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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2022
Oct. 31, 2021
Total revenue $ 735,719 $ 643,398 $ 1,438,867 $ 1,231,496
Compensation and benefits 464,766 431,640 930,392 827,876
General and administrative expenses 65,086 64,065 129,543 114,332
Depreciation and amortization 17,093 15,633 33,322 31,277
Total operating expenses 616,072 539,622 1,207,621 1,026,465
Operating income 119,647 103,776 231,246 205,031
Other (loss) income, net (9,048) 5,066 (8,273) 9,513
Interest expense, net (7,098) (6,365) (14,710) (11,791)
Income before provision for income taxes 103,501 102,477 208,263 202,753
Income tax provision 28,886 26,145 55,112 50,024
Net income 74,615 76,332 153,151 152,729
Net income attributable to noncontrolling interest (1,074) (560) (2,363) (2,134)
Net income attributable to Korn Ferry $ 73,541 $ 75,772 $ 150,788 $ 150,595
Earnings per common share attributable to Korn Ferry:        
Basic (in usd per share) $ 1.39 $ 1.40 $ 2.85 $ 2.78
Diluted (in usd per share) $ 1.38 $ 1.38 $ 2.83 $ 2.75
Weighted-average common shares outstanding:        
Basic (in shares) 51,868 53,114 51,820 52,937
Diluted (in shares) 52,005 53,568 52,143 53,494
Cash dividends declared per share (in usd per share) $ 0.15 $ 0.12 $ 0.30 $ 0.24
Fee revenue        
Total revenue $ 727,849 $ 639,443 $ 1,423,752 $ 1,224,838
Cost of services 61,257 24,329 99,249 46,322
Reimbursed out-of-pocket engagement expenses        
Total revenue 7,870 3,955 15,115 6,658
Reimbursed expenses        
Cost of services $ 7,870 $ 3,955 $ 15,115 $ 6,658