7Baggers

Houlihan Lokey, Inc
(NYSE:HLI) 

HLI stock logo

Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. Th...

Founded: 1972
Full Time Employees: 1,491
Sector: Financial Services
Industry: Capital Markets
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• Market Cap:
• Exchange:
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At a glance:
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Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 
                                               
      revenues
    		635,643,000 717,072,000 659,452,000 605,349,000 666,422,000 634,428,000 574,957,000 513,609,000 520,456,000 511,130,000 466,989,000 415,829,000 444,767,000 456,499,000 489,537,000 418,644,000 471,166,000 888,798,000 537,272,000 372,722,000 500,704,000 537,876,000 275,736,000 211,136,000 302,694,000 333,515,000 272,810,000 250,349,000 291,378,000 298,013,000 274,992,000 220,002,000            
      operating expenses:
    		                                           
      employee compensation and benefits
    		390,918,000 441,001,000 405,562,000 372,289,000 409,850,000 390,173,000 353,599,000 330,116,000 329,525,000 324,039,000 296,542,000 263,483,000 282,937,000 289,348,000 309,859,000 265,735,000 293,580,000 549,376,000 333,374,000 232,304,000 317,082,000 339,743,000 177,249,000 137,121,000 186,706,000 213,107,000 174,638,000 163,311,000 190,391,000 187,180,000 175,321,000 139,181,000 155,519,000 174,308,000 161,295,000 145,509,000 170,567,000 164,971,000 124,902,000 121,804,000 120,683,000 135,981,000 111,256,000 
      acquisition related compensation and benefits
    		17,863,000 17,570,000 17,640,000 20,548,000 20,694,000 12,798,000 7,038,000                                     
      travel, meals, and entertainment
    		18,540,000 18,736,000 15,168,000 19,987,000 14,893,000 17,942,000 13,570,000 18,512,000 17,804,000 17,325,000 14,151,000 16,018,000 13,391,000 14,271,000 12,370,000 11,050,000 5,001,000 11,090,000 4,687,000 1,687,000 2,111,000 1,338,000 964,000 2,114,000 9,185,000 12,943,000 10,200,000 9,617,000 10,173,000 12,991,000 10,111,000 9,587,000 6,504,000 8,034,000 6,229,000 5,678,000 5,780,000 4,782,000 5,215,000 5,930,000 4,058,000 6,699,000 5,329,000 
      rent
    		24,308,000 19,523,000 17,750,000 18,229,000 21,165,000 22,259,000 15,174,000 19,284,000 20,661,000 19,002,000 19,013,000 17,403,000 17,911,000 12,852,000 13,285,000 11,790,000 14,120,000 14,352,000 9,050,000 10,225,000 9,223,000 10,086,000 10,301,000 9,623,000 10,239,000 9,531,000 14,922,000 10,001,000 10,060,000 9,987,000 10,437,000 8,188,000 7,252,000 7,159,000 6,959,000 7,190,000 6,346,000 7,012,000 6,702,000 7,034,000 7,086,000 7,021,000 6,197,000 
      depreciation and amortization
    		8,044,000 8,297,000 10,303,000 15,990,000 15,409,000 9,561,000 7,444,000 8,856,000 8,261,000 6,657,000 7,086,000 6,532,000 6,347,000 13,256,000 19,475,000 19,143,000 19,948,000 20,074,000 4,344,000 4,171,000 3,937,000 3,949,000 3,670,000 3,672,000 5,011,000 4,336,000 3,981,000 3,963,000 3,666,000 3,635,000 3,706,000 3,468,000 1,785,000 1,971,000 2,175,000 1,974,000 1,955,000 2,277,000 2,382,000 2,239,000 2,433,000 1,921,000 1,713,000 
      information technology and communications
    		21,297,000 20,357,000 16,704,000 17,812,000 18,511,000 16,945,000 17,755,000 16,189,000 16,849,000 15,443,000 14,328,000 13,548,000 15,201,000 14,751,000 13,183,000 10,990,000 13,497,000 12,398,000 8,858,000 6,961,000 9,114,000 9,281,000 6,868,000 6,383,000 7,427,000 7,225,000 6,928,000 5,324,000 5,439,000 5,775,000 4,709,000 5,589,000 4,815,000 4,424,000 4,966,000 4,276,000 4,146,000 4,631,000 4,465,000 4,386,000 4,487,000 4,656,000 3,375,000 
      professional fees
    		11,410,000 11,740,000 10,321,000 11,672,000 11,304,000 11,744,000 9,677,000 8,477,000 13,808,000 14,853,000 10,859,000 9,557,000 9,078,000 7,795,000 9,598,000 6,469,000 10,361,000 14,372,000 6,915,000 6,701,000 8,259,000 6,188,000 5,227,000 5,007,000 5,210,000 6,204,000 5,834,000 4,456,000 4,887,000 6,087,000 5,784,000 6,277,000 6,875,000 4,484,000 3,371,000 2,387,000 4,859,000 2,783,000 3,074,000 2,357,000 1,899,000 2,829,000 8,369,000 
      other operating expenses
    		18,115,000 19,118,000 14,663,000 21,127,000 15,391,000 16,904,000 20,031,000 16,607,000 10,851,000 17,271,000 14,733,000 15,941,000 9,278,000 20,053,000 22,396,000 15,897,000 16,050,000 17,876,000 12,725,000 2,997,000 10,702,000 8,875,000 4,582,000 4,626,000 10,261,000 12,153,000 11,154,000 5,735,000 5,797,000 10,099,000 8,749,000 7,584,000 3,754,000 3,538,000 3,497,000 2,990,000 4,549,000 3,401,000 4,115,000 3,424,000 1,168,000 2,198,000 5,389,000 
      revaluation of acquisition contingent consideration
    		   17,895,000                                        
      total operating expenses
    		510,495,000 556,342,000 508,111,000 515,549,000 527,217,000 498,326,000 444,288,000 418,041,000 417,759,000 414,590,000 376,712,000 342,482,000 354,143,000 372,326,000 400,166,000 341,074,000 372,557,000 639,538,000 379,953,000 265,046,000 360,428,000 379,460,000 208,861,000 168,546,000 234,039,000 265,499,000 227,657,000 202,407,000 230,413,000 235,754,000 218,817,000 179,874,000 184,991,000 204,452,000 188,857,000 170,618,000 199,766,000 190,857,000 151,560,000 147,913,000 142,099,000 161,837,000 140,943,000 
      operating income
    		125,148,000 160,730,000 151,341,000 89,800,000 139,205,000 136,102,000 130,669,000 95,568,000 102,697,000 96,540,000 90,277,000 73,347,000 90,624,000 84,173,000 89,371,000 77,570,000 98,609,000 249,260,000 157,319,000 107,676,000 140,276,000 158,416,000 66,875,000 42,590,000 68,655,000 68,016,000 45,153,000 47,942,000 60,965,000 62,259,000 56,175,000 40,128,000 59,762,000 54,485,000 53,326,000 46,873,000 57,334,000 56,823,000 34,977,000 32,861,000 41,497,000 43,686,000 17,437,000 
      yoy
    		-10.10% 18.10% 15.82% -6.04% 35.55% 40.98% 44.74% 30.30% 13.32% 14.69% 1.01% -5.44% -8.10% -66.23% -43.19% -27.96% -29.70% 57.35% 135.24% 152.82% 104.32% 132.91% 48.11% -11.16% 12.61% 9.25% -19.62% 19.47% 2.01% 14.27% 5.34% -14.39% 4.23% -4.11% 52.46% 42.64% 38.16% 30.07% 100.59%     
      qoq
    		-22.14% 6.20% 68.53% -35.49% 2.28% 4.16% 36.73% -6.94% 6.38% 6.94% 23.08% -19.06% 7.66% -5.82% 15.21% -21.34% -60.44% 58.44% 46.10% -23.24% -11.45% 136.88% 57.02% -37.97% 0.94% 50.63% -5.82% -21.36% -2.08% 10.83% 39.99% -32.85% 9.69% 2.17% 13.77% -18.25% 0.90% 62.46% 6.44% -20.81% -5.01% 150.54%  
      other expense
    		-9,366,000 -8,918,000 -8,712,000      -15,342,000 -6,035,000 -3,296,000 -3,005,000 10,322,000 563,000 5,104,000 1,749,000 7,921,000 253,000 853,000  473,000 -187,000 -196,000 -1,161,000 -2,259,000 -1,039,000 -1,101,000 -1,483,000                
      income before provision for income taxes
    		134,514,000 169,648,000 160,053,000 98,050,000 150,255,000 145,118,000 136,088,000 99,874,000 118,039,000 102,575,000 93,573,000 76,352,000 80,302,000 83,610,000 84,267,000 75,821,000 90,688,000 249,007,000 156,466,000 107,777,000 139,803,000 158,603,000 67,071,000 43,751,000 70,914,000 69,055,000 46,254,000 49,425,000 62,473,000 62,931,000 57,182,000 41,734,000 60,814,000 55,117,000 53,526,000 48,379,000 56,567,000 55,739,000 34,228,000 31,953,000 40,833,000 42,592,000 17,104,000 
      provision for income taxes
    		36,202,000 53,100,000 48,272,000 517,000 28,335,000 49,816,000 42,539,000 10,934,000 36,962,000 31,772,000 26,542,000 14,962,000 20,642,000 20,559,000 23,537,000 5,039,000 25,515,000 74,699,000 43,583,000 21,817,000 40,437,000 40,088,000 18,281,000 -2,349,000 11,900,000 20,161,000 13,144,000 6,649,000 17,125,000 18,974,000 17,063,000 12,052,000 22,715,000 -6,466,000 20,169,000 9,135,000 22,491,000 21,759,000 13,352,000 12,542,000 18,053,000 19,931,000 7,849,000 
      net income
    		98,312,000 116,548,000 111,781,000 97,533,000 69,447,750 95,302,000 93,549,000 88,940,000 81,077,000 70,803,000 67,031,000 61,390,000 59,660,000 63,051,000 60,730,000 70,782,000 65,173,000 174,308,000 112,883,000 85,960,000 99,366,000 118,515,000 48,790,000 46,100,000 59,014,000 48,894,000 33,110,000 42,776,000 45,348,000 43,957,000 40,119,000 29,682,000 38,099,000 61,583,000   34,076,000 33,980,000 20,876,000 19,411,000 22,780,000 22,661,000 9,255,000 
      yoy
    		41.56% 22.29% 19.49% 9.66% -14.34% 34.60% 39.56% 44.88% 35.90% 12.29% 10.38% -13.27% -8.46% -63.83% -46.20% -17.66% -34.41% 47.08% 131.37% 86.46% 68.38% 142.39% 47.36% 7.77% 30.14% 11.23% -17.47% 44.11% 19.03% -28.62%   11.81% 81.23%   49.59% 49.95% 125.56%     
      qoq
    		-15.65% 4.26% 14.61% 40.44% -27.13% 1.87% 5.18% 9.70% 14.51% 5.63% 9.19% 2.90% -5.38% 3.82% -14.20% 8.61% -62.61% 54.41% 31.32% -13.49% -16.16% 142.91% 5.84% -21.88% 20.70% 47.67% -22.60% -5.67% 3.16% 9.57% 35.16% -22.09% -38.13%    0.28% 62.77% 7.55% -14.79% 0.53% 144.85%  
      other comprehensive income, net of tax:
    		                                           
