CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Common stock Class A Common Stock	Common stock Class B Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Mar. 31, 2024				52,348,511	16,746,676
Beginning balance at Mar. 31, 2024	$ 1,836,750			$ 52	$ 17	$ 739,870	$ 1,163,419	$ (66,608)
Increase (Decrease) in Stockholders' Equity
Shares issued (in shares)				96,904	1,248,217
Shares issued	22,233				$ 1	22,232
Stock compensation expense (Note 14)	75,131					75,131
Dividends	(85,958)						(85,958)
Conversion of Class B to Class A shares (in shares)				958,524	958,524
Conversion of Class B to Class A shares	0			$ 1	$ (1)
Other shares repurchased/forfeited (in shares)					(953,631)
Other shares repurchased/forfeited	(101,957)				$ (1)	(101,956)
Net income	182,489						182,489
Total comprehensive income	28,399							28,399
Ending balance (in shares) at Sep. 30, 2024				53,403,939	16,082,738
Ending balance at Sep. 30, 2024	1,957,087			$ 53	$ 16	735,277	1,259,950	(38,209)
Beginning balance (in shares) at Jun. 30, 2024				53,053,499	16,456,793
Beginning balance at Jun. 30, 2024	1,829,478			$ 53	$ 16	691,651	1,207,328	(69,570)
Increase (Decrease) in Stockholders' Equity
Shares issued (in shares)					29,576
Stock compensation expense (Note 14)	44,349					44,349
Dividends	(40,927)						(40,927)
Conversion of Class B to Class A shares (in shares)				350,440	350,440
Other shares repurchased/forfeited (in shares)					(53,191)
Other shares repurchased/forfeited	(723)					(723)
Net income	93,549						93,549
Total comprehensive income	31,361							31,361
Ending balance (in shares) at Sep. 30, 2024				53,403,939	16,082,738
Ending balance at Sep. 30, 2024	1,957,087			$ 53	$ 16	735,277	1,259,950	(38,209)
Beginning balance (in shares) at Mar. 31, 2025		53,822,189	16,021,106	53,822,189	16,021,106
Beginning balance at Mar. 31, 2025	2,174,877			$ 54	$ 16	843,350	1,394,738	(63,281)
Increase (Decrease) in Stockholders' Equity
Shares issued (in shares)				3,998	1,403,809
Shares issued	3,761				$ 2	3,759
Stock compensation expense (Note 14)	87,923					87,923
Dividends	(87,898)						(87,898)
Conversion of Class B to Class A shares (in shares)				942,748	942,748
Conversion of Class B to Class A shares	0			$ 1	$ (1)
Other shares repurchased/forfeited (in shares)				(195,566)	(917,308)
Other shares repurchased/forfeited	(175,340)				$ (1)	(175,339)
Net income	209,314						209,314
Total comprehensive income	34,255							34,255
Ending balance (in shares) at Sep. 30, 2025		54,573,369	15,564,859	54,573,369	15,564,859
Ending balance at Sep. 30, 2025	2,246,892			$ 55	$ 16	759,693	1,516,154	(29,026)
Beginning balance (in shares) at Jun. 30, 2025				54,330,177	16,004,974
Beginning balance at Jun. 30, 2025	2,177,816			$ 54	$ 16	743,715	1,448,993	(14,962)
Increase (Decrease) in Stockholders' Equity
Shares issued (in shares)					12,764
Shares issued	1				$ 1
Stock compensation expense (Note 14)	46,455					46,455
Dividends	(44,620)						(44,620)
Conversion of Class B to Class A shares (in shares)				389,930	389,930
Conversion of Class B to Class A shares	0			$ 1	$ (1)
Other shares repurchased/forfeited (in shares)				(146,738)	(62,949)
Other shares repurchased/forfeited	(30,477)					(30,477)
Net income	111,781						111,781
Total comprehensive income	(14,064)							(14,064)
Ending balance (in shares) at Sep. 30, 2025		54,573,369	15,564,859	54,573,369	15,564,859
Ending balance at Sep. 30, 2025	$ 2,246,892			$ 55	$ 16	$ 759,693	$ 1,516,154	$ (29,026)

HOULIHAN LOKEY, INC. 10-Q