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Consolidated Quarterly Results of Operations (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Quarterly Financial Information Disclosure [Abstract]                      
Revenues $ 302,694 $ 333,515 $ 272,810 $ 250,349 $ 291,378 $ 298,013 $ 274,992 $ 220,002 $ 1,159,368 $ 1,084,385 $ 963,364
Total operating expenses 234,039 265,499 227,657 202,572 230,827 235,770 218,817 179,874 929,767 865,288 748,951
Operating income 68,655 68,016 45,153 47,777 60,551 62,243 56,175 40,128 $ 229,601 $ 219,097 $ 214,413
Net income attributable to Houlihan Lokey, Inc. $ 59,014 $ 48,894 $ 33,110 $ 42,775 $ 45,348 $ 43,957 $ 40,119 $ 29,682      
Earnings per share                      
Basic (in usd per share) $ 0.95 $ 0.79 $ 0.53 $ 0.69 $ 0.74 $ 0.71 $ 0.64 $ 0.47 $ 2.96 $ 2.56 $ 2.76
Diluted (in usd per share) 0.90 0.75 0.50 0.65 0.69 0.67 0.61 0.45 $ 2.80 $ 2.42 $ 2.60
Dividends declared per share of common stock (in usd per share) $ 0.31 $ 0.31 $ 0.31 $ 0.31 $ 0.31 $ 0.27 $ 0.27 $ 0.27