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GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Dec. 31, 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	December 31, 2024		March 31, 2024
Goodwill	Indefinite	$	1,280,304	$	1,127,497
Tradename-Houlihan Lokey	Indefinite	192,210		192,210
Other intangible assets	Varies	133,178		98,897
Total cost		1,605,692		1,418,604
Less: accumulated amortization		(103,275)		(93,668)
Goodwill and other intangibles, net		$	1,502,417	$	1,324,936

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


	April 1, 2024		Change		December 31, 2024
Corporate Finance (1)	$	872,967	$	141,109	$	1,014,076
Financial Restructuring	162,815		—		162,815
Financial and Valuation Advisory (2)	91,715		11,698		103,413
Goodwill	$	1,127,497	$	152,807	$	1,280,304

(1)Change pertains primarily to the acquisition of Waller Helms Advisors LLC and Triago.

(2)Change pertains to the acquisition of Prytania Solutions Ltd.

Amortization expense of approximately $4,066 and $1,560 was recognized for the three months ended December 31, 2024 and 2023, respectively, and $9,674 and $8,275 for the nine months ended December 31, 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	$	9,504
2026	13,699
2027	709
2028	709
2029 and thereafter	4,978