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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Class A
Class B
Total stockholders' equity
Common stock
Class A
Common stock
Class B
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Beginning balance (in shares) at Mar. 31, 2022         49,853,564 17,649,555      
Beginning balance at Mar. 31, 2022       $ 1,443,705 $ 50 $ 18 $ 564,761 $ 922,223 $ (43,347)
Increase (Decrease) in Stockholders' Equity                  
Shares issued (in shares)           2,485,582      
Shares issued       16,775   $ 2 16,773    
Stock compensation vesting (note 14)       151,769     151,769    
Dividends       (143,374)       (143,374)  
Conversion of Class B to Class A shares (in shares)         1,455,908 (1,455,908)      
Conversion of Class B to Class A shares       0 $ 1 $ (1)      
Shares issued to non-employee directors (note 14) (in shares)         6,739        
Shares issued to non-employee directors (note 14)       570     570    
Other shares repurchased/forfeited (in shares)         (677,287) (630,884)      
Other shares repurchased/forfeited       (90,904) $ 0   (90,903)    
Net income $ 254,223     254,223       254,223  
Change in unrealized translation       (19,467)         (19,467)
Comprehensive income attributable to Houlihan Lokey, Inc. 234,756     234,756       254,223 (19,467)
Ending balance (in shares) at Mar. 31, 2023         50,638,924 18,048,345      
Ending balance at Mar. 31, 2023       1,613,297 $ 51 $ 18 642,970 1,033,072 (62,814)
Increase (Decrease) in Stockholders' Equity                  
Shares issued (in shares)           1,767,036      
Shares issued       31,133   $ 1 31,132    
Stock compensation vesting (note 14)       160,846     160,846    
Dividends       (149,954)       (149,954)  
Conversion of Class B to Class A shares (in shares)         1,942,078 (1,942,078)      
Conversion of Class B to Class A shares       0 $ 1 $ (1)      
Shares issued to non-employee directors (note 14) (in shares)         6,609        
Shares issued to non-employee directors (note 14)       587     587    
Other shares repurchased/forfeited (in shares)         (239,100) (1,126,627)      
Other shares repurchased/forfeited       (95,666)   $ (1) (95,665)    
Net income 280,301     280,301       280,301  
Change in unrealized translation       (3,794)         (3,794)
Comprehensive income attributable to Houlihan Lokey, Inc. 276,507     276,507       280,301 (3,794)
Ending balance (in shares) at Mar. 31, 2024   52,348,511 16,746,676   52,348,511 16,746,676      
Ending balance at Mar. 31, 2024 1,836,750     1,836,750 $ 52 $ 17 739,870 1,163,419 (66,608)
Increase (Decrease) in Stockholders' Equity                  
Shares issued (in shares)         91,656 1,978,147      
Shares issued       94,030   $ 2 94,028    
Stock compensation vesting (note 14)       163,599     163,599    
Dividends       (168,392)       (168,392)  
Conversion of Class B to Class A shares (in shares)         1,699,118 (1,699,118)      
Conversion of Class B to Class A shares       0 $ 2 $ (2)      
Shares issued to non-employee directors (note 14) (in shares)         5,248        
Shares issued to non-employee directors (note 14)       710     710    
Other shares repurchased/forfeited (in shares)         (322,344) (1,004,599)      
Other shares repurchased/forfeited       (154,858)   $ (1) (154,857)    
Net income 399,711     399,711       399,711  
Change in unrealized translation       3,327         3,327
Comprehensive income attributable to Houlihan Lokey, Inc. 403,038     403,038       399,711 3,327
Ending balance (in shares) at Mar. 31, 2025   53,822,189 16,021,106   53,822,189 16,021,106      
Ending balance at Mar. 31, 2025 $ 2,174,877     $ 2,174,877 $ 54 $ 16 $ 843,350 $ 1,394,738 $ (63,281)