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GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | 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 |  | June 30, 2022 |  | March 31, 2022
Goodwill | Indefinite |  | $ | 1,062,408 |  |  | $ | 1,070,442 |
Tradename-Houlihan Lokey | Indefinite |  | 192,210 |  |  | 192,210 |
Other intangible assets | Varies |  | 92,135 |  |  | 92,941 |
Total cost |  |  | 1,346,753 |  |  | 1,355,593 |
Less: accumulated amortization |  |  | (53,401) |  |  | (37,818) |
Goodwill and other intangibles, net |  |  | $ | 1,293,352 |  |  | $ | 1,317,775 |
Goodwill attributable to the Company’s business segments is as follows:
| April 1, 2022 |  | Change (1) |  | June 30, 2022
Corporate Finance | $ | 815,912 |  |  | $ | (8,034) |  |  | $ | 807,878 |
Financial Restructuring | 162,815 |  |  | — |  |  | 162,815 |
Financial and Valuation Advisory | 91,715 |  |  | — |  |  | 91,715 |
Goodwill | $ | 1,070,442 |  |  | $ | (8,034) |  |  | $ | 1,062,408 |
(1)Changes pertain to foreign currency translation adjustments. Amortization expense of approximately $15,765 and $1,064 was recognized for the three months ended June 30, 2022 and 2021, 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,
Remainder of 2023 | $ | 29,007 |
2024 | 7,722 |
2025 | 1,693 |
2026 | 7 |
2027 and thereafter | 1 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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