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Earnings per Share (Tables)
 6 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Basic Earnings Per Share
The following table presents the basic earnings per share ("EPS") for a share of Class A common stock:
Three Months Ended September 30,Six Months Ended September 30,
2024202320242023
Net income attributable to HLI$54,982 $41,994 $113,946 $72,992 
Weighted Average Shares
39,704,607 37,718,210 39,700,166 37,713,038 
Basic EPS of Class A common stock$1.38 $1.11 $2.87 $1.94 
Schedule of Diluted Earnings Per Share
The following table presents the diluted EPS for a share of Class A common stock:

Three Months Ended September 30,Six Months Ended September 30,
2024202320242023
Numerator
Net income attributable to Class A common stockholders - basic$54,982 $41,994 $113,946 $72,992 
Adjustments to net income:
Assumed vesting of employee awards(1)
91 44 152 53 
Assumed conversion of Class B and Class C units19,346 17,824 39,994 30,177 
Net income attributable to Class A common stockholders
$74,419 $59,862 $154,092 $103,222 
Denominator
Weighted-average shares of Class A common stock outstanding - basic39,704,607 37,718,210 39,700,166 37,713,038 
Weighted-average effect of dilutive securities:
Assumed vesting of employee awards(1)
254,578 133,775 205,379 94,622 
Assumed conversion of Class B and Class C units14,221,775 16,089,097 14,221,775 16,089,097 
Weighted-average shares of Class A common stock outstanding
54,180,96053,941,08254,127,32053,896,757
Diluted EPS of Class A common stock$1.37 $1.11 $2.85 $1.92 
(1) Includes Performance Awards that have met their market condition but have not satisfied the service condition.
Schedule of Weighted-Average Shares Excluded from Calculation of Diluted Earnings Per Share
The following table presents the weighted-average shares excluded from the calculation of diluted EPS of Class A common stock:
Three Months Ended September 30,Six Months Ended September 30,
Shares2024202320242023
Performance Awards(1)
503,302 508,716 411,954 513,313 
(1) Performances Awards for which the market condition has not been achieved as of the period reported.