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GOODWILL AND OTHER INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill was $394,331 and $250,568 as of June 30, 2022 and December 31, 2021, respectively.
The changes in the carrying amount of goodwill during the six months ended June 30, 2022, resulting primarily from the acquisition of FocalPoint in the Capital Markets segment and Lingo in the Principal Investments – Communications and Other segment (as previously discussed in Note 1), were as follows:
Capital Markets SegmentWealth Management SegmentAuction and Liquidation SegmentFinancial Consulting SegmentPrincipal Investments- Communications and Other SegmentTotal
Balance as of December 31, 2021
$51,338 $51,195 $1,975 $23,680 $122,380 $250,568 
Goodwill acquired during the period:
Acquisition of other businesses110,512 — — — 33,251 143,763 
Balance as of June 30, 2022
$161,850 $51,195 $1,975 $23,680 $155,631 $394,331 
Intangible assets consisted of the following:
As of June 30, 2022
As of December 31, 2021
Useful LifeGross Carrying ValueAccumulated AmortizationIntangibles NetGross Carrying ValueAccumulated AmortizationIntangibles Net
Amortizable assets:
Customer relationships
0.1 to 13 Years
$184,949 $(70,766)$114,183 $130,801 $(59,671)$71,130 
Domain names7 years185 (156)29 185 (143)42 
Advertising relationships8 years100 (75)25 100 (69)31 
Internally developed software and other intangibles
0.5 to 5 Years
21,855 (10,494)11,361 15,275 (8,820)6,455 
Trademarks
3 to 10 Years
22,069 (2,621)19,448 6,369 (1,652)4,717 
Total229,158 (84,112)145,046 152,730 (70,355)82,375 
Non-amortizable assets:      
Tradenames125,276 — 125,276 125,276 — 125,276 
Total intangible assets$354,434 $(84,112)$270,322 $278,006 $(70,355)$207,651 
Amortization expense was $6,940 and $5,134 during the three months ended June 30, 2022 and 2021, respectively, and $13,756 and $11,020 during the six months ended June 30, 2022 and 2021, respectively. As of June 30, 2022, estimated future amortization expense was $14,825, $23,934, $19,814, $15,346, and $14,530 for the years ended December 31, 2022 (remaining six months), 2023, 2024, 2025 and 2026, respectively. The estimated future amortization expense after December 31, 2026 was $56,597.