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

 
 

Cost
 
$
405,509

 
$
259,513

Accumulated amortization
 
(187,672
)
 
(171,169
)
Net(1)
 
217,837

 
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
 
533,537

 
560,499

Trade names(1)
 
69,481

 
57,187

 
 
3,810,973

 
3,058,141

Intangible assets, net
 
$
4,028,810

 
$
3,146,485


(1)
As of December 31, 2016, Amortizable intangible asset management contracts, net and Trade names include $95,560 and $23,100, respectively, related to the acquisition of Clarion Partners and $60,042 and $7,400, respectively, related to the acquisition of EnTrust. See Note 3 for additional information.
(2)
As of December 31, 2016, 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 December 31, 2016. See Note 3 for additional information regarding the EnTrust acquisition.
Estimated amortization expense
Remaining fiscal 2017
 
$
6,871

2018
 
27,414

2019
 
27,414

2020
 
26,949

2021
 
26,949

Thereafter
 
102,240

Total
 
$
217,837
Changes in carrying value of goodwill
 
 
Gross Book Value
 
Accumulated Impairment
 
Net Book Value
Balance as of March 31, 2016
 
$
2,641,416

 
$
(1,161,900
)
 
$
1,479,516

Impact of excess tax basis amortization
 
(15,622
)
 
—

 
(15,622
)
Business acquisitions (disposition), net(1)
 
498,778

 
—

 
498,778

Changes in foreign exchange rates and other
 
(35,220
)
 
—

 
(35,220
)
Balance as of December 31, 2016
 
$
3,089,352

 
$
(1,161,900
)
 
$
1,927,452

(1) See Note 3 for additional information.