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Restructuring Charges, Net | 12 Months Ended
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Apr. 30, 2024
Restructuring and Related Activities [Abstract] |
Restructuring Charges, Net | Restructuring Charges, Net In fiscal 2024, in light of the challenging macroeconomic business environment arising from persistent inflationary pressures, rising interest rates and global economic and geopolitical uncertainty, on October 23, 2023, the Company initiated a plan (the “Plan”) intended to align its workforce with its current business realities through position eliminations. Due to the implementation of the Plan, the Company recorded restructuring charges of $68.6 million during fiscal 2024 across all lines of business related to severance for positions that were eliminated. In fiscal 2023, in light of the Company’s evolution to an organization that is selling larger integrated solutions in a world where there are shifts in global trade lanes and persistent inflationary pressures, on January 11, 2023, the Company implemented a separate restructuring plan intended to realign its workforce with its business needs and objectives, namely, to invest in areas of potential growth and implement reductions where there is excess capacity. Due to the implementation of the plan, the Company recorded restructuring charges of $42.6 million during fiscal 2023 across all lines of business related to severance for positions that were eliminated. There were no restructuring charges in fiscal 2022. Changes in the restructuring liability were as follows:
| Restructuring Liability
| (in thousands)
As of May 1, 2021 | $ | 6,985 |
Reductions for cash payments | (4,829) |
Exchange rate fluctuations | (654) |
As of April 30, 2022 | 1,502 |
Restructuring charges, net | 42,573 |
Reductions for cash payments | (24,485) |
Non-cash payments | (10,827) |
Exchange rate fluctuations | (759) |
As of April 30, 2023 | 8,004 |
Restructuring charges, net | 68,558 |
Reductions for cash payments | (57,636) |
Non-cash payments | (15,421) |
Exchange rate fluctuations | 399 |
As of April 30, 2024 | $ | 3,904 |
As of April 30, 2024 and 2023, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets. Restructuring charges incurred by segment were as follows:
|  | Year Ended April 30
|  | 2024 |  | 2023 |  | 2022
|  | (in thousands)
Consulting |  | $ | 18,871 |  |  | $ | 11,613 |  |  | $ | — |
Digital |  | 9,469 |  |  | 2,856 |  |  | — |
Executive Search: |  |  |  |  |  |
North America |  | 8,825 |  |  | 4,515 |  |  | — |
EMEA |  | 17,265 |  |  | 12,732 |  |  | — |
Asia Pacific |  | 1,963 |  |  | 2,129 |  |  | — |
Latin America |  | 110 |  |  | 697 |  |  | — |
Professional Search & Interim |  | 3,778 |  |  | 4,835 |  |  | — |
RPO |  | 7,885 |  |  | 3,097 |  |  | — |
Corporate |  | 392 |  |  | 99 |  |  | — |
Consolidated |  | $ | 68,558 |  |  | $ | 42,573 |  |  | $ | — |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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