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Stockholders' Equity and Redeemable Interests (Tables)
12 Months Ended
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 StockClass B Common Stock
March 31, 202362,834,791 46,420,141 
Class A common stock issued in exchange for Class B Partnership units1,389,182 (1,389,182)
Class A common stock issued in exchange for Class C Partnership units661,873 — 
Class A common stock issued for vesting of RSUs, net of shares withheld for employee taxes729,056 — 
March 31, 202465,614,902 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 Period1
Dividend Payment DateDividend Per Share of Class A Common Stock
First quarterJuly 15, 2021$0.07 
Second quarterSeptember 15, 20210.07 
Third quarterDecember 15, 20210.15 
Fourth quarterMarch 15, 20220.15 
Total dividends paid in FY2022$0.44 
First quarterJune 30, 2022$0.20 
Second quarterSeptember 15, 20220.20 
Third quarterDecember 15, 20220.20 
Fourth quarterMarch 15, 20230.20 
Total dividends paid in FY2023$0.80 
First quarterJune 30, 2023$0.20 
Supplemental2
June 30, 20230.25 
Second quarterSeptember 15, 20230.21 
Third quarterDecember 15, 20230.21 
Fourth quarterMarch 15, 20240.21 
Total dividends paid in FY2024$1.08 
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(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,
20242023
Beginning balance$24,530 $— 
Contributions62,255 22,754 
Net income15,838 1,776 
Ending balance$102,623 $24,530 
The following table summarizes the activities associated with the redeemable non-controlling interests in subsidiaries:
Year Ended March 31,
20242023
Beginning balance$— $— 
Reclassification from permanent equity at redemption value1,086,492 — 
Net income5,782 — 
Reclassification to permanent equity(976,354)— 
Ending balance$115,920 $—