Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amounts of Goodwill by Operating Segment

The table below summarizes the changes in the carrying amount of goodwill by reportable segment.



	Corporate Finance			FLC			Economic Consulting			Technology			Strategic Communications			Total
Balance at December 31, 2017
Goodwill	$	454,816		$	233,719		$	268,995		$	117,740		$	323,672		$	1,398,942
Accumulated goodwill impairment	—			—			—			—			(194,139		)	(194,139		)
Goodwill, net at December 31, 2017	454,816			233,719			268,995			117,740			129,533			1,204,803
Sale of business ⁽¹⁾	—			—			—			(20,928		)	—			(20,928		)
Foreign currency translation adjustment and other	(3,819		)	(2,182		)	(448		)	(89		)	(5,021		)	(11,559		)
Balance at December 31, 2018
Goodwill	450,997			231,537			268,547			96,723			318,651			1,366,455
Accumulated goodwill impairment	—			—			—			—			(194,139		)	(194,139		)
Goodwill, net at December 31, 2018	450,997			231,537			268,547			96,723			124,512			1,172,316
Acquisitions ⁽²⁾	27,389			—			—			—			—			27,389
Foreign currency translation adjustment and other	456			583			130			47			1,846			3,062
Balance at December 31, 2019
Goodwill	478,842			232,120			268,677			96,770			320,497			1,396,906
Accumulated goodwill impairment	—			—			—			—			(194,139		)	(194,139		)
Goodwill, net at December 31, 2019	$	478,842		$	232,120		$	268,677		$	96,770		$	126,358		$	1,202,767


⁽¹⁾	During the year ended December 31, 2018, we sold a business within our Technology segment for proceeds of $50.3 million. We wrote off $20.9 million in goodwill as a result of the sale.

⁽²⁾

During the year ended December 31, 2019, we acquired a restructuring business that was assigned to the Corporate Finance segment. We recorded $27.4 million in goodwill based on a preliminary purchase price allocation as a result of the acquisition. We have included the results of the acquired business’s operations in the Corporate Finance segment since its acquisition date.

Schedule of Other Intangible Assets Amortized Intangibles

Other intangible assets were as follows:



		December 31, 2019						December 31, 2018
	Weighted Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets
Customer relationships ⁽¹⁾	14.2	$	99,613	$	76,808	$	22,805	$	99,080	$	71,036	$	28,044
Trademarks ⁽¹⁾	6.0	9,855		653		9,202		—		—		—
Acquired software and other ⁽¹⁾	9.1	3,386		2,061		1,325		3,107		1,618		1,489
	13.4	112,854		79,522		33,332		102,187		72,654		29,533
Non-amortizing intangible assets
Trademarks	Indefinite	5,100		—		5,100		5,100		—		5,100
Total		$	117,954	$	79,522	$	38,432	$	107,287	$	72,654	$	34,633

⁽¹⁾

During the year ended December 31, 2019, we acquired a restructuring business and its related intangible assets that were assigned to the Corporate Finance segment.

Schedule of Other Intangible Assets Unamortized Intangibles

Other intangible assets were as follows:



		December 31, 2019						December 31, 2018
	Weighted Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets
Customer relationships ⁽¹⁾	14.2	$	99,613	$	76,808	$	22,805	$	99,080	$	71,036	$	28,044
Trademarks ⁽¹⁾	6.0	9,855		653		9,202		—		—		—
Acquired software and other ⁽¹⁾	9.1	3,386		2,061		1,325		3,107		1,618		1,489
	13.4	112,854		79,522		33,332		102,187		72,654		29,533
Non-amortizing intangible assets
Trademarks	Indefinite	5,100		—		5,100		5,100		—		5,100
Total		$	117,954	$	79,522	$	38,432	$	107,287	$	72,654	$	34,633

⁽¹⁾

During the year ended December 31, 2019, we acquired a restructuring business and its related intangible assets that were assigned to the Corporate Finance segment.

Schedule of Future Amortization Expense Intangible Assets

We estimate our future amortization expense for our intangible assets with a finite life to be as follows:



	As of December 31, 2019 ⁽¹⁾
Year	As of December 31, 2019 ⁽¹⁾
2020	$	9,393
2021	8,861
2022	7,028
2023	3,604
2024	2,207
Thereafter	2,239
	$	33,332

⁽¹⁾

Actual amortization expense to be reported in future periods could differ from these estimates as a result of new intangible asset acquisitions, changes in useful lives, or other relevant factors or changes.