Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Apr. 30, 2020 |
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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Subtotal
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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, 2018
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$
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173,453
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$
|
284,716
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$
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47,757
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$
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47,501
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$
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972
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$
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96,230
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$
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29,823
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$
|
584,222
|
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Exchange rate fluctuations
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(306
|
)
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(502
|
)
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(1,186
|
)
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(2,021
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)
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—
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|
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(3,207
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)
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(1,909
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)
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(5,924
|
)
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Balance as of April 30, 2019
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173,147
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284,214
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46,571
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45,480
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972
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93,023
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27,914
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578,298
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Additions
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—
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38,926
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—
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—
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—
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—
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—
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38,926
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|
Exchange rate fluctuations
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(133
|
)
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(413
|
)
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(850
|
)
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(986
|
)
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—
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(1,836
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)
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(899
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)
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(3,281
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)
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Balance as of April 30, 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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91,187
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$
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27,015
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$
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613,943
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Intangible Assets |
Intangible assets include the following:
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April 30, 2020
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April 30, 2019
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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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131,299
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$
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(64,762
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)
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$
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66,537
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$
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125,099
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$
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(53,352
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)
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$
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71,747
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Intellectual property
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69,100
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(26,548
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)
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42,552
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33,100
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(22,045
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)
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11,055
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Proprietary databases
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4,256
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|
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(4,202
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)
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|
54
|
|
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4,256
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|
|
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(4,053
|
)
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|
203
|
|
Non-compete agreements
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910
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|
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(910
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)
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—
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910
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|
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(893
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)
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17
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Trademarks
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7,186
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(4,236
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)
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2,950
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3,986
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|
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(3,986
|
)
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—
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Total
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$
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212,751
|
|
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$
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(100,658
|
)
|
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112,093
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$
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167,351
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$
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(84,329
|
)
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83,022
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Exchange rate fluctuations
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(167
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)
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(74
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)
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Total Intangible assets
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$
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111,926
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$
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82,948
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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:
Year Ending April 30,
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Estimated
Annual
Amortization
Expense
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(in thousands)
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2021
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$
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19,256
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2022
|
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19,101
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2023
|
|
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17,271
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2024
|
|
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14,794
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2025
|
|
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14,696
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Thereafter
|
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26,975
|
|
|
|
$
|
112,093
|
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|