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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenues        
Total revenues $ 68,138 $ 65,996 $ 197,116 $ 185,191
Expenses        
Compensation and benefits 23,369 23,843 70,368 73,236
General, administrative and other 15,877 13,916 43,938 36,659
Total expenses 39,246 37,759 114,306 109,895
Other income (expense)        
Equity in income of investees 4,454 4,934 14,331 10,096
Interest expense (651) (767) (2,213) (2,260)
Interest income 196 82 624 167
Non-operating income 97 8,892 4,175 20,951
Total other income (expense) 4,096 13,141 16,917 28,954
Income before income taxes 32,988 41,378 99,727 104,250
Income tax expense 4,551 18,463 11,564 25,660
Net income 28,437 22,915 88,163 78,590
Net income attributable to Hamilton Lane Incorporated $ 13,497 $ 5,458 $ 40,177 $ 25,525
Common Class A        
Other income (expense)        
Basic earnings per share of Class A common stock (in dollars per share) $ 0.46 $ 0.22 $ 1.45 $ 1.09
Diluted earnings per share of Class A common stock (in dollars per share) 0.46 0.22 1.44 1.08
Dividends declared per share of Class A common stock (in dollars per share) $ 0.275 $ 0.2125 $ 0.825 $ 0.6375
General Partnerships        
Other income (expense)        
Less: (Loss) income attributable to non-controlling interests $ 44 $ 681 $ 593 $ 1,075
Hamilton Lane Advisors, L.L.C.        
Other income (expense)        
Less: (Loss) income attributable to non-controlling interests 14,896 16,776 47,393 51,990
Management and advisory fees        
Revenues        
Total revenues 59,837 55,617 179,584 159,844
Incentive fees        
Revenues        
Total revenues $ 8,301 $ 10,379 $ 17,532 $ 25,347