Goodwill and Intangibles (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in goodwill for the nine months ended September 30, 2021 is as follows:

Balance at December 31, 2020	$	369,982
Purchase price adjustment		(188	)
Increase from acquisitions		47,607
Balance at September 30, 2021	$	417,401

Schedule of Intangible Assets

Intangibles consists of the following:

	As of September 30, 2021
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Indefinite-lived intangible assets:
Trade names	$	17,350	$	—		$	17,350
Technology		30		—			30
Total indefinite-lived intangible assets		17,380		—			17,380
Finite-lived intangible assets:
Trade names		21,500		(1,392	)		20,108
Management and advisory contracts		150,646		(53,866	)		96,780
Technology		8,160		(6,122	)		2,038
Total finite-lived intangible assets		180,306		(61,380	)		118,926
Total intangible assets	$	197,686	$	(61,380	)	$	136,306

	As of December 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Indefinite-lived intangible assets:
Trade names	$	17,350	$	—		$	17,350
Total indefinite-lived intangible assets		17,350		—			17,350
Finite-lived intangible assets:
Trade names		17,360		(368	)		16,992
Management and advisory contracts		139,796		(33,967	)		105,829
Technology		8,160		(4,593	)		3,567
Total finite-lived intangible assets		165,316		(38,928	)		126,388
Total intangible assets	$	182,666	$	(38,928	)	$	143,738

Estimated Future Amortization Expense

The amortization expense for each of the next five years and thereafter are as follows:

Remainder of 2021	$	7,980
2022		24,545
2023		21,098
2024		17,532
2025		13,749
Thereafter		34,022
Total amortization	$	118,926