Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount of Goodwill and Intangible Assets

The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands):

	December 31, 2021		Adjustments		Write-off		June 30, 2022
Goodwill
Global Wealth Management	$	335,009	$	—	$	—	$	335,009
Institutional Group		971,883		2,400		—		974,283
	$	1,306,892	$	2,400	$	—	$	1,309,292

	December 31, 2021		Adjustments			Amortization			June 30, 2022
Intangible assets
Global Wealth Management	$	38,884	$	—		$	(2,763	)	$	36,121
Institutional Group		109,273		(2,713	)		(7,815	)		98,745
	$	148,157	$	(2,713	)	$	(10,578	)	$	134,866

Intangible Assets

Intangible assets as of June 30, 2022 and December 31, 2021 were as follows (in thousands):

	June 30, 2022				December 31, 2021
	Gross Carrying Value		Accumulated    Amortization		Gross Carrying Value		Accumulated    Amortization
Customer relationships	$	222,163	$	103,196	$	225,900	$	97,054
Trade names		30,359		19,404		30,359		17,694
Non-compete agreements		9,240		6,372		9,240		5,684
Core deposits		8,615		6,878		8,615		6,277
Investment banking backlog		4,245		3,953		4,245		3,680
Acquired technology		840		793		840		653
	$	275,462	$	140,596	$	279,199	$	131,042

Amortization Expense in Future Periods

As of June 30, 2022, we expect amortization expense in future periods to be as follows (in thousands):

Fiscal year
Remainder of 2022	$	8,983
2023		15,940
2024		15,060
2025		13,046
2026		12,654
Thereafter		67,065
	$	132,748