Heidrick performs routine evaluations of its goodwill and intangible assets each year as required by accounting standards. Its current view of the performance of the leadership consulting business, as well as the uncertainty around the pace and timing of growth in profitability as the company invests in talent and service offerings, are among the factors resulting in the impairment, the firm said. This non-cash impairment charge does not impact Heidrick's normal business operations, cash flow from operating activities, free cash flow, liquidity, or availability under its credit facilities, the firm said. In 2018, Leadership consulting is set to be combined with culture shaping as Heidrick Consulting.