Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 78

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 June 30, 2025 and March 31, 2025, respectively.

Note 11 — Accumulated Other Comprehensive (Loss)

Accumulated other comprehensive (loss) is comprised of Foreign currency translation adjustments of $48,319 and $(2,962) for the three months ended June 30, 2025 and 2024, respectively.Accumulated other comprehensive (loss) as of June 30, 2025 was comprised of the following:Balance, April 1, 2025$(63,281)Foreign currency translation adjustment48,319 Balance, June 30, 2025$(14,962)

Note 12 — Income Taxes

The Company’s provision for income taxes was $517 and $10,934 for the three months ended June 30, 2025 and 2024, respectively. These represent effective tax rates of 0.5% and 10.9% for the three months ended June 30, 2025 and 2024, respectively.

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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 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 June 30,20252024Numerator:Net income attributable Houlihan Lokey, Inc.$97,533 $88,940 Denominator:Weighted average shares of common stock outstanding — basic66,244,178 65,031,216 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 method2,643,792 3,469,843 Weighted average shares of common stock outstanding — diluted68,887,970 68,501,059 Basic earnings per share$1.47 $1.37 Diluted earnings per share$1.42 $1.30 

Note 14 — Employee Benefit Plans

Defined Contribution PlansThe Company sponsors a 401(k) defined contribution