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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 64,292 $ 55,833 $ 128,978 $ 119,195
Expenses        
Compensation and benefits 23,353 22,771 46,999 49,393
General, administrative and other 14,014 11,695 28,061 22,743
Total expenses 37,367 34,466 75,060 72,136
Other income (expense)        
Equity in income of investees 3,664 5,276 9,877 5,162
Interest expense (745) (728) (1,562) (1,493)
Interest income 148 43 428 85
Non-operating income 4,957 12,194 4,078 12,059
Total other income (expense) 8,024 16,785 12,821 15,813
Income before income taxes 34,949 38,152 66,739 62,872
Income tax expense 2,676 5,580 7,013 7,197
Net income 32,273 32,572 59,726 55,675
Net income attributable to Hamilton Lane Incorporated $ 15,299 $ 11,222 $ 26,680 $ 20,067
Common Class A        
Other income (expense)        
Basic earnings per share of Class A common stock (in dollars per share) $ 0.56 $ 0.49 $ 0.99 $ 0.89
Diluted earnings per share of Class A common stock (in dollars per share) 0.56 0.49 0.98 0.88
Dividends declared per share of Class A common stock (in dollars per share) $ 0.275 $ 0.2125 $ 0.55 $ 0.425
General Partnerships        
Other income (expense)        
Less: (Loss) income attributable to non-controlling interests $ 45 $ 514 $ 549 $ 394
Hamilton Lane Advisors, L.L.C.        
Other income (expense)        
Less: (Loss) income attributable to non-controlling interests 16,929 20,836 32,497 35,214
Management and advisory fees        
Revenues        
Total revenues 59,196 53,248 119,747 104,227
Incentive fees        
Revenues        
Total revenues $ 5,096 $ 2,585 $ 9,231 $ 14,968