Financial highlights by business segment are as follows:


	Three Months Ended January 31, 2018
	Executive Search
	North America		EMEA			Asia Pacific		Latin America			Subtotal		Hay Group			Futurestep			Corporate			Consolidated
	(in thousands)
Fee revenue	$	102,716	$	46,782		$	24,493	$	6,425		$	180,416	$	198,056		$	69,109		$	—		$	447,581
Total revenue	$	106,332	$	47,763		$	24,942	$	6,456		$	185,493	$	201,961		$	73,316		$	—		$	460,770

Net income attributable to Korn/Ferry International																						$	27,247
Net income attributable to noncontrolling interest																							180
Other income, net																							(7,689	)
Interest expense, net																							2,665
Equity in earnings of unconsolidated subsidiaries, net																							(97	)
Income tax provision																							26,316

Operating income (loss)	$	21,313	$	7,329		$	5,289	$	408		$	34,339	$	27,079		$	10,056		$	(22,852	)		48,622
Depreciation and amortization		990		458			361		113			1,922		7,882			733			1,688			12,225
Other income, net		585		37			185		40			847		370			2			6,470			7,689
Equity in earnings of unconsolidated subsidiaries, net		97		—			—		—			97		—			—			—			97

EBITDA		22,985		7,824			5,835		561			37,205		35,331			10,791			(14,694	)		68,633
Integration/acquisition costs		—		—			—		—			—		1,593			—			80			1,673

Adjusted EBITDA	$	22,985	$	7,824		$	5,835	$	561		$	37,205	$	36,924		$	10,791		$	(14,614	)	$	70,306

	Three Months Ended January 31, 2017
	Executive Search
	North America		EMEA			Asia Pacific		Latin America			Subtotal		Hay Group			Futurestep			Corporate			Consolidated
	(in thousands)
Fee revenue	$	84,827	$	39,147		$	21,012	$	7,835		$	152,821	$	175,662		$	53,435		$	—		$	381,918
Total revenue	$	87,975	$	39,965		$	21,336	$	7,856		$	157,132	$	178,962		$	58,101		$	—		$	394,195

Net income attributable to Korn/Ferry International																						$	23,897
Net income attributable to noncontrolling interest																							481
Other income, net																							(4,200	)
Interest expense, net																							2,402
Equity in earnings of unconsolidated subsidiaries, net																							(113	)
Income tax provision																							8,075

Operating income (loss)	$	17,718	$	8,175		$	2,086	$	1,352		$	29,331	$	15,988		$	6,549		$	(21,326	)		30,542
Depreciation and amortization		996		226			268		(21	)		1,469		8,061			789			1,455			11,774
Other income (loss), net		316		19			60		61			456		122			(2	)		3,624			4,200
Equity in earnings of unconsolidated subsidiaries, net		113		—			—		—			113		—			—			—			113

EBITDA		19,143		8,420			2,414		1,392			31,369		24,171			7,336			(16,247	)		46,629
Restructuring charges, net		—		—			893		309			1,202		2,519			80			—			3,801
Integration/acquisition costs		—		—			—		—			—		3,364			—			1,466			4,830

Adjusted EBITDA	$	19,143	$	8,420		$	3,307	$	1,701		$	32,571	$	30,054		$	7,416		$	(14,781	)	$	55,260


	Nine Months Ended January 31, 2018
	Executive Search
	North America		EMEA			Asia Pacific		Latin America			Subtotal		Hay Group			Futurestep			Corporate			Consolidated
	(in thousands)
Fee revenue	$	296,093	$	128,249		$	71,983	$	22,048		$	518,373	$	577,462		$	196,018		$	—		$	1,291,853
Total revenue	$	305,866	$	130,894		$	73,009	$	22,114		$	531,883	$	589,093		$	210,179		$	—		$	1,331,155

Net income attributable to Korn/Ferry International																						$	92,619
Net income attributable to noncontrolling interest																							969
Other income, net																							(14,847	)
Interest expense, net																							7,904
Equity in earnings of unconsolidated subsidiaries, net																							(187	)
Income tax provision																							54,145

Operating income (loss)	$	66,253	$	20,349		$	12,811	$	2,961		$	102,374	$	72,532		$	27,702		$	(62,005	)		140,603
Depreciation and amortization		2,923		1,345			1,052		331			5,651		24,110			2,313			4,807			36,881
Other income, net		1,157		136			384		99			1,776		459			10			12,602			14,847
Equity in earnings of unconsolidated subsidiaries, net		187		—			—		—			187		—			—			—			187

EBITDA		70,520		21,830			14,247		3,391			109,988		97,101			30,025			(44,596	)		192,518
Restructuring charges (recoveries), net		—		—			313		—			313		(241	)		6			—			78
Integration/acquisition costs		—		—			—		—			—		6,455			—			199			6,654

Adjusted EBITDA	$	70,520	$	21,830		$	14,560	$	3,391		$	110,301	$	103,315		$	30,031		$	(44,397	)	$	199,250

	Nine Months Ended January 31, 2017
	Executive Search
	North America		EMEA			Asia Pacific		Latin America			Subtotal		Hay Group			Futurestep			Corporate			Consolidated
	(in thousands)
Fee revenue	$	259,361	$	109,296		$	60,108	$	26,645		$	455,410	$	539,086		$	164,960		$	—		$	1,159,456
Deferred revenue adjustment due to acquisition		—		—			—		—			—		3,535			—			—			3,535

Adjusted fee revenue	$	259,361	$	109,296		$	60,108	$	26,645		$	455,410	$	542,621		$	164,960			—		$	1,162,991

Total revenue	$	269,302	$	111,721		$	61,445	$	26,766		$	469,234	$	552,822		$	180,026		$	—		$	1,202,082

Net income attributable to Korn/Ferry International																						$	57,257
Net income attributable to noncontrolling interest																							2,245
Other income, net																							(7,580	)
Interest expense, net																							8,199
Equity in earnings of unconsolidated subsidiaries, net																							(221	)
Income tax provision																							21,706

Operating income (loss)	$	60,458	$	21,049		$	6,216	$	5,966		$	93,689	$	31,188		$	21,849		$	(65,120	)		81,606
Depreciation and amortization		2,816		666			757		267			4,506		24,102			2,081			4,281			34,970
Other income (loss), net		512		(37	)		171		158			804		346			(4	)		6,434			7,580
Equity in earnings of unconsolidated subsidiaries, net		221		—			—		—			221		—			—			—			221

EBITDA		64,007		21,678			7,144		6,391			99,220		55,636			23,926			(54,405	)		124,377
Restructuring charges, net		1,706		128			1,515		669			4,018		24,007			80			216			28,321
Integration/acquisition costs		—		—			—		—			—		11,993			—			6,684			18,677
Deferred revenue adjustment due to acquisition		—		—			—		—			—		3,535			—			—			3,535

Adjusted EBITDA	$	65,713	$	21,806		$	8,659	$	7,060		$	103,238	$	95,171		$	24,006		$	(47,505	)	$	174,910