      foreign currency translation adjustments
    		8,452,750 -444,000 -14,064,000 48,319,000 23,076,000 -48,148,000 31,361,000 -2,962,000 -12,459,000 25,574,000 -19,883,000 2,974,000 7,192,000 24,204,000 -28,554,000 -22,309,000 -16,935,000 -1,824,000 -6,037,000 1,625,000 525,000 14,037,000 5,443,000 2,927,000 -13,791,000 14,388,000 -9,440,000 -3,971,000 2,700,000 -2,760,000 -3,695,000 -12,583,000 -680,000 880,000 2,692,000 5,061,000 5,069,000 -6,189,000 -2,318,000 -3,866,000 -3,991,000 2,003,000 -1,694,000 
      comprehensive income
    		89,918,250 116,104,000 97,717,000                106,846,000 87,585,000 99,891,000 132,552,000 54,233,000 49,027,000 45,223,000 63,282,000 23,670,000 38,805,000 48,048,000 41,197,000 36,424,000 17,099,000 35,706,250 62,463,000          
      weighted-average shares of common stock outstanding:
    		                                           
      basic
    		66,547,768,000 66,633,965,000 66,963,260,000 66,244,178,000 65,724,473,000 65,831,122,000 65,822,690,000 65,031,216,000 64,337,975,000 64,411,668,000 64,551,353,000 63,806,156,000 63,358,408,000 63,381,024,000 63,422,701,000 63,277,596,000 64,970,287,000 64,914,373,000 65,156,968,000 65,713,370,000 65,785,042,000 66,547,587,000 66,787,832,000 63,684,431,000 62,152,870,000 62,014,564,000 62,477,085,000 61,670,617,000 62,213,414,000 61,972,027,000 62,258,919,000 62,985,084,000 62,494,275,000 62,552,777,000 62,117,998,000 62,343,589,000 61,100,497,000 61,104,822,000 61,134,501,000 60,565,671,000 59,044,981,000 59,410,797,000 58,989,994,000 
      fully diluted
    		-256,536,000 68,426,644,000 68,591,031,000 68,887,970,000 100,022,000 68,760,959,000 68,422,600,000 68,501,059,000 263,088,000 67,886,301,000 67,867,381,000 68,000,392,000 -1,867,325,000 69,725,692,000 69,800,028,000 68,828,246,000 -261,141,000 68,279,939,000 68,566,127,000 68,718,629,000 74,745,000 69,356,347,000 69,615,060,000 66,798,560,000 -44,540,000 65,608,026,000 66,086,210,000 65,621,103,000 -139,528,000 65,758,679,000 66,045,921,000 66,154,212,000 16,616,844,500 66,122,939,000 66,907,890,000 66,370,249,000 16,654,803,500 66,692,326,000 66,816,689,000 66,345,599,000 15,716,108,750 65,405,521,000 62,696,730,000 
      earnings per share
    		                                           
      basic
    		1.51 1.75 1.67 1.47 1.84 1.45 1.42 1.37 1.26 1.1 1.04 0.96 0.94 0.99 0.96 1.12 1.03 2.68 1.73 1.31 1.5 1.78 0.73 0.72 0.95 0.79 0.53 0.69                
      other income
    		   -8,250,000 -4,685,250 -9,016,000 -5,419,000 -4,306,000            -101,000                1,506,000        
      comprehensive income attributable to houlihan lokey, inc.
    		   145,852,000 144,996,000 47,154,000 124,910,000 85,978,000 68,618,000 96,377,000 47,148,000 64,364,000 66,852,000 87,255,000 32,176,000 48,473,000 91,585,500 171,911,000                 36,049,000 44,305,000 39,145,000 27,791,000 18,558,000 15,545,000 18,789,000 24,664,000 7,561,000 
      attributable to houlihan lokey, inc. common stockholders:
    		                                           
      net income attributable to noncontrolling interest
    		                 -573,000                          
      net income attributable to houlihan lokey, inc.
    		            59,660,000 63,051,000   65,173,000 173,735,000                 33,357,000 39,244,000 34,076,000 33,980,000 20,876,000 19,411,000 22,780,000 22,661,000 9,255,000 
      other expenses
    		                            -1,508,000 -672,000 -1,007,000 -1,606,000 -584,500 -632,000 -200,000         
      net income per share
    		                                           
      basic
    		                            0.74 0.71 0.64 0.47 0.61 0.98 0.54 0.63 0.55 0.56 0.34 0.32 0.38 0.38 0.16 
      fee revenue
    		                                244,753,000 258,937,000 242,183,000 217,491,000 257,100,000 247,680,000 186,537,000 180,774,000 183,596,000 205,523,000 158,380,000 
      provision for bad debts
    		                                378,250 534,000 365,000 614,000 1,564,000 1,000,000 705,000 739,000    
      other
    		                                    -685,250 -1,084,000 -749,000 -908,000    
      net income attributable to noncontrolling interests
    		                                           
