Earnings per Share (Tables)

9 Months Ended

Dec. 31, 2022

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock:


	Three Months Ended December 31, 2022					Three Months Ended December 31, 2021
	Net income attributable to Class A Stockholders		Weighted-Average Shares	Per share amount		Net income attributable to Class A Stockholders		Weighted-Average Shares	Per share amount
Net income attributable to HLI	$	9,669				$	51,849
Impact of changes in carrying amount of redeemable NCI	2,095					1,308
Basic EPS of Class A common stock	$	11,764	37,025,416	$	0.32	$	53,157	36,902,741	$	1.44
Adjustment to net income:
Assumed vesting of employee awards	5					66
Assumed conversion of Class B and Class C Units	5,058					21,946
Effect of dilutive securities:
Assumed vesting of employee awards			68,129					165,569
Assumed conversion of Class B and Class C Units			16,675,834					16,675,834
Diluted EPS of Class A common stock	$	16,827	53,769,379	$	0.31	$	75,169	53,744,144	$	1.40

	Nine Months Ended December 31, 2022					Nine Months Ended December 31, 2021
	Net income attributable to Class A Stockholders		Weighted-Average Shares	Per share amount		Net income attributable to Class A Stockholders		Weighted-Average Shares	Per share amount
Net income attributable to HLI	$	78,034				$	132,161
Impact of changes in carrying amount of redeemable NCI	3,809					358
Basic EPS of Class A common stock	$	81,843	37,004,657	$	2.21	$	132,519	36,375,797	$	3.64
Adjustment to net income:
Assumed vesting of employee awards	34					156
Assumed conversion of Class B and Class C Units	35,968					60,083
Effect of dilutive securities:
Assumed vesting of employee awards			53,030					138,902
Assumed conversion of Class B and Class C Units			16,675,834					17,192,702
Diluted EPS of Class A common stock	$	117,845	53,733,521	$	2.19	$	192,758	53,707,401	$	3.59