XML 25 R15.htm IDEA: XBRL DOCUMENT v3.23.2
GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Jun. 30, 2023
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 LivesJune 30, 2023March 31, 2023
GoodwillIndefinite$1,090,597 $1,087,784 
Tradename-Houlihan LokeyIndefinite192,210 192,210 
Other intangible assetsVaries94,201 93,917 
Total cost1,377,008 1,373,911 
Less: accumulated amortization(86,260)(82,757)
Goodwill and other intangibles, net$1,290,748 $1,291,154 

Goodwill attributable to the Company’s business segments is as follows:
April 1, 2023
Change (1)
June 30, 2023
Corporate Finance$833,254 $2,813 $836,067 
Financial Restructuring162,815 — 162,815 
Financial and Valuation Advisory91,715 — 91,715 
Goodwill$1,087,784 $2,813 $1,090,597 
(1)Changes pertain primarily to foreign currency translation adjustments.
Amortization expense of approximately $3,355 and $15,765 was recognized for the three months ended June 30, 2023 and 2022, 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 2024$5,887 
20251,750 
2026— 
2027— 
2028 and thereafter—