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

Less: accumulated depreciation and amortization

$ 458,573

$ 427,082

(320,401)

(295,304)

Property and equipment, net

138,172

131,778

Computer equipment and software

^[1]

331,371

290,417

Leasehold improvements

81,743

89,276

Furniture and fixtures

41,999

44,033

Automobiles

$ 3,460

$ 3,356

[1]

Depreciation expense for capitalized software was $28.0 million, $25.4 million and $18.8 million during fiscal 2022, 2021 and 2020, respectively. The net book value of the Company’s computer software costs included in property and equipment, net was $94.7 million and $85.6 million as of April 30, 2022 and 2021, 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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