| Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 |
|---|---|---|---|---|---|---|
Revenues | ||||||
1,159,368 | 1,084,385 | 963,364 | 872,091 | 693,765 | 680,872 | 592,450 |
Operating expenses: | ||||||
Employee compensation and benefits | ||||||
737,762 | 692,073 | 636,631 | 582,244 | 461,609 | 475,100 | 414,918 |
Travel, meals, and entertainment | ||||||
41,945 | 42,862 | 26,445 | 21,707 | 20,955 | 17,928 | 15,113 |
Rent | ||||||
44,693 | 38,672 | 28,560 | 27,094 | 26,459 | 24,253 | 22,386 |
Depreciation and amortization | ||||||
17,291 | 14,475 | 7,905 | 8,853 | 7,499 | 5,508 | 6,040 |
Information technology and communications | ||||||
26,904 | 21,512 | 18,481 | 17,628 | 16,017 | 14,013 | 12,272 |
Professional fees | ||||||
21,704 | 23,035 | 17,117 | 13,073 | 20,687 | 5,563 | 3,398 |
Other operating expenses | ||||||
39,468 | 32,659 | 13,812 | 19,497 | 14,139 | 7,826 | 13,010 |
Provision for bad debts | ||||||
- | - | - | - | - | 2,027 | 2,465 |
Operating Expenses | ||||||
929,767 | 865,288 | 748,951 | 690,096 | 567,365 | 552,218 | 489,602 |
Operating income | ||||||
229,601 | 219,097 | 214,413 | 181,995 | 126,400 | 128,654 | 102,848 |
Nonoperating Income (Expense) | ||||||
6,046 | 5,223 | 3,423 | -3,508 | -770 | 3,481 | 2,478 |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ||||||
235,647 | 224,320 | 217,836 | 178,487 | 125,630 | 132,135 | 105,326 |
Provision for income taxes | ||||||
51,854 | 65,214 | 45,553 | 70,144 | 55,863 | 52,196 | 43,898 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
183,793 | 159,106 | 172,283 | 108,343 | 69,767 | 79,939 | 61,428 |
Net income attributable to noncontrolling interests | ||||||
- | - | - | - | 26 | 58 | 108 |
Net income attributable to Houlihan Lokey, Inc. | ||||||
- | - | - | - | 69,741 | 79,881 | 61,320 |
Other comprehensive income, net of tax: | ||||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent | ||||||
-12,814 | -16,338 | 7,961 | -7,304 | -3,275 | -2,435 | 1,271 |
Comprehensive income | ||||||
170,979 | 142,768 | 180,244 | 101,039 | 66,466 | 77,446 | 62,591 |
Weighted average shares of common stock outstanding: | ||||||
Basic (in shares) | ||||||
62,152 | 62,213 | 62,494 | 61,100 | 59,044 | 57,134 | 55,050 |
Diluted (in shares) | ||||||
65,725 | 65,846 | 66,324 | 66,579 | 63,475 | 60,135 | 58,124 |
Earnings per share (Note 13) | ||||||
Basic (in usd per share) | ||||||
2.96 | 2.56 | 2.76 | 1.77 | 1.18 | 1.40 | 1.11 |
Diluted (in usd per share) | ||||||
2.80 | 2.42 | 2.60 | 1.63 | 1.10 | 1.33 | 1.05 |