XML 54 R32.htm IDEA: XBRL DOCUMENT v3.2.0.727

Income Taxes (Tables)

12 Months Ended

Apr. 30, 2015

Provision (Benefit) For Domestic And Foreign Income Taxes

The provision (benefit) for domestic and foreign income taxes was as follows:

		Year Ended April 30,
		2015				2014				2013
		(in thousands)
Current income taxes:
Federal		$	16,569			$	6,982			$	4,100
State			2,412				1,939				1,237
Foreign			13,650				15,502				8,759
Current provision for income taxes			32,631				24,423				14,096
Deferred income taxes:
Federal			3,140				5,094				(423	)
State			(239	)			177				1,895
Foreign			(2,006	)			(1,202	)			1,069
Deferred provision for income taxes			895				4,069				2,541
Total provision for income taxes		$	33,526			$	28,492			$	16,637

Domestic And Foreign Components Of Income (Loss) From Continuing Operations Before Domestic And Foreign Income And Other Taxes And Equity In Earnings

The domestic and foreign components of income from continuing operations before domestic and foreign income and other taxes and equity in earnings of unconsolidated subsidiaries were as follows:

		Year Ended April 30,
		2015				2014				2013
		(in thousands)
Domestic		$	65,885			$	42,411			$	15,915
Foreign			53,817				56,603				31,905
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries		$	119,702			$	99,014			$	47,820

Reconciliation Of Statutory Federal Income Tax Rate To Effective Consolidated Tax Rate

The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows:

		Year Ended April 30,
		2015				2014				2013
U.S. federal statutory income tax rate			35.0	%			35.0	%			35.0	%
Foreign source income, net of credits generated			0.4				2.0				0.6
Foreign tax rates differential			(4.2	)			(4.7	)			(3.7	)
COLI increase, net			(3.1	)			(2.9	)			(4.8	)
Conclusion of U.S. federal tax audit			—				(2.7	)			—
State income taxes, net of federal benefit			0.9				1.5				5.7
Change in uncertain tax positions			(0.1	)			1.1				1.9
Other			(0.9	)			(0.5	)			0.1
Effective income tax rate			28.0	%			28.8	%			34.8	%

Components Of Deferred Tax Assets And Liabilities

Components of deferred tax assets and liabilities are as follows:

		April 30,
		2015				2014
		(in thousands)
Deferred tax assets:
Deferred compensation		$	71,182			$	66,359
Loss and credit carryforwards			26,211				35,177
Reserves and accruals			9,344				8,706
Deferred rent			6,432				5,575
Deferred revenue			277				1,672
Allowance for doubtful accounts			1,831				1,536
Other			6,629				6,531
Gross deferred tax assets			121,906				125,556
Deferred tax liabilities:
Intangibles			(20,828	)			(21,507	)
Property and equipment			(6,289	)			(6,277	)
Prepaid expenses			(7,687	)			(5,600	)
Other			(5,653	)			(5,678	)
Gross deferred tax liabilities			(40,457	)			(39,062	)
Valuation allowances			(21,608	)			(26,969	)
Net deferred tax asset		$	59,841			$	59,525

Deferred Tax Amounts

The deferred tax amounts have been classified in the consolidated balance sheets as follows:

		April 30,
		2015				2014
		(in thousands)
Current:
Deferred tax assets		$	14,600			$	15,591
Deferred tax liabilities			(10,488	)			(10,813	)
Valuation allowance			(285	)			(292	)
Current deferred tax asset			3,827				4,486
Non-current:
Deferred tax asset			107,306				109,965
Deferred tax liabilities			(29,969	)			(28,249	)
Valuation allowance			(21,323	)			(26,677	)
Non-current deferred tax asset, net			56,014				55,039
Net deferred tax assets		$	59,841			$	59,525

Changes In Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the unrecognized tax benefits is as follows:

		Year Ended April 30,
		2015				2014				2013
		(in thousands)
Unrecognized tax benefits, beginning of year		$	2,701			$	3,400			$	—
Settlement with tax authority			(497	)			(1,946	)			—
Additions based on tax positions related to the current year			219				279				1,454
Additions based on tax positions related to prior years			—				968				1,946
Unrecognized tax benefits, end of year		$	2,423			$	2,701			$	3,400

X

- Definition

Schedule Of Deferred Tax Amount [Table Text Block]

+ References

No definition available.

+ Details

Name:	kfy_ScheduleOfDeferredTaxAmountTableTextBlock
Namespace Prefix:	kfy_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



-Paragraph 9



-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



-Paragraph 2



-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



-Paragraph 12



-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 235



-SubTopic 10



-Section S99



-Paragraph 1



-Subparagraph (SX 210.4-08.(h)(1)(i))



-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



-Paragraph 15



-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration