Financial Highlights by Operating Segment |
Financial highlights by operating segment are as follows:
|
|
Year Ended April 30, 2019
|
|
|
|
Executive Search
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North
America
|
|
|
EMEA
|
|
|
Asia Pacific
|
|
|
Latin
America
|
|
|
Subtotal
|
|
|
Advisory
|
|
|
RPO &
Professional
Search
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
|
(in thousands)
|
|
Fee revenue
|
|
$
|
455,826
|
|
|
$
|
182,829
|
|
|
$
|
104,291
|
|
|
$
|
31,896
|
|
|
$
|
774,842
|
|
|
$
|
821,048
|
|
|
$
|
330,143
|
|
|
$
|
—
|
|
|
$
|
1,926,033
|
|
Total revenue
|
|
$
|
469,743
|
|
|
$
|
186,131
|
|
|
$
|
105,543
|
|
|
$
|
31,960
|
|
|
$
|
793,377
|
|
|
$
|
838,620
|
|
|
$
|
341,865
|
|
|
$
|
—
|
|
|
$
|
1,973,862
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Korn Ferry
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
102,651
|
|
Net income attributable to noncontrolling interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,145
|
|
Other income, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(10,094
|
)
|
Interest expense, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,891
|
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(311
|
)
|
Income tax provision
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,544
|
|
Operating income (loss)
|
|
$
|
120,754
|
|
|
$
|
29,974
|
|
|
$
|
24,364
|
|
|
$
|
3,998
|
|
|
$
|
179,090
|
|
|
$
|
5,617
|
|
|
$
|
50,884
|
|
|
$
|
(94,765
|
)
|
|
$
|
140,826
|
|
Depreciation and amortization
|
|
|
3,890
|
|
|
|
1,254
|
|
|
|
1,428
|
|
|
|
410
|
|
|
|
6,982
|
|
|
|
29,057
|
|
|
|
3,255
|
|
|
|
7,195
|
|
|
|
46,489
|
|
Other income (loss), net
|
|
|
6,388
|
|
|
|
432
|
|
|
|
281
|
|
|
|
322
|
|
|
|
7,423
|
|
|
|
3,198
|
|
|
|
268
|
|
|
|
(795
|
)
|
|
|
10,094
|
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
311
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
311
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
311
|
|
EBITDA
|
|
|
131,343
|
|
|
|
31,660
|
|
|
|
26,073
|
|
|
|
4,730
|
|
|
|
193,806
|
|
|
|
37,872
|
|
|
|
54,407
|
|
|
|
(88,365
|
)
|
|
|
197,720
|
|
Integration/acquisition costs
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
6,559
|
|
|
|
—
|
|
|
|
187
|
|
|
|
6,746
|
|
Tradename write-offs
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
106,555
|
|
|
|
—
|
|
|
|
—
|
|
|
|
106,555
|
|
Adjusted EBITDA
|
|
$
|
131,343
|
|
|
$
|
31,660
|
|
|
$
|
26,073
|
|
|
$
|
4,730
|
|
|
$
|
193,806
|
|
|
$
|
150,986
|
|
|
$
|
54,407
|
|
|
$
|
(88,178
|
)
|
|
$
|
311,021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Identifiable assets (1)
|
|
$
|
427,089
|
|
|
$
|
171,120
|
|
|
$
|
116,006
|
|
|
$
|
24,600
|
|
|
$
|
738,815
|
|
|
$
|
1,045,432
|
|
|
$
|
166,492
|
|
|
$
|
384,113
|
|
|
$
|
2,334,852
|
|
Long-lived assets (1)
|
|
$
|
19,864
|
|
|
$
|
9,266
|
|
|
$
|
9,255
|
|
|
$
|
2,711
|
|
|
$
|
41,096
|
|
|
$
|
46,689
|
|
|
$
|
8,980
|
|
|
$
|
34,740
|
|
|
$
|
131,505
|
|
Goodwill (1)
|
|
$
|
46,571
|
|
|
$
|
45,480
|
|
|
$
|
972
|
|
|
$
|
—
|
|
|
$
|
93,023
|
|
|
$
|
457,361
|
|
|
$
|
27,914
|
|
|
$
|
—
|
|
|
$
|
578,298
|
|
(1)
|
As of the end of the fiscal year.
