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Acquisitions | 9 Months Ended
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Jan. 31, 2022
Business Combinations [Abstract] |
Acquisitions | 14. Acquisitions On November 1, 2021, the Company completed its acquisition of Lucas Group for $90.9 million, net of cash acquired. Lucas Group contributes a substantial professional search and contracting expertise that is expected to enhance the Company’s search portfolio. Lucas Group is a professional search and contract staffing firm, targeting middle market businesses. The addition of Lucas Group to Korn Ferry’s broader talent acquisition portfolio – spanning Executive Search, RPO, and Professional Search – is expected to accelerate Korn Ferry’s ability to capture additional share of this significant market. Lucas Group is included in the RPO & Professional Search segment. Actual results of operations of Lucas Group are included in the Company’s consolidated financial statements from November 1, 2021, the effective date of the acquisition. The following table provides a summary of the net assets acquired:
| (in thousands) |
Current assets (1) | $ | 25,138 |
Long-term assets |  | 7,787 |
Intangible assets (2) |  | 11,600 |
Current liabilities |  | 14,765 |
Long-term liabilities |  | 15,713 |
Net assets acquired |  | 14,047 |
Purchase price |  | 90,860 |
Goodwill | $ | 76,813 |
(1) | Included in current assets is acquired receivables in the amount of $13.8 million.
(2) | Acquisition-related intangible assets acquired in connection with the acquisition consists of customer relationships and tradenames of $10.4 million, and $1.2 million, respectively, with weighted-average useful lives from the date of purchase of seven years, and two years, respectively.
The aggregate purchase price was allocated on a preliminary basis to the assets acquired and liabilities assumed on their estimated fair values at the date of acquisition. As of January 31, 2022, these allocations remain preliminary with regard to income taxes. The measurement period for purchase price allocation ends as soon as information on the facts and circumstances become available, not to exceed 12 months.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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