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EARNINGS PER SHARE (Tables)
6 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
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 September 30,Six Months Ended September 30,
2024202320242023
Numerator:
Net income attributable Houlihan Lokey, Inc.$93,549 $67,031 $182,489 $128,421 
Denominator:
Weighted average shares of common stock outstanding — basic65,822,690 64,551,353 65,429,115 64,180,642 
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
2,599,910 3,316,028 3,021,751 3,700,981 
Weighted average shares of common stock outstanding — diluted68,422,600 67,867,381 68,450,866 67,881,623 
Basic earnings per share$1.42 $1.04 $2.79 $2.00 
Diluted earnings per share$1.37 $0.99 $2.67 $1.89