      net loss attributable to noncontrolling interests
    		                                           
      provision (recovery) for bad debts
    		                                        563,250 532,000 -685,000 
      interest income
    		                                        81,750 -739,000  
      income from investments in unconsolidated entities
    		                                        -108,250 -355,000 -481,000 
      interest income and expense
    		                                          148,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 
                                                 
        assets:
      		                                           
        cash and cash equivalents
      		1,189,454,000 1,056,482,000 923,576,000 793,823,000 971,007,000 799,340,000 691,410,000 449,697,000 721,235,000 555,532,000 493,929,000 456,116,000 714,439,000 549,422,000 503,806,000 488,949,000 833,697,000 1,058,603,000 923,009,000 782,194,000 846,851,000 633,659,000 421,967,000 422,164,000 380,373,000 276,735,000 220,248,000 211,731,000 285,746,000 256,401,000 227,599,000 144,244,000 206,723,000 197,178,000 245,356,000 183,221,000 300,314,000 253,605,000 156,067,000 105,972,000 166,169,000 131,927,000 97,777,000 
        investment securities
      		170,271,000 127,600,000 184,642,000 72,878,000 195,624,000 103,538,000 56,829,000 35,622,000 38,005,000 35,367,000 31,214,000 33,860,000 37,309,000 36,775,000 35,742,000 35,587,000 109,143,000 39,829,000 40,425,000 47,856,000 208,618,000 234,576,000 178,285,000 123,488,000 135,389,000 91,195,000 84,822,000 33,040,000 125,258,000 40,960,000 26,565,000 15,657,000 209,319,000 132,835,000 60,558,000 19,075,000        
        accounts receivable
      		228,307,000 210,876,000 251,156,000 218,177,000 257,326,000 166,687,000 219,133,000 192,587,000 199,630,000 152,755,000 152,243,000 137,551,000 182,029,000 138,028,000 135,191,000 132,039,000 144,029,000 195,912,000 127,274,000 90,795,000 108,409,000 78,969,000 73,916,000 51,565,000 80,912,000 62,412,000 64,814,000 67,918,000 70,830,000 65,365,000 66,010,000 84,800,000 77,259,000 33,543,000 39,355,000 62,480,000 60,718,000 33,230,000 45,748,000 53,081,000 58,100,000 43,057,000 55,115,000 
        unbilled work in progress, net of allowance for credit losses of 8,430 and 6,764, respectively
      		271,243,000                                           
        property and equipment
      		142,876,000 141,433,000 145,193,000 150,619,000 149,350,000 140,105,000 148,729,000 143,368,000 136,701,000 130,696,000 119,394,000 101,151,000 88,345,000 75,624,000 62,206,000 52,955,000 52,176,000 51,750,000 43,295,000 45,073,000 46,370,000 46,167,000 43,642,000 42,876,000 42,372,000 41,556,000 40,938,000 36,450,000 31,034,000 30,865,000 31,699,000 31,871,000 32,146,000 32,171,000 33,083,000 32,107,000 30,416,000 30,329,000 27,715,000     
        operating lease right-of-use assets
      		407,454,000 415,132,000 352,622,000 364,207,000 362,669,000 355,937,000 359,739,000 362,222,000 344,024,000 356,595,000 363,719,000 379,336,000 333,877,000 255,725,000 168,291,000 165,803,000 171,942,000 161,997,000 143,341,000 146,734,000 152,031,000 145,367,000                      
        goodwill
      		1,395,857,000 1,292,804,000 1,292,121,000 1,295,128,000 1,284,589,000 1,280,304,000 1,177,757,000 1,175,370,000 1,127,497,000 1,128,610,000 1,086,438,000 1,090,597,000 1,087,784,000 1,060,666,000 1,051,294,000 1,062,408,000 1,070,442,000 1,082,934,000                          
        other intangible assets
      		204,202,000 199,597,000 200,881,000 203,624,000 212,670,000 222,113,000 196,641,000 198,707,000 197,439,000 199,941,000 196,652,000 200,151,000 203,370,000 204,845,000 214,598,000 230,944,000 247,333,000 263,493,000                          
        other assets
      		299,291,000 260,158,000 251,926,000 135,209,000 131,365,000 120,142,000 113,916,000 99,915,000 90,677,000 88,491,000 74,912,000 77,821,000 83,609,000 75,542,000 70,671,000 56,247,000 57,646,000 64,792,000 43,015,000 48,929,000 50,747,000 51,612,000 43,956,000 39,874,000 38,890,000 38,657,000 34,725,000 35,998,000 34,695,000 33,273,000 29,134,000 26,616,000 21,990,000 19,074,000 20,007,000 18,411,000 17,949,000 18,184,000 17,639,000 22,058,000 21,634,000 18,466,000 19,042,000 
        total assets
      		4,308,955,000 3,936,755,000 3,793,365,000 3,517,803,000 3,819,708,000 3,475,762,000 3,212,751,000 2,942,916,000 3,170,759,000 2,958,908,000 2,781,553,000 2,706,821,000 2,968,814,000 2,671,642,000 2,510,199,000 2,435,864,000 2,886,810,000 3,045,762,000 2,356,829,000 2,149,079,000 2,426,067,000 2,119,799,000 1,835,543,000 1,698,683,000 1,677,003,000 1,538,630,000 1,447,900,000 1,392,900,000 1,423,058,000 1,260,170,000 1,220,406,000 1,147,277,000 1,418,841,000 1,197,618,000 1,168,681,000 1,080,476,000 1,385,707,000 1,093,454,000 1,008,000,000 986,469,000 1,070,884,000 1,026,175,000 981,003,000 
        liabilities, temporary equity and stockholders' equity
      		                                           
        liabilities:
      		                                           
        accrued salaries and bonuses
      		1,076,593,000 881,133,000 822,763,000 640,460,000 936,619,000 719,301,000 641,370,000 491,048,000 726,031,000 575,088,000 552,673,000 473,464,000 765,877,000 638,646,000 685,568,000 573,472,000 953,604,000 986,043,000 577,698,000 390,894,000 648,399,000 436,438,000 288,767,000 222,393,000 420,376,000 322,156,000 297,396,000 232,532,000 404,717,000 291,073,000 268,548,000 189,688,000 377,901,000 281,080,000 276,690,000 199,644,000 336,465,000 233,104,000 180,700,000 135,810,000 254,058,000 196,736,000 185,445,000 
        accounts payable and accrued expenses
      		135,944,000 107,659,000 108,861,000 105,597,000 137,228,000 123,129,000 104,661,000 110,114,000 114,171,000 100,319,000 95,125,000 91,100,000 113,421,000 119,974,000 98,182,000 98,644,000 126,190,000 123,395,000 60,273,000 70,259,000 67,468,000 55,035,000 42,006,000 37,233,000 53,883,000 45,391,000 40,911,000 41,414,000 55,048,000 45,159,000 41,183,000 41,247,000 40,772,000 36,717,000 39,735,000 39,391,000 41,655,000 39,608,000 31,611,000 29,541,000 34,400,000 35,924,000 40,152,000 
        operating lease liabilities
      		492,108,000 497,131,000 432,899,000 440,380,000 438,185,000 433,032,000 431,222,000 435,200,000 415,412,000 420,107,000 419,421,000 429,085,000 374,869,000 283,728,000 188,937,000 188,039,000 197,091,000 187,264,000 164,209,000 168,622,000 174,516,000 168,567,000 170,696,000 172,871,000 154,218,000 150,157,000 151,669,000 147,426,000                
        other liabilities
      		151,379,000 157,065,000 181,950,000 93,057,000 69,404,000 66,047,000 32,880,000 32,831,000 37,751,000 49,808,000 30,539,000 58,392,000 60,111,000 47,135,000 50,449,000 52,714,000 74,873,000 133,010,000 64,693,000 45,313,000 55,046,000 47,592,000 45,063,000 20,961,000 32,024,000 35,949,000 24,756,000 22,118,000 22,532,000 22,895,000 21,793,000 20,725,000 6,227,000 9,293,000 9,172,000 8,971,000 12,348,000 7,879,000 8,272,000 8,324,000 9,416,000 9,095,000 9,655,000 
        total liabilities
      		1,856,024,000 1,642,988,000 1,546,473,000 1,339,987,000 1,644,831,000 1,395,221,000 1,255,664,000 1,113,438,000 1,334,009,000 1,189,605,000 1,135,477,000 1,091,768,000 1,355,517,000 1,130,985,000 1,063,531,000 1,018,301,000 1,443,105,000 1,516,346,000 919,092,000 764,481,000 1,042,506,000 765,533,000 584,931,000 489,043,000 692,621,000 591,937,000 556,036,000 499,581,000 531,729,000 409,503,000 392,100,000 327,922,000 566,028,000 369,007,000 378,516,000 315,541,000 655,252,000 371,119,000 311,768,000 307,168,000 417,329,000 389,213,000 366,270,000 
        commitments and contingencies
      		                                           
