false
2022
Q2
0000056679
--04-30
P4Y
true
true
P1Y
P6M
P1Y
P1Y
true
true
true
true
P1Y
P4Y
P5Y
http://fasb.org/us-gaap/2021-01-31#OtherAssets
http://fasb.org/us-gaap/2021-01-31#OtherAssets
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
0000056679
2021-05-01
2021-10-31
xbrli:shares
0000056679
2021-12-03
iso4217:USD
0000056679
2021-10-31
0000056679
2021-04-30
iso4217:USD
xbrli:shares
0000056679
us-gaap:ServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:ServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:ServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:ServiceMember
2020-05-01
2020-10-31
0000056679
kfy:ReimbursedOutOfPocketEngagementExpensesMember
2021-08-01
2021-10-31
0000056679
kfy:ReimbursedOutOfPocketEngagementExpensesMember
2020-08-01
2020-10-31
0000056679
kfy:ReimbursedOutOfPocketEngagementExpensesMember
2021-05-01
2021-10-31
0000056679
kfy:ReimbursedOutOfPocketEngagementExpensesMember
2020-05-01
2020-10-31
0000056679
2021-08-01
2021-10-31
0000056679
2020-08-01
2020-10-31
0000056679
2020-05-01
2020-10-31
0000056679
kfy:ReimbursedExpensesMember
2021-08-01
2021-10-31
0000056679
kfy:ReimbursedExpensesMember
2020-08-01
2020-10-31
0000056679
kfy:ReimbursedExpensesMember
2021-05-01
2021-10-31
0000056679
kfy:ReimbursedExpensesMember
2020-05-01
2020-10-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2021-04-30
0000056679
us-gaap:RetainedEarningsMember
2021-04-30
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2021-04-30
0000056679
us-gaap:ParentMember
2021-04-30
0000056679
us-gaap:NoncontrollingInterestMember
2021-04-30
0000056679
us-gaap:RetainedEarningsMember
2021-05-01
2021-07-31
0000056679
us-gaap:ParentMember
2021-05-01
2021-07-31
0000056679
us-gaap:NoncontrollingInterestMember
2021-05-01
2021-07-31
0000056679
2021-05-01
2021-07-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2021-05-01
2021-07-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2021-05-01
2021-07-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2021-07-31
0000056679
us-gaap:RetainedEarningsMember
2021-07-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2021-07-31
0000056679
us-gaap:ParentMember
2021-07-31
0000056679
us-gaap:NoncontrollingInterestMember
2021-07-31
0000056679
2021-07-31
0000056679
us-gaap:RetainedEarningsMember
2021-08-01
2021-10-31
0000056679
us-gaap:ParentMember
2021-08-01
2021-10-31
0000056679
us-gaap:NoncontrollingInterestMember
2021-08-01
2021-10-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2021-08-01
2021-10-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2021-08-01
2021-10-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2021-10-31
0000056679
us-gaap:RetainedEarningsMember
2021-10-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2021-10-31
0000056679
us-gaap:ParentMember
2021-10-31
0000056679
us-gaap:NoncontrollingInterestMember
2021-10-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2020-04-30
0000056679
us-gaap:RetainedEarningsMember
2020-04-30
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2020-04-30
0000056679
us-gaap:ParentMember
2020-04-30
0000056679
us-gaap:NoncontrollingInterestMember
2020-04-30
0000056679
2020-04-30
0000056679
us-gaap:RetainedEarningsMember
2020-05-01
2020-07-31
0000056679
us-gaap:ParentMember
2020-05-01
2020-07-31
0000056679
us-gaap:NoncontrollingInterestMember
2020-05-01
2020-07-31
0000056679
2020-05-01
2020-07-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2020-05-01
2020-07-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2020-05-01
2020-07-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2020-07-31
0000056679
us-gaap:RetainedEarningsMember
2020-07-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2020-07-31
0000056679
us-gaap:ParentMember
2020-07-31
0000056679
us-gaap:NoncontrollingInterestMember
2020-07-31
0000056679
2020-07-31
0000056679
us-gaap:RetainedEarningsMember
2020-08-01
2020-10-31
0000056679
us-gaap:ParentMember
2020-08-01
2020-10-31
0000056679
us-gaap:NoncontrollingInterestMember
2020-08-01
2020-10-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2020-08-01
2020-10-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2020-08-01
2020-10-31
0000056679
us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember
2020-10-31
0000056679
us-gaap:RetainedEarningsMember
2020-10-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2020-10-31
0000056679
us-gaap:ParentMember
2020-10-31
0000056679
us-gaap:NoncontrollingInterestMember
2020-10-31
0000056679
2020-10-31
0000056679
us-gaap:NondesignatedMember
2021-05-01
2021-10-31
kfy:Segment
xbrli:pure
0000056679
kfy:MexicanSubsidiaryMember
2021-10-31
0000056679
kfy:MillerHeimanGroupAchieveForumAndStrategyExecutionMember
2020-05-01
2020-10-31
0000056679
kfy:LeaseholdImprovementsAndFurnitureAndFixturesMember
2021-08-01
2021-10-31
0000056679
kfy:LeaseholdImprovementsAndFurnitureAndFixturesMember
2021-05-01
2021-10-31
0000056679
2020-05-01
2021-04-30
0000056679
srt:MinimumMember
2021-05-01
2021-10-31
0000056679
