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GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Sep. 30, 2023

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	September 30, 2023		March 31, 2023
Goodwill	Indefinite	$	1,086,438	$	1,087,784
Tradename-Houlihan Lokey	Indefinite	192,210		192,210
Other intangible assets	Varies	93,781		93,917
Total cost		1,372,429		1,373,911
Less: accumulated amortization		(89,339)		(82,757)
Goodwill and other intangibles, net		$	1,283,090	$	1,291,154

Goodwill attributable to the Company’s business segments is as follows:


	April 1, 2023		Change (1)		September 30, 2023
Corporate Finance	$	833,254	$	(1,346)	$	831,908
Financial Restructuring	162,815		—		162,815
Financial and Valuation Advisory	91,715		—		91,715
Goodwill	$	1,087,784	$	(1,346)	$	1,086,438

(1)Changes pertain primarily to foreign currency translation adjustments.

Amortization expense of approximately $3,360 and $15,625 was recognized for the three months ended September 30, 2023 and 2022, respectively, and $6,715 and $31,390 for the six months ended September 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	$	2,444
2025	1,694
2026	—
2027	—
2028 and thereafter	—