XML 25 R14.htm IDEA: XBRL DOCUMENT v3.24.2
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2024
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 &
  Restructuring (1)
Forensic and Litigation Consulting (1)
Economic
Consulting (1)
Technology (1)
Strategic
Communications (2)
Total
Balance at December 31, 2023$540,991 $213,415 $268,482 $96,802 $114,879 $1,234,569 
Foreign currency translation
adjustment
(2,288)(571)(185)(10)(583)(3,637)
Balance at June 30, 2024$538,703 $212,844 $268,297 $96,792 $114,296 $1,230,932 
(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, 2024 and December 31, 2023.
(2)    Amounts for our Strategic Communications segment include gross carrying values of $308.4 million and $309.0 million as of June 30, 2024 and December 31, 2023, respectively, and accumulated impairment losses of $194.1 million as of June 30, 2024 and December 31, 2023.
Intangible Assets
Intangible assets were as follows:
 June 30, 2024December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortizing intangible assets      
Customer relationships$29,035 $17,638 $11,397 $27,000 $16,640 $10,360 
Trademarks9,426 7,712 1,714 9,712 7,129 2,583 
Acquired software and other865 699 166 888 646 242 
39,326 26,049 13,277 37,600 24,415 13,185 
Non-amortizing intangible assets
Trademarks 5,100 — 5,100 5,100 — 5,100 
Total$44,426 $26,049 $18,377 $42,700 $24,415 $18,285 
Intangible assets with finite lives are amortized over their estimated useful lives. We recorded amortization expense of $1.1 million and $2.1 million during the three and six months ended June 30, 2024, respectively, and $1.4 million and $3.6 million for the three and six months ended June 30, 2023, respectively.