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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]        
Revenues $ 456,499 $ 888,798 $ 1,364,680 $ 1,798,792
Operating expenses:        
Employee compensation and benefits 289,348 549,376 864,942 1,115,054
Travel, meals, and entertainment 14,271 11,090 37,691 17,464
Rent 12,852 14,352 37,927 33,627
Depreciation and amortization 13,256 20,074 51,874 28,589
Information technology and communications 14,751 12,398 38,924 28,217
Professional fees 7,795 14,372 23,862 27,988
Other operating expenses 20,053 17,876 58,346 33,598
Total operating expenses 372,326 639,538 1,113,566 1,284,537
Operating income 84,173 249,260 251,114 514,255
Other expense, net 563 253 7,416 1,005
Income before provision for income taxes 83,610 249,007 243,698 513,250
Provision for income taxes 20,559 74,699 49,135 140,099
Net income 63,051 174,308 194,563 373,151
Net income attributable to noncontrolling interest 0 573 0 573
Net income attributable to Houlihan Lokey, Inc. 63,051 173,735 194,563 372,578
Other comprehensive income, net of tax:        
Foreign currency translation adjustments 24,204 (1,824) (26,659) (6,236)
Comprehensive income attributable to Houlihan Lokey, Inc. $ 87,255 $ 171,911 $ 167,904 $ 366,342
Weighted average shares of common stock outstanding:        
Basic (in shares) 63,381,024 64,914,373 63,360,741 65,259,927
Fully Diluted (in shares) 69,725,692 68,279,939 69,453,588 68,520,849
Net income per share of common stock        
Basic (in dollars per share) $ 0.99 $ 2.68 $ 3.07 $ 5.71
Fully Diluted (in dollars per share) $ 0.90 $ 2.54 $ 2.80 $ 5.44