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Fair Value Measurements (Tables) | 12 Months Ended
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Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Liabilities and Assets | The following tables provide details regarding the classification of these assets and liabilities within the fair value hierarchy as of the dates presented: Financial Instruments of the Company
| As of March 31, 2024
| Level I |  | Level II |  | Level III |  | Total
Liabilities |  |  |  |  |  |  |
Contingent consideration obligations | $ | — |  |  | $ | — |  |  | $ | 53,449 |  |  | $ | 53,449 |
Total liabilities | $ | — |  |  | $ | — |  |  | $ | 53,449 |  |  | $ | 53,449 |
| As of March 31, 2023
| Level I |  | Level II |  | Level III |  | Total
Liabilities |  |  |  |  |  |  |
Contingent consideration obligations | $ | — |  |  | $ | — |  |  | $ | 36,745 |  |  | $ | 36,745 |
Total liabilities | $ | — |  |  | $ | — |  |  | $ | 36,745 |  |  | $ | 36,745 |
Financial Instruments of Consolidated Funds
| As of March 31, 2024
| Level I |  | Level II |  | Level III |  | Total
Assets |  |  |  |  |  |  |
Equity securities | $ | — |  |  | $ | — |  |  | $ | 12,421 |  |  | $ | 12,421 |
Partnership and LLC interests | — |  |  | — |  |  | 1,273 |  |  | 1,273 |
Total assets | $ | — |  |  | $ | — |  |  | $ | 13,694 |  |  | $ | 13,694 |
| As of March 31, 2023
| Level I |  | Level II |  | Level III |  | Total
Assets |  |  |  |  |  |  |
Equity securities | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Partnership and LLC interests | — |  |  | — |  |  | 6,901 |  |  | 6,901 |
Total assets | $ | — |  |  | $ | — |  |  | $ | 6,901 |  |  | $ | 6,901 |
Schedule of Changes in the Fair Value of Level III Financial Instruments | A reconciliation from the beginning balance to the closing balance of Level III financial instruments of the Company are set forth below:
| Year Ended March 31,
Contingent consideration obligations | 2024 |  | 2023
Balance, beginning of year: | $ | 36,745 |  |  |  |  |  |  | $ | 28,025 |  |  |  |  |
Additions | 41 |  |  |  |  |  |  | — |  |  |  |  |
Change in fair value | 16,809 |  |  |  |  |  |  | 9,361 |  |  |  |  |
Settlements | (146) |  |  |  |  |  |  | (641) |  |  |  |  |
Balance, end of year: | $ | 53,449 |  |  |  |  |  |  | $ | 36,745 |  |  |  |  |
Changes in unrealized losses included in earnings related to financial liabilities still held at the reporting date | $ | 16,809 |  |  |  |  |  |  | $ | 9,361 |  |  |  |  |
A reconciliation from the beginning balance to the closing balance of Level III financial instruments of Consolidated Funds are set forth below:
| As of March 31,
| 2024 |  | 2023
Partnership and LLC interests |  |  |
Balance, beginning of period: | $ | 6,901 |  |  | $ | — |
Transfers into Level III | 1,593 |  |  | — |
Transfers out of Level III | (5,067) |  |  | — |
Purchases | 8,813 |  |  | 6,901 |
Change in fair value | 1,454 |  |  | — |
Balance, end of period: | $ | 13,694 |  |  | $ | 6,901 |
Changes in unrealized gains included in earnings related to financial assets still held at the reporting date | $ | 1,454 |  |  | $ | — |

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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