Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 29

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 share repurchase program, which provides for share repurchases of a new aggregate amount of up to $500,000 of the Company's Class A common stock and Class B common stock. As of December 31, 2024, shares with a value of $457,713 remained available for purchase under the program.During the three months ended December 31, 2024 and 2023, the Company repurchased 1,177 and 884 shares, respectively, of Class B common stock, to satisfy $247 and $95, respectively, of required withholding taxes in connection with the vesting of restricted awards. During the three months ended December 31, 2024 and 2023, there were no regular share repurchases made under the existing share repurchase program.During the nine months ended December 31, 2024 and 2023, the Company repurchased 676,572 and 767,716 shares, respectively, of Class B common stock, to satisfy $101,963 and $70,120 of required withholding taxes in connection with the vesting of restricted awards, respectively. During the nine months ended December 31, 2024, there were no regular share repurchases made under the existing share repurchase program. During the nine months ended December 31, 2023, the Company repurchased 239,100 shares of its outstanding Class A common stock at a weighted average price of $104.36 per share, excluding commissions, for an aggregate purchase price of $24,952.

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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 16 — Leases

Lessee ArrangementsOperating LeasesWe lease real estate and equipment used in operations from third parties. As of December 31, 2024, the remaining term of our operating leases ranged from 1 to 15 years with various automatic extensions.The following table outlines the maturity of our existing operating lease liabilities on a fiscal year-end basis as of December 31, 2024.Maturity of Operating LeasesOperating LeasesRemaining 2025$7,326 202653,950 202753,717 202854,513 202955,087 Thereafter352,098 Total576,691 Less: present value discount(143,659)Operating lease liabilities$433,