XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]      
Revenues $ 1,914,404 $ 1,809,447 $ 2,269,958
Operating expenses:      
Employee compensation and benefits 1,213,589 1,147,879 1,408,634
Travel, meals, and entertainment 65,298 51,082 22,465
Rent 76,079 55,838 47,747
Depreciation and amortization 28,536 58,221 48,537
Information technology and communications 60,168 54,125 41,714
Professional fees 49,077 32,940 38,349
Other operating expenses 58,796 67,624 49,648
Total operating expenses 1,551,543 1,467,709 1,657,094
Operating income 362,861 341,738 612,864
Other (income)/expense, net (27,678) 17,738 8,926
Income before provision for income taxes 390,539 324,000 603,938
Provision for income taxes 110,238 69,777 165,614
Net income 280,301 254,223 438,324
Net income attributable to noncontrolling interest 0 0 (573)
Net income attributable to Houlihan Lokey, Inc. 280,301 254,223 437,751
Other comprehensive income, net of tax:      
Foreign currency translation adjustments (3,794) (19,467) (23,171)
Comprehensive income attributable to Houlihan Lokey, Inc. $ 276,507 $ 234,756 $ 414,580
Weighted average shares of common stock outstanding:      
Basic (in shares) 64,337,975 63,358,408 64,970,287
Diluted (in shares) 68,159,390 67,586,263 68,259,708
Earnings per share (Note 13)      
Basic (in usd per share) $ 4.36 $ 4.01 $ 6.74
Diluted (in usd per share) $ 4.11 $ 3.76 $ 6.41