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Goodwill and Intangible Assets | 12 Months Ended
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Apr. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 14. Goodwill and Intangible Assets Changes in the carrying value of goodwill by reportable segment were as follows:
|  |  |  |  |  |  |  |  |  | Executive Search |  |  |  |  |  |  |  |  |
|  | Consulting |  |  | Digital |  |  | North America |  |  | EMEA |  |  | Asia Pacific |  |  | RPO & Professional Search |  |  | Consolidated |
|  | (in thousands) |
Balance as of May 1, 2020 |  | $ | 173,014 |  |  | $ | 322,727 |  |  | $ | 45,721 |  |  | $ | 44,494 |  |  | $ | 972 |  |  | $ | 27,015 |  |  | $ | 613,943 |
Adjustments |  |  | — |  |  |  | 2,643 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,643 |
Exchange rate fluctuations |  |  | 396 |  |  |  | 1,258 |  |  |  | 2,777 |  |  |  | 2,955 |  |  |  | — |  |  |  | 2,697 |  |  |  | 10,083 |
Balance as of April 30, 2021 |  |  | 173,410 |  |  |  | 326,628 |  |  |  | 48,498 |  |  |  | 47,449 |  |  |  | 972 |  |  |  | 29,712 |  |  |  | 626,669 |
Additions (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 104,962 |  |  |  | 104,962 |
Exchange rate fluctuations |  |  | (440 | ) |  |  | (1,274 | ) |  |  | (934 | ) |  |  | (877 | ) |  |  | — |  |  |  | (2,514 | ) |  |  | (6,039 | )
Balance as of April 30, 2022 |  | $ | 172,970 |  |  | $ | 325,354 |  |  | $ | 47,564 |  |  | $ | 46,572 |  |  | $ | 972 |  |  | $ | 132,160 |  |  | $ | 725,592 |
(1) | Additions to goodwill in fiscal 2022 was due to $76.8 million and $28.2 million from the acquisition of the Lucas Group and Patina Solutions Group, respectively.
Tax deductible goodwill from the Miller Heiman acquisition was $22.7 million and $24.5 million as of April 30, 2022 and 2021, respectively. Tax deductible goodwill from the PIVOT Leadership acquisition was $5.9 million and $6.6 million as of April 30, 2022 and 2021, respectively. Intangible assets include the following:
|  | April 30, 2022 |  |  | April 30, 2021 |
|  | (in thousands) |
Amortized intangible assets: |  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Customer lists |  | $ | 146,799 |  |  | $ | (89,024 | ) |  | $ | 57,775 |  |  | $ | 131,299 |  |  | $ | (76,489 | ) |  | $ | 54,810 |
Intellectual property |  |  | 69,100 |  |  |  | (40,720 | ) |  |  | 28,380 |  |  |  | 69,100 |  |  |  | (33,623 | ) |  |  | 35,477 |
Proprietary databases |  |  | 4,256 |  |  |  | (4,256 | ) |  |  | — |  |  |  | 4,256 |  |  |  | (4,234 | ) |  |  | 22 |
Non-compete agreements |  |  | 910 |  |  |  | (910 | ) |  |  | — |  |  |  | 910 |  |  |  | (910 | ) |  |  | — |
Trademarks |  |  | 8,986 |  |  |  | (5,261 | ) |  |  | 3,725 |  |  |  | 7,186 |  |  |  | (4,636 | ) |  |  | 2,550 |
Total (1) |  | $ | 230,051 |  |  | $ | (140,171 | ) |  |  | 89,880 |  |  | $ | 212,751 |  |  | $ | (119,892 | ) |  |  | 92,859 |
Exchange rate fluctuations |  |  |  |  |  |  |  |  |  |  | (110 | ) |  |  |  |  |  |  |  |  |  |  | 90 |
Total Intangible assets |  |  |  |  |  |  |  |  |  | $ | 89,770 |  |  |  |  |  |  |  |  |  |  | $ | 92,949 |
(1) | In fiscal 2022 there were intangible assets additions of $11.6 million and $5.7 million from the acquisition of the Lucas Group and Patina Solutions Group, respectively.
Acquisition-related intangible assets acquired in fiscal 2022 consists of customer relationships and tradenames of $15.5 million and $1.8 million, respectively, with weighted-average useful lives from the date of purchase of seven years and two years, respectively. Amortization expense for amortized intangible assets was $20.3 million, $19.2 million and $16.3 million during fiscal 2022, 2021 and 2020, respectively. Estimated annual amortization expense related to amortizing intangible assets is as follows:
Year Ending April 30, |  | Estimated Annual Amortization Expense |
|  | (in thousands) |
2023 |  | $ | 20,384 |
2024 |  |  | 17,583 |
2025 |  |  | 16,889 |
2026 |  |  | 16,388 |
2027 |  |  | 10,635 |
Thereafter |  |  | 7,891 |
|  | $ | 89,770 |
All amortizable intangible assets will be fully amortized by the end of fiscal 2032.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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