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GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The components of goodwill and other intangible assets at June 30, 2023 and December 31, 2022 are presented below:


	June 30, 2023		December 31, 2022
Goodwill	$	394,622	$	377,240
Other intangible assets (net of accumulated amortization)	60		90
	$	394,682	$	377,330

At June 30, 2023 and December 31, 2022, goodwill of $313,375 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 six month periods ended June 30, 2023 and 2022 are as follows:


	Six Months Ended June 30,
	2023		2022
Balance, January 1	$	377,240	$	379,421
Acquisition of business	16,706		-
Foreign currency translation adjustments	676		(1,537)
Balance, June 30	$	394,622	$	377,884

The acquisition in the six month period ended June 30, 2023 was attributable to the Company’s Asset Management segment. All other changes in the carrying amount of goodwill for the six month periods ended June 30, 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 the three month and six month periods ended June 30, 2023 was $15 and $30, respectively, and for the three month and six month periods ended June 30, 2022 was $15 and $30, respectively.