srt:MaximumMember
2021-05-01
2021-10-31
0000056679
us-gaap:AccountingStandardsUpdate202101Member
2021-10-31
0000056679
us-gaap:RestrictedStockMember
2021-08-01
2021-10-31
0000056679
us-gaap:RestrictedStockMember
2021-05-01
2021-10-31
0000056679
us-gaap:RestrictedStockMember
2020-08-01
2020-10-31
0000056679
us-gaap:RestrictedStockMember
2020-05-01
2020-10-31
0000056679
us-gaap:RestrictedStockMember
2021-08-01
2021-10-31
0000056679
us-gaap:RestrictedStockMember
2020-08-01
2020-10-31
0000056679
us-gaap:RestrictedStockMember
2021-05-01
2021-10-31
0000056679
us-gaap:EmployeeStockMember
2021-08-01
2021-10-31
0000056679
us-gaap:EmployeeStockMember
2020-08-01
2020-10-31
0000056679
us-gaap:EmployeeStockMember
2021-05-01
2021-10-31
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2021-07-31
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2021-07-31
0000056679
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-07-31
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2021-08-01
2021-10-31
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2021-08-01
2021-10-31
0000056679
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-08-01
2021-10-31
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2021-10-31
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2021-10-31
0000056679
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-10-31
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2021-04-30
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2021-04-30
0000056679
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-04-30
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2021-05-01
2021-10-31
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2021-05-01
2021-10-31
0000056679
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-05-01
2021-10-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2021-05-01
2021-10-31
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2020-07-31
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2020-07-31
0000056679
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2020-07-31
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2020-08-01
2020-10-31
0000056679
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2020-08-01
2020-10-31
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2020-08-01
2020-10-31
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2020-10-31
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2020-10-31
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2020-04-30
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2020-04-30
0000056679
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2020-04-30
0000056679
us-gaap:AccumulatedTranslationAdjustmentMember
2020-05-01
2020-10-31
0000056679
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2020-05-01
2020-10-31
0000056679
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2020-05-01
2020-10-31
0000056679
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2020-05-01
2020-10-31
0000056679
us-gaap:RestrictedStockMember
2020-05-01
2020-10-31
0000056679
us-gaap:EmployeeStockMember
2020-05-01
2020-10-31
0000056679
kfy:StockIncentivePlanMember
2019-10-03
0000056679
kfy:StockIncentivePlanMember
2019-10-03
2019-10-03
0000056679
kfy:TimeBasedRestrictedStockMember
2021-05-01
2021-10-31
0000056679
kfy:MarketBasedRestrictedStockMember
2021-05-01
2021-10-31
0000056679
us-gaap:RestrictedStockMember
2021-04-30
0000056679
us-gaap:RestrictedStockMember
2021-10-31
0000056679
kfy:MarketBasedRestrictedStockMember
2021-10-31
0000056679
us-gaap:EmployeeStockMember
2021-10-31
0000056679
us-gaap:EmployeeStockMember
srt:MinimumMember
2021-05-01
2021-10-31
0000056679
us-gaap:EmployeeStockMember
srt:MaximumMember
2021-05-01
2021-10-31
0000056679
us-gaap:TreasuryStockCommonMember
2021-08-01
2021-10-31
0000056679
us-gaap:TreasuryStockCommonMember
2021-05-01
2021-10-31
0000056679
us-gaap:TreasuryStockCommonMember
2020-08-01
2020-10-31
0000056679
us-gaap:TreasuryStockCommonMember
2020-05-01
2020-10-31
0000056679
us-gaap:FairValueInputsLevel2Member
us-gaap:CommercialPaperMember
2021-10-31
0000056679
us-gaap:FairValueInputsLevel2Member
kfy:CorporateNotesOrBondsMember
2021-10-31
0000056679
us-gaap:FairValueInputsLevel2Member
2021-10-31
0000056679
us-gaap:FairValueInputsLevel1Member
us-gaap:MutualFundMember
2021-10-31
0000056679
us-gaap:FairValueInputsLevel1Member
us-gaap:EquitySecuritiesMember
2021-10-31
0000056679
us-gaap:FairValueInputsLevel1Member
us-gaap:CashMember
2021-10-31
0000056679
us-gaap:FairValueInputsLevel1Member
us-gaap:MoneyMarketFundsMember
2021-10-31
0000056679
us-gaap:FairValueInputsLevel2Member
us-gaap:ForeignExchangeForwardMember
2021-10-31
0000056679
us-gaap:FairValueInputsLevel2Member
us-gaap:CommercialPaperMember
2021-04-30
0000056679
us-gaap:FairValueInputsLevel2Member
kfy:CorporateNotesOrBondsMember
2021-04-30
0000056679
us-gaap:FairValueInputsLevel2Member
kfy:USTreasuryAndAgencySecuritiesMember
2021-04-30
0000056679
us-gaap:FairValueInputsLevel2Member
