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Segments (Tables) | 12 Months Ended
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Apr. 30, 2021
Segment Reporting [Abstract] |
Financial Highlights by Operating Segment | Financial highlights by reportable segments are as follows:
|  | Year Ended April 30, 2021 |
|  |  |  |  |  |  |  |  |  | Executive Search |  |  |  |  |  |  |  |  |  |  |
|  | Consulting |  |  | Digital |  |  | North America |  |  | EMEA |  |  | Asia Pacific |  |  | Latin America |  |  | RPO & Professional Search |  |  | Corporate |  |  | Consolidated |
|  | (in thousands) |
Fee revenue |  | $ | 515,844 |  |  | $ | 287,306 |  |  | $ | 397,275 |  |  | $ | 138,954 |  |  | $ | 83,306 |  |  | $ | 17,500 |  |  | $ | 369,862 |  |  | $ | — |  |  | $ | 1,810,047 |
Total revenue |  | $ | 517,046 |  |  | $ | 287,780 |  |  | $ | 399,104 |  |  | $ | 139,213 |  |  | $ | 83,463 |  |  | $ | 17,500 |  |  | $ | 375,840 |  |  | $ | — |  |  | $ | 1,819,946 |
Net income attributable to Korn Ferry |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 114,454 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,108 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (37,194 | )
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29,278 |
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 48,138 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 155,784 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 61,845 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 37,194 |
Integration/acquisition costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 737 |
Restructuring charges, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 30,732 |
Adjusted EBITDA(1) |  | $ | 81,522 |  |  | $ | 86,095 |  |  | $ | 98,099 |  |  | $ | 11,742 |  |  | $ | 16,676 |  |  | $ | 1,289 |  |  | $ | 69,411 |  |  | $ | (78,542 | ) |  | $ | 286,292 |
(1) | Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition and net restructuring charges.
|  | Year Ended April 30, 2020 |
|  |  |  |  |  |  |  |  |  | Executive Search |  |  |  |  |  |  |  |  |  |  |
|  | Consulting |  |  | Digital |  |  | North America |  |  | EMEA |  |  | Asia Pacific |  |  | Latin America |  |  | RPO & Professional Search |  |  | Corporate |  |  | Consolidated |
|  | (in thousands) |
Fee revenue |  | $ | 543,095 |  |  | $ | 292,366 |  |  | $ | 434,624 |  |  | $ | 170,314 |  |  | $ | 98,132 |  |  | $ | 29,400 |  |  | $ | 364,801 |  |  | $ | — |  |  | $ | 1,932,732 |
Total revenue |  | $ | 557,255 |  |  | $ | 294,261 |  |  | $ | 447,528 |  |  | $ | 172,978 |  |  | $ | 99,209 |  |  | $ | 29,493 |  |  | $ | 376,606 |  |  | $ | — |  |  | $ | 1,977,330 |
Net income attributable to Korn Ferry |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 104,946 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,071 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,879 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 22,184 |
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 43,945 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 176,025 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 55,311 |
Other loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,879 | )
Integration/acquisition costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12,152 |
Restructuring charges, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 58,559 |
Separation costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,783 |
Adjusted EBITDA(1) |  | $ | 61,092 |  |  | $ | 83,073 |  |  | $ | 120,725 |  |  | $ | 31,067 |  |  | $ | 22,885 |  |  | $ | 6,402 |  |  | $ | 60,168 |  |  | $ | (84,461 | ) |  | $ | 300,951 |
(1) | Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition costs, net restructuring charges and separation costs.
|  | Year Ended April 30, 2019 |
|  |  |  |  |  |  |  |  |  | Executive Search |  |  |  |  |  |  |  |  |  |  |
|  | Consulting |  |  | Digital |  |  | North America |  |  | EMEA |  |  | Asia Pacific |  |  | Latin America |  |  | RPO & Professional Search |  |  | Corporate |  |  | Consolidated |
|  | (in thousands) |
Fee revenue |  | $ | 568,321 |  |  | $ | 252,727 |  |  | $ | 455,826 |  |  | $ | 182,829 |  |  | $ | 104,291 |  |  | $ | 31,896 |  |  | $ | 330,143 |  |  | $ | — |  |  | $ | 1,926,033 |
Total revenue |  | $ | 585,893 |  |  | $ | 252,727 |  |  | $ | 469,743 |  |  | $ | 186,131 |  |  | $ | 105,543 |  |  | $ | 31,960 |  |  | $ | 341,865 |  |  | $ | — |  |  | $ | 1,973,862 |
Net income attributable to Korn Ferry |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 102,651 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,145 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (10,405 | )
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16,891 |
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29,544 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 140,826 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 46,489 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,405 |
Integration/acquisition costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,746 |
Tradename write-offs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 106,555 |
Adjusted EBITDA(1) |  | $ | 66,531 |  |  | $ | 84,455 |  |  | $ | 131,343 |  |  | $ | 31,660 |  |  | $ | 26,073 |  |  | $ | 4,730 |  |  | $ | 54,407 |  |  | $ | (88,178 | ) |  | $ | 311,021 |
(1) | Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes, integration/acquisition costs and tradename write-offs.
Fee Revenue Classified by Country | Fee revenue classified by country in which the Company derives revenues are as follows:
|  | Year Ended April 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (in thousands) |
U.S. |  | $ | 837,682 |  |  | $ | 875,605 |  |  | $ | 859,969 |
United Kingdom |  |  | 189,893 |  |  |  | 204,271 |  |  |  | 202,055 |
Other countries |  |  | 782,472 |  |  |  | 852,856 |  |  |  | 864,009 |
Total fee revenue |  | $ | 1,810,047 |  |  | $ | 1,932,732 |  |  | $ | 1,926,033 |
Long-Lived Assets, Excluding Financial Instruments and Tax Assets, Classified by Controlling Countries over Ten Percent | Long-lived assets, excluding financial instruments and tax assets, classified by location of the controlling statutory country are as follows:
|  | Year Ended April 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (in thousands) |
U.S. (1) |  | $ | 182,218 |  |  | $ | 199,436 |  |  | $ | 98,455 |
United Kingdom |  |  | 34,081 |  |  |  | 35,739 |  |  |  | 6,466 |
Other countries |  |  | 89,600 |  |  |  | 102,630 |  |  |  | 26,584 |
Total long-lived assets |  | $ | 305,899 |  |  | $ | 337,805 |  |  | $ | 131,505 |
(1) | Includes Corporate long-lived assets

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