Company: HLI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001302215-25-000111
Chunk: 66

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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1,292,121 $1,284,589 Tradename-Houlihan LokeyIndefinite192,210 192,210 Other intangible assetsVaries134,589 133,785 Total cost1,618,920 1,610,584 Less: accumulated amortization(125,918)(113,325)Goodwill and Other intangible assets, net$1,493,002 $1,497,259 The following table provides a reconciliation of goodwill attributable to the Company’s business segments:April 1, 2025Change (1)September 30, 2025Corporate Finance$1,017,983 $6,066 $1,024,049 Financial Restructuring162,815 — 162,815 Financial and Valuation Advisory103,791 1,466 105,257 Goodwill$1,284,589 $7,532 $1,292,121 (1)Changes pertain primarily to foreign currency translation adjustments.

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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)

Amortization expense of approximately $2,590 and $2,067 was recognized for the three months ended September 30, 2025 and 2024, respectively, and $12,064 and $5,608 was recognized for the six months ended September 30, 2025 and 2024, respectively.The estimated future amortization for finite-lived intangible assets for each of the next five fiscal years and thereafter are as follows:Year EndingMarch 31,Remainder of 2026$1,965 2027866 2028708 2029682 2030 and thereafter4,147 

Note 10 — Other Liabilities

On August 23, 2019, the Company entered into a syndicated revolving line of credit with Bank of America, N.A. and certain other financial institutions party thereto, which was amended by the First Amendment to Credit Agreement dated as of August 2, 2022, and further amended by the Second Amendment to Credit Agreement on August 19, 2025 (as amended, the "HLI Line of Credit"). The HLI Line of Credit allows for borrowings of up to $150,000 (