Financial Highlights By Business Segment |
Financial highlights by business segment are as follows:
|
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|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Three Months Ended October 31,
2015 |
|
|
|
Executive Recruitment |
|
|
LTC |
|
|
Futurestep |
|
|
Corporate |
|
|
Consolidated |
|
|
|
North
America |
|
|
EMEA |
|
|
Asia
Pacific |
|
|
South
America |
|
|
Subtotal |
|
|
|
|
|
|
|
(in
thousands) |
|
Fee revenue
|
|
$ |
92,788 |
|
|
$ |
36,570 |
|
|
$ |
20,998 |
|
|
$ |
6,116 |
|
|
$ |
156,472 |
|
|
$ |
73,602 |
|
|
$ |
50,526 |
|
|
$ |
— |
|
|
$ |
280,600 |
|
Total revenue
|
|
$ |
96,198 |
|
|
$ |
37,509 |
|
|
$ |
21,617 |
|
|
$ |
6,118 |
|
|
$ |
161,442 |
|
|
$ |
75,991 |
|
|
$ |
53,906 |
|
|
$ |
— |
|
|
$ |
291,339 |
|
Net income
|
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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
17,971 |
|
Other loss, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,646 |
|
Interest expense, net
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
544 |
|
Equity in earnings of unconsolidated subsidiaries, net
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(540 |
) |
Income tax provision
|
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|
|
|
|
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8,392 |
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|
|
|
|
|
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|
|
|
|
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|
Operating income (loss)
|
|
$ |
27,422 |
|
|
$ |
6,929 |
|
|
$ |
3,907 |
|
|
$ |
970 |
|
|
$ |
39,228 |
|
|
$ |
7,778 |
|
|
$ |
6,896 |
|
|
$ |
(24,889 |
) |
|
$ |
29,013 |
|
Depreciation and amortization
|
|
|
832 |
|
|
|
232 |
|
|
|
223 |
|
|
|
73 |
|
|
|
1,360 |
|
|
|
3,588 |
|
|
|
578 |
|
|
|
1,654 |
|
|
|
7,180 |
|
Other (loss) income, net
|
|
|
(127 |
) |
|
|
7 |
|
|
|
(6 |
) |
|
|
33 |
|
|
|
(93 |
) |
|
|
(17 |
) |
|
|
8 |
|
|
|
(2,544 |
) |
|
|
(2,646 |
) |
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
140 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
140 |
|
|
|
— |
|
|
|
— |
|
|
|
400 |
|
|
|
540 |
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
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|
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|
|
|
|
|
|
EBITDA
|
|
|
28,267 |
|
|
|
7,168 |
|
|
|
4,124 |
|
|
|
1,076 |
|
|
|
40,635 |
|
|
|
11,349 |
|
|
|
7,482 |
|
|
|
(25,379 |
) |
|
|
34,087 |
|
Integration/acquisition costs
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,310 |
|
|
|
— |
|
|
|
8,684 |
|
|
|
11,994 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA
|
|
$ |
28,267 |
|
|
$ |
7,168 |
|
|
$ |
4,124 |
|
|
$ |
1,076 |
|
|
$ |
40,635 |
|
|
$ |
14,659 |
|
|
$ |
7,482 |
|
|
$ |
(16,695 |
) |
|
$ |
46,081 |
|
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|
|
|
|
|
|
|
|
|
|
|
Three Months Ended October 31,
2014 |
|
|
|
Executive Recruitment |
|
|
LTC |
|
|
Futurestep |
|
|
Corporate |
|
|
Consolidated |
|
|
|
North
America |
|
|
EMEA |
|
|
Asia
Pacific |
|
|
South
