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Basic and Diluted (Loss) Earnings Per Share | 3 Months Ended
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Jul. 31, 2018
Earnings Per Share [Abstract] |
Basic and Diluted (Loss) Earnings Per Share | 2. Basic and Diluted (Loss) Earnings Per Share Accounting Standards Codification 260, Earnings Per Share, requires companies to treat unvested share-based payment awards that have non-forfeitable rights to dividends prior to vesting as a separate class of securities in calculating earnings per share. We have granted and expect to continue to grant to certain employees under our restricted stock agreements, grants that contain non-forfeitable rights to dividends. Such grants are considered participating securities. Therefore, we are required to apply the two-class method in calculating earnings per share. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The dilutive effect of participating securities is calculated using the more dilutive of the treasury method or the two-class method. Basic (loss) earnings per common share was computed using the two-class method by dividing basic net (loss) earnings attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted (loss) earnings per common share was computed using the two-class method by dividing diluted net (loss) earnings attributable to common stockholders by the weighted-average number of common shares outstanding plus dilutive common equivalent shares. Dilutive common equivalent shares include all in-the-money outstanding options or other contracts to issue common stock as if they were exercised or converted. Financial instruments that are not in the form of common stock, but when converted into common stock increase earnings per share are anti-dilutive and are not included in the computation of diluted earnings per share. Because the Company is in a net loss position, diluted net loss per share excludes the effects of common stock equivalents consisting of restricted stock awards, which are all antidilutive. During the three months ended July 31, 2018 and 2017, restricted stock awards of 1.8 million and 0.6 million were outstanding, respectively, but not included in the computation of diluted (loss) earnings per share because they were anti-dilutive. The following table summarizes basic and diluted earnings per common share attributable to common stockholders:
|  | Three Months Ended July 31, |
|  | 2018 |  |  | 2017 |
|  | (in thousands, except per share data) |
Net (loss) income attributable to Korn/Ferry International |  | $ | (38,611 | ) |  | $ | 29,041 |
Less: distributed and undistributed earnings to nonvested restricted stockholders |  |  | 59 |  |  |  | 288 |
Basic net (loss) earnings attributable to common stockholders |  |  | (38,670 | ) |  |  | 28,753 |
Add: undistributed earnings to nonvested restricted stockholders |  |  | — |  |  |  | 232 |
Less: reallocation of undistributed earnings to nonvested restricted stockholders |  |  | — |  |  |  | 230 |
Diluted net (loss) earnings attributable to common stockholders |  | $ | (38,670 | ) |  | $ | 28,755 |
Weighted-average common shares outstanding: |  |  |  |  |  |  |  |
Basic weighted-average number of common shares outstanding |  |  | 55,378 |  |  |  | 55,795 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Restricted stock |  |  | — |  |  |  | 588 |
Stock options |  |  | — |  |  |  | 12 |
ESPP |  |  | — |  |  |  | 8 |
Diluted weighted-average number of common shares outstanding |  |  | 55,378 |  |  |  | 56,403 |
Net (loss) earnings per common share: |  |  |  |  |  |  |  |
Basic (loss) earnings per share |  | $ | (0.70 | ) |  | $ | 0.52 |
Diluted (loss) earnings per share |  | $ | (0.70 | ) |  | $ | 0.51 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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