2021-04-30
0000056679
us-gaap:FairValueInputsLevel1Member
us-gaap:MutualFundMember
2021-04-30
0000056679
us-gaap:FairValueInputsLevel1Member
us-gaap:EquitySecuritiesMember
2021-04-30
0000056679
us-gaap:FairValueInputsLevel1Member
us-gaap:CashMember
2021-04-30
0000056679
us-gaap:FairValueInputsLevel1Member
us-gaap:MoneyMarketFundsMember
2021-04-30
0000056679
us-gaap:FairValueInputsLevel2Member
us-gaap:ForeignExchangeForwardMember
2021-04-30
0000056679
srt:MinimumMember
us-gaap:AvailableforsaleSecuritiesMember
2021-05-01
2021-10-31
0000056679
us-gaap:AvailableforsaleSecuritiesMember
srt:MaximumMember
2021-05-01
2021-10-31
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
2021-10-31
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
2021-04-30
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
kfy:IncomeTaxesAndOtherReceivablesMember
kfy:DerivativesPurchasedMember
2021-10-31
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
kfy:IncomeTaxesAndOtherReceivablesMember
kfy:DerivativesPurchasedMember
2021-04-30
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
kfy:IncomeTaxesAndOtherReceivablesMember
kfy:DerivativesSoldMember
2021-10-31
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
kfy:IncomeTaxesAndOtherReceivablesMember
kfy:DerivativesSoldMember
2021-04-30
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
2021-08-01
2021-10-31
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
2021-05-01
2021-10-31
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
2020-08-01
2020-10-31
0000056679
us-gaap:NondesignatedMember
us-gaap:ForeignExchangeForwardMember
2020-05-01
2020-10-31
0000056679
kfy:DeferredCompensationPlanMember
2021-08-01
2021-10-31
0000056679
kfy:DeferredCompensationPlanMember
2020-08-01
2020-10-31
0000056679
kfy:DeferredCompensationPlanMember
2021-05-01
2021-10-31
0000056679
kfy:DeferredCompensationPlanMember
2020-05-01
2020-10-31
0000056679
kfy:CSVOfColiContractsMember
kfy:DeferredCompensationPlanMember
2021-10-31
0000056679
kfy:CSVOfColiContractsMember
kfy:DeferredCompensationPlanMember
2021-04-30
0000056679
kfy:CSVOfColiContractsMember
2021-08-01
2021-10-31
0000056679
kfy:CSVOfColiContractsMember
2021-05-01
2021-10-31
0000056679
kfy:CSVOfColiContractsMember
2020-08-01
2020-10-31
0000056679
kfy:CSVOfColiContractsMember
2020-05-01
2020-10-31
0000056679
kfy:ExecutiveCapitalAccumulationPlanMember
2021-05-01
2021-10-31
0000056679
kfy:ExecutiveCapitalAccumulationPlanMember
2021-08-01
2021-10-31
0000056679
kfy:ExecutiveCapitalAccumulationPlanMember
2020-08-01
2020-10-31
0000056679
kfy:ExecutiveCapitalAccumulationPlanMember
2020-05-01
2020-10-31
0000056679
2021-11-01
2021-10-31
0000056679
2022-05-01
2021-10-31
0000056679
2023-05-01
2021-10-31
0000056679
2024-05-01
2021-10-31
0000056679
2024-05-01
2021-05-01
2021-10-31
0000056679
kfy:IndustrialMember
2021-08-01
2021-10-31
0000056679
kfy:LifeSciencesAndHealthcareMember
2021-08-01
2021-10-31
0000056679
us-gaap:FinancialServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:TechnologyServiceMember
2021-08-01
2021-10-31
0000056679
kfy:ConsumerGoodsMember
2021-08-01
2021-10-31
0000056679
kfy:EducationNonProfitAndGeneralMember
2021-08-01
2021-10-31
0000056679
kfy:IndustrialMember
2020-08-01
2020-10-31
0000056679
kfy:LifeSciencesAndHealthcareMember
2020-08-01
2020-10-31
0000056679
us-gaap:FinancialServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:TechnologyServiceMember
2020-08-01
2020-10-31
0000056679
kfy:ConsumerGoodsMember
2020-08-01
2020-10-31
0000056679
kfy:EducationNonProfitAndGeneralMember
2020-08-01
2020-10-31
0000056679
kfy:IndustrialMember
2021-05-01
2021-10-31
0000056679
kfy:LifeSciencesAndHealthcareMember
2021-05-01
2021-10-31
0000056679
us-gaap:FinancialServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:TechnologyServiceMember
2021-05-01
2021-10-31
0000056679
kfy:ConsumerGoodsMember
2021-05-01
2021-10-31
0000056679
kfy:EducationNonProfitAndGeneralMember
2021-05-01
2021-10-31
0000056679
kfy:IndustrialMember
2020-05-01
2020-10-31
0000056679
kfy:LifeSciencesAndHealthcareMember
2020-05-01
2020-10-31
0000056679
us-gaap:FinancialServiceMember
2020-05-01
2020-10-31
0000056679
us-gaap:TechnologyServiceMember
2020-05-01
2020-10-31
0000056679
kfy:ConsumerGoodsMember
2020-05-01
2020-10-31
0000056679
kfy:EducationNonProfitAndGeneralMember
2020-05-01
2020-10-31
0000056679
us-gaap:CommercialPaperMember
2021-10-31
0000056679
us-gaap:CorporateBondSecuritiesMember
2021-10-31
0000056679
us-gaap:CommercialPaperMember
kfy:MarketableSecuritiesCurrentMember
2021-10-31
0000056679
us-gaap:CorporateBondSecuritiesMember
kfy:MarketableSecuritiesCurrentMember
2021-10-31
0000056679
us-gaap:CorporateBondSecuritiesMember
kfy:MarketableSecuritiesNonCurrentMember
2021-10-31
0000056679
us-gaap:CommercialPaperMember
2021-04-30
0000056679
us-gaap:CorporateBondSecuritiesMember
2021-04-30
0000056679
us-gaap:CommercialPaperMember
us-gaap:CashAndCashEquivalentsMember
2021-04-30
0000056679
us-gaap:CommercialPaperMember
