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GOODWILL AND OTHER INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill was $429,187 and $250,568 as of September 30, 2022 and December 31, 2021, respectively.
The changes in the carrying amount of goodwill during the nine months ended September 30, 2022, resulting primarily from the acquisitions of FocalPoint in the Capital Markets segment and Lingo and BullsEye 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 — — — 68,107 178,619 
Balance as of September 30, 2022
$161,850 $51,195 $1,975 $23,680 $190,487 $429,187 
Intangible assets consisted of the following:
As of September 30, 2022
As of December 31, 2021
Useful LifeGross Carrying ValueAccumulated AmortizationIntangibles NetGross Carrying ValueAccumulated AmortizationIntangibles Net
Amortizable assets:
Customer relationships
1.9 to 16 Years
$220,811 $(80,900)$139,911 $130,801 $(59,671)$71,130 
Domain names7 years185 (162)23 185 (143)42 
Advertising relationships8 years100 (78)22 100 (69)31 
Internally developed software and other intangibles
0.5 to 5 Years
24,295 (11,016)13,279 15,275 (8,820)6,455 
Trademarks
3 to 10 Years
20,683 (2,848)17,835 6,369 (1,652)4,717 
Total266,074 (95,004)171,070 152,730 (70,355)82,375 
Non-amortizable assets:      
Tradenames125,276 — 125,276 125,276 — 125,276 
Total intangible assets$391,350 $(95,004)$296,346 $278,006 $(70,355)$207,651 
Amortization expense was $9,390 and $5,156 during the three months ended September 30, 2022 and 2021, respectively, and $23,146 and $16,176 during the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, estimated future amortization expense was $9,466, $32,249, $28,169, $23,685, and $20,916 for the years ended December 31, 2022 (remaining three months), 2023, 2024, 2025 and 2026, respectively. The estimated future amortization expense after December 31, 2026 is $56,585.