EARNINGS PER SHARE (Tables)

3 Months Ended

Jun. 30, 2024

Calculation of Basic and Diluted Net Income Per Share

The calculations of basic and diluted earnings per share attributable to holders of shares of common stock are presented below. The determination of weighted average shares of common stock outstanding includes both the Company's Class A common stock and Class B common stock. Please refer to Note 15 for further detail on our two classes of authorized Company common stock.


	Three Months Ended June 30,
	2024		2023
Numerator:

Net income attributable Houlihan Lokey, Inc.	$	88,940	$	61,390
Denominator:
Weighted average shares of common stock outstanding — basic	65,031,216		63,806,156
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	3,469,843		4,194,236
Weighted average shares of common stock outstanding — diluted	68,501,059		68,000,392

Basic earnings per share	$	1.37	$	0.96
Diluted earnings per share	$	1.30	$	0.90