America |
|
|
Subtotal |
|
|
|
|
|
|
|
(in
thousands) |
|
Fee revenue
|
|
$ |
82,729 |
|
|
$ |
36,675 |
|
|
$ |
21,157 |
|
|
$ |
8,369 |
|
|
$ |
148,930 |
|
|
$ |
66,408 |
|
|
$ |
40,364 |
|
|
$ |
— |
|
|
$ |
255,702 |
|
Total revenue
|
|
$ |
86,252 |
|
|
$ |
38,054 |
|
|
$ |
21,716 |
|
|
$ |
8,383 |
|
|
$ |
154,405 |
|
|
$ |
68,477 |
|
|
$ |
41,835 |
|
|
$ |
— |
|
|
$ |
264,717 |
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
25,403 |
|
Other income, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,362 |
) |
Interest expense, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
920 |
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(452 |
) |
Income tax provision
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,907 |
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
$ |
19,117 |
|
|
$ |
5,621 |
|
|
$ |
3,424 |
|
|
$ |
1,699 |
|
|
$ |
29,861 |
|
|
$ |
7,762 |
|
|
$ |
5,150 |
|
|
$ |
(8,357 |
) |
|
$ |
34,416 |
|
Depreciation and amortization
|
|
|
891 |
|
|
|
446 |
|
|
|
261 |
|
|
|
85 |
|
|
|
1,683 |
|
|
|
3,279 |
|
|
|
459 |
|
|
|
1,358 |
|
|
|
6,779 |
|
Other income (loss), net
|
|
|
194 |
|
|
|
(1 |
) |
|
|
149 |
|
|
|
13 |
|
|
|
355 |
|
|
|
(172 |
) |
|
|
25 |
|
|
|
2,154 |
|
|
|
2,362 |
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
110 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
110 |
|
|
|
— |
|
|
|
— |
|
|
|
342 |
|
|
|
452 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
20,312 |
|
|
|
6,066 |
|
|
|
3,834 |
|
|
|
1,797 |
|
|
|
32,009 |
|
|
|
10,869 |
|
|
|
5,634 |
|
|
|
(4,503 |
) |
|
|
44,009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA
|
|
$ |
20,312 |
|
|
$ |
6,066 |
|
|
$ |
3,834 |
|
|
$ |
1,797 |
|
|
$ |
32,009 |
|
|
$ |
10,869 |
|
|
$ |
5,634 |
|
|
$ |
(4,503 |
) |
|
$ |
44,009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended October 31,
2015 |
|
|
|
Executive Recruitment |
|
|
LTC |
|
|
Futurestep |
|
|
Corporate |
|
|
Consolidated |
|
|
|
North
America |
|
|
EMEA |
|
|
Asia
Pacific |
|
|
South
America |
|
|
Subtotal |
|
|
|
|
|
|
|
(in
thousands) |
|
Fee revenue
|
|
$ |
183,147 |
|
|
$ |
72,660 |
|
|
$ |
40,213 |
|
|
$ |
12,542 |
|
|
$ |
308,562 |
|
|
$ |
142,842 |
|
|
$ |
96,590 |
|
|
$ |
— |
|
|
$ |
547,994 |
|
Total revenue
|
|
$ |
190,597 |
|
|
$ |
74,680 |
|
|
$ |
41,607 |
|
|
$ |
12,550 |
|
|
$ |
319,434 |
|
|
$ |
147,432 |
|
|
$ |
103,808 |
|
|
$ |
— |
|
|
$ |
570,674 |
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
41,053 |
|
Other loss, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,720 |
|
Interest expense, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
843 |
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,265 |
) |
Income tax provision
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,566 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
$ |
51,567 |
|
|
$ |
13,205 |
|
|
$ |
6,893 |
|
|
$ |
2,478 |
|
|
$ |
74,143 |
|
|
$ |
15,273 |
|
|
$ |
13,085 |
|
|
$ |
(40,584 |
) |
|
$ |
61,917 |
|
Depreciation and amortization
|
|
|
1,659 |
|
|
|
597 |
|
|
|
469 |
|
|
|
151 |
|
|
|
2,876 |
|
|
|
7,336 |
|
|
|
