Korn Ferry Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)

6 Months Ended

Oct. 31, 2015

Components Of Stock-Based Compensation Expense Recognized

The following table summarizes the components of stock-based compensation expense recognized in the Company’s consolidated statements of income for the periods indicated:


	Three Months Ended October 31,						Six Months Ended October 31,
	2015			2014			2015			2014
	(in thousands)
Restricted stock	$	5,178		$	3,617		$	8,732		$	6,869
ESPP		144			—			264			—
Stock options		—			23			17			90

Total stock-based compensation expense, pre-tax		5,322			3,640			9,013			6,959
Tax benefit from stock-based compensation expense		(1,714	)		(1,114	)		(2,868	)		(2,096	)

Total stock-based compensation expense, net of tax	$	3,608		$	2,526		$	6,145		$	4,863

Stock Options Transactions

Stock option transactions under the Company’s Second A&R 2008 Plan were as follows:


	Six Months Ended October 31, 2015
	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
	(in thousands, except per share data)
Outstanding, April 30, 2015		202		$	15.45
Exercised		(81	)	$	15.26
Forfeited/expired.		(5	)	$	17.97

Outstanding, October 31, 2015		116		$	15.53		1.46	$	2,416

Exercisable, October 31, 2015		116		$	15.53		1.46	$	2,416

Additional Information Pertaining to Stock Options

Additional information pertaining to stock options:


	Three Months Ended October 31,				Six Months Ended October 31,
	2015		2014		2015		2014
	(in thousands)
Total fair value of stock options vested	$	—	$	10	$	96	$	334
Total intrinsic value of stock options exercised	$	198	$	332	$	1,558	$	1,371

Restricted Stock Activity

Restricted stock activity during the six months ended October 31, 2015 is summarized below:


	Shares		Weighted- Average Grant Date Fair Value
	(in thousands, except per share data)
Non-vested, April 30, 2015		1,560	$	22.15
Granted		611	$	26.97
Vested		(778)	$	16.28
Forfeited/expired		(14)	$	24.42

Non-vested, October 31, 2015		1,379	$	27.57