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

Less: accumulated depreciation and amortization

$ 348,602

$ 318,098

(217,097)

(198,197)

Property and equipment, net

^[1]

131,505

119,901

$ 109,567

Computer equipment and software

^[2]

220,894

191,437

Leasehold improvements

84,368

82,467

Furniture and fixtures

42,318

42,889

Automobiles

$ 1,022

$ 1,305

[1]	As of the end of the fiscal year.
[2]	Depreciation expense for capitalized software was $14.6 million, $12.8 million and $12.6 million during fiscal 2019, 2018 and 2017, respectively. The net book value of the Company’s computer software costs included in property and equipment, net was $65.8 million and $46.4 million as of April 30, 2019 and 2018, respectively

Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.

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