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Goodwill and Intangible Assets (Tables)
12 Months Ended
Apr. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill by Reportable Segment

Changes in the carrying value of goodwill by reportable segment were as follows:

 

 

 

Executive Search

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North

America

 

 

EMEA

 

 

Asia

Pacific

 

 

Subtotal

 

 

Advisory

 

 

RPO &

Professional

Search

 

 

Consolidated

 

 

 

(in thousands)

 

Balance as of May 1, 2017

 

$

46,201

 

 

$

44,976

 

 

$

972

 

 

$

92,149

 

 

$

457,241

 

 

$

27,475

 

 

$

576,865

 

Exchange rate fluctuations

 

 

1,556

 

 

 

2,525

 

 

 

 

 

 

4,081

 

 

 

928

 

 

 

2,348

 

 

 

7,357

 

Balance as of April 30, 2018

 

 

47,757

 

 

 

47,501

 

 

 

972

 

 

 

96,230

 

 

 

458,169

 

 

 

29,823

 

 

 

584,222

 

Exchange rate fluctuations

 

 

(1,186

)

 

 

(2,021

)

 

 

 

 

 

(3,207

)

 

 

(808

)

 

 

(1,909

)

 

 

(5,924

)

Balance as of April 30, 2019

 

$

46,571

 

 

$

45,480

 

 

$

972

 

 

$

93,023

 

 

$

457,361

 

 

$

27,914

 

 

$

578,298

 

Intangible Assets

Intangible assets include the following:

 

 

 

April 30, 2019

 

 

April 30, 2018

 

 

 

(in thousands)

 

Amortized intangible assets:

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Customer lists

 

$

125,099

 

 

$

(53,352

)

 

$

71,747

 

 

$

125,099

 

 

$

(42,248

)

 

$

82,851

 

Intellectual property

 

 

33,100

 

 

 

(22,045

)

 

 

11,055

 

 

 

33,100

 

 

 

(20,112

)

 

 

12,988

 

Proprietary databases

 

 

4,256

 

 

 

(4,053

)

 

 

203

 

 

 

4,256

 

 

 

(3,628

)

 

 

628

 

Non-compete agreements

 

 

910

 

 

 

(893

)

 

 

17

 

 

 

910

 

 

 

(873

)

 

 

37

 

Trademarks

 

 

3,986

 

 

 

(3,986

)

 

 

 

 

 

3,986

 

 

 

(3,986

)

 

 

 

Total

 

$

167,351

 

 

$

(84,329

)

 

 

83,022

 

 

$

167,351

 

 

$

(70,847

)

 

 

96,504

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

106,000

 

Exchange rate fluctuations

 

 

 

 

 

 

 

 

 

 

(74

)

 

 

 

 

 

 

 

 

 

 

712

 

Total Intangible assets

 

 

 

 

 

 

 

 

 

$

82,948

 

 

 

 

 

 

 

 

 

 

$

203,216

 

Estimated Annual Amortization Expense Related to Amortizing Intangible Assets Estimated annual amortization expense related to amortizing intangible assets is as follows:

Year Ending April 30,

 

Estimated

Annual

Amortization

Expense

 

 

 

(in thousands)

 

2020

 

$

13,204

 

2021

 

 

13,071

 

2022

 

 

13,060

 

2023

 

 

11,208

 

2024

 

 

8,731

 

Thereafter

 

 

23,748

 

 

 

$

83,022