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GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The following table provides a reconciliation of Goodwill and other intangibles, net reported on the Consolidated Balance Sheets.


	Useful Lives	March 31, 2022		March 31, 2021
Goodwill	Indefinite	$	1,070,442	$	671,065
Tradename-Houlihan Lokey	Indefinite	192,210		192,210
Other intangible assets	Varies	92,941		6,809
Total cost		1,355,593		870,084
Less: accumulated amortization		(37,818)		(3,863)
Goodwill and other intangibles, net		$	1,317,775	$	866,221

Amortization expense of approximately $33,937, $4,161, and $7,449 was recognized for finite-lived intangible assets for the years ended March 31, 2022, 2021, and 2020, respectively.

The estimated future amortization for finite-lived intangible assets for each of the next five years and thereafter are as follows:


	Year Ended March 31,

2023	$	45,014
2024	7,985
2025	1,820
2026	—
2027 and thereafter	—

Goodwill attributable to the Company’s business segments is as follows:


	April 1, 2021		Change (1)		March 31, 2022
Corporate Finance	$	416,535	$	399,377	$	815,912
Financial Restructuring	162,815		—		162,815
Financial and Valuation Advisory	91,715		—		91,715
Goodwill	$	671,065	$	399,377	$	1,070,442

(1)Changes pertain primarily to the acquisition of GCA Corporation and to a small extent, foreign currency translation. See Note 19 for additional information.