|
|
|
Year Ended April 30, 2018
|
|
|
|
Executive Search
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North
America
|
|
|
EMEA
|
|
|
Asia
Pacific
|
|
|
Latin
America
|
|
|
Subtotal
|
|
|
Advisory
|
|
|
RPO &
Professional
Search
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
|
(in thousands)
|
|
Fee revenue
|
|
$
|
408,098
|
|
|
$
|
173,725
|
|
|
$
|
96,595
|
|
|
$
|
30,624
|
|
|
$
|
709,042
|
|
|
$
|
785,013
|
|
|
$
|
273,162
|
|
|
$
|
—
|
|
|
$
|
1,767,217
|
|
Total revenue
|
|
$
|
421,260
|
|
|
$
|
177,234
|
|
|
$
|
98,062
|
|
|
$
|
30,717
|
|
|
$
|
727,273
|
|
|
$
|
801,005
|
|
|
$
|
291,241
|
|
|
$
|
—
|
|
|
$
|
1,819,519
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Korn Ferry
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
133,779
|
|
Net income attributable to noncontrolling interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,118
|
|
Other income, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(11,119
|
)
|
Interest expense, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,832
|
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(297
|
)
|
Income tax provision
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
70,133
|
|
Operating income (loss)
|
|
$
|
100,397
|
|
|
$
|
26,768
|
|
|
$
|
18,425
|
|
|
$
|
4,022
|
|
|
$
|
149,612
|
|
|
$
|
100,535
|
|
|
$
|
39,396
|
|
|
$
|
(81,097
|
)
|
|
$
|
208,446
|
|
Depreciation and amortization
|
|
|
3,930
|
|
|
|
1,689
|
|
|
|
1,408
|
|
|
|
455
|
|
|
|
7,482
|
|
|
|
31,527
|
|
|
|
3,054
|
|
|
|
6,525
|
|
|
|
48,588
|
|
Other income, net
|
|
|
845
|
|
|
|
168
|
|
|
|
373
|
|
|
|
181
|
|
|
|
1,567
|
|
|
|
2,501
|
|
|
|
152
|
|
|
|
6,899
|
|
|
|
11,119
|
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
297
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
297
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
297
|
|
EBITDA
|
|
|
105,469
|
|
|
|
28,625
|
|
|
|
20,206
|
|
|
|
4,658
|
|
|
|
158,958
|
|
|
|
134,563
|
|
|
|
42,602
|
|
|
|
(67,673
|
)
|
|
|
268,450
|
|
Restructuring charges (recoveries), net
|
|
|
—
|
|
|
|
—
|
|
|
|
313
|
|
|
|
—
|
|
|
|
313
|
|
|
|
(241
|
)
|
|
|
6
|
|
|
|
—
|
|
|
|
78
|
|
Integration/acquisition costs
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
9,151
|
|
|
|
—
|
|
|
|
279
|
|
|
|
9,430
|
|
Adjusted EBITDA
|
|
$
|
105,469
|
|
|
$
|
28,625
|
|
|
$
|
20,519
|
|
|
$
|
4,658
|
|
|
$
|
159,271
|
|
|
$
|
143,473
|
|
|
$
|
42,608
|
|
|
$
|
(67,394
|
)
|
|
$
|
277,958
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Identifiable assets (1)
|
|
$
|
411,347
|
|
|
$
|
198,815
|
|
|
$
|
98,599
|
|
|
$
|
23,832
|
|
|
$
|
732,593
|
|
|
$
|
1,092,474
|
|
|
$
|
144,160
|
|
|
$
|
318,687
|
|
|
$
|
2,287,914
|
|
Long-lived assets (1)
|
|
$
|
22,813
|
|
|
$
|
11,018
|
|
|
$
|
10,834
|
|
|
$
|
3,203
|
|
|
$
|
47,868
|
|
|
$
|
42,605
|
|
|
$
|
6,390
|
|
|
$
|
23,038
|
|
|
$
|
119,901
|
|
Goodwill (1)
|
|
$
|
47,757
|
|
|
$
|
47,501
|
|
|
$
|
972
|
|
|
$
|
—
|
|
|
$
|
96,230
|
|
|
$
|
458,169
|
|
|
$
|
29,823
|
|
|
$
|
—
|
|
|
$
|
584,222
|
|
(1)
|
As of the end of the fiscal year.