        redeemable noncontrolling interest
      		110,554,000                                 4,714,000 4,467,000 3,913,000 3,838,000 3,368,000 1,856,000 2,630,000 2,395,000 2,041,000 1,573,000 
        stockholders' equity:
      		                                           
        class a common stock
      		54,000 54,000 55,000 54,000 54,000 54,000 53,000 53,000 52,000 52,000 52,000 51,000 51,000 50,000 50,000 50,000 50,000 51,000 51,000 51,000 51,000 52,000 52,000 51,000 46,000 44,000 42,000 41,000 38,000 35,000 35,000 34,000 31,000 27,000 25,000  22,000   12,000 12,000 12,000 12,000 
        class b common stock
      		15,000 15,000 16,000 16,000 16,000 16,000 16,000 16,000 17,000 17,000 17,000 18,000 18,000 18,000 19,000 19,000 18,000 17,000 17,000 18,000 17,000 17,000 18,000 19,000 19,000 22,000 24,000 25,000 27,000 31,000 31,000 33,000 37,000 39,000 42,000  51,000   55,000 53,000 53,000 53,000 
        additional paid-in capital
      		746,118,000 734,490,000 759,693,000 743,715,000 843,350,000 851,854,000 735,277,000 691,651,000 739,870,000 701,996,000 638,404,000 616,315,000 642,970,000 602,349,000 559,605,000 527,666,000 564,761,000 668,765,000 720,579,000 745,705,000 803,573,000 851,444,000 880,370,000 848,756,000 649,954,000 636,123,000 635,362,000 631,189,000 645,090,000 635,005,000 636,150,000 644,125,000 753,077,000 655,108,000 665,551,000 664,304,000 854,750,000 678,148,000 668,424,000 658,684,000 637,332,000 626,702,000 619,493,000 
        retained earnings
      		1,645,100,000 1,588,678,000 1,516,154,000 1,448,993,000 1,394,738,000 1,314,974,000 1,259,950,000 1,207,328,000 1,163,419,000 1,121,387,000 1,087,326,000 1,058,509,000 1,033,072,000 1,008,246,000 981,204,000 955,484,000 922,223,000 886,995,000 741,678,000 657,375,000 600,096,000 523,454,000 427,621,000 400,995,000 377,471,000 339,821,000 311,360,000 298,831,000 276,468,000 248,590,000 222,324,000 201,702,000 207,124,000 181,999,000 134,244,000 113,507,000 87,407,000 67,861,000 46,804,000 36,520,000 28,623,000 19,021,000 6,470,000 
        accumulated other comprehensive loss
      		-48,910,000 -29,470,000 -29,026,000 -14,962,000 -63,281,000 -86,357,000 -38,209,000 -69,570,000 -66,608,000 -54,149,000 -79,723,000 -59,840,000 -62,814,000 -70,006,000 -94,210,000 -65,656,000 -43,347,000 -26,412,000           -30,294,000 -32,994,000 -30,234,000 -26,539,000 -13,956,000 -13,276,000 -14,164,000 -16,856,000 -21,917,000 -26,986,000 -20,797,000 -18,479,000 -14,613,000 -10,622,000 -12,625,000 
        total stockholders' equity
      		2,342,377,000 2,293,767,000 2,246,892,000 2,177,816,000 2,174,877,000 2,080,541,000 1,957,087,000 1,829,478,000 1,836,750,000 1,769,303,000 1,646,076,000 1,615,053,000 1,613,297,000 1,540,657,000 1,446,668,000 1,417,563,000 1,443,705,000 1,529,416,000 1,437,737,000 1,384,598,000 1,383,561,000 1,354,266,000 1,250,612,000 1,209,640,000 984,382,000 946,693,000 891,864,000 893,319,000 891,329,000 850,667,000 828,306,000 819,355,000 852,813,000 823,897,000 785,698,000 761,022,000 726,617,000 718,967,000 694,376,000 676,671,000 651,160,000 634,921,000 613,160,000 
        total liabilities, temporary equity and stockholders' equity
      		4,308,955,000                                           
        unbilled work in progress, net of allowance for credit losses of 11,544 and 6,764, respectively
      		 232,673,000                                          
        liabilities and stockholders' equity
      		                                           
        total liabilities and stockholders' equity
      		 3,936,755,000 3,793,365,000 3,517,803,000 3,819,708,000 3,475,762,000 3,212,751,000 2,942,916,000 3,170,759,000 2,958,908,000 2,781,553,000 2,706,821,000 2,968,814,000 2,671,642,000 2,510,199,000 2,435,864,000 2,886,810,000 3,045,762,000 2,356,829,000 2,149,079,000 2,426,067,000 2,119,799,000 1,835,543,000 1,698,683,000 1,677,003,000 1,538,630,000 1,447,900,000 1,392,900,000 1,423,058,000 1,260,170,000 1,220,406,000 1,147,277,000 1,418,841,000 1,197,618,000 1,168,681,000 1,080,476,000 1,385,707,000 1,093,454,000 1,008,000,000 986,469,000 1,070,884,000 1,026,175,000 981,003,000 
        unbilled work in progress, net of allowance for credit losses of 9,488 and 6,764, respectively
      		  191,248,000                                         
        assets
      		                                           
