Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 75

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 75
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 Unrealized (Losses)Fair ValueCorporate debt securities$177,687 $627 $(164)$178,150 U.S. treasury securities17,044 17 (157)16,904 Common stock21 — — 21 Certificates of deposit549 — — 549 Total securities with unrealized gains/(losses)$195,301 $644 $(321)$195,624 Scheduled maturities of the debt securities held by the Company included within the investment securities portfolio were as follows:June 30, 2025March 31, 2025Amortized CostEstimated Fair ValueAmortized CostEstimated Fair ValueDue within one year$43,393 $43,303 $166,799 $167,328 Due within years two through five29,482 29,540 28,502 28,296 Total debt within the investment securities portfolio$72,875 $72,843 $195,301 $195,624 

Note 7 — Allowance for Credit Losses

The following table presents information about the Company's allowance for credit losses:June 30, 2025Beginning balance$20,607 Provision for bad debt, net2,027 Recovery/(write-off) of uncollectible accounts, net (642)Ending balance$21,992 

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)(UNAUDITED)(In thousands, except share data or as otherwise stated)

Note 8 — Property and Equipment

Property and equipment, net of accumulated depreciation consists of the following:June 30, 2025March 31, 2025Equipment$11,018 $10,409 Furniture and fixtures38,565 37,801Leasehold improvements165,026 159,961Computers and software14,914 13,620Other8,233 8,092Total cost237,756 229,883 Less: accumulated depreciation(87,137)(80,533)Total net book value$150,619 $149,350 Additions to property and equipment during the three months ended June 30, 2025 were primarily related to leasehold improvement costs incurred.

Depreciation expense of $6,516 and $5,315 was recognized for the three months ended June