Segments (Tables)

9 Months Ended

Jan. 31, 2021

Segment Reporting [Abstract]

Financial Highlights by Operating Segment

Financial highlights by operating segments are as follows:

	Three Months Ended January 31, 2021
					Executive Search
	Consulting		Digital		North America			EMEA		Asia Pacific			Latin America		Subtotal		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	136,268	$	75,791	$	106,002		$	35,991	$	21,643		$	4,468	$	168,104	$	95,197	$	—		$	475,360
Total revenue	$	136,593	$	75,967	$	106,325		$	36,016	$	21,680		$	4,468	$	168,489	$	96,831	$	—		$	477,880
Net income attributable to Korn Ferry																						$	51,319
Net income attributable to noncontrolling interest																							269
Other income, net																							(14,935	)
Interest expense, net																							7,298
Income tax provision																							21,204
Operating income (loss)	$	22,175	$	19,214	$	17,655		$	3,114	$	5,844		$	264	$	26,877	$	18,360	$	(21,471	)	$	65,155
Depreciation and amortization		4,051		7,403		680			345		231			193		1,449		929		1,903			15,735
Other income, net		943		494		12,611			61		323			1		12,996		242		260			14,935
Restructuring, charges, net		346		23		(5	)		398		(23	)		—		370		99		—			838
Adjusted EBITDA	$	27,515	$	27,134	$	30,941		$	3,918	$	6,375		$	458	$	41,692	$	19,630	$	(19,308	)	$	96,663

	Three Months Ended January 31, 2020
					Executive Search
	Consulting		Digital		North America		EMEA		Asia Pacific		Latin America		Subtotal		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	140,525	$	99,389	$	106,888	$	44,301	$	25,089	$	7,283	$	183,561	$	91,850	$	—		$	515,325
Total revenue	$	144,298	$	100,663	$	110,230	$	45,077	$	25,365	$	7,351	$	188,023	$	94,995	$	—		$	527,979
Net income attributable to Korn Ferry																				$	19,993
Net income attributable to noncontrolling interest																					963
Other income, net																					(5,055	)
Interest expense, net																					6,919
Income tax provision																					8,775
Operating income (loss)	$	2,663	$	8,463	$	21,808	$	4,644	$	5,070	$	1,198	$	32,720	$	14,144	$	(26,395	)	$	31,595
Depreciation and amortization		4,417		5,832		847		422		329		295		1,893		979		1,742			14,863
Other income (loss), net		558		193		3,963		29		106		162		4,260		88		(44	)		5,055
Integration/acquisition costs		—		4,332		—		—		—		—		—		—		2,372			6,704
Restructuring, charges, net		11,061		7,032		—		—		—		—		—		—		—			18,093
Separation costs		—		—		—		1,783		—		—		1,783		—		—			1,783
Adjusted EBITDA	$	18,699	$	25,852	$	26,618	$	6,878	$	5,505	$	1,655	$	40,656	$	15,211	$	(22,325	)	$	78,093

	Nine Months Ended January 31, 2021
					Executive Search
	Consulting		Digital		North America		EMEA			Asia Pacific		Latin America			Subtotal		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	362,271	$	206,807	$	266,485	$	97,701		$	59,702	$	12,419		$	436,307	$	249,511	$	—		$	1,254,896
Total revenue	$	363,234	$	207,027	$	267,790	$	97,925		$	59,840	$	12,419		$	437,974	$	254,317	$	—		$	1,262,552
Net income attributable to Korn Ferry																						$	48,264
Net income attributable to noncontrolling interest																							547
Other income, net																							(26,374	)
Interest expense, net																							21,686
Income tax provision																							25,409
Operating income (loss)	$	25,869	$	32,410	$	32,411	$	(1,596	)	$	9,958	$	(578	)	$	40,195	$	33,027	$	(61,969	)	$	69,532
Depreciation and amortization		12,123		21,134		2,126		1,062			756		597			4,541		2,814		5,456			46,068
Other income (loss), net		2,067		1,114		21,944		111			715		56			22,826		462		(95	)		26,374
Integration/acquisition costs		—		556		—		—			—		—			—		—		181			737
Restructuring charges, net		14,223		2,947		958		8,868			181		405			10,412		3,150		—			30,732
Adjusted EBITDA	$	54,282	$	58,161	$	57,439	$	8,445		$	11,610	$	480		$	77,974	$	39,453	$	(56,427	)	$	173,443

	Nine Months Ended January 31, 2020
					Executive Search
	Consulting		Digital		North America		EMEA		Asia Pacific		Latin America		Subtotal		RPO & Professional Search		Corporate			Consolidated
	(in thousands)
Fee revenue	$	422,103	$	223,097	$	332,428	$	130,652	$	78,395	$	23,140	$	564,615	$	282,448	$	—		$	1,492,263
Total revenue	$	433,832	$	224,371	$	342,753	$	132,830	$	79,201	$	23,211	$	577,995	$	292,156	$	—		$	1,528,354
Net income attributable to Korn Ferry																				$	105,748
Net income attributable to noncontrolling interest																					1,890
Other income, net																					(8,014	)
Interest expense, net																					15,186
Income tax provision																					38,988
Operating income (loss)	$	24,272	$	41,036	$	80,254	$	18,466	$	17,866	$	2,999	$	119,585	$	44,279	$	(75,374	)	$	153,798
Depreciation and amortization		13,188		13,156		2,617		1,328		1,004		938		5,887		2,961		5,163			40,355
Other income (loss), net		1,469		528		5,740		148		193		249		6,330		216		(529	)		8,014
Integration/acquisition costs		—		4,332		—		—		—		—		—		—		4,987			9,319
Restructuring charges, net		11,061		7,032		—		—		—		—		—		—		—			18,093
Separation costs		—		—		—		1,783		—		—		1,783		—		—			1,783
Adjusted EBITDA	$	49,990	$	66,084	$	88,611	$	21,725	$	19,063	$	4,186	$	133,585	$	47,456	$	(65,753	)	$	231,362