kfy:MarketableSecuritiesCurrentMember
2021-04-30
0000056679
us-gaap:CorporateBondSecuritiesMember
kfy:MarketableSecuritiesCurrentMember
2021-04-30
0000056679
us-gaap:CorporateBondSecuritiesMember
kfy:MarketableSecuritiesNonCurrentMember
2021-04-30
kfy:Investment
0000056679
us-gaap:EmployeeSeveranceMember
2021-08-01
2021-10-31
0000056679
us-gaap:EmployeeSeveranceMember
2021-05-01
2021-10-31
0000056679
us-gaap:EmployeeSeveranceMember
2020-08-01
2020-10-31
0000056679
us-gaap:EmployeeSeveranceMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ConsultingMember
us-gaap:ServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:DigitalMember
us-gaap:ServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:NorthAmericaMember
us-gaap:ServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:EMEAMember
us-gaap:ServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:AsiaPacificMember
us-gaap:ServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:LatinAmericaMember
us-gaap:ServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:ServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:RPOAndProfessionalSearchMember
us-gaap:ServiceMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ConsultingMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:DigitalMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:NorthAmericaMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:EMEAMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:AsiaPacificMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:LatinAmericaMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:RPOAndProfessionalSearchMember
2021-08-01
2021-10-31
0000056679
us-gaap:CorporateNonSegmentMember
2021-08-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ConsultingMember
us-gaap:ServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:DigitalMember
us-gaap:ServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:NorthAmericaMember
us-gaap:ServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:EMEAMember
us-gaap:ServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:AsiaPacificMember
us-gaap:ServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:LatinAmericaMember
us-gaap:ServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:ServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:RPOAndProfessionalSearchMember
us-gaap:ServiceMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ConsultingMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:DigitalMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:NorthAmericaMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:EMEAMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:AsiaPacificMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:LatinAmericaMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:RPOAndProfessionalSearchMember
2020-08-01
2020-10-31
0000056679
us-gaap:CorporateNonSegmentMember
2020-08-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ConsultingMember
us-gaap:ServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:DigitalMember
us-gaap:ServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:NorthAmericaMember
us-gaap:ServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:EMEAMember
us-gaap:ServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:AsiaPacificMember
us-gaap:ServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:LatinAmericaMember
us-gaap:ServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:ServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:RPOAndProfessionalSearchMember
us-gaap:ServiceMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ConsultingMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:DigitalMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:NorthAmericaMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:EMEAMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:AsiaPacificMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:LatinAmericaMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:RPOAndProfessionalSearchMember
2021-05-01
2021-10-31
0000056679
us-gaap:CorporateNonSegmentMember
2021-05-01
2021-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ConsultingMember
us-gaap:ServiceMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:DigitalMember
us-gaap:ServiceMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:NorthAmericaMember
us-gaap:ServiceMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:EMEAMember
us-gaap:ServiceMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:AsiaPacificMember
us-gaap:ServiceMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:LatinAmericaMember
us-gaap:ServiceMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:ServiceMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:RPOAndProfessionalSearchMember
us-gaap:ServiceMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ConsultingMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:DigitalMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:NorthAmericaMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
