Business Segments (Tables)

3 Months Ended

Jul. 31, 2013

Financial Highlights By Business Segment

Financial highlights by business segment are as follows:


	Three Months Ended July 31, 2013
	Executive Recruitment
	North America			EMEA		Asia Pacific		South America		Subtotal		LTC		Futurestep		Corporate			Consolidated
	(in thousands)
Fee revenue	$	74,147		$	34,377	$	21,128	$	7,003	$	136,655	$	60,062	$	31,720	$	—		$	228,437
Total revenue	$	78,111		$	35,457	$	21,927	$	7,036	$	142,531	$	62,082	$	32,974	$	—		$	237,587
Net income																			$	11,417
Other income, net																				(2,267	)
Interest expense, net																				591
Income tax provision																				7,385
Equity in earnings of unconsolidated subsidiaries, net																				(465	)

Operating income (loss)	$	16,324		$	5,960	$	4,500	$	1,496	$	28,280	$	4,335	$	2,545	$	(18,499	)		16,661
Depreciation and amortization		963			435		306		74		1,778		2,897		408		861			5,944
Other income, net		127			234		17		3		381		8		565		1,313			2,267
Equity in earnings of unconsolidated subsidiaries, net		102			—		—		—		102		—		—		363			465

EBITDA		17,516			6,629		4,823		1,573		30,541		7,240		3,518		(15,962	)		25,337
Restructuring charges, net		816			460		60		—		1,336		1,149		1,134		63			3,682
Separation costs		—			—		—		—		—		—		—		2,500			2,500
Integration costs		—			—		—		—		—		—		—		394			394

Adjusted EBITDA	$	18,332		$	7,089	$	4,883	$	1,573	$	31,877	$	8,389	$	4,652	$	(13,005	)	$	31,913


	Three Months Ended July 31, 2012
	Executive Recruitment
	North America			EMEA		Asia Pacific		South America		Subtotal		LTC		Futurestep		Corporate			Consolidated
	(in thousands)
Fee revenue	$	72,106		$	29,823	$	17,383	$	8,134	$	127,446	$	28,392	$	30,856	$	—		$	186,694
Total revenue	$	76,227		$	30,870	$	17,873	$	8,251	$	133,221	$	29,844	$	32,958	$	—		$	196,023
Net income																			$	10,418
Other loss, net																				1,017
Interest expense, net																				599
Income tax provision																				5,605
Equity in earnings of unconsolidated subsidiaries, net																				(630	)

Operating income (loss)	$	18,074		$	1,788	$	498	$	2,089	$	22,449	$	4,262	$	3,182	$	(12,884	)		17,009
Depreciation and amortization		1,206			556		363		81		2,206		617		296		623			3,742
Other income (loss), net		(4	)		26		36		—		58		15		9		(1,099	)		(1,017	)
Equity in earnings of unconsolidated subsidiaries, net		227			—		—		—		227		—		—		403			630

EBITDA		19,503			2,370		897		2,170		24,940		4,894		3,487		(12,957	)		20,364

Adjusted EBITDA	$	19,503		$	2,370	$	897	$	2,170	$	24,940	$	4,894	$	3,487	$	(12,957	)	$	20,364

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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