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SEGMENT AND GEOGRAPHICAL INFORMATION
12 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION Segment and Geographical Information
The Company’s reportable segments are described in Note 1 and each are individually managed and provide separate services that require specialized expertise for the provision of those services. Revenues by segment represent fees earned on the various services offered within each segment. Segment profit consists of segment revenues, less (1) direct expenses including compensation, travel, meals and entertainment, professional fees, and bad debt and (2) expenses allocated by headcount such as communications, rent, depreciation and amortization, and office expense. The corporate expense category includes costs not allocated to individual segments, including charges related to incentive compensation and share-based payments to corporate employees, as well as expenses of senior management and corporate departmental functions managed on a worldwide basis, including office of the executives, accounting, human capital, marketing, information technology, and legal and compliance. The following tables present information about revenues, profit and assets by segment and geography.
Year Ended March 31,
202420232022
Revenues by segment:
Corporate Finance$1,106,826 $1,127,126 $1,593,083 
Financial Restructuring521,984 395,733 392,818 
Financial and Valuation Advisory285,594 286,588 284,057 
Revenues$1,914,404 $1,809,447 $2,269,958 
Segment profit (1)
Corporate Finance$302,533 $354,075 $606,268 
Financial Restructuring194,116 121,618 100,882 
Financial and Valuation Advisory74,422 81,388 88,136 
Total segment profit571,071 557,081 795,286 
Corporate expenses (2)
208,210 215,343 182,422 
Other (income)/expense, net(27,678)17,738 8,926 
Income before provision for income taxes$390,539 $324,000 $603,938 
(1)We adjust the compensation expense for a business segment in situations where an employee residing in one business segment is performing work in another business segment where the revenues are accrued. Segment profit may vary significantly between periods depending on the levels of collaboration among the different segments.
(2)Corporate expenses represent expenses that are not allocated to individual business segments such as office of the executives, accounting, information technology, legal and compliance, marketing, and human capital.
March 31, 2024March 31, 2023March 31, 2022
Assets by segment
Corporate Finance$1,147,432 $1,015,760 $994,623 
Financial Restructuring192,185 196,289 178,148 
Financial and Valuation Advisory170,627 165,395 155,853 
Total segment assets1,510,244 1,377,444 1,328,624 
Corporate assets1,660,515 1,591,370 1,558,186 
Total assets$3,170,759 $2,968,814 $2,886,810 

Year Ended March 31,
202420232022
Income before provision for income taxes by geography
United States$256,472 $222,923 $424,358 
International134,067 101,077 179,580 
Income before provision for income taxes$390,539 $324,000 $603,938 
Year Ended March 31,
202420232022
Revenues by geography:
United States$1,344,305 $1,289,365 $1,690,708 
International570,099 520,082 579,250 
Revenues$1,914,404 $1,809,447 $2,269,958 

March 31, 2024March 31, 2023March 31, 2022
Assets by geography
United States$1,957,454 $1,861,296 $2,032,390 
International1,213,305 1,107,518 854,420 
Total assets$3,170,759 $2,968,814 $2,886,810