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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Total revenues $ 126,876 $ 153,382 $ 251,914 $ 288,891
Expenses        
Compensation and benefits 45,930 60,364 90,032 112,558
Total expenses 71,279 83,556 141,375 156,540
Other income (expense)        
Equity in income (loss) of investees 8,251 (7,518) 20,117 (8,143)
Interest income 1,099 1,107 2,036 1,276
Non-operating (loss) income (1,215) 11,738 (982) 16,081
Consolidated variable interest entities related:        
Total other income (expense) 10,762 3,402 23,567 8,492
Income before income taxes 66,359 73,228 134,106 140,843
Income tax expense 1,856 15,489 18,256 26,977
Net income 64,503 57,739 115,850 113,866
Net income attributable to Hamilton Lane Incorporated 41,994 34,881 72,992 68,365
Class A Common Stock        
Consolidated variable interest entities related:        
Net income attributable to Hamilton Lane Incorporated $ 41,994 $ 34,881 $ 72,992 $ 68,365
Basic earnings per share of Class A common stock (in dollars per share) $ 1.11 $ 0.98 $ 1.94 $ 1.89
Diluted earnings per share of Class A common stock (in dollars per share) 1.11 0.97 1.92 1.88
Dividends declared per share of Class A common stock (in dollars per share) $ 0.45 $ 0.40 $ 0.89 $ 0.80
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Expenses        
General, administrative and other $ 24,994 $ 22,836 $ 50,755 $ 43,350
Other income (expense)        
Interest expense (2,743) (2,114) (5,632) (3,609)
Consolidated VIEs        
Expenses        
General, administrative and other 355 356 588 632
Other income (expense)        
Interest expense 0 0 (6) 0
Interest income 2,841 0 4,581 0
Consolidated variable interest entities related:        
Equity in income (loss) of investees 288 (91) 419 641
Unrealized gain 2,241 280 3,034 2,246
General Partnerships        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 87 43 88 351
Hamilton Lane Advisors, L.L.C.        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 18,654 22,012 37,790 42,180
Consolidated Funds        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 3,768 0 4,980 0
Hamilton Lane Alliance Holdings I, Inc.        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 0 803 0 2,970
Management and advisory fees        
Revenues        
Total revenues 109,184 92,880 214,592 178,826
Incentive fees        
Revenues        
Total revenues 17,692 60,502 37,322 110,065
Incentive fees | Consolidated Entity Excluding Variable Interest Entities (VIE)        
Revenues        
Total revenues 17,692 59,237 37,322 108,760
Incentive fees | Consolidated VIEs        
Revenues        
Total revenues $ 0 $ 1,265 $ 0 $ 1,305