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Segments (Tables) | 12 Months Ended
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Apr. 30, 2024
Segment Reporting [Abstract] |
Financial Highlights | Financial highlights are as follow:
|  | Year Ended April 30,
|  | 2024 |  | 2023 |  | 2022
|  | Consolidated
|  | (in thousands)
Fee revenue |  | $ | 2,762,671 |  |  | $ | 2,835,408 |  |  | $ | 2,626,718 |
Total revenue |  | $ | 2,795,505 |  |  | $ | 2,863,836 |  |  | $ | 2,643,455 |
Net income attributable to Korn Ferry |  | $ | 169,154 |  |  | $ | 209,529 |  |  | $ | 326,360 |
Net income attributable to noncontrolling interest |  | 3,407 |  |  | 3,525 |  |  | 4,485 |
Other (income) loss, net |  | (30,681) |  |  | (5,261) |  |  | 11,880 |
Interest expense, net |  | 20,968 |  |  | 25,864 |  |  | 25,293 |
Income tax provision |  | 50,081 |  |  | 82,683 |  |  | 102,056 |
Operating income |  | 212,929 |  |  | 316,340 |  |  | 470,074 |
Depreciation and amortization |  | 77,966 |  |  | 68,335 |  |  | 63,521 |
Other income (loss), net |  | 30,681 |  |  | 5,261 |  |  | (11,880) |
Integration/acquisition costs |  | 14,866 |  |  | 14,922 |  |  | 7,906 |
Impairment of fixed assets |  | 1,575 |  |  | 4,375 |  |  | 1,915 |
Impairment of right-of-use assets |  | 1,629 |  |  | 5,471 |  |  | 7,392 |
Restructuring charges, net |  | 68,558 |  |  | 42,573 |  |  | — |
Adjusted EBITDA(1) |  | $ | 408,204 |  |  | $ | 457,277 |  |  | $ | 538,928 |
_______________________________ (1)Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net.
Financial Highlights by Operating Segment | Financial highlights by reportable segments are as follows:
|  | Year Ended April 30, 2024
|  | Fee revenue |  | Total revenue |  | Adjusted EBITDA(1)
|  | (in thousands)
Consulting |  | $ | 695,007 |  |  | $ | 706,805 |  |  | $ | 114,260 |
Digital |  | 366,699 |  |  | 366,924 |  |  | 108,669 |
Executive Search: |  |  |  |  |  |
North America |  | 506,927 |  |  | 513,545 |  |  | 120,710 |
EMEA |  | 184,516 |  |  | 185,552 |  |  | 25,902 |
Asia Pacific |  | 85,863 |  |  | 86,273 |  |  | 18,923 |
Latin America |  | 28,937 |  |  | 28,956 |  |  | 5,571 |
Professional Search & Interim |  | 540,615 |  |  | 544,453 |  |  | 101,868 |
RPO |  | 354,107 |  |  | 362,997 |  |  | 40,399 |
Corporate |  | — |  |  | — |  |  | (128,098) |
Consolidated |  | $ | 2,762,671 |  |  | $ | 2,795,505 |  |  | $ | 408,204 |
_______________________________ (1)Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition costs, impairment of fixed assets, impairment of right-of-use assets, and restructuring charges, net.
|  | Year Ended April 30, 2023
|  | Fee revenue |  | Total revenue |  | Adjusted EBITDA(1)
|  | (in thousands)
Consulting |  | $ | 677,001 |  |  | $ | 686,979 |  |  | $ | 108,502 |
Digital |  | 354,651 |  |  | 354,967 |  |  | 97,458 |
Executive Search: |  |  |  |  |  |
North America |  | 562,139 |  |  | 568,212 |  |  | 140,850 |
EMEA |  | 187,014 |  |  | 188,114 |  |  | 31,380 |
Asia Pacific |  | 95,598 |  |  | 95,956 |  |  | 24,222 |
Latin America |  | 31,047 |  |  | 31,054 |  |  | 9,370 |
Professional Search & Interim |  | 503,395 |  |  | 507,058 |  |  | 110,879 |
RPO |  | 424,563 |  |  | 431,496 |  |  | 52,588 |
Corporate |  | — |  |  | — |  |  | (117,972) |
Consolidated |  | $ | 2,835,408 |  |  | $ | 2,863,836 |  |  | $ | 457,277 |
______________________________ (1)Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes integration/acquisition costs, impairment of fixed assets and impairment of right-of-use assets, and restructuring charges, net.
|  | Year Ended April 30, 2022
|  | Fee revenue |  | Total revenue |  | Adjusted EBITDA(1)
|  | (in thousands)
Consulting |  | $ | 650,204 |  |  | $ | 654,199 |  |  | $ | 116,108 |
Digital |  | 349,025 |  |  | 349,437 |  |  | 110,050 |
Executive Search: |  |  |  |  |  |
North America |  | 605,704 |  |  | 609,258 |  |  | 181,615 |
EMEA |  | 182,192 |  |  | 182,866 |  |  | 31,804 |
Asia Pacific |  | 118,596 |  |  | 118,705 |  |  | 35,105 |
Latin America |  | 29,069 |  |  | 29,079 |  |  | 9,089 |
Professional Search & Interim |  | 297,096 |  |  | 297,974 |  |  | 106,015 |
RPO |  | 394,832 |  |  | 401,937 |  |  | 59,126 |
Corporate |  | — |  |  | — |  |  | (109,984) |
Consolidated |  | $ | 2,626,718 |  |  | $ | 2,643,455 |  |  | $ | 538,928 |
_______________________________ (1)Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization and further excludes, integration/acquisition costs, impairment of fixed assets and impairment of right of-use assets.
Fee Revenue Classified by Country | Fee revenue classified by country in which the Company derives revenues are as follows:
| Year Ended April 30,
| 2024 |  | 2023 |  | 2022
| (in thousands)
U.S. | $ | 1,507,819 |  |  | $ | 1,568,119 |  |  | $ | 1,348,377 |
Other countries | 1,254,852 |  |  | 1,267,289 |  |  | 1,278,341 |
Total fee revenue | $ | 2,762,671 |  |  | $ | 2,835,408 |  |  | $ | 2,626,718 |
Long-Lived Assets, Excluding Financial Instruments and Tax Assets, Classified by Controlling Countries over Ten Percent | Long-lived assets, excluding financial instruments and tax assets, classified by location of the controlling statutory country are as follows:
| Year Ended April 30,
| 2024 |  | 2023 |  | 2022
| (in thousands)
U.S.(1) | $ | 175,691 |  |  | $ | 186,220 |  |  | $ | 185,228 |
United Kingdom | 64,280 |  |  | 22,893 |  |  | 26,711 |
Other countries | 82,342 |  |  | 95,453 |  |  | 93,967 |
Total long-lived assets | $ | 322,313 |  |  | $ | 304,566 |  |  | $ | 305,906 |
_______________________________ (1)Includes Corporate long-lived assets

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