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

Annual report pursuant to Section 13 and 15(d)

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)

12 Months Ended

Apr. 30, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Components Of Stock-Based Compensation Expense Recognized

The following table summarizes the components of stock-based compensation expense recognized in the Company’s consolidated statements of income for the periods indicated:

	Year Ended April 30,
	2019			2018			2017
	(in thousands)
Restricted stock	$	22,063		$	20,282		$	18,045
ESPP		1,322			1,187			913
Total stock-based compensation expense, pre-tax		23,385			21,469			18,958
Tax benefit from stock-based compensation expense		(5,155	)		(7,319	)		(4,756	)
Total stock-based compensation expense, net of tax	$	18,230		$	14,150		$	14,202

Restricted Stock Activity

Restricted stock activity is summarized below:

	April 30,
	2019					2018					2017
	Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value
	(in thousands, except per share data)
Non-vested, beginning of year		1,730		$	33.45		1,581		$	29.74		1,506		$	34.12
Granted		671		$	40.93		650		$	37.60		852		$	17.43
Vested		(904	)	$	36.41		(431	)	$	26.13		(751	)	$	24.15
Forfeited		(37	)	$	32.26		(70	)	$	33.26		(26	)	$	26.80
Non-vested, end of year		1,460		$	38.42		1,730		$	33.45		1,581		$	29.74