Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 21

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 the following:December 31, 2024March 31, 2024Equipment$10,899 $9,972 Furniture and fixtures34,798 29,672Leasehold improvements148,503 144,996Computers and software15,094 12,282Other8,090 8,088Total cost217,384 205,010 Less: accumulated depreciation(77,279)(68,309)Total net book value$140,105 $136,701 Additions to property and equipment during the nine months ended December 31, 2024 were primarily related to leasehold improvement costs incurred.

Depreciation expense of $5,495 and $5,097 was recognized for the three months ended December 31, 2024 and 2023, respectively, and $16,187 and $12,000 for the nine months ended December 31, 2024 and 2023, 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 LivesDecember 31, 2024March 31, 2024GoodwillIndefinite$1,280,304 $1,127,497 Tradename-Houlihan LokeyIndefinite192,210 192,210 Other intangible assetsVaries133,178 98,897 Total cost1,605,692 1,418,604 Less: accumulated amortization(103,275)(93,668)Goodwill and other intangibles, net$1,502,417 $1,324,936 Goodwill attributable to the Company’s business segments is as follows:April 1, 2024ChangeDecember 31, 2024Corporate Finance (1)$872,967 $141,109 $1,014,076 Financial Restructuring162,815 — 162,815 Financial and Valuation Advisory (2)91,715 11,698 103,413 Goodwill$1,127,497 $152,807 $1,280,304 (1)Change pertains primarily to the acquisition of Waller Helms Advisors LLC and Triago.(2)Change pertains to the acquisition of Prytania Solutions Ltd.

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIAR