Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2015
Fee revenue $ 1,565,521 $ 1,292,112 $ 1,028,152
Reimbursed out-of-pocket engagement expenses 56,148 54,602 37,914
Total revenue 1,621,669 1,346,714 1,066,066
Compensation and benefits 1,071,507 897,345 691,450
General and administrative expenses 226,232 213,018 145,917
Reimbursed expenses 56,148 54,602 37,914
Cost of services 71,482 59,824 39,692
Depreciation and amortization 47,260 36,220 27,597
Restructuring charges, net 34,600 33,013 9,468
Total operating expenses 1,507,229 1,294,022 952,038
Operating income 114,440 52,692 114,028
Other income (loss), net 11,820 (4,167) 7,458
Interest (expense) income, net (10,251) 237 (1,784)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries 116,009 48,762 119,702
Equity in earnings of unconsolidated subsidiaries, net 333 1,631 2,181
Income tax provision 29,104 18,960 33,526
Net income 87,238 31,433 88,357
Net income attributable to noncontrolling interest (3,057) (520)  
Net income attributable to Korn/Ferry International $ 84,181 $ 30,913 $ 88,357
Earnings per common share attributable to Korn/Ferry International:      
Basic $ 1.48 $ 0.58 $ 1.78
Diluted $ 1.47 $ 0.58 $ 1.76
Weighted-average common shares outstanding:      
Basic 56,205 52,372 49,052
Diluted 56,900 52,929 49,766
Cash dividends declared per share $ 0.40 $ 0.40 $ 0.10