GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETSGoodwill was $362,466 and $250,568 as of March 31, 2022 and December 31, 2021, respectively.

The changes in the carrying amount of goodwill for the three months ended March 31, 2022 were as follows:

	Capital Markets Segment		Wealth Management Segment		Auction and Liquidation Segment		Financial Consulting Segment		Principal Investments- Communications and Other Segment		Total
Balance as of December 31, 2021	$	51,338	$	51,195	$	1,975	$	23,680	$	122,380	$	250,568
Goodwill acquired during the period:
Acquisition of other business	110,612		—		—		—		1,286		111,898
Balance as of March 31, 2022	$	161,950	$	51,195	$	1,975	$	23,680	$	123,666	$	362,466

Intangible assets consisted of the following:

		As of March 31, 2022						As of December 31, 2021
	Useful Life	Gross Carrying Value		Accumulated Amortization		Intangibles Net		Gross Carrying Value		Accumulated Amortization		Intangibles Net
Amortizable assets:
Customer relationships	0.1 to 13 Years	$	135,401	$	65,235	$	70,166	$	130,801	$	59,671	$	71,130
Domain names	7 years	185		149		36		185		143		42
Advertising relationships	8 years	100		72		28		100		69		31
Internally developed software and other intangibles	0.5 to 5 Years	18,455		9,626		8,829		15,275		8,820		6,455
Trademarks	3 to 10 Years	9,669		2,089		7,580		6,369		1,652		4,717
Total		163,810		77,171		86,639		152,730		70,355		82,375
Non-amortizable assets:
Tradenames		125,276		—		125,276		125,276		—		125,276
Total intangible assets		$	289,086	$	77,171	$	211,915	$	278,006	$	70,355	$	207,651

Amortization expense was $6,816 and $5,886 during the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, estimated future amortization expense was $19,268, $19,873, $15,757, $11,322, and $10,473 for the years ended December 31, 2022 (remaining nine months), 2023, 2024, 2025 and 2026, respectively. The estimated future amortization expense after December 31, 2026 was $9,946.