us-gaap:EMEAMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:AsiaPacificMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
srt:LatinAmericaMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:ExecutiveSearchMember
2020-05-01
2020-10-31
0000056679
us-gaap:OperatingSegmentsMember
kfy:RPOAndProfessionalSearchMember
2020-05-01
2020-10-31
0000056679
us-gaap:CorporateNonSegmentMember
2020-05-01
2020-10-31
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
2019-12-16
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
2021-05-01
2021-10-31
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
2019-12-16
2019-12-16
0000056679
us-gaap:DebtInstrumentRedemptionPeriodFourMember
2019-12-16
2019-12-16
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
us-gaap:DebtInstrumentRedemptionPeriodTwoMember
2021-05-01
2021-10-31
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
us-gaap:DebtInstrumentRedemptionPeriodThreeMember
2021-05-01
2021-10-31
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
kfy:DebtInstrumentRedemptionPeriodFourAndAfterMember
2021-05-01
2021-10-31
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
srt:MaximumMember
2019-12-16
2019-12-16
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
2021-10-31
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
2021-04-30
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
kfy:SeniorUnsecuredNotesMember
2021-10-31
0000056679
kfy:FourPointSixTwoFivePercentSeniorUnsecuredNotesDueTwoThousandTwentySevenMember
kfy:SeniorUnsecuredNotesMember
2021-04-30
0000056679
kfy:CreditAgreementMember
2019-12-16
2019-12-16
0000056679
kfy:CreditAgreementMember
us-gaap:RevolvingCreditFacilityMember
2019-12-16
2019-12-16
0000056679
kfy:CreditAgreementMember
us-gaap:RevolvingCreditFacilityMember
2019-12-16
0000056679
kfy:CreditAgreementMember
srt:MaximumMember
2019-12-16
2019-12-16
0000056679
kfy:CreditAgreementMember
srt:MinimumMember
2019-12-16
0000056679
kfy:CreditAgreementMember
us-gaap:RevolvingCreditFacilityMember
2021-05-01
2021-10-31
0000056679
kfy:CreditAgreementMember
us-gaap:LondonInterbankOfferedRateLIBORMember
srt:MinimumMember
2021-05-01
2021-10-31
0000056679
kfy:CreditAgreementMember
us-gaap:LondonInterbankOfferedRateLIBORMember
srt:MaximumMember
2021-05-01
2021-10-31
0000056679
kfy:CreditAgreementMember
us-gaap:BaseRateMember
srt:MinimumMember
2021-05-01
2021-10-31
0000056679
kfy:CreditAgreementMember
us-gaap:BaseRateMember
srt:MaximumMember
2021-05-01
2021-10-31
0000056679
kfy:CreditAgreementMember
srt:MinimumMember
us-gaap:RevolvingCreditFacilityMember
2021-05-01
2021-10-31
0000056679
kfy:CreditAgreementMember
srt:MaximumMember
us-gaap:RevolvingCreditFacilityMember
2021-05-01
2021-10-31
0000056679
kfy:CreditAgreementMember
us-gaap:RevolvingCreditFacilityMember
2021-10-31
0000056679
kfy:CreditAgreementMember
us-gaap:RevolvingCreditFacilityMember
2021-04-30
0000056679
kfy:CreditAgreementMember
2021-10-31
0000056679
kfy:CreditAgreementMember
2021-04-30
0000056679
us-gaap:RevolvingCreditFacilityMember
2021-10-31
0000056679
us-gaap:RevolvingCreditFacilityMember
2021-04-30
0000056679
us-gaap:StandbyLettersOfCreditMember
2021-10-31
0000056679
us-gaap:StandbyLettersOfCreditMember
2021-04-30
0000056679
us-gaap:StandbyLettersOfCreditMember
kfy:OtherFinancialInstitutionsMember
2021-10-31
0000056679
us-gaap:StandbyLettersOfCreditMember
kfy:OtherFinancialInstitutionsMember
2021-04-30
0000056679
srt:MinimumMember
2021-10-31
0000056679
srt:MaximumMember
2021-10-31
0000056679
us-gaap:DividendDeclaredMember
us-gaap:SubsequentEventMember
2021-12-07
2021-12-07
0000056679
us-gaap:DividendDeclaredMember
us-gaap:SubsequentEventMember
2021-12-07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
(Mark One)
☑
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
For the quarterly period ended October 31, 2021
OR
☐
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
For the transition period from _________ to ___________
Commission File Number 001-14505
KORN FERRY
(Exact Name of Registrant as Specified in its Charter)
Delaware
|
|
95-2623879
|
(State or Other Jurisdiction of Incorporation or Organization)
|
|
(I.R.S. Employer Identification No.)
|
1900 Avenue of the Stars, Suite 2600, Los Angeles, California 90067
(Address of principal executive offices) (Zip Code)
(310) 552-1834
(Registrant’s telephone number, including area code)
Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each Class
|
Trading Symbol(s)
|
Name of Each Exchange on Which Registered
|
Common Stock, par value $0.01 per share
|
KFY
|
New York Stock Exchange
|
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☑
|
|
|
Accelerated filer ☐
|
|
|
|
|
Non-accelerated filer ☐
|
|
|
Smaller reporting company ☐
|
|
|
|
Emerging growth company ☐
|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑
The number of shares outstanding of our common stock as of December 3, 2021 was 54,414,242 shares.
