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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Revenues        
Total revenues $ 91,704 $ 84,583 $ 267,019 $ 238,758
Consolidated variable interest entities related:        
Total revenues 91,704 84,583 267,019 238,758
Expenses        
Compensation and benefits 34,004 28,536 94,028 93,914
Consolidated variable interest entities related:        
Total expenses 50,658 41,864 143,722 128,892
Other income (expense)        
Equity in income of investees 12,924 12,138 60,181 10,938
Interest income 26 658 488 775
Non-operating income 37,043 6,229 65,500 6,830
Consolidated variable interest entities related:        
Unrealized income     47,774 0
Total other income (expense) 50,669 18,342 123,914 14,856
Income before income taxes 91,715 61,061 247,211 124,722
Income tax expense 11,519 6,429 37,515 20,522
Net income 80,196 54,632 209,696 104,200
Net income attributable to Hamilton Lane Incorporated 51,849 33,203 132,161 58,263
Common Class A        
Consolidated variable interest entities related:        
Net income attributable to Hamilton Lane Incorporated $ 51,849 $ 33,203 $ 132,161 $ 58,263
Basic earnings per share of Class A common stock (in dollars per share) $ 1.44 $ 0.96 $ 3.64 $ 1.79
Diluted earnings per share of Class A common stock (in dollars per share) 1.40 0.96 3.59 1.78
Dividends declared per share of Class A common stock (in dollars per share) $ 0.35 $ 0.313 $ 1.05 $ 0.938
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Expenses        
General, administrative and other $ 16,332 $ 13,328 $ 48,742 $ 34,978
Consolidated variable interest entities related:        
General, administrative and other 16,332 13,328 48,742 34,978
Other income (expense)        
Interest expense (1,157) (468) (3,488) (1,448)
Primary Beneficiary        
Expenses        
General, administrative and other 322 0 952 0
Consolidated variable interest entities related:        
General, administrative and other 322 0 952 0
Other income (expense)        
Interest expense (4) 0 (4) 0
Consolidated variable interest entities related:        
Equity in (loss) income of investees (298) (215) 170 (2,239)
Unrealized income 2,135 0 1,067 0
General Partnerships        
Consolidated variable interest entities related:        
Less: (loss) Income attributable to non-controlling interests (119) (68) 167 (346)
Hamilton Lane Advisors, L.L.C.        
Consolidated variable interest entities related:        
Less: (loss) Income attributable to non-controlling interests 26,181 21,497 76,849 46,283
Hamilton Lane Alliance Holdings I, Inc.        
Consolidated variable interest entities related:        
Less: (loss) Income attributable to non-controlling interests 2,285 0 519 0
Management and advisory fees        
Revenues        
Total revenues 79,836 75,279 229,653 208,913
Consolidated variable interest entities related:        
Total revenues 79,836 75,279 229,653 208,913
Incentive fees        
Revenues        
Total revenues 11,868 9,304 37,366 29,845
Consolidated variable interest entities related:        
Total revenues 11,868 9,304 37,366 29,845
Incentive fees | Consolidated Entity Excluding Variable Interest Entities (VIE)        
Revenues        
Total revenues 10,490 8,680 34,217 12,512
Consolidated variable interest entities related:        
Total revenues 10,490 8,680 34,217 12,512
Incentive fees | Primary Beneficiary        
Revenues        
Total revenues 1,378 624 3,149 17,333
Consolidated variable interest entities related:        
Total revenues $ 1,378 $ 624 $ 3,149 $ 17,333