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Goodwill and Intangible Assets | 12 Months Ended
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Apr. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 13. Goodwill and Intangible Assets Changes in the carrying value of goodwill by reportable segment were as follows:
|  | Executive Search |  |  |  |  |  |  |  |  |  |  |  |  |
|  | North America |  |  | EMEA |  |  | Asia Pacific |  |  | Subtotal |  |  | Advisory |  |  | RPO & Professional Search |  |  | Consolidated |
|  | (in thousands) |
Balance as of May 1, 2017 |  | $ | 46,201 |  |  | $ | 44,976 |  |  | $ | 972 |  |  | $ | 92,149 |  |  | $ | 457,241 |  |  | $ | 27,475 |  |  | $ | 576,865 |
Exchange rate fluctuations |  |  | 1,556 |  |  |  | 2,525 |  |  |  | — |  |  |  | 4,081 |  |  |  | 928 |  |  |  | 2,348 |  |  |  | 7,357 |
Balance as of April 30, 2018 |  |  | 47,757 |  |  |  | 47,501 |  |  |  | 972 |  |  |  | 96,230 |  |  |  | 458,169 |  |  |  | 29,823 |  |  |  | 584,222 |
Exchange rate fluctuations |  |  | (1,186 | ) |  |  | (2,021 | ) |  |  | — |  |  |  | (3,207 | ) |  |  | (808 | ) |  |  | (1,909 | ) |  |  | (5,924 | )
Balance as of April 30, 2019 |  | $ | 46,571 |  |  | $ | 45,480 |  |  | $ | 972 |  |  | $ | 93,023 |  |  | $ | 457,361 |  |  | $ | 27,914 |  |  | $ | 578,298 |
Tax deductible goodwill from the PIVOT Leadership acquisition was $7.1 million and $7.0 million as of April 30, 2019 and 2018, respectively. Intangible assets include the following:
|  | April 30, 2019 |  |  | April 30, 2018 |
|  | (in thousands) |
Amortized intangible assets: |  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Customer lists |  | $ | 125,099 |  |  | $ | (53,352 | ) |  | $ | 71,747 |  |  | $ | 125,099 |  |  | $ | (42,248 | ) |  | $ | 82,851 |
Intellectual property |  |  | 33,100 |  |  |  | (22,045 | ) |  |  | 11,055 |  |  |  | 33,100 |  |  |  | (20,112 | ) |  |  | 12,988 |
Proprietary databases |  |  | 4,256 |  |  |  | (4,053 | ) |  |  | 203 |  |  |  | 4,256 |  |  |  | (3,628 | ) |  |  | 628 |
Non-compete agreements |  |  | 910 |  |  |  | (893 | ) |  |  | 17 |  |  |  | 910 |  |  |  | (873 | ) |  |  | 37 |
Trademarks |  |  | 3,986 |  |  |  | (3,986 | ) |  |  | — |  |  |  | 3,986 |  |  |  | (3,986 | ) |  |  | — |
Total |  | $ | 167,351 |  |  | $ | (84,329 | ) |  |  | 83,022 |  |  | $ | 167,351 |  |  | $ | (70,847 | ) |  |  | 96,504 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | 106,000 |
Exchange rate fluctuations |  |  |  |  |  |  |  |  |  |  | (74 | ) |  |  |  |  |  |  |  |  |  |  | 712 |
Total Intangible assets |  |  |  |  |  |  |  |  |  | $ | 82,948 |  |  |  |  |  |  |  |  |  |  | $ | 203,216 |
During fiscal 2019, the Company decided to further integrate our go-to-market activities under one master brand —Korn Ferry, and discontinued the use of all sub-brands. Two of the Company’s sub-brands, Hay Group and Lominger, came to Korn Ferry through acquisitions. As a result of the decision to discontinue their use, the Company took a non-cash intangible asset impairment charge of $106.6 million during the year ended April 30, 2019, recorded in general and administrative expenses. Amortization expense for amortized intangible assets was $13.5 million, $14.7 million and $15.4 million during fiscal 2019, 2018 and 2017, respectively. Estimated annual amortization expense related to amortizing intangible assets is as follows:
Year Ending April 30, |  | Estimated Annual Amortization Expense |
|  | (in thousands) |
2020 |  | $ | 13,204 |
2021 |  |  | 13,071 |
2022 |  |  | 13,060 |
2023 |  |  | 11,208 |
2024 |  |  | 8,731 |
Thereafter |  |  | 23,748 |
|  | $ | 83,022 |
All amortizable intangible assets will be fully amortized by the end of fiscal 2032.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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