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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues $ 489,537 $ 537,272 $ 908,181 $ 909,994
Operating expenses:        
Employee compensation and benefits 309,859 333,374 575,594 565,678
Travel, meals, and entertainment 12,370 4,687 23,420 6,374
Rent 13,285 9,050 25,075 19,275
Depreciation and amortization 19,475 4,344 38,618 8,515
Information technology and communications 13,183 8,858 24,173 15,819
Professional fees 9,598 6,915 16,067 13,616
Other operating expenses 22,396 12,725 38,293 15,722
Total operating expenses 400,166 379,953 741,240 644,999
Operating income 89,371 157,319 166,941 264,995
Other expense, net 5,104 853 6,853 752
Income before provision for income taxes 84,267 156,466 160,088 264,243
Provision for income taxes 23,537 43,583 28,576 65,400
Net income 60,730 112,883 131,512 198,843
Other comprehensive income, net of tax:        
Foreign currency translation adjustments (28,554) (6,037) (50,863) (4,412)
Comprehensive income attributable to Houlihan Lokey, Inc. $ 32,176 $ 106,846 $ 80,649 $ 194,431
Weighted average shares of common stock outstanding:        
Basic (in shares) 63,422,701 65,156,968 63,350,545 65,433,649
Fully Diluted (in shares) 69,800,028 68,566,127 69,316,792 68,641,962
Net income per share of common stock        
Basic (in dollars per share) $ 0.96 $ 1.73 $ 2.08 $ 3.04
Fully Diluted (in dollars per share) $ 0.87 $ 1.65 $ 1.90 $ 2.90