Commitments and Contingencies (Tables)

9 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Future Minimum Rental Payments For Operating Leases

As of December 31, 2018, the minimum annual aggregate rentals under operating leases and service agreements are as follows:



Remaining fiscal 2019	$	49,166
2020	135,935
2021	112,282
2022	99,530
2023	89,685
Thereafter	120,366
Total⁽¹⁾	$	606,964

Lease Liability Reserve Roll Forward [Table Text Block]

The table below presents a summary of the changes in the lease reserve liability:



Balance as of March 31, 2017	$	39,688
Payments, net	(13,019		)
Adjustments and other	2,580
Balance as of March 31, 2018	29,249
Accrued charges for subleased space ⁽¹⁾	1,970
Payments, net	(4,973		)
Adjustments and other	850
Balance as of December 31, 2018	$	27,096

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

The following table presents a summary of the maximum remaining contingent consideration and changes in the contingent consideration liability for certain of Legg Mason's acquisitions.



	RARE Infrastructure			Martin Currie			QS Investors			Other⁽²⁾			Total
Acquisition Date	October 21, 2015			October 1, 2014			May 30, 2014			Various
Maximum Remaining Contingent Consideration⁽¹⁾	$	74,657		$	—		$	—		$	1,900		$	76,557
Contingent Consideration Liability
Balance as of March 31, 2017	$	17,444		$	12,018		$	4,841		$	2,507		$	36,810
Initial purchase accounting accrual	—			—			—			1,900			1,900
Fair value adjustments	(17,413		)	(13,355		)	(1,300		)	739			(31,329		)
Foreign exchange and accretion	(31		)	1,337			166			(4		)	1,468
Payment	—			—			—			(3,242		)	(3,242		)
Balance as of March 31, 2018 ⁽³⁾	—			—			3,707			1,900			5,607
Fair value adjustments	—			—			571			—			571
Foreign exchange and accretion	—			—			41			—			41
Payment	—			—			(4,319		)	—			(4,319		)
Balance as of December 31, 2018 ⁽³⁾	$	—		$	—		$	—		$	1,900		$	1,900


(1)	Using the applicable exchange rate as of December 31, 2018, for amounts denominated in currencies other than the U.S. dollar.


(2)	Includes amounts related to two small acquisitions completed in December 2017 and the acquisition of PK Investments on December 31, 2015.


(3)	As of December 31, 2018, $550 was included in Other current liabilities and $1,350 was included in Other non-current liabilities in the Consolidated Balance Sheet. As of March 31, 2018, $3,707 was included in Other current liabilities and $1,900 was included in Other non-current liabilities in the Consolidated Balance Sheet.