        restricted cash
      		   4,573,000 4,572,000 1,452,000 1,452,000 619,000 619,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 373,000 372,000 371,000 369,000 368,000 366,000 366,000 93,500,000    192,372,000       
        unbilled work in progress, net of allowance for credit losses of 8,931 and 6,764, respectively
      		   180,818,000                                        
        income taxes receivable
      		   2,458,000   21,832,000 48,179,000 32,856,000 32,898,000 22,549,000 15,964,000 17,693,000 9,864,000         16,573,000 12,165,000 4,282,000  3,380,000       12,492,000 5,611,000    5,098,000 6,880,000 7,204,000   
        deferred income taxes
      		   96,289,000 92,776,000 83,428,000 87,020,000 80,607,000 90,064,000 103,472,000 106,343,000 108,990,000 104,941,000 112,726,000 112,092,000 101,955,000 95,278,000 39,575,000 36,401,000 33,327,000 28,332,000 9,564,000 5,147,000 5,017,000 6,507,000 7,610,000 6,539,000 6,057,000 5,204,000 9,343,000 10,148,000 16,112,000 22,180,000 25,918,000 31,616,000 33,867,000 31,196,000 32,461,000 32,352,000 35,288,000 37,288,000 39,929,000 39,738,000 
        deferred income
      		   51,496,000 48,215,000 40,500,000 37,956,000 36,647,000 33,139,000 41,014,000 37,370,000 39,442,000 40,695,000 40,576,000 35,482,000 35,803,000 28,753,000 27,319,000 26,923,000 29,845,000 27,868,000 37,008,000 29,660,000 28,570,000 26,780,000 27,896,000 29,709,000 29,219,000 27,812,000 28,522,000 30,946,000 31,153,000 3,620,000 3,790,000 5,123,000 9,181,000 3,717,000 6,851,000 7,599,000 4,613,000 5,547,000 4,772,000 3,049,000 
        income taxes payable
      		    6,396,000 5,501,000         3,869,000 68,409,000 61,266,000 57,617,000 24,540,000 58,783,000 68,339,000 19,851,000    3,758,000  3,410,000 7,759,000 3,457,000 7,941,000 17,239,000 9,967,000   6,984,000 4,937,000 7,454,000    25,012,000 26,227,000 
        unbilled work in progress, net of allowance for credit losses of 6,764 and 6,132, respectively
      		    157,760,000                                       
        unbilled work in progress, net of allowance for credit losses of 13,172 and 6,132, respectively
      		     202,716,000                                      
        unbilled work in progress, net of allowance for credit losses of 4,993 and 6,132, respectively
      		      138,293,000                                     
        unbilled work in progress, net of allowance for credit losses of 6,049 and 6,132, respectively
      		       156,023,000                                    
        unbilled work in progress, net of allowance for credit losses of 6,132 and 5,622, respectively
      		        192,012,000                                   
        unbilled work in progress, net of allowance for credit losses of 9,941 and 5,622, respectively
      		         174,178,000                                  
        unbilled work in progress, net of allowance for credit losses of 6,461 and 5,622, respectively
      		          133,787,000                                 
        unbilled work in progress, net of allowance for credit losses of 5,577 and 5,622, respectively
      		           104,911,000                                
        unbilled work in progress, net of allowance for credit losses of 5,622 and 4,320, respectively
      		            115,045,000                               
        loans payable to former shareholders
      		             307,000 506,000 537,000 539,000 539,000 711,000 744,000 818,000 1,007,000 1,206,000 1,303,000 1,393,000 1,602,000 1,810,000 1,958,000 2,047,000 2,342,000 2,642,000 2,896,000 3,036,000 3,422,000 4,003,000 5,376,000 5,482,000 5,917,000 6,234,000 16,151,000 16,738,000 17,512,000 17,004,000 
        unbilled work in progress, net of allowance for credit losses of 9,761 and 4,320, respectively
      		             152,052,000                              
        unbilled work in progress, net of allowance for credit losses of 6,974 and 4,320, respectively
      		              155,935,000                             
        unbilled work in progress, net of allowance for credit losses of 5,132 and 4,320, respectively
      		               108,604,000                            
        unbilled work in progress, net of allowance for credit losses of 4,320 and 3,520, respectively
      		                104,751,000                           
        unbilled work in progress, net of allowance for credit losses of 2,914 and 3,520, respectively
      		                 86,504,000                          
        unbilled work in progress, net of allowance for credit losses of 4,573 and 3,520, respectively
      		                  115,732,000                         
        goodwill and other intangibles
      		                  883,964,000 866,043,000 866,221,000 866,438,000 861,658,000 812,355,000 812,844,000 822,732,000 797,564,000 803,841,000 794,604,000 795,251,000 799,322,000 802,071,000 723,310,000 721,689,000 721,534,000 717,619,000 715,343,000 708,152,000 712,148,000 713,516,000 717,368,000 715,307,000 688,935,000 
        accumulated other comprehensive
      		                  -24,588,000 -18,551,000 -20,176,000 -20,701,000 -34,738,000 -40,181,000 -43,108,000 -29,317,000 -43,705,000 -34,265,000                
        unbilled work in progress, net of allowance for credit losses of 3,549 and 3,520, respectively
      		                   87,755,000                        
        unbilled work in progress, net of allowance for credit losses of 3,520 and 1,302, respectively
      		                    118,115,000                       
        loan payable to non-affiliate
      		                      3,517,000 3,362,000 3,283,000 3,342,000 6,458,000 15,447,000 6,610,000 6,712,000 8,899,000 8,862,000 8,825,000 8,787,000 12,177,000  12,080,000    14,882,000 15,233,000  
        unbilled work in process, net of allowance for credit losses of 1,853 and 1,302, respectively
      		                     53,074,000                      
        unbilled work in process, net of allowance for credit losses of 1,758 and 1,302, respectively
      		                      40,572,000                     
        operating lease right-of-use asset
      		                      149,454,000 152,428,000 135,240,000 129,403,000 131,776,000                 
        treasury stock
      		                      -22,711,000    -11,219,000 -2,502,000     -93,500,000    -193,572,000       
        unbilled work in process, net of allowance for credit losses of 1,566 and 1,302, respectively
      		                       36,378,000                    
        unbilled work in process, net of allowance for doubtful accounts of 1,302 and 1,341, respectively
      		                        39,821,000                   
        receivable from affiliates
      		                            8,631,000 7,027,000 7,870,000 8,762,000 8,732,000 7,108,000   10,913,000  7,929,000 7,500,000 27,408,000 26,318,000 55,936,000 
        unbilled work in process, net of allowance for doubtful accounts of 716 and 1,341, respectively
      		                         67,957,000                  
        unbilled work in process, net of allowance for doubtful accounts of 1,413 and 1,341, respectively
      		                          62,722,000                 
        unbilled work in process, net of allowance for doubtful accounts of 1,818 and 1,341, respectively
      		                           71,997,000                
        operating right-of-use assets
      		                           131,554,000                
        unbilled work in process, net of allowance for doubtful accounts of 1,341 and 2,547 as of march 31, 2019, and march 31, 2018, respectively
      		                            71,891,000               
        forward purchase liability
      		                                93,500,000    192,372,000       
        unbilled work in process
      		                             30,660,000 31,841,000 32,890,000 45,862,000 41,528,000 34,518,000 35,651,000 57,682,000 41,756,000 35,656,000 49,529,000 51,300,000 68,336,000 45,082,000 
        loan payable to affiliate
      		                                    15,000,000 22,500,000 30,000,000 37,500,000 45,000,000 45,000,000 45,000,000 
        stock subscription receivable
      		                                    -124,000 -123,000 -122,000 -121,000 -247,000 -245,000 -243,000 
        receivables from affiliates
      		                                  8,659,000 11,912,000  8,198,000      
        loan payable to non-affiliates
      		                                   12,127,000  15,345,000 15,000,000 39,941,000    
        class a common stock, 0.001 par value per share...
      		                                   23,000  13,000 12,000     
        class b common stock, 0.001 par value per share...
      		                                   44,000  54,000 55,000     
        property and equipment—at cost, net of accumulated depreciation of 33,366 and 32,470 at june 30 and march 31, 2016, respectively
      		                                       27,933,000    
        investments in unconsolidated entities
      		                                         4,487,000 2,265,000 
        property and equipment – at cost, net of accumulated depreciation
      		                                        21,701,000   
        common stock
      		                                           
        total equity attributable to houlihan lokey, inc.
      		                                        651,160,000 634,921,000 613,160,000 
        noncontrolling interest
      		                                           
        property and equipment—at cost, net of accumulated depreciation of 31,297 and 28,355 at december 31 and march 31, 2015, respectively
      		                                         18,277,000  
        property and equipment—at cost, net of accumulated depreciation of 30,215 and 28,355 at september 30 and march 31, 2015, respectively
      		                                          16,851,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2015-12-31 2015-09-30 
                                                  
          cash flows from operating activities:
        		                                          
          net income
        		98,312,000 116,548,000 111,781,000 97,533,000 121,920,000 95,302,000 93,549,000 88,940,000 81,077,000 70,803,000 67,031,000 61,390,000 59,660,000 63,051,000 60,730,000 70,782,000 65,173,000 174,308,000 112,883,000 85,960,000 99,366,000 118,515,000 48,790,000 46,100,000 59,014,000 48,894,000 33,109,000 42,776,000 45,348,000 43,955,000 40,121,000 29,682,000 38,099,000 61,583,000 33,357,000 39,244,000 34,076,000 33,980,000 20,876,000 19,411,000 46,987,000 24,326,000 
          adjustments to reconcile net income to net cash from operating activities:
        		                                          
