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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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Dec. 31, 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 |  | December 31, 2022 |  | March 31, 2022
Goodwill | Indefinite |  | $ | 1,060,666 |  |  | $ | 1,070,442 |
Tradename-Houlihan Lokey | Indefinite |  | 192,210 |  |  | 192,210 |
Other intangible assets | Varies |  | 92,046 |  |  | 92,941 |
Total cost |  |  | 1,344,922 |  |  | 1,355,593 |
Less: accumulated amortization |  |  | (79,411) |  |  | (37,818) |
Goodwill and other intangibles, net |  |  | $ | 1,265,511 |  |  | $ | 1,317,775 |
Goodwill attributable to the Company’s business segments is as follows:
| April 1, 2022 |  | Change (1) |  | December 31, 2022
Corporate Finance | $ | 815,912 |  |  | $ | (9,776) |  |  | $ | 806,136 |
Financial Restructuring | 162,815 |  |  | — |  |  | 162,815 |
Financial and Valuation Advisory | 91,715 |  |  | — |  |  | 91,715 |
Goodwill | $ | 1,070,442 |  |  | $ | (9,776) |  |  | $ | 1,060,666 |
(1)Changes pertain primarily to foreign currency translation adjustments. Amortization expense of approximately $10,367 and $15,454 was recognized for the three months ended December 31, 2022 and 2021, respectively, and $41,756 and $18,130 for the nine months ended December 31, 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 | $ | 2,973 |
2024 | 7,687 |
2025 | 1,672 |
2026 | — |
2027 and thereafter | — |

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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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