Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 120

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 9
Chunk 120
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 years ended March 31, 2025 and 2024, respectively. Contingent consideration was also issued in connection with the acquisition of 7MA, which had a fair value of $2,200 and $4,000 as of March 31, 2025 and 2024, respectively, and is included in Other liabilities in our Consolidated Balance Sheets.In December 2024, the Company acquired Waller Helms Advisors LLC (“WHA”). Contingent consideration was issued in connection with the acquisition of WHA, which had a fair value of $30,000 as of March 31, 2025.

Note 11 — Accumulated Other Comprehensive (Loss)

Accumulated other comprehensive (loss) is comprised of Foreign currency translation adjustments of $3,327 and $(3,794) for the years ended March 31, 2025 and 2024, respectively. We do not expect the change in foreign currency translation to have a material impact on our operating results and financial position.Accumulated other comprehensive (loss) as of March 31, 2025, 2024, and 2023, was comprised of the following:TotalBalance, March 31, 2023$(62,814)Foreign currency translation adjustments(3,794)Balance, March 31, 2024(66,608)Foreign currency translation adjustments3,327 Balance, March 31, 2025$(63,281)

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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 12 — Income Taxes

The Company’s provision for income taxes was $131,624, $110,238, and $69,777, for the years ended March 31, 2025, 2024, and 2023, respectively. This represents effective tax rates of 24.8%, 28.2%, and 21.5% for the years ended March 31, 2025, 2024, and 2023, respectively. The provision for income taxes on operations for the years ended March 31, 2025, 2024, and 2023 is comprised of the following approximate values:Year Ended March 31,202520242023Current:Federal$73,724 $40,838 $66,529 State and local