Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 83

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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48,828 shares of its outstanding Class A common stock at a weighted average price of $159.94 per share, excluding commissions, for an aggregate purchase price of $7,810. There were no regular share repurchases made under the existing share repurchase program during the three months ended June 30, 2024.

Note 16 — Leases

Lessee ArrangementsOperating LeasesWe lease real estate and equipment used in operations from third parties. As of June 30, 2025, the remaining term of our operating leases ranged from 1 to 14 years with various automatic extensions.The following table outlines the maturity of our existing operating lease liabilities on a fiscal year-end basis as of June 30, 2025.Maturity of Operating LeasesOperating LeasesRemaining 2026$36,965 202757,493 202858,685 202957,884 203056,110 Thereafter311,785 Total578,922 Less: present value discount(138,542)Operating lease liabilities$440,380 As of June 30, 2025, the Company has not entered into any operating leases for additional office space that have not yet commenced.Lease costsThree Months Ended June 30,20252024Operating lease expense$14,123 $15,033 Variable lease expense (1)4,880 4,622 Short-term lease expense78 54 Less: Sublease income(852)(425)Total lease costs$18,229 $19,284 (1)Primarily consists of payments for property taxes, common area maintenance and usage based operating costs. 

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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)

Weighted-average detailsJune 30,20252024Weighted-average remaining lease term (years)1012Weighted-average discount rate5.4 %5.4 %Supplemental cash flow information related to leases:Three Months Ended June 30,20252024Operating cash flows:Cash paid for amounts included in the measurement of Operating lease liabilities$12,953 $17,698 Non-cash activity:Operating lease right-of-use assets obtained in exchange of Operating lease liabilities$4,068 $24,348 Change in Operating lease right-of-use assets due to reme