GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

The following table provides a reconciliation of Goodwill and other intangibles, net reported on the Consolidated Balance Sheets.

		As of March 31,
(In thousands)	Useful Lives	2020			2019
Goodwill	Indefinite	$	618,455		$	594,812
Tradename-Houlihan Lokey	Indefinite	192,210			192,210
Other intangible assets	Varies	10,732			18,614
Total cost		821,397			805,636
Less: accumulated amortization		(8,553		)	(11,032		)
Goodwill and other intangibles, net		$	812,844		$	794,604

Schedule of Goodwill by Business Segment

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

(In thousands)	As of April 1, 2019		Change (1)		As of March 31, 2020
Corporate Finance	$	340,282	$	23,643	$	363,925
Financial Restructuring	162,815		—		162,815
Financial and Valuation Advisory	91,715		—		91,715
Goodwill	$	594,812	$	23,643	$	618,455

(1)

Changes pertain to the acquisitions discussed in Note 1 and foreign currency translation adjustments.

Finite-lived Intangible Assets Amortization Expense

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

(In thousands)	Year Ended March 31,
2021	$	1,601
2022	157
2023	7
2024	7
2025	7