XML 61 R47.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Amount Of Goodwill And Intangible Assets

The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands):

 

 

 

December 31,
2020

 

 

Adjustments

 

 

Write-off

 

 

December 31,
2021

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

335,009

 

 

$

 

 

$

 

 

$

335,009

 

Institutional Group

 

 

846,989

 

 

 

124,894

 

 

 

 

 

 

971,883

 

 

 

$

1,181,998

 

 

$

124,894

 

 

$

 

 

$

1,306,892

 

 

 

 

December 31,
2020

 

 

Adjustments

 

 

Amortization

 

 

December 31,
2021

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

44,671

 

 

$

 

 

$

(5,787

)

 

$

38,884

 

Institutional Group

 

 

96,313

 

 

 

25,361

 

 

 

(12,401

)

 

 

109,273

 

 

 

$

140,984

 

 

$

25,361

 

 

$

(18,188

)

 

$

148,157

 

Intangible Assets Intangible assets as of December 31, 2021 and 2020, were as follows (in thousands):

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

Customer relationships

 

$

225,900

 

 

$

97,054

 

 

$

202,342

 

 

$

85,152

 

Trade names

 

 

30,359

 

 

 

17,694

 

 

 

28,659

 

 

 

15,660

 

Non-compete agreements

 

 

9,240

 

 

 

5,684

 

 

 

9,240

 

 

 

4,229

 

Core deposits

 

 

8,615

 

 

 

6,277

 

 

 

8,615

 

 

 

4,809

 

Investment banking backlog

 

 

4,245

 

 

 

3,680

 

 

 

4,245

 

 

 

2,734

 

Acquired technology

 

 

840

 

 

 

653

 

 

 

840

 

 

 

373

 

 

 

$

279,199

 

 

$

131,042

 

 

$

253,941

 

 

$

112,957

 

Amortization Expense In Future Periods As of December 31, 2021, we expect amortization expense in future periods to be as follows (in thousands):

 

Fiscal year

 

 

 

2022

 

$

19,417

 

2023

 

 

16,181

 

2024

 

 

15,393

 

2025

 

 

13,358

 

2026

 

 

12,895

 

Thereafter

 

 

68,795

 

 

 

$

146,039