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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Mar. 31, 2025
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 intangible assets, net reported on the Consolidated Balance Sheets.
Useful LivesMarch 31, 2025March 31, 2024
GoodwillIndefinite$1,284,589 $1,127,497 
Tradename-Houlihan LokeyIndefinite192,210 192,210 
Other intangible assetsVaries133,785 98,897 
Total cost1,610,584 1,418,604 
Less: accumulated amortization(113,325)(93,668)
Goodwill and other intangible assets, net$1,497,259 $1,324,936 
Amortization expense of approximately $19,328, $10,754, and $44,971 was recognized for finite-lived intangible assets for the years ended March 31, 2025, 2024, and 2023, 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,
2026$13,990 
2027834 
2028682 
2029657 
2030 and thereafter3,993 
Goodwill attributable to the Company’s business segments is as follows:
April 1, 2024ChangeMarch 31, 2025
Corporate Finance (1)
$872,967 $145,016 $1,017,983 
Financial Restructuring162,815 — 162,815 
Financial and Valuation Advisory (2)
91,715 12,076 103,791 
Goodwill$1,127,497 $157,092 $1,284,589 
(1)Change pertains primarily to the acquisition of Waller Helms Advisors LLC and Triago.