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EARNINGS PER SHARE
9 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE 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 December 31,Nine Months Ended December 31,
2023202220232022
Numerator:
Net income attributable Houlihan Lokey, Inc.$70,803 $63,051 $199,224 $194,563 
Denominator:
Weighted average shares of common stock outstanding — basic64,411,668 63,381,024 64,258,216 63,360,741 
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
3,474,633 6,344,668 3,638,086 6,092,847 
Weighted average shares of common stock outstanding — diluted67,886,301 69,725,692 67,896,302 69,453,588 
Basic earnings per share$1.10 $0.99 $3.10 $3.07 
Diluted earnings per share$1.04 $0.90 $2.93 $2.80