| Summary of Changes in Carrying Amount of Goodwill by Operating Segment |
A summary of changes in the carrying amount of goodwill by operating segment for the nine months ended September 30, 2026 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Financial
Services |
|
Benefits and
Insurance
Services |
|
National
Practice |
|
Total |
Gross Goodwill at December 31, 2025 |
|
$ |
2,039,675 |
|
|
$ |
340,238 |
|
|
$ |
33,873 |
|
|
$ |
2,413,786 |
|
Accumulated impairment |
|
|
(44,047 |
) |
|
|
(7,733 |
) |
|
|
(32,207 |
) |
|
|
(83,987 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill, Net at December 31, 2025 |
|
|
1,995,628 |
|
|
|
332,505 |
|
|
|
1,666 |
|
|
|
2,329,799 |
|
Additions |
|
|
11,470 |
|
|
|
— |
|
|
|
— |
|
|
|
11,470 |
|
Foreign Currency Translation |
|
|
(96 |
) |
|
|
— |
|
|
|
— |
|
|
|
(96 |
) |
Transfer - Gross goodwill(1) |
|
|
33,873 |
|
|
|
— |
|
|
|
(33,873 |
) |
|
|
— |
|
Transfer - Accumulated impairment(1) |
|
|
(32,207 |
) |
|
|
— |
|
|
|
32,207 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Goodwill at September 30, 2026 |
|
|
2,084,922 |
|
|
|
340,238 |
|
|
|
— |
|
|
|
2,425,160 |
|
Accumulated impairment |
|
|
(76,254 |
) |
|
|
(7,733 |
) |
|
|
— |
|
|
|
(83,987 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill, Net at September 30, 2026 |
|
$ |
2,008,668 |
|
|
$ |
332,505 |
|
|
$ |
— |
|
|
$ |
2,341,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(1) |
Reflects change in reporting units which is the transfer of the reporting unit previously included under the National Practice segment to the Financial Services segment during the nine months ended September 30, 2026. |
|