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NET INCOME PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS | 12 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
NET INCOME PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS | Earnings Per Share The calculations of basic and diluted earnings per share attributable to holders of shares of common stock are presented below.
| Year Ended March 31,
| 2022 |  | 2021 |  | 2020
Numerator: |  |  |  |  |
Net income attributable to Houlihan Lokey, Inc. | $ | 414,580 |  |  | $ | 335,703 |  |  | $ | 170,979 |
Denominator: |  |  |  |  |
Weighted average shares of common stock outstanding — basic | 64,970,287 |  |  | 65,785,042 |  |  | 62,152,870 |
Weighted average number of incremental shares pertaining to unvested restricted-stock and issuable in respect of unvested restricted stock units, as-calculated using the treasury stock method | 3,289,421 |  |  | 2,886,206 |  |  | 3,572,646 |
Weighted average shares of common stock outstanding — diluted | 68,259,708 |  |  | 68,671,248 |  |  | 65,725,516 |
Basic earnings per share | $ | 6.74 |  |  | $ | 4.75 |  |  | $ | 2.96 |
Diluted earnings per share | $ | 6.41 |  |  | $ | 4.55 |  |  | $ | 2.80 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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