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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Total revenue $ 681,960 $ 712,447 $ 1,364,721 $ 1,418,709
Compensation and benefits 437,427 453,859 889,202 933,740
General and administrative expenses 64,541 65,737 124,540 131,654
Depreciation and amortization 19,688 19,554 39,266 38,566
Restructuring charges, net 576 63,525 576 63,946
Total operating expenses 594,484 689,631 1,201,195 1,339,125
Operating income 87,476 22,816 163,526 79,584
Other income (loss), net 5,391 (13,835) 19,896 (258)
Interest expense, net (5,626) (6,596) (9,571) (11,336)
Income before provision for income taxes 87,241 2,385 173,851 67,990
Income tax provision 24,898 2,341 47,252 20,761
Net income 62,343 44 126,599 47,229
Net income attributable to noncontrolling interest (1,543) (1,755) (3,195) (2,335)
Net income (loss) attributable to Korn Ferry $ 60,800 $ (1,711) $ 123,404 $ 44,894
Earnings (loss) per common share attributable to Korn Ferry:        
Basic (in usd per share) $ 1.16 $ (0.04) $ 2.34 $ 0.86
Diluted (in usd per share) $ 1.14 $ (0.04) $ 2.30 $ 0.86
Weighted-average common shares outstanding:        
Basic (in shares) 51,957 51,328 51,953 51,131
Diluted (in shares) 52,750 51,328 52,864 51,401
Cash dividends declared per share (in usd per share) $ 0.37 $ 0.18 $ 0.74 $ 0.36
Fee revenue        
Total revenue $ 674,365 $ 704,003 $ 1,349,311 $ 1,403,192
Cost of services 64,657 78,512 132,201 155,702
Reimbursed out-of-pocket engagement expenses        
Total revenue 7,595 8,444 15,410 15,517
Reimbursed expenses        
Cost of services $ 7,595 $ 8,444 $ 15,410 $ 15,517