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Fee Revenue (Tables)
9 Months Ended
Jan. 31, 2019
Revenue From Contract With Customer [Abstract]  
Schedule of Contract Asset and Liability

The following table outlines our contract asset and liability balances as of January 31, 2019 and May 1, 2018:

 

 

January 31, 2019

 

 

May 1, 2018

 

 

 

(in thousands)

 

Contract assets (unbilled receivables)

 

$

71,289

 

 

$

65,164

 

Contract liabilities (deferred revenue)

 

$

114,266

 

 

$

114,695

 

Schedule of Disaggregation of Fee Revenue by Industry

The following table provides further disaggregation of fee revenue by industry:

 

 

Three Months Ended January 31,

 

 

 

2019

 

 

2018

 

 

 

Dollars

 

 

%

 

 

Dollars

 

 

%

 

 

 

(dollars in thousands)

 

Industrial

 

$

137,436

 

 

 

29.0

%

 

$

134,512

 

 

 

30.1

%

Financial Services

 

 

86,397

 

 

 

18.2

 

 

 

74,044

 

 

 

16.6

 

Life Sciences/ Healthcare

 

 

76,066

 

 

 

16.0

 

 

 

76,237

 

 

 

17.0

 

Consumer Goods

 

 

74,007

 

 

 

15.6

 

 

 

72,229

 

 

 

16.1

 

Technology

 

 

64,248

 

 

 

13.6

 

 

 

57,823

 

 

 

12.9

 

Education/Non-Profit

 

 

29,083

 

 

 

6.1

 

 

 

30,019

 

 

 

6.7

 

General

 

 

7,267

 

 

 

1.5

 

 

 

2,717

 

 

 

0.6

 

Fee Revenue

 

$

474,504

 

 

 

100.0

%

 

$

447,581

 

 

 

100.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended January 31,

 

 

 

2019

 

 

2018

 

 

 

Dollars

 

 

%

 

 

Dollars

 

 

%

 

 

 

(dollars in thousands)

 

Industrial

 

$

419,559

 

 

 

29.2

%

 

$

388,607

 

 

 

30.1

%

Financial Services

 

 

259,962

 

 

 

18.1

 

 

 

224,771

 

 

 

17.4

 

Life Sciences/ Healthcare

 

 

239,891

 

 

 

16.7

 

 

 

214,771

 

 

 

16.6

 

Consumer Goods

 

 

226,159

 

 

 

15.8

 

 

 

204,323

 

 

 

15.8

 

Technology

 

 

188,088

 

 

 

13.1

 

 

 

165,893

 

 

 

12.8

 

Education/Non-Profit

 

 

91,250

 

 

 

6.4

 

 

 

84,538

 

 

 

6.6

 

General

 

 

10,368

 

 

 

0.7

 

 

 

8,950

 

 

 

0.7

 

Fee Revenue

 

$

1,435,277

 

 

 

100.0

%

 

$

1,291,853

 

 

 

100.0

%