KORN FERRY
Table of Contents
Item 1. Consolidated Financial Statements
KORN FERRY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
|
|
October 31,
2021
|
|
|
April 30,
2021
|
|
|
|
(unaudited)
|
|
|
|
|
|
|
|
(in thousands, except per share data)
|
|
ASSETS
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
725,391
|
|
|
$
|
850,778
|
|
Marketable securities
|
|
|
77,496
|
|
|
|
63,667
|
|
Receivables due from clients, net of allowance for doubtful accounts of $33,488 and $29,324 at October 31, 2021 and April 30, 2021, respectively
|
|
|
608,141
|
|
|
|
448,733
|
|
Income taxes and other receivables
|
|
|
37,515
|
|
|
|
40,024
|
|
Unearned compensation
|
|
|
63,639
|
|
|
|
53,206
|
|
Prepaid expenses and other assets
|
|
|
37,054
|
|
|
|
30,724
|
|
Total current assets
|
|
|
1,549,236
|
|
|
|
1,487,132
|
|
|
|
|
|
|
|
|
|
|
Marketable securities, non-current
|
|
|
194,047
|
|
|
|
182,692
|
|
Property and equipment, net
|
|
|
126,500
|
|
|
|
131,778
|
|
Operating lease right-of-use assets, net
|
|
|
149,180
|
|
|
|
174,121
|
|
Cash surrender value of company-owned life insurance policies, net of loans
|
|
|
164,772
|
|
|
|
161,295
|
|
Deferred income taxes
|
|
|
68,041
|
|
|
|
73,106
|
|
Goodwill
|
|
|
624,899
|
|
|
|
626,669
|
|
Intangible assets, net
|
|
|
83,326
|
|
|
|
92,949
|
|
Unearned compensation, non-current
|
|
|
136,878
|
|
|
|
102,356
|
|
Investments and other assets
|
|
|
20,609
|
|
|
|
24,428
|
|
Total assets
|
|
$
|
3,117,488
|
|
|
$
|
3,056,526
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
41,800
|
|
|
$
|
44,993
|
|
Income taxes payable
|
|
|
21,209
|
|
|
|
23,041
|
|
Compensation and benefits payable
|
|
|
315,095
|
|
|
|
394,606
|
|
Operating lease liability, current
|
|
|
49,836
|
|
|
|
47,986
|
|
Other accrued liabilities
|
|
|
269,129
|
|
|
|
239,444
|
|
Total current liabilities
|
|
|
697,069
|
|
|
|
750,070
|
|
|
|
|
|
|
|
|
|
|
Deferred compensation and other retirement plans
|
|
|
376,199
|
|
|
|
346,455
|
|
Operating lease liability, non-current
|
|
|
132,645
|
|
|
|
155,998
|
|
Long-term debt
|
|
|
395,132
|
|
|
|
394,794
|
|
Deferred tax liabilities
|
|
|
1,996
|
|
|
|
3,832
|
|
Other liabilities
|
|
|
30,558
|
|
|
|
36,602
|
|
Total liabilities
|
|
|
1,633,599
|
|
|
|
1,687,751
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity
|
|
|
|
|
|
|
|
|
Common stock: $0.01 par value, 150,000 shares authorized, 75,408 and 74,915 shares issued and 54,466 and 54,008 shares outstanding at October 31, 2021 and April 30, 2021, respectively
|
|
|
574,058
|
|
|
|
583,260
|
|
Retained earnings
|
|
|
971,995
|
|
|
|
834,949
|
|
Accumulated other comprehensive loss, net
|
|
|
(66,530
|
)
|
|
|
(51,820
|
)
|
Total Korn Ferry stockholders' equity
|
|
|
1,479,523
|
|
|
|
1,366,389
|
|
Noncontrolling interest
|
|
|
4,366
|
|
|
|
2,386
|
|
Total stockholders' equity
|
|
|
1,483,889
|
|
|
|
1,368,775
|
|
Total liabilities and stockholders' equity
|
|
$
|
3,117,488
|
|
|
$
|
3,056,526
|
|
The accompanying notes are an integral part of these consolidated financial statements.
