Goodwill and Intangibles (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in goodwill for the years ended December 31, 2021 and December 31, 2020 are as follows:

Balance at December 31, 2019	$	97,323
Purchase price adjustment		-
Increase from acquisitions		272,659
Balance at December 31, 2020	$	369,982
Purchase price adjustment		1,103
Increase from acquisitions		47,616
Balance at December 31, 2021	$	418,701

Due to new information that became available during the year ended December 31, 2021 and a revision to the Company's outside basis and intangibles from finalizing the tax return, there was an adjustment to Enhanced that resulted in a purchase price adjustment. This was the result of using an estimate as of December 31, 2020 and resulted in a $1.3 million adjustment to the purchase price. Since this was completed during the measurement period, the adjustment was recorded as an adjustment to goodwill.

A measurement period adjustment was also recorded related to contingent consideration associated with the Bonaccord acquisition resulting in an increase in goodwill of $0.5 million.

Schedule of Intangible Assets

Intangibles consists of the following:

	As of December 31, 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		21,440		(1,785	)		19,655
Management and advisory contracts		151,166		(60,934	)		90,232
Technology		8,160		(6,639	)		1,521
Total finite-lived intangible assets		180,766		(69,358	)		111,408
Total intangible assets	$	198,146	$	(69,358	)	$	128,788

	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:

2022	$	24,639
2023		21,155
2024		17,590
2025		13,807
2026		10,878
Thereafter		23,339
Total amortization	$	111,408