XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Intangibles and Goodwill | 3 Months Ended
--- | ---
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangibles and Goodwill | Intangibles and Goodwill Intangible assets consist of management contracts providing economic rights to management and advisory fees and client relationships related to future fundraising, as obtained through the Company’s acquisitions of other businesses. Intangible assets, net consists of the following:
| As of
| June 30, 2024 |  | March 31, 2024
Management contracts | $ | 352,002 |  |  | $ | 352,002 |
Client relationships | 96,650 |  |  | 96,650 |
Less: Accumulated amortization | (154,029) |  |  | (143,779) |
Intangible assets, net | $ | 294,623 |  |  | $ | 304,873 |
Amortization expense related to intangible assets was $10.5 million and $10.7 million for the three months ended June 30, 2024 and 2023, respectively. These amounts are included in general, administrative and other expenses in the condensed consolidated statements of income. At June 30, 2024, the expected future amortization of finite-lived intangible assets is as follows:
Remainder of FY2025 | $ | 30,751 |
FY2026 | 40,810 |
FY2027 | 40,776 |
FY2028 | 40,759 |
FY2029 | 40,759 |
Thereafter | 100,768 |
Total | $ | 294,623 |
The carrying value of goodwill was $580.5 million as of June 30, 2024 and March 31, 2024. The Company determined there was no indication of goodwill impairment as of June 30, 2024 and March 31, 2024.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration