Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2021 and 2020:

	Investment Management		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: 2020
Recognized goodwill (See note 3)	—		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: 2021
Recognized goodwill (See note 3)	—		86,921		—		—		86,921
Goodwill impairment charges	—		—		—		—		—
Ending balance: December 31, 2021
Goodwill	—		228,764		22,705		—		251,469
Accumulated impairment charges	—		(9,485)		(7,979)		—		(17,464)
Net	$	—	$	219,279	$	14,726	$	—	$	234,005

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, 2021 and 2020.

		December 31, 2021						December 31, 2020
	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	1 - 3	$	1,431	$	(970)	$	461	$	1,031	$	(611)	$	420
Customer relationships	4 - 14	57,634		(25,121)		32,513		52,040		(32,154)		19,886
Backlog	1	6,100		(254)		5,846		—		—		—
Non-compete agreements and covenants with limiting conditions acquired	5	344		(86)		258		344		(17)		327
Intellectual property	8	6,020		(1,061)		4,959		2,972		(328)		2,644
Acquired software	3 - 10	5,857		(5,727)		130		5,900		(4,774)		1,126
		$	77,386	$	(33,219)	$	44,167	$	62,287	$	(37,884)	$	24,403

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, 2021 is as follows:

	(dollars in thousands)
2022	$	15,937
2023	7,762
2024	7,501
2025	6,337
2026	2,431
Thereafter	4,199
	$	44,167