EARNINGS PER SHARE

3 Months Ended

Jun. 30, 2023

Earnings Per Share

The calculations of basic and diluted earnings per share attributable to holders of shares of common stock are presented below.


	Three Months Ended June 30,
	2023		2022
Numerator:

Net income attributable Houlihan Lokey, Inc.	$	61,390	$	70,782
Denominator:
Weighted average shares of common stock outstanding — basic	63,806,156		63,277,596
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	4,194,236		5,550,650
Weighted average shares of common stock outstanding — diluted	68,000,392		68,828,246

Basic earnings per share	$	0.96	$	1.12
Diluted earnings per share	$	0.90	$	1.03