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Restructuring Charges, Net | 6 Months Ended
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Oct. 31, 2020
Restructuring And Related Activities [Abstract] |
Restructuring Charges, Net | 10. Restructuring Charges, Net On April 20, 2020, in light of the continuing uncertainty in worldwide economic conditions caused by the COVID-19 pandemic and, as part of a broader program aimed at further enhancing Korn Ferry’s strong balance sheet and liquidity position, the Company adopted a restructuring plan intended to adjust its cost base to the current economic environment and to position the Company to invest into its recovery. The Company continued the implementation of this plan in the first quarter of fiscal 2021. There were no new such actions in the second quarter. Rather, the Company completed the actions initiated in prior quarters and made adjustments to previously recorded restructuring accruals resulting in restructuring charges, net of $2.4 million and $29.9 million in the three and six months ended October 31, 2020 across all lines of business relating to severance for positions that were eliminated. There were no restructuring charges in the three and six months ended October 31, 2019. Changes in the restructuring liability during the three months ended October 31, 2020 were as follows:
|  | Restructuring Liability |
|  | (in thousands) |
As of July 31, 2020 |  | $ | 28,532 |
Restructuring charges, net |  |  | 2,407 |
Reductions for cash payments |  |  | (13,812 | )
Exchange rate fluctuations |  |  | (297 | )
As of October 31, 2020 |  | $ | 16,830 |
Changes in the restructuring liability during the six months ended October 31, 2020 were as follows:
|  | Restructuring Liability |
|  | (in thousands) |
As of April 30, 2020 |  | $ | 34,153 |
Restructuring charges, net |  |  | 29,894 |
Reductions for cash payments |  |  | (45,159 | )
Non-cash payments |  |  | (3,968 | )
Exchange rate fluctuations |  |  | 1,910 |
As of October 31, 2020 |  | $ | 16,830 |
As of October 31, 2020 and April 30, 2020, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets, except for $0.6 million and $0.6 million, respectively, which are included in other long-term liabilities.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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