Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 84

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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 98,897 Total cost1,605,692 1,418,604 Less: accumulated amortization(103,275)(93,668)Goodwill and other intangibles, net$1,502,417 $1,324,936 Goodwill attributable to the Company’s business segments is as follows:April 1, 2024ChangeDecember 31, 2024Corporate Finance (1)$872,967 $141,109 $1,014,076 Financial Restructuring162,815 — 162,815 Financial and Valuation Advisory (2)91,715 11,698 103,413 Goodwill$1,127,497 $152,807 $1,280,304 (1)Change pertains primarily to the acquisition of Waller Helms Advisors LLC and Triago.(2)Change pertains to the acquisition of Prytania Solutions Ltd.

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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 $4,066 and $1,560 was recognized for the three months ended December 31, 2024 and 2023, respectively, and $9,674 and $8,275 for the nine months ended December 31, 2024 and 2023, 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 2025$9,504 202613,699 2027709 2028709 2029 and thereafter4,978 

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 (the "HLI Line of Credit"), which allows for borrowings of up to $100,000 (and, subject to certain conditions, provides the Company with an uncommitted expansion option, which, if exercised in full, would provide for a total credit facility of $200,000) and matures on August 23, 2025 (or