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Earnings Per Share (Tables)
 6 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
 
 
Three Months Ended September 30,
 
Six Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
Basic weighted-average shares for EPS
 
107,851

 
112,690

 
108,399

 
113,400

Potential common shares:
 
 
 
 
 
 
 
 
Dilutive employee stock options
 
933

 
1,141

 
1,104

 
1,115

Diluted weighted-average shares outstanding for EPS
 
108,784

 
113,831

 
109,503

 
114,515

 
 
 
 
 
 
 
 
 
Net Income Attributable to Legg Mason, Inc.
 
$
64,319

 
$
4,897

 
$
158,867

 
$
77,085

Less: Earnings (distributed and undistributed) allocated to participating securities
 
1,615

 
142

 
3,951

 
2,054

Net income (distributed and undistributed) allocated to shareholders (excluding participating securities)
 
$
62,704

 
$
4,755

 
$
154,916

 
$
75,031

 
 
 
 
 
 
 
 
 
Net Income per share Attributable to Legg Mason, Inc. Shareholders
 
 
 
 
 
 
 
 
Basic
 
$
0.58

 
$
0.04

 
$
1.43

 
$
0.66

Diluted
 
$
0.58

 
$
0.04

 
$
1.42

 
$
0.66