Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2018
Total revenue $ 1,977,330 $ 1,973,862 $ 1,819,519
Compensation and benefits 1,297,994 1,311,240 1,199,057
General and administrative expenses 258,957 351,991 237,390
Depreciation and amortization 55,311 46,489 48,588
Restructuring charges, net 58,559   78
Total operating expenses 1,801,305 1,833,036 1,611,073
Operating income 176,025 140,826 208,446
Other (loss) income, net (2,879) 10,405 11,416
Interest expense, net (22,184) (16,891) (13,832)
Income before provision for income taxes 150,962 134,340 206,030
Income tax provision 43,945 29,544 70,133
Net income 107,017 104,796 135,897
Net income attributable to noncontrolling interest (2,071) (2,145) (2,118)
Net income attributable to Korn Ferry $ 104,946 $ 102,651 $ 133,779
Earnings per common share attributable to Korn Ferry:      
Basic $ 1.91 $ 1.84 $ 2.39
Diluted $ 1.90 $ 1.81 $ 2.35
Weighted-average common shares outstanding:      
Basic 54,342 55,311 55,426
Diluted 54,767 56,096 56,254
Cash dividends declared per share: $ 0.40 $ 0.40 $ 0.40
Fee Revenue      
Total revenue $ 1,932,732 $ 1,926,033 $ 1,767,217
Cost of services 85,886 75,487 73,658
Reimbursed Out Of Pocket Engagement Expenses      
Total revenue 44,598 47,829 52,302
Reimbursed Expenses      
Cost of services $ 44,598 $ 47,829 $ 52,302