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

Annual report pursuant to Section 13 and 15(d)

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)

12 Months Ended

Apr. 30, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Components Of Stock-Based Compensation Expense Recognized

The following table summarizes the components of stock-based compensation expense recognized in the Company’s consolidated statements of income for the periods indicated:

	Year Ended April 30,
	2020			2019			2018
	(in thousands)
Restricted stock	$	21,495		$	22,063		$	20,282
ESPP		1,323			1,322			1,187
Total stock-based compensation expense, pre-tax		22,818			23,385			21,469
Tax benefit from stock-based compensation expense		(6,642	)		(5,155	)		(7,319	)
Total stock-based compensation expense, net of tax	$	16,176		$	18,230		$	14,150

Restricted Stock Activity

Restricted stock activity is summarized below:

	April 30,
	2020					2019					2018
	Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value
	(in thousands, except per share data)
Non-vested, beginning of year		1,460		$	38.42		1,730		$	33.45		1,581		$	29.74
Granted		608		$	38.38		671		$	40.93		650		$	37.60
Vested		(638	)	$	25.42		(904	)	$	36.41		(431	)	$	26.13
Forfeited		(65	)	$	33.48		(37	)	$	32.26		(70	)	$	33.26
Non-vested, end of year		1,365		$	44.59		1,460		$	38.42		1,730		$	33.45