| Supplemental Cash Flow |
15. Supplemental Cash Flow | | | | | | | | | | | | | | | | | | | Year Ended March 31, | | 2026 | | 2025 | | 2024 | | Cash paid during the year for interest | $ | 11,850 | | | $ | 10,399 | | | $ | 11,049 | | | Cash paid during the year for income taxes | $ | 54,433 | | | $ | 27,036 | | | $ | 39,758 | | | Non-cash operating activities: | | | | | | | Establishment of lease liability in exchange for ROU asset | $ | 7,030 | | | $ | 5,087 | | | $ | 5,903 | | | Deconsolidation of net (assets)/ liabilities held by deconsolidated fund | $ | 6,042 | | | $ | (3,568) | | | $ | 6,095 | | | Other | $ | — | | | $ | 311 | | | $ | — | | | Non-cash investing activities: | | | | | | | Investments purchased by Consolidated Fund not yet paid | $ | (5,800) | | | $ | — | | | $ | — | | | Deconsolidation of investments held by deconsolidated fund | $ | 23,846 | | | $ | 9,758 | | | $ | 103,990 | | | Transfer of equity method investment in Funds from deconsolidated fund | $ | 12,324 | | | $ | 27,240 | | | $ | 32,018 | | | Conversion of note receivable | $ | — | | | $ | 2,161 | | | $ | — | | | | | | | | | Purchase of other equity method investment | $ | — | | | $ | — | | | $ | 2,000 | | | Non-cash financing activities: | | | | | | | Establishment of payable to related parties pursuant to tax receivable agreement | $ | 10,280 | | | $ | 49,029 | | | $ | 37,526 | | | | | | | | | Dividends declared but not paid | $ | 22,520 | | | $ | 20,233 | | | $ | 17,628 | | | Members’ distributions declared but not paid | $ | 27,066 | | | $ | 26,810 | | | $ | 23,815 | | | Warrant related asset | $ | 8,367 | | | $ | — | | | $ | — | |
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