XML 50 R34.htm IDEA: XBRL DOCUMENT v3.23.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
The following table provides a reconciliation of Goodwill and other intangibles, net reported on the Consolidated Balance Sheets.
Useful LivesMarch 31, 2023March 31, 2022
GoodwillIndefinite$1,087,784 $1,070,442 
Tradename-Houlihan LokeyIndefinite192,210 192,210 
Other intangible assetsVaries93,917 92,941 
Total cost1,373,911 1,355,593 
Less: accumulated amortization(82,757)(37,818)
Goodwill and other intangibles, net$1,291,154 $1,317,775 
Finite-lived Intangible Assets Amortization Expense
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,
2024$9,145 
20251,712 
2026— 
2027— 
2028 and thereafter— 
Schedule of Goodwill by Business Segment
Goodwill attributable to the Company’s business segments is as follows:
April 1, 2022
Change (1)
March 31, 2023
Corporate Finance$815,912 $17,342 $833,254 
Financial Restructuring162,815 — 162,815 
Financial and Valuation Advisory91,715 — 91,715 
Goodwill$1,070,442 $17,342 $1,087,784 
(1)Changes pertain primarily to the acquisition of Oakley Advisory Limited.