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Fee Revenue (Tables)
9 Months Ended
Jan. 31, 2021
Revenue From Contract With Customer [Abstract]  
Schedule of Contract Asset and Liability

The following table outlines the Company’s contract asset and liability balances as of January 31, 2021 and April 30, 2020:

 

 

 

January 31, 2021

 

 

April 30, 2020

 

 

 

(in thousands)

 

Contract assets-unbilled receivables

 

$

80,859

 

 

$

65,370

 

Contract liabilities-deferred revenue

 

$

180,065

 

 

$

133,128

 

Schedule of Disaggregation of Fee Revenue by Industry

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

 

 

 

Three Months Ended January 31,

 

 

 

2021

 

 

2020

 

 

 

Dollars

 

 

%

 

 

Dollars

 

 

%

 

 

 

(dollars in thousands)

 

Industrial

 

$

131,959

 

 

 

27.8

%

 

$

149,067

 

 

 

28.9

%

Financial Services

 

 

84,078

 

 

 

17.7

 

 

 

84,778

 

 

 

16.5

 

Life Sciences/Healthcare

 

 

92,588

 

 

 

19.5

 

 

 

89,217

 

 

 

17.3

 

Consumer Goods

 

 

63,325

 

 

 

13.3

 

 

 

78,600

 

 

 

15.3

 

Technology

 

 

74,774

 

 

 

15.7

 

 

 

79,870

 

 

 

15.5

 

Education/Non-Profit/General

 

 

28,636

 

 

 

6.0

 

 

 

33,793

 

 

 

6.5

 

Fee Revenue

 

$

475,360

 

 

 

100.0

%

 

$

515,325

 

 

 

100.0

%

 

 

 

 

Nine Months Ended January 31,

 

 

 

2021

 

 

2020

 

 

 

Dollars

 

 

%

 

 

Dollars

 

 

%

 

 

 

(dollars in thousands)

 

Industrial

 

$

346,650

 

 

 

27.6

%

 

$

428,445

 

 

 

28.7

%

Financial Services

 

 

232,723

 

 

 

18.5

 

 

 

256,178

 

 

 

17.2

 

Life Sciences/Healthcare

 

 

241,451

 

 

 

19.3

 

 

 

260,567

 

 

 

17.5

 

Consumer Goods

 

 

168,840

 

 

 

13.5

 

 

 

226,010

 

 

 

15.1

 

Technology

 

 

188,789

 

 

 

15.0

 

 

 

221,172

 

 

 

14.8

 

Education/Non-Profit/General

 

 

76,443

 

 

 

6.1

 

 

 

99,891

 

 

 

6.7

 

Fee Revenue

 

$

1,254,896

 

 

 

100.0

%

 

$

1,492,263

 

 

 

100.0

%