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SEGMENT AND GEOGRAPHICAL INFORMATION (Tables) | 6 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Revenue, Profit and Assets by Segment | The following tables present information about revenues, profit and assets by segment and geography.
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues by segment |  |  |  |  |  |  |
Corporate Finance | $ | 364,028 |  |  | $ | 281,684 |  |  | $ | 692,445 |  |  | $ | 508,735 |
Financial Restructuring | 131,568 |  |  | 114,670 |  |  | 248,990 |  |  | 238,038 |
Financial and Valuation Advisory | 79,361 |  |  | 70,635 |  |  | 147,131 |  |  | 136,045 |
Revenues | $ | 574,957 |  |  | $ | 466,989 |  |  | $ | 1,088,566 |  |  | $ | 882,818 |
Segment profit (1) |  |  |  |  |  |  |
Corporate Finance | $ | 109,655 |  |  | $ | 90,517 |  |  | $ | 210,077 |  |  | $ | 152,139 |
Financial Restructuring | 60,919 |  |  | 32,499 |  |  | 100,068 |  |  | 76,093 |
Financial and Valuation Advisory | 19,389 |  |  | 19,593 |  |  | 37,030 |  |  | 34,492 |
Total segment profit | 189,963 |  |  | 142,609 |  |  | 347,175 |  |  | 262,724 |
Corporate expenses (2) | 59,294 |  |  | 52,332 |  |  | 120,938 |  |  | 99,100 |
Other income, net | (5,419) |  |  | (3,296) |  |  | (9,725) |  |  | (6,301) |
Income before provision for income taxes | $ | 136,088 |  |  | $ | 93,573 |  |  | $ | 235,962 |  |  | $ | 169,925 |
(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.
| September 30, 2024 |  | March 31, 2024
Assets by segment |  |  |
Corporate Finance | $ | 1,142,652 |  |  | $ | 1,147,432 |
Financial Restructuring | 206,187 |  |  | 192,185 |
Financial and Valuation Advisory | 172,666 |  |  | 170,627 |
Total segment assets | 1,521,505 |  |  | 1,510,244 |
Corporate assets | 1,691,246 |  |  | 1,660,515 |
Total assets | $ | 3,212,751 |  |  | $ | 3,170,759 |
Revenue by Geographic Areas |
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Income before provision for income taxes by geography |  |  |  |  |  |  |
United States | $ | 90,506 |  |  | $ | 61,280 |  |  | $ | 151,564 |  |  | $ | 113,682 |
International | 45,582 |  |  | 32,293 |  |  | 84,398 |  |  | 56,243 |
Income before provision for income taxes | $ | 136,088 |  |  | $ | 93,573 |  |  | $ | 235,962 |  |  | $ | 169,925 |
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues by geography |  |  |  |  |  |  |
United States | $ | 435,322 |  |  | $ | 328,958 |  |  | $ | 801,881 |  |  | $ | 656,694 |
International | 139,635 |  |  | 138,031 |  |  | 286,685 |  |  | 226,124 |
Revenues | $ | 574,957 |  |  | $ | 466,989 |  |  | $ | 1,088,566 |  |  | $ | 882,818 |
Assets by Geographical Areas |
| September 30, 2024 |  | March 31, 2024
Assets by geography |  |  |
United States | $ | 2,098,984 |  |  | $ | 1,957,454 |
International | 1,113,767 |  | 1,213,305
Total assets | $ | 3,212,751 |  |  | $ | 3,170,759 |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph b -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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