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Segments (Tables) | 3 Months Ended
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Jul. 31, 2022
Segment Reporting [Abstract] |
Financial Highlights by Operating Segment | Financial highlights are as follows:
| Three Months Ended July 31, |
| 2022 |  |  | 2021 |
| Consolidated |
| (in thousands) |
Fee revenue | $ | 695,903 |  |  | $ | 585,395 |
Total revenue | $ | 703,148 |  |  | $ | 588,098 |
Net income attributable to Korn Ferry | $ | 77,247 |  |  | $ | 74,823 |
Net income attributable to noncontrolling interest |  | 1,289 |  |  |  | 1,574 |
Other income, net |  | (775 | ) |  |  | (4,447 | )
Interest expense, net |  | 7,612 |  |  |  | 5,426 |
Income tax provision |  | 26,226 |  |  |  | 23,879 |
Operating income |  | 111,599 |  |  |  | 101,255 |
Depreciation and amortization |  | 16,229 |  |  |  | 15,644 |
Other income, net |  | 775 |  |  |  | 4,447 |
Integration/acquisition costs |  | 3,605 |  |  |  | — |
Adjusted EBITDA(1) | $ | 132,208 |  |  | $ | 121,346 |
(1) | Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition costs.
Financial highlights by reportable segments are as follows:
| Three Months Ended July 31, |
| 2022 |  |  | 2021 |
| Fee revenue |  | Total revenue |  | Adjusted EBITDA |  |  | Fee revenue |  | Total revenue |  | Adjusted EBITDA |
| (in thousands) |
Consulting | $ | 166,484 |  | $ | 168,735 |  | $ | 29,550 |  |  | $ | 148,478 |  | $ | 149,007 |  | $ | 26,841 |
Digital |  | 83,761 |  |  | 83,815 |  |  | 24,178 |  |  |  | 80,671 |  |  | 80,681 |  |  | 25,632 |
Executive Search: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | 151,544 |  |  | 152,884 |  |  | 43,749 |  |  |  | 138,678 |  |  | 139,300 |  |  | 43,330 |
EMEA |  | 47,056 |  |  | 47,329 |  |  | 8,515 |  |  |  | 42,747 |  |  | 42,843 |  |  | 7,585 |
Asia Pacific |  | 26,381 |  |  | 26,452 |  |  | 7,351 |  |  |  | 28,703 |  |  | 28,732 |  |  | 8,320 |
Latin America |  | 7,808 |  |  | 7,809 |  |  | 2,617 |  |  |  | 6,776 |  |  | 6,779 |  |  | 2,354 |
Professional Search & Interim |  | 98,947 |  |  | 100,052 |  |  | 29,161 |  |  |  | 51,837 |  |  | 51,932 |  |  | 19,439 |
RPO |  | 113,922 |  |  | 116,072 |  |  | 17,709 |  |  |  | 87,505 |  |  | 88,824 |  |  | 14,528 |
Corporate |  | — |  |  | — |  |  | (30,622 | ) |  |  | — |  |  | — |  |  | (26,683 | )
Consolidated | $ | 695,903 |  | $ | 703,148 |  | $ | 132,208 |  |  | $ | 585,395 |  | $ | 588,098 |  | $ | 121,346 |

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