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Earnings per Share | 12 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share Basic earnings per share of Class A common stock is computed by dividing net income attributable to HLI by the weighted-average number of shares of Class A common stock outstanding. Diluted earnings per share of Class A common stock is computed by dividing net income attributable to HLI by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities. Shares of the Company’s Class B common stock do not share in the earnings or losses attributable to HLI and therefore are not participating securities. As a result, a separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been included. Shares of the Company’s Class B common stock are, however, considered potentially dilutive to the Class A common stock because each share of Class B common stock, together with a corresponding Class B unit, is exchangeable for a share of Class A common stock on a one-for-one basis. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock:
| Year Ended March 31, 2020 |  |  |  |  |  | Year Ended March 31, 2019 |  |  |  |
| Net income attributable to HLI |  | Weighted-Average Shares |  | Per share amount |  | Net income attributable to HLI |  | Weighted-Average Shares |  | Per share amount
Basic EPS of Class A common stock | $ | 60,825 |  |  | 28,088,578 |  |  | $ | 2.17 |  |  | $ | 33,573 |  |  | 23,836,401 |  | $ | 1.41 |
Adjustment to net income: |  |  |  |  |  |  |  |  |  |  |
Assumed exercise and vesting of employee awards | 352 |  |  |  |  |  |  | 355 |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Assumed exercise and vesting of employee awards |  |  | 350,194 |  |  |  |  |  |  | 462,394 |  |  |
Diluted EPS of Class A common stock | $ | 61,177 |  |  | 28,438,772 |  |  | $ | 2.15 |  |  | $ | 33,928 |  |  | 24,298,795 |  |  | $ | 1.40 |
| Year Ended March 31, 2018 |  |  |  |
| Net income attributable to HLI |  | Weighted-Average Shares |  | Per share amount
Basic EPS of Class A common stock | 17,341 |  | 18,414,715 |  | $ | 0.94 |
Adjustment to net income: |  |  |  |  |
Assumed exercise and vesting of employee awards | 356 |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |
Assumed exercise and vesting of employee awards |  |  | 575,654 |  |  |
Diluted EPS of Class A common stock | $ | 17,697 |  |  | 18,990,369 |  |  | $ | 0.93 |
The calculations of diluted earnings per share exclude 23,968,994, 26,420,627, and 30,603,983 outstanding Class B and C units of HLA for the years ended March 31, 2020, 2019 and 2018, respectively, which are exchangeable into Class A common stock under the “if-converted” method, because the inclusion of such shares would be antidilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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