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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
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 (1)
FLC (1)
Economic
Consulting (1)
Technology (1)
Strategic
Communications (2)
Total
Balance at December 31, 2019$478,842 $232,120 $268,677 $96,770 $126,358 $1,202,767 
Acquisitions (3)
20,632 — — — — 20,632 
Foreign currency translation adjustment and other6,598 1,254 410 51 3,167 11,480 
Balance at December 31, 2020$506,072 $233,374 $269,087 $96,821 $129,525 $1,234,879 
Acquisitions (3)
— 5,493 — — — 5,493 
Foreign currency translation adjustment and other(5,026)(938)(229)(10)(1,378)(7,581)
Balance at December 31, 2021$501,046 $237,929 $268,858 $96,811 $128,147 $1,232,791 
(1)There were no accumulated impairment losses for the Corporate Finance, FLC, Economic Consulting or Technology segments as of December 31, 2021, 2020 and 2019.
(2)Amounts for our Strategic Communications segment include gross carrying values of $322.3 million, $323.7 million and $320.5 million as of December 31, 2021, 2020 and 2019, respectively, and accumulated impairment losses of $194.1 million representing the aggregate impairment charges for the years ended December 31, 2021, 2020 and 2019.
(3)During the years ended December 31, 2021 and 2020, we acquired certain assets of businesses that were assigned to the FLC and Corporate Finance segments, respectively. We recorded $5.5 million and $20.6 million in goodwill as a result of the acquisitions in 2021 and 2020, respectively. We have included the results of the acquired businesses' operations in the FLC and Corporate Finance segments since the acquisition dates.
Schedule of Other Intangible Assets Amortized Intangibles
Intangible assets were as follows:
  December 31, 2021December 31, 2020
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)
13.4$83,101 $63,124 $19,977 $111,556 $85,180 $26,376 
Trademarks (1)
5.610,965 4,732 6,233 11,809 2,768 9,041 
Acquired software and other9.63,114 2,434 680 3,618 2,585 1,033 
12.497,180 70,290 26,890 126,983 90,533 36,450 
Non-amortizing intangible assets
TrademarksIndefinite5,100 — 5,100 5,100 — 5,100 
Total$102,280 $70,290 $31,990 $132,083 $90,533 $41,550 
(1)During the year ended December 31, 2021, we acquired certain assets of a business, and its related intangible assets were assigned to the FLC segment.
Schedule of Other Intangible Assets Unamortized Intangibles
Intangible assets were as follows:
  December 31, 2021December 31, 2020
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)
13.4$83,101 $63,124 $19,977 $111,556 $85,180 $26,376 
Trademarks (1)
5.610,965 4,732 6,233 11,809 2,768 9,041 
Acquired software and other9.63,114 2,434 680 3,618 2,585 1,033 
12.497,180 70,290 26,890 126,983 90,533 36,450 
Non-amortizing intangible assets
TrademarksIndefinite5,100 — 5,100 5,100 — 5,100 
Total$102,280 $70,290 $31,990 $132,083 $90,533 $41,550 
(1)During the year ended December 31, 2021, we acquired certain assets of a business, and its related intangible assets were assigned to the FLC segment.
Schedule of Future Amortization Expense Intangible Assets
We estimate our future amortization expense for our intangible assets with finite lives to be as follows:
As of
December 31, 2021 (1)
Year
2022$8,805 
20235,077 
20243,639 
20252,979 
20261,758 
Thereafter4,632 
$26,890 
(1)Actual amortization expense to be reported in future periods could differ from these estimates as a result of new intangible asset acquisitions, impairments, changes in useful lives, or other relevant factors or changes.