Business Segments (Tables)

3 Months Ended

Jul. 31, 2014

Financial Highlights By Business Segment

Financial highlights by business segment are as follows:

	Three Months Ended July 31, 2014
	Executive Recruitment
	North America		EMEA		Asia Pacific		South America		Subtotal		LTC		Futurestep			Corporate			Consolidated
	(in thousands)
Fee revenue	$	82,300	$	40,297	$	19,534	$	6,284	$	148,415	$	63,548	$	39,225		$	—		$	251,188
Total revenue	$	86,082	$	41,429	$	20,369	$	6,309	$	154,189	$	65,420	$	40,716		$	—		$	260,325
Net income																			$	14,533
Other income, net																				(2,177	)
Interest expense, net																				794
Equity in earnings of unconsolidated subsidiaries, net																				(466	)
Income tax provision																				5,909
Operating income (loss)	$	18,998	$	2,643	$	2,522	$	73	$	24,236	$	3,460	$	3,457		$	(12,560	)		18,593
Depreciation and amortization		904		489		294		85		1,772		3,252		446			1,300			6,770
Other income (loss), net		129		46		109		33		317		217		(2	)		1,645			2,177
Equity in earnings of unconsolidated subsidiaries, net		68		—		—		—		68		—		—			398			466
EBITDA		20,099		3,178		2,925		191		26,393		6,929		3,901			(9,217	)		28,006
Restructuring charges, net		1,151		3,987		17		377		5,532		2,758		1,424			172			9,886
Adjusted EBITDA	$	21,250	$	7,165	$	2,942	$	568	$	31,925	$	9,687	$	5,325		$	(9,045	)	$	37,892
	Three Months Ended July 31, 2013
	Executive Recruitment
	North America		EMEA		Asia Pacific		South America		Subtotal		LTC		Futurestep			Corporate			Consolidated
	(in thousands)
Fee revenue	$	74,147	$	34,377	$	21,128	$	7,003	$	136,655	$	60,062	$	31,720		$	—		$	228,437
Total revenue	$	78,111	$	35,457	$	21,927	$	7,036	$	142,531	$	62,082	$	32,974		$	—		$	237,587
Net income																			$	11,417
Other income, net																				(2,267	)
Interest expense, net																				591
Equity in earnings of unconsolidated subsidiaries, net																				(465	)
Income tax provision																				7,385
Operating income (loss)	$	16,324	$	5,960	$	4,500	$	1,496	$	28,280	$	4,335	$	2,545		$	(18,499	)		16,661
Depreciation and amortization		963		435		306		74		1,778		2,897		408			861			5,944
Other income, net		127		234		17		3		381		8		565			1,313			2,267
Equity in earnings of unconsolidated subsidiaries, net		102		—		—		—		102		—		—			363			465
EBITDA		17,516		6,629		4,823		1,573		30,541		7,240		3,518			(15,962	)		25,337
Restructuring charges, net		816		460		60		—		1,336		1,149		1,134			63			3,682
Separation costs		—		—		—		—		—		—		—			2,500			2,500
Integration costs		—		—		—		—		—		—		—			394			394
Adjusted EBITDA	$	18,332	$	7,089	$	4,883	$	1,573	$	31,877	$	8,389	$	4,652		$	(13,005	)	$	31,913