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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]      
Revenues $ 1,809,447 $ 2,269,958 $ 1,525,452
Operating expenses:      
Employee compensation and benefits 1,147,879 1,408,634 971,195
Travel, meals, and entertainment 51,082 22,465 6,527
Rent 55,838 47,747 39,233
Depreciation and amortization 58,221 48,537 15,228
Information technology and communications 54,125 41,714 31,646
Professional fees 32,940 38,349 24,681
Other operating expenses 67,624 49,648 28,785
Total operating expenses 1,467,709 1,657,094 1,117,295
Operating income 341,738 612,864 408,157
Other (income)/expense, net 17,738 8,926 (1,071)
Income before provision for income taxes 324,000 603,938 409,228
Provision for income taxes 69,777 165,614 96,457
Net income 254,223 438,324 312,771
Net income attributable to noncontrolling interest 0 (573) 0
Net income attributable to Houlihan Lokey, Inc. 254,223 437,751 312,771
Other comprehensive income, net of tax:      
Foreign currency translation adjustments (19,467) (23,171) 22,932
Comprehensive income attributable to Houlihan Lokey, Inc. $ 234,756 $ 414,580 $ 335,703
Weighted average shares of common stock outstanding:      
Basic (in shares) 63,358,408 64,970,287 65,785,042
Diluted (in shares) 67,586,263 68,259,708 68,671,248
Earnings per share (Note 13)      
Basic (in usd per share) $ 4.01 $ 6.74 $ 4.75
Diluted (in usd per share) $ 3.76 $ 6.41 $ 4.55