          deferred taxes
        		                                          
          provision for bad debts
        		-3,973,000 6,013,000 3,592,000 2,027,000 652,000 3,374,000 2,798,000 2,436,000 -2,089,000 5,295,000 1,982,000 2,076,000 -5,247,000 5,573,000 4,757,000 1,346,000 -908,000 -933,000 5,189,000 370,000 2,461,000      -107,000 -21,000 724,000 370,000 229,000 384,000 470,000 534,000 365,000 614,000 1,564,000 1,000,000 705,000 739,000   
          non-cash lease expense
        		13,030,000 11,196,000 6,732,000 8,368,000 9,877,000 12,204,000 5,842,000 9,380,000 6,380,000 9,837,000 8,996,000 7,695,000 8,621,000 3,434,000 7,027,000 7,527,000 7,329,000 13,228,000 5,106,000 5,845,000 5,733,000 5,518,000 5,931,000 5,574,000 13,185,000 4,893,000 470,000 6,106,000               
          depreciation and amortization
        		8,044,000 8,297,000 10,303,000 15,990,000 15,409,000 9,561,000 7,444,000 8,856,000 8,261,000 6,657,000 7,086,000 6,532,000 6,347,000 13,256,000 19,475,000 19,143,000 19,948,000 20,074,000 4,344,000 4,171,000 3,937,000 3,949,000 3,670,000 3,672,000 5,011,000 4,336,000 3,981,000 3,963,000 3,666,000 3,635,000 3,706,000 3,468,000 1,785,000 1,971,000 2,175,000 1,974,000 1,955,000 2,845,000 1,814,000 2,239,000 5,066,000 3,145,000 
          revaluation of acquisition contingent consideration
        		0 0 0 17,895,000                                       
          compensation expense – equity and liability classified share awards
        		51,529,000 60,923,000 46,632,000 42,220,000  45,586,000 45,325,000 33,071,000  43,974,000 42,740,000 39,409,000  40,760,000 41,399,000 40,607,000  19,152,000 18,956,000 34,290,000  12,642,000 16,941,000 17,196,000                   
          other
        		1,476,000 -2,613,000                                         
          changes in operating assets and liabilities:
        		                                          
          accounts receivable
        		-7,290,000 36,323,000 -36,015,000 39,615,000 -102,763,000 62,171,000 -30,658,000 15,552,000 -50,159,000 -238,000 -15,789,000 42,358,000 -37,508,000 -5,622,000 -5,257,000 10,645,000 52,791,000 -14,275,000 -41,632,000 17,244,000 -31,901,000 -6,699,000 -21,171,000 26,806,000 -23,202,000 3,196,000 3,212,000 3,407,000 -6,213,000 274,000 15,799,000 11,751,000 -44,188,000 5,279,000 23,083,000 -2,376,000 -27,954,000 11,519,000 6,628,000 4,280,000 13,861,000 652,000 
          unbilled work in progress
        		-35,455,000 -43,481,000 -10,988,000 -25,224,000 51,513,000 -73,529,000 19,713,000 36,073,000 -14,026,000 -43,869,000 -29,760,000 10,178,000 41,146,000 1,095,000 -49,983,000 -3,854,000 -18,247,000 33,900,000 -27,977,000 30,360,000                       
          other assets
        		2,806,000 141,000 -18,977,000 -3,846,000 -11,221,000 -230,000 -14,119,000 -7,624,000 -2,113,000 -13,340,000 2,912,000 5,785,000 -8,062,000 -4,871,000 -14,423,000 1,398,000 7,144,000 19,000 5,917,000 1,815,000 865,000 -7,656,000 -3,711,000 -1,077,000 -363,000 -3,616,000 1,273,000 -1,809,000 -1,422,000 -4,140,000 -2,518,000 -4,626,000 -2,914,000 934,000 739,000 -462,000 295,000 -544,000 4,418,000 -424,000 328,000 -1,294,000 
          accrued salaries and bonuses
        		181,883,000 58,069,000 182,126,000 -293,861,000 216,923,000 77,544,000 149,928,000 -234,141,000 149,545,000 19,415,000 78,069,000 -289,298,000 123,354,000 -48,164,000 110,893,000 -375,617,000 -34,344,000 254,607,000 185,308,000 -254,850,000 210,445,000 145,806,000 64,576,000 -192,281,000 96,369,000 22,922,000 63,063,000 -171,003,000 112,074,000 20,893,000 77,309,000 -191,408,000 95,248,000 3,161,000 72,720,000 -136,573,000 79,078,000 46,666,000 44,025,000 -110,479,000 -113,326,000 -118,852,000 
          accounts payable and accrued expenses and other liabilities
        		7,787,000 -33,734,000                                         
          net cash from operating activities
        		293,033,000 217,682,000 325,046,000 -131,630,000 358,384,000 265,514,000 289,222,000 -64,511,000    -133,568,000 238,148,000 91,042,000 85,103,000 -278,020,000 64,469,000 552,017,000 210,211,000 -90,093,000 272,653,000 308,514,000 113,910,000 -115,240,000 176,911,000 97,615,000 122,352,000 -109,209,000 132,211,000 76,206,000 134,831,000 -118,974,000 109,933,000 72,995,000 128,674,000 -60,955,000 77,454,000 113,218,000 106,368,000 -67,776,000 -34,509,000 -59,045,000 
          cash flows from investing activities:
        		                                          
          purchases of investment securities
        		-83,274,000 103,151,000 -130,087,000 -153,089,000 -135,825,000 -91,155,000 -22,010,000 -1,486,000 -7,858,000 -3,385,000 0 -35,000 -4,734,000 -3,233,000 -9,063,000 -2,200,000 -73,475,000 -3,366,000 -5,125,000 -19,596,000 -97,359,000 -115,646,000 -79,273,000 -99,277,000 -102,503,000 -16,064,000 -75,015,000 -157,097,000 -98,023,000 -22,433,000 -20,095,000 -6,418,000  -72,277,000 -41,483,000 -19,075,000       
          sales or maturities of investment securities
        		41,735,000 -46,103,000 18,047,000 276,647,000 44,435,000 44,259,000 1,590,000 4,021,000 5,396,000 74,000 2,660,000 3,328,000 4,784,000 76,000 7,637,000 74,887,000 2,398,000 2,587,000 12,368,000 179,971,000 122,824,000 59,214,000 24,387,000 112,000,000 58,202,000 9,695,000 23,248,000 249,479,000 14,139,000              
          acquisition of businesses, net of cash acquired
        		                                          
          capital expenditures
        		-6,250,000 0 -2,238,000 -13,185,000 -14,481,000 -3,850,000 -10,496,000 -10,872,000    -15,654,000 -19,085,000 -13,850,000 -13,311,000 -4,485,000 -1,126,000 -5,054,000 -1,097,000 -1,403,000 -3,146,000 -4,456,000 -3,052,000 -3,494,000 -3,751,000 -2,691,000 -6,839,000 -7,441,000 -2,190,000 -1,337,000 -2,176,000 -1,023,000 -1,538,000 -652,000 -2,311,000 -3,218,000 -1,591,000 -4,756,000 -622,000 -7,454,000 -4,787,000 -2,557,000 
          free cash flows
        		286,783,000 217,682,000 322,808,000 -144,815,000 343,903,000 261,664,000 278,726,000 -75,383,000    -149,222,000 219,063,000 77,192,000 71,792,000 -282,505,000 63,343,000 546,963,000 209,114,000 -91,496,000 269,507,000 304,058,000 110,858,000 -118,734,000 173,160,000 94,924,000 115,513,000 -116,650,000 130,021,000 74,869,000 132,655,000 -119,997,000 108,395,000 72,343,000 126,363,000 -64,173,000 75,863,000 108,462,000 105,746,000 -75,230,000 -39,296,000 -61,602,000 
          net cash from investing activities
        		-49,603,000 56,409,000 -114,278,000 109,648,000 -106,349,000 -87,398,000 -30,879,000 -40,432,000 -14,688,000 -22,744,000 -20,613,000 -12,361,000 -39,462,000 -17,007,000 -14,737,000 68,202,000 -127,562,000 -311,166,000 5,842,000 158,972,000 22,319,000 -60,888,000 -70,408,000 9,229,000 -48,052,000 -19,967,000 -58,606,000 93,481,000 -87,678,000 -14,874,000 -12,191,000 121,202,000 -79,673,000 -71,228,000 -44,391,000 -23,292,000 -8,031,000 -5,025,000 -1,051,000 12,454,000 182,762,000 163,270,000 
          cash flows from financing activities:
        		                                          
