Financial highlights by business segment are as follows:


	Three Months Ended January 31, 2015
	Executive Recruitment
	North America			EMEA		Asia Pacific		South America			Subtotal			LTC			Futurestep			Corporate			Consolidated
	(in thousands)
Fee revenue	$	78,026		$	36,816	$	20,924	$	7,713		$	143,479		$	64,313		$	41,753		$	—		$	249,545
Total revenue	$	81,521		$	37,868	$	21,874	$	7,724		$	148,987		$	66,048		$	43,836		$	—		$	258,871
Net income																							$	22,939
Other loss, net																								1,478
Interest income, net																								(288	)
Equity in earnings of unconsolidated subsidiaries, net																								(778	)
Income tax provision																								9,576

Operating income (loss)	$	22,673		$	5,073	$	4,096	$	1,741		$	33,583		$	8,577		$	5,760		$	(14,993	)		32,927
Depreciation and amortization		867			431		216		79			1,593			3,317			469			1,435			6,814
Other (loss) income, net		(225	)		24		25		41			(135	)		(156	)		4			(1,191	)		(1,478	)
Equity in earnings of unconsolidated subsidiaries, net		103			—		—		—			103			—			—			675			778

EBITDA		23,418			5,528		4,337		1,861			35,144			11,738			6,233			(14,074	)		39,041
Restructuring recoveries, net		—			—		—		(148	)		(148	)		—			(270	)		—			(418	)
Acquisition costs		—			—		—		—			—			—			—			445			445

Adjusted EBITDA	$	23,418		$	5,528	$	4,337	$	1,713		$	34,996		$	11,738		$	5,963		$	(13,629	)	$	39,068


	Three Months Ended January 31, 2014
	Executive Recruitment
	North America			EMEA		Asia Pacific		South America			Subtotal			LTC			Futurestep			Corporate			Consolidated
	(in thousands)
Fee revenue	$	77,208		$	39,144	$	20,213	$	7,477		$	144,042		$	62,217		$	35,925		$	—		$	242,184
Total revenue	$	80,926		$	40,381	$	20,820	$	7,560		$	149,687		$	64,282		$	36,968		$	—		$	250,937
Net income																							$	21,304
Other income, net																								(1,132	)
Interest expense, net																								873
Equity in earnings of unconsolidated subsidiaries, net																								(470	)
Income tax provision																								6,727

Operating income (loss)	$	19,919		$	6,649	$	3,922	$	1,132		$	31,622		$	5,651		$	3,925		$	(13,896	)	$	27,302
Depreciation and amortization		849			452		267		52			1,620			3,272			437			1,004			6,333
Other income, net		81			121		52		—			254			92			28			758			1,132
Equity in earnings of unconsolidated subsidiaries, net		36			—		—		—			36			—			—			434			470

EBITDA		20,885			7,222		4,241		1,184			33,532			9,015			4,390			(11,700	)		35,237

Adjusted EBITDA	$	20,885		$	7,222	$	4,241	$	1,184		$	33,532		$	9,015		$	4,390		$	(11,700	)	$	35,237


	Nine Months Ended January 31, 2015
	Executive Recruitment
	North America		EMEA		Asia Pacific		South America		Subtotal		LTC			Futurestep		Corporate			Consolidated
	(in thousands)
Fee revenue	$	243,055	$	113,788	$	61,615	$	22,366	$	440,824	$	194,269		$	121,342	$	—		$	756,435
Total revenue	$	253,855	$	117,351	$	63,959	$	22,416	$	457,581	$	199,945		$	126,387	$	—		$	783,913
Net income																			$	62,875
Other income, net																				(3,061	)
Interest expense, net																				1,426
Equity in earnings of unconsolidated subsidiaries, net																				(1,696	)
Income tax provision																				26,392

Operating income (loss)	$	60,788	$	13,337	$	10,042	$	3,513	$	87,680	$	19,799		$	14,367	$	(35,910	)		85,936
Depreciation and amortization		2,662		1,366		771		249		5,048		9,848			1,374		4,093			20,363
Other income (loss), net		98		69		283		87		537		(111	)		27		2,608			3,061
Equity in earnings of unconsolidated subsidiaries, net		281		—		—		—		281		—			—		1,415			1,696

EBITDA		63,829		14,772		11,096		3,849		93,546		29,536			15,768		(27,794	)		111,056
Restructuring charges, net		1,151		3,987		17		229		5,384		2,758			1,154		172			9,468
Acquisition costs		—		—		—		—		—		—			—		445			445

Adjusted EBITDA	$	64,980	$	18,759	$	11,113	$	4,078	$	98,930	$	32,294		$	16,922	$	(27,177	)	$	120,969


	Nine Months Ended January 31, 2014
	Executive Recruitment
	North America		EMEA		Asia Pacific		South America		Subtotal		LTC			Futurestep		Corporate			Consolidated
	(in thousands)
Fee revenue	$	226,538	$	107,742	$	63,063	$	23,346	$	420,689	$	188,357		$	99,543	$	—		$	708,589
Total revenue	$	237,771	$	111,078	$	65,087	$	23,522	$	437,458	$	194,566		$	102,737	$	—		$	734,761
Net income																			$	51,480
Other income, net																				(7,751	)
Interest expense, net																				2,102
Equity in earnings of unconsolidated subsidiaries, net																				(1,492	)
Income tax provision																				22,789

Operating income (loss)	$	51,773	$	18,469	$	12,894	$	4,893	$	88,029	$	16,992		$	9,009	$	(46,902	)	$	67,128
Depreciation and amortization		2,732		1,339		1,102		225		5,398		9,330			1,285		2,844			18,857
Other income, net		529		403		144		10		1,086		145			576		5,944			7,751
Equity in earnings of unconsolidated subsidiaries, net		258		—		—		—		258		—			—		1,234			1,492

EBITDA		55,292		20,211		14,140		5,128		94,771		26,467			10,870		(36,880	)		95,228
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	$	56,108	$	20,671	$	14,200	$	5,128	$	96,107	$	27,616		$	12,004	$	(31,923	)	$	103,804