Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 117

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 9
Chunk 117
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— 549 Total securities with unrealized gains/(losses)$195,301 $644 $(321)$195,624 March 31, 2024Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair Value Corporate debt securities$22,318 $8 $(685)$21,641 U.S. treasury securities16,071 110 (348)15,833 Certificates of deposit531 — — 531 Total securities with unrealized gains/(losses)$38,920 $118 $(1,033)$38,005 Scheduled maturities of the securities held by the Company included within the investment securities portfolio were as follows:March 31, 2025March 31, 2024Amortized CostEstimated Fair ValueAmortized CostEstimated Fair ValueDue within one year$166,799 $167,328 $7,592 $7,566 Due within years two through five28,502 28,296 31,328 30,439 Total debt within the investment securities portfolio$195,301 $195,624 $38,920 $38,005 

Note 7 — Allowance for Credit Losses

The following table presents information about the Company's allowance for credit losses:March 31, 2025March 31, 2024Beginning balance$14,899 $14,395 Provision for bad debt, net9,260 7,264 Write-off of uncollectible accounts, net(3,552)(6,760)Ending balance$20,607 $14,899 

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)(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:Useful LivesMarch 31, 2025March 31, 2024Equipment5 years$10,409 $9,972 Furniture and fixtures5 years37,801 29,672 Leasehold improvements10 years159,961 144,996 Computers and software3 years13,620 12,282 OtherVarious8,092 8,088 Total cost229,883 205,010 Less: accumulated depreciation