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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]        
Revenues $ 511,130 $ 456,499 $ 1,393,948 $ 1,364,680
Operating expenses:        
Employee compensation and benefits 324,039 289,348 884,064 864,942
Travel, meals, and entertainment 17,325 14,271 47,494 37,691
Rent 19,002 12,852 55,418 37,927
Depreciation and amortization 6,657 13,256 20,275 51,874
Information technology and communications 15,443 14,751 43,319 38,924
Professional fees 14,853 7,795 35,269 23,862
Other operating expenses 17,271 20,053 47,945 58,346
Total operating expenses 414,590 372,326 1,133,784 1,113,566
Operating income 96,540 84,173 260,164 251,114
Other (income)/expense, net (6,035) 563 (12,336) 7,416
Income before provision for income taxes 102,575 83,610 272,500 243,698
Provision for income taxes 31,772 20,559 73,276 49,135
Net income 70,803 63,051 199,224 194,563
Other comprehensive income, net of tax:        
Foreign currency translation adjustments 25,574 24,204 8,665 (26,659)
Comprehensive income attributable to Houlihan Lokey, Inc. $ 96,377 $ 87,255 $ 207,889 $ 167,904
Weighted average shares of common stock outstanding:        
Basic (in shares) 64,411,668 63,381,024 64,258,216 63,360,741
Fully Diluted (in shares) 67,886,301 69,725,692 67,896,302 69,453,588
Earnings per share (Note 13)        
Basic (in dollars per share) $ 1.10 $ 0.99 $ 3.10 $ 3.07
Fully Diluted (in dollars per share) $ 1.04 $ 0.90 $ 2.93 $ 2.80