Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

Goodwill

The Company's goodwill by segment is as follows:

	September 30, 2021		December 31, 2020
Executive Search
Americas	$	91,518	$	91,643
Total Executive Search	91,518		91,643
On-Demand Talent	45,529		—
Total goodwill	$	137,047	$	91,643

Changes in the carrying amount of goodwill by segment for the nine months ended September 30, 2021, are as follows:

	Executive Search						On-Demand Talent
	Americas		Europe		Asia Pacific				Total
Goodwill	$	91,643	$	24,475	$	8,495	$	—	$	124,613
Accumulated impairment losses	—		(24,475)		(8,495)		—		(32,970)
Balance at December 31, 2020	91,643		—		—		—		91,643
BTG acquisition	—		—		—		45,529		45,529
Foreign currency translation	(125)		—		—		—		(125)
Balance at September 30, 2021	$	91,518	$	—	$	—	$	45,529	$	137,047

In April 2021, the Company acquired BTG and included $45.5 million of goodwill related to the acquisition in the On-Demand Talent operating segment.

Other Intangible Assets, net

The Company’s other intangible assets, net by segment, are as follows:

	September 30, 2021		December 31, 2020
Executive Search
Americas	$	122	$	225
Europe	544		852
Asia Pacific	37		52
Total Executive Search	703		1,129
On-Demand Talent	9,520		—
Total other intangible assets, net	$	10,223	$	1,129

In April 2021, the Company acquired BTG and recorded customer relationships, software and trade name intangible assets in the On-Demand Talent operating segment of $5.8 million, $3.1 million and $1.7 million, respectively. The combined weighted-average amortization period for the acquired intangible assets is 7.4 years with amortization periods of 11.0, 3.0 and 3.0 years for the customer relationships, software and trade name, respectively.

The carrying amount of amortizable intangible assets and the related accumulated amortization are as follows:

	Weighted Average Life (Years)	September 30, 2021						December 31, 2020
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Client relationships	10.5	$	22,144	$	(16,000)	$	6,144	$	16,600	$	(15,587)	$	1,013
Trade name	3.1	2,445		(958)		1,487		280		(164)		116
Software	3.0	3,110		(518)		2,592		—		—		—
Total intangible assets	7.5	$	27,699	$	(17,476)	$	10,223	$	16,880	$	(15,751)	$	1,129

Intangible asset amortization expense for the three months ended September 30, 2021 and 2020 was $0.8 million and $0.2 million, respectively. Intangible amortization expense for the nine months ended September 30, 2021 and 2020 was $1.8 million and $0.6 million, respectively.

The Company's estimated future amortization expense related to intangible assets as of September 30, 2021, for the years ended December 31 is as follows:

2021	$	626
2022	2,763
2023	2,885
2024	1,346
2025	801
Thereafter	1,802
Total	$	10,223