Goodwill and Identifiable Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Identifiable Intangible Assets

Goodwill and Identifiable Intangible Assets

7.           Goodwill and Identifiable Intangible Assets

Goodwill represents the excess of purchase price over the tangible assets and identifiable intangible assets of an acquired business.  Our goodwill is not deductible for tax purposes.  The Company performs an annual goodwill impairment assessment during the second quarter of each year and identified no impairment during the current year’s assessment.   Goodwill and identifiable intangible assets (all considered indefinite-lived) at December 31, 2020 and 2019 are as follows:

	December 31,		December 31,
	2020		2019
	(in thousands)
Goodwill	$	106,970	106,970
Mutual fund management advisory contracts		38,699	38,699
Other		200	200
Total identifiable intangible assets		38,899	38,899
Total	$	145,869	145,869