Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 124

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 9
Chunk 124
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 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 Year Ended March 31,202520242023Numerator:Net income attributable to Houlihan Lokey, Inc.$399,711 $280,301 $254,223 Denominator:Weighted average shares of common stock outstanding — basic65,724,473 64,337,975 63,358,408 Weighted average number of incremental shares pertaining to unvested restricted stock and issuable in respect of unvested restricted stock units, as-calculated using the treasury stock method2,933,874 3,821,415 4,227,855 Weighted average shares of common stock outstanding — diluted68,658,347 68,159,390 67,586,263 Basic earnings per share$6.08 $4.36 $4.01 Diluted earnings per share$5.82 $4.11 $3.76 

Note 14 — Employee Benefit Plans

Defined Contribution PlansThe Company sponsors a 401(k) defined contribution savings plan for its domestic employees and defined contribution retirement plans for its international employees. The Company contributed $13,423, $12,526, and $10,640 to these plans during the years ended March 31, 2025, 2024, and 2023, respectively.Share-Based Incentive PlansFollowing the IPO, additional awards of restricted shares and restricted stock units have been and will be made under the Amended and Restated Houlihan Lokey, Inc. 2016 Incentive Award Plan (the “2016 Incentive Plan”), which became effective in August 2015 and was amended in October 2017. Under the 2016 Incentive Plan, it is anticipated that the Company will continue to grant cash and equity-based incentive awards to eligible service providers in order to attract, motivate, and retain the talent necessary to operate the Company's business. Equity-based incentive awards issued under the 2016 Incentive Plan generally vest over a four-year period. Restricted shares of Class A common stock were granted under the 2016 Incentive Plan to i) six independent directors in the first quarter of fiscal