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

Annual report pursuant to Section 13 and 15(d)

Credit Losses (Tables)

Credit Losses (Tables)

12 Months Ended

Apr. 30, 2022

Summary of Activity in Allowance for Credit Losses on Trade Receivables

The activity in the allowance for credit losses on the Company's trade receivables is as follows:

	(in thousands)
Balance at May 1, 2019	$	21,582
Provision for credit losses		14,644
Write-offs		(12,518	)
Recoveries of amounts previously written off		398
Foreign currency translation		(311	)
Balance at April 30, 2020		23,795
Provision for credit losses		15,763
Write-offs		(12,073	)
Recoveries of amounts previously written off		311
Foreign currency translation		1,528
Balance at April 30, 2021		29,324
Provision for credit losses		21,552
Write-offs		(14,052	)
Recoveries of amounts previously written off		702
Foreign currency translation		(1,142	)
Balance at April 30, 2022	$	36,384

Schedule of Fair Value and Unrealized Losses on Available for Sale Debt Securities

The fair value and unrealized losses on available for sale debt securities, aggregated by investment category and the length of time the security has been in an unrealized loss position as of April 30, 2022 and 2021, are as follows:

	Less Than 12 Months				12 Months or longer				Balance Sheet Classification
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Cash and Cash Equivalents		Marketable Securities, Current		Marketable Securities, Non-Current
	(in thousands)
Balance at April 30, 2021
Commercial paper	$	36,378	$	7	$	—	$	—	$	5,749	$	30,629	$	—
Corporate notes/bonds	$	26,351	$	20	$	—	$	—	$	—	$	10,134	$	16,217
Balance at April 30, 2022
Commercial paper	$	37,002	$	125	$	4,499	$	1	$	15,489	$	26,012	$	—
Corporate notes/bonds	$	32,186	$	446	$	3,800	$	4	$	—	$	18,942	$	17,044
U.S. Treasury and Agency Securities	$	987	$	8	$	—	$	—	$	—	$	987	$	—