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

Goodwill and Intangible Assets (Tables)

12 Months Ended

Apr. 30, 2013

Changes in the carrying value of goodwill by reportable segment were as follows:

(1)	During fiscal 2012, the Company sold a majority interest in a previously consolidated subsidiary, requiring the Company to deconsolidate the subsidiary and reduce goodwill by $0.6 million.

Intangible assets include the following:


	Weighted-Average Amortization Period		April 30, 2013								April 30, 2012
			(in thousands)
			Gross		Accumulated Amortization			Net			Gross		Accumulated Amortization			Net
Amortized intangible assets:
Customer lists		10 years	$	34,899	$	(4,887	)	$	30,012		$	6,399	$	(2,748	)	$	3,651
Proprietary databases		10 years		4,256		(1,500	)		2,756			4,256		(1,074	)		3,182
Intellectual property		20 years		22,900		(3,887	)		19,013			11,400		(2,241	)		9,159
Trademarks(1)		4 years		3,686		(1,331	)		2,355			1,186		(698	)		488
Non-compete agreements		5 years		810		(510	)		300			510		(367	)		143

Total		11 years	$	66,551	$	(12,115	)		54,436		$	23,751	$	(7,128	)		16,623

Unamortized intangible assets:
Trademarks									3,800								3,800
Exchange rate fluctuations									(49	)							(10	)

Intangible assets								$	58,187							$	20,413

(1)	During fiscal 2011, the Company wrote-off a trademark no longer in use with a net book value of $0.9 million, which is included as a component of general and administrative expenses in the accompanying consolidated statements of income.

Estimated annual amortization expense related to amortizing intangible assets is as follows:


Year Ending April 30,	Estimated Annual Amortization Expense
	(in thousands)
2014	$	8,592
2015		8,156
2016		7,017
2017		5,696
2018		5,008
Thereafter		19,967

	$	54,436

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.