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

Less: accumulated depreciation and amortization

$ 392,984

$ 348,602

(250,256)

(217,097)

Property and equipment, net

142,728

131,505

Computer equipment and software

^[1]

261,970

220,894

Leasehold improvements

85,208

84,368

Furniture and fixtures

42,741

42,318

Automobiles

$ 3,065

$ 1,022

[1]

Depreciation expense for capitalized software was $18.8 million, $14.6 million and $12.8 million during fiscal 2020, 2019 and 2018, respectively. The net book value of the Company’s computer software costs included in property and equipment, net was $86.3 million and $65.8 million as of April 30, 2020 and 2019, 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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