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Business Segments (Tables)

12 Months Ended

Apr. 30, 2014

Financial Highlights By Business Segment

Financial highlights by business segment are as follows:

		Year Ended April 30, 2014
		Executive Recruitment
		North America				EMEA				Asia Pacific				South America				Subtotal				LTC				Futurestep				Corporate				Consolidated
		(in thousands)
Fee revenue		$	306,768			$	147,917			$	84,816			$	29,374			$	568,875			$	254,636			$	136,790			$	—			$	960,301
Total revenue		$	321,473			$	152,525			$	87,606			$	29,586			$	591,190			$	262,962			$	141,407			$	—			$	995,559
Net income																																		$	72,691
Other income, net																																			(9,769	)
Interest expense, net																																			2,363
Equity in earnings of unconsolidated subsidiaries, net																																			(2,169	)
Income tax provision																																			28,492
Operating income (loss)		$	70,256			$	23,168			$	17,274			$	5,654			$	116,352			$	23,847			$	13,352			$	(61,943	)		$	91,608
Depreciation and amortization			3,579				2,727				1,383				323				8,012				12,491				1,797				3,872				26,172
Other income, net			631				632				203				303				1,769				106				583				7,311				9,769
Equity in earnings of unconsolidated subsidiaries, net			383				—				—				—				383				—				—				1,786				2,169
EBITDA			74,849				26,527				18,860				6,280				126,516				36,444				15,732				(48,974	)			129,718
Restructuring charges, net			816				460				60				—				1,336				1,149				1,134				63				3,682
Separation costs			—				—				—				—				—				—				—				4,500				4,500
Integration costs			—				—				—				—				—				—				—				394				394
Adjusted EBITDA		$	75,665			$	26,987			$	18,920			$	6,280			$	127,852			$	37,593			$	16,866			$	(44,017	)		$	138,294
Identifiable assets (1)		$	295,865			$	157,610			$	83,292			$	25,587			$	562,354			$	255,590			$	111,036			$	304,686			$	1,233,666
Long-lived assets (1)		$	18,647			$	5,515			$	2,978			$	1,168			$	28,308			$	11,976			$	2,550			$	17,600			$	60,434
Goodwill (1)		$	52,086			$	51,557			$	972			$	—			$	104,615			$	119,350			$	33,617			$	—			$	257,582

		Year Ended April 30, 2013
		Executive Recruitment
		North America				EMEA				Asia Pacific				South America				Subtotal				LTC				Futurestep				Corporate				Consolidated
		(in thousands)
Fee revenue		$	290,317			$	128,807			$	73,221			$	30,134			$	522,479			$	168,115			$	122,237			$	—			$	812,831
Total revenue		$	305,993			$	132,988			$	75,359			$	30,491			$	544,831			$	176,566			$	128,304			$	—			$	849,701
Net income																																		$	33,293
Other income, net																																			(6,309	)
Interest expense, net																																			2,365
Equity in earnings of unconsolidated subsidiaries, net																																			(2,110	)
Income tax provision																																			16,637
Operating income (loss)		$	58,832			$	9,173			$	6,973			$	5,987			$	80,965			$	6,424			$	10,975			$	(54,488	)		$	43,876
Depreciation and amortization			4,726				2,347				1,546				372				8,991				6,012				1,180				2,821				19,004
Other income (loss), net			466				95				200				32				793				(75	)			51				5,540				6,309
Equity in earnings of unconsolidated subsidiaries, net			434				—				—				—				434				—				—				1,676				2,110
EBITDA			64,458				11,615				8,719				6,391				91,183				12,361				12,206				(44,451	)			71,299
Restructuring charges, net			3,583				3,982				629				—				8,194				10,198				3,527				938				22,857
Integration/acquisition costs			—				—				—				—				—				—				—				3,106				3,106
Separation costs			—				516				—				—				516				—				—				—				516
Adjusted EBITDA		$	68,041			$	16,113			$	9,348			$	6,391			$	99,893			$	22,559			$	15,733			$	(40,407	)		$	97,778
Identifiable assets (1)		$	209,079			$	148,491			$	72,303			$	23,616			$	453,489			$	248,611			$	93,331			$	319,798			$	1,115,229
Long-lived assets (1)		$	19,167			$	6,312			$	2,784			$	894			$	29,157			$	10,383			$	2,523			$	11,565			$	53,628
Goodwill (1)		$	54,513			$	50,264			$	972			$	—			$	105,749			$	119,090			$	32,454			$	—			$	257,293

		Year Ended April 30, 2012
		Executive Recruitment
		North America				EMEA				Asia Pacific				South America				Subtotal				LTC				Futurestep				Corporate(2)				Consolidated
		(in thousands)
Fee revenue		$	305,717			$	141,409			$	82,230			$	31,846			$	561,202			$	115,407			$	113,896			$	—			$	790,505
Total revenue		$	323,116			$	146,573			$	84,279			$	32,517			$	586,485			$	120,281			$	119,993			$	—			$	826,759
Net income																																		$	54,303
Other loss, net																																			271
Interest expense, net																																			1,791
Equity in earnings of unconsolidated subsidiaries, net																																			(1,850	)
Income tax provision																																			28,351
Operating income (loss)		$	75,580			$	13,288			$	11,859			$	9,207			$	109,934			$	16,360			$	8,445			$	(51,873	)		$	82,866
Depreciation and amortization			4,624				1,881				1,268				367				8,140				2,613				1,070				2,194				14,017
Other income (loss), net			5				(149	)			60				(61	)			(145	)			146				41				(313	)			(271	)
Equity in earnings of unconsolidated subsidiaries, net			159				—				—				—				159				—				—				1,691				1,850
EBITDA			80,368				15,020				13,187				9,513				118,088				19,119				9,556				(48,301	)			98,462
Restructuring charges, net			(15	)			897				—				(99	)			783				—				146				—				929
Separation costs			—				—				—				—				—				—				920				999				1,919
Adjusted EBITDA		$	80,353			$	15,917			$	13,187			$	9,414			$	118,871			$	19,119			$	10,622			$	(47,302	)		$	101,310
Identifiable assets (1)		$	171,641			$	140,980			$	76,027			$	22,957			$	411,605			$	83,576			$	90,560			$	428,948			$	1,014,689
Long-lived assets (1)		$	22,288			$	7,542			$	3,938			$	955			$	34,723			$	2,648			$	3,420			$	9,017			$	49,808
Goodwill (1)		$	55,608			$	50,664			$	972			$	—			$	107,244			$	36,251			$	32,843			$	—			$	176,338

(1) As of the end of the fiscal year.

(2) The Company recorded an adjustment to the fair value of contingent consideration for a prior acquisition of $2.2 million during the year-ended April 30, 2012.

Fee Revenue Classified by Country

Fee revenue classified by country in which the Company derives revenues are as follows:

		Year Ended April 30,
		2014				2013				2012
		(in thousands)
United States		$	507,280			$	416,987			$	383,955
Other countries			453,021				395,844				406,550
Total fee revenue		$	960,301			$	812,831			$	790,505

Long-Lived Assets, Excluding Financial Instruments and Tax Assets, Classified by Controlling Countries over Ten Percent

Long-lived assets, excluding financial instruments and tax assets, classified by controlling countries over 10% of the total are as follows:

		Year Ended April 30,
		2014				2013				2012
		(in thousands)
United States (1)		$	47,411			$	40,200			$	33,559
Other countries			13,023				13,428				16,249
Total long-lived assets		$	60,434			$	53,628			$	49,808

(1) Includes Corporate long-lived assets

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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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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