, and 2021, respectively, and accumulated impairment losses of $194.1 million as of December 31, 2023, 2022 and 2021. (3)During the year ended December 31, 2022, we acquired certain assets of businesses that were assigned to the Corporate Finance segment. We recorded $11.3 million in goodwill as a result of the acquisition in 2022. We have included the results of the acquired business operations in the Corporate Finance segment since the acquisition date. (4)Includes the allocation of goodwill relating to the reclassification of the portion of the Company’s health solutions practice previously within our FLC segment, which focuses on business transformation services in the healthcare and life sciences sector, to our realigned business transformation practice within our Corporate Finance segment. See Note 20, “Segment Reporting,” for information on this segment reclassification.
Schedule of Other Intangible Assets Amortized Intangibles | Intangible assets were as follows:
|  |  | December 31, 2023 |  | December 31, 2022
| 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 | 9.7 |  | $ | 27,000 |  |  | $ | 16,640 |  |  | $ | 10,360 |  |  | $ | 78,223 |  |  | $ | 63,810 |  |  | $ | 14,413 |
Trademarks | 6.0 |  | 9,712 |  |  | 7,129 |  |  | 2,583 |  |  | 10,950 |  |  | 5,554 |  |  | 5,396 |
Acquired software and other | 1.9 |  | 888 |  |  | 646 |  |  | 242 |  |  | 846 |  |  | 241 |  |  | 605 |
| 8.6 |  | 37,600 |  |  | 24,415 |  |  | 13,185 |  |  | 90,019 |  |  | 69,605 |  |  | 20,414 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | Indefinite |  | 5,100 |  |  | — |  |  | 5,100 |  |  | 5,100 |  |  | — |  |  | 5,100 |
Total |  |  | $ | 42,700 |  |  | $ | 24,415 |  |  | $ | 18,285 |  |  | $ | 95,119 |  |  | $ | 69,605 |  |  | $ | 25,514 |
Schedule of Other Intangible Assets Unamortized Intangibles | Intangible assets were as follows:
|  |  | December 31, 2023 |  | December 31, 2022
| 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 | 9.7 |  | $ | 27,000 |  |  | $ | 16,640 |  |  | $ | 10,360 |  |  | $ | 78,223 |  |  | $ | 63,810 |  |  | $ | 14,413 |
Trademarks | 6.0 |  | 9,712 |  |  | 7,129 |  |  | 2,583 |  |  | 10,950 |  |  | 5,554 |  |  | 5,396 |
Acquired software and other | 1.9 |  | 888 |  |  | 646 |  |  | 242 |  |  | 846 |  |  | 241 |  |  | 605 |
| 8.6 |  | 37,600 |  |  | 24,415 |  |  | 13,185 |  |  | 90,019 |  |  | 69,605 |  |  | 20,414 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | Indefinite |  | 5,100 |  |  | — |  |  | 5,100 |  |  | 5,100 |  |  | — |  |  | 5,100 |
Total |  |  | $ | 42,700 |  |  | $ | 24,415 |  |  | $ | 18,285 |  |  | $ | 95,119 |  |  | $ | 69,605 |  |  | $ | 25,514 |
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, 2023 (1)
Year |
2024 |  | $ | 3,646 |
2025 |  | 2,907 |
2026 |  | 1,740 |
2027 |  | 1,670 |
2028 |  | 1,265 |
Thereafter |  | 1,957 |
|  | $ | 13,185 |
(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.

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