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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]    
Revenues $ 513,609 $ 415,829
Operating expenses:    
Employee compensation and benefits 330,116 263,483
Travel, meals, and entertainment 18,512 16,018
Rent 19,284 17,403
Depreciation and amortization 8,856 6,532
Information technology and communications 16,189 13,548
Professional fees 8,477 9,557
Other operating expenses 16,607 15,941
Total operating expenses 418,041 342,482
Operating income 95,568 73,347
Other income, net (4,306) (3,005)
Income before provision for income taxes 99,874 76,352
Provision for income taxes 10,934 14,962
Net income 88,940 61,390
Other comprehensive income, net of tax:    
Foreign currency translation adjustments (2,962) 2,974
Comprehensive income attributable to Houlihan Lokey, Inc. $ 85,978 $ 64,364
Weighted average shares of common stock outstanding:    
Basic (in shares) 65,031,216 63,806,156
Fully Diluted (in shares) 68,501,059 68,000,392
Earnings per share    
Basic (in dollars per share) $ 1.37 $ 0.96
Fully Diluted (in dollars per share) $ 1.30 $ 0.90