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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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Dec. 31, 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 Lives |  | December 31, 2023 |  | March 31, 2023
Goodwill | Indefinite |  | $ | 1,128,610 |  |  | $ | 1,087,784 |
Tradename-Houlihan Lokey | Indefinite |  | 192,210 |  |  | 192,210 |
Other intangible assets | Varies |  | 99,010 |  |  | 93,917 |
Total cost |  |  | 1,419,830 |  |  | 1,373,911 |
Less: accumulated amortization |  |  | (91,279) |  |  | (82,757) |
Goodwill and other intangibles, net |  |  | $ | 1,328,551 |  |  | $ | 1,291,154 |
Goodwill attributable to the Company’s business segments is as follows:
| April 1, 2023 |  | Change (1) |  | December 31, 2023
Corporate Finance | $ | 833,254 |  |  | $ | 40,826 |  |  | $ | 874,080 |
Financial Restructuring | 162,815 |  |  | — |  |  | 162,815 |
Financial and Valuation Advisory | 91,715 |  |  | — |  |  | 91,715 |
Goodwill | $ | 1,087,784 |  |  | $ | 40,826 |  |  | $ | 1,128,610 |
(1)Changes pertain primarily to the acquisition of 7 Mile Advisors, LLC. See Note 10 for additional information. Amortization expense of approximately $1,560 and $10,367 was recognized for the three months ended December 31, 2023 and 2022, respectively, and $8,275 and $41,756 for the nine months ended December 31, 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 | $ | 2,486 |
2025 | 4,941 |
2026 | — |
2027 | — |
2028 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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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