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Stockholders' Equity and Redeemable Interests (Tables) | 12 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
Schedule of Rollforward of the Company's Shares of Common Stock Outstanding Since IPO | The following table shows a rollforward of the Company’s shares of common stock outstanding since March 31, 2023:
| Class A Common Stock |  | Class B Common Stock
March 31, 2023 | 62,834,791 |  |  | 46,420,141 |
Class A common stock issued in exchange for Class B Partnership units | 1,389,182 |  |  | (1,389,182) |
Class A common stock issued in exchange for Class C Partnership units | 661,873 |  |  | — |
Class A common stock issued for vesting of RSUs, net of shares withheld for employee taxes | 729,056 |  |  | — |
March 31, 2024 | 65,614,902 |  |  | 45,030,959 |
Schedule of Dividends | The following table presents information regarding quarterly dividends on Class A common shares for the periods indicated:
Quarterly Fiscal Period 1 |  | Dividend Payment Date |  | Dividend Per Share of Class A Common Stock
First quarter |  | July 15, 2021 |  | $ | 0.07 |
Second quarter |  | September 15, 2021 |  | 0.07 |
Third quarter |  | December 15, 2021 |  | 0.15 |
Fourth quarter |  | March 15, 2022 |  | 0.15 |
Total dividends paid in FY2022 |  |  |  | $ | 0.44 |
First quarter |  | June 30, 2022 |  | $ | 0.20 |
Second quarter |  | September 15, 2022 |  | 0.20 |
Third quarter |  | December 15, 2022 |  | 0.20 |
Fourth quarter |  | March 15, 2023 |  | 0.20 |
Total dividends paid in FY2023 |  |  |  | $ | 0.80 |
First quarter |  | June 30, 2023 |  | $ | 0.20 |
Supplemental 2 |  | June 30, 2023 |  | 0.25 |
Second quarter |  | September 15, 2023 |  | 0.21 |
Third quarter |  | December 15, 2023 |  | 0.21 |
Fourth quarter |  | March 15, 2024 |  | 0.21 |
Total dividends paid in FY2024 |  |  |  | $ | 1.08 |
_______________________________ (1)Dividends paid, as reported in this table, relate to the preceding quarterly period in which they were earned. (2)The supplemental cash dividend relates to earnings in respect of our full fiscal year 2023.
Redeemable Noncontrolling Interests | The following table summarizes the activities associated with the redeemable non-controlling interests in Consolidated Funds:
| Year Ended March 31,
| 2024 |  | 2023
Beginning balance | $ | 24,530 |  |  | $ | — |
Contributions | 62,255 |  |  | 22,754 |
Net income | 15,838 |  |  | 1,776 |
Ending balance | $ | 102,623 |  |  | $ | 24,530 |
The following table summarizes the activities associated with the redeemable non-controlling interests in subsidiaries:
| Year Ended March 31,
| 2024 |  | 2023
Beginning balance | $ | — |  |  | $ | — |
Reclassification from permanent equity at redemption value | 1,086,492 |  |  | — |
Net income | 5,782 |  |  | — |
Reclassification to permanent equity | (976,354) |  |  | — |
Ending balance | $ | 115,920 |  |  | $ | — |

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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References No definition available. + Details
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