Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 20

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 thousands, except share data or as otherwise stated)

Note 6 — Investment Securities

The amortized cost and gross unrealized gains (losses) of marketable investment securities accounted under the fair value method were as follows:December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair ValueCorporate debt securities$85,055 $155 $(284)$84,926 U.S. treasury securities18,312 32 (279)18,065 Certificates of deposit547 — — 547 Total securities with unrealized gains/(losses)$103,914 $187 $(563)$103,538 March 31, 2024Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair ValueCorporate 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 debt securities held by the Company included within the investment securities portfolio were as follows:December 31, 2024March 31, 2024Amortized CostEstimated Fair ValueAmortized CostEstimated Fair ValueDue within one year$75,418 $75,459 $7,592 $7,566 Due within years two through five28,496 28,079 31,328 30,439 Total debt within the investment securities portfolio$103,914 $103,538 $38,920 $38,005 

Note 7 — Allowance for Credit Losses

The following table presents information about the Company's allowance for credit losses:December 31, 2024Beginning balance$14,899 Provision for bad debt, net8,608 Recovery/(write-off) of uncollectible accounts, net (3,413)Ending balance$20,094 

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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