          dividends paid
        		-39,157,000 -40,628,000 -41,776,000 -52,476,000 -38,517,000 -37,026,000 -38,404,000 -51,270,000 -35,554,000 -35,510,000 -35,419,000 -41,971,000 -32,341,000 -34,231,000 -33,322,000 -40,490,000 -27,447,000 -27,855,000 -28,299,000 -31,205,000 -21,704,000 -21,889,000 -22,166,000 -26,247,000 -19,551,000 -18,894,000 -19,323,000 -22,887,000 -16,644,000 -16,710,000 -16,731,000 -16,843,000 -12,597,000 -14,590,000 -12,407,000 -12,487,000 -19,413,000 -10,389,000 -10,419,000 -15,072,000 -105,388,000 -96,475,000 
          share repurchases
        		-49,999,000 -87,897,000 -29,721,000 -7,811,000 -52,188,000 -86,000 0 -240,000 0 0   432,000 -186,000 -8,181,000 -40,724,000 -121,596,000 -70,251,000 -45,453,000 -67,493,000 -60,410,000                      
          payments to settle employee tax obligations on share-based awards
        		-2,887,000 -2,160,000 -640,000 -137,051,000 -380,000 -247,000 -723,000 -100,993,000 -593,000 -95,000 -259,000 -69,766,000 0 -92,000 -70,000 -42,121,000 -41,000 0 0 -33,700,000 0 -19,000 -17,000 -17,774,000 -8,000 -115,000 -87,000 -31,267,000 0 0 -179,000 -1,768,000 -66,000   -60,000       
          earnouts paid
        		    0 0 0 -9,706,000 0 0   -407,000 -4,194,000 -1,174,000 -904,000 0 -4,194,000 0 -1,723,000         0 0 0 -1,923,000     0 0 0 -964,000 -1,417,000 -1,417,000 
          other financing activities
        		  0 710,000 0 0 0 710,000 0 0 0 587,000 0 0 0 570,000 0 -1,000 1,000 477,000 0 0 0 333,000 0    0 0   -4,068,000 0   2,000 4,540,000 29,000 -4,804,000 85,000 -1,043,000 
          net cash from financing activities
        		-92,784,000 -131,395,000 -72,137,000 -196,628,000 -91,085,000 -37,359,000 -39,127,000 -161,499,000 -36,147,000 -35,605,000 -67,683,000 -111,150,000 -32,623,000 -38,902,000 -45,266,000 -123,671,000 -149,084,000 -102,474,000 -73,784,000 -133,718,000 -84,004,000 -42,609,000 -45,492,000 145,282,000 -20,875,000 -25,563,000 -48,955,000 -56,746,000 -17,246,000 -33,508,000 -36,980,000 -148,404,000 75,283,000 -50,186,000 -22,952,000 -227,456,000 166,732,000 -6,869,000 -53,138,000 -3,801,000 -106,273,000 -94,798,000 
          effects of exchange rate changes on cash, cash equivalents, and restricted cash
        		-18,082,000 -9,790,000 -8,629,000 41,427,000  -32,827,000 23,330,000 -5,096,000  19,056,000 -9,711,000 -1,244,000  10,483,000 -10,243,000 -11,259,000  -2,783,000 -1,454,000 182,000  6,675,000 1,793,000 2,520,000  4,403,000 -6,273,000 -1,539,000  980,000 -2,305,000 -9,437,000  241,000 804,000 2,238,000       
          net increase in cash, cash equivalents, and restricted cash
        		132,564,000    174,787,000        165,017,000 45,616,000   -224,906,000 135,594,000 140,815,000 -64,657,000 213,192,000 211,692,000 -197,000 41,791,000                   
          cash, cash equivalents, and restricted cash – beginning of period
        		0 0 0 975,579,000  0 0 721,854,000  0 0 714,812,000  0 0 834,070,000  0 0 847,224,000  0 0 380,746,000  0 0 286,115,000 0 0 0 300,223,000 0 0 0 492,686,000       
          cash, cash equivalents, and restricted cash – end of period
        		132,564,000 132,906,000 130,002,000 798,396,000  107,930,000 242,546,000 450,316,000  61,603,000 37,813,000 456,489,000  45,616,000 14,857,000 489,322,000  135,594,000 140,815,000 782,567,000  211,692,000 -197,000 422,537,000  56,488,000 8,518,000 212,102,000 29,346,000 28,804,000 83,355,000 144,610,000 103,045,000 -48,178,000 62,135,000 183,221,000       
          supplemental disclosures of non-cash activities:
        		                                          
          promissory note issued as consideration for acquisition
        		    0                                      
          shares issued as consideration for acquisition
        		16,130,000    0 72,506,000 0 12,489,000 0                                  
          cash paid during the period:
        		                                          
          taxes, net of refunds
        		46,044,000 85,849,000 44,283,000 11,071,000 34,480,000 21,621,000 19,995,000 17,216,000 19,732,000 36,914,000 30,750,000 17,660,000 20,867,000 33,501,000 97,824,000 4,594,000 70,802,000 52,544,000 82,278,000 36,407,000 10,510,000 11,049,000                     
          acquisition of business, net of cash acquired
        		 0 0 -725,000  -36,652,000 37,000 -32,095,000 -3,000        -55,359,000 -305,333,000   0 0   0 -10,907,000 0 8,710,000 0 0 0 -71,407,000 -26,000 150,000         
          shares issued via vesting of liability classified awards
        		 0 0 3,049,000 0 0 0 5,953,000 0 62,000 -62,000 5,176,000 0 0 0 5,955,000 0 0 0 4,270,000 0 0 0 7,511,000 102,000 0 -4,000 6,457,000         0      
          cash acquired through acquisitions
        		    29,000 1,600,000 37,000 2,170,000 -4,000        2,327,000 226,550,000   0 0   0 5,249,000 0 10,506,000 0 0 0 16,141,000           
          cash paid during the period for:
        		                                          
          purchase of property and equipment
        		  -2,238,000 -13,185,000 -14,481,000 -3,850,000 -10,496,000 -10,872,000 -12,223,000 -15,580,000 -23,273,000 -15,654,000 -19,085,000 -13,850,000 -13,311,000 -4,485,000 -1,126,000 -5,054,000 -1,097,000 -1,403,000 -3,146,000 -4,456,000 -3,052,000 -3,494,000 -3,751,000 -2,691,000 -6,839,000 -7,441,000 -2,190,000 -1,337,000 -2,176,000 -1,023,000 -1,538,000 -652,000 -2,311,000 -3,218,000 -1,591,000 -4,756,000 -622,000 -7,454,000 -4,787,000 -2,557,000 
          net decrease in cash, cash equivalents, and restricted cash
        		  130,002,000 -177,183,000   242,546,000 -271,538,000  61,603,000 37,813,000 -258,323,000    -344,748,000                           
          deferred income taxes
        		   -1,281,000  1,333,000 -4,290,000 8,989,000  6,294,000 2,102,000 -4,735,000  3,103,000 -7,037,000 -7,051,000  -5,273,000 -3,046,000 -5,022,000  -7,575,000 1,972,000 3,606,000  -2,712,000 -9,098,000 2,527,000               
          unrealized gains on investment securities
        		   -811,000                386,000 494,000 140,000 89,000 -822,000 107,000 -3,000 -15,000 -164,000 -414,000              
          accounts payable and accrued expenses and other
        		   -24,263,000 7,909,000 7,343,000 -13,717,000 -14,902,000 8,187,000 4,855,000 -20,335,000 -15,899,000 17,095,000 30,065,000 -19,727,000 -59,447,000 -18,186,000 27,665,000 -16,464,000 -2,970,000 9,758,000 10,660,000 3,192,000 -23,075,000  3,019,000 5,141,000 -4,915,000               
          deferred income
        		   3,281,000 12,426,000 -2,167,000 1,310,000 3,507,000 -7,875,000 3,644,000 -2,072,000 -1,253,000 120,000 5,094,000 -322,000 7,051,000 1,434,000 318,000 -2,922,000 1,977,000 -9,140,000 7,348,000 993,000 1,790,000 -1,116,000 -1,814,000 491,000 1,381,000 249,000 -2,425,000 -206,000 -4,279,000 -170,000 -1,333,000 -3,992,000 5,464,000 -3,274,000 -748,000 2,986,000 -934,000 1,700,000 -15,000 
          income taxes receivable
        		   -9,273,000  26,835,000                           20,012,000 -6,882,000 -12,594,000 2,047,000 2,232,000 3,008,000 1,635,000 5,266,000   
          interest
        		   230,000 255,000 551,000 256,000 301,000 260,000 119,000 95,000 105,000 2,643,000 1,400,000 1,831,000 30,000 472,000 74,000 211,000 243,000 245,000 266,000 281,000 197,000 392,000 182,000 282,000 193,000 271,000 274,000 183,000 249,000 147,000 127,000 167,000 215,000 383,000 229,000 448,000 561,000 1,108,000 775,000 
          deferred income tax benefit
        		                                          
