v3.26.1
Earnings per Share (Tables)
 12 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Basic Earnings Per Share
The following table presents the basic earnings per share (“EPS”) for a share of Class A common stock:
Year Ended March 31,
202620252024
Net income attributable to HLI$249,180 $217,417 $140,858 
Weighted Average Shares41,605,636 39,922,212 37,858,177 
Basic EPS of Class A common stock$5.99 $5.45 $3.72 
Schedule of Diluted Earnings Per Share
The following table presents the diluted EPS for a share of Class A common stock:
Year Ended March 31,
202620252024
Numerator
Net income attributable to Class A common stockholders - basic$249,180 $217,417 $140,858 
Adjustments to net income:
Assumed vesting of employee awards567 544 90 
Assumed conversion of Class B and Class C units72,665 — 58,209 
Net income attributable to Class A common stockholders
$322,412 $217,961 $199,157 
Denominator
Weighted-average shares of Class A common stock outstanding - basic41,605,636 39,922,212 37,858,177 
Assumed vesting of employee awards421,111 385,606 82,742 
Assumed conversion of Class B and Class C units12,442,646 — 15,961,548 
Weighted-average shares of Class A common stock outstanding
54,469,393 40,307,81853,902,467
Diluted EPS of Class A common stock$5.92 $5.41 $3.69 
Schedule of Weighted-Average Shares Excluded from Calculation of Diluted Earnings Per Share
The following table presents the weighted-average Performance Awards and the Warrant shares excluded from diluted EPS that would have been antidilutive or for which the market or performance conditions have not been achieved as of the period reported:
Year Ended March 31,
202620252024
Performance Awards
1,346,727774,359528,282
Warrant Shares99,726——
Outstanding Class B and C units of HLA— 14,016,324 —