Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

Goodwill

The Company's goodwill by segment is as follows:

	September 30, 2022		December 31, 2021
Executive Search
Americas	$	91,212	$	91,463
Europe	1,328		1,532
Total Executive Search	92,540		92,995
On-Demand Talent	45,529		45,529
Total goodwill	$	138,069	$	138,524

Changes in the carrying amount of goodwill by segment for the nine months ended September 30, 2022, are as follows:

	Executive Search						On-Demand Talent
	Americas		Europe		Asia Pacific				Total
Goodwill	$	91,463	$	26,007	$	8,495	$	45,529	$	171,494
Accumulated impairment losses	—		(24,475)		(8,495)		—		(32,970)
Balance at December 31, 2021	91,463		1,532		—		45,529		138,524
Foreign currency translation	(251)		(204)		—		—		(455)
Goodwill	91,212		25,803		8,495		45,529		171,039
Accumulated impairment losses	—		(24,475)		(8,495)		—		(32,970)
Balance at September 30, 2022	$	91,212	$	1,328	$	—	$	45,529	$	138,069

Other Intangible Assets, net

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

	September 30, 2022		December 31, 2021
Executive Search
Americas	$	58	$	103
Europe	241		463
Asia Pacific	18		33
Total Executive Search	317		599
On-Demand Talent	6,681		8,570
Total other intangible assets, net	$	6,998	$	9,169

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

	Weighted Average Life (Years)	September 30, 2022						December 31, 2021
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Client relationships	10.7	$	20,807	$	(16,022)	$	4,785	$	22,127	$	(16,495)	$	5,632
Trade name	3.1	2,369		(1,711)		658		2,441		(1,237)		1,204
Software	3.0	3,110		(1,555)		1,555		3,110		(777)		2,333
Total intangible assets	8.3	$	26,286	$	(19,288)	$	6,998	$	27,678	$	(18,509)	$	9,169

Intangible asset amortization expense for each of the three months ended September 30, 2022 and 2021 was $0.8 million. Intangible asset amortization expense for the nine months ended September 30, 2022 and 2021 was $2.4 million and $1.8 million, respectively.

The Company's estimated future amortization expense related to intangible assets as of September 30, 2022, for the following years ended December 31 is as follows:

2022	$	685
2023	2,711
2024	1,146
2025	759
2026	527
Thereafter	1,170
Total	$	6,998