Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Total revenue $ 706,262,000 $ 703,148,000
Compensation and benefits 479,881,000 465,626,000
General and administrative expenses 65,917,000 64,457,000
Depreciation and amortization 19,012,000 16,229,000
Restructuring charges, net 421,000 0
Total operating expenses 649,494,000 591,549,000
Operating income 56,768,000 111,599,000
Other income, net 13,577,000 775,000
Interest expense, net (4,740,000) (7,612,000)
Income before provision for income taxes 65,605,000 104,762,000
Income tax provision 18,420,000 26,226,000
Net income 47,185,000 78,536,000
Net income attributable to noncontrolling interest (580,000) (1,289,000)
Net income attributable to Korn Ferry $ 46,605,000 $ 77,247,000
Earnings per common share attributable to Korn Ferry:    
Basic (in usd per share) $ 0.89 $ 1.46
Diluted (in usd per share) $ 0.89 $ 1.45
Weighted-average common shares outstanding:    
Basic (in shares) 50,934 51,771
Diluted (in shares) 51,082 52,106
Cash dividends declared per share (in usd per share) $ 0.18 $ 0.15
Fee revenue    
Total revenue $ 699,189,000 $ 695,903,000
Cost of services 77,190,000 37,992,000
Reimbursed out-of-pocket engagement expenses    
Total revenue 7,073,000 7,245,000
Reimbursed expenses    
Cost of services $ 7,073,000 $ 7,245,000