1,163 |
|
|
|
3,228 |
|
|
|
14,603 |
|
Other (loss) income, net
|
|
|
(95 |
) |
|
|
150 |
|
|
|
12 |
|
|
|
272 |
|
|
|
339 |
|
|
|
(880 |
) |
|
|
8 |
|
|
|
(2,187 |
) |
|
|
(2,720 |
) |
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
226 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
226 |
|
|
|
— |
|
|
|
— |
|
|
|
1,039 |
|
|
|
1,265 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
53,357 |
|
|
|
13,952 |
|
|
|
7,374 |
|
|
|
2,901 |
|
|
|
77,584 |
|
|
|
21,729 |
|
|
|
14,256 |
|
|
|
(38,504 |
) |
|
|
75,065 |
|
Integration/acquisition costs
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,639 |
|
|
|
— |
|
|
|
9,029 |
|
|
|
12,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA
|
|
$ |
53,357 |
|
|
$ |
13,952 |
|
|
$ |
7,374 |
|
|
$ |
2,901 |
|
|
$ |
77,584 |
|
|
$ |
25,368 |
|
|
$ |
14,256 |
|
|
$ |
(29,475 |
) |
|
$ |
87,733 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended October 31,
2014 |
|
|
|
Executive Recruitment |
|
|
LTC |
|
|
Futurestep |
|
|
Corporate |
|
|
Consolidated |
|
|
|
North
America |
|
|
EMEA |
|
|
Asia
Pacific |
|
|
South
America |
|
|
Subtotal |
|
|
|
|
|
|
|
(in
thousands) |
|
Fee revenue
|
|
$ |
165,029 |
|
|
$ |
76,972 |
|
|
$ |
40,691 |
|
|
$ |
14,653 |
|
|
$ |
297,345 |
|
|
$ |
129,956 |
|
|
$ |
79,589 |
|
|
$ |
— |
|
|
$ |
506,890 |
|
Total revenue
|
|
$ |
172,334 |
|
|
$ |
79,483 |
|
|
$ |
42,085 |
|
|
$ |
14,692 |
|
|
$ |
308,594 |
|
|
$ |
133,897 |
|
|
$ |
82,551 |
|
|
$ |
— |
|
|
$ |
525,042 |
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
39,936 |
|
Other income, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4,539 |
) |
Interest expense, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,714 |
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(918 |
) |
Income tax provision
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,816 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
$ |
38,115 |
|
|
$ |
8,264 |
|
|
$ |
5,946 |
|
|
$ |
1,772 |
|
|
$ |
54,097 |
|
|
$ |
11,222 |
|
|
$ |
8,607 |
|
|
$ |
(20,917 |
) |
|
$ |
53,009 |
|
Depreciation and amortization
|
|
|
1,795 |
|
|
|
935 |
|
|
|
555 |
|
|
|
170 |
|
|
|
3,455 |
|
|
|
6,531 |
|
|
|
905 |
|
|
|
2,658 |
|
|
|
13,549 |
|
Other income, net
|
|
|
323 |
|
|
|
45 |
|
|
|
258 |
|
|
|
46 |
|
|
|
672 |
|
|
|
45 |
|
|
|
23 |
|
|
|
3,799 |
|
|
|
4,539 |
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
178 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
178 |
|
|
|
— |
|
|
|
— |
|
|
|
740 |
|
|
|
918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
40,411 |
|
|
|
9,244 |
|
|
|
6,759 |
|
|
|
1,988 |
|
|
|
58,402 |
|
|
|
17,798 |
|
|
|
9,535 |
|
|
|
(13,720 |
) |
|
|
72,015 |
|
Restructuring charges, net
|
|
|
1,151 |
|
|
|
3,987 |
|
|
|
17 |
|
|
|
377 |
|
|
|
5,532 |
|
|
|
2,758 |
|
|
|
1,424 |
|
|
|
172 |
|
|
|
9,886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA
|
|
$ |
41,562 |
|
|
$ |
13,231 |
|
|
$ |
6,776 |
|
|
$ |
2,365 |
|
|
$ |
63,934 |
|
|
$ |
20,556 |
|
|
$ |
10,959 |
|
|
$ |
(13,548 |
) |
|
$ |
81,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|