Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 76

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 76
---
 30, 2025 and 2024, respectively.

Note 9 — Goodwill and Other Intangible Assets

The following table provides a reconciliation of Goodwill and other intangibles, net reported on the Consolidated Balance Sheets.Useful LivesJune 30, 2025March 31, 2025GoodwillIndefinite$1,295,128 $1,284,589 Tradename-Houlihan LokeyIndefinite192,210 192,210 Other intangible assetsVaries135,056 133,785 Total cost1,622,394 1,610,584 Less: accumulated amortization(123,642)(113,325)Goodwill and other intangibles, net$1,498,752 $1,497,259 Goodwill attributable to the Company’s business segments is as follows:April 1, 2025Change (1)June 30, 2025Corporate Finance$1,017,983 $8,783 $1,026,766 Financial Restructuring162,815 — 162,815 Financial and Valuation Advisory103,791 1,756 105,547 Goodwill$1,284,589 $10,539 $1,295,128 (1)Changes pertain primarily to foreign currency translation adjustments.

14

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 $9,474 and $3,541 was recognized for the three months ended June 30, 2025 and 2024, respectivelyThe 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 2026$4,572 2027884 2028723 2029696 2030 and thereafter4,236 

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