XML 26 R15.htm IDEA: XBRL DOCUMENT

GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Sep. 30, 2024

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, 2024		March 31, 2024
Goodwill	Indefinite	$	1,177,757	$	1,127,497
Tradename-Houlihan Lokey	Indefinite	192,210		192,210
Other intangible assets	Varies	104,475		98,897
Total cost		1,474,442		1,418,604
Less: accumulated amortization		(100,044)		(93,668)
Goodwill and other intangibles, net		$	1,374,398	$	1,324,936

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


	April 1, 2024		Change (1)		September 30, 2024
Corporate Finance	$	872,967	$	50,260	$	923,227
Financial Restructuring	162,815		—		162,815
Financial and Valuation Advisory	91,715		—		91,715
Goodwill	$	1,127,497	$	50,260	$	1,177,757

(1)Changes pertain primarily to the acquisition of Triago Advisors.

Amortization expense of approximately $2,067 and $3,360 was recognized for the three months ended September 30, 2024 and 2023, respectively, and $5,608 and $6,715 for the six months ended September 30, 2024 and 2023, respectively.

The estimated future amortization for finite-lived intangible assets for each of the next five fiscal years and thereafter are as follows:


	Year Ending March 31,
Remainder of 2025	$	2,254
2026	1,873
2027	—
2028	—
2029 and thereafter	—