XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 3 — Goodwill and Other Intangible Assets Goodwill Goodwill represents the excess of the purchase price of acquired businesses over the estimated fair values of the tangible and identifiable intangible net assets acquired. Goodwill is not amortized; however, it is required to be tested for impairment annually, which requires assessment of the potential impairment at the reporting unit level. Testing for impairment is also required on an interim basis if an event or circumstance indicates it is more likely than not an impairment loss has been incurred. The Company performed its annual impairment testing as of November 30, 2020 utilizing a qualitative assessment to determine if it was more likely than not that the fair values of each of its reporting units was less than their respective carrying values and concluded that no impairments existed. Subsequent to completing the annual test and through September 30, 2021, there were no events or circumstances that required an interim impairment test. Accordingly, as of September 30, 2021, the Company had no accumulated goodwill impairment losses. Approximately $8.2 million of goodwill is allocated to the Company’s Consulting reporting unit, which had a negative carrying value as of the date of the last test. The change in the carrying amount of goodwill for the nine months ended September 30, 2021 is summarized as follows (in thousands):
| Total |
Balance at December 31, 2020 | $ | 247,211 |
Translation adjustments |  | (1,999 | )
Balance at September 30, 2021 | $ | 245,212 |
Finite-Lived Intangible Assets The carrying values of finite-lived intangible assets are as follows (in thousands):
| September 30, 2021 |
| Gross |  |  |  |  |  | Net |
| Carrying |  |  | Accumulated |  |  | Carrying |
| Amount |  |  | Amortization |  |  | Amount |
Amortizable intangible assets: |  |  |  |  |  |  |  |
Customer relationships | $ | 78,371 |  |  | $ | 23,665 |  |  | $ | 54,706 |
Technology |  | 16,772 |  |  |  | 12,426 |  |  |  | 4,346 |
Trademarks |  | 12,467 |  |  |  | 5,259 |  |  |  | 7,208 |
Total | $ | 107,610 |  |  | $ | 41,350 |  |  | $ | 66,260 |
| December 31, 2020 |
| Gross |  |  |  |  |  | Net |
| Carrying |  |  | Accumulated |  |  | Carrying |
| Amount |  |  | Amortization |  |  | Amount |
Amortizable intangible assets: |  |  |  |  |  |  |  |
Customer relationships | $ | 78,450 |  |  | $ | 17,277 |  |  | $ | 61,173 |
Technology |  | 16,956 |  |  |  | 10,197 |  |  |  | 6,759 |
Trademarks |  | 12,495 |  |  |  | 2,432 |  |  |  | 10,063 |
Total | $ | 107,901 |  |  | $ | 29,906 |  |  | $ | 77,995 |
Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):
2021 (remainder) | $ | 3,560 |
2022 |  | 13,184 |
2023 |  | 11,942 |
2024 |  | 9,899 |
2025 |  | 8,879 |
Thereafter |  | 18,796 |
Total | $ | 66,260 |

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 -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration