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Restructuring Charges, Net | 12 Months Ended
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Apr. 30, 2021
Restructuring And Related Activities [Abstract] |
Restructuring Charges, Net | 13. Restructuring Charges, Net On April 20, 2020, in light of the 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 the recovery. The Company continued the implementation of this plan in the first quarter of fiscal 2021. There were no new such actions in the rest of fiscal 2021. Rather, the Company completed the actions initiated in prior quarters and made adjustments to previously recorded restructuring accruals resulting in restructuring charges, net of $30.7 million and $40.5 million during fiscal 2021 and 2020, respectively, across all lines of business relating to severance for eliminated positions. In the third quarter of fiscal 2020, the Company adopted a restructuring plan to rationalize its cost structure to realize the efficiencies and operational improvement that the investments in the Digital business, as discussed in Note 12—Segments, have enabled, or position us to realize. The restructuring plan impacted both the Consulting and Digital segments and included the elimination of redundant positions, which resulted in restructuring charges, net of $18.1 million in fiscal 2020, relating to severance for eliminated positions. Changes in the restructuring liability were as follows:
|  | Restructuring Liability |
|  | (in thousands) |
As of April 30, 2019 |  | $ | 531 |
Restructuring charges, net |  |  | 58,559 |
Reductions for cash payments |  |  | (16,737 | )
Non-cash payments |  |  | (8,053 | )
Exchange rate fluctuations |  |  | (147 | )
As of April 30, 2020 |  |  | 34,153 |
Restructuring charges, net |  |  | 30,732 |
Reductions for cash payments |  |  | (56,387 | )
Non-cash payments |  |  | (3,968 | )
Exchange rate fluctuations |  |  | 2,455 |
As of April 30, 2021 |  | $ | 6,985 |
As of April 30, 2021 and 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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