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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Components of Goodwill and Other Intangible Assets

The components of goodwill and other intangible assets at December 31, 2019 and 2018 are presented below:

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Goodwill

 

$

371,773

 

 

$

371,561

 

Other intangible assets (net of accumulated

   amortization)

 

 

1,821

 

 

 

3,757

 

 

 

$

373,594

 

 

$

375,318

 

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the years ended December 31, 2019, 2018 and 2017 are as follows:

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Balance, January 1

 

$

371,561

 

 

$

385,292

 

 

$

373,117

 

Foreign currency translation adjustments

 

 

212

 

 

 

(13,731

)

 

 

12,175

 

Balance, December 31

 

$

371,773

 

 

$

371,561

 

 

$

385,292

 

Gross Cost and Accumulated Amortization of Other Intangible Assets

The gross cost and accumulated amortization of other intangible assets as of December 31, 2019 and 2018, by major intangible asset category, are as follows:

 

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

Gross

Cost

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Cost

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Success/incentive fees

 

$

35,338

 

 

$

33,840

 

 

$

1,498

 

 

$

35,232

 

 

$

32,235

 

 

$

2,997

 

Management fees, customer relationships and

   non-compete agreements

 

 

34,788

 

 

 

34,465

 

 

 

323

 

 

 

34,474

 

 

 

33,714

 

 

 

760

 

 

 

$

70,126

 

 

$

68,305

 

 

$

1,821

 

 

$

69,706

 

 

$

65,949

 

 

$

3,757

 

Estimated Future Amortization Expense Estimated future amortization expense is as follows:

Year Ending December 31,

 

Amortization

Expense

 

2020

 

$

1,611

 

2021

 

 

60

 

2022

 

 

60

 

2023

 

 

60

 

2024

 

 

30

 

Total amortization expense

 

$

1,821