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Acquisition (Tables)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Portico    
Business Acquisition [Line Items]    
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The table below summarizes the purchase price allocation of net tangible and intangible assets acquired and liabilities assumed as of December 16, 2021:
(dollars in thousands)
Cash$5,089 
Operating lease right-of-use assets2,707 
Fixed assets
Intangible assets19,900 
Other assets514 
Operating lease liabilities(2,707)
Other liabilities(401)
Total net identifiable assets acquired and liabilities assumed25,110 
Goodwill86,921 
Total estimated purchase price$112,031 
 
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class The allocation of the intangible assets is shown within the following table:
 Estimated intangible assets acquiredEstimated average remaining useful lives
(dollars in thousands)(in years)
Intangible asset class
Trade name $400 1
Customer relationships13,400 4
Backlog6,100 1
Total intangible assets$19,900 
 
Finite-lived Intangible Assets Amortization Expense The estimated amortization expense related to these intangible assets in future periods is as follows:
 (dollars in thousands)
2022$9,579 
20233,350 
20243,350 
20253,210 
2026— 
Thereafter— 
$19,489 
 
Cowen Insurance    
Business Acquisition [Line Items]    
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The table below summarizes the purchase price allocation of net tangible and intangible assets acquired and liabilities assumed as of February 26, 2021:
(dollars in thousands)
Cash$14,844 
Securities owned, at fair value1,571 
Fixed assets30 
Intangible assets4,794 
Other assets12,828 
Compensation payable(17)
Other liabilities(16,099)
Total net identifiable assets acquired and liabilities assumed17,951 
Bargain purchase gain(5,216)
Total estimated purchase price$12,735 
 
Finite-lived Intangible Assets Amortization Expense As of December 31, 2021, the estimated amortization expense related to these intangible assets in future periods is as follows:
 (dollars in thousands)
2022458 
2023458 
2024458 
2025458 
2026458 
Thereafter2,124 
$4,414 
 
MHT Partners    
Business Acquisition [Line Items]    
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed   The table below summarizes the purchase price allocation of net tangible and intangible assets acquired and liabilities assumed as of October 1, 2020:
(dollars in thousands)
Fixed assets$101 
Operating lease right-of-use assets1,120 
Intangible assets1,224 
Other assets43 
Compensation payable(533)
Operating lease liabilities(1,446)
Total net identifiable assets acquired and liabilities assumed509 
Goodwill9,356 
Total estimated purchase price$9,865 
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class   The allocation of the intangible assets is shown within the following table:
 Estimated intangible assets acquiredEstimated average remaining useful lives
(dollars in thousands)(in years)
Intangible asset class
Trade name $131 3
Customer relationships749 4
Non-compete agreements 344 5
Total intangible assets$1,224 
Finite-lived Intangible Assets Amortization Expense The estimated amortization expense related to these intangible assets in future periods is as follows:
 (dollars in thousands)
2022$300 
2023289 
2024209 
202552 
2026— 
Thereafter— 
$850