XML 22 R11.htm IDEA: XBRL DOCUMENT v3.25.3
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The table below sets forth the changes in the carrying value of goodwill by reportable segment for the nine months ended September 30, 2025.

Healthcare		EducationCommercialTotal
Balance as of December 31, 2024:
Goodwill$643,552 $145,981 $345,102 $1,134,635 
Accumulated impairment losses(190,024)(1,417)(264,451)(455,892)
Goodwill, net as of December 31, 2024$453,528 $144,564 $80,651 $678,743 
Goodwill recorded in connection with business acquisitions(1)
53,760 6,219 42,867 102,846 
Foreign currency translation— 190 (22)168 
Goodwill, net as of September 30, 2025$507,288 $150,973 $123,496 $781,757 
(1)    See Note 4 "Acquisitions" for additional information on business combinations completed in 2025. Of the $102.8 million of goodwill recorded in the first nine months of 2025, $53.8 million related to the acquisition of Eclipse Insights within our Healthcare segment; $26.3 million related to the acquisition of Treliant within our Commercial segment; $16.5 million related to the acquisition of WP&C within our Commercial segment; and $6.2 million related to the remaining acquisitions completed in 2025. Goodwill is recognized for the excess of purchase price over the net fair value of assets acquired and liabilities assumed, and largely reflects the expanded market opportunities expected from combining the service offerings of Huron and the businesses acquired, as well as the assembled workforces of businesses acquired. The current acquisition date fair values of goodwill acquired in the Treliant and WP&C acquisitions are considered preliminary and are based on the information that was available as of the date of each acquisition. Of the $102.8 million of goodwill recorded in the first nine months of 2025, $98.3 million is expected to be tax deductible.
Intangible Assets
Intangible assets as of September 30, 2025 and December 31, 2024 consisted of the following:
As of September 30, 2025As of December 31, 2024
Useful Life 
(in years)		Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Customer relationships
4 to 10
$82,021 $14,840 $30,683 $9,790 
Technology and software
2 to 5
17,970 13,999 16,230 12,771 
Trade names66,000 6,000 6,000 6,000 
Customer contracts
2 to 4
1,487 1,151 1,483 418 
Non-competition agreements
2 to 5
1,380 910 1,260 601 
Total$108,858 $36,900 $55,656 $29,580 
During the nine months ended September 30, 2025, we acquired intangible assets of $53.7 million related to our business combinations completed in 2025. Of the $53.7 million of intangible assets acquired, $27.6 million relates to our acquisition of Eclipse Insights and includes $25.5 million for customer relationships and $2.1 million for technology and software. The acquired customer relationships and technology and software intangible assets have an estimated useful life of 10 years and 5 years, respectively. Also included in the $53.7 million of intangible assets acquired is $19.1 million for the preliminary fair value of the Treliant customer relationships, which have an initial estimated useful life of 10 years.
Identifiable intangible assets with finite lives are amortized over their estimated useful lives using either an accelerated or straight-line basis to correspond to the cash flows expected to be derived from the assets. Intangible asset amortization expense was $3.5 million and $1.6 million for the three months ended September 30, 2025 and 2024, respectively; and $7.9 million and $4.9 million for the nine months ended September 30, 2025 and 2024, respectively.
The table below sets forth the estimated annual amortization expense for the intangible assets recorded as of September 30, 2025.
Year Ending December 31,Estimated Amortization Expense
2025$11,334 
2026$15,114 
2027$12,809 
2028$11,133 
2029$8,612 
Actual future amortization expense could differ from these estimated amounts as a result of future acquisitions, dispositions, and other factors.