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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2025
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, 2024$535,328 $212,367 $268,294 $96,784 $113,783 $1,226,556 
Foreign currency translation
adjustment
1,928 1,073 194 42 1,865 5,102 
Balance at March 31, 2025$537,256 $213,440 $268,488 $96,826 $115,648 $1,231,658 
(1)    There were no accumulated impairment losses for the Corporate Finance, FLC, Economic Consulting or Technology segments as of March 31, 2025 and December 31, 2024.
(2)    Amounts for our Strategic Communications segment include gross carrying values of $309.8 million and $307.9 million as of March 31, 2025 and December 31, 2024, respectively, and accumulated impairment losses of $194.1 million as of March 31, 2025 and December 31, 2024.
Intangible Assets
Intangible assets were as follows:
 March 31, 2025December 31, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortizing intangible assets      
Customer relationships$29,161 $19,555 $9,606 $28,814 $18,656 $10,158 
Trademarks9,528 8,996 532 9,166 8,269 897 
Acquired software and other874 806 68 841 751 90 
39,563 29,357 10,206 38,821 27,676 11,145 
Non-amortizing intangible assets
Trademarks 5,625 — 5,625 5,625 — 5,625 
Total$45,188 $29,357 $15,831 $44,446 $27,676 $16,770 
Intangible assets with finite lives are amortized over their estimated useful lives. We recorded amortization expense of $1.0 million during each of the three months ended March 31, 2025 and 2024.