Financial highlights by business segment are as follows:


	Three Months Ended July 31, 2017
	Executive Search
	North America		EMEA		Asia Pacific		Latin America		Subtotal		Hay Group		Futurestep		Corporate			Consolidated
	(in thousands)
Fee revenue	$	91,833	$	40,121	$	21,578	$	7,659	$	161,191	$	179,453	$	60,610	$	—		$	401,254
Total revenue	$	95,205	$	41,058	$	21,880	$	7,664	$	165,807	$	183,296	$	65,814	$	—		$	414,917

Net income attributable to Korn/Ferry International																		$	29,041
Net income attributable to noncontrolling interest																			388
Other income, net																			(3,532	)
Interest expense, net																			2,660
Equity in earnings of unconsolidated subsidiaries, net																			(30	)
Income tax provision																			12,210

Operating income (loss)	$	21,995	$	6,675	$	3,141	$	1,026	$	32,837	$	19,083	$	8,237	$	(19,420	)		40,737
Depreciation and amortization		949		428		320		107		1,804		8,085		796		1,524			12,209
Other income (loss), net		282		56		105		20		463		32		8		3,029			3,532
Equity in earnings of unconsolidated subsidiaries, net		30		—		—		—		30		—		—		—			30

EBITDA		23,256		7,159		3,566		1,153		35,134		27,200		9,041		(14,867	)		56,508
Restructuring charges, net		—		—		40		—		40		240		—		—			280
Integration/acquisition cost		—		—		—		—		—		2,549		—		39			2,588

Adjusted EBITDA	$	23,256	$	7,159	$	3,606	$	1,153	$	35,174	$	29,989	$	9,041	$	(14,828	)	$	59,376


	Three Months Ended July 31, 2016
	Executive Search
	North America		EMEA		Asia Pacific		Latin America		Subtotal		Hay Group			Futurestep			Corporate			Consolidated
	(in thousands)
Fee revenue	$	81,802	$	35,370	$	19,626	$	9,563	$	146,361	$	174,582		$	54,678		$	—		$	375,621
Deferred revenue adjustment due to acquisition		—		—		—		—		—		3,535			—			—			3,535

Adjusted fee revenue	$	81,802	$	35,370	$	19,626	$	9,563	$	146,361	$	178,117		$	54,678		$	—		$	379,156

Total revenue	$	85,425	$	36,249	$	20,180	$	9,614	$	151,468	$	181,508		$	59,957		$	—		$	392,933

Net income attributable to Korn/Ferry International																				$	3,208
Net income attributable to noncontrolling interest																					860
Other income, net																					(4,259	)
Interest expense, net																					3,061
Equity in earnings of unconsolidated subsidiaries, net																					(79	)
Income tax provision																					1,725

Operating income (loss)	$	16,468	$	6,027	$	2,102	$	2,330	$	26,927	$	(7,743	)	$	7,513		$	(22,181	)		4,516
Depreciation and amortization		830		211		225		114		1,380		8,016			623			1,425			11,444
Other income (loss), net		288		24		87		73		472		235			(2	)		3,554			4,259
Equity in earnings of unconsolidated subsidiaries, net		79		—		—		—		79		—			—			—			79

EBITDA		17,665		6,262		2,414		2,517		28,858		508			8,134			(17,202	)		20,298
Restructuring charges, net		1,706		128		622		360		2,816		21,488			—			216			24,520
Integration/acquisition costs		—		—		—		—		—		4,264			—			3,763			8,027
Deferred revenue adjustment due to acquisition		—		—		—		—		—		3,535			—			—			3,535

Adjusted EBITDA	$	19,371	$	6,390	$	3,036	$	2,877	$	31,674	$	29,795		$	8,134		$	(13,223	)	$	56,380