Goodwill and Intangibles (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangibles [Abstract]

Schedule of Goodwill

The following table presents the changes in the Company's goodwill balance, by reporting unit for the periods ended December 31, 2020 and 2019:

	Investment Management		Investment Bank		Cowen Investment Management		Asset Co		Total
	(dollars in thousands)
Beginning balance - December 31, 2018
Goodwill	$	29,026	$	51,337	$	—	$	—	80,363
Accumulated impairment charges	(10,200)		(9,485)		—		—		(19,685)
Net	18,826		41,852		—		—		60,678
Activity: 2019
Recognized goodwill (See note 3)	—		81,150		—		—		81,150
Realignment of segment goodwill:
Goodwill	(29,026)		—		22,705		6,321		—
Accumulated impairment charges	10,200		—		(7,979)		(2,221)		—
Goodwill impairment charges	—		—		—		(4,100)		(4,100)
Beginning balance: December 31, 2019
Goodwill	—		132,487		22,705		6,321		161,513
Accumulated impairment charges	—		(9,485)		(7,979)		(6,321)		(23,785)
Net	—		123,002		14,726		—		137,728
Activity: 2020
Recognized goodwill (See note 3)	—		9,356		—		—		9,356
Goodwill impairment charges	—		—		—		—		—
Ending balance: December 31, 2020
Goodwill	—		141,843		22,705		6,321		170,869
Accumulated impairment charges	—		(9,485)		(7,979)		(6,321)		(23,785)
Net	$	—	$	132,358	$	14,726	$	—	$	147,084

Schedule of Finite-Lived Intangible Assets

Information for the Company's intangible assets that are subject to amortization is presented below as of December 31, 2020 and 2019.

		December 31, 2020						December 31, 2019
	Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in years)	(in thousands)						(in thousands)
Trade names	3	$	1,031	$	(611)	$	420	$	960	$	(360)	$	600
Customer relationships	2 - 14	52,040		(32,154)		19,886		51,724		(21,065)		30,659
Non-compete agreements and covenants with limiting conditions acquired	5	344		(17)		327		400		(347)		53
Intellectual property	8	2,972		(328)		2,644		1,188		(119)		1,069
Acquired software	3 - 10	5,900		(4,774)		1,126		7,323		(4,504)		2,819
		$	62,287	$	(37,884)	$	24,403	$	61,595	$	(26,395)	$	35,200

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated future amortization expense for the Company's intangible assets placed in service as of December 31, 2020 is as follows:

	(dollars in thousands)
2021	$	6,828
2022	5,439
2023	3,432
2024	3,172
2025	2,148
Thereafter	3,384
	$	24,403