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

Comprehensive Income (Tables)

3 Months Ended

Jul. 31, 2023

The components of accumulated other comprehensive loss, net were as follows:


	July 31, 2023		April 30, 2023

	(in thousands)
Foreign currency translation adjustments	$	(94,729)	$	(96,860)
Deferred compensation and pension plan adjustments, net of tax	4,408		4,381
Marketable securities unrealized loss, net of tax	(150)		(285)
Accumulated other comprehensive loss, net	$	(90,471)	$	(92,764)

The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2023:


	Foreign Currency Translation		Deferred Compensation and Pension Plan		Unrealized Losses on Marketable Securities		Accumulated Other Comprehensive Loss

	(in thousands)
Balance as of April 30, 2023	$	(96,860)	$	4,381	$	(285)	$	(92,764)
Unrealized gains arising during the period	2,131		—		135		2,266
Reclassification of realized net losses to net income	—		27		—		27
Balance as of July 31, 2023	$	(94,729)	$	4,408	$	(150)	$	(90,471)

The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2022:


	Foreign Currency Translation		Deferred Compensation and Pension Plan		Unrealized Losses on Marketable Securities		Accumulated Other Comprehensive Loss

	(in thousands)
Balance as of April 30, 2022	$	(92,717)	$	961	$	(429)	$	(92,185)
Unrealized losses arising during the period	(16,257)		—		(53)		(16,310)
Reclassification of realized net losses to net income	—		51		—		51
Balance as of July 31, 2022	$	(108,974)	$	1,012	$	(482)	$	(108,444)