XML 56 R40.htm IDEA: XBRL DOCUMENT v3.21.1
SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)
12 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Schedule of Revenue, Profit and Assets by Segment The following tables present information about revenues, profit and assets by segment and geography.
Year Ended March 31,
202120202019
Revenues by segment:
Corporate Finance$802,853 $646,788 $607,333 
Financial Restructuring534,747 352,517 317,774 
Financial and Valuation Advisory187,852 160,063 159,278 
Revenues$1,525,452 $1,159,368 $1,084,385 
Segment profit (1)
Corporate Finance$250,513 $179,660 $193,603 
Financial Restructuring224,215 107,714 83,607 
Financial and Valuation Advisory46,642 35,172 28,776 
Total segment profit521,370 322,546 305,986 
Corporate expenses (2)
113,213 92,945 86,889 
Other (income)/expense, net(1,071)(6,046)(5,223)
Income before provision for income taxes$409,228 $235,647 $224,320 
(1)We adjust the compensation expense for a business segment in situations where an employee residing in one business segment is performing work in another business segment where the revenues are accrued. Segment profit may vary significantly between periods depending on the levels of collaboration among the different segments.
(2)Corporate expenses represent expenses that are not allocated to individual business segments such as office of the executives, accounting, information technology, compliance, legal, marketing, and human capital.
March 31, 2021March 31, 2020March 31, 2019
Assets by segment
Corporate Finance$575,241 $403,147 $403,928 
Financial Restructuring181,239 186,418 184,364 
Financial and Valuation Advisory136,761 127,440 127,744 
Total segment assets893,241 717,005 716,036 
Corporate assets1,532,826 959,998 709,876 
Total assets$2,426,067 $1,677,003 $1,425,912 
Revenue and Income Before Provision for Income Taxes by Geographic Areas
Year Ended March 31,
202120202019
Income before provision for income taxes by geography
United States$321,639 $184,883 $176,850 
International87,589 50,764 47,470 
Income before provision for income taxes$409,228 $235,647 $224,320 
Year Ended March 31,
202120202019
Revenues by geography:
United States$1,192,720 $975,075 $878,840 
International332,732 184,293 205,545 
Revenues$1,525,452 $1,159,368 $1,084,385 
Assets by Geographic Areas
March 31, 2021March 31, 2020March 31, 2019
Assets by geography
United States$1,837,332 $1,135,871 $1,021,975 
International588,735 541,132 403,937 
Total assets$2,426,067 $1,677,003 $1,425,912