Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating activities:
Net income	$ 59,726	$ 55,675
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,608	1,141
Change in deferred income taxes	4,728	2,866
Change in payable to related parties pursuant to tax receivable agreement	150	(839)
Equity-based compensation	3,483	3,182
Equity in income of investees	(9,877)	(5,162)
Gain on sale of investments valued under the measurement alternative	(4,973)	(11,133)
Proceeds received from investments	4,178	7,525
Other	674	93
Changes in operating assets and liabilities:
Fees receivable	2,676	1,246
Prepaid expenses	(688)	(554)
Due from related parties	(1,570)	1,445
Other assets	360	(1,533)
Accounts payable	(656)	(1,224)
Accrued compensation and benefits	8,898	22,307
Deferred incentive fees	0	(2,541)
Other liabilities	(2,514)	562
Net cash provided by operating activities	66,203	73,056
Investing activities:
Purchase of furniture, fixtures and equipment	(1,296)	(3,225)
Purchase of other investments	(3,967)	0
Proceeds from sales of investments valued under the measurement alternative	6,419	22,532
Distributions received from investments	4,838	4,105
Contributions to investments	(16,774)	(14,832)
Net cash (used in) provided by investing activities	(10,780)	8,580
Financing activities:
Proceeds from offering	147,122	129,626
Purchase of membership interests	(147,122)	(129,626)
Repayments of debt	(1,874)	(11,387)
Draw-down on revolver	15,000	0
Repayment of revolver	(15,000)	0
Secured financing	15,750	0
Contributions from non-controlling interest in general partnerships	29	17
Distributions to non-controlling interest in general partnerships	(702)	(804)
Repurchase of Class B common stock	(2)	(2)
Repurchase of Class A shares for employee tax withholding	(45)	(174)
Proceeds received from issuance of shares under Employee Share Purchase Plan	592	0
Dividends paid	(13,018)	(8,622)
Members’ distributions paid	(32,675)	(32,690)
Net cash used in financing activities	(31,945)	(53,662)
Effect of exchange rate changes on cash and cash equivalents	15	0
Increase in cash, cash equivalents, and restricted cash	23,493	27,974
Cash, cash equivalents, and restricted cash at beginning of the period	51,590	49,383
Cash, cash equivalents, and restricted cash at end of the period	$ 75,083	$ 77,357