|
|
|
Year Ended April 30, 2017
|
|
|
|
Executive Search
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North
America
|
|
|
EMEA
|
|
|
Asia
Pacific
|
|
|
Latin
America
|
|
|
Subtotal
|
|
|
Advisory
|
|
|
RPO &
Professional
Search
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
|
(in thousands)
|
|
Fee revenue
|
|
$
|
356,625
|
|
|
$
|
146,506
|
|
|
$
|
80,169
|
|
|
$
|
34,376
|
|
|
$
|
617,676
|
|
|
$
|
724,186
|
|
|
$
|
223,659
|
|
|
$
|
—
|
|
|
$
|
1,565,521
|
|
Deferred revenue adjustment due to acquisition
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
3,535
|
|
|
|
—
|
|
|
|
—
|
|
|
|
3,535
|
|
Adjusted fee revenue
|
|
$
|
356,625
|
|
|
$
|
146,506
|
|
|
$
|
80,169
|
|
|
$
|
34,376
|
|
|
$
|
617,676
|
|
|
$
|
727,721
|
|
|
$
|
223,659
|
|
|
$
|
—
|
|
|
$
|
1,569,056
|
|
Total revenue
|
|
$
|
369,803
|
|
|
$
|
150,113
|
|
|
$
|
81,744
|
|
|
$
|
34,533
|
|
|
$
|
636,193
|
|
|
$
|
741,533
|
|
|
$
|
243,943
|
|
|
$
|
—
|
|
|
$
|
1,621,669
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Korn Ferry
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
84,181
|
|
Net income attributable to noncontrolling interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,057
|
|
Other income, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(10,328
|
)
|
Interest expense, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,607
|
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(333
|
)
|
Income tax provision
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,104
|
|
Operating income (loss)
|
|
$
|
81,621
|
|
|
$
|
27,854
|
|
|
$
|
8,580
|
|
|
$
|
6,268
|
|
|
$
|
124,323
|
|
|
$
|
47,429
|
|
|
$
|
29,995
|
|
|
$
|
(81,459
|
)
|
|
$
|
120,288
|
|
Depreciation and amortization
|
|
|
3,812
|
|
|
|
1,030
|
|
|
|
1,060
|
|
|
|
483
|
|
|
|
6,385
|
|
|
|
32,262
|
|
|
|
2,818
|
|
|
|
5,795
|
|
|
|
47,260
|
|
Other income (loss), net
|
|
|
844
|
|
|
|
(15
|
)
|
|
|
300
|
|
|
|
684
|
|
|
|
1,813
|
|
|
|
1,900
|
|
|
|
(91
|
)
|
|
|
6,706
|
|
|
|
10,328
|
|
Equity in earnings of unconsolidated subsidiaries, net
|
|
|
333
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
333
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
333
|
|
EBITDA
|
|
|
86,610
|
|
|
|
28,869
|
|
|
|
9,940
|
|
|
|
7,435
|
|
|
|
132,854
|
|
|
|
81,591
|
|
|
|
32,722
|
|
|
|
(68,958
|
)
|
|
|
178,209
|
|
Restructuring charges, net
|
|
|
1,719
|
|
|
|
629
|
|
|
|
1,495
|
|
|
|
773
|
|
|
|
4,616
|
|
|
|
29,663
|
|
|
|
101
|
|
|
|
220
|
|
|
|
34,600
|
|
Integration/acquisition costs
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
14,440
|
|
|
|
—
|
|
|
|
7,939
|
|
|
|
22,379
|
|
Deferred revenue adjustment due to acquisition
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
3,535
|
|
|
|
—
|
|
|
|
—
|
|
|
|
3,535
|
|
Separation costs
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
609
|
|
|
|
—
|
|
|
|
—
|
|
|
|
609
|
|
Adjusted EBITDA
|
|
$
|
88,329
|
|
|
$
|
29,498
|
|
|
$
|
11,435
|
|
|
$
|
8,208
|
|
|
$
|
137,470
|
|
|
$
|
129,838
|
|
|
$
|
32,823
|
|
|
$
|
(60,799
|
)
|
|
$
|
239,332
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Identifiable assets (1)
|
|
$
|
340,069
|
|
|
$
|
158,927
|
|
|
$
|
87,845
|
|
|
$
|
26,897
|
|
|
$
|
613,738
|
|
|
$
|
1,057,611
|
|
|
$
|
116,717
|
|
|
$
|
274,832
|
|
|
$
|
2,062,898
|
|
Long-lived assets (1)
|
|
$
|
23,746
|
|
|
$
|
11,089
|
|
|
$
|
8,371
|
|
|
$
|
3,262
|
|
|
$
|
46,468
|
|
|
$
|
37,846
|
|
|
$
|
6,693
|
|
|
$
|
18,560
|
|
|
$
|
109,567
|
|
Goodwill (1)
|
|
$
|
46,201
|
|
|
$
|
44,976
|
|
|
$
|
972
|
|
|
$
|
—
|
|
|
$
|
92,149
|
|
|
$
|
457,241
|
|
|
$
|
27,475
|
|
|
$
|
—
|
|
|
$
|
576,865
|
|
(1)
|
As of the end of the fiscal year.
|
|