1
KORN FERRY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
|
|
Three Months Ended
October 31,
|
|
|
Six Months Ended
October 31,
|
|
|
|
2021
|
|
|
2020
|
|
|
2021
|
|
|
2020
|
|
|
|
(in thousands, except per share data)
|
|
Fee revenue
|
|
$
|
639,443
|
|
|
$
|
435,439
|
|
|
$
|
1,224,838
|
|
|
$
|
779,536
|
|
Reimbursed out-of-pocket engagement expenses
|
|
|
3,955
|
|
|
|
2,350
|
|
|
|
6,658
|
|
|
|
5,136
|
|
Total revenue
|
|
|
643,398
|
|
|
|
437,789
|
|
|
|
1,231,496
|
|
|
|
784,672
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compensation and benefits
|
|
|
431,640
|
|
|
|
307,185
|
|
|
|
827,876
|
|
|
|
591,197
|
|
General and administrative expenses
|
|
|
64,065
|
|
|
|
46,476
|
|
|
|
114,332
|
|
|
|
93,565
|
|
Reimbursed expenses
|
|
|
3,955
|
|
|
|
2,350
|
|
|
|
6,658
|
|
|
|
5,136
|
|
Cost of services
|
|
|
24,329
|
|
|
|
15,901
|
|
|
|
46,322
|
|
|
|
30,170
|
|
Depreciation and amortization
|
|
|
15,633
|
|
|
|
15,298
|
|
|
|
31,277
|
|
|
|
30,333
|
|
Restructuring charges, net
|
|
|
—
|
|
|
|
2,407
|
|
|
|
—
|
|
|
|
29,894
|
|
Total operating expenses
|
|
|
539,622
|
|
|
|
389,617
|
|
|
|
1,026,465
|
|
|
|
780,295
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income
|
|
|
103,776
|
|
|
|
48,172
|
|
|
|
205,031
|
|
|
|
4,377
|
|
Other income, net
|
|
|
5,066
|
|
|
|
277
|
|
|
|
9,513
|
|
|
|
11,439
|
|
Interest expense, net
|
|
|
(6,365
|
)
|
|
|
(7,494
|
)
|
|
|
(11,791
|
)
|
|
|
(14,388
|
)
|
Income before provision for income taxes
|
|
|
102,477
|
|
|
|
40,955
|
|
|
|
202,753
|
|
|
|
1,428
|
|
Income tax provision
|
|
|
26,145
|
|
|
|
12,877
|
|
|
|
50,024
|
|
|
|
4,205
|
|
Net income (loss)
|
|
|
76,332
|
|
|
|
28,078
|
|
|
|
152,729
|
|
|
|
(2,777
|
)
|
Net income attributable to noncontrolling interest
|
|
|
(560
|
)
|
|
|
(300
|
)
|
|
|
(2,134
|
)
|
|
|
(278
|
)
|
Net income (loss) attributable to Korn Ferry
|
|
$
|
75,772
|
|
|
$
|
27,778
|
|
|
$
|
150,595
|
|
|
$
|
(3,055
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per common share attributable to Korn Ferry:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$
|
1.40
|
|
|
$
|
0.51
|
|
|
$
|
2.78
|
|
|
$
|
(0.06
|
)
|
Diluted
|
|
$
|
1.38
|
|
|
$
|
0.51
|
|
|
$
|
2.75
|
|
|
$
|
(0.06
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average common shares outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
53,114
|
|
|
|
53,229
|
|
|
|
52,937
|
|
|
|
53,246
|
|
Diluted
|
|
|
53,568
|
|
|
|
53,390
|
|
|
|
53,494
|
|
|
|
53,246
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash dividends declared per share:
|
|
$
|
0.12
|
|
|
$
|
0.10
|
|
|
$
|
0.24
|
|
|
$
|
0.20
|
|
The accompanying notes are an integral part of these consolidated financial statements.
2
KORN FERRY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(unaudited)
|
|
Three Months Ended
October 31,
|
|
|
Six Months Ended
October 31,
|
|
|
|
2021
|
|
|
2020
|
|
|
2021
|
|
|
2020
|
|
|
|
(in thousands)
|
|
Net income (loss)
|
|
$
|
76,332
|
|
|
$
|
28,078
|
|
|
$
|
152,729
|
|
|
$
|
(2,777
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustments
|
|
|
(7,195
|
)
|
|
|
(2,719
|
)
|
|
|
(15,539
|
)
|
|
|
22,303
|
|
Deferred compensation and pension plan adjustments, net of tax
|
|
|
351
|
|
|
|
683
|
|
|
|
692
|
|
|
|
1,325
|
|
Net unrealized loss on marketable securities, net of tax
|
|
|
(21
|
)
|
|
|
(25
|
)
|
|
|
(17
|
)
|
|
|
(34
|
)
|
Comprehensive income
|
|
|
69,467
|
|
|
|
26,017
|
|
|
|
137,865
|
|
|
|
20,817
|
|
Less: comprehensive income attributable to noncontrolling interest
|
|
|
(382
|
)
|
|
|
(302
|
)
|
|
|
(1,980
|
)
|
|
|
(355
|
)
|
Comprehensive income attributable to Korn Ferry
|
|
$
|
69,085
|
|
|
$
|
25,715
|
|
|
$
|
135,885
|
|
|
$
|
20,462
|
|
The accompanying notes are an integral part of these consolidated financial statements.
