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Intangible Assets and Goodwill (Tables)
 12 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of intangible assets
 
 
March 31, 2017
 
March 31, 2016
Amortizable intangible asset management contracts and other
 
 

 
 

Cost
 
$
408,025

 
$
259,513

Accumulated amortization
 
(194,371
)
 
(171,169
)
Net(1)
 
213,654

 
88,344

Indefinite–life intangible assets
 


 


U.S. domestic mutual fund management contracts
 
2,106,351

 
2,106,351

Clarion Partners fund management contracts
 
505,200

 
—

EnTrustPermal fund management contracts(2)
 
596,404

 
334,104

Other fund management contracts
 
542,908

 
560,499

Trade names(1)
 
69,863

 
57,187

 
 
3,820,726

 
3,058,141

Intangible assets, net
 
$
4,034,380

 
$
3,146,485


(1)
As of March 31, 2017, Amortizable intangible asset management contracts, net and Trade names include $92,844 and $23,100, respectively, related to the acquisition of Clarion Partners and $57,995 and $7,400, respectively, related to the acquisition of EnTrust. See Note 2 for additional information.
(2)
As of March 31, 2017, includes $262,300 related to the acquisition of EnTrust. As further discussed below, the indefinite-life funds-of-hedge funds management contracts asset related to the legacy Permal business was combined with the indefinite-life funds-of-hedge funds management contracts asset related to EnTrust as of March 31, 2017. See Note 2 for additional information regarding the EnTrust acquisition.
Estimated amortization expense
2018
 
$
27,742

2019
 
27,742

2020
 
27,278

2021
 
27,278

2022
 
27,040

Thereafter
 
76,574

Total
 
$
213,654
Changes in carrying value of goodwill
 
 
Gross Book Value
 
Accumulated Impairment
 
Net Book Value
Balance as of March 31, 2015
 
$
2,501,410

 
$
(1,161,900
)
 
$
1,339,510

Impact of excess tax basis amortization
 
(20,920
)
 
—

 
(20,920
)
Business acquisitions(1)
 
163,110

 
—

 
163,110

Changes in foreign exchange rates and other
 
(2,184
)
 
—

 
(2,184
)
Balance as of March 31, 2016
 
2,641,416

 
(1,161,900
)
 
1,479,516

Impact of excess tax basis amortization
 
(20,818
)
 
—

 
(20,818
)
Business acquisitions (dispositions), net(1)
 
491,835

 
—

 
491,835

Changes in foreign exchange rates and other
 
(25,644
)
 
—

 
(25,644
)
Balance as of March 31, 2017
 
$
3,086,789

 
$
(1,161,900
)
 
$
1,924,889

(1) See Note 2 for additional information.