GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

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.