3
KORN FERRY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated
Other
|
|
|
Total
Korn Ferry
|
|
|
|
|
|
|
Total
|
|
|
Common Stock
|
|
|
Retained
|
|
|
Comprehensive
|
|
|
Stockholders'
|
|
|
Noncontrolling
|
|
|
Stockholder's
|
|
|
Shares
|
|
|
Amount
|
|
|
Earnings
|
|
|
Loss, Net
|
|
|
Equity
|
|
|
Interest
|
|
|
Equity
|
|
|
(in thousands)
|
|
Balance as of April 30, 2021
|
|
54,008
|
|
|
$
|
583,260
|
|
|
$
|
834,949
|
|
|
$
|
(51,820
|
)
|
|
$
|
1,366,389
|
|
|
$
|
2,386
|
|
|
$
|
1,368,775
|
|
Net income
|
|
—
|
|
|
|
—
|
|
|
|
74,823
|
|
|
|
—
|
|
|
|
74,823
|
|
|
|
1,574
|
|
|
|
76,397
|
|
Other comprehensive loss
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
(8,023
|
)
|
|
|
(8,023
|
)
|
|
|
24
|
|
|
|
(7,999
|
)
|
Dividends paid to shareholders
|
|
—
|
|
|
|
—
|
|
|
|
(6,866
|
)
|
|
|
—
|
|
|
|
(6,866
|
)
|
|
|
—
|
|
|
|
(6,866
|
)
|
Purchase of stock
|
|
(297
|
)
|
|
|
(20,091
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
(20,091
|
)
|
|
|
—
|
|
|
|
(20,091
|
)
|
Issuance of stock
|
|
795
|
|
|
|
3,992
|
|
|
|
—
|
|
|
|
—
|
|
|
|
3,992
|
|
|
|
—
|
|
|
|
3,992
|
|
Stock-based compensation
|
|
—
|
|
|
|
6,962
|
|
|
|
—
|
|
|
|
—
|
|
|
|
6,962
|
|
|
|
—
|
|
|
|
6,962
|
|
Balance as of July 31, 2021
|
|
54,506
|
|
|
|
574,123
|
|
|
|
902,906
|
|
|
|
(59,843
|
)
|
|
|
1,417,186
|
|
|
|
3,984
|
|
|
|
1,421,170
|
|
Net income
|
|
—
|
|
|
|
—
|
|
|
|
75,772
|
|
|
|
—
|
|
|
|
75,772
|
|
|
|
560
|
|
|
|
76,332
|
|
Other comprehensive loss
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
(6,687
|
)
|
|
|
(6,687
|
)
|
|
|
(178
|
)
|
|
|
(6,865
|
)
|
Dividends paid to shareholders
|
|
—
|
|
|
|
—
|
|
|
|
(6,683
|
)
|
|
|
—
|
|
|
|
(6,683
|
)
|
|
|
—
|
|
|
|
(6,683
|
)
|
Purchase of stock
|
|
(99
|
)
|
|
|
(7,353
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
(7,353
|
)
|
|
|
—
|
|
|
|
(7,353
|
)
|
Issuance of stock
|
|
59
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Stock-based compensation
|
|
—
|
|
|
|
7,288
|
|
|
|
—
|
|
|
|
—
|
|
|
|
7,288
|
|
|
|
—
|
|
|
|
7,288
|
|
Balance as of October 31, 2021
|
|
54,466
|
|
|
$
|
574,058
|
|
|
$
|
971,995
|
|
|
$
|
(66,530
|
)
|
|
$
|
1,479,523
|
|
|
$
|
4,366
|
|
|
$
|
1,483,889
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated
Other
|
|
|
Total
Korn Ferry
|
|
|
|
|
|
|
Total
|
|
|
Common Stock
|
|
|
Retained
|
|
|
Comprehensive
|
|
|
Stockholders'
|
|
|
Noncontrolling
|
|
|
Stockholder's
|
|
|
Shares
|
|
|
Amount
|
|
|
Earnings
|
|
|
Loss, Net
|
|
|
Equity
|
|
|
Interest
|
|
|
Equity
|
|
|
(in thousands)
|
|
Balance as of April 30, 2020
|
|
54,450
|
|
|
$
|
585,560
|
|
|
$
|
742,993
|
|
|
$
|
(107,172
|
)
|
|
$
|
1,221,381
|
|
|
$
|
2,310
|
|
|
$
|
1,223,691
|
|
Net loss
|
|
—
|
|
|
|
—
|
|
|
|
(30,833
|
)
|
|
|