          unrealized losses on investment securities
        		    -697,000 187,000 -787,000 -152,000 -175,000 -843,000 -14,000 156,000 -584,000 2,124,000 1,270,000 870,000 1,764,000 1,889,000                         
          contingent consideration valuation
        		    -1,851,000 0 0 804,000 -9,404,000 -153,000   -738,000 0   7,044,000            0 0 11,000 -719,000           
          compensation expense — equity and liability classified share awards
        		                                          
          income taxes payable
        		       -15,300,000 420,000 -11,435,000 -6,312,000 2,038,000 -7,765,000 -17,856,000     -35,640,000 -9,669,000  36,722,000 -4,408,000 -7,883,000  6,853,000 -6,790,000 -4,466,000  -4,483,000 -9,297,000 7,104,000         16,645,000 16,146,000 
          loans payable to former shareholders redeemed
        		            -307,000 -199,000 -31,000 -2,000 0 -173,000 -33,000 -74,000 -189,000 -199,000 -97,000 -90,000 -208,000 -209,000 -147,000 -90,000   -254,000 -140,000 -386,000 -581,000 -1,373,000 -106,000 -106,000 -316,000 -10,247,000 -587,000 -2,273,000  
          repayments of loans to non-affiliates
        		            0 0       -1,701,000    705,000 -2,389,000   60,000              
          effects of exchange rate changes on cash and cash equivalents
        		                                    2,926,000 -3,786,000 -2,084,000 -1,074,000 1,285,000 -312,000 
          cash, cash equivalents and restricted cash – beginning of period
        		                                          
          cash, cash equivalents and restricted cash – end of period
        		                                          
          cash paid during the year:
        		                                          
          regulatory fines and penalties
        		        0 0                                 
          net cash from/(used) in operating activities
        		         100,896,000                                 
          proceeds from issuance of class a shares
        		                    0 0 0 189,060,000                   
          shares issued as consideration for acquisitions
        		                                    0    10,410,000 10,410,000 
          fully amortized intangibles written off
        		                 0            0 0 8,272,000           
          income taxes (payable)/receivable
        		               8,580,000                           
          receivables from affiliates
        		                        0 0 0 -170,000             225,102,000 194,607,000 
          deferred tax benefit
        		                                -1,292,000      -2,790,000 -144,000   
          income taxes payable/
        		                                          
          settlement of forward purchase contract
        		                            0 0 0 -93,500,000 0 0 0 -192,372,000       
          unbilled work in process
        		                     -12,502,000 -4,194,000 3,211,000 28,136,000 -5,235,000 9,275,000 247,000 -41,230,000 1,180,000 1,049,000 12,972,000 -4,334,000 -7,009,000 1,187,000 22,031,000 -15,926,000 -6,100,000 13,873,000 1,771,000 -25,414,000 -2,535,000 
          provision for bad debts, net of recoveries
        		                      1,240,000 1,943,000                   
          other share repurchases
        		                         -4,325,000 -21,001,000 -2,502,000 34,608,000 -14,963,000 -20,003,000 -34,230,000 -1,100,000 -1,000 6,000 -1,841,000       
          taxes
        		                       3,656,000 20,530,000 11,390,000 30,027,000 12,560,000 17,571,000 24,443,000 35,799,000 4,651,000 2,084,000 6,114,000 25,578,000 13,853,000 27,583,000 8,539,000 13,609,000 7,555,000 20,466,000 2,693,000 
          compensation expense – restricted share grants
        		                                       11,342,000   
          accounts payable and accrued expenses
        		                            8,387,000 3,987,000 255,000 -1,087,000 7,567,000 -1,908,000 878,000 -6,145,000 4,920,000 7,864,000 1,558,000 -843,000 -8,611,000 2,739,000 
          income taxes receivable/payable
        		                                          
          proceeds from issuance of class a shares placed in escrow
        		                                          
          stock subscriptions receivable redeemed
        		                                0 0 0 124,000 -1,000 -1,000 -1,000 126,000 2,720,000 2,720,000 
          repayments of loans to affiliates
        		                                0 0 0 -15,000,000 -7,500,000 -7,500,000 -7,500,000 -7,500,000   
          debt forgiven as consideration of acquisitions
        		                                          
          fully depreciated assets written off
        		                               157,000 0 54,000 -31,000 15,000 0 1,397,000   339,000 -339,000 
          compensation expenses – restricted share grants
        		                         16,682,000 18,347,000 12,762,000  13,781,000 13,569,000 17,190,000  22,363,000 13,006,000 10,556,000  10,872,000     
          (decrease) in cash, cash equivalents, and restricted cash
        		                         56,488,000 8,518,000 -74,013,000               
          shares retired under stock repurchase program
        		                                          
          borrowings from non-affiliates
        		                                    0 0 0 65,000,000   
          excess tax benefits
        		                                    185,000      
          increase in cash, cash equivalents, and restricted cash
        		                                103,045,000          
          supplemental disclosures of noncash activities:
        		                                          
          deferred tax expense
        		                             -805,000 -5,196,000 594,000   -2,250,000 2,671,000     198,000 -473,000 
          changes in receivables from affiliates
        		                             843,000 892,000 -30,000  1,551,000 2,228,000 -999,000 -2,715,000 -269,000 -429,000 19,908,000   
          shares purchased under stock repurchase program
        		                                 0 -9,425,000 -5,714,000       
          repayments of loans to former shareholders
        		                                          
          decrease in cash, cash equivalents, and restricted cash
        		                             28,804,000 83,355,000 -155,613,000   62,135,000 -309,465,000       
          maturities of investment securities
        		                              9,188,000 200,080,000           
          purchase of investment securities
        		                                          
          shares purchased and retired under stock repurchase program
        		                                          
          dividends paid via settlement of receivable from affiliate
        		                                        94,520,000 94,520,000 
          dividends paid via distribution of non-cash assets
        		                                        22,800,000 22,800,000 
          dividends paid via loan payable to affiliate
        		                                        45,000,000 45,000,000 
          dividends paid via settlement of employee loans
        		                                        4,170,000 4,172,000 
          taxes paid via settlement of receivable from affiliate
        		                                        901,000 901,000 
          shares redeemed via settlement of receivable from affiliate
        		                                        763,000 763,000 
          debt forgiven as consideration for acquisitions
        		                                          
          repayments to non-affiliates
        		                                    0 0 -25,000,000 -40,000,000   
          investments in other assets
        		                                         -767,000 
          stock subscriptions receivable issued
        		                                          
          shares issued via settlement of receivable from affiliate
        		                                          
          increase in cash and cash equivalents
        		                                     97,538,000 50,095,000 -60,197,000 43,265,000 9,115,000 
          cash and cash equivalents – beginning of period
        		                                     0 0 166,169,000 88,662,000 88,662,000 
          cash and cash equivalents – end of period
        		                                     97,538,000 50,095,000 105,972,000 131,927,000 97,777,000 
          bad debt expense
        		                                        2,253,000 1,721,000 
          loss from investments in unconsolidated entities
        		                                        433,000 78,000 
          compensation expense – fram restricted share grants
        		                                        25,371,000 15,317,000 
          acquisition of business, net of cash acquired of 14,688
        		                                        -34,753,000  
          investments in unconsolidated entities
        		                                        -2,800,000  
          acquisition of business
        		                                         -26,596,000