XML 20 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]      
Revenues $ 2,269,958 $ 1,525,452 $ 1,159,368
Operating expenses:      
Employee compensation and benefits 1,408,634 971,195 737,762
Travel, meals, and entertainment 22,465 6,527 41,945
Rent 47,747 39,233 44,693
Depreciation and amortization 48,537 15,228 17,291
Information technology and communications 41,714 31,646 26,904
Professional fees 38,349 24,681 21,704
Other operating expenses 49,648 28,785 39,468
Total operating expenses 1,657,094 1,117,295 929,767
Operating income 612,864 408,157 229,601
Other (income)/expense, net 8,926 (1,071) (6,046)
Income before provision for income taxes 603,938 409,228 235,647
Provision for income taxes 165,614 96,457 51,854
Net income 438,324 312,771 183,793
Net income attributable to noncontrolling interest (573) 0 0
Net income attributable to Houlihan Lokey, Inc. 437,751 312,771 183,793
Other comprehensive income, net of tax:      
Foreign currency translation adjustments (23,171) 22,932 (12,814)
Net income attributable to Houlihan Lokey, Inc. $ 414,580 $ 335,703 $ 170,979
Weighted average shares of common stock outstanding:      
Basic (in shares) 64,970,287 65,785,042 62,152,870
Diluted (in shares) 68,259,708 68,671,248 65,725,516
Earnings per share (Note 13)      
Basic (in usd per share) $ 6.74 $ 4.75 $ 2.96
Diluted (in usd per share) $ 6.41 $ 4.55 $ 2.80