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Goodwill And Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill

Changes in the carrying value of goodwill consist of the following:

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Balance, Beginning of Year

 

$

75,769

 

 

$

68,873

 

Goodwill Acquired (a)

 

 

 

 

 

6,896

 

Measurement Period Adjustment (b)

 

 

(3,483

)

 

 

 

Balance, End of Year

 

$

72,286

 

 

$

75,769

 

(a)

The change in carrying amount of goodwill was the result of the business combination disclosed in Note 4. “Business Combinations.”

(b)

During the year ended December 31, 2016, the Company recorded a $3.5 million measurement period adjustment related to the acquisition of PJT Capital LP.

Schedule of Intangible Assets, Net

Intangible Assets, Net consists of the following:

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Finite-Lived Intangible Assets

 

 

 

 

 

 

 

 

Customer Relationships

 

$

26,476

 

 

$

26,476

 

Client Backlog

 

 

 

 

 

7,600

 

Trade Name

 

 

5,700

 

 

 

5,700

 

Client Mandates and Other

 

 

1,276

 

 

 

1,483

 

Total Intangible Assets

 

 

33,452

 

 

 

41,259

 

Accumulated Amortization

 

 

(18,739

)

 

 

(17,613

)

Intangible Assets, Net (a)

 

$

14,713

 

 

$

23,646

 

(a)

Excludes fully amortized intangible assets.

Schedule of Changes in Intangible Assets, Net

Changes in the Company’s Intangible Assets, Net consist of the following:

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Balance, Beginning of Year

 

$

23,646

 

 

$

19,797

 

 

$

22,450

 

Additions

 

 

 

 

 

14,805

 

 

 

 

Amortization Expense

 

 

(8,870

)

 

 

(10,939

)

 

 

(2,653

)

Translation Adjustments

 

 

(63

)

 

 

(17

)

 

 

 

Balance, End of Year

 

$

14,713

 

 

$

23,646

 

 

$

19,797