Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

9.	GOODWILL AND OTHER INTANGIBLE ASSETS

The components of goodwill and other intangible assets at June 30, 2021 and December 31, 2020 are presented below:

	June 30,		December 31,
	2021		2020
Goodwill	$	380,687	$	383,861
Other intangible assets (net of accumulated amortization)		180		210
	$	380,867	$	384,071

At June 30, 2021 and December 31, 2020, goodwill of $316,146 and $319,320, respectively, was attributable to the Company’s Financial Advisory segment and, at each such respective date, $64,541 of goodwill was attributable to the Company’s Asset Management segment.

Changes in the carrying amount of goodwill for the six month periods ended June 30, 2021 and 2020 are as follows:

	Six Months Ended
	June 30,
	2021			2020
Balance, January 1	$	383,861		$	371,773
Foreign currency translation adjustments		(3,174	)		(3,704	)
Balance, June 30	$	380,687		$	368,069

All changes in the carrying amount of goodwill for the six month periods ended June 30, 2021 and 2020 are attributable to the Company’s Financial Advisory segment.

The gross cost and accumulated amortization of other intangible assets as of June 30, 2021 and December 31, 2020, by major intangible asset category, are as follows:

	June 30, 2021						December 31, 2020
	Gross Cost		Accumulated Amortization		Net Carrying Amount		Gross Cost		Accumulated Amortization		Net Carrying Amount
Success/incentive fees	$	35,451	$	35,451	$	-	$	35,385	$	35,385	$	-
Management fees, customer relationships and non-compete agreements		34,989		34,809		180		34,980		34,770		210
	$	70,440	$	70,260	$	180	$	70,365	$	70,155	$	210

Amortization expense of intangible assets, included in “amortization of intangible assets related to acquisitions” in the condensed consolidated statements of operations, for the three month and six month periods ended June 30, 2021 was $15 and $30, respectively, and for the three month and six month periods ended June 30, 2020 was $455 and $901, respectively. Estimated future amortization expense is as follows:

Year Ending December 31,	Amortization Expense
2021 (July 1 through December 31)	$	30
2022		60
2023		60
2024		30
Total amortization expense	$	180