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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues $ 153,382 $ 96,320 $ 288,891 $ 175,315
Consolidated variable interest entities related:        
Total revenues 153,382 96,320 288,891 175,315
Expenses        
Compensation and benefits 60,364 33,292 112,558 60,024
Consolidated variable interest entities related:        
Total expenses 83,556 49,819 156,540 93,064
Other income (expense)        
Equity in (loss) income of investees (7,518) 27,208 (8,143) 47,257
Interest income 1,107 39 1,276 462
Non-operating income 11,738 24,854 16,081 28,457
Consolidated variable interest entities related:        
Unrealized income (loss)     5,352 27,838
Total other income (expense) 3,402 52,351 8,492 73,246
Income before income taxes 73,228 98,852 140,843 155,497
Income tax expense 15,489 14,032 26,977 25,996
Net income 57,739 84,820 113,866 129,501
Net income attributable to Hamilton Lane Incorporated 34,881 52,145 68,365 80,313
Class A Common Stock        
Consolidated variable interest entities related:        
Net income attributable to Hamilton Lane Incorporated $ 34,881 $ 52,145 $ 68,365 $ 80,313
Basic earnings per share of Class A common stock (in dollars per share) $ 0.98 $ 1.41 $ 1.89 $ 2.20
Diluted earnings per share of Class A common stock (in dollars per share) 0.97 1.41 1.88 2.19
Dividends declared per share of Class A common stock (in dollars per share) $ 0.40 $ 0.35 $ 0.80 $ 0.70
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Expenses        
General, administrative and other $ 22,836 $ 16,256 $ 43,350 $ 32,410
Consolidated variable interest entities related:        
General, administrative and other 22,836 16,256 43,350 32,410
Other income (expense)        
Interest expense (2,114) (1,166) (3,609) (2,331)
Primary Beneficiary        
Expenses        
General, administrative and other 356 271 632 630
Consolidated variable interest entities related:        
General, administrative and other 356 271 632 630
Consolidated variable interest entities related:        
Equity in (loss) income of investees (91) 240 641 469
Unrealized income (loss) 280 1,176 2,246 (1,068)
General Partnerships        
Consolidated variable interest entities related:        
Less: (loss) Income attributable to non-controlling interests 43 73 351 286
Hamilton Lane Advisors, L.L.C.        
Consolidated variable interest entities related:        
Less: (loss) Income attributable to non-controlling interests 22,012 31,372 42,180 50,668
Hamilton Lane Alliance Holdings I, Inc.        
Consolidated variable interest entities related:        
Less: (loss) Income attributable to non-controlling interests 803 1,230 2,970 (1,766)
Management and advisory fees        
Revenues        
Total revenues 92,880 75,934 178,826 149,818
Consolidated variable interest entities related:        
Total revenues 92,880 75,934 178,826 149,818
Incentive fees        
Revenues        
Total revenues 60,502 20,386 110,065 25,497
Consolidated variable interest entities related:        
Total revenues 60,502 20,386 110,065 25,497
Incentive fees | Consolidated Entity Excluding Variable Interest Entities (VIE)        
Revenues        
Total revenues 59,237 21,362 108,760 23,726
Consolidated variable interest entities related:        
Total revenues 59,237 21,362 108,760 23,726
Incentive fees | Primary Beneficiary        
Revenues        
Total revenues 1,265 (976) 1,305 1,771
Consolidated variable interest entities related:        
Total revenues $ 1,265 $ (976) $ 1,305 $ 1,771