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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill And Intangible Assets Disclosure [Abstract]

8.	GOODWILL AND OTHER INTANGIBLE ASSETS

The components of goodwill and other intangible assets at March 31, 2023 and December 31, 2022 are presented below:

	March 31,		December 31,
	2023		2022
Goodwill	$	394,185	$	377,240
Other intangible assets (net of accumulated amortization)		75		90
	$	394,260	$	377,330

At March 31, 2023 and December 31, 2022, goodwill of $312,938 and $312,699, respectively, was attributable to the Company’s Financial Advisory segment and, goodwill of $81,247 and $64,541, respectively, was attributable to the Company’s Asset Management segment.

Changes in the carrying amount of goodwill for the three month periods ended March 31, 2023 and 2022 are as follows:

	March 31,
	2023		2022
Balance, January 1	$	377,240	$	379,421
Acquisition of business		16,706		-
Foreign currency translation adjustments		239		59
Balance, March 31	$	394,185	$	379,480

The acquisition in the three month period ended March 31, 2023 was attributable to the Company’s Asset Management segment. All other changes in the carrying amount of goodwill for the three month periods ended March 31, 2023 and 2022 are attributable to the Company’s Financial Advisory segment.

Amortization expense of intangible assets, included in “amortization and other acquisition-related costs” in the condensed consolidated statements of operations, for both three month periods ended March 31, 2023 and 2022 was $15.