Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 86

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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 Contingent consideration was issued in connection with the acquisition of WHA, which had a carrying value of $30,000 as of December 31, 2024.

Note 11 — Accumulated Other Comprehensive (Loss)

Accumulated other comprehensive (loss) is comprised of Foreign currency translation adjustments of $(48,148) and $25,574 for the three months ended December 31, 2024 and 2023, respectively, and $(19,749) and $8,665 for the nine months ended December 31, 2024 and 2023, respectively.Accumulated other comprehensive (loss) as of December 31, 2024 was comprised of the following:Balance, April 1, 2024$(66,608)Foreign currency translation adjustment(19,749)Balance, December 31, 2024$(86,357)

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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 12 — Income Taxes

The Company’s provision for income taxes was $49,816 and $31,772 for the three months ended December 31, 2024 and 2023, respectively, and $103,289 and $73,276 for the nine months ended December 31, 2024 and 2023, respectively. These represent effective tax rates of 34.3% and 31.0% for the three months ended December 31, 2024 and 2023, respectively, and 27.1% and 26.9% for the nine months ended December 31, 2024 and 2023, respectively.

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 December 31,Nine Months Ended December 31,2024202320242023Numerator:Net income attributable Houlihan Lokey, Inc.$95,302 $70,803 $277,791 $199,224 Denominator:Weighted average shares of common stock outstanding — basic65,