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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues $ 466,989 $ 489,537 $ 882,818 $ 908,181
Operating expenses:        
Employee compensation and benefits 296,542 309,859 560,025 575,594
Travel, meals, and entertainment 14,151 12,370 30,169 23,420
Rent 19,013 13,285 36,416 25,075
Depreciation and amortization 7,086 19,475 13,618 38,618
Information technology and communications 14,328 13,183 27,876 24,173
Professional fees 10,859 9,598 20,416 16,067
Other operating expenses 14,733 22,396 30,674 38,293
Total operating expenses 376,712 400,166 719,194 741,240
Operating income 90,277 89,371 163,624 166,941
Other (income)/expense, net (3,296) 5,104 (6,301) 6,853
Income before provision for income taxes 93,573 84,267 169,925 160,088
Provision for income taxes 26,542 23,537 41,504 28,576
Net income 67,031 60,730 128,421 131,512
Other comprehensive income, net of tax:        
Foreign currency translation adjustments (19,883) (28,554) (16,909) (50,863)
Comprehensive income attributable to Houlihan Lokey, Inc. $ 47,148 $ 32,176 $ 111,512 $ 80,649
Weighted average shares of common stock outstanding:        
Basic (in shares) 64,551,353 63,422,701 64,180,642 63,350,545
Fully Diluted (in shares) 67,867,381 69,800,028 67,881,623 69,316,792
Earnings per share (Note 13)        
Basic (in dollars per share) $ 1.04 $ 0.96 $ 2.00 $ 2.08
Fully Diluted (in dollars per share) $ 0.99 $ 0.87 $ 1.89 $ 1.90