v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Oct. 31, 2024 |
Oct. 31, 2023 |
Oct. 31, 2024 |
Oct. 31, 2023 |
|
| Total revenue | $ 681,960 | $ 712,447 | $ 1,364,721 | $ 1,418,709 |
| Compensation and benefits | 437,427 | 453,859 | 889,202 | 933,740 |
| General and administrative expenses | 64,541 | 65,737 | 124,540 | 131,654 |
| Depreciation and amortization | 19,688 | 19,554 | 39,266 | 38,566 |
| Restructuring charges, net | 576 | 63,525 | 576 | 63,946 |
| Total operating expenses | 594,484 | 689,631 | 1,201,195 | 1,339,125 |
| Operating income | 87,476 | 22,816 | 163,526 | 79,584 |
| Other income (loss), net | 5,391 | (13,835) | 19,896 | (258) |
| Interest expense, net | (5,626) | (6,596) | (9,571) | (11,336) |
| Income before provision for income taxes | 87,241 | 2,385 | 173,851 | 67,990 |
| Income tax provision | 24,898 | 2,341 | 47,252 | 20,761 |
| Net income | 62,343 | 44 | 126,599 | 47,229 |
| Net income attributable to noncontrolling interest | (1,543) | (1,755) | (3,195) | (2,335) |
| Net income (loss) attributable to Korn Ferry | $ 60,800 | $ (1,711) | $ 123,404 | $ 44,894 |
| Earnings (loss) per common share attributable to Korn Ferry: | ||||
| Basic (in usd per share) | $ 1.16 | $ (0.04) | $ 2.34 | $ 0.86 |
| Diluted (in usd per share) | $ 1.14 | $ (0.04) | $ 2.30 | $ 0.86 |
| Weighted-average common shares outstanding: | ||||
| Basic (in shares) | 51,957 | 51,328 | 51,953 | 51,131 |
| Diluted (in shares) | 52,750 | 51,328 | 52,864 | 51,401 |
| Cash dividends declared per share (in usd per share) | $ 0.37 | $ 0.18 | $ 0.74 | $ 0.36 |
| Fee revenue | ||||
| Total revenue | $ 674,365 | $ 704,003 | $ 1,349,311 | $ 1,403,192 |
| Cost of services | 64,657 | 78,512 | 132,201 | 155,702 |
| Reimbursed out-of-pocket engagement expenses | ||||
| Total revenue | 7,595 | 8,444 | 15,410 | 15,517 |
| Reimbursed expenses | ||||
| Cost of services | $ 7,595 | $ 8,444 | $ 15,410 | $ 15,517 |
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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