Goodwill (Tables)

9 Months Ended

Sep. 30, 2021

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 September 30, 2021 and December 31, 2020:

		Investment Bank		Cowen Investment Management		Asset Co		Total
	(dollars in thousands)
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: Year ended December 31, 2020
Recognized goodwill		9,356		—		—		9,356
Goodwill impairment charges		—		—		—		—
Beginning balance: December 31, 2020
Goodwill		141,843		22,705		—		164,548
Accumulated impairment charges		(9,485)		(7,979)		—		(17,464)
Net		132,358		14,726		—		147,084
Activity: Nine months ended September 30, 2021
Recognized goodwill		—		—		—		—
Goodwill impairment charges		—		—		—		—
Ending balance: September 30, 2021
Goodwill		141,843		22,705		—		164,548
Accumulated impairment charges		(9,485)		(7,979)		—		(17,464)
Net		$	132,358	$	14,726	$	—	$	147,084