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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Apr. 30, 2015
Changes In Carrying Value Of Goodwill By Reportable Segment

Changes in the carrying value of goodwill by reportable segment were as follows:

 

    Executive Recruitment                    
    North
America		     EMEA     Asia
Pacific		     Subtotal     LTC     Futurestep     Consolidated  
    (in thousands)  

Balance as of April 30, 2013

   $ 54,513      $ 50,264      $ 972      $ 105,749      $ 119,090      $ 32,454      $ 257,293   

Additions (1)

     —          —          —          —          229        —          229   

Exchange rate fluctuations

     (2,427 )      1,293        —          (1,134 )      31        1,163        60   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of April 30, 2014

   52,086      51,557      972      104,615      119,350      33,617      257,582   

Additions

   —        —        —        —        10,226      —        10,226   

Exchange rate fluctuations

   (2,483 )    (5,635 )    —        (8,118 )    (27 )    (5,223 )    (13,368 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of April 30, 2015

 $ 49,603    $ 45,922    $ 972    $ 96,497    $ 129,549    $ 28,394    $ 254,440   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) During fiscal 2014, adjustments to the preliminary purchase accounting allocation relating to the PDI acquisition, resulted in an increase in goodwill (see Note 12 — Acquisitions).
Intangible assets

Intangible assets include the following:

 

     April 30, 2015     April 30, 2014  
     (in thousands)  
Amortized intangible assets:    Gross      Accumulated
Amortization		     Net     Gross      Accumulated
Amortization		     Net  

Customer lists

    $ 41,099       $ (12,578 )    $ 28,521      $ 34,899       $ (8,674 )    $ 26,225   

Intellectual property

      22,900         (10,130 )      12,770        22,900         (7,009 )      15,891   

Proprietary databases

      4,256         (2,351 )      1,905        4,256         (1,925 )      2,331   

Trademarks

      3,986         (3,291 )      695        3,686         (2,559 )      1,127   

Non-compete agreements

      910         (673 )      237        810         (610 )      200   
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Total

 $ 73,151    $ (29,023 )    44,128    $ 66,551    $ (20,777 )    45,774   
  

 

 

     

 

 

      

 

 

     

 

 

    

Unamortized intangible assets:

Trademarks

  

   3,800      3,800   

Exchange rate fluctuations

  

   (27 )    (14 ) 
       

 

 

         

 

 

  

Intangible assets

  

 $ 47,901    $ 49,560   
       

 

 

         

 

 

  
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,

    Estimated
Annual
Amortization
Expense		  
     (in thousands)  

2016

    $ 7,907   

2017

      6,332   

2018

      5,648   

2019

      4,394   

2020

      4,110   

Thereafter

      15,737   
  

 

 

  
$ 44,128