v3.26.1
Earnings per Share (Tables)
 3 Months Ended
Jun. 30, 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:
Three Months Ended June 30,
20262025
Net income attributable to HLI$80,461 $53,745 
Weighted-average shares41,499,227 41,374,860 
Basic EPS of Class A common stock$1.94 $1.30 
Schedule of Diluted Earnings Per Share
The following table presents the diluted EPS for a share of Class A common stock:
Three Months Ended June 30,
20262025
Numerator
Net income attributable to Class A common stockholders - basic$80,461 $53,745 
Adjustments to net income:
Assumed vesting of employee awards106 130 
Assumed conversion of Class B and Class C units23,566 15,906 
Net income attributable to Class A common stockholders
$104,133 $69,781 
Denominator
Weighted-average shares of Class A common stock outstanding - basic41,499,227 41,374,860 
Weighted-average effect of dilutive securities:
Assumed vesting of employee awards243,601 437,895 
Assumed conversion of Class B and Class C units12,280,789 12,659,494 
Weighted-average shares of Class A common stock outstanding
54,023,61754,472,249
Diluted EPS of Class A common stock$1.93 $1.28 
Schedule of Weighted-Average Shares Excluded from Calculation of Diluted Earnings Per Share
The following table presents the weighted-average 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:
Three Months Ended June 30,
Shares20262025
Performance Awards1,383,362 1,298,878 
Restricted Awards391,355 — 
Warrant Shares400,000 —