Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Apr. 30, 2022 |
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| Goodwill And Intangible Assets Disclosure [Abstract] |
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| Changes in Carrying Value of Goodwill by Reportable Segment |
Changes in the carrying value of goodwill by reportable segment were as follows:
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Executive Search
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Consulting
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Digital
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North
America
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EMEA
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Asia
Pacific
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RPO &
Professional
Search
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Consolidated
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(in thousands)
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Balance as of May 1, 2020
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$
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173,014
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$
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322,727
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$
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45,721
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$
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44,494
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$
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972
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$
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27,015
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$
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613,943
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Adjustments
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—
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2,643
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—
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—
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—
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—
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2,643
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Exchange rate fluctuations
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396
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1,258
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2,777
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2,955
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—
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2,697
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10,083
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Balance as of April 30, 2021
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173,410
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326,628
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48,498
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47,449
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972
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29,712
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626,669
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Additions (1)
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—
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—
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—
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—
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—
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104,962
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104,962
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Exchange rate fluctuations
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(440
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)
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(1,274
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)
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(934
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)
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(877
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)
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—
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(2,514
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)
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(6,039
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)
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Balance as of April 30, 2022
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$
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172,970
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$
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325,354
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$
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47,564
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$
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46,572
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$
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972
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$
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132,160
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$
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725,592
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(1)
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Additions to goodwill in fiscal 2022 was due to $76.8 million and $28.2 million from the acquisition of the Lucas Group and Patina Solutions Group, respectively.
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| Intangible Assets |
Intangible assets include the following:
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April 30, 2022
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April 30, 2021
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(in thousands)
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Amortized intangible assets:
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Gross
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Accumulated
Amortization
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Net
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Gross
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Accumulated
Amortization
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Net
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Customer lists
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$
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146,799
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$
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(89,024
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)
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$
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57,775
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$
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131,299
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$
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(76,489
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)
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$
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54,810
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Intellectual property
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69,100
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(40,720
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)
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28,380
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69,100
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(33,623
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)
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35,477
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Proprietary databases
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4,256
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(4,256
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)
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—
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4,256
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(4,234
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)
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22
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Non-compete agreements
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910
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(910
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)
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—
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910
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(910
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)
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—
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Trademarks
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8,986
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(5,261
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)
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3,725
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7,186
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(4,636
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)
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2,550
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Total (1)
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$
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230,051
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$
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(140,171
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)
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89,880
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$
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212,751
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$
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(119,892
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)
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92,859
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Exchange rate fluctuations
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(110
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)
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90
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Total Intangible assets
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$
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89,770
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$
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92,949
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(1)
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In fiscal 2022 there were intangible assets additions of $11.6 million and $5.7 million from the acquisition of the Lucas Group and Patina Solutions Group, respectively.
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| Estimated Annual Amortization Expense Related to Amortizing Intangible Assets |
Estimated annual amortization expense related to amortizing intangible assets is as follows:
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Year Ending April 30,
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Estimated
Annual
Amortization
Expense
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(in thousands)
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2023
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$
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20,384
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2024
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17,583
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2025
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16,889
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2026
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16,388
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2027
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10,635
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Thereafter
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7,891
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$
|
89,770
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