Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 22

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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, 2025 and 2024, respectively. These represent effective tax rates of 0.5% and 10.9% for the three months ended June 30, 2025 and 2024, respectively.

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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 13 — Earnings Per Share 

The calculations of basic and diluted earnings per share attributable to holders of shares of common stock are presented below. The determination of weighted average shares of common stock outstanding includes both the Company's Class A common stock and Class B common stock. Please refer to Note 15 for further detail on our two classes of authorized Company common stock.Three Months Ended June 30,20252024Numerator:Net income attributable Houlihan Lokey, Inc.$97,533 $88,940 Denominator:Weighted average shares of common stock outstanding — basic66,244,178 65,031,216 Weighted average number of incremental shares pertaining to unvested restricted stock and issuable in respect of unvested restricted stock units, as calculated using the treasury stock method2,643,792 3,469,843 Weighted average shares of common stock outstanding — diluted68,887,970 68,501,059 Basic earnings per share$1.47 $1.37 Diluted earnings per share$1.42 $1.30 

Note 14 — Employee Benefit Plans

Defined Contribution PlansThe Company sponsors a 401(k) defined contribution savings plan for its domestic employees and defined contribution retirement plans for its international employees. The Company contributed approximately $3,387 and $3,045 to these plans during the three months ended June 30, 2025 and 2024, respectively.Share-Based Incentive PlansAwards of restricted shares and restricted stock units have been and will be made under the Amended and Restated Houlihan Lokey, Inc. 2016 Incentive Award Plan (the "2016 Incentive Plan"), which became effective in August 2015 and was amended in October 2024. Under the 2016 Incentive Plan, it is anticipated that the Company will continue to grant cash and equity-based incentive awards to eligible service providers in order to attract, motivate and retain the talent