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GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Dec. 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	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	—