Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.20.2
Goodwill and Intangible Assets (Tables)
12 Months Ended
Apr. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill by Reportable Segment

Changes in the carrying value of goodwill by reportable segment were as follows:

 

 

 

 

 

 

 

 

 

 

Executive Search

 

 

 

 

 

 

 

 

 

 

 

Consulting

 

 

Digital

 

 

North

America

 

 

EMEA

 

 

Asia

Pacific

 

 

Subtotal

 

 

RPO &

Professional

Search

 

 

Consolidated

 

 

 

(in thousands)

 

Balance as of May 1, 2018

 

$

173,453

 

 

$

284,716

 

 

$

47,757

 

 

$

47,501

 

 

$

972

 

 

$

96,230

 

 

$

29,823

 

 

$

584,222

 

Exchange rate fluctuations

 

 

(306

)

 

 

(502

)

 

 

(1,186

)

 

 

(2,021

)

 

 

 

 

 

(3,207

)

 

 

(1,909

)

 

 

(5,924

)

Balance as of April 30, 2019

 

 

173,147

 

 

 

284,214

 

 

 

46,571

 

 

 

45,480

 

 

 

972

 

 

 

93,023

 

 

 

27,914

 

 

 

578,298

 

Additions

 

 

 

 

 

38,926

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38,926

 

Exchange rate fluctuations

 

 

(133

)

 

 

(413

)

 

 

(850

)

 

 

(986

)

 

 

 

 

 

(1,836

)

 

 

(899

)

 

 

(3,281

)

Balance as of April 30, 2020

 

$

173,014

 

 

$

322,727

 

 

$

45,721

 

 

$

44,494

 

 

$

972

 

 

$

91,187

 

 

$

27,015

 

 

$

613,943

 

Intangible Assets

Intangible assets include the following:

 

 

 

April 30, 2020

 

 

April 30, 2019

 

 

 

(in thousands)

 

Amortized intangible assets:

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Customer lists

 

$

131,299

 

 

$

(64,762

)

 

$

66,537

 

 

$

125,099

 

 

$

(53,352

)

 

$

71,747

 

Intellectual property

 

 

69,100

 

 

 

(26,548

)

 

 

42,552

 

 

 

33,100

 

 

 

(22,045

)

 

 

11,055

 

Proprietary databases

 

 

4,256

 

 

 

(4,202

)

 

 

54

 

 

 

4,256

 

 

 

(4,053

)

 

 

203

 

Non-compete agreements

 

 

910

 

 

 

(910

)

 

 

 

 

 

910

 

 

 

(893

)

 

 

17

 

Trademarks

 

 

7,186

 

 

 

(4,236

)

 

 

2,950

 

 

 

3,986

 

 

 

(3,986

)

 

 

 

Total

 

$

212,751

 

 

$

(100,658

)

 

 

112,093

 

 

$

167,351

 

 

$

(84,329

)

 

 

83,022

 

Exchange rate fluctuations

 

 

 

 

 

 

 

 

 

 

(167

)

 

 

 

 

 

 

 

 

 

 

(74

)

Total Intangible assets

 

 

 

 

 

 

 

 

 

$

111,926

 

 

 

 

 

 

 

 

 

 

$

82,948

 

Estimated Annual Amortization Expense Related to Amortizing Intangible Assets Estimated annual amortization expense related to amortizing intangible assets is as follows:

Year Ending April 30,

 

Estimated

Annual

Amortization

Expense

 

 

 

(in thousands)

 

2021

 

$

19,256

 

2022

 

 

19,101

 

2023

 

 

17,271

 

2024

 

 

14,794

 

2025

 

 

14,696

 

Thereafter

 

 

26,975

 

 

 

$

112,093