GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The components of goodwill and other intangible assets at September 30, 2023 and December 31, 2022 are presented below:


	September 30, 2023		December 31, 2022
Goodwill	$	373,009	$	356,369
Other intangible assets (net of accumulated amortization)	45		90
	$	373,054	$	356,459

At September 30, 2023 and December 31, 2022, goodwill of $291,739 and $291,828, respectively, was attributable to the Company’s Financial Advisory segment and, goodwill of $81,270 and $64,541, respectively, was attributable to the Company’s Asset Management segment.

Changes in the carrying amount of goodwill for the nine month periods ended September 30, 2023 and 2022 are as follows:


	Nine Months Ended September 30,
	2023		2022
Balance, January 1	$	356,369	$	357,187
Acquisition of business	16,729		-
Foreign currency translation adjustments	(89)		(1,956)
Balance, September 30	$	373,009	$	355,231

The acquisition in the nine month period ended September 30, 2023 was attributable to the Company’s Asset Management segment. All other changes in the carrying amount of goodwill for the nine month periods ended September 30, 2023 and 2022 are attributable to the Company’s Financial Advisory segment.

Amortization expense of intangible assets, included in “amortization and other acquisition-related costs” in the condensed consolidated statements of operations, for both the three month and nine month periods ended September 30, 2023 and 2022 was $15 and $45, respectively

Lazard Group LLC 10-Q