v3.26.1
Stockholders’ Equity and Redeemable Non-Controlling Interests (Tables)
 12 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Rollforward of the Company's Shares of Common Stock Outstanding Since IPO
The following table shows a rollforward of the Company’s shares of common stock outstanding since March 31, 2025:
Class A Common StockClass B Common Stock
March 31, 202576,761,399 39,656,954 
Class A common stock issued in exchange for Class B Partnership units1,019,193 (1,019,193)
Class A common stock issued in exchange for Class C Partnership units34,658 — 
Class A common stock issued in exchange for Class D Partnership units1,892,506 — 
Class A common stock issued for vesting of equity-based awards, net of shares withheld for taxes348,502 — 
Class A common stock issued for purchase of asset class non-controlling interests756,105 — 
Class A common stock issued under ESPP85,764 — 
Class A common stock repurchased and retired(194,574)— 
March 31, 202680,703,553 38,637,761 
Summary of Class A Common Stock Repurchased
The following table presents information about Class A common stock repurchased on the open market:
Year Ended March 31,
(in thousands, except share and per share amounts)202620252024
Shares of Class A common stock repurchased194,574 — — 
Average price paid per share$44.77 $— $— 
Total cost$8,711 $— $— 
Schedule of Dividends
The following table presents information regarding quarterly dividends on Class A common shares for the periods indicated:
Quarterly Fiscal Period1
Dividend Payment DateDividend Per Share of Class A Common Stock
First quarterJune 30, 2023$0.20 
Supplemental2
June 30, 20230.25 
Second quarterSeptember 15, 20230.21 
Third quarterDecember 15, 20230.21 
Fourth quarterMarch 15, 20240.21 
Total dividends paid in FY2024$1.08 
First quarterJune 28, 2024$0.21 
Supplemental2
June 28, 20240.15 
Second quarterSeptember 13, 20240.24 
Third quarterDecember 13, 20240.24 
Fourth quarterMarch 14, 20250.24 
Total dividends paid in FY2025$1.08 
First quarterJune 30, 2025$0.24 
Supplemental2
June 30, 20250.40 
Second quarterSeptember 15, 20250.28 
Third quarterDecember 15, 20250.28 
Fourth quarterMarch 13, 20260.28 
Total dividends paid in FY2026$1.48 
_______________________________
(1)Dividends paid, as reported in this table, relate to the preceding quarterly period in which they were earned.
(2)The supplemental cash dividend relates to earnings in respect of our full fiscal years 2023, 2024 and 2025, respectively.
Schedule of Redeemable Non-Controlling Interests
The following table summarizes the activities associated with the redeemable non-controlling interests in Consolidated Funds:
Year Ended March 31,
20262025
Beginning balance$377,897 $102,623 
Contributions403,323 240,256 
Redemption of redeemable non-controlling interests(53,681)(18,713)
Net income65,988 53,731 
Deconsolidation of consolidated fund(607,291)— 
Ending balance$186,236 $377,897 
The following table summarizes the activities associated with the redeemable non-controlling interests in subsidiaries:
Year Ended March 31,
20262025
Beginning balance$6,327 $115,920 
Net income2,450 758 
Redemption of redeemable non-controlling interests— (110,351)
Ending balance$8,777 $6,327