Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets

The following table summarizes the activity of goodwill by segment:



	Financial Advisory			Alternative Asset Advisory		Investment Banking			Total
Ending balance as of December 31, 2009	$	75,597		$	15,723	$	31,556		$	122,876
Additions due to acquisitions
Other^(a)	13,811			2,212		—			16,023
Impact of foreign currency translation	271			—		—			271
Ending balance as of December 31, 2010	89,679			17,935		31,556			139,170
Additions due to acquisitions
Growth Capital Partners	—			—		7,806			7,806
MCR	—			—		20,177			20,177
Toronto-based financial restructuring practice of RSM Richter	—			—		4,514			4,514
Pagemill Partners	—			—		22,072			22,072
Other	20			—		—			20
Impact of foreign currency translation	(191		)	—		(598		)	(789		)
Ending balance as of December 31, 2011	89,508			17,935		85,527			192,970
Additions due to acquisitions
Other^(b)	10,648			—		846			11,494
Impact of foreign currency translation	289			—		900			1,189
Ending balance as of December 31, 2012	$	100,445		$	17,935	$	87,273		$	205,653



	_______________
	(a)	The increase in goodwill during the year ended December 31, 2010 resulted from three acquisitions during the year and payment of contingent consideration that resulted from acquisitions in prior years.

	(b)	The increase in goodwill during the year ended December 31, 2012 primarily resulted from two acquisitions during the year.

The following tables summarize intangible assets:



	December 31, 2012							December 31, 2011
	Gross Intangibles		Accumulated Amortization			Net Intangibles		Gross Intangibles		Accumulated Amortization			Net Intangibles
Customer relationships	$	55,933	$	(23,120	)	$	32,813	$	49,308	$	(15,151	)	$	34,157
Trade names	2,707		(2,670		)	37		2,657		(2,657		)	—
Indefinite-lived trade names	3,120		—			3,120		3,120		—			3,120
Non-competes	8,711		(6,480		)	2,231		8,643		(5,177		)	3,466
Software	2,875		(2,875		)	—		2,875		(2,641		)	234
Total	$	73,346	$	(35,145	)	$	38,201	$	66,603	$	(25,626	)	$	40,977

Non-compete agreements are being amortized over an expected life of 18 months to five years. The remaining finite-lived trade names are being amortized over an expected life of two to 10 years. Customer relationships are being amortized over an expected life of 1.5 to 15 years. Software is being amortized over an expected life of five years.

Amortization expense of intangible assets is summarized as follows:



	Year Ended
	December 31, 2012		December 31, 2011		December 31, 2010^(a)
Amortization expense	$	9,422	$	5,007	$	3,760



	_______________
	(a)	During the year ended December 31, 2010, the Company incurred a charge of $674 from the impairment of certain intangible assets that originated from its acquisition of World Tax Services US in July 2008. World Tax Service US operated as part of the Financial Advisory segment. The impairment resulted from the departure of the two managing directors who ran the practice and associated staff in March 2010.

Annual amortization expense for intangible assets over the next five years is summarized as follows:



Year Ending December 31,
2013	$	8,259
2014	6,160
2015	5,194
2016	3,357
2017	2,750
Thereafter	9,361

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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