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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 574,957 $ 466,989 $ 1,088,566 $ 882,818
Operating expenses:        
Employee compensation and benefits 353,599 287,200 669,468 542,933
Acquisition related compensation and benefits 7,038 9,342 21,285 17,092
Travel, meals, and entertainment 13,570 14,151 32,082 30,169
Rent 15,174 19,013 34,458 36,416
Depreciation and amortization 7,444 7,086 16,300 13,618
Information technology and communications 17,755 14,328 33,944 27,876
Professional fees 9,677 10,859 18,154 20,416
Other operating expenses 20,031 14,733 36,638 30,674
Total operating expenses 444,288 376,712 862,329 719,194
Operating income 130,669 90,277 226,237 163,624
Other income, net (5,419) (3,296) (9,725) (6,301)
Income before provision for income taxes 136,088 93,573 235,962 169,925
Provision for income taxes 42,539 26,542 53,473 41,504
Net income 93,549 67,031 182,489 128,421
Other comprehensive income, net of tax:        
Foreign currency translation adjustments 31,361 (19,883) 28,399 (16,909)
Comprehensive income attributable to Houlihan Lokey, Inc. $ 124,910 $ 47,148 $ 210,888 $ 111,512
Weighted average shares of common stock outstanding:        
Basic (in shares) 65,822,690 64,551,353 65,429,115 64,180,642
Fully diluted (in shares) 68,422,600 67,867,381 68,450,866 67,881,623
Earnings per share        
Basic (in dollars per share) $ 1.42 $ 1.04 $ 2.79 $ 2.00
Fully diluted (in dollars per share) $ 1.37 $ 0.99 $ 2.67 $ 1.89