XML 47 R35.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Acquisitions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the identified acquired assets and liabilities assumed as of the Westchester acquisition date:
| October 1, 2021
| (in thousands)
Assets: |
Cash and cash equivalents | $ | 1,197 |
Intangible assets | 144,400 |
Goodwill | 23,040 |
Other assets | 4,997 |
Total Assets | 173,634 |
Liabilities |
Accounts payable and accrued liabilities | 4,300 |
Total liabilities | 4,300 |
Total Net Assets Acquired | $ | 169,334 |
The following table summarizes the identified acquired assets:
| February 1, 2021
| Approximate Fair Value (in thousands) |  | Weighted Average Useful Life (in years)
Definite-lived intangible assets: |  |  |
Open-end and closed-end fund investment contracts | $ | 101,447 |  |  | 13
Retail separate account investment contracts | 17,000 |  |  | 6
Trade name | 1,941 |  |  | 8
Total definite-lived intangible assets | 120,388 |  |  |
Goodwill | 25,000 |  |  |
Total assets acquired | $ | 145,388 |  |  |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | In connection with the allocation of the Westchester purchase price, the Company identified the following intangible assets:
| October 1, 2021
| Approximate Fair Value (in thousands) |  | Weighted Average of Useful Life (in years)
Definite-lived intangible assets: |  |  |
Investment management agreements | $ | 138,000 |  |  | 10
Trade names | 6,400 |  |  | 10
Total definite-lived intangible assets | $ | 144,400 |  |  |

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

X
- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration