Company: HLI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001302215-25-000111
Chunk: 13

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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Amortized CostEstimated Fair ValueAmortized CostEstimated Fair ValueDue within one year$155,578 $155,945 $166,799 $167,328 Due within years two through five28,463 28,673 28,502 28,296 Total debt within the investment securities portfolio$184,041 $184,618 $195,301 $195,624 

Note 7 — Allowance for Credit Losses

The following table presents information about the Company's allowance for credit losses:Balance as of April 1, 2025$20,607 Provision for bad debt, net5,619 Recovery/(write-off) of uncollectible accounts, net (2,093)Balance as of September 30, 2025$24,133 

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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:September 30, 2025March 31, 2025Equipment$11,472 $10,409 Furniture and fixtures40,502 37,801Leasehold improvements165,159 159,961Computers and software13,821 13,620Other8,231 8,092Total cost239,185 229,883 Less: accumulated depreciation(93,992)(80,533)Total net book value$145,193 $149,350 Additions to property and equipment during the six months ended September 30, 2025 were primarily related to leasehold improvement costs incurred.

Depreciation expense of $7,713 and $5,377 was recognized for the three months ended September 30, 2025 and 2024, respectively, and $14,228 and $10,692 for the six months ended September 30, 2025 and 2024, respectively.

Note 9 — Goodwill and Other Intangible Assets

The following table provides a reconciliation of Goodwill and Other intangible assets, net reported on the Consolidated Balance Sheets.Useful LivesSeptember 30, 2025March 31, 2025GoodwillIndefinite$1,292,121 $1,284,589 Trad