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Segments (Tables)

6 Months Ended

Oct. 31, 2021

Segment Reporting [Abstract]

Financial Highlights by Operating Segment

Financial highlights by reportable segments are as follows:

		Three Months Ended October 31, 2021
										Executive Search
		Consulting				Digital				North America				EMEA				Asia Pacific				Latin America				Subtotal				RPO & Professional Search				Corporate				Consolidated
		(in thousands)
Fee revenue		$	164,893			$	88,639			$	158,197			$	42,434			$	28,257			$	6,571			$	235,459			$	150,452			$	—			$	639,443
Total revenue		$	165,732			$	88,712			$	159,082			$	42,571			$	28,267			$	6,572			$	236,492			$	152,462			$	—			$	643,398
Net income attributable to Korn Ferry																																						$	75,772
Net income attributable to noncontrolling interest																																							560
Other income, net																																							(5,066	)
Interest expense, net																																							6,365
Income tax provision																																							26,145
Operating income																																						$	103,776
Depreciation and amortization																																							15,633
Other income, net																																							5,066
Integration/acquisition costs																																							1,084
Impairment of fixed assets																																							1,915
Impairment of right of use assets																																							7,392
Adjusted EBITDA(1)		$	30,061			$	28,556			$	48,907			$	7,663			$	8,201			$	1,366			$	66,137			$	36,258			$	(26,146	)		$	134,866

⁽¹⁾ Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition costs and impairment charges.

		Three Months Ended October 31, 2020
										Executive Search
		Consulting				Digital				North America				EMEA				Asia Pacific				Latin America				Subtotal				RPO & Professional Search				Corporate				Consolidated
		(in thousands)
Fee revenue		$	126,685			$	75,043			$	91,168			$	31,629			$	20,807			$	4,456			$	148,060			$	85,651			$	—			$	435,439
Total revenue		$	127,051			$	75,038			$	91,609			$	31,714			$	20,820			$	4,456			$	148,599			$	87,101			$	—			$	437,789
Net income attributable to Korn Ferry																																						$	27,778
Net income attributable to noncontrolling interest																																							300
Other income, net																																							(277	)
Interest expense, net																																							7,494
Income tax provision																																							12,877
Operating income																																						$	48,172
Depreciation and amortization																																							15,298
Other income, net																																							277
Restructuring charges, net																																							2,407
Adjusted EBITDA(1)		$	20,163			$	23,084			$	21,186			$	2,817			$	3,641			$	584			$	28,228			$	13,799			$	(19,120	)		$	66,154

⁽¹⁾ Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes net restructuring charges.

		Six Months Ended October 31, 2021
										Executive Search
		Consulting				Digital				North America				EMEA				Asia Pacific				Latin America				Subtotal				RPO & Professional Search				Corporate				Consolidated
		(in thousands)
Fee revenue		$	313,371			$	169,310			$	296,875			$	85,181			$	56,960			$	13,347			$	452,363			$	289,794			$	—			$	1,224,838
Total revenue		$	314,739			$	169,393			$	298,382			$	85,414			$	56,999			$	13,351			$	454,146			$	293,218			$	—			$	1,231,496
Net income attributable to Korn Ferry																																						$	150,595
Net income attributable to noncontrolling interest																																							2,134
Other income, net																																							(9,513	)
Interest expense, net																																							11,791
Income tax provision																																							50,024
Operating income																																						$	205,031
Depreciation and amortization																																							31,277
Other income, net																																							9,513
Integration/acquisition costs																																							1,084
Impairment of fixed assets																																							1,915
Impairment of right of use assets																																							7,392
Adjusted EBITDA(1)		$	56,902			$	54,188			$	92,237			$	15,248			$	16,521			$	3,720			$	127,726			$	70,225			$	(52,829	)		$	256,212

⁽¹⁾ Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition costs and impairment charges.

		Six Months Ended October 31, 2020
										Executive Search
		Consulting				Digital				North America				EMEA				Asia Pacific				Latin America				Subtotal				RPO & Professional Search				Corporate				Consolidated
		(in thousands)
Fee revenue		$	226,003			$	131,016			$	160,483			$	61,710			$	38,059			$	7,951			$	268,203			$	154,314			$	—			$	779,536
Total revenue		$	226,641			$	131,060			$	161,465			$	61,909			$	38,160			$	7,951			$	269,485			$	157,486			$	—			$	784,672
Net loss attributable to Korn Ferry																																						$	(3,055	)
Net income attributable to noncontrolling interest																																							278
Other income, net																																							(11,439	)
Interest expense, net																																							14,388
Income tax provision																																							4,205
Operating income																																						$	4,377
Depreciation and amortization																																							30,333
Other income, net																																							11,439
Integration/acquisition costs																																							737
Restructuring charges, net																																							29,894
Adjusted EBITDA(1)		$	26,767			$	31,027			$	26,498			$	4,527			$	5,235			$	22			$	36,282			$	19,823			$	(37,119	)		$	76,780

⁽¹⁾ Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition costs and net restructuring charges.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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- References

No definition available.

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