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VIE Consolidated Income Statements Details (Details 2) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Condensed Income Statements, Captions [Line Items]        
Net Income (Loss) Attributable to Noncontrolling Interest $ 19,324 $ 13,088 $ 43,901 $ 45,067
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]        
Condensed Income Statements, Captions [Line Items]        
Revenues 793,373 [1] 715,601 2,355,620 2,164,162
Total Operating Expenses 819,984 [1] 604,075 2,130,412 1,851,199
OPERATING INCOME (26,611) [1] 111,526 225,208 312,963
Total Other Non-Operating Income (Expense) (19,970) [1] (20,545) (55,892) (53,063)
INCOME BEFORE INCOME TAX PROVISION (46,581) [1] 90,981 169,316 259,900
Income tax provision (209,396) [1] 26,441 (142,468) 71,654
NET INCOME 162,815 [1] 64,540 311,784 188,246
Net Income (Loss) Attributable to Noncontrolling Interest 13,593 [1] 13,101 35,978 36,914
Net Income Attributable to Legg Mason, Inc. 149,222 [1] 51,439 275,806 151,332
Variable Interest Entity, Primary Beneficiary [Member]        
Condensed Income Statements, Captions [Line Items]        
Revenues 0 [1] 0 [1] 0 0
Total Operating Expenses 555 [1] 383 749 606
OPERATING INCOME (555) [1] (383) (749) (606)
Total Other Non-Operating Income (Expense) 7,940 [1] 793 11,310 10,444
INCOME BEFORE INCOME TAX PROVISION 7,385 [1] 410 10,561 9,838
Income tax provision 0 [1] 0 [1] 0 0
NET INCOME 7,385 [1] 410 10,561 9,838
Net Income (Loss) Attributable to Noncontrolling Interest (285) [1] (4) (5) 552
Net Income Attributable to Legg Mason, Inc. 7,670 [1] 414 10,566 9,286
Consolidated Legg Mason, Inc.        
Condensed Income Statements, Captions [Line Items]        
Revenues 793,090 715,241 2,355,270 2,163,776
Total Operating Expenses 820,423 604,075 2,130,979 1,851,422
OPERATING INCOME (27,333) 111,166 224,291 312,354
Total Other Non-Operating Income (Expense) (13,517) (20,198) (47,052) (44,301)
INCOME BEFORE INCOME TAX PROVISION (40,850) 90,968 177,239 268,053
Income tax provision (209,396) 26,441 (142,468) 71,654
NET INCOME 168,546 64,527 319,707 196,399
Net Income (Loss) Attributable to Noncontrolling Interest 19,324 13,088 43,901 45,067
Net Income Attributable to Legg Mason, Inc. 149,222 51,439 275,806 151,332
Consolidation, Eliminations [Member]        
Condensed Income Statements, Captions [Line Items]        
Revenues (283) (360) (350) (386)
Total Operating Expenses (116) (383) (182) (383)
OPERATING INCOME (167) 23 (168) (3)
Total Other Non-Operating Income (Expense) (1,487) (446) (2,470) (1,682)
INCOME BEFORE INCOME TAX PROVISION (1,654) (423) (2,638) (1,685)
Income tax provision 0 0 0 0
NET INCOME (1,654) (423) (2,638) (1,685)
Net Income (Loss) Attributable to Noncontrolling Interest 6,016 (9) 7,928 7,601
Net Income Attributable to Legg Mason, Inc. $ (7,670) $ (414) $ (10,566) $ (9,286)
[1] Three Months Ended December 31, 2017 December 31, 2016 Balance BeforeConsolidation of CIVs and Other(1) CIVs and Other(1) Eliminations Consolidated Totals Balance BeforeConsolidation of CIVs and Other(1) CIVs and Other(1) Eliminations Consolidated TotalsTotal Operating Revenues $793,373 $— $(283) $793,090 $715,601 $— $(360) $715,241Total Operating Expenses 819,984 555 (116) 820,423 604,075 383 (383) 604,075Operating Income (Loss) (26,611) (555) (167) (27,333) 111,526 (383) 23 111,166Total Non-Operating Income (Expense) (19,970) 7,940 (1,487) (13,517) (20,545) 793 (446) (20,198)Income (Loss) Before Income Tax Provision (Benefit) (46,581) 7,385 (1,654) (40,850) 90,981 410 (423) 90,968Income tax provision (benefit) (209,396) — — (209,396) 26,441 — — 26,441Net Income 162,815 7,385 (1,654) 168,546 64,540 410 (423) 64,527Less: Net income (loss) attributable to noncontrolling interests 13,593 (285) 6,016 19,324 13,101 (4) (9) 13,088Net Income Attributable to Legg Mason, Inc. $149,222 $7,670 $(7,670) $149,222 $51,439 $414 $(414) $51,439(1)Other represents consolidated sponsored investment products (VREs) that are not designated as CIVs.