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SEGMENT AND GEOGRAPHICAL INFORMATION | 12 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
SEGMENT AND GEOGRAPHICAL INFORMATION | Segment and Geographical Information The Company’s reportable segments are described in Note 1 and each are individually managed and provide separate services that require specialized expertise for the provision of those services. Revenues by segment represent fees earned on the various services offered within each segment. Segment profit consists of segment revenues, less (1) direct expenses including compensation, travel, meals and entertainment, professional fees, and bad debt and (2) expenses allocated by headcount such as communications, rent, depreciation and amortization, and office expense. The corporate expense category includes costs not allocated to individual segments, including charges related to incentive compensation and share-based payments to corporate employees, as well as expenses of senior management and corporate departmental functions managed on a worldwide basis, including office of the executives, accounting, human capital, marketing, information technology, and compliance and legal. The following tables present information about revenues, profit and assets by segment and geography.
| Year Ended March 31,
| 2022 |  | 2021 |  | 2020
Revenues by segment: |  |  |  |  |
Corporate Finance | $ | 1,593,083 |  |  | $ | 802,853 |  |  | $ | 646,788 |
Financial Restructuring | 392,818 |  |  | 534,747 |  |  | 352,517 |
Financial and Valuation Advisory | 284,057 |  |  | 187,852 |  |  | 160,063 |
Revenues | $ | 2,269,958 |  |  | $ | 1,525,452 |  |  | $ | 1,159,368 |
Segment profit (1) |  |  |  |  |
Corporate Finance | $ | 606,268 |  |  | $ | 250,513 |  |  | $ | 179,660 |
Financial Restructuring | 100,882 |  |  | 224,215 |  |  | 107,714 |
Financial and Valuation Advisory | 88,136 |  |  | 46,642 |  |  | 35,172 |
Total segment profit | 795,286 |  |  | 521,370 |  |  | 322,546 |
Corporate expenses (2) | 182,422 |  |  | 113,213 |  |  | 92,945 |
Other (income)/expense, net | 8,926 |  |  | (1,071) |  |  | (6,046) |
Income before provision for income taxes | $ | 603,938 |  |  | $ | 409,228 |  |  | $ | 235,647 |
(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, 2022 |  | March 31, 2021 |  | March 31, 2020
Assets by segment |  |  |  |  |
Corporate Finance | $ | 994,623 |  |  | $ | 575,241 |  |  | $ | 403,147 |
Financial Restructuring | 178,148 |  |  | 181,239 |  |  | 186,418 |
Financial and Valuation Advisory | 155,853 |  |  | 136,761 |  |  | 127,440 |
Total segment assets | 1,328,624 |  |  | 893,241 |  |  | 717,005 |
Corporate assets | 1,558,186 |  |  | 1,532,826 |  |  | 959,998 |
Total assets | $ | 2,886,810 |  |  | $ | 2,426,067 |  |  | $ | 1,677,003 |
| Year Ended March 31,
| 2022 |  | 2021 |  | 2020
Income before provision for income taxes by geography |  |  |  |  |
United States | $ | 424,358 |  |  | $ | 321,639 |  |  | $ | 184,883 |
International | 179,580 |  |  | 87,589 |  |  | 50,764 |
Income before provision for income taxes | $ | 603,938 |  |  | $ | 409,228 |  |  | $ | 235,647 |
| Year Ended March 31,
| 2022 |  | 2021 |  | 2020
Revenues by geography: |  |  |  |  |
United States | $ | 1,690,708 |  |  | $ | 1,192,720 |  |  | $ | 975,075 |
International | 579,250 |  |  | 332,732 |  |  | 184,293 |
Revenues | $ | 2,269,958 |  |  | $ | 1,525,452 |  |  | $ | 1,159,368 |
| March 31, 2022 |  | March 31, 2021 |  | March 31, 2020
Assets by geography |  |  |  |  |
United States | $ | 2,032,390 |  |  | $ | 1,837,332 |  |  | $ | 1,135,871 |
International | 854,420 |  |  | 588,735 |  |  | 541,132 |
Total assets | $ | 2,886,810 |  |  | $ | 2,426,067 |  |  | $ | 1,677,003 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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