XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENT AND GEOGRAPHICAL INFORMATION
9 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION Segment and Geographical Information
The Company’s reportable segments are described in Note 1 and each are individually managed and provide separate services that require specialized expertise for the provision of those services. Revenues by segment represent fees earned on the various services offered within each segment. Segment profit consists of segment revenues, less (1) direct expenses including compensation, travel, meals and entertainment, professional fees, and bad debt and (2) expenses allocated by headcount such as communications, rent, depreciation and amortization, and office expense. The corporate expense category includes costs not allocated to individual segments, including charges related to incentive compensation and share-based payments to corporate employees, as well as expenses of senior management and corporate departmental functions managed on a worldwide basis, including office of the executives, accounting, human capital, marketing, information technology, and legal and compliance. The following tables present information about revenues, profit and assets by segment and geography.    
Three Months Ended December 31,Nine Months Ended December 31,
2024202320242023
Revenues by segment
Corporate Finance$421,602 $310,512 $1,114,047 $819,247 
Financial Restructuring130,942 128,565 379,932 366,603 
Financial and Valuation Advisory81,884 72,053 229,015 208,098 
Revenues$634,428 $511,130 $1,722,994 $1,393,948 
Segment profit (1)
Corporate Finance$131,552 $93,254 $341,629 $245,393 
Financial Restructuring44,212 43,284 144,280 119,377 
Financial and Valuation Advisory23,337 14,332 60,367 48,824 
Total segment profit199,101 150,870 546,276 413,594 
Corporate expenses (2)
62,999 54,330 183,937 153,430 
Other income, net(9,016)(6,035)(18,741)(12,336)
Income before provision for income taxes$145,118 $102,575 $381,080 $272,500 
(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.

December 31, 2024March 31, 2024
Assets by segment
Corporate Finance$1,272,204 $1,147,432 
Financial Restructuring194,729 192,185 
Financial and Valuation Advisory195,967 170,627 
Total segment assets1,662,900 1,510,244 
Corporate assets1,812,862 1,660,515 
Total assets$3,475,762 $3,170,759 

Three Months Ended December 31,Nine Months Ended December 31,
2024202320242023
Income before provision for income taxes by geography
United States$99,998 $68,944 $251,562 $182,626 
International45,120 33,631 129,518 89,874 
Income before provision for income taxes$145,118 $102,575 $381,080 $272,500 
Three Months Ended December 31,Nine Months Ended December 31,
2024202320242023
Revenues by geography
United States$429,620 $356,570 $1,231,500 $1,013,264 
International204,808 154,560 491,494 380,684 
Revenues$634,428 $511,130 $1,722,994 $1,393,948 

December 31, 2024March 31, 2024
Assets by geography
United States$1,476,782 $1,957,454 
International1,998,9801,213,305
Total assets$3,475,762 $3,170,759