Korn Ferry Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Earnings Per Share

Basic and Diluted Earnings Per Share

12 Months Ended

Apr. 30, 2013

2.	Basic and Diluted Earnings Per Share

Basic earnings per common share was computed by dividing net earnings attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per common share was computed by dividing net earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. Dilutive common equivalent shares include all in-the-money outstanding options or other contracts to issue common stock as if they were exercised or converted. During fiscal 2013, 2012 and 2011, options to purchase 0.50 million shares, 0.57 million shares and 0.39 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive.

The following table summarizes basic and diluted earnings per share calculations:


	Year Ended April 30,
	2013		2012		2011
	(in thousands, except per share data)
Net earnings attributable to common stockholders	$	33,293	$	54,303	$	58,874

Weighted-average common shares outstanding:
Basic weighted-average number of common shares outstanding		47,224		46,397		45,205
Effect of dilutive securities:
Restricted stock		485		582		646
Stock options		174		267		425
ESPP		—		15		4

Diluted weighted-average number of common shares outstanding		47,883		47,261		46,280

Net earnings per common share:
Basic earnings per share	$	0.71	$	1.17	$	1.30

Diluted earnings per share	$	0.70	$	1.15	$	1.27

- Definition

The entire disclosure for earnings per share.

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