Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 19

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 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 30, 2025 and 2024, respectively.

Note 9 — Goodwill and Other Intangible Assets

The following table provides a reconciliation of Goodwill and other intangibles, net reported on the Consolidated Balance Sheets.Useful LivesJune 30, 2025March 31, 2025GoodwillIndefinite$1,295,128 $1,284,589 Tradename-Houlihan LokeyIndefinite192,210 192,210 Other intangible assetsVaries135,056 133,785 Total cost1,622,394 1,610,584 Less: accumulated amortization(123,642)(113,325)Goodwill and other intangibles, net$1,498,752 $