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Goodwill and Other Intangible Assets, Net
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net GOODWILL AND OTHER INTANGIBLE ASSETS, NET
A summary of changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2023 and 2022 were as follows (in thousands): 
Financial
Services
Benefits and
Insurance
Services
National
Practices
Total
Goodwill
Gross $470,732 $320,125 $33,873 $824,730 
Accumulated impairment $(44,047)$(7,733)$(32,207)$(83,987)
Net at December 31, 2021$426,685 $312,392 $1,666 $740,743 
Additions79,147 — — 79,147 
Divestitures and other adjustments27 — — 27 
Gross549,906 320,125 33,873 903,904 
Accumulated impairment(44,047)(7,733)(32,207)(83,987)
Net at December 31, 2022$505,859 $312,392 $1,666 $819,917 
Additions41,322 3,932 — 45,254 
Divestitures and other adjustments— — 
Gross591,237 324,057 33,873 949,167 
Accumulated impairment(44,047)(7,733)(32,207)(83,987)
Net at December 31, 2023$547,190 $316,324 $1,666 $865,180 
We review goodwill at the reporting unit level at least annually, as of November 1, for impairment. We had five reporting units at November 1, 2023. No goodwill impairment was recognized as a result of the annual evaluation.
The components of goodwill and other intangible assets, net at December 31, 2023 and 2022 were as follows (in thousands):
 20232022
Goodwill$865,180 $819,917 
Intangibles :
Client lists338,237 302,822 
Other intangibles11,481 11,463 
Total intangibles349,718 314,285 
Total goodwill and other intangibles assets1,214,898 1,134,202 
Accumulated amortization:
Client lists(196,412)(173,286)
Other intangibles(9,882)(9,214)
Total accumulated amortization(206,294)(182,500)
Goodwill and other intangible assets, net$1,008,604 $951,702 
Amortization expense for client lists and other intangible assets was $23.8 million, $21.7 million and $16.3 million in 2023, 2022 and 2021, respectively. The weighted-average useful lives of total intangible assets, client lists and other intangible assets were 7.4 years, 7.4 years and 5.2 years, respectively, as of December 31, 2023. Other intangible assets are amortized over periods ranging from 3 to 15 years. Based on the amount of intangible assets subject to amortization at December 31, 2023, the estimated amortization expense is $22.8 million for 2024, $21.4 million for 2025, $19.4 million for 2026, $18.3 million for 2027, $16.3 million for 2028, and $45.1 million thereafter.