Goodwill and Intangibles (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in goodwill for the six months ended June 30, 2024 are as follows:

Balance at December 31, 2023	$	506,038
Increase from acquisitions		-
Balance at June 30, 2024	$	506,038

Schedule of Intangible Assets

Intangibles consists of the following:

	As of June 30, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Indefinite-lived intangible assets:
Trade names	$	17,375	$	—		$	17,375
Technology		30		—			30
Total indefinite-lived intangible assets		17,405		—			17,405
Finite-lived intangible assets:
Trade names		28,240		(7,055	)		21,185
Management and advisory contracts		194,666		(123,184	)		71,482
Technology		2,380		(2,132	)		248
Total finite-lived intangible assets		225,286		(132,371	)		92,915
Total intangible assets	$	242,691	$	(132,371	)	$	110,320

	As of December 31, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Indefinite-lived intangible assets:
Trade names	$	17,375	$	—		$	17,375
Technology		30		—			30
Total indefinite-lived intangible assets		17,405		—			17,405
Finite-lived intangible assets:
Trade names		28,240		(5,789	)		22,451
Management and advisory contracts		194,666		(111,873	)		82,793
Technology		2,380		(1,834	)		546
Total finite-lived intangible assets		225,286		(119,496	)		105,790
Total intangible assets	$	242,691	$	(119,496	)	$	123,195

Estimated Future Amortization Expense

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

2024	$	12,737
2025		21,269
2026		16,640
2027		13,307
2028		9,986
Thereafter		18,976
Total amortization	$	92,915