XML 38 R21.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Goodwill and Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The components of goodwill and other intangible assets at December 31, 2023 and 2022 are presented below:
| December 31,
| 2023 |  | 2022
Goodwill | $ | 394,898 |  |  | $ | 377,240 |
Other intangible assets (net of accumulated amortization) | 30 |  |  | 90 |
| $ | 394,928 |  |  | $ | 377,330 |
Changes in the carrying amount of goodwill for the years ended December 31, 2023, 2022 and 2021 are as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| Financial Advisory |  | Asset Management |  | Total |  | Financial Advisory |  | Asset Management |  | Total |  | Financial Advisory |  | Asset Management |  | Total
Balance, January 1 | $ | 312,699 |  |  | $ | 64,541 |  |  | $ | 377,240 |  |  | $ | 314,880 |  |  | $ | 64,541 |  |  | $ | 379,421 |  |  | $ | 319,320 |  |  | $ | 64,541 |  |  | $ | 383,861 |
Acquisition of business | – |  |  | 16,729 |  |  | 16,729 |  |  | – |  |  | – |  |  | – |  |  | – |  |  | – |  |  | – |
Foreign currency translation adjustments | 929 |  |  | – |  |  | 929 |  |  | (2,181) |  |  | – |  |  | (2,181) |  |  | (4,440) |  |  | – |  |  | (4,440) |
Balance, December 31 | $ | 313,628 |  |  | $ | 81,270 |  |  | $ | 394,898 |  |  | $ | 312,699 |  |  | $ | 64,541 |  |  | $ | 377,240 |  |  | $ | 314,880 |  |  | $ | 64,541 |  |  | $ | 379,421 |
The Company tests goodwill for impairment annually or more frequently if circumstances indicate that impairment may have occurred. Pursuant to the Company’s goodwill impairment tests for the years ended December 31, 2023, 2022 and 2021, the Company determined that no impairment existed. Amortization expense of intangible assets, included in “amortization and other acquisition-related costs” in the consolidated statements of operations, for the years ended December 31, 2023, 2022 and 2021 was $60, $60 and $60, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration