Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 30, 2017
Apr. 30, 2016
ASSETS    
Cash and cash equivalents $ 410,882 $ 273,252
Marketable securities 4,363 11,338
Receivables due from clients, net of allowance for doubtful accounts of $15,455 and $11,292, respectively 345,314 315,975
Income taxes and other receivables 31,573 20,579
Prepaid expenses and other assets 51,542 43,130
Total current assets 843,674 664,274
Marketable securities, non-current 115,574 130,092
Property and equipment, net [1] 109,567 95,436
Cash surrender value of company owned life insurance policies, net of loans 113,067 107,296
Deferred income taxes, net 20,175 27,163
Goodwill [1] 576,865 590,072
Intangible assets, net 217,319 233,027
Investments and other assets 66,657 51,240
Total assets [1] 2,062,898 1,898,600
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 37,481 26,634
Income taxes payable 4,526 8,396
Compensation and benefits payable 248,354 266,211
Term loan 19,754 30,000
Other accrued liabilities 148,464 145,023
Total current liabilities 458,579 476,264
Deferred compensation and other retirement plans 219,905 216,113
Term loan, non-current 236,222 110,000
Deferred tax liabilities 7,014 5,088
Other liabilities 54,130 43,834
Total liabilities 975,850 851,299
Commitments and contingencies
Stockholders' equity:    
Common stock: $0.01 par value, 150,000 shares authorized, 70,811 and 69,723 shares issued at April 30, 2017 and 2016, respectively, and 56,938 and 57,272 shares outstanding at April 30, 2017 and 2016, respectively 692,527 702,098
Retained earnings 461,976 401,113
Accumulated other comprehensive loss, net (71,064) (57,911)
Total Korn/Ferry International stockholders' equity 1,083,439 1,045,300
Noncontrolling interest 3,609 2,001
Total stockholders' equity 1,087,048 1,047,301
Total liabilities and stockholders' equity $ 2,062,898 $ 1,898,600
[1] As of the end of the fiscal year.