XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.23.2

GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill was $526,827 and $512,595 as of June 30, 2023 and December 31, 2022, respectively. The changes in the carrying amount of goodwill for the six months ended June 30, 2023 were as follows:
| Capital Markets Segment |  | Wealth Management Segment |  | Auction and Liquidation Segment |  | Financial Consulting Segment |  | Communications Segment |  | Consumer Segment |  | All Other |  | Total
Balance as of December 31, 2022 | $ | 162,018 |  |  | $ | 51,195 |  |  | $ | 1,975 |  |  | $ | 23,680 |  |  | $ | 193,195 |  |  | $ | 75,753 |  |  | $ | 4,779 |  |  | $ | 512,595 |
Acquisition of other business | — |  |  | — |  |  | — |  |  | 7,273 |  |  | — |  |  | — |  |  | 2,428 |  |  | 9,701 |
Other | — |  |  | — |  |  | — |  |  | 191 |  |  | 672 |  |  | 3,668 |  |  | — |  |  | 4,531 |
Balance as of June 30, 2023 | $ | 162,018 |  |  | $ | 51,195 |  |  | $ | 1,975 |  |  | $ | 31,144 |  |  | $ | 193,867 |  |  | $ | 79,421 |  |  | $ | 7,207 |  |  | $ | 526,827 |
During the six months ended June 30, 2023, the changes in goodwill included $191 of foreign currency translation amounts, $672 of working capital settlements as described in Note 4, and $3,668 related to certain purchase price accounting adjustments. Intangible assets consisted of the following:
|  |  | As of June 30, 2023 |  | As of December 31, 2022
| Useful Life |  | Gross Carrying Value |  | Accumulated Amortization |  | Intangibles Net |  | Gross Carrying Value |  | Accumulated Amortization |  | Intangibles Net
Amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 1.0 to 16 Years |  | $ | 270,512 |  |  | $ | (102,396) |  |  | $ | 168,116 |  |  | $ | 268,253 |  |  | $ | (87,049) |  |  | $ | 181,204 |
Domain names | 7 years |  | 185 |  |  | (182) |  |  | 3 |  |  | 185 |  |  | (169) |  |  | 16 |
Advertising relationships | 8 years |  | 100 |  |  | (88) |  |  | 12 |  |  | 100 |  |  | (81) |  |  | 19 |
Internally developed software and other intangibles | 0.5 to 5 Years |  | 28,395 |  |  | (16,337) |  |  | 12,058 |  |  | 28,295 |  |  | (12,714) |  |  | 15,581 |
Trademarks | 3 to 10 Years |  | 20,871 |  |  | (7,008) |  |  | 13,863 |  |  | 23,309 |  |  | (6,307) |  |  | 17,002 |
Total |  |  | 320,063 |  |  | (126,011) |  |  | 194,052 |  |  | 320,142 |  |  | (106,320) |  |  | 213,822 |
Non-amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 160,276 |  |  | — |  |  | 160,276 |  |  | 160,276 |  |  | — |  |  | 160,276 |
Total intangible assets |  |  | $ | 480,339 |  |  | $ | (126,011) |  |  | $ | 354,328 |  |  | $ | 480,418 |  |  | $ | (106,320) |  |  | $ | 374,098 |
Amortization expense was $10,103 and $6,940 during the three months ended June 30, 2023 and 2022, respectively, and 20,576 and $13,756 during the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023, estimated future amortization expense was $19,279, $33,689, $30,029, $26,792, and $24,412 for the years ended December 31, 2023 (remaining six months), 2024, 2025, 2026 and 2027, respectively. The estimated future amortization expense after December 31, 2027 was $59,851.

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