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Segments (Tables) | 3 Months Ended
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Jul. 31, 2021
Segment Reporting [Abstract] |
Financial Highlights by Operating Segment | Financial highlights by reportable segments are as follows:
|  | Three Months Ended July 31, 2021 |
|  |  |  |  |  |  |  |  |  | Executive Search |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Consulting |  |  | Digital |  |  | North America |  |  | EMEA |  |  | Asia Pacific |  |  | Latin America |  |  | Subtotal |  |  | RPO & Professional Search |  |  | Corporate |  |  | Consolidated |
|  | (in thousands) |
Fee revenue |  | $ | 148,478 |  |  | $ | 80,671 |  |  | $ | 138,678 |  |  | $ | 42,747 |  |  | $ | 28,703 |  |  | $ | 6,776 |  |  | $ | 216,904 |  |  | $ | 139,342 |  |  | $ | — |  |  | $ | 585,395 |
Total revenue |  | $ | 149,007 |  |  | $ | 80,681 |  |  | $ | 139,300 |  |  | $ | 42,843 |  |  | $ | 28,732 |  |  | $ | 6,779 |  |  | $ | 217,654 |  |  | $ | 140,756 |  |  | $ | — |  |  | $ | 588,098 |
Net income attributable to Korn Ferry |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 74,823 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,574 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,447 | )
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,426 |
Income tax provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 23,879 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 101,255 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 15,644 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,447 |
Adjusted EBITDA(1) |  | $ | 26,841 |  |  | $ | 25,632 |  |  | $ | 43,330 |  |  | $ | 7,585 |  |  | $ | 8,320 |  |  | $ | 2,354 |  |  | $ | 61,589 |  |  | $ | 33,967 |  |  | $ | (26,683 | ) |  | $ | 121,346 |
(1) | Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization.
|  | Three Months Ended July 31, 2020 |
|  |  |  |  |  |  |  |  |  | Executive Search |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Consulting |  |  | Digital |  |  | North America |  |  | EMEA |  |  | Asia Pacific |  |  | Latin America |  |  | Subtotal |  |  | RPO & Professional Search |  |  | Corporate |  |  | Consolidated |
|  | (in thousands) |
Fee revenue |  | $ | 99,318 |  |  | $ | 55,973 |  |  | $ | 69,315 |  |  | $ | 30,081 |  |  | $ | 17,252 |  |  | $ | 3,495 |  |  | $ | 120,143 |  |  | $ | 68,663 |  |  | $ | — |  |  | $ | 344,097 |
Total revenue |  | $ | 99,590 |  |  | $ | 56,022 |  |  | $ | 69,856 |  |  | $ | 30,195 |  |  | $ | 17,340 |  |  | $ | 3,495 |  |  | $ | 120,886 |  |  | $ | 70,385 |  |  | $ | — |  |  | $ | 346,883 |
Net loss attributable to Korn Ferry |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (30,833 | )
Net loss attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (22 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11,162 | )
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,894 |
Income tax benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8,672 | )
Operating loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (43,795 | )
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 15,035 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,162 |
Integration/acquisition costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 737 |
Restructuring charges, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 27,487 |
Adjusted EBITDA(1) |  | $ | 6,604 |  |  | $ | 7,943 |  |  | $ | 5,312 |  |  | $ | 1,710 |  |  | $ | 1,594 |  |  | $ | (562 | ) |  | $ | 8,054 |  |  | $ | 6,024 |  |  | $ | (17,999 | ) |  | $ | 10,626 |
(